Tesla shares jump 6% ahead of delivery data—adding $45 billion to market cap
Analysts remained optimistic for the electric vehicle maker, despite an expected decline in deliveries for the second-straight quarter.
Ty Roush, Forbes Staff
Billionaire Hinduja family members get 4.5 years in Swiss prison for exploiting house staff
The four family members were acquitted of human trafficking charges.
Kia recalls over 462,000 SUVs for faulty seat motors that may catch fire
Some drivers reported a burning smell and smoke coming from under the driver’s seat, the Korean automaker said.
Rihanna launching ‘Fenty Hair’: Billionaire pop star expands beauty empire
The hair care market is expected to grow by nearly $20 billion over the next three years, market researchers said.
Spotify shares jump 5% ahead of subscription price hikes
The price hikes make Spotify’s subscription service more expensive than rival Apple Music.
Passenger dies after ‘severe turbulence’ on Singapore Airlines flight—Here’s how rare such casualties are
Flight attendants have accounted for most turbulence-related injuries in recent decades.
Tesla cuts 600 jobs in California amid mass layoffs
The electric vehicle maker said earlier this year it would cut 10% of its workforce.
Peloton slashes 15% of its staff as CEO Barry McCarthy steps down
The company said it moved forward with layoffs because it “simply had no other way to bring its spending in line with revenue.”
Here’s what led to Republic First’s collapse – and why it’s different from 2023 failures
Republic First Bancorp was seized by Pennsylvania regulators Friday, following a failed deal earlier this year to infuse the Philadelphia-based regional bank with new funds, amid a decline in deposits and a struggling mortgage lending business.
America’s TikTok ban just got one step closer – Here’s what you need to know
TikTok opposes the legislation, saying it will “trample the free speech rights” of millions of Americans.