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The housing market’s seller strike is so ruthless that only 7 of the nation’s 200 largest markets are back to pre-pandemic inventory levelsIn surprise shakeup, Tesla executive considered to be a top successor to Elon Musk has left after 13 years—’which is like working 50 for anyone else’Billionaires partying in the Hamptons take swipes at New York as ‘deteriorating,’ crime-ridden, and in need of ‘new management’These workers stuck in low-wage jobs saw their salaries nearly double in 3 months thanks to this nonprofit‘It’s deeply concerning’: Detroit police are under fire after using facial recognition tech to arrest a pregnant woman in a carjacking caseElon Musk’s Neuralink raises $280 million in its quest to implant chips inside human brainsThe Mega Millions jackpot has ballooned to $1.55 billion—the third-biggest ever—after 31 drawings pass without a winnerOver $200 billion of Apple’s market cap has vaporized since Thursday. Here’s what’s going onWhy did Tesla CFO Zach Kirkhorn unexpectedly step down? 3 theoriesYour family will probably spend $890 on back-to-school shopping this year, retail trade group saysAs PayPal joins the fray, the stablecoin wars draw ever closerThe summer of strikes could spread to the Big 3 automakers as the UAW sits on $825 million in strike pay: ‘It’s up to Ford, General Motors and Stellantis’Beyoncé is her own transit system: The superstar paid $100,000 to keep D.C. subways running an extra hour after a severe weather delayCampbell Soup agrees to buy Sovos Brands, maker of Rao’s pasta sauce, for $2.7 billion as it looks to build a ‘$1 billion sauces business’S&P 500 companies are beating analysts’ earnings estimates—but investors should ‘avoid chasing this recent market rally,’ wealth managers argueTrouble continues to mount in the office real estate sector: ‘You can’t get a loan today…there’s no liquidity in the marketplace’Can carbon dioxide removal really help save us from ’global boiling’? The U.S. government is intensifying its push to find outBoomer retirees’ 2024 cost-of-living adjustment is still set to get slashed by more than half Threads is finally getting a web version, but will that bring users back?Behind the scenes of Coinbase’s ambitious new Base blockchain, and what to expect from ‘on-chain summer’Tesla’s valuation grew from $50 billion to $773 billion while Zach Kirkhorn was CFO. Now he’s leavingThe world’s third-biggest company just saw its profits plummet 38%—but still paid shareholders $19.5 billion in dividendsAustrians are so worried their colorful cash might die out they’re trying to enshrine its use as a constitutional rightSEC Chair Gary Gensler predicts A.I. ‘will be the center of future crises, future financial crises’Elon Musk says he might need surgery to prepare for Zuckerberg cage match just hours after vowing to live-stream it on X/TwitterThe Tesla CFO who oversaw consistent profits, an investment grade rating and was even ‘Master of Coin,’ is leaving after 13 years at the companyGoldman’s ‘supercycle’ commodities guru is out just months after saying he’s ‘never been this wrong for this long’Crypto’s next crisis? A Tether selloff and Huobi’s rumored insolvency spell troublePayPal launches stablecoin after pausing development amid regulatory scrutinyCanva CEO Melanie Perkins sees one major problem with A.I. right nowEmployers plan to raise pay next year as inflation and salary transparency lead to higher compensation expectationsForcing workers back to the office may be backfiring: Flexible workplaces are hiring talent twice as fast as those requiring full-time attendanceMark Zuckerberg says Elon Musk won’t confirm a date for billionaires’ cage fight—and the Meta boss is ‘not holding my breath’Bud Light’s downfall marks a seismic shift in consumer behavior–and parent company AB InBev doesn’t seem to get itStartups are selling off their assets on the cheap—and that could spell big opportunity for competitors and VCsTop HSBC boss calls the U.K. ‘weak’ for taking sides with the U.S. against ChinaRegulators are cracking down on banks that cater to fintechs. Here’s how CFOs can prepareWarren Buffett protégé Tracy Britt Cool says she capitalized on rejection to get to the top Barbie’s $1 billion box office haul caps the summer of the female dollarElon Musk says the fight with Mark Zuckerberg is on—he just needs an MRI firstTrucking giant Yellow files for Chapter 11 bankruptcy—it owes the U.S. government over $700 millionUkrainians are moving to North Dakota to fill shale oil field workforce shortage and help families facing war back homeBiden’s new plan to cancel $39 billion in student loans has been hit by a lawsuit from 2 conservative groups that want to block itBosses, beware: The ‘sickest day of the year’ for American workers is August 24thZoom cashed in on work from home—but even this firm is telling employees to return to the office now
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