Business

Title: Tesla Inc. Shares Experience Significant Decline, Facing Challenges Amidst EV Industry Concerns Subtitle: Tesla investors brace for impact as the company’s shares plummet, but experts remain optimistic about a potential rebound. San Francisco, CA – Tesla Inc. investors have been hit hard this month with a staggering 26% drop in shares, resulting in a lost market valuation of $205 …

Title: FAA Grounds Boeing 737 Max 9 Planes Following Inspection In a recent development, the Federal Aviation Administration (FAA) has completed its preliminary round of inspections on 40 Boeing 737 Max 9 planes. However, the Max 9 aircraft, along with other models, will remain grounded until the FAA completes its inspection process for these planes. The FAA made this announcement …

Title: National Consumers League Sues Starbucks Over False Ethical Sourcing Claims In a major setback for Starbucks, the National Consumers League (NCL), a renowned consumer advocacy group, has filed a lawsuit against the coffee giant for allegedly misleading its customers with false claims of “100% ethical sourcing” on its coffee and tea products. The lawsuit, which has stirred up significant …

Walmart Unveils Range of Cutting-Edge Technologies at CES 2022 Las Vegas, NV – Walmart CEO Doug McMillon and other executives took the stage at this year’s Consumer Electronics Show (CES) in Las Vegas to showcase an array of groundbreaking technologies aimed at revolutionizing the shopping experience for customers. The retail giant highlighted its commitment to innovation by presenting augmented reality …

Title: Howard Marks Warns Investors of “Goldilocks Thinking” and Potential Stock Market Disappointment Renowned investor Howard Marks has recently cautioned stock market investors about falling into the trap of “Goldilocks thinking” regarding the current state of the economy. Marks believes that investors who subscribe to this belief are setting themselves up for potential losses and disappointment. In a recent analysis, …

Title: Global Economy Faces Slowest Growth in 30 Years Due to Multiple Challenges, Warns World Bank The global economy is expected to face its slowest growth since the pandemic, according to a warning issued by the World Bank. The institution predicts that global growth will reach a mere 2.4% in 2024, marking the weakest period of growth since the 2008 …

U.S. Regulators Weighing Decision on Kroger’s $24.6 Billion Purchase of Albertsons U.S. regulators are currently deliberating whether to block Kroger’s ambitious $24.6 billion acquisition of Albertsons, which would unite the two largest grocery store chains in America. This potential deal has garnered significant attention, and several state attorneys general have indicated their willingness to sue in order to halt the …

Title: SpaceX Files Lawsuit Against National Labor Relations Board Over Employee Firing Allegations In a bold move, Elon Musk’s SpaceX has taken legal action against the National Labor Relations Board (NLRB), filing a lawsuit to halt a case accusing the company of unlawfully terminating employees. The NLRB had issued a complaint, alleging that SpaceX violated federal labor law by firing …

Title: ASML Faces Pressure as US Attempts to Halt Chipmaking Equipment Shipments to China In a bid to bypass US export restrictions on China, NVIDIA has seemingly found a way around the regulations, offering the tech giant a potential advantage. However, ASML, the Dutch firm responsible for crucial chipmaking equipment, appears to be caught in the middle without much say …

US FDA Warns of Bacterial Contamination in Nutramigen Formula The US Food and Drug Administration (FDA) has issued a warning regarding the potential bacterial contamination of Reckitt/Mead Johnson’s Nutramigen Hypoallergenic Powdered Infant Formula Products. The manufacturers voluntarily recalled 675,030 cans of the formula on December 29 after the Israeli Ministry of Health notified the FDA that exported formula tested positive …