Porsche is a great company. Shame on the government.

Porsche is a great company.  Shame on the government.

Porsche makes a strong argument that it shares the attractions of the best luxury brands: a growing market, high margins and economic robustness. But the German sports car manufacturer also comes with the common weakness of luxury: a powerful controlling shareholder. On Monday, dr. Ing. hc F. Porsche, as the company is formally known, said … Read more

Porsche is a great company. Shame on the government.

Porsche is a great company.  Shame on the government.

Porsche makes a strong argument that it shares the attractions of the best luxury brands: a growing market, high margins and economic robustness. But the German sports car manufacturer also comes with the common weakness of luxury: a powerful controlling shareholder. On Monday, dr. Ing. hc F. Porsche, as the company is formally known, said … Read more

Small businesses in Texas are planning the next step as abortion laws change

Small businesses in Texas are planning the next step as abortion laws change

Following the publication of a draft Supreme Court decision to overturn Roe v. Wade, Max Hoberman spoke with lawyers for the independent video game company he runs to cover travel expenses for employees should they leave Texas to have an abortion. The lawyers warned of legal risks, so Mr. Hoberman came up with another offer: … Read more

Elon Musk’s inner circle shaken by battle for his $ 230 billion fortune

Elon Musk’s inner circle shaken by battle for his $ 230 billion fortune

AUSTIN, Texas – At the end of last year, Jared Birchall took his boss, Elon Musk, into a corner. Mr. Birchall, a straight-laced, 48-year-old asset manager who rose to become Mr. Musk’s top deputy and head of his family’s office, had growing concerns about a new power player in Tesla CEO’s circuit.

Elon Musk’s inner circle shaken by battle for his $ 230 billion fortune

Elon Musk’s inner circle shaken by battle for his $ 230 billion fortune

AUSTIN, Texas – At the end of last year, Jared Birchall took his boss, Elon Musk, into a corner. Mr. Birchall, a straight-laced, 48-year-old asset manager who rose to become Mr. Musk’s top deputy and head of his family’s office, had growing concerns about a new power player in Tesla CEO’s circuit.

Rivian CEO hosted a meeting for all hands. What was discussed.

Rivian CEO hosted a meeting for all hands.  What was discussed.

Text size The launch of electric trucks Rivian recently announced layoffs. Courtesy Rivian Fast-growing start-up of electric truck Rivian Automotive is laying off employees. The news surprised the market earlier in the week. Now CEO RJ Scaringe is explaining to employees why cuts are needed at a Friday meeting. Rivian (ticker: RIVN) stock fell on … Read more

Biden appoints federal panel to intervene in rail labor dispute

Biden appoints federal panel to intervene in rail labor dispute

President Biden appointed a federal panel seeking to resolve a labor dispute between freight railways and their unions and prevent a possible strike that would disrupt already loaded services. Railways including BNSF Railway, CSX Transportation Inc, Union Pacific Railroad Co. and Norfolk Southern Railway and 12 unions have been in contract negotiations since the end … Read more

TikTok’s Chief Security Officer resigns

TikTok’s Chief Security Officer resigns

WASHINGTON — TikTok’s security chief will step down from that role in September, the company said Friday, in a move that the company said was unrelated to growing concerns in Washington about the security risks of the popular short video app. Roland Cloutier, global security manager for the video-sharing app owned by Beijing-based ByteDance Ltd., … Read more

Credit Suisse’s former chairman António Horta-Osório joins Mediobanca as senior adviser

Credit Suisse’s former chairman António Horta-Osório joins Mediobanca as senior adviser

Italian Mediobanca Banca di Credito Finanziario SpA ansat fhv Swiss credit Group AG chairman António Horta-Osório as a senior adviser to increase its influence on contracting and attracting new business clients throughout Europe. It is the first high-profile appointment for Mr Horta-Osório since leaving Credit Suisse in January after less than a year in the … Read more

Celsius owes users more than $ 4.7 billion

Celsius owes users more than $ 4.7 billion

Celsius Network LLC has a gap of about $ 1.2 billion in its balance sheet, with most of its liabilities due to cryptocurrency lender users, according to a Thursday submission from CEO Alex Mashinsky. Of Celsius ‘$ 5.5 billion in total liabilities, more than $ 4.7 billion is owed to Celsius’ users, according to the … Read more