Renowned short seller Jim Chanos vehemently denied the accusations against him, describing them as “false, baseless, and defamatory.” In an interview with CNBC’s Scott Wapner, Chanos addressed the lawsuit filed by Conlon Holdings, a company run by Sean Conlon, alleging that Chanos embezzled funds for personal use. The lawsuit claimed that Chanos treated his firm
Legal
Nissan has recently issued a warning to owners of older vehicles, advising them to refrain from driving cars that are equipped with recalled Takata airbags. The National Highway Traffic Safety Administration (NHTSA) revealed that approximately 83,920 vehicles are affected by this alert. These vehicles include models such as the 2002-2006 Nissan Sentra, 2002-2004 Nissan Pathfinder,
Many self-employed individuals are considering hiring their own children to take advantage of tax benefits and other advantages. While this topic has gained popularity on social media platforms like TikTok and Instagram, it is crucial to separate fact from fiction when it comes to the regulations surrounding this practice. Certified financial planners and tax professionals
The journey towards economic equality for women has been an arduous one, with systemic barriers spanning centuries. Author Josie Cox delves deep into the past to shed light on the struggles women have faced in catching up to men economically. From the Women’s Business Ownership Act in 1988 to the ban on women entering Ivy
The United Auto Workers union recently challenged the results of the organizing vote at a Mercedes-Benz plant in Alabama, where workers voted against union representation. Among the claims made by the UAW are allegations that the German automaker fired four pro-union workers, forced workers to attend anti-union meetings, and interfered with workers’ ability to advocate
Norfolk Southern, a major railway company, has reached a settlement agreement to pay a substantial sum of $310 million to address the aftermath of a toxic train derailment that occurred in East Palestine, Ohio, in February 2023. The company disclosed that a significant portion of the settlement, approximately $235 million, will be allocated towards covering
The U.S. Department of Justice, along with 30 states, has filed a lawsuit against Live Nation, the parent company of Ticketmaster, over alleged antitrust violations. This legal action stems from a DOJ investigation that began in 2022, focusing on whether Live Nation holds a monopoly within the ticketing industry. The probe was initiated after fan
The S&P 500 recently reached a new record close, with a remarkable 53% increase since the peak of inflation in 2022. Experts at the CNBC Financial Advisor Summit highlighted the positive outlook for equities, with Savita Subramanian from Bank of America expressing a strong confidence in the market. Despite concerns such as wealth inequality and
The Consumer Financial Protection Bureau recently announced new regulations for the growing buy now, pay later (BNPL) industry. According to the agency, BNPL lenders must adhere to the same federal protections as traditional credit card providers under the Truth in Lending Act. This means that companies like Affirm, Klarna, and PayPal must comply with rules
Klarna, a Swedish financial technology company, has recently revealed that an overwhelming majority of its workforce is utilizing generative artificial intelligence tools in their daily work routines. This adoption of AI technology has significantly impacted various departments within the company, leading to increased efficiency and streamlined operations. With over 87% of Klarna’s employees now incorporating