Many live music fans likely met the news that the U.S. Justice Department is seeking to break up Ticketmaster and its parent company Live Nation with glee. Long the subject…
Tesla CEO Elon Musk said that he doesn’t support President Biden’s recent announcement of a tariff on Chinese-made electric vehicles. “Neither Tesla nor I asked for these tariffs,” Musk said in response to a question…
Editor's Pick
Boeing expects a 2024 cash burn, slow recovery of airplane deliveries amid crisis, CFO says
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Boeing will burn through cash this year and deliveries of new planes won’t improve in the second quarter from the first, as the manufacturer deals with a host of production challenges…
Editor's Pick
Oil prices hit three-month lows, head for weekly loss as summer driving season kicks off
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Crude oil futures fell to three-month lows on Friday and are heading to a weekly loss as the summer driving season gets underway with the Memorial Day holiday. U.S. crude…
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It wasn’t the endless shrimp that doomed Red Lobster. How private equity pinched the seafood chain.
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Angry that your favorite Red Lobster closed down? Wall Street wizardry had a lot to do with it. Red Lobster was America’s largest casual dining operation, serving 64 million customers…
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Will schools finally pay student-athletes? What a historic settlement means for the NCAA and players
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Could college athletes really start getting paid directly by their schools, ending decades of acrimony over the issue? The NCAA, along with the five largest college athletic conferences, announced Thursday…
An exiled Iranian resistance group has uncovered damning evidence showing top regime officials’ direct involvement in supporting the Houthis in their attacks against ships in the Red Sea. Fox News…
With closing arguments in former President Trump’s criminal trial scheduled for early in the week ahead, a pending verdict in the historic case could have serious consequences in the 2024…
Economy
Billionaire CEO Schwarzman changes course and backs Trump citing rising antisemitism as top concern
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Blackstone CEO and co-founder Stephen Schwarzman revealed on Friday that he will be supporting former President Donald Trump in 2024 after previously distancing himself from Trump leading into the GOP…
In this episode of StockCharts TV‘s The MEM Edge, Mary Ellen reviews the broader markets and the rotation that’s taking place amid a rise in interest rates. She also takes a close…