Musk and Trump host late glitch delayed X talk
Elon Musk and Donald Trump held a two hour plus session on X that started about 40 minutes late amid cyberattack claims and a rehashed rally tone. Musk floated a possible government commission role and praised Trump while Trump touted support and highlighted EV policy implications. listeners counted as high as 1.3 million as Musk and Trump aimed to energize Trump’s campaign with Musk’s wealth and tech sway.
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Labor labor practice complaint over firing comments by Trump Musk
The United Auto Workers filed unfair labor practice charges with the NLRB against Donald Trump and Elon Musk after social media remarks about firing striking workers. The union alleges interference with workers’ rights to join a union, while Trump campaign aides call the allegations frivolous. The NLRB will investigate one against the Trump campaign and one against Tesla Inc.
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Stocks Rally on Inflation Data to Start Week
U S stocks posted one of their best days of 2024 as the S P 500 jumped 1.7 percent, the Dow gained 408 points and the Nasdaq rose 2.3 percent after inflation at the wholesale level slowed more than expected. Nvidia led gains with a 6.5 percent rise as the Magnificent Seven pushed broadly higher, while Home Depot beat forecasts but lowered full year outlook amid high rates and cautious shoppers. The market weighs potential Fed rate cuts as earnings show mixed signals about consumer demand and economic momentum.
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Starbucks names Niccol as new chair and CEO
Chipotle veteran Brian Niccol becomes Starbucks chairman and chief executive to revive sagging sales. He expanded marketing and loyalty at Chipotle, boosted product innovation and store operations, and added employee tuition benefits. Starbucks faces 38,000 stores globally versus Chipotle’s 3,500, plus the challenge of balancing mobile ordering with in cafe experience.
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Starbucks plans Narasimhan era turnaround amid union hurdle
Tengler cites long waits and a surge of mobile orders eroding in store experience at Starbucks while Niccol shapes a turnaround plan. The fate of the union drive at Starbucks remains unclear as labor talks resume this year under Narasimhan. past opposition by Schultz contrasts with current pivot. In U.S. stores since 2021, over 475 have voted to unionize. Ford and Mazda warn owners of 475k+ older vehicles about Takata air bag inflators that could explode. recalls remain unaddressed with repair options, towing or loaners offered, and guidance to avoid driving unrepaired cars.
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