Author: super@dmin
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Tesla stock tumbles on report of criminal probe of Musk claims
Justice Department investigating Elon Musk’s Tesla tweet The Justice Department is investigating whether comments made by Tesla CEO Elon Musk last month about taking his company private were illegal, the automaker confirmed Tuesday. The company said it had received a voluntary request for documents and is cooperating. Tesla said it had not been subpoenaed. “We…
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Wall Street pay is the highest since the financial crisis
Wall Street’s view of the next crisis Wall Street pay keeps rising. Including bonuses, the average salary in New York City’s securities industry jumped by 13% to $422,500 in 2017, according to a report from New York State Comptroller Thomas DiNapoli. That’s the highest figure since 2008 and the third-highest on record, once adjusted for…
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Papa John's new campaign pushes Papa John further away
Papa John’s is losing the pizza wars. Big time. Papa John’s new ad campaign makes a clear statement: The pizza chain is moving on without Papa John. On Tuesday, the embattled pizza company released a new commercial featuring a diverse panel of franchisees and employees. “You’ve heard one voice of Papa John’s for a long…
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What they're saying about the trade war at China's 'Davos'
US-China trade war may raise gadget prices Business leaders and officials in China say that Beijing is ready to dig in for a war of attrition with the United States on trade. The Trump administration launched its biggest barrage of tariffs yet just as top executives and policymakers were gathering for the start of a…
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FedEx CEO lashes out against tariffs and trade war
Boeing CEO: Global trade extremely important to us The CEO of FedEx is not happy about President Trump’s latest tariffs against China and the escalating global trade war. Not one bit. Chief executive Fred Smith told analysts on Monday that the US-China trade spat “is worrisome to everyone.” And he was just getting started. “History…
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Stores face worker shortage this holiday season
The truth about the retail apocalypse Retailers are making big hiring plans in anticipation of the holiday shopping rush. Gap (GPS) said on Monday that it was bringing on 65,000 seasonal workers. Target (TGT) announced plans for 120,000 workers last week, 20% more than last year, while Macy’s said it was hiring 80,000, the same…
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Saudi Arabia invests $1 billion in potential Tesla rival
Lucid Motors wants to beat Tesla at its own game Saudi Arabia has agreed to invest more than $1 billion in Lucid, a potential Tesla competitor. Lucid is planning a new high-performance electric car. It said the investment from Saudi Arabia’s sovereign wealth fund announced Monday will allow it to finish engineering on its first…
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Caver sues Elon Musk for defamation
Elon Musk sued over ‘pedo’ tweet Vernon Unsworth, the caver accused by Elon Musk of being a pedophile, filed a defamation lawsuit against the Tesla CEO on Monday. “Elon Musk falsely accused Vern Unsworth of being guilty of heinous crimes,” Unsworth’s attorney L. Lin Wood said in a statement. “Musk’s influence and wealth cannot convert…
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Corporate America is spending more on buybacks than anything else
Why stock buybacks may deepen income inequality For the first time in a decade, Corporate America is steering more money into stock buybacks than investing in the future. S&P 500 companies rewarded shareholders with $384 billion worth of buybacks during the first half of 2018, according to a Goldman Sachs report published Friday. That big…
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The keto craze is hitting the mainstream
Is algae the food of the future? Keto is blowing up. The ketogenic diet is a strict regimen of low-carb, high-fat foods that forces the body into a state of ketosis — when you burn fat, instead of carbohydrates, for energy. With the help of social media and word of mouth, demand for keto-friendly products…