American Airlines strike, Nvidia's stock surge, and Trump Media's losses: The week's most popular stories
American Airlines flight attendants say they’re sleeping in cars because they can’t afford the cost of living
Modern air travel is often terrible. Cramped seats, tiny luggage compartments — the list goes on. Yet, most of us in those cramped seats actually have it far better than the folks strolling the aisles, who — at least on American Airlines flights — earn barely over $27,000 per year while forced to live in major metro areas, often sleeping in their cars to make up the cost difference.
Trump Media stock slumps 6% after a new audit confirms the company lost $58 million last year
Trump Media & Technology Group, the company behind former President Donald Trump’s social media site Truth Social, filed a re-audited version of its finances Monday — and the results weighed on the shares.
Nearly a fifth of America’s billionaires went to just 5 colleges
Out of the 813 billionaires in the U.S., nearly a fifth of them went to just a handful of colleges.
Nvidia’s stock surge means its employees are worth more than $100 million — each
The generative artificial intelligence boom has propelled chipmaker Nvidia to new highs, including entry to the $3 trillion market cap club. With an employee count just shy of 30,000, each of its employees is now worth over $100 million.
Wells Fargo fired more than a dozen employees for faking keyboard activity
Wells Fargo found that some of its employees were pretending to work — and sent them packing.
American Airlines flight attendants are picketing at airports before a potential strike
Flight attendants for American Airlines are picketing Thursday at several airports across the United States and in Guam to raise pressure on the airline’s management to finish negotiations on a new collective bargaining agreement and avert a strike. The demonstrations, part of a wider day of action for members of their union, the Association of Professional Flight Attendants, will take place at many major airports, including LaGuardia Airport in New York City, Los Angeles International Airport, and Chicago O’Hare International Airport.
Johnson & Johnson will pay $700 million to settle talc baby powder case
Johnson & Johnson has agreed to pay $700 million to settle a multistate case regarding the marketing of its baby powder products that contained talc and are believed to have harmed consumers.
GameStop stock is in free fall and ‘Roaring Kitty’ is running out of time
GameStop stock has been on a days-long plunge that could soon mean losses for Roaring Kitty’s portfolio.
Elon Musk wants SpaceX’s Starship to land on the Moon, Mars — and Uranus
Starship, a fully reusable megarocket developed by SpaceX, has completed just four live tests and broken the Earth’s atmosphere. But founder Elon Musk is shooting far above that — past the Moon, past Mars, and onto Uranus.
Nvidia stock is trading for the first time after its big stock split. Here’s what to know
Nvidia stock began trading for the first time following a 10-for-1 share split on Monday morning. The AI chipmaker’s shares were largely flat after markets opened, at $120 per share, after dropping about 1% in pre-market trading. The stock closed at $1,208.88 per share on Friday, meaning the starting post-split price on Monday would be $120.88.
Boeing sold only 4 new planes last month — and zero 737 Max jets
Boeing is still having a rough go of things as it tries to build itself back up after its door-plug blowout scandal. The Associated Press reported Tuesday that the plane maker only recorded four new orders for its passenger jets in May, with none of them being for the company’s 737 Max moneymakers. That would be the second month in a row in which that model received no new orders.
FedEx is laying off up to 2,000 employees
FedEx is looking to lay off thousands of workers across its back-office and commercial teams in Europe, the delivery giant said in a statement on Wednesday.
The U.S. is fighting high drug prices. Big Pharma isn’t sweating — yet
A key goal of the Biden administration has been to rein in healthcare costs. As the administration nears the end of its of its first term, Quartz talked to experts, industry analysts, and a government regulator to see how the industry has responded to federal policies to date — especially those aiming to drive down drug prices.
‘It’s getting harder to find gold,’ gold strategist says
There’s less gold out there to be mined. John Reade, chief market strategist for the World Gold Council, a group representing the interests of mining companies and other participants in the sector, told CNBC that mine production is stalling out despite some gains earlier this year.
Krispy Kreme stock pops after analysts say Ozempic won’t dampen the McDonald’s deal
Wall Street has an appetite for Krispy Kreme — and it’s pushing the doughnut maker’s stock up to its highest level in weeks.
Elon Musk repeatedly approached women at SpaceX for sex, report says
Elon Musk has repeatedly approached female employees at SpaceX, a company he founded and leads, for sexual activities and to have his children, according to a new report.
9 of the fastest speeding tickets ever issued in America
The United States may be the land of the free, but drivers aren’t free to go as fast as they would like. From sea to shining sea, people have been fined or even jailed for going twice or close to three times the posted speed limit. While not a conclusive list, I’m going to give a snapshot of the chaos that has occurred on our streets, roads and highways.
The most fuel-efficient cars in every category, according to Consumer Reports
When you’re shopping for a new car, price and practicality are important, but so is fuel economy. The Environmental Protection Agency provides fuel economy ratings for almost every vehicle currently on sale, but how does that translate to real life? Our friends over at Consumer Reports independently test new cars to see what kind of fuel economy they actually get in the real world and recently published a guide to the cars that perform the best in that particular test.
12 of the worst pickup trucks ever made
Pickup trucks: The car buying public loves them with some 12.3 million sold in 2023 alone. Some would assume that with all these sales, there can’t be a single pickup model on the market that’s bad. According to our readers though, you’d be wrong though.
BMW is slashing the price of its hybrid SUV XM up to $20,000 as drivers stay away
After showing a near production ready concept in 2021, BMW debuted the XM to gasps in 2022. It looked like nothing else on the road. Just over two years on the market and something about the XM seems to keep buyers away, so much so that BMW is throwing some big discounts on the hood to try and move some of these performance plug-in hybrids.