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Luminar CFO defends lidar maker's pricing and revenue in the wake of a Goldman downgrade March 24, 2023
Luminar's shares have fallen 16% since the downgrade. Now, the company's CFO is taking his rebuttal directly to shareholders.
Millennials plan to stick with online shopping even as stores rebound, new survey finds March 24, 2023
While early pandemic saw an unprecedented online shopping boom, in-person shopping has been ready for a resurgence, as shoppers return to reopened stores.
'It was agony': Why SVB's collapse is especially hard as a Black founder, says CEO March 24, 2023
Isa Watson, founder of "Squad," a voice-only social messaging app, says Silicon Valley Bank went beyond typical banking services to help her startup.
Secondhand resale is getting cutthroat as platforms like Depop and Poshmark boom March 24, 2023
The consumer culture on indie reselling platforms has shifted as more sellers compete to capture demand and more inflation-weary customers hunt for deals.
Deutsche Bank is not the next Credit Suisse, analysts say as panic spreads March 24, 2023
Central banks and regulators had hoped that the Credit Suisse rescue deal would help calm investor jitters about the stability of Europe's banks.
BofA's Hartnett sees commercial real estate as the 'next shoe to drop' March 24, 2023
Spreads for commercial mortgage-backed securities are at their widest compared with Treasurys since May 2020.
Disney World reaches deal with union on minimum $18 hourly wage March 24, 2023
Unions at Walt Disney World reached a tentative deal with the company to raise the starting minimum wage from $15 to $18 an hour by the end of the year.
Europe's leaders battle banking crisis as market rout hangs over Brussels summit March 24, 2023
Shares of Deutsche Bank traded more than 14% lower at one point Friday after a Thursday evening surge for its credit default swaps.
Court blocks Covid-19 vaccine mandate for U.S. government workers March 24, 2023
A federal appeals court has blocked President Joe Biden's order that federal employees get vaccinated against Covid-19.
Pfizer's Covid drug Paxlovid may reduce the risk of developing long Covid, study says March 24, 2023
People who took Pfizer's antiviral treatment Paxlovid shortly after infection saw a 26% lower risk of long Covid compared with those who didn't, the study said.
Sam Altman didn't take any equity in OpenAI, report says March 24, 2023
OpenAI co-founder and CEO Sam Altman didn't take an equity stake in the company when it added the for-profit OpenAI LP entity in 2019, according to Semafor.
Here’s how the IRS says you should handle 1099-K tax reporting mistakes on your return March 24, 2023
The IRS updated guidance on how to handle 1099-K tax reporting errors on your return. Here's what to know about payments from apps like Vemno and PayPal.
Activision shares jump as British competition regulator drops key concern on Microsoft takeover March 24, 2023
The U.K.'s competition regulator on Friday said it has narrowed the scope of its investigation into Microsoft's takeover of Activision.
Can Costco maintain its edge over Sam’s Club? March 24, 2023
The pandemic has thrown the airline industry into turmoil. Analysts say at least airlines are doing a better job at cleaning their planes.
Ford plans to build 500,000 EVs annually at its $5.6 billion Tennessee campus March 24, 2023
The first and only product to be announced thus far for the plant is a next-generation electric truck, which Ford has codenamed "T3," short for "TrustTheTruck."
King Charles' visit to France postponed after wave of protests March 24, 2023
The new monarch was due to visit Paris and Bordeaux in a trip beginning Sunday, both of which have seen tense protests.
Deutsche Bank shares slide after sudden spike in the cost of insuring against its default March 24, 2023
Deutsche Bank shares fell on Friday after a spike in credit default swaps on Thursday night, as concerns about the stability of Europe's banks persisted.
TikTok wants to distance itself from China — but Beijing is getting involved March 24, 2023
China said that it would "strongly oppose" a forced sale of TikTok from its parent ByteDance, as the app faced intense scrutiny and a potential ban in U.S.
Crypto firm Tether says it has around $1.6 billion in excess reserves to back its USDT stablecoin March 24, 2023
Crypto firm Tether estimates it will make $700 million in profit in the March quarter, taking its total excess reserves to over $1.6 billion, its CTO said.
A 'greenwashing' crackdown in Europe hasn't gone down well. Here's what you need to know March 24, 2023
The EU says it is hoping to provide more clarity to consumers so that when a product is sold as green, they can trust that it is environmentally friendly.

Fortune

A legal scholar says the Dodd-Frank act put in place after the Great Recession proved to be useless amid SVB's collapse March 24, 2023
“Dodd-Frank is still on the books, but its...as good as dead. What good does it do to have a massive set of regulations...if they aren't enforced?” Adam Levitin, a Georgetown University law professor wrote Thursday.
Will Daniel
Greece celebrates the return of ancient art from the Vatican but takes aim at the British Museum for holding onto sculptures March 24, 2023
“This takes us to the just and moral demand of the entire Greek people, and of this government and its prime minister, for the final return of all the sculptures of the Parthenon.”
Derek Gatopoulos, Theodora Tongas, The Associated Press
America retaliates against a drone attack that killed a US contractor with airstrikes in Syria March 24, 2023
While it’s not the first time the U.S. and Iran have traded strikes in Syria, the attack and the U.S. response threaten to upend recent efforts to deescalate tensions across the wider Middle East.
Lou Kesten, Bassem Mroue, Jon Gambrell
Tim Cook called remote work 'the mother of all experiments.' Now Apple is cracking down on employees who don’t come in 3 days a week, report says. March 24, 2023
It's been a big shift from the summer of 2022.
Jane Thier
Starbucks CEO working in stores is smart if he doesn't make this big mistake March 24, 2023
Laxman Narasimhan needs to be low-key and consistent if he's going to turn around the c-suite's relationship with staff, experts said.
Eleanor Pringle
Adding a 'scary hour' to your morning routine could be the secret to more productivity and focus March 24, 2023
This trending TikTok hack can help you get more done.
L'Oreal Thompson Payton
Salmon fishing to be banned in California and part of Oregon after a drought and weakened protections decimated the fish population March 24, 2023
Catching salmon will also be banned in much of Oregon.
Julie Watson, Lisa Baumann, The Associated Press
The 5 best ‘buy now, pay later’ apps for March 2023 March 24, 2023
We compared the top buy now, pay later platforms on the market and weighed loan terms, APRs, late fees, credit limits, mobile app ratings, and more.
Ivana Pino
Around 85% of Gen Zers worry they can’t afford one month’s expenses if they lose their job March 24, 2023
"Having an emergency fund built up can help Gen Zers relax."
Alicia Adamczyk
Los Angeles tops Shanghai as one of the biggest financial centers in the world March 24, 2023
Two new U.S. cities break into the world’s largest.
Chris Morris

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