Business

[ad_1] Larry Kramer, longtime president of the William and Flora Hewlett Foundation, doesn’t think it’s healthy for an executive to lead the same organization for more than 15 years. The problem, he says, is that it takes 10 years for a leader to get anything done. Nevertheless, Kramer, known for his early support of the fight against climate change, will…

[ad_1] Supreme Court Justice Clarence Thomas’ decadeslong friendship with real estate tycoon Harlan Crow and Samuel Alito’s luxury travel with billionaire Paul Singer have raised questions about influence and ethics at the nation’s highest court. In early January 2000, Supreme Court Justice Clarence Thomas was at a five-star beach resort in Sea Island, Georgia, hundreds of thousands of dollars in…

[ad_1] “Wonka” debuted with $39 million in box office sales in U.S. and Canadian theaters over the weekend, according to studio estimates Sunday. That made it a strong start for the Timothée Chalamet -starring Willy Wonka musical that underscored the young star’s draw. Musicals have been tough sells in theaters in recent years, so much so that Warner Bros. downplayed the song and…

[ad_1] Barbie was much more than the highest-grossing movie of the year, though raking in $1.4 billion worldwide was certainly impressive. For Mattel, the blockbuster sparked a boom in Barbie toy sales—and helped the toymaker avoid the kind of terrible year that Hasbro and other rivals are having. This week, Hasbro announced it would cut nearly 20% of its staff,…

[ad_1] General Motors plans to lay off 1,300 workers after deciding to end production of two of its models. The Orion Assembly plant in Orion Township, Mich., will bear the brunt of the cuts, with 945 workers facing layoffs as the facility winds down production of the Chevrolet Bolt and will be retooled to manufacture electric trucks. Another 369 employees…

[ad_1] Why we like this card: The Chase Freedom Flex℠ card has $0 annual fee, and users can earn a hefty 5% cash back on activated bonus category purchases each quarter (up to $1,500 in purchases, then 1 percent). With additional benefits like an extended introductory annual percentage rate (APR) period, cell phone protection, and car rental collision coverage, this…

[ad_1] Bill Ackman denied that his weeks-long crusade against Harvard University and its president was driven by resentment toward his alma mater, but acknowledged a “serious” dispute with the school over a donation he made in 2017. “To be extremely clear, my advocacy on behalf of antisemitism, free speech on campus, and my concerns with DEI at Harvard have absolutely…

[ad_1] Why we like this card: The Instacart Mastercard® caters to those who frequently order groceries through the Instacart delivery platform. However, that’s just one of many perks the card has to offer. With competitive cash back rates and a host of other benefits and protections—all with no annual fee—the Instacart Mastercard is an attractive option for just about anyone…

[ad_1] Ed Yardeni believes inflation is fading, the Federal Reserve is done raising interest rates, and, with AI advancing at a breakneck pace, stocks are set to soar. By 2025, the famed market watcher and founder of Yardeni Research sees the S&P 500 jumping nearly 30% to 6,000.  “Christmas is in two weeks. This year’s Santa Claus rally started early…Will…

[ad_1] BYD, an electric-vehicle maker in China that’s close to overtaking Tesla in global EV sales, shared a video earlier this year that sent shivers through the auto industry. The narrator urged China’s EV makers—all BYD rivals—to “demolish the old legends and achieve new world-class brands.” It isn’t impossible. A key advantage for Chinese EV makers as they go global…