photo: Getty Images (Getty Images) Carvana, the used car dealer founded a decade ago whose meteor growth was met with a fair number of problemssaid Tuesday that it would lay off 2,500 employees, with executives going unpaid for the rest of 2022. In a filing with the Securities and Exchange CommissionCarvana called the move a […]
When Royal Dutch Shell sold off its stake in the Umuechem oil field in Nigeria last year, it was, on paper, a step forward for the company’s climate ambitions: Shell could clean up its holdings, raise money to invest in cleaner technologies, and move toward its goal of net zero emissions by 2050. As soon […]
The suit by Match Group (MTCH) is the latest antitrust complaint to hit Google (GOOG) after years of scrutiny over its business practices. The suit, which was filed in the US District Court for the Northern District of California, alleges that Google not only has a monopoly on the distribution of Android apps, but also […]
Beginning Tuesday, the coffee chain is adding a new chocolate cream cold brew to its menus. The drink features cold brew coffee topped with a “light, sweet and silky” chocolate cream cold-foam and is sweetened with vanilla syrup. The new offering is inspired by “nostalgic summer moments,” Starbucks said in a press release. “The classic […]
photo: Mercedes Mercedes isn’t having trouble selling electric cars, Tesla has a new recall, and Lucid is going to Europe. All that and more in The Morning Shift for May 10, 2022. 1st Gear: Mercedes’ EV Business Is Strong I’m not really sure what to make of this, other than virtually any new car today […]
US stock indexes rebounded early Tuesday, before dropping back into negative territory, following three days of punishing declines. The S&P 500 was recently down 0.5% in morning trading, a day after the broad index slumped 3.2% to its lowest level for the year. The technology-heavy Nasdaq Composite dropped 0.4% while the Dow Jones Industrial Average […]
Netflix could introduce its lower-priced ad-supported tier by the end of the year, a more accelerated timeline than originally indicated, the company told employees in a recent note. In the note, Netflix executives said that they were aiming to introduce the ad tier in the final three months of the year, according to two people […]
Check out what’s clicking on FoxBusiness.com. About 100 Orthodox Jews from New York making their way to Europe for a religious pilgrimage said they were banned from a flight in Germany because just a few were not wearing masks. “Due to operational reasons coming from the flight from New York, for all passengers here we […]
The once-hot company reported a dismal quarterly financial report Tuesday, with sales tumbling 15% from a year ago. Peloton lost $757 million last quarter. Platoon (PTON) said it had just $879 million in cash in the bank at the end of the quarter, which has left it “thinly capitalized,” CEO Barry McCarthy said. That forced […]