You need a lot of cash — and guts — to short Trump Media stock right now. Trump Media, which began being publicly traded last week, is now far and away the most expensive U.S. stock to sell short, according to S3 Partners, a leading financial data marketplace platform. But plenty of people are still willing to pay those steep costs, based on their belief that Trump ...
Ford Motor is delaying production of a new all-electric three row SUV, as it shifts to offer hybrid options across its entire North American lineup by 2030. The Detroit automaker on Thursday said it will continue to invest in EVs, but it is postponing production of the large SUV at a plant in Canada from 2025 to 2027 to allow for the market ...
A new bill is aiming to give Californians more work-life balance by restricting when employers can contact them during off hours. So-called “right to disconnect” laws have already made headlines overseas. If passed, California would be the first state in the U.S. to try it. Under the bill proposed by San Francisco Assemblymember Matt Haney, California companies would have to ...
Disney CEO Bob Iger said his company is not interested in sending messages in its movies and TV shows. In an interview with CNBC on Thursday morning, Iger said Disney’s No. 1 mission is to capture broad — if increasingly diverse — audiences. ‘Infusing messaging is not what we’re up to,’ he said. ‘We need to be entertaining.’ Iger was ...
Providing Donald Trump’s $175 million appeal bond when other insurers wouldn’t is business as usual for California financier Don Hankey. As chairman of the Los Angeles-based Hankey Group of Companies, which includes an insurer, a subprime auto lender and a commercial real estate investment firm, Hankey has amassed a fortune lending to borrowers other financial firms shun. Hankey’s assistance to ...
Disney CEO Bob Iger on Wednesday fended off an aggressive challenge by activist investors seeking to take the company in a new direction, averting what would have been a stunning embarrassment for one of Hollywood’s leading executives. The entertainment conglomerate’s corporate leadership was facing a bold attack from billionaire activist investor Nelson Peltz, who loudly pushed the company to come ...
Two men pleaded guilty on Wednesday to insider trading in securities in the company that ultimately took former U.S. President Donald Trump’s media business public. Michael Shvartsman, 53, head of Miami-based venture capital firm Rocket One Capital, and his brother Gerald Shvartsman, 46, each pleaded guilty to one count of securities fraud before U.S. District Judge Lewis Liman in Manhattan. Rocket One’s ...
Gold prices extended their rally and scaled to another record high on Monday, propelled by U.S. interest rate cut expectations and the metal’s appeal as a safe haven asset. Spot gold added 0.6% to trade at $2,245.79 per ounce. U.S. gold futures rose more than 1% to trade at $2,266.39 per ounce. “I think it’s a really exciting moment in gold,” said Joseph ...
Tesla on Tuesday published its first-quarter vehicle production and deliveries report for 2024 that showed deliveries fell 8.5% from the year-ago quarter and about 20% from the fourth quarter. Here are the key numbers: Vehicle production declined 1.7% year over year and 12.5% sequentially for Tesla. Shares dropped about 6.5%. Tesla doesn’t break out sales by model but reported that it produced 412,376 ...
If you didn’t file a tax return amid the worst of the Covid-19 pandemic and believe you’re eligible for a refund, the Internal Revenue Service wants to hear from you. The agency said this week that more than $1 billion in unclaimed refunds for tax filing year 2020 are sitting in its coffers, and that it’s still possible for eligible ...