Online broker Robinhood Markets will join the S&P 500 index after riding the popularity of cryptocurrencies to profitability and an all-time high stock price. The company is set to join the benchmark index on Sept. 22, along with mobile technology platform AppLovin and construction company Emcor Group. Robinhood is having one of its best years [...]
WASHINGTON (AP) — President Donald Trump last week signed an executive order aimed at rebranding the Department of Defense as the Department of War. Trump said the switch was intended to signal to the world that the United States was a force to be reckoned with, and he complained that the Department of Defense’s name [...]
Elon Musk’s SpaceX has reached a deal worth about $17 billion with EchoStar for spectrum licenses that it will use to beef up its Starlink satellite network. The deal for EchoStar’s AWS-4 and H-block spectrum licenses includes up to $8.5 billion in cash and up to $8.5 billion in SpaceX stock. SpaceX will make approximately [...]
The Trump administration last week said that it is abandoning a Biden-era plan that sought to require airlines to compensate stranded passengers with cash, lodging and meals for flight cancellations or changes caused by a carrier. The proposed rule would have aligned United States policy more closely with European airline consumer protections. It was proposed [...]
A $21 million jury verdict against Vail Resorts for a paralyzing ski lift fall shows that liability waivers — those documents often written in legalese that people must sign before taking part in an activity— aren’t ironclad legal protection for businesses in the recreation industry, according to attorneys with experience in similar cases. If a [...]
SAN FRANCISCO (AP) — A federal jury has ordered Google to pay $425.7 million for improperly snooping on people’s smartphones during a nearly decade-long period of intrusions. The verdict reached last week in San Francisco federal court followed a more than two-week trial in a class-action case covering about 98 million smartphones operating in the [...]
Tesla CEO Elon Musk could be in line for a payout of $1 trillion if his electric car company meets a series of aggressive targets over the next 10 years, according to documents released by the company. Tesla, which is leaning into robotics and AI, said in a regulatory filing that the package has a [...]
WASHINGTON (AP) — LSD reduced symptoms of anxiety in a midstage study published last week, paving the way for additional testing and possible medical approval of a psychedelic drug that has been banned in the United States for more than a half century. The results from drugmaker Mindmed tested several doses of LSD in patients [...]
WASHINGTON (AP) — Employers added 22,000 jobs last month, according to a new federal government report. Hiring decelerated from 79,000 in July, the Labor Department said last week, and came in below the approximately 80,000 jobs that economists had expected for August. The unemployment rate ticked up to 4.3 percent, higher than expected and the [...]