Investment firm Engine No. 1, which last week won at least two seats on Exxon Mobil Corp’s board, is planning to launch an exchange-traded fund that will focus on socially conscious investing, according to a regulatory filing. The portfolio will be called the Engine No. 1 Transform 500 ETF and will invest in the consumer,...Read More
Would you like fries with your Tesla-burger? Elon Musk-owned Tesla has filed new trademarks to use its branding under a potential restaurant. The electric carmaker filed for three trademarks last week that would allow the company to use its brand in the restaurant business. One mark Tesla filed for May 27 is for the word...Read More
Instacart reportedly has a plan to replace many of its gig workers with robots. The supermarket delivery app has been angling for nearly a year to build fulfillment centers that rely on robots instead of personal shoppers to pluck packaged goods from shelves, although the plan faces major delays, according to a Bloomberg report. The...Read More
Sotheby’s will auction off the world’s first known NFT this week — and is pulling out all the stops as it attempts to give historical weight to the red-hot digital art craze. Kevin McCoy’s “Quantum” — a simple red, blue and pink image which was created in May 2014 — will be sold alongside 26...Read More
The US Supreme Court on Tuesday declined to hear Johnson & Johnson’s bid to overturn a $2.1 billion verdict against it in favor of women who said the company’s talc products contain asbestos and can cause ovarian cancer. Without comment, the justices turned away J&J’s appeal, leaving in place a Missouri state court ruling that...Read More
Teslas built in the company’s new Austin factory will almost certainly have to be shipped out of Texas before they can be sold to buyers in the state — and Elon Musk is not happy. Under Texas law, automakers are currently forbidden from selling vehicles directly to customers. Texas lawmakers were considering a bill that...Read More
Doughnut chain Krispy Kreme on Tuesday unveiled its filing for an initial public offering, revealing that it plans to trade on the Nasdaq under the ticker symbol “DNUT.” The 83-year-old company, which is owned by European conglomerate JAB Holding, announced its plans to go public last month. In its filing unveiled Tuesday, the company said...Read More
French investigating judges questioned the high-flying auto executive-turned-international fugitive Carlos Ghosn for several hours in Beirut on Monday. Ghosn, who simultaneously led three automakers as part of the Nissan-Renault-Mitsubishi alliance, has been fighting multiple probes since fleeing Japan in late 2019 in a daring escape that allegedly involved an ex-special forces soldier who helped Ghosn...Read More
Jeff Bezos isn’t the only one spending big on a new boat. Boat sales and rentals spiked in 2020 as Americans searched for pandemic-friendly summer activities, and it doesn’t look like interest has fallen off yet this year. Charity Garey, co-owner of Lakeshore Marina in Chattanooga, Tennessee, told WRCB-TV that they’ve been completely booked with...Read More
If you stopped by Morey’s Piers & Beachfront Water Parks in Wildwood, NJ, this Memorial Day weekend, you may have seen the chief financial officer slinging tickets. The company’s housing safety manager was running rides, and one of the lead carpenters was working the grill, vice president of human resources Denise Beckson said. The Jersey...Read More
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