Asian stocks rebound as China poised to boost housing

FILE PHOTO – An investor stands in front of an electronic board displaying stock information at a brokerage in Shanghai, China August 24, 2015. REUTERS/Aly Song Join now for FREE unlimited access to Reuters.com Register MSCI Asia excluding Japan +1.8%, Nikkei +1.3% European stocks should follow Asia’s lead Stocks rally after China cut prime lending … Read more

Elon Musk faces sexual assault complaint from SpaceX flight attendant; says he exposed himself during the massage

Tesla CEO Elon Musk said that when it comes to President Biden, “the real president is the teleprompter.” He made the remarks on a video episode of The All-In Podcast. SpaceX CEO Elon Musk has denied a sexual assault claim by a former flight attendant, whom the company allegedly paid $250,000 as part of a … Read more

Minnesota unemployment rate hits record high 2.2%, and people hiring are feeling the pinch

Patti Soskin was not surprised to learn Thursday that Minnesota’s unemployment rate had fallen to an all-time low. The owner of Yum Kitchen and Bakery has about 10 vacancies at her three locations around the Twin Cities and says she’s having a harder time filling them than she can remember in her 17 years in … Read more

The stock market is very heavy, but carnage is widespread

Eight companies are responsible for nearly half of the stock market’s decline this year, and the pain doesn’t end there. Apple Inc., Microsoft Corp. Amazon. com Inc., Tesla Inc.. and the parent companies of Google and Facebook have grown so large in recent years that they make up 25% of the S&P 500 by 2022. … Read more

FDA chief: Baby formula factory could reopen by next week

WASHINGTON (AP) — The head of the Food and Drug Administration told lawmakers on Thursday that an infant formula factory closed could be up and running as soon as next week, though he avoided questioning whether his agency should have stepped in sooner to fix the plant’s issues that triggered the nationwide shortage. FDA Commissioner … Read more

Elon Musk says he doesn’t plan to donate to GOP super PACs in upcoming election – despite feud with Biden

Billionaire entrepreneur Elon Musk has said he has no plans to fund a Republican super PAC in upcoming US elections, including those that oppose President Joe Biden in the 2024 presidential race. The Tesla and SpaceX CEO, who is listed by Forbes as the richest person in the world, told CNBC in an email that … Read more

Tilman Fertitta donates $50 million to UH medical school, which will bear his name

Billionaire businessman Tilman Fertitta said he has always believed strongly in the University of Houston Medical School’s mission to improve health care equity in Texas. He is now donating $50 million to help make that vision a reality. Fertitta and her family announced Thursday what UH leaders call a “transformative” gift for the fledgling medical … Read more

US ‘heading for a really bad recession’ later this year, venture capitalist warns

Craft Ventures co-founder and general partner David Sacks warns of a recession later this year. Craft Ventures co-founder and general partner David Sacks warned on Thursday that the United States is heading for a “very serious” recession later this year, with markets experiencing the “worst downturn since the dot-com crash. “. The dotcom bubble resulted … Read more

Elon Musk proves once again that the rules do not apply to him | CNN Business

New York CNN Business — How to regulate a worthy man over $200 billion who thinks he knows better than everyone else? The simple answer is: you don’t. Elon Musk once again proved he would do things his way, announcing on Friday that his $44 billion deal to buy Twitter was on hold. He shared … Read more

Breitbart Business Digest: Walmart and Target sound the death knell for greed

It’s hard to believe that it was only last week that Democrats expected to change the rhetoric on inflation by blaming rising prices on greedy corporate price scammers. In a speech on Tuesday last week, President Joe Biden complained that “corporate executives are in communication with investors on Wall Street, applauding their record profits and … Read more