Although gift cards can give the recipient flexibility in how to spend money, other times they’re more likely to sit in a drawer unspent until they expire. If the gift card is from a retailer you regularly patronize or a business that can help you defray monthly expenses, then great …
Read More »Elon Musk’s wealth has dropped more this year than the GDP of many countries
Elon Musk is many things, but as of this week, he is no longer the world’s wealthiest person. That status now belongs to France’s Bernard Arnault, chairman and CEO of luxury goods maker LVMH, according to Forbes and Bloomberg News. It is the first time the Tesla and SpaceX owner has …
Read More »Former Theranos exec Ramesh “Sunny” Balwani sentenced to nearly 13 years
The former chief operating officer of disgraced biotech startup Theranos has been sentenced to 12 years and 10 months in prison. Judge Edward Davila of the Northern District of California sentenced Ramesh “Sunny” Balwani to 155 months in prison and three years of probation. Balwani, 57, must surrender himself on …
Read More »Is the market out of bear territory? It’s complicated.
The Dow Jones Industrial Average rallied 5% in November, with a surge on the final day of the month pushing the index out of bear territory. So does that mean the dismal year for stocks is over? Not quite, experts say. Even though the Dow bounced out of its downturn …
Read More »Walmart shooting raises need for violence prevention at work
The mass shooting Wednesday at a Walmart in Virginia was only the latest example of a workplace shooting perpetrated by an employee. But while many companies provide active shooting training, experts say there is much less focus on how to prevent workplace violence, particularly how to identify and address worrisome …
Read More »Harvard and Yale law schools ditch U.S. News & World Report’s rankings: “Profoundly flawed”
Officials at Yale’s and Harvard’s law schools said Wednesday the institutions will no longer participate in U.S. News & World Report’s annual rankings of the top law schools. An official at Yale Law School called the methodology behind the influential listing “profoundly flawed.” Yale Law School Dean Heather K. Gerken, …
Read More »CDC tells pregnant people, seniors to stop eating deli meat, cheese amid listeria outbreak
Some people should not eat any meat or cheese from any deli counters due to an ongoing outbreak of listeria in the U.S. that has killed one person, sickened more than a dozen others and caused a lost pregnancy, federal health officials say. “You are at higher risk for severe …
Read More »No, the U.S. is not going to run out of diesel fuel in 25 days
A major U.S. diesel fuel supplier warned of an oil “shortage” on the East Coast on Monday and suggested that it could cause prices on a variety of consumer goods to rise in the near term. But while inventories of diesel and gasoline are lower than they historically have been, …
Read More »Why going on strike could get much harder for American workers
Labor protests around the U.S. have surged during the COVID-19 pandemic as employees across a range of industries have pushed for better pay and working conditions. But a case the Supreme Court agreed to hear last week could make going on strike much more difficult. In Glacier Northwest v. Int’l …
Read More »Ex
A former eBay executive was sentenced on Thursday to almost five years in prison for leading a scheme to terrorize the creators of an online newsletter that included sending live spiders, cockroaches, a funeral wreath and other disturbing deliveries to their home. David Steiner, who along with his wife was …
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