SpaceX and CEO Elon Musk were hit on Wednesday with a lawsuit from eight former employees, who alleged they were illegally fired for raising concerns about sexual harassment and discrimination against women at the company.
Why it matters: The lawsuit comes just a day after a Wall Street Journal report alleged Musk has had sexual relationships with at least two SpaceX employees and has made sexually inappropriate comments toward other women at the company.
Sony Pictures Entertainment has acquired Alamo Drafthouse Cinema, the Texas-based movie theater chain known for its dine-in service, the companies announced Wednesday.
Why it matters: This marks the first time in 75 years that a major Hollywood studio will own a movie theater company.
It's starting to feel a little bit like late 2023: For the second straight month, the Consumer Price Index was cooler than expected — a sign that inflation might be back on a downward path.
Why it matters: The first few months of the year stoked fears that price pressures were reaccelerating. So far, the second quarter appears much different — with a soft landing path for the economy looking like a reality.
Elon Musk is a day away from learning if Tesla shareholders approve of his $56 billion pay package, with the result still very much in doubt.
Why it matters: Musk and Tesla board chair Robyn Denholm have suggested a loss could lead Musk to focus his attentions elsewhere. Namely to his plethora of other, privately held companies.
GeneralMotors on Tuesday said it will invest $850 million into Cruise, the robotaxi and self-driving business it bought in 2016.
Why it matters: GM has decided it's pot committed, despite having lost over $8 billion on a business that forced to stop on-street operations after a robotaxi in its fleet hit a pedestrian last fall in San Francisco.
The International Energy Agency isn't backing off its controversial projection of peak oil demand by 2030 — and it's warning petro-companies not to dismiss the analysis.
Why it matters: The future of consumption has repercussions for oil-producing nations and corporate strategies — and the planet's warming climate.
The long-term outlook for EVs "remains bright," according to a new report, but a much-discussed sales slowdown is indeed a real thing in some markets.
Why it matters: Slowing demand growth, despite policy support, brings questions about how much automakers should boost production of climate-friendly cars.
When former President Trump auditions Thursday before about 90 top CEOs at the Business Roundtable in Washington, he'll have a friendly face to try to keep him on track: Larry Kudlow, who will interview him at the off-the-record event.
Why it matters: Trump allies hope Kudlow, who was Trump's chief economic adviser in the White House and now touts his former boss on his Fox Business show, can keep the former president focused on the economy.
Why it matters: The list highlights the big up-and-coming names in interiors across the U.S. There are only 13 spots nationwide, and Nashville received a nod.
Washington Post CEO Will Lewis is the talk of the town, but how much of a payoff does the new British regime see in covering hometown D.C.?
What I'm hearing: Sir William and co. are floating an idea called "Local+," a new offering for readers who want to pay extra for premium local content, sources tell me.
The nascent idea includes building a subscription model with premium newsletter(s) and "exclusive experiences" for locals.
From the C-suites of big companies to the halls of the Federal Reserve, economic decision-makers are waiting to see whether the next shift is toward recession, reacceleration or something in between.
Why it matters: The economy has hit a midyear holding pattern in which policy is static, growth and inflation have leveled out and CEOs aren't making major adjustments to hiring plans as they await the results of the U.S. presidential election and a Fed policy pivot.
Pope Francis will host some of the world's top comedians at the Vatican on Friday — including Whoopi Goldberg, Jimmy Fallon, Chris Rock and Stephen Colbert, the Vatican announced.
Why it matters: The pope "has acknowledged the power the art of comedy has to contribute to a more empathetic and sympathetic world," the Vatican News notes.
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