Category: Business

  • Tax loophole in Inflation Discount Act encourages leasing

    Tax loophole in Inflation Discount Act encourages leasing

    Dave Walters of Orange County, California stands by his newly leased Hyundai Ioniq 5 electric vehicle. Provided by Dave Walters Fed up with high gas prices and lured by federal tax breaks, Dave Walters decided to buy an all-electric Hyundai Ioniq 5 for his next vehicle. The Orange County, California resident initially considered buying a…

  • Washington Commanders to be bought to Josh Harris

    Washington Commanders to be bought to Josh Harris

    A general view of fans in front of the Washington Commanders logo during the first half of the game between the Washington Commanders and the Philadelphia Eagles at FedExField on September 25, 2022 in Landover, Maryland. Scott Taetsch | Getty Images The NFL’s Washington Commanders have finalized a deal to sell them to a consortium…

  • JPM’s Jamie Dimon warns of market panic as US near default

    JPM’s Jamie Dimon warns of market panic as US near default

    Jamie Dimon, President and CEO of JPMorgan Chase and Company, speaks before a Senate hearing on banking, housing and city affairs on “Annual Oversight of the Nation’s Largest Banks” on Capitol Hill on September 22, 2022 in Washington, United States, out of. Elizabeth Franz | Reuters JPMorgan Chase CEO Jamie Dimon said Thursday that markets…

  • Trump urges false election claims at CNN Metropolis Corridor

    Trump urges false election claims at CNN Metropolis Corridor

    Former US President Donald Trump speaks at a campaign event in Manchester, New Hampshire, on Thursday, April 27, 2023. Adam Glanzmann | Bloomberg | Getty Images Former President Donald Trump on Wednesday again made false claims that his 2020 election loss to President Joe Biden was “rigged” in a live town hall broadcast on CNN.…

  • Wheels Up founder resigns as losses mount and chapter threatens

    Wheels Up founder resigns as losses mount and chapter threatens

    Kenny Dichter, founder and former CEO of Wheels Up. Chris Goodney | Bloomberg | Getty Images private jet company wheels up announced on Tuesday that its founder and CEO, Kenny Dichter, is resigning from his post effective immediately as the company faces mounting losses and the potential for bankruptcy. Board member Ravi Thakran will become…

  • Lucid (LCID) earnings Q1 2023

    Lucid (LCID) earnings Q1 2023

    A sign is posted on the exterior of Lucid’s headquarters in an aerial photo on March 29, 2023 in Newark, California. Electric vehicle maker Lucid announced plans to lay off 1,300 employees, 18 percent of its workforce, as part of a restructuring plan. Justin Sullivan | Getty Images Manufacturer of luxury electric vehicles Lucid group…

  • Minnesota, Florida, Pennsylvania, Ohio can legalize marijuana

    Minnesota, Florida, Pennsylvania, Ohio can legalize marijuana

    Cannabis reform protesters gather outside the White House in Washington, DC to call on President Joe Biden to take action against the clemency of cannabis ahead of the November general election on October 24, 2022. Win Mcnamee | Getty Images Marijuana is a multibillion-dollar industry, and legal markets are springing up like weeds across the…

  • WWE followers fearful about UFC merger

    WWE followers fearful about UFC merger

    WWE SmackDown World Tour Jörn Pollex | Bongarts | Getty Images World Wrestling Entertainment and Endeavor-owned UFC will merge this year in a deal that will create a sports-entertainment giant worth more than $21 billion. After the deal was announced in early April, WWE stock soared to its highest level in almost four years. The…

  • Trump returns to CNN and assessments CEO Chris Licht’s guidelines

    Trump returns to CNN and assessments CEO Chris Licht’s guidelines

    U.S. President Donald Trump looks on during a commercial break during an hour-long live NBC News Town Hall Forum with a group of Florida voters in Miami, Florida, the United States, October 15, 2020. Carlos Barria | Reuters When Chris Licht took over as CEO of CNN last year, he made a promise to viewers.…

  • Ed Sheeran did not steal from Marvin Gaye’s music, jury guidelines

    Ed Sheeran did not steal from Marvin Gaye’s music, jury guidelines

    Musician Ed Sheeran exits federal courthouse in New York, United States, on Wednesday May 3, 2023. Stephanie Keith | Bloomberg | Getty Images A federal jury in Manhattan ruled Thursday that pop star Ed Sheeran did not infringe the copyright of Marvin Gaye’s “Let’s Get It On.” It was questionable whether Sheeran’s 2014 hit “Thinking…