Month: April 2022
Tishman Speyer, landlord of men accused of impersonating DHS agents won $222K judgment for unpaid rent
Arian Taherzadeh seen in photos submitted in a D.O.J. affidavit. Courtesy: D.O.J The landlord of two Washington, D.C., men charged with impersonating Department of Homeland Security agents won a judgment for more than $222,000 in unpaid rent for the five apartments they lived in and loaned out to U.S. Secret Service agents, a court filing […]
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Elon Musk says Tesla may have to get into the lithium business because costs are so ‘insane’
Tesla CEO Elon Musk is pictured as he attends the start of the production at Tesla’s “Gigafactory” on March 22, 2022 in Gruenheide, southeast of Berlin. Patrick Pleul | AFP | Getty Images Elon Musk tweeted Tesla may get into the lithium mining and refining business directly and at scale because the cost of the […]
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Stocks making the biggest moves midday: Robinhood, EPAM Systems, Kroger and more
Kroger is opening automated warehouses around the country to build a larger and more profitable online grocery business. Kroger Check out the companies making headlines in midday trading Friday. Robinhood — Shares of the trading app dropped nearly 7% after Goldman Sachs downgraded the stock to sell from neutral. The Wall Street firm cited softening […]
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New York City loses court fight to boot Trump Organization from operating Bronx golf course
A ‘TRUMP’ branded helicopter sits near a putting green during a ribbon cutting event for a new clubhouse at Trump Golf Links at Ferry Point, June 11, 2018 in The Bronx borough of New York City. Drew Angerer | Getty Images A judge ruled Friday that the Trump Organization can continue to operate a golf […]
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Here’s how the Fed raising interest rates can help get inflation lower, and why it could fail
A customer shops at at a grocery store on February 10, 2022 in Miami, Florida. The Labor Department announced that consumer prices jumped 7.5% last month compared with 12 months earlier, the steepest year-over-year increase since February 1982. Joe Raedle | Getty Images The view that higher interest rates help stamp out inflation is essentially […]
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Return-to-office mandates will soon be ‘very outdated,’ says Atlassian’s head of distributed work
Companies that adopted permanent remote-work policies during the pandemic are doubling down on their commitments to flexibility while major companies like Google and Twitter call employees back to offices this month. But it’s only a matter of time before in-person requirements become passé, says Annie Dean, who leads distributed workforce strategy at Atlassian, an Australia-based […]
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Will Smith banned from attending the Oscars for 10 years after slapping Chris Rock on stage
US actor Will Smith accepts the award for Best Actor in a Leading Role for “King Richard” onstage during the 94th Oscars at the Dolby Theatre in Hollywood, California on March 27, 2022. Robyn Beck | Afp | Getty Images Will Smith has been banned from attending the Academy Awards for the next decade after […]
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United pushes back the return of dozens of Boeing 777 jets until at least May 13
Boeing 777ER United Airlines. Aircraft to Fiumicino Leonardo da Vinci Airport. Massimo Insabato | Mondadori Portfolio | Getty Images United Airlines is pushing back the return of dozens of Boeing 777 jets, taken out of service after an engine failure last year, until at least May 13, according to a note sent to pilots, which […]
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These companies set to report next week typically beat earnings estimates and trade higher
The corporate earnings season kicks off next week, and some of the companies slated to report have a history of beating estimates. Source
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Cathie Wood says banks have a ‘big problem’ thanks to crypto
Cryptocurrency was initially created to sidestep old institutions – and banks may finally be feeling themselves get disrupted, Ark Invest CEO Cathie Wood said. Known for her high risk high reward strategy, Wood told CNBC’s “Crypto World” Thursday that the amount of interest investors are showing in DeFi, or decentralized finance, applications could threaten the […]
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