Chevron will lay off up to 20% of employees—impacting up to 9,100
“Changes to the organizational structure will improve standardization, centralization, efficiency and results,” explained Chevron Vice Chairman Mark Nelson in a statement.
Stocks
GameStop shares soar 9% after CEO Ryan Cohen posts photo with Michael Saylor amid Bitcoin speculation
GameStop shares surged over 9% after the company’s CEO posted a photo of him alongside MicroStrategy co-founder Michael Saylor.
Who is behind DeepSeek? Here’s what to know about founder Liang Wenfeng
The 40-year-old entrepreneur launched the Chinese AI firm years before it rattled global tech stocks.
Meta stock rallies, Oracle slides as market reacts to TikTok ban hearing at Supreme Court
Oracle stock slumped as TikTok’s U.S. data host was affected by the prospect of a ban of the social media app, slicing $10 billion from Larry Ellison’s net worth.
Alcohol stocks drop after surgeon general says it should have cancer warning
Drinking alcohol results in an increased risk of at least seven types of cancer, Vivek Murthy said.
Where I’m Putting the Money: Here’s what six of the best had to say in 2024
Six experts weigh in on this year’s complexities, dangers and opportunities and peek over the horizon to what we may face in 2025.
5 US stock buys and sells from top billionaire investors
Warren Buffett takes a slice of Domino’s. Ken Griffin, David Tepper and Steve Cohen are shedding Amazon shares. Here’s what SEC filings reveal about the recent moves of the world’s richest and most successful investors.
Elon Musk is now worth more than $400 billion, the first person to ever do it
A new $350 billion value for SpaceX helped to lift Musk’s net worth to a historic high—more than for any billionaire Forbes has ever tracked.
Elon Musk’s massive Tesla pay package struck down by judge—again
The judge said Monday Tesla’s request for the court to “flip its decision” after the shareholders voted in favor of the package went “against multiple strains of settled law.”
‘Never wished to create a dynasty’: Warren Buffett donates $1.1 billion in Berkshire stock and updates will
“Tomorrow’s decisions are likely to be better made by three live and well-directed brains than by a dead hand,” wrote Buffett, whose lifetime giving of over $60 billion makes him likely the most prolific philanthropist ever.