Tesla is awarding Elon Musk around $29 billion in shares as a legal battle looms over a prior multibillion dollar compensation plan for the chief executive. A special committee of the company’s board of directors said the interim pay package would motivate Musk to “stay focused” on Tesla as the electric vehicle maker pivots to…
Warren Buffett’s Berkshire Hathaway posted a 4% drop in operating earnings to $11.2 billion in its first quarterly earnings report since the legendary investor revealed he plans to step down as CEO. Berkshire also sold a net $3 billion of stocks last quarter, purchasing $3.9 billion of shares but selling $6.9 billion worth. The disposals…
The data breach at Tea, the viral app that allows women to post anonymous reviews of men, was bigger than initially reported and included private messages. Last week, the app acknowledged that it had experienced a data breach of about 72,000 images, including users’ photos and driver’s licenses. Now, a Tea spokesperson tells Business Insider…
The app “Tea,” designed for women to anonymously post comments about men they have dated, has suffered a data breach, leaking tens of thousands of user images in what appears to be a targeted effort by another online platform.The company behind Tea reported that 72,000 images were leaked online, including 13,000 selfies or forms of…
The world’s third richest man Jeff Bezos, has sold off a cumulative $5.7 billion worth of Amazon shares since his wedding in June, as per the 10b5-1 trading plans submitted to the United States Securities and Exchange Commission (US SEC), according to a Bloomberg report. Filings with the US SEC showed that the 61-year-old billionaire…
A Whittier man was arrested Thursday for allegedly using dating apps such as Tinder, Hinge and Bumble to con people out of more than $2 million, according to authorities. Christopher Earl Lloyd, 39, was charged with 13 counts of wire fraud and one count of engaging in a monetary transaction in property derived from fraud,…
Investors have been eager to know if the billions of dollars of AI investment are actually delivering a return for companies. Morgan Stanley thinks the answer is yes. The bank’s latest version of its AI Adopter survey shows that AI exposure and adoption are clearly gaining steam. Over the last few months, the financials sector…
Tesla shares tumbled Thursday after its latest earning results knocked the wind out of investors’ confidence in Elon Musk’s electric vehicle maker. The company has been facing intense competition, cooling consumer interest and a reduction of the government incentives that made buying EVs more affordable. Musk, the chief executive, broadcast that the tough times could…
An app that lets women review men anonymously is going viral — and it’s stirring polarizing opinions and some concerns about privacy. The app, called Tea, has surged to the No. 1 spot on the US Apple App Store. It launched in 2023 and began rapidly ascending charts in the last few weeks. Sensor Tower,…
If you have $10,000 in cash waiting to be invested, you probably wish you had shoveled that money into the stock market in mid-April. But you’re not the first, and won’t be the last, investor who missed a good entry point into the market. Even with the market at all-time highs since hitting a bottom…