Rivian grants Scaringe new stock award

 

Rivian awarded CEO RJ Scaringe a new performance-based stock grant worth around $5 billion if targets are met, while doubling his salary to $2 million and giving him a 10% stake in spinout Mind Robotics, a filing shows. The board canceled Scaringe’s hard-to-reach 2021 award and replaced it under the...

Trump asks DOJ to probe beef prices

 

President Trump accused majority foreign-owned meat packers of inflating U.S. beef prices and said he asked the Justice Department to investigate alleged collusion, price fixing and manipulation, calling boxed beef prices fishy. He offered no evidence. The announcement came days after his party's losses in elections where Democrats emphasized cost-of-living...

Microsoft layoffs reshape job security and lives

 

Microsoft workers describe a year of abrupt cuts that upended careers and confidence in job security. After eliminating 6,000 roles in May and about 9,000 in July — following nearly 2,000 performance-based reductions earlier — the company said most moves aimed to streamline layers, part of a broader corporate flattening...

Staple Street Tribeca compound listed for 30M

 

After more than two decades on Tribeca’s tucked-away Staple Street, filmmaker Neil Burger and architect Diana Kellogg are listing their two-building compound for $30 million, the Wall Street Journal reports. The offering combines a circa-1860s, 4,100-square-foot townhouse—exposed brick, timber beams, skybridge views—with a studio and office across the alley. Over...

Disney says YouTube TV seeks preferential terms

 

Disney executives told employees ESPN’s dispute with YouTube TV remains unresolved, leaving up to 10 million subscribers without ABC, college football, and Monday Night Football for a second straight weekend. In a memo, Dana Walden, Alan Bergman, and Jimmy Pitaro said their offer matches deals with 500-plus distributors, while accusing...

Report says Ford debates Lightning future

 

A Wall Street Journal report says Ford is in active talks about scrapping the F-150 Lightning, even as the company notes the electric pickup delivered record Q3 sales and remains the US best seller in its class. Production was suspended weeks ago after a supplier’s New York factory fire caused...

Starbucks apologizes amid Bearista cup frenzy

 

Starbucks' 2025 holiday rollout sparked a frenzy over its $29.95 Glass Starbucks Bearista Cold Cup, a 20-ounce glass cup shaped like a teddy bear wearing a green knitted beanie. Released Nov. 6, the item sold out quickly, with scarce store allocations, predawn lines and even a Houston brawl. After a...

YouTube TV ESPN talks stall before showdown

 

Talks between YouTube TV and ESPN remain far apart, sources say, as the Philadelphia Eagles vs Green Bay Packers Monday Night Football game nears. Without a deal, 10 million YouTube TV subscribers face a second weekend without ESPN, missing college football Saturday and Monday Night Football, though Sunday NFL games...

Tesla pay approved AI stocks slide Target pivots

 

Wall Street woke to a jolt of headlines: Tesla investors approved Elon Musk’s nearly $1 trillion pay plan, lifting his stake to 25% and tying stock awards to milestones including 1 million Optimus robots. Tech shares fell as AI valuation worries resurfaced; the Nasdaq dropped 1.9% and job cuts hit...

Qualcomm expects 75 percent share in Galaxy S26

 

Qualcomm pushed back on talk that Samsung's Galaxy S26 will mostly use Exynos, saying on its Q4 call it still expects to power about 75% of devices in 2026. Executives called 75% the new baseline and noted Galaxy S25 used Qualcomm across the board. That contrasts with reports praising the...