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Oct 28 2024BUSINESS

Tesla’s Stock Surge: Elon Musk’s Net Worth Jumps by $26 Billion

Elon Musk, the CEO of Tesla, saw his net worth jump by a whopping $26 billion in just one day. This massive increase came after Tesla’s stock had its best day since 2013, making Musk even wealthier. He now has an estimated net worth of $269 billion, which is more than $50 billion more than his frien

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Oct 28 2024BUSINESS

Elon Musk's Union Tweet Protected by Free Speech, Court Says

A court has ruled that Elon Musk doesn't have to delete his 2018 tweet about Tesla workers and unions. The Fifth Circuit Court of Appeals said the tweet, which hinted at losing stock options if workers unionized, is protected speech. This means Musk doesn't have to follow an earlier order from the N

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Oct 28 2024BUSINESS

LinkedIn's EU Data Tracking Fiasco: A $335M Wake-up Call

LinkedIn, the professional networking site owned by Microsoft, has been slapped with a hefty fine of $335 million by Ireland’s Data Protection Commission (DPC). The fine is due to the company's mishandling of user data for targeted advertising, which breached the European Union’s General Data Protec

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Oct 27 2024BUSINESS

Tech Giants in the Spotlight as Profit Growth Slows

This week, the tech giants of the S&P 500 Index are gearing up to report their third-quarter earnings. Companies like Apple, Nvidia, Microsoft, Alphabet, and Amazon are facing a new reality: slower profit growth. While they are still projected to see an average increase of 19%, this is lower than pa

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Oct 27 2024BUSINESS

Exploring US Cargo Airline Business Models: How They Differ

You might think all cargo airlines in the US operate the same way, but that's not the case. Some key players like FedEx and UPS have massive hybrid networks, while others blend cargo into their passenger planes' schedules. Let's dive into how these airlines tackle the freight game. Cargo giants lik

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Oct 27 2024BUSINESS

Exploring the World in a Bombardier Global 7500: How Far Can It Go?

Ever wondered how far a business jet can take you? Meet the Bombardier Global 7500, a game-changer in the aviation world. This jet was first announced in 2010 as the Global 7000 but later renamed due to its incredible range. It made its maiden flight in 2016 and was certified by both Transport Canad

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Oct 27 2024BUSINESS

Airline's New Tech Tackles Line Cutters

American Airlines is trying out an innovative boarding system at three airports to keep line cutters in check. The tech, under testing at Albuquerque International Sunport Airport, Tucson International Airport, and Ronald Reagan Washington National Airport, makes a noise when someone tries to board

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Oct 27 2024BUSINESS

Why Are European Low-Cost Flights So Cheap and Profitable?

Ever wondered why European budget airlines are so successful? It's not just about the airlines themselves. The European Union (EU) has played a big role in making flights cheaper and more accessible for everyone. In Europe, flying short distances, like three hours, can cost as little as €15. That's

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Oct 27 2024BUSINESS

Truckload Contract Rates: Slowly Climbing Back

Over the past six months, the average dry van truckload contract rate has shown a slight increase of 1. 2%. This change might seem minor, but it's actually significant in the surface transportation market. Despite being down 2%-3% annually, these rates have grown since the second quarter of the year

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Oct 27 2024BUSINESS

Alex Jones Wants to Keep His Social Media Accounts Out of the Auction

Alex Jones, a well-known conspiracy theorist, is trying to keep his personal social media accounts out of the upcoming auction of his Infowars media platform. This is because he owes over $1 billion to the families of the Sandy Hook Elementary School shooting victims. Jones feels that selling his so

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