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Categories Business

Theranos’ Elizabeth Holmes bought a one-way ticket to Mexico after she was convicted of fraud

Author January 21, 2023

Elizabeth Holmes, the founder of disgraced biotech firm Theranos, bought a one-way ticket to Mexico shortly after she was convicted of fraud

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Categories Business

Thinx to pay up to $5M to settle claims its period underwear contained potentially harmful chemicals

Author January 21, 2023

If you bought a period underwear product made by Thinx, you may now be entitled to a refund thanks to a class-action

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Categories Business

Amazon discontinues charity donation program amid cost cuts

Author January 20, 2023

Amazon said Wednesday it plans to shut down its charity donation program, in the latest example of the company’s broader cost-cutting efforts. Through the program,

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Categories Business

Netflix founder Reed Hastings is giving up CEO role

Author January 20, 2023

Netflix’s Reed Hastings is giving up his CEO role but will remain on as chairman, the company announced along side its earnings report

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Categories Business

Fed policymakers call for further rate hikes to beat inflation

Author January 20, 2023

Federal Reserve policymakers on Wednesday signaled they will push on with more interest rate hikes, with several supporting a top policy rate

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Categories Business

‘Millions of dollars were lost’: Lawyers spar over whether Elon Musk misled investors with his tweets

Author January 19, 2023

Opening arguments kicked off Wednesday in a trial that is pitting Tesla against shareholders accusing the company of misleading them over a

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Categories Business

Microsoft to lay off 10,000 workers, citing concern about a possible recession

Author January 19, 2023

Microsoft said Wednesday it would cut 10,000 jobs worldwide amid a slowing global economy. In a blog post, Microsoft CEO Satya Nadella said

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Categories Business

Party City files for bankruptcy after struggling with pandemic rebound

Author January 19, 2023

Party City filed for Chapter 11 bankruptcy protection on Tuesday, making it the latest casualty in the U.S. retail industry as persistently

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Categories Business

Tesla video promoting self-driving was staged, engineer testifies

Author January 18, 2023

A 2016 video that Tesla used to promote its self-driving technology was staged to show capabilities like stopping at a red light and

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Categories Business

Southwest CEO says all options ‘on the table’ after carrier’s meltdown

Author January 17, 2023

Southwest Airlines is looking at all options to ensure the operational meltdown it suffered last month is not repeated, Chief Executive Bob Jordan

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