Amazon is arguing in a legal filing that the 88-year-old National Labor Relations Board is unconstitutional, echoing similar arguments made this year by Elon Musk’s SpaceX and the grocery store chain Trader Joe’s in disputes about workers’ rights and organizing. The Amazon filing, made Thursday, came in response to a case before an administrative law … Read more
This week’s $26 billion combination of two Texas oil companies is the latest in a series of deals that’s ushering in the era of Big Shale. Wall Street, which eyed the sector with skepticism for most of the last decade, appears to be all in. Diamondback Energy Inc.’s takeover of Endeavor Energy Resources LP announced on Feb. … Read more
French President Emmanuel Macron says recognizing a Palestinian state is not a “taboo” for France, as international frustration grows with Israel’s actions in the Palestinian territories. France and the EU have long supported a two-state solution in the Mideast, but as part of a negotiated settlement. With talks long stalled and Israel’s offensive against Hamas in Gaza deepening, … Read more
City crews on Friday took an initial step toward securing an unfinished complex of downtown Los Angeles high-rise towers that have been vandalized with graffiti and used for dangerous social media stunts after the developer ran out of money. Workers began removing scaffolding protecting a temporary walkway that officials say said has helped trespassers enter the property. … Read more
Donald Trump won’t face the corporate death penalty after all. A New York judge on Friday spared the ex-president that worst case punishment as he ruled in a civil case alleging Trump fraudulently misrepresented financial figures to get cheaper loans and other benefits. Still, Trump got slammed hard, facing big cash penalties, outside supervision of his companies and restrictions … Read more
One major problem for automakers as they transition to electric vehicles is that traditional cars still generally cost less. That matters to everyday car shoppers trying to make ends meet. In China, however, EVs are actually more affordable than gas guzzlers. And increasingly, Chinese EVs are being exported to markets around the world and sold … Read more
Welcome to Music Business Worldwide’s weekly round-up – where we make sure you caught the five biggest stories to hit our headlines over the past seven days. MBW’s round-up is supported by Centtrip, which helps over 500 of the world’s best-selling artists maximize their income and reduce their touring costs. This week began with big news out of … Read more
Jimmy Donaldson aka “MrBeast,” the YouTuber with 239 million subscribers and multiple businesses that bring in between $500 million to $700 million in revenue, isn’t going beast mode with his money, he said. Despite the success of his YouTube channel and various other businesses, Donaldson doesn’t consider himself a rich person, he said in an … Read more
Our take: The Hilton Honors American Express Surpass® Card offers some solid benefits for both frequent and casual travelers alike, and it even provides some harder-hitting perks for bigger spenders like a free annual reward night and Diamond elite status for big spenders. However, people looking for a hotel card with more automatic benefits may … Read more
The verdict is in: ESG is now branded a “dirty word”–and even those who are in favor of DEI policies are now talking about the need for a rebrand. It’s true that capturing so many different concepts under an alphabet soup of acronyms is convenient and lazy. For years, it has allowed both sides to … Read more