Tesla Board’s View That Elon Musk Is Irreplaceable Emerged in Pay Trial
The directors’ desire to keep the serial entrepreneur focused on the car maker contributed to the pursuit of a multibillion-dollar...
BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
Elizabeth Holmes Is Sentenced to More Than 11 Years in Prison for Defrauding Theranos Investors
BusinessJury convicted Holmes earlier this year on charges that she misrepresented startup’s technology, finances and business to investors Source link
Elon Musk Launches Twitter Poll About Reinstating Donald Trump’s Account
TechTwitter boss shared details of company’s speech policy, tweeted that some accounts would be reinstated Source link
Twitter’s Mass Resignations Test Elon Musk’s Management Playbook
Mr. Musk has tried to frame demands for long hours of ’hardcore’ work at Twitter in altruistic terms but it...
U.S. Home Sales Fell for Ninth Straight Month in October
Sales of previously owned homes declined to a seasonally adjusted annual rate of 4.43 million, the weakest rate since May...
Tim Draper Touts Decision to Pull Out of China
TechSilicon Valley investor is looking toward Taiwan, while dismissing China’s Xi Jinping as a ‘weak leader’ for tightening controls on...
CEO in Charge of FTX Restructuring Calls Case an ‘Unprecedented’ Mess
The crypto exchange exhibited a “complete failure of corporate controls,” former Enron chief John Ray said in his first detailed...
Macy’s, Kohl’s Sales Drop as Shoppers Delay Holiday Buying
Both department store chains said the outlook for the important year-end quarter remained uncertain. Source link
Kamala Harris Leads U.S. Push to Bolster Economic Ties in Asia
WorldThe Biden administration is pursuing closer business ties and higher environmental and labor standards at an APEC summit in Bangkok...
The Best and Worst Airports of 2022
San Francisco and Sacramento top The Wall Street Journal’s rankings for large and midsize airports. Newark and LaGuardia rank last....
Tencent Slashes Meituan Stake Worth $20 Billion, Posts Revenue Drop
BusinessEarningsChinese social-media giant plans to distribute food-delivery company’s shares as special dividend to Tencent shareholders Source link
Elon Musk Recently Floated Possibility of Having a Successor at Tesla, a Board Member Says
TechTestimony came after Mr. Musk said he expected to find a new person to run social-media company Twitter Source link
Amazon to Cut 10,000 Employees From Corporate Ranks
Amazon said it is laying off employees across its corporate ranks, in a rare round of cuts for a tech...
Buffett-Backed Electric-Car Giant BYD Halts Spinoff of Chip Unit
BusinessChinese company says IPO shelved to focus on booming electric-vehicle demand as chip bottleneck persists Source link
NASA Presses Toward Early Morning Artemis I Launch
The agency scrubbed two earlier tries due to technical challenges and had to plan around hurricanes. Source link
Taylor Swift’s Concert Ticket Sales Plagued by Ticketmaster Delays
BusinessFans report frustration and inability to get tickets for singer’s first concert in five years Source link
Home Depot Sales Up 5.6% in Third Quarter
BusinessEarningsHome-improvement retailer logs logs higher sales despite fewer transactions Source link
Meta, Lyft, Salesforce and Other Tech Firms Dump Office Space as They Downsize
Real EstateRetreat is a blow to office market and to many cities, which have relied on sector’s real estate appetite...
Apple, Fortnite Battle Moves Before Appeals Court Over App Store Monopoly Claims
Three judges are hearing the high-profile case that now includes the Justice Department and could determine the fate of the...
Amazon Set to Lay Off Thousands of Corporate Workers
The layoffs are targeted for corporate employees and could primarily affect Amazon’s devices business, as well as human resources and...
