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Cg Tan | E+ | Getty Images Millionaires are increasingly dissatisfied with their wealth managers and accountants, but they prize their personal trainers and therapists, according to a new survey. Only a third of millionaires use a wealth advisor for their financial planning and 1 in 5 plan to fire their advisor due to high costs and poor service,…
Rivian has given its founder and CEO RJ Scaringe a new performance-based stock award that could ultimately be worth around $5 billion if all the underlying goals are met, according to a new filing. Scaringe’s salary is also being doubled to $2 million per year, and he was given a 10% stake in Rivian’s newest…
It’s been a brutal week for tech stocks, with AI-linked names tumbling across the board despite strong earnings from several industry leaders — a clear sign investors are starting to question whether the artificial intelligence boom has run too far, too fast. By midday Friday, the Nasdaq 100 – as tracked by the Invesco QQQ…
Consumer sentiment in the United States has fallen to a near-record low and Americans’ view of current economic conditions has deteriorated under President Donald Trump’s administration, which is overseeing and contributing to price increases, large-scale layoffs, looming insurance premium hikes, and devastating cuts to food aid. The University of Michigan’s closely watched Surveys of Consumers…
Wendy’s is set to close hundreds of locations across the United States. According to CNN, Ken Cook, interim CEO for the fast-food chain, announced Friday that a “mid single-digit percentage” of Wendy’s approximately 6,000 US locations could close, which equals about 200 to 350 restaurants. The closures will begin this year and continue through 2026,…
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Nvidia (NVDA +0.03%) has been the stock of the moment for several years already as its artificial intelligence (AI) chips drive advances in the industry. Nvidia stock is up 1,230% over the past three years alone, and it’s the first stock to reach $5 trillion in value. However, it looks like the future is still…
Consumers may be rattled by inflation and fears about the economy, but that hasn’t stopped them from flocking to Starbucks for the coffee chain’s latest limited offering: a 20-ounce cup shaped like a teddy bear. Starbucks unveiled on Wednesday its “Bearista Cold Cup,” selling for $29.95. The item sold out within hours, with some customers…
(Editor’s note: The future prices of benchmark tracking ETFs, the lede, and headline were updated in the story.) U.S. stock futures turned negative after initial positive moves on Friday following Thursday’s declines. Futures of major benchmark indices were lower. Thursday’s action was part of a broad selloff across Wall Street that saw U.S. stocks settle…
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NEW YORK (AP) — Consumer sentiment dropped to a three-year low and close to the lowest point ever recorded by the University of Michigan one month into the government shutdown, with pessimism over personal finances and anticipated business conditions weighing on Americans. The November survey showed the index of consumer sentiment at 50.4, down a…
Nikita YadavBBC News, Delhi Future Publishing via Getty Images Starting this week, millions of Indians will get one year of free access to ChatGPT’s new, low-cost “Go” AI chatbot. The move follows similar announcements in recent weeks from Google and Perplexity AI, who have partnered with local Indian mobile companies to give users a year…
The Mega Millions jackpot has soared to an estimated $900 million after there was no big winner in the latest drawing. About $843 million was up for grabs in Friday night’s drawing – the eighth largest jackpot in the history of the game. The next drawing is on Tuesday. It will have a cash option…
U.S. airlines canceled more than 2,500 weekend flights by Saturday evening as the Federal Aviation Administration’s mandate to reduce air traffic because of the government shutdown showed no signs of easing. The slowdown at many of the nation’s busiest airports did not cause immediate widespread disruptions. But it deepened the impact felt by the nation’s…
The deal caps a dramatic takeover battle in which Ozempic maker Novo Nordisk gatecrashed an earlier bid © FT montage/Getty Images Pfizer has clinched a deal worth up to $10bn to buy weight-loss start-up Metsera, capping a dramatic takeover battle after Ozempic maker Novo Nordisk tried to gatecrash its earlier bid. After a week-long bidding…
OpenAI has asked the Trump administration to revamp a Chips Act tax credit to help lower the cost of artificial intelligence infrastructure, as the startup explores additional ways the US government can support an industrywide data center build-out for AI. In a letter last week to White House Office of Science and Technology Policy Director…
Ever wished you could have a pie flavored like Mountain Dew’s bluest flavor? Well, even if you haven’t, Taco Bell has you covered. The fast food chain released its Baja Blast pie on Thursday, just in time for you to bring it to your Friendsgiving, the company said. Taco Bell first announced the Mountain Dew…
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Seven families filed lawsuits against OpenAI on Thursday, claiming that the company’s GPT-4o model was released prematurely and without effective safeguards. Four of the lawsuits address ChatGPT’s alleged role in family members’ suicides, while the other three claim that ChatGPT reinforced harmful delusions that in some cases resulted in inpatient psychiatric care. In one case,…
Miro Vrlik Photography/Shutterstock Once famous for its “Where’s the beef?” campaign, Wendy’s has announced it will be trimming some of the fat from its national footprint. On a recent quarterly earnings call, Interim CEO Ken Cook told investors the company plans to begin closing many locations that aren’t meeting sales expectations this year, with more…
MacKenzie Scott has been one of the biggest names in philanthropy in 2025. The billionaire novelist, philanthropist, and ex-wife to Amazon founder Jeff Bezos has donated hundreds of millions of dollars just in the past few months—but since 2020, she’s donated an eye-popping $19.25 billion. Scott came to much of her fortune through her connection…
The Federal Aviation Administration ’s unprecedented order to scale back flights nationwide because of the record-long government shutdown took effect Friday morning, with some passengers trying to figure out backup travel plans. Airlines scrambled to adjust their schedules and began canceling flights Thursday in anticipation of the FAA’s official order, while travelers with plans for…
A risk-off week on Wall Street is drawing to a close, with some of the most-expensive areas of the market driving stocks lower while a renewed slide in crypto leaves the asset class barely up for 2025. Equities fell on Friday, with the S&P 500 set to halt a streak of three weeks of gains…
Ohio-based Wendy’s is planning to close hundreds more stores just a year after shuttering 140 locations. Interim CEO Ken Cook told investors in a Friday, Nov. 7, quarterly earnings call that the fast-food company would be closing a “mid single-digit percentage” of locations. With around 6,000 locations still operating nationwide, this would amount to roughly…
Topline White House adviser Kevin Hassett said Friday the impact of the government shutdown is “far worse than we expected,” warning that the airline industry could have “at least a near-term downturn” if the shutdown drags on. Key Facts Hassett, the director of the National Economic Council, told Fox News the shutdown impacts are worse…
Starbucks has issued an apology for the rollout of its viral “Bearista” cup. On Thursday, the popular coffee chain ushered in the holiday season, debuting its menu of seasonal drinks, treats and new, limited-edition merchandise. Included in the drop was the highly sought-after Starbucks Bearista cup, a glass cup in the shape of a honey…
Topline Tesla shares declined more than 3% on Friday, cutting CEO Elon Musk’s fortune by $10 billion after the automaker voted to approve a compensation plan that could award the world’s richest person $1 trillion over the next decade—a move derided by some analysts and shareholders. Key Facts Shares of Tesla fell 3.6% to around…
When Ford electrified its bestselling pickup truck, it pulled out all the stops. The F-150 Lightning may look virtually identical to other versions of the pickup, but it’s smoother, faster, and obviously far, far more efficient than the ones that run on gas, diesel, or hybrid power. But the future of the country’s bestselling electric…
The following e-mail was sent to all Goldman Sachs employees globally today: Today, we are pleased to announce that 638 individuals across 54 offices have been invited to become managing directors as of January 1, 2026. The Managing Director Class of 2025 comprises leaders at Goldman Sachs who have made a significant impact on our business…
Transportation Shareholders joyfully vote to dilute their own holdings to the benefit of Musk’s power grab. Shareholders joyfully vote to dilute their own holdings to the benefit of Musk’s power grab. Nov 7, 2025, 2:53 PM UTC Andrew J. Hawkins is transportation editor with 10+ years of experience who covers EVs, public transportation, and aviation….
WASHINGTON (AP) — Near the end of his first term, President Donald Trump signed into law a bill that aimed to reduce harmful, planet-warming pollutants emitted by refrigerators and air conditioners. The bipartisan measure brought environmentalists and major business groups into rare alignment on the contentious issue of climate change and won praise across the…
Starbucks’ new drinkware is already beary popular — and they’re apologizing for it. On Nov. 6, the coffee chain released its 2025 holiday menu and merchandise, including the already-viral Glass Starbucks Bearista Cold Cup, a 20-ounce vessel shaped like a teddy bear wearing a Starbucks green knitted beanie priced at $29.95. The novelty cup has caused…