Author: Money Mechanics

Being the richest person in world history comes with its own headaches, and Elon Musk has a migraine-sized one when it comes to his legal battles. Tesla is being sued for autopilot crashes, for misleading statements about Robotaxi, and for alleged workplace discrimination. Musk himself was recently in court for his lawsuit against OpenAI, and the NAACP is suing Musk over xAI’s use of polluting gas turbines at a Mississippi data center. He even recently lost a paternity case filed by his baby’s mother. It’s safe to say that the court system is simply a part of his life at…

President Donald Trump said Friday he will not sign a housing bill that Congress passed in June with overwhelming bipartisan support, setting the stage for it to automatically become law at 12:01 a.m. ET Saturday.Trump said he was withholding his signature from the housing bill in protest over the Senate’s failure to pass the controversial election security legislation known as the SAVE America Act.The president did not say he would veto the housing bill, which seeks to lower costs for homebuyers and rein in institutional investors.And the Constitution says that if the president does not veto a bill within 10…

DigiPub/Moment via Getty ImagesFollow ZDNET: Add us as a preferred source on Google.ZDNET’s key takeawaysYou can run RHEL now for as long as you’re willing to sign up for annual contracts.This plan provides critical security patches, urgent bug fixes, and 24×7 technical support.There is no standard price. You’ll need to negotiate with Red Hat for your specific case. Once upon a time, and it wasn’t that long ago, enterprise Linux distributors offered 3 to 5 years of support. Then, starting in the 2020s, Red Hat, SUSE, and Canonical, the top Linux companies, started offering up to a decade or more of…

(Oil & Gas 360) By Greg Barnett, MBA – Hanging in my office is a Bowles map published in 1783, the year America secured its independence. Among the rivers, settlements, mountains, and boundaries of a young Republic appears a single word in western Pennsylvania: Petroleum. The resource was known.  The opportunity was not. For nearly eighty years, the hydrocarbons beneath those hills remained largely a curiosity. They seeped from the earth, appeared on maps, and attracted occasional interest. Yet no industry emerged. No drilling programs followed. No pipelines crossed the countryside. No refineries were built. The resource existed. What was…

South Korean semiconductor giant SK hynix began trading on the Nasdaq Stock Market on Friday, completing the second largest U.S. share sale ever. This will help the global AI infrastructure leader connect to one of the deepest and most liquid capital markets in the world.The Icheon-based company opened for trading at $170 per American Depositary Share, above its initial pricing of $149. Kwak Noh-Jung, President & CEO of SK hynix, celebrated the offering as a pathway to global investment.”[Today’s listing] opens a new door to investors around the world. Our ADR listing makes access easier. We are pleased to welcome…

Alice Terrell, left, and her caregiver Frances McDaniel at lunch at Terrell’s home in Columbus, Ohio, January 31, 2005. (Photo by Neal C. Lauron/MCT/Tribune News Service via Getty Images)Tribune News Service via Getty ImagesThe Department of Justice’s decision to stop protecting the right of people with disabilities to remain in their homes will make it easier for states to slash home care benefits in response to deep federally-mandated cuts in Medicaid funding. The decision, effectively a federal get-out-of-jail-free card for states, will harm many vulnerable people, including older adults. The DOJ said it will no longer enforce a nearly 30-year-old…

“Landman” actress Ali Larter has made clear that she has no regrets about swapping Los Angeles for a remote family home in Idaho—sharing a series of photos of an idyllic weekend she spent with her loved ones at her mountain retreat. Larter, 50, relocated to Sun Valley, ID, from California with her husband, Hayes MacArthur, and their children, Theodore, 15, and Vivienne, 11, during the COVID-19 pandemic and the family has not looked back, instead investing heavily in their life in their new home state, where they have built a stunning custom home.Now, the “Legally Blonde” star has shared a…

Majority-owned U.S. affiliates of foreign multinational enterprises employed 8.57 million workers in the United States in 2024, a 0.2 percent increase from 8.56 million workers in 2023, according to statistics on U.S. affiliate operations and finances released today by the U.S. Bureau of Economic Analysis. U.S. affiliates accounted for 6.1 percent of total private-industry employment in the United States in 2024, down from 6.2 percent in 2023. By sector, employment was largest in manufacturing and in retail trade. U.S. affiliates with ultimate beneficial owners (UBOs) in the United Kingdom, Japan, and Germany were the largest contributors to employment. Current-dollar value…

04 Jun 2024 By Ciaran Nerval Volume housebuilder Vistry Group has agreed terms with Blackstone Real Estate and Regis Group for the sale of a 1,750-home portfolio. Already registered or subscriber? Please log in to continue reading Want to keep reading? Unlock your free article — Your gateway to Property Intelligence Register FREE and enjoy one complimentary article every month, packed with: Daily market briefings so you act faster on deals and developments Finance insights to manage risk and spot opportunities. Expert analysis that informs strategy and builds credibility Sector-specific intelligence to identify risks…

In March, Bluesky’s longtime CEO, Jay Graber, stepped down from that role to become its chief innovation officer. Graber was immediately succeeded by Toni Schneider, the founding CEO of Automattic, which is the company behind WordPress and Tumblr. Schneider, who has led the company as interim CEO for the past four months, is now dropping the “interim” status and becoming its permanent chief executive. “I’m four months into my interim CEO role at Bluesky, and it’s time for an update,” Schneider wrote on his personal blog. “Most importantly, as of today, the interim part of the title is gone. I’m…