Tag Archives: slammed

NEW YORK (AP) — Donald Trump won’t face the corporate death penalty after all. A New York judge on Friday spared the ex-president that worst case punishment as he ruled in a civil case alleging Trump fraudulently misrepresented financial figures to get cheaper loans and other benefits. Still, Trump got slammed hard, facing big cash penalties, outside supervision of his companies and restrictions on his borrowing. In a pretrial ruling last year, the same judge threatened to shut down much of… Source link

“I think at this point it is a slap in the face,” said Ameshia Cross, a Democratic strategist, tells theGrio. U.S. Rep. Lauren Boebert, R-Colo., faced backlash over controversial statements she made while commemorating Martin Luther King Jr. Day. On Monday, the conservative lawmaker took to X, formerly known as Twitter, and wrote, “This Martin Luther King Jr. Day we celebrate the life of a man who led a movement for freedom and prosperity for all.” Rep. Lauren Boebert, R-Colo., and Dr…. Source link

Tesla (TSLA) CEO Elon Musk’s selling spree continues, to the chagrin of Tesla investors who can’t seem to catch a break. In a filing yesterday, Musk disclosed that he sold 22 million shares of Tesla stock Monday through Wednesday. The value of those Tesla stock sales was around $3.6 billion. Tesla shares have been under immense pressure the past few days, with shares down nearly 13% since the start of the week. Musk’s stock sales this week bring his total amount sold since April, when he… Source link

Tesla (TSLA) CEO Elon Musk’s selling spree continues, to the chagrin of Tesla investors who can’t seem to catch a break. In a filing yesterday, Musk disclosed that he sold 22 million shares of Tesla stock Monday through Wednesday. The value of those Tesla stock sales was around $3.6 billion. Tesla shares have been under immense pressure the past few days, with shares down nearly 13% since the start of the week. Musk’s stock sales this week bring his total amount sold since April, when he… Source link

By Akash Sriram (Reuters) – Every time Lucid Group Inc or Rivian Automotive Inc sells an electric car, they are losing hundreds of thousands of dollars due to staggering raw material and production costs, their latest earnings statements showed. Quarterly reports from electric vehicle (EV) makers from the past two weeks show them struggling to hit delivery targets and rapidly burning through cash. Lucid’s cost of revenue surged to $492.5 million in the July-September quarter from $3.3 million a… Source link

AL-MUKALLA: Yemen government officials and rights groups have urged the Iran-backed Houthis to stop torturing four abducted journalists held inside their prisons and to urgently send them to hospital as they are suffering from life-threatening diseases. Yemenis say that the Houthis have subjected the journalists to physical and psychological torture in detention, throwing them into solitary confinement and depriving them of vital medicine. Tawfiq Al-Mansouri, Akram Al-Walidy, Abdul… Source link

Andy Cohen and Bravo continue to face backlash for Real Housewives of Dubai. Ahead of the show’s June 1 premiere and days after the first trailer was released, a group of 12 human rights groups called for the network to publicly oppose the violence against women as well as the homophobic laws perpetrated by the rulers of Dubai and the United Arab Emirates. Andy Cohen and Bravo are being slammed by human rights groups ahead of the Real Housewives of Dubai premiere on June 1. (Photo: Slaven… Source link

Hilton CEO Christopher Nassetta says the hotelier’s recovery from the depths of the pandemic continues, with notable strength in demand by travelers on non-work days. “The weekends are slammed everywhere,” said Nassetta in an exclusive interview on Yahoo Finance Live. “The one area that continues to lag a little bit — which is probably not surprising — is the urban markets have been a little bit on lag for a whole bunch of reasons.” Hilton’s rebound was on full display in the company’s… Source link

It’s time to back up the truck and buy the beat-up shares of pioneering crypto exchange Coinbase (COIN), contends Oppenheimer analyst Owen Lau.  Coinbase shares don’t deserve to be swept up into the latest crypto winter, according to Lau.  “We think Coinbase should not trade in lockstep with bitcoin because bitcoin can be very volatile, but at the same time because of their volatility it drives higher trading volume. It is similar to all the traditional exchanges, and we think that it’s… Source link