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

Jack Dorsey’s block wants to create economic empowerment with Bitcoin

Block’s overarching goal is to drive economic empowerment around the world and Bitcoin plays a central role in that mission, its chief executives said Wednesday at the company’s first Investor Day since 2017. “We believe Bitcoin is going to have a profound impact on financial services, particularly as a tool for economic empowerment and as … Read more

Hasbro slams activist investor’s proposed directors as proxy battle escalates

Hasbro game maker. Justin Sullivan | Getty Images Hasbro goes on the offensive against an activist investor who wants to add new members to the company’s board and create the lucrative unit that includes Dungeons & Dragons. On Wednesday, the toymaker released a letter to shareholders explaining why its current slate of board nominees should … Read more

House Democrats to hold hearings on infant formula crisis, introduce bill to strengthen FDA inspections

House Democrats will hold hearings on the U.S. formula shortage and pass legislation to increase Food and Drug Administration inspection staff to ensure imported products are safe for infants. Representative Rosa DeLauro, chair of the House Appropriations Committee, on Tuesday introduced a bill that would provide the FDA with $28 million in emergency funding to … Read more

Boeing needs to get its act together, says Ryanair CEO

“At the moment, we believe that Boeing management is running around like headless chickens, unable to sell planes, and even the planes they deliver, they are unable to deliver them on time,” Michael said. O’Leary, CEO of Ryanair. , Europe’s largest discount carrier, which has ordered nearly 400 jets from Boeing since 2010. O’Leary and … Read more

How Carvana went from being a Wall Street top pick to trading with meme stocks

Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC Carvana CEO Ernie Garcia III regularly tells Wall Street that “the march continues” on the company’s mission to become the world’s largest and most profitable used-car retailer. Its share price has also risen this year, just in the wrong direction for investors. In six months, Carvana has … Read more

China has quietly built a blockchain platform. Here’s what we know

China has made blockchain technology a strategic priority. Blockchain-based Service Network, or BSN, is part of its efforts to build capacity in the industry. Yuichiro Chino | time | Getty Images Chinese President Xi Jinping has said his country must “seize the opportunities” presented by blockchain technology. In a speech in 2019, the Chinese leader … Read more

Pizza has a delivery problem

In early March, Ritch Allison, then CEO of Domino, warned that a shortage of drivers would be a drag on business. “The staffing of delivery drivers may remain a significant near-term challenge,” he said, pointing to a drop in deliveries in the last quarter of 2021 compared to the previous year. He was right – … Read more

Severe pilot shortage in the United States forces airlines to seek solutions

Airline pilots walk through Ronald Reagan Washington National Airport on December 27, 2021 in Arlington, Virginia. Anna Moneymaker | Getty Images The United States is facing its worst pilot shortage in recent memory, forcing airlines to cut flights just as travelers return after more than two years of the Covid-19 pandemic. The crisis pushes the … Read more