At the end of July, 38% of the nation’s 200 largest housing markets saw home prices fall year over year. Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter.
With Tesla shareholders set to vote on a proposed 10-year, $1 trillion compensation package for CEO Elon Musk in November, board chair Robyn Denholm spoke to The New York Times to defend what would be the largest pay package in corporate history. Denholm, who was also on the special committee that put the compensation proposal…
Imagine if George Cukor’s The Women was a modern, Spanish-language telenovela set in Ecuador rather than a 1939 dramedy about the lives of wealthy Manhattanites. Now imagine if the series was directed by Pedro Almodóvar and its characters were brought to life with stop-motion animation instead of being portrayed by Hollywood heavyweights like Joan Crawford…
Moderna shares were down 7.4% Friday—their lowest level since March 2020. The drop brought the drugmaker’s year-to-date slump to more than 44%. Pharma stocks took a fresh hit on Friday following a report in The Washington Post that the U.S. Food and Drug Administration reportedly plans to link COVID-19 vaccines with the deaths of 25…
Rainmaker Technology’s bid to deploy cloud-seeding flares on small drones is being met by resistance from the airline pilots union, which has urged the Federal Aviation Administration to consider denying the startup’s request unless it meets stricter safety guidelines. The FAA’s decision will signal how the regulator views weather modification by unmanned aerial systems going…
It’s September, and many among us are dealing with back to school, and anticipating the colder weather that’s on its way (at least, if you live in the northern climes). This, plus a somewhat fraught political atmosphere, means that you might be looking for reliable, affordable ways to escape the doldrums. You don’t need us…
The U.S. Environmental Protection Agency proposal would end a federal requirement for 8,000-plus facilities to report greenhouse gas data. The Trump administration on Friday announced that it plans to stop requiring more than 8,000 polluters to report greenhouse gas emissions.
Elon Musk’s AI startup xAI laid off 500 team members on Friday night, according to internal messages viewed by Business Insider. These emails reportedly announce an immediate “strategic pivot,” with the company deciding to “accelerate the expansion and prioritization of our specialist AI tutors, while scaling back our focus on general AI tutor roles.” “As…
If you listen to music the way a lot of people do these days — with a pair of wireless earbuds, from a Bluetooth speaker, or just blaring directly out of your phone — you will never notice a difference between Spotify’s high-quality 320Kbps streams and its lossless audio. But, if you usually listen with…
Automakers, fintechs, and emerging markets all made headlines in a week where AI optimism met political risk. This week served up a sampler platter of business stories with a little bit of everything: food recalls that had shoppers double-checking the fridge, a high-stakes immigration raid that spilled into international diplomacy, and a splashy fintech IPO…
