Author: News Room
Michael Burry of “The Big Short” fame has terminated his hedge fund’s SEC registration, signaling that he’ll no longer manage money for external clients.Scion Asset Management was deregistered on Monday, according to regulatory disclosures. Burry’s fund managed about $155 million for four accounts in late March, per its most recent…
Corporate America is sounding the alarm on AI.An increasing share of companies’ annual filings with the Securities and Exchange Commission now caution investors that the technology could have a significant negative impact on their businesses.So far this year, 418 publicly traded companies valued at more than $1 billion have cited…
Thousands of baristas, who’ve spent years trying to unionize Starbucks, are done waiting.It’s Red Cup Day — when Starbucks, which is in the middle of a massive turnaround campaign, usually gives away reusable cups and rakes in record sales — but instead, thousands of baristas are walking off the job,…
The Marriott-Sonder breakup left guests scrambling for accommodations, and home rental companies are jumping into the fray.On Sunday, Marriott announced that it ended its licensing agreement with Sonder. Guests needed to leave by Monday morning.TrustedHousesitters, a rental service that allows subscribers to stay in other people’s homes while they’re away…
Back in August, Tesla CEO Elon Musk said Waymo can’t drive on highways because of the mix of sensors on the Alphabet company’s robotaxis.Waymo’s fifth-generation autonomous driving platform has five lidars, six radar sensors, and 29 cameras.It’s this mix of lidar, radar, and cameras, Musk wrote on X, that leads…
Morgan Freeman, 88, says he has no plans to retire just yet.Speaking to AARP in an interview published on Tuesday, the actor spoke about his desire to keep acting and how he’s approaching aging with purpose.”There is a saying about old age — ‘Keep moving’ — and what Clint Eastwood,…
Two companies in Ukraine have been supplying an Iranian state-owned military manufacturer with key parts for drones, the US Treasury Department said on Wednesday.The Office of Foreign Assets Control said in a statement that it was placing sanctions on GK Imperativ and Ekofera, two Ukraine-based companies.The firms are accused of…
This as-told-to essay is based on a conversation with Ethan Werchniak, 26, a New York State government employee. It has been edited for length and clarity. Business Insider verified his booking at a Marriott-licensed Sonder property in Montreal.The Marriott-Sonder breakup put a damper on one of the happiest days of…
Comparable items in my $59.64 Amazon cart came to $52.85 at Aldi.The few bucks I would’ve saved in Aldi, I would’ve paid for with my time. Convenience is a major factor, especially as a busy professional who drives 15 minutes each way to the nearest Aldi.Between free shipping, which saves…
When Whitney Catalano filed for Chapter 7 bankruptcy in 2022, she was self-employed, living in an apartment she couldn’t afford and carrying $60,000 in credit card and personal loan debt. For her, bankruptcy looked like freedom. “I felt very overwhelmed by money,” she says. “I wanted to clear myself of…
