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Justin Sullivan/Getty Images News "Making macroeconomic prognostications is a recipe for disaster," Elon Musk said on Thursday evening, before noting that the US economy is likely to see a "relatively mild recession for something like 18 months." Indeed, the comments proved inauspicious for Tesla (NASDAQ:TSLA) stock on Friday as shares…

Just how much content has Warner Bros. Discovery axed since the WarnerMedia merger just a few months ago? $825 million worth. The company disclosed in a regulatory filing Friday that it has taken a $825 million write-down on content following the deal. That figure includes a $496 million impairment on content, as well as…

A worker who was shot at a McDonald’s restaurant in Brooklyn during a dispute over cold fries has died. Twenty-three-year-old Matthew Webb was shot in the neck by an angry customer outside the Bedford-Stuyvesant restaurant where he was an employee. Authorities confirmed on Friday that Mr Webb has been taken off life support, The New York Post…

The logo of car manufacturer Tesla is seen at a branch office in Bern, Switzerland October 28, 2020. REUTERS/Arnd WiegmannRegister now for FREE unlimited access to Reuters.comRegisterAug 5 (Reuters) - Tesla Inc (TSLA.O) said on Friday trading in its three-for-one split shares will start on Aug. 25, after the electric vehicle maker's shareholders…

The Federal Reserve will face more urgency in its fight to cool down the US economy with steep interest rate increases after the latest batch of labour market data showed an unexpected acceleration in jobs gains and strong wage growth. The figures released on Friday eased concerns that the American economy was sharply slowing down or…

Comment on this storyCommentAmazon devices are listening, watching and will soon be cleaning up after you.The e-commerce giant will acquire iRobot — best known for its robotic vacuum Roomba — under a $1.7 billion all-cash deal, the latest step in its push into the home. From fitness wearables to streaming devices to its Alexa digital assistant,…

Breadcrumb Trail Links PMN Business Former Treasury Secretary Lawrence Summers said he’s concerned that a slowing in headline inflation in upcoming data will prompt the Federal Reserve to conclude its policies are working, when much more action is in fact needed. Author of the article: Bloomberg News Christopher Anstey…

More than 1,400 flights scheduled to take place Friday within, coming into or leaving the U.S. have been canceled, according to flight tracking website FlightAware, as airlines continue to struggle with timely departures this summer.  Along with 1,482 cancellations, airlines had more than 7,000 delays on Friday within, into or out of the…

Dow Jones futures will open on Sunday evening, along with S&P 500 futures and Nasdaq futures. The stock market rally had a generally positive week, with the Nasdaq and small caps leading the way. X But with the major indexes at resistance levels following strong recent gains, the market rally showed resilience amid some mixed…

Check out what's clicking on FoxBusiness.com. Buyers of a majority of electric-vehicle models would not qualify for a $7,500 tax credit under a Democratic proposal in the U.S. Senate. That's according to a group of major automakers.Automakers have been privately concerned about the proposal's requirements for vehicles' batteries and…