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INSIDERJoe Biden left Elon Musk a parting gift that's helping fuel his beef with OpenAI
WIth one foot out the White House door, the Biden administration issued 2 documents Musk is now using in his battle to break up OpenAI and Microsoft.
- Fortune
JPMorgan Chase workers grouse over measly bonuses, 2% pay bumps as bank reels in record $58.5 billion in profits
Some JPMorgan Chase workers want to leave after getting low raises and bonuses.
- South China Morning Post
ByteDance staff to lose 'lucky money' perk from 2026, but gain improved medical benefits
ByteDance, the parent company of TikTok and Douyin, will end the Lunar New Year tradition of giving red packets to employees from 2026, but will expand medical insurance for staff, according to an internal letter sent to employees on Friday and seen by the South China Morning Post. The change is meant to sort out differences between "incentives" and "welfare", according to the letter. The red packet, or "lucky money", tradition started in 2017 and became a universal perk for all ByteDance employ
- Fortune
Luckin Coffee beat Starbucks in China. It’s now taking its playbook overseas to markets like Malaysia
Luckin Coffee—booted from the Nasdaq in 2020—has overtaken Starbucks in both China revenue and store count.
- Benzinga
Billionaire BlackRock CEO Larry Fink Declares No One Should Have To Work Longer Than They Want But Says Retiring At 65 Is 'Crazy'
In a world where retirement feels increasingly like a mirage on the horizon, Larry Fink, CEO of BlackRock, calls for a hard reset on how we think about retirement. His message? It's time to rethink the traditional retirement age of 65 – a concept he labels "crazy" given its ancient origins and the challenges facing Social Security and retirement savings in America. The 65-Year Retirement Age: An Outdated Relic "No one should have to work longer than they want to," Fink wrote in a recent letter.
- GOBankingRates
4 Ways Warren Buffett Has Forever Changed the Way Investors Think
Warren Buffett has long been a venerated icon in the finance space. The Oracle of Omaha, as he's fondly known (the nickname is a nod to his practically uncanny ability to accurately predict the stock...
- Fortune
The stock market gauge named after Warren Buffett just hit an all-time high, sending a warning worse than before the dot-com bubble burst
The metric, which compares the market cap of publicly traded companies to GDP, is higher than ever.
- The Telegraph
Starmer’s failures on food security ‘raise risk of civil unrest’
Sir Keir Starmer has been accused of failing to protect food security and raising the risk of civil unrest as a result.
- Reuters
Russia's railways grapple with Asia pivot, sanctions and labour shortages
Russian Railways' cargo volumes slumped to a 15-year low in 2024, with labour and locomotive shortages exacerbating capacity woes as Moscow redirects trade flows to Asia from Europe while fighting on in Ukraine, data showed and six sources said. Industrial output and railway cargo volumes usually go hand in hand. President Vladimir Putin has grown increasingly concerned about distortions in Russia's wartime economy, Reuters reported on Thursday.
- GOBankingRates
I’m a Retirement Expert: The Best $200 Retirees Can Spend To Get Their Finances on Track
Retirees are often on a fixed income that may be significantly less than their former salary. Without proper planning, finances can spiral out of control, causing chaos and long-term hardship in...
- Reuters
International Paper gains EU nod for $7.2 billion DS Smith buy
U.S.-based International Paper secured EU clearance for its 5.8-billion-pound ($7.2 billion) acquisition of UK rival DS Smith with a pledge to sell assets to address competition concerns. International Paper is seeking to boost its European presence in the paper and packaging sector with the deal amid consolidation in the industry. The European Commission said the U.S. packaging company will divest five of its plants in Europe.
- Reuters
BMW joins Chinese EV makers in filing EU court challenge to tariffs
BMW has joined Chinese producers in filing a challenge at the Court of Justice of the European Union (CJEU) against EU tariffs on China-made electric vehicles (EVs), according to a filing on the court's website. The rate for BMW, which manufactures the electric Mini Cooper and electric Mini Aceman in China, is 20.7%. The court document showed the German automaker lodged its complaints at the General Court, the lower of two CJEU chambers, on Tuesday, a day before the deadline for filing challenges.
- USA TODAY
Justin Baldoni's team blasts Blake Lively's gag order letter as 'an intimidation tactic'
Attorneys for Justin Baldoni and his company responded to "It Ends with Us" co-star Blake Lively's recent claims and alleged he's been "exiled."
- Reuters
Chinese EV makers file challenges to tariffs at EU court
BRUSSELS (Reuters) -Chinese electric vehicle makers BYD, Geely and SAIC have challenged the EU's import tariffs at the Court of Justice of the European Union (CJEU), filings on the court's website showed on Thursday. The EU imposed tariffs on China-made EVs at the end of October after an anti-subsidy investigation, including 17.0% for BYD, 18.8% for Geely and 35.3% for SAIC, on top of the EU's standard car import duty of 10%.
- Benzinga
'My Boss Keeps 95% Of The Profit While I Do All The Work,' An Employee Says, Asking, 'Should I Undermine Them And Start My Own Company?'
Are you working tirelessly to keep a business running, managing operations, building client relationships and essentially doing the job of a CEO – only to find out that you're earning just a fraction of what the company makes? That's exactly the situation one Reddit user shared recently, sparking a heated debate about ethics, business loyalty and the pursuit of personal success. The poster explained that their boss bought the business after her husband passed away. She hired them to help run it,
- Fortune
Amazon’s ‘flywheel’ created a $2.4 trillion company—Netflix’s blowout earnings show how the streaming company is replicating the tactic
More subscribers equal more revenue, which leads to more content investments, which lead to more engagement, which leads to more subscribers once again. And that’s before the ad business really starts clicking.
- Simply Wall St.
Top 3 Dividend Stocks To Consider For Your Portfolio
As global markets experience a boost from easing inflation and strong bank earnings, investors are increasingly optimistic about potential rate cuts later in the year. With major U.S. stock indexes rebounding and value stocks outpacing growth shares, dividend stocks present an attractive option for those seeking steady income streams in a dynamic market environment.
- Entertainment Weekly
Justin Baldoni's lawyer in Blake Lively dispute once represented client who sued him
Hollywood attorney Bryan Freedman previously represented Travis Flores, who accused Baldoni of stealing ideas from an unproduced screenplay and using them in his directorial debut.
- Reuters
BofA, JPMorgan to lobby White House, Congress after conservative criticism
NEW YORK (Reuters) -Bank of America and JPMorgan are set to lobby the White House and Congress to defend themselves from accusations by President Donald Trump and others that they have shut down accounts of conservative customers on political grounds. The banks said they need clearer guidance from the government on how best to police money laundering and provide services across a range of industries. On Thursday, Trump singled out JPMorgan Chase and Bank of America, saying they did not provide banking services to conservatives.
- Associated Press
Trump pumps coal as answer to AI power needs but any boost could be short-lived
President Donald Trump’s promise to go all in on fossil fuels includes praise for coal, a reliable but polluting energy source that's long been in decline. Trump this week suggested coal can help meet surging electricity demand from manufacturing and the massive data centers needed for artificial intelligence. “It's kind of been shown over the last three administrations even the president of the United States can't change markets, the trend for coal," said University of Wyoming economics professor Rob Godby.