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Southwest's buy-one-get-one-free flights, a Boeing strike, a new weight loss drug: Business news roundup
https://qz.com/southwest-airlines-boeing-strike-weight-loss-drug-1851642094
Published: September 7, 2024 13:00
Southwest Airlines (LUV) is bringing back a promotion that lets customers bring a buddy for free. The company’s Companion Pass will allow members of its rewards program to access the feature. Read more...
The best cities for retirement, a $10-million cocktail, and Chipotle unitards: Lifestyle news roundup
https://qz.com/best-cities-retirement-chipotle-halloween-1851642098
Published: September 7, 2024 13:00
This Halloween, Chipotle wants to spice things up and do more than just feed customers; it wants to dress them, too.Read more...
Google's next trial, Tesla's AI future, and X's ad dollar bleed: Tech news roundup
https://qz.com/google-antitrust-trial-tesla-ai-elon-musk-x-advertising-1851642097
Published: September 7, 2024 13:00
Almost two years after CEO Elon Musk acknowledged that Tesla’s (TSLA) Smart Summon function wasn’t performing as well as hoped, the automaker has unveiled a new — and seemingly upgraded — version. Read more...
Trump Media stock sinks, Bitcoin stalls, Dollar Tree loses out to Walmart and Target: Markets news roundup
https://qz.com/trump-media-stock-sinks-bitcoin-stalls-dollar-tree-lo-1851642095
Published: September 7, 2024 13:00
Trump Media & Technology Group stock has been on a downward trend for weeks, hitting new low after new low for much of August. As the markets opened after Labor Day weekend, Trump Media sunk even further. Read more...
14 of the best entry-level sports cars on the market right now
https://qz.com/best-entry-level-sports-cars-1851639348
Published: September 7, 2024 11:00
You don’t need to have a multi-million-dollar supercar to have fun behind the wheel, I’m sure you’ll agree. There’s a lot to be said for a budget runaround that offers you an introduction to performance, better handling and fun when you’re out and about.…
Boeing steps up 777 'traveled work' despite its link to the 737 Max blowout
https://qz.com/boeing-777-traveled-work-1851642283
Published: September 6, 2024 20:22
A new report suggests Boeing (BA) is back to leaning on business practices that helped cause the 737 Max door plug blowout whichthrew its year into disarray. The Seattle Times reports that the planemaker is ramping up so-called out-of-order “traveled work”…
TSMC has good news as it looks to make chips in the U.S.
https://qz.com/tsmc-production-trial-yield-chips-arizona-taiwan-nvidia-1851642289
Published: September 6, 2024 20:11
Trial production yields at Taiwan Semiconductor Manufacturing Company’s (TSM) factory in Arizona are reportedly similar to those in Taiwan, as it anticipates billions in funding.Read more...
Silicon Valley has a wish list for Kamala Harris — immigration, abortion, and crypto top it
https://qz.com/kamala-harris-silicon-valley-vc-abortion-h1b-visas-tech-1851642199
Published: September 6, 2024 19:12
Venture capital, like any business, is often dominated by the loudest voices in the room — and many of those voices have lent their support to former President Donald Trump’s third White House bid.Read more...
Selena Gomez is now one of the youngest, self-made female billionaires
https://qz.com/selena-gomez-self-made-youngest-female-billionaires-1851642257
Published: September 6, 2024 18:40
Selena Gomez is many things: an actress, a singer, a chef, an Instagram icon, and a best friend to Taylor Swift. And now the “Only Murders in the Building” star can add another feather to her cap: she is one of America’s youngest self-made female…
Red Lobster is almost out of bankruptcy
https://qz.com/red-lobster-bankruptcy-exit-court-approval-retail-1851642204
Published: September 6, 2024 18:10
Red Lobster may finally be clawing its way out of bankruptcy after a judge approved the seafood chain’s reorganization plan.Read more...
The U.S. is ramping up chip export controls to curb China
https://qz.com/us-release-export-controls-chips-ai-quantum-computing-1851641981
Published: September 6, 2024 17:46
The U.S. has released its latest set of export controls on critical technologies as it steps up its efforts to curb China’s technological advances.Read more...
Teen vaping has hit a 10-year low
https://qz.com/youth-vaping-record-low-fda-cdc-1851642180
Published: September 6, 2024 17:45
Federal health authorities are celebrating that teenage vaping in the United States has reached a 10-year low.Read more...
Aldi is hiring a whopping 13,000 workers. Here's what's driving the boom
https://qz.com/aldi-is-hiring-a-whopping-13-000-workers-heres-whats-d-1851641923
Published: September 6, 2024 17:44
Discount grocer Aldi has big plans for its U.S. expansion, including a holiday hiring spree.Read more...
Air Canada is offering its pilots a huge raise to avoid a strike
https://qz.com/air-canada-pilots-raise-offer-strike-deadline-1851642053
Published: September 6, 2024 17:20
Air Canada is working hard to make its pilots happy, as labor negotiations with the union is coming down to the wire. Bloomberg reports that the airline is offering the workers a 30% pay raise to avoid a looming strike.Read more...
The Dow plummets 400 points as disappointing jobs data fuels a tech stock selloff
https://qz.com/jobs-report-dow-tech-ai-stocks-market-1851642140
Published: September 6, 2024 17:04
The Dow Jones Industrial Average tumbled more than 400 points on Friday, extending its decline as a weaker-than-expected August jobs report added to the ongoing selloff in AI and tech stocks. The latest drop adds further pressure on market that has already…
New York City Fashion Week is here – but has the annual event lost its shine?
https://qz.com/new-york-city-fashion-week-struggling-industry-celeb-1851642037
Published: September 6, 2024 16:20
New York City Fashion Week kicks off this weekend with shows featuring the designs of iconic brands including Tommy Hilfiger, Tory Burch, and Michael Kors. Read more...
Kamala Harris just got the endorsement of 88 business leaders, ranging from Yelp's CEO to Magic Johnson
https://qz.com/kamala-harris-endorse-business-leaders-yelp-blackstone-1851641949
Published: September 6, 2024 15:41
Vice President Kamala Harris’ presidential candidacy just got endorsed by almost 90 current and former top executives across corporate America, including high-profile CEOs and several longtime Democratic donors.Read more...
Shari Redstone is reportedly set to make $530 million from the Paramount-Skydance deal
https://qz.com/shari-redstone-530-million-merger-1851641873
Published: September 6, 2024 14:49
Shari Redstone, the chairman of Paramount Global (PARA) and its parent company National Amusements, is reportedly set to make about $530 million when the media giant’s merger deal with Skydance Media closes in 2025.Read more...
7-Eleven owner says no thanks to $38 billion buyout offer
https://qz.com/7-eleven-owner-rejects-takeover-offer-from-couche-tard-1851641845
Published: September 6, 2024 14:45
7-Eleven’s parent company, Seven & i Holdings (SVNDY), has rejected a $38 billion (£29.2bn) buyout offer from Canadian convenience store operator and competitor Alimentation Couche-Tard (ACT) (ACT).Read more...
Toyota's EV targets were already low. Now they're getting slashed as hybrids rule
https://qz.com/toyota-ev-electric-car-targets-hybrids-1851641884
Published: September 6, 2024 14:36
Toyota (TM) has already proven that its decision to focus on hybrid vehicles over fully-electric models is paying off. The company’s sales are booming as hybrid options like the Prius and Rav4 fly off forecourts and now, it’s knuckling down on that…
Intel's faltering business is attracting another chipmaker
https://qz.com/qualcomm-interested-buy-parts-intel-business-ai-chips-1851641782
Published: September 6, 2024 14:24
As Intel (INTC) looks for options to fix its faltering business, another chipmaker is reportedly interested in buying some of its chip design units.Read more...
Google has abused its power over the ad tech sector for almost a decade, British regulator says
https://qz.com/google-ad-tech-anticompetitive-abuse-power-uk-cma-1851641780
Published: September 6, 2024 14:10
A British regulator on Friday said Google (GOOGL) has abused its dominant position in digital advertising to restrict competition and harm since at least 2015. Read more...
The government thinks there's some funny business going on in America's frequent flyer programs
https://qz.com/airline-rewards-cards-buttigieg-letters-1851641743
Published: September 6, 2024 13:51
The Department of Transportation is looking into whether America’s largest airlines are treating their most loyal customers fairly. The investigation revolves around frequent flyer rewards programs, with an emphasis on the credit cards associated with…
The FDA has an inspector shortage now that the low-paid workers have shifted to the private sector
https://qz.com/fda-inspections-drug-makers-worker-shortage-1851641665
Published: September 6, 2024 13:45
Some 2,000 drug-making firms haven’t had their operations inspected by federal regulators in years, as Food and Drug Administration inspectors leave the agency for better jobs in the private sector.Read more...
The IRS got $1.3 billion in unpaid taxes from rich Americans
https://qz.com/irs-treasury-department-unpaid-taxes-wealthy-ira-1851641684
Published: September 6, 2024 12:45
The Internal Revenue Service launched a crackdown on rich Americans who don’t pay their taxes under the Inflation Reduction Act. In less than a year, the agency has recovered more than $1 billion.Read more...
A semiconductor maker expects to make $12 billion from AI this year
https://qz.com/broadcom-q3-2024-ai-chips-sales-revenue-guidance-1851641657
Published: September 6, 2024 12:00
The artificial intelligence boom is already making semiconductor maker Broadcom (AVGO) billions in revenues.Read more...
Check out this $80 million Airbus private jet that comes with 3 bathrooms and 2 full-size beds
https://qz.com/airbus-private-jet-has-3-bathrooms-and-2-full-size-beds-1851641654
Published: September 6, 2024 11:59
If you want to buy this airplane (or one like it) and travel in the lap of luxury, it’ll cost you at least $80,000,000. The average American worker would have to spend approximately 1,200 years laboring in order to buy this plane, assuming they never spend…
The top 10 business schools for career growth
https://qz.com/top-10-mba-programs-globally-linkedin-report-1851640783
Published: September 6, 2024 09:00
Pursuing a Master of Business Administration (MBA) can be a powerful investment for career development.Read more...
'Founder mode': What's behind Silicon Valley's latest obsession?
https://qz.com/manager-mode-founder-mode-startups-1851641323
Published: September 6, 2024 09:00
Yet another new buzzword has hit the world of startups, dividing the already fractious Silicon Valley community over the best way to manage a growing company.Read more...
Russia has too much gas and can't export it
https://qz.com/russia-sanctions-natural-gas-lng-2-1851641392
Published: September 5, 2024 21:25
American sanctions might be giving the Kremlin a major export blockage. The Financial Times reports that Russia has taken to storing natural gas pumped from the Arctic Circle because getting it to customers has proven too difficult.Read more...
Boeing's stranded Starliner spacecraft will have a very fast undocking from the ISS
https://qz.com/boeing-starliner-nasa-iss-return-1851641426
Published: September 5, 2024 21:07
With NASA announcing that astronauts Butch Wilmore and Suni Williams will return to Earth next March on SpaceX’s Crew-9 mission, the focus quickly shifted to what will happen to the beleaguered Boeing Starliner. The space agency plans to autonomously…
What do Taylor Swift and Oasis have in common? Outraged fans and trouble for Ticketmaster
https://qz.com/ticketmaster-oasis-tour-investigation-taylor-swift-doj-1851641299
Published: September 5, 2024 20:40
Oasis fans are looking back in anger after spending up to 15 hours trying to purchase a ticket to the band’s reunion tour through Ticketmaster.Read more...
Startup says Nvidia and Microsoft 'formed an illegal cartel' in patent infringement lawsuit
https://qz.com/nvidia-microsoft-antitrust-patent-infringement-xockets-1851641274
Published: September 5, 2024 20:29
Two of the undoubted leaders of the generative artificial intelligence boom are being accused by a startup of monopolistic practices, patent infringement, and violating federal antitrust laws.Read more...
Trump's new crypto project could be decentralized in name, centralized in reality
https://qz.com/trump-crypto-project-held-by-70-percent-insiders-report-1851641259
Published: September 5, 2024 19:54
Former President Donald Trump, alongside his sons, is diving deeper into the world of cryptocurrency with an upcoming platform called World Liberty Financial. The pitch? Empowering everyday people and challenging the “rigged” traditional finance system.…
Hermès stock is so valuable that even the founder’s distant Gen Z cousins are millionaires
https://qz.com/gen-z-cousins-hermes-family-overnight-millionaires-1851641200
Published: September 5, 2024 18:49
We’ve all dreamed of becoming wealthy through gifts or inheritances from a distant, well-to-do relative – but for a group of French Gen Z-ers, this dream has become a reality. Well, sort of.Read more...
Nvidia stock is navigating one of its most turbulent weeks ever
https://qz.com/nvidia-stock-price-plunge-subpoena-turbulent-week-ai-1851641131
Published: September 5, 2024 18:43
Read more...
Housing inventory hit its highest level since May 2020
https://qz.com/housing-inventory-market-mortgage-rates-1851641100
Published: September 5, 2024 18:35
Following 10 consecutive months of housing inventory growth, the number of U.S. homes actively for sale in August reached its highest level since May 2020, according to Realtor.com (NWSA) data released Thursday.Read more...
Family offices now rival hedge funds as a way for the ultra-rich to hoard their wealth
https://qz.com/wealth-held-family-offices-expected-to-reach-trillion-1851640926
Published: September 5, 2024 17:32
The richest families in the world are projected to see their wealth grow even more – ultimately reaching $9.5 trillion by 2030 – as single-family offices continue to grow and expand their assets, according to a new report from Deloitte.Read more...
Trump says Elon Musk has agreed to lead a commission to slash government spending
https://qz.com/donald-trump-elon-musk-commission-federal-spending-1851641038
Published: September 5, 2024 17:25
Former President Donald Trump said that Tesla (TSLA) and SpaceX Elon Musk has agreed to lead a new government commission in his potential administration — as long as he has the time. Read more...
OpenAI reached 1 million paid users for ChatGPT — and it could start charging more
https://qz.com/openai-chatgpt-enterprise-team-edu-paid-users-million-1851640780
Published: September 5, 2024 17:20
A year after launching the first business version of its generative artificial intelligence-powered chatbot, OpenAI said it has reached over one million paid users for its subscription-based services.Read more...
Kroger's CEO says he'll cut grocery prices after merging with Albertsons
https://qz.com/kroger-alberstons-merger-ceo-rodney-mcmullen-price-cuts-1851640522
Published: September 5, 2024 16:58
Kroger CEO Rodney McMullen promises that merging with Albertsons will lead to substantial price cuts. Read more...
Snapchat was sued for allowing 'sextortion' and sexual abuse targeted at children
https://qz.com/snap-snapchat-new-mexico-doj-lawsuit-1851640859
Published: September 5, 2024 16:25
The New Mexico Department of Justice filed a lawsuit against Snap (SNAP), the parent company of popular photo messaging app Snapchat, Thursday over features that allegedly foster sexual abuse.Read more...
A Hong Kong engine fire is causing headaches for Airbus
https://qz.com/airbus-a350-european-inspections-hong-kong-1851640589
Published: September 5, 2024 15:43
Europe fears that Airbus’s (AIR) problems with its double-aisle jetliner might be more widespread than a single worrying incident in Hong Kong. The South China Morning Post reports that the European Union Aviation Safety Agency will be grounding many of…
Abbott just launched a $49 continuous glucose monitor — for people without diabetes
https://qz.com/abott-lingo-continous-glucose-monitor-1851640745
Published: September 5, 2024 15:17
Abbott Laboratories (ABT) launched today its first over-the-counter continuous glucose monitor aimed at consumers without diabetes.Read more...
Tesla's AI roadmap gives a glimpse into the company's future
https://qz.com/tesla-ev-artificial-intelligence-fsd-china-europe-musk-1851640563
Published: September 5, 2024 15:05
Tesla’s artificial intelligence team on Thursday released its roadmap for the next several months, reaffirming its goal to launch the company’s self-driving technology in two new markets early next year. Read more...
Kamala Harris is pro-business, according to Mark Cuban
https://qz.com/harris-campaign-capital-gains-corporate-tax-business-1851640741
Published: September 5, 2024 15:05
Vice President Kamala Harris is looking to be a business-friendly presidential candidate, at least when compared with President Joe Biden.Read more...
JetBlue says it actually got a boost from the CrowdStrike meltdown
https://qz.com/jetblue-guidance-update-crowdstrike-1851640606
Published: September 5, 2024 15:01
A nice fiscal tailwind is helping out JetBlue Airways, the company told investors Thursday. It said in a securities filing that it expects its third-quarter 2024 revenue to be higher than last year instead of lower — thanks in part to a boost from its…
Automakers have been ditching EVs for hybrids and it's already paying off
https://qz.com/evs-hybrids-car-sales-toyota-hyundai-kia-honda-1851640730
Published: September 5, 2024 14:50
Hybrids have pulled Toyota out of a two-month rut and are helping Hyundai and Kia post record sales numbers for August. That’s not too shabby for a vehicle type that is quickly being seen as a really strong compromise between regular internal…
'Easier soft landings to land than this one have been derailed,' Chicago Fed President Austan Goolsbee says
https://qz.com/soft-landing-us-economic-recovery-geopolitics-elections-1851639945
Published: September 5, 2024 14:08
An elusive soft landing, in which inflation falls without a recession, is in sight for the U.S. economy. But even with inflation finally coming in below 3% and production still strong, Austan Goolsbee, president of the Federal Reserve Bank of Chicago,…
More than a quarter of marketers plan to slash spending on Elon Musk's X next year
https://qz.com/elon-musk-x-twitter-ads-marketers-lower-spending-trust-1851640460
Published: September 5, 2024 13:15
More than a quarter of global marketers plan to spend less money taking out ads on Elon Musk’s X next year, as trust in the social media platform continues to crater. Read more...
America's biggest economic challenge in 2025, according to Chicago Fed President Austan Goolsbee
https://qz.com/american-economy-challenges-inflation-rates-recession-1851639938
Published: September 5, 2024 13:11
As inflation trends toward the Federal Reserve’s 2% target and the economy shows considerable signs of cooling, an interest rate cut later this month seems all but certain.Read more...
Tesla fanboy claims he complained about his Cybertruck then got ‘shadowbanned’ from X
https://qz.com/cybertruck-owner-says-he-got-shadowbanned-from-x-afte-1851640430
Published: September 5, 2024 12:44
It’s tough being a Tesla (TSLA) fan these days, you’ve got to defend the company’s combusting cars, its CEO that keeps dragging the brand through the gutter and years-long delays to almost every product it announces. Now, it turns out that if you even…
Verizon will buy rival Frontier Communications for $20 billion to grow its fiber network
https://qz.com/verizon-frontier-acquisition-at-t-fiber-fios-network-1851640416
Published: September 5, 2024 12:30
Verizon Communications (VZ) said Thursday that it plans to acquire Frontier Communications (FYBR) for $20 billion in cash, as the carrier looks to expand its network. Read more...
Google is gearing up for another big antitrust trial. Analysts say the impact will be 'minimal'
https://qz.com/google-adtech-market-antitrust-trial-doj-wedbush-1851640403
Published: September 5, 2024 12:10
Google’s second major antitrust trial this year, this time focusing on its dominance in the advertising market, is set to start next Monday. But Wedbush analysts aren’t too concerned with the business impacts of the case.Read more...
Eli Lilly's experimental weekly insulin works just as well as daily doses, more clinical trials find
https://qz.com/eli-lilly-efistora-trial-results-1851640173
Published: September 5, 2024 10:45
A new experimental insulin could some day reduce daily injections to weekly ones for people that depend on the life-saving drug.Read more...
The 10 wealthiest sports franchise owners in America
https://qz.com/the-ten-wealthiest-sports-franchise-owners-in-america-1851640125
Published: September 5, 2024 09:00
Despite underperforming while on the field, the Dallas Cowboys continue to keep their owner Jerry Jones a very wealthy man.Read more...
Chicago Fed President Austan Goolsbee on interest rates, economic challenges — and vibes
https://qz.com/chicago-fed-president-austan-goolsbee-interest-rates-1851636725
Published: September 5, 2024 09:00
The Federal Reserve is the slow and steady hand guiding the U.S. economy. It shepherded the country out of a pandemic-induced recession, and so far has helped tame inflation without tipping the economy into a downturnRead more...
The 10 most on-time airports in America
https://qz.com/airports-on-time-ranking-faa-1851635914
Published: September 5, 2024 09:00
One of the ironies of the Seattle-Tacoma International Airport cyberattack and its days-long delays is that it marred SeaTac’s reputation for being a fairly on-time airport. The Federal Aviation Administration tracks when airlines take off from which…
Half of Americans will start their holiday shopping even before Halloween
https://qz.com/holiday-shopping-early-deals-savings-christmas-1851638641
Published: September 5, 2024 04:01
Almost half of Americans plan to start their holiday shopping by Halloween this year — and they’re worried about overspending.Read more...
Nvidia says it wasn't subpoenaed by the Justice Department
https://qz.com/nvidia-says-not-subpoenaed-justice-department-antitrust-1851640153
Published: September 4, 2024 21:43
A day after Nvidia (NVDA) was reported to have been subpoenaed by the U.S. Justice Department in its antitrust probe, the chipmaker says it actually has not be subpoenaed. Read more...
Most Americans do not feel rich with a million dollars, survey finds
https://qz.com/american-millionaires-do-not-feel-wealthy-1851640174
Published: September 4, 2024 21:01
Read more...
Chalk: Blackboards and beyond
https://qz.com/emails/quartz-obsession/1851639859/chalk-blackboards-and-beyond
Published: September 4, 2024 20:15
The instrument of intellectualsRead more...
U.S. Steel stock sinks on reports that Biden will reject Nippon Steel takeover
https://qz.com/u-s-steel-stock-sinks-biden-block-nippon-takeover-1851640021
Published: September 4, 2024 19:49
U.S. Steel (X) stock sank more than 18% Wednesday afternoon after news broke that the Biden Administration was preparing to stop Nippon Steel from purchasing the manufacturing giant.Read more...
Almost all new car sales in Norway last month were EVs
https://qz.com/almost-all-new-car-sales-in-norway-last-month-were-evs-1851639882
Published: September 4, 2024 18:50
More than 94% of the new cars registered in Norway last month were electric vehicles, an all-time high for the Scandinavian nation quickly adapting to the EV future.Read more...
Volkswagen is running out of time
https://qz.com/volkswagen-factory-shutdown-workers-sales-evs-rivian-1851639250
Published: September 4, 2024 18:48
Volkswagen — Europe’s largest automaker — is running out of time to turn itself around, according to its finance chief, as the German firm faces its first-ever factory shutdown. Read more...
Chipotle unitards are coming
https://qz.com/chipotle-halloween-costumes-bodysuits-spirit-halloween-1851639803
Published: September 4, 2024 18:16
This Halloween, Chipotle wants to spice things up and do more than just feed customers; it wants to dress them, too.Read more...
A home isn't the first thing Americans want when interest rates drop
https://qz.com/interest-rates-federal-reserve-cuts-american-spending-1851639757
Published: September 4, 2024 17:37
Most Americans plan to take some type of financial action once interest rates go down. But while the housing market has been a core focus when it comes to affordability and rates, buying a home is apparently nowhere near the top of people’s priorities.Read…
Researchers say their new brain chip tech rivals Elon Musk's Neuralink
https://qz.com/neuralink-elon-musk-research-electrode-eth-zurich-bci-1851639640
Published: September 4, 2024 17:04
A team of scientists at ETH Zurich say they’ve developed a new type of electrode that rivals those used by other groups working on “brain pacemakers” and related tech, including Elon Musk’s Neuralink. Read more...
Researchers strained to find evidence banks' climate commitments make a difference
https://qz.com/banks-climate-lending-economics-research-paper-1851639660
Published: September 4, 2024 16:50
As the world desperately seeks to avoid irreversible climate catastrophe, many have looked to the financial sector to help guide capital towards solutions and away from heavily carbon-emitting industries. But recent research suggests that visible bank…
Southwest Airlines is offering buy-one-get-one-free flights
https://qz.com/southwest-airlines-companion-pass-fall-2024-1851639460
Published: September 4, 2024 16:45
Southwest Airlines (LUV) is bringing back a promotion that lets customers bring a buddy for free. The company’s Companion Pass will allow members of its rewards program to access the feature.Read more...
Volvo rescinds its goal of full electrification by 2030
https://qz.com/volvo-walks-back-ev-pledge-full-electrification-2030-1851639598
Published: September 4, 2024 15:57
Volvo Cars has walked back its plan to only sell electric vehicles by 2030. The automaker said on Wednesday that it wants to be more “pragmatic and flexible” with its eco-conscious goals, even as leading climate scientists say they anticipate global…
Nordstrom's founders are offering $3.8 billion in cash to take it private
https://qz.com/nordstrom-founder-billion-dollar-bet-to-reclaim-privacy-1851639538
Published: September 4, 2024 15:45
Nordstrom (JWN) really wants to go private (again).Read more...
Nvidia's stock plunge reportedly cost CEO Jensen Huang $9.8 billion in a day
https://qz.com/nvidia-stock-plunge-ceo-jensen-huang-lose-10-billion-1851639520
Published: September 4, 2024 15:38
Despite another record quarter that beat earnings estimates, shares of Nvidia (NVDA) have suffered — and the latest sell-off reportedly cost its chief executive almost $10 billion.Read more...
Former OpenAI chief scientist's startup raises $1 billion
https://qz.com/openai-chief-scientist-ilya-sutskever-ai-startup-ssi-1851639351
Published: September 4, 2024 15:15
As the advent of generative artificial intelligence raises safety concerns, a new startup developing safe AI systems has raised $1 billion.Read more...
Bitcoin slips to $56,000—an analyst is blaming a 'sell the news' effect
https://qz.com/bitcoin-drops-tech-and-ai-stocks-sell-off-continues-1851639522
Published: September 4, 2024 14:59
Bitcoin plunged deep into the red Wednesday morning, dropping nearly 4% to $56,000, as a massive sell-off in the stock market followed disappointing U.S. macroeconomic data. The ripple effect was felt across the crypto market, with Ether, the…
Dollar Tree stock drops 10% because shoppers are going to Walmart and Target instead
https://qz.com/dollar-tree-q2-2024-stock-slips-walmart-target-retail-1851639407
Published: September 4, 2024 14:51
Dollar Tree says it’s struggling to connect with “middle and upper-income” consumers; it’s one reason why the discount retailer anticipates sales will continue to decline.Read more...
A Kamala Harris win and a Democratic sweep would give the biggest boost to the economy, Goldman Sachs says
https://qz.com/kamala-harris-donald-trump-gdp-economy-goldman-sachs-1851639343
Published: September 4, 2024 14:44
According to Goldman Sachs (GS), the best outcome of the 2024 election — for the U.S. economy — would be an overwhelming victory for Vice President Kamala Harris and her Democratic allies. Read more...
Lyft is laying off workers and doubling down on e-bikes
https://qz.com/lyft-layoffs-citibike-ebikes-1851639456
Published: September 4, 2024 14:30
Lyft (LYFT) is laying off around 1% of its workforce and selling some assets as it restructures its bike and scooter operations.Read more...
A new weight loss drug from an Eli Lily partner targets the elderly
https://qz.com/bioage-labs-ipo-eli-lilly-1851639422
Published: September 4, 2024 14:20
BioAge Labs, a biopharmaceutical startup focused on obesity drugs and an Eli Lilly (LLY) collaborator, filed for an initial public offering on Tuesday, according to a filing with U.S. Securities and Exchange Commission.Read more...
Only one-third of U.S. millionaires actually feel 'wealthy'
https://qz.com/american-millionaires-wealthy-northwestern-mutual-study-1851639339
Published: September 4, 2024 13:50
Americans don’t feel rich with $1 million these days.Read more...
These are the U.S. cities with the best commutes
https://qz.com/us-cities-best-commutes-lyft-1851639240
Published: September 4, 2024 13:25
Working from home may be increasingly common, but tens of millions of Americans are still commuting to work every day. And not all commutes are created equal.Read more...
Blackstone just made a $16 billion bet on AI
https://qz.com/blackstone-airtrunk-acquisition-ai-data-centers-1851639254
Published: September 4, 2024 12:30
Blackstone (BX) is buying Australian data center company AirTrunk for $16.1 billion, as the asset management giant hopes to establish itself as a data platform leader in the artificial intelligence boom.Read more...
Nvidia earnings tell Big Tech to keep spending on AI, strategist says
https://qz.com/nvidia-earnings-tell-big-tech-to-keep-spending-on-ai-s-1851638921
Published: September 4, 2024 09:00
Read more...
A guide to handling crypto during a divorce
https://qz.com/deal-cryptocurrency-during-a-divorce-1851634146
Published: September 4, 2024 09:00
Going through a divorce can be a complicated, stressful, and drawn-out process. One of the most critical aspects that divorcing spouses must address is their finances. While managing traditional assets can be relatively straightforward, the rise of…
See inside the dorm rooms that college students are paying $10,000 to customize
https://qz.com/college-dorms-custom-elaborate-expensive-tiktok-1851639021
Published: September 4, 2024 09:00
Attending college may already be the most expensive experience that the average young adult can have, but for some students, that expense extends far beyond the cost of tuition, room, and board. Read more...
Big tech will go full speed ahead on AI spending after Nvidia's earnings, strategist says
https://qz.com/nvidia-earnings-report-big-tech-ai-risks-of-investing-1851638993
Published: September 4, 2024 09:00
Kristina Hooper, Chief Global Market Strategist at Invesco (IVZ), spoke with Quartz for the latest installment of our “Smart Investing” video series.Read more...
Boeing's Starliner is being haunted by unexplained noises
https://qz.com/boeing-starliner-strange-noises-1851639099
Published: September 3, 2024 22:00
The Boeing Starliner has been, in technical terms, a bit of a clusterfuck. Its development was hamstrung by Boeing’s greed, and now the spaceship is stuck on the International Space Station unable to transport its astronauts home. The ship is now scheduled…
'TSA tray aesthetic' is a thing
https://qz.com/tsa-tray-aesthetic-instagram-tiktok-1851639094
Published: September 3, 2024 21:56
Gray airport security trays are the modern silver platter for social media influencers this summer. Photos of luxury goods artfully posed in the checkpoint bins took over certain corners of Instagram and other platforms. While the “TSA tray aesthetic”…
Amazon is adding more 'Just Walk Out' stores to NFL stadiums and college campuses
https://qz.com/amazon-just-walk-out-tech-nfl-stadiums-college-campuses-1851638943
Published: September 3, 2024 21:40
Amazon (AMZN) plans to install more of its Just Walk Out technology at NFL stadiums and college campuses throughout the U.S. the fall, the company said in a statement on Tuesday.Read more...
Nvidia has been subpoenaed by the Justice Department in its antitrust probe
https://qz.com/nvidia-subpoena-us-justice-department-antitrust-probe-1851639016
Published: September 3, 2024 21:38
A week after reporting another record quarter, chipmaker Nvidia (NVDA) has reportedly been subpoenaed by the U.S. Department of Justice over complaints that it is violating antitrust laws. Read more...
There is no link between mobile phone use and brain cancers, WHO-funded study says
https://qz.com/mobile-phone-brain-cancer-who-1851638986
Published: September 3, 2024 20:45
There is no link between mobile phone use and brain cancer, according to a new analysis commissioned by the World Health Organization (WHO) and published in the scientific journal Environment International.Read more...
The biggest winner at the U.S. Open isn't a player. It's a $10 million cocktail
https://qz.com/us-open-honey-deuce-cocktail-10-million-sales-consumers-1851638820
Published: September 3, 2024 20:03
The U.S. Open has one cocktail that’s well on its way towards outpacing the combined prize money for both singles champions.Read more...
Elon Musk’s AI supercomputer is here
https://qz.com/elon-musk-xai-nvidia-chips-supercomputer-online-grok-ai-1851638788
Published: September 3, 2024 20:03
Elon Musk launched his artificial intelligence startup xAI last July, and it now has “the most powerful AI training system in the world.” Read more...
The Memo: Summer’s over, workcations aren’t
https://qz.com/emails/quartz-at-work/1851638092/the-memo-summer-s-over-workcations-aren-t
Published: September 3, 2024 19:45
Hello, Memo readers!Read more...
Mansion with 24 bathrooms, gated villas, and a Neo-Renaissance townhouse: this week's most fabulous real estate listings
https://qz.com/weeks-most-fabulous-real-estate-listings-september-1851638849
Published: September 3, 2024 19:35
Each week Quartz highlights the most luxurious real estate listings across the country. These properties feature remarkable views, enviable locations and lavish amenities —and they’re on the market right now. Check out the best homes on the market with…
Bitcoin ATM scams surge to $110 million in 2023 — is your crypto safe?
https://qz.com/bitcoin-atm-scams-110-million-in-2023-1851638807
Published: September 3, 2024 19:02
A recent report from the Federal Trade Commission (FTC) highlights a significant surge in Bitcoin ATM-related scams. Consumer losses have skyrocketed nearly tenfold since 2020, and in 2023 alone, reported losses exceeded $110 million. This alarming trend…
The Fed's interest rate cut will be good for stocks — but this strategist is still worried
https://qz.com/federal-reserve-interest-rate-cut-stocks-markets-1851638806
Published: September 3, 2024 19:00
Kristina Hooper, Chief Global Market Strategist at Invesco, spoke with Quartz for the latest installment of our “Smart Investing” video series.Read more...
The average house payment is now half of a first-time buyer's income
https://qz.com/average-monthly-housing-costs-median-income-nerdwallet-1851638778
Published: September 3, 2024 18:36
The housing market is finally showing early signs of easing for people looking to buy a home. But for first-time buyers, prospects have been bleak so far this year.Read more...
California works to contain bird flu in its dairy farms
https://qz.com/california-works-to-contain-bird-flu-in-its-dairy-farms-1851638773
Published: September 3, 2024 18:02
Read more...
It has never been about the gasoline for Buc-ce's Stations - here's why that's a winning business model
https://qz.com/never-been-about-the-gasoline-for-buc-ces-stations-1851638759
Published: September 3, 2024 17:58
Rivalries between regional gas station chains, like Buc-ee’s in Texas or Sheetz and Wawa on the East Coast, reached a fever pitch in recent years. While regional pride played a factor in the rivalries that developed between brand fans, the drive to draw…
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