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Slack CEO Will Step Down in January

No more morning brush notifications for this guy. Slack CEO Stewart Butterfield announced Monday he plans to leave the software company a little over a year after Salesforce acquired it for $28 billion, and he’s not alone. Where’d Everybody Go?…

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Tesla Denies Claims It Will Make Fewer Model Ys in China

Tesla

Tesla’s Shanghai plant was like Schrödinger’s car factory yesterday, occupying two possible realities. On Monday, gossip spread that Tesla would cut back its electric vehicle production in the Paris of the East, but just a few hours later, Tesla denied…

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Glencore to pay $180 Million to Democratic Republic of Congo

That’s one expensive apology tour. Swiss mining and commodities titan Glencore announced Monday that it has reached an agreement with the government of DRC to pay $180 million to make up for ten years of titanically corrupt behavior in the…

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Delta Proposes More than 30% Pay Increases in New Pilot Contract

(Photo credit: Trac Vu/Unsplash)

Delta pilots have entered smooth air ahead of the holidays. The airline is offering pilots 34% raises as part of a new contract proposal after aviators began pressuring a resurgent airline industry for better pay and benefits. Soaring Demands Pandemic…

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Italy’s Prime Minister Wants to Prioritize Cash

In Italian culture, there are some things you don’t mess with, like the simplicity of a cacio e pepe, the cut and polish of Persol sunglasses, the unisex design of a classic Vespa Siluro — or paying in cash. In…

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OPEC+ Wants to Keep Curbing Oil Production

OPEC+ is sticking to its guns. On Sunday, the 24-member strong cartel of oil-producing nations OPEC and OPEC+ announced they will adhere to the plan they agreed to in October and continue to restrict supply by 2 million barrels a…

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Blackstone to Sell Stakes in Vegas’ MGM and Mandalay Bay Casinos

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Always bet on Black…stone. On Thursday, investment firm Blackstone agreed to sell its minority stake in two Las Vegas hotels in a deal that values the properties at $5.5 billion, according to The Wall Street Journal. The transactions continue Blackstone’s…

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Rolex Starts Certifying Pre-Owned Watches

Rolex is known for its innovative, fast-moving seconds hand — and for countless fake second-hand watches bearing its storied name. But on Thursday the Swiss timepiece titan announced it’s launching its very first certification program for pre-owned watches. The company…

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First OTC Overdose-Reversal Medication Could Soon be on the Way

Over 100,000 Americans died of a drug overdose during the 12 months ending in March, according to CDC data, a disturbing 44% increase from just two years prior. Thankfully, a powerful new tool to fight the epidemic may soon be…

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US Disputes Trade as Mexico Plans to Ban Genetically Modified Corn

Mexico cracked corn and the US does care. Mexico will ban all genetically modified corn by 2024. That’s not sweet news for the US, which is now threatening legal action over the sweeping policy change. It’s Corn! It’s Got the…

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Tale of the Tape: Warren Buffett and Cathie Wood

Extra Credit: The Shifting World of Private Credit Markets

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