Articles for category: Business, News

Sunita Somvanshi

Representative Image. Elon Musk.

Elon Musk and Grimes Finalize Custody for Three Kids in $330 Billion Texas Court Battle Spanning Two States

The Travis County District Court told Business Insider that it finalized custody arrangements between Tesla CEO Elon Musk (net worth over $330 billion) and musician Claire Boucher (Grimes) in August 2024, concluding a multi-jurisdictional parental rights dispute. The case, filed under docket privacy protocols, addressed custodial determinations for X Æ A-12 (age 4), Exa Dark ...

Govind Tekale

Gautam Adani

Gautam Adani Charged in $265 Million Bribery Scandal Over Indian Solar Energy Contracts

The US Department of Justice has unveiled criminal charges against Gautam Adani and specifically named executives Sagar Adani, Vineet Jain, Ranjit Gupta, Rupesh Agarwal, Cyril Cabanes, Saurabh Agarwal, and Deepak Malhotra alleged that there was an over $250 million bribery scheme to secure Indian solar energy contracts. The case, filed in Brooklyn federal court, marks ...

Representative Image.

Elcid Investments’ 66,92,535% Rise Makes It India’s Most Expensive Share: From Pennyworth Stock ₹3.53 to ₹2,36,250

In a jaw-dropping turn of events, Elcid Investments Ltd, an obscure Indian investment company, has skyrocketed to become India’s most expensive stock. On Tuesday, October 29, 2024, Elcid’s shares were relisted on the Bombay Stock Exchange (BSE) at an astonishing price of ₹2,36,250 apiece, surpassing the previous record-holder, MRF, by a wide margin. Just a ...

Abercrombie & Fitch Dadeland Mall Miami.

Abercrombie & Fitch’s Rebranding Pays Off: 400% Stock Jump, but Legacy Issues Linger as Former CEO’s Legal Troubles Continue

Over the past decade, Abercrombie & Fitch (A&F) navigated a remarkable business transformation that saw its stock rise more than 400% following the 2014 departure of former CEO Mike Jeffries. Under the leadership of current CEO Fran Horowitz, who took the helm in 2017, the company methodically dismantled its controversial past to establish what Horowitz ...

Melania Trump.

Melania Trump: The Millions of Dollars Journey of a Slovenian First Lady Balancing Politics and Business

From Slovenia to the White House, Melania Trump’s journey intertwines fashion, business, and politics. Born as Melanija Knavs, in Novo Mesto, Yugoslavia, on April 26, 1970, she has built a reported $50 million net worth through modeling, entrepreneurship, and her role as First Lady. Let’s explore the economic impact and business strategies behind her public ...

Govind Tekale

Associate Justice Brett Kavanaugh.

FBI Kavanaugh Investigation Labeled a ‘Sham’ as Report Reveals Missed Witnesses, Thousands of Untouched Tips

A new report released on October 8, 2024, by Democratic Senator Sheldon Whitehouse unveils concerning details about the FBI’s 2018 supplemental background check into Supreme Court Justice Brett Kavanaugh. The findings, the result of a six-year investigation, allege that the Trump administration significantly restricted the scope of the FBI’s inquiry, preventing a comprehensive examination of ...

Brand new Behind the Scenes production still of Joaquin Phoenix and Leigh Gill on the set of JOKER: FOLIE À DEUX

Joker: Folie à Deux’ Sequel Leaves Audiences Puzzled and Divided as Opening Weekend Box Office Stumbles

The highly anticipated sequel to 2019’s “Joker” has hit theaters, but the reception is far from what fans expected. “Joker: Folie à Deux,” starring Joaquin Phoenix and Lady Gaga, has sparked controversy and confusion among viewers and critics alike. Box Office Stumble and Critical Response Early screenings of the film grossed only half of what ...

Sunita Somvanshi

The Federal Reserve headquarters in Washington, DC

Federal Reserve Slashes Interest Rates by 0.5% in First Move Since Pandemic—What’s Next for Inflation, Employment, and Mortgage Costs?

The Federal Reserve slashed interest rates by half a percentage point on Wednesday, marking its first rate reduction since the early days of the COVID-19 pandemic. The central bank’s aggressive move signals a pivot from its inflation-fighting stance to one more focused on maintaining employment levels. Fed Chair Jerome Powell spoke to reporters citing the ...