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Disneyland Gets City Approval for Expansion
Disneyland has received unanimous approval from the Anaheim City council for its multi-billion dollar plan to expand the world famous theme park. This will allow one of the region's largest employers to add new attractions, shops, and restaurants and of course, jobs.
Airlines Anticipate Record Travel This Summer
You might want to secure those summer vacation tickets. Airlines are anticipating record travel this summer despite the recent string of high profile close calls on Boeing flights that have set off multiple federal investigations. United Airlines is also under a safety review following a faulty wheel on one of its planes.
Google Cutting Jobs, Restructuring Finance Team
Alphabet's chief financial officer says Google is making jobs cuts as it restructures its finance team. CFO Ruth Porat wrote in a company memo that the team, quote, 'collectively have to make tough decisions, including how and where we work to align with our highest priority area,' citing the industry wide shift to focus on artificial intelligence projects.
Meta Rolls Out New A.I. Assistant To Platform
Meta is rolling out its competitor to Chat GBT. Meta A.I. is a virtual assistant now available on all Meta platforms: Facebook, Instagram, Messenger, and Whatsapp. The assistant can help users with questions and generate A.I. images and video. Meta A.I. is powered by the company's large language model, the Meta Llama Three.
Tennessee Volkswagen Workers Begin Union Vote
Workers at a Tennessee Volkswagen plant have begun casting their ballots in a union vote. If a majority of the roughly four thousand workers support the union drive, they will be represented by the United Auto Workers union. After a high-profile strike last summer that won a new contract with the big three automakers, the UAW secured raises of 25% and other benefits for its workers.
Study: Climate Change Will Cost $38 Trillion a Year By 2049
A new study suggests that left unchecked, climate change will come with a hefty price tag. The study, published in 'Nature,' found that climate change will cost $38 trillion dollars a year by 2049. Compared to a world with no warming, researchers at the Germany's Potsdam Institute for Climate Impact Research calculated that global GDP will be 19 percent lower.
You Can Actually Lose Money on Real Estate (Even in This Market)
Not only is April Financial Literacy Month, it’s also the kickoff of the spring homebuying season. So now is the time to make sure you have a financial plan in place – and why it might not be wise for that to include buying your first home.
Netflix's New Film Head Shifts Strategy
Get ready for a new era of Netflix movies. The streaming giant appointed a new head of its film division and he's shifting away from the high-budget blockbusters and prestige dramas of the past several years. Dan Lin, producer of films like 'the Lego movie' and the adaptation of Stephen King's 'It,' has already made changes to the department. According to the New York Times, that includes layoffs of roughly 10% of the staff and shifting towards developing smaller and mid-budget projects.
Tesla Will Ask Shareholders to Approve Musk Pay Package
News from Tesla just out this morning, shareholders will be asked to approve CEO Elon Musk's 2018 pay package that has a potential worth of $55 billion. Initially, Musk received options to buy 303 million shares of Tesla at $23.34 Each as part of his pay package. It was worth $51 billion when a Delaware court threw out the pay package in January, but Tesla shares have since dropped in value, reducing the overall value to around $40 billion.
Fed wants "Further Progress" on Inflation Before Cutting Rates
Americans will likely be dealing with higher interest rates for longer. Speaking yesterday, federal reserve chair Jerome Powell confirmed what economists have suspected, that the fed wants to see inflation heading down again before it considers a rate cut.
Caitlin Clark Will Make a Lot More Than Her WNBA Base Salary – Here's How
Caitlin Clark is heading to the Indiana Fever, the number one draft pick and the highest-scoring college basketball player of all time. And while she may not be getting millions from the WNBA, there's a few ways she'll net compensation for her generational talents.
Iphone Sales Fell 10% in Most Recent Quarter
A new report from market research firm IDC says that sales of the Iphone fell 10% in the most recent quarter, and its almost entirely due to falling popularity in China. Apple sold 50 million Iphones from January through March, compared to 55 million in the same period a year ago. In the full smartphone market, IDC says total sales increased 7.8% year on year, and with 21% of the global market, Samsung is once again the largest manufacturer.
Live Nation to Be Sued By Justice Department
According to a Wall Street Journal report from anonymous sources familiar with the matter, the U.S. Department of Justice plans to sue Live Nation, the country's largest concert promoter and ticketing website, for violating antitrust laws. The lawsuit, which is allegedly coming in the next few weeks, alleges that Ticketmaster abused its market leading position in order to harm competition for live events.
Turo Talks Future Of Car Sharing
Turo is the world’s largest car sharing marketplace, where you can book a vehicle from trusted hosts across the US, UK, Canada, Australia, and France. CFO Chuck Fisher joins Cheddar from the driver seat of the new Tesla Cybertruck, to talk travel trends and what is next for the platform.
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