Business
Mark Zuckerberg has reached an agreement with Meta to remain in California after raising the possibility of leaving the state amid concerns over a proposed billionaire wealth tax. Zuckerberg, Meta’s CEO, previously told the company he was considering moving his primary residence outside California because of Proposition 40, a ballot…
Tesla CEO Elon Musk said demand for the company’s electric vehicles is significantly outpacing production, pointing to growing interest in Full Self-Driving technology as the automaker prepares to expand its Cybercab service to Dallas next month. Musk touted what he described as a “very strong” third quarter during Tesla’s earnings…
Airbnb is taking aim at checkout chore lists, telling hosts that guests generally shouldn’t have to strip beds, wash dishes or haul garbage off site before heading home. The vacation rental platform announced the changes Tuesday as part of an overhaul of its house rules, drawing a clearer line between…
Sen. Bernie Moreno, R-Ohio, said he plans to introduce legislation that would expand eligibility for Trump Accounts, currently available to children under 18, to Americans under the age of 40. Trump Accounts can be established for eligible children under 18, while U.S. citizen children born between 2025 and 2028 are…
Meta Platforms has been ordered to pay $25 billion after a New Mexico jury found the company misled Facebook users over its handling of personal data and other practices in a case stemming from the Cambridge Analytica scandal. New Mexico Judge Francis Mathew issued the penalty Wednesday after jurors found…
Elon Musk vowed to push back on Democratic lawmakers who may seek to use oversight powers against him if they’re able to gain control of one or both chambers of Congress. Musk responded to a story by Politico that detailed how Democrats have considered ways in which they could investigate…
United Airlines CEO Scott Kirby on Wednesday reiterated his support for a wealth tax as a matter of fairness amid criticism over his comments given his compensation. Kirby said in an interview with CNBC’s “Squawk Box” that his prior comments in favor of a wealth tax were in response to…
The Department of Energy (DOE) on Wednesday announced plans to loan up to about one-third of the U.S. emergency heating oil reserve in an effort to ease price pressures facing consumers as global conflicts constrain energy supplies. The announcement indicated that the DOE will loan up to 315,000 barrels of…
United Airlines CEO Scott Kirby is facing criticism over his support for a national wealth tax and inheritance taxes approaching 100%, with a senior Justice Department official joining the backlash by taking a jab at the airline’s service. Harmeet K. Dhillon, assistant attorney general for the Justice Department’s Civil Rights…
Boeing’s largest 737 MAX aircraft has received Federal Aviation Administration certification, clearing the way for deliveries of a jet with 1,555 orders that represent a third of the company’s outstanding 737 MAX order book. The FAA announced Tuesday that it had certified the 737 MAX 10 after years of regulatory…