The FDA has approved a lab-grown meat product for human consumption

The US Food and Drug Administration has given a safety clearance to lab-grown meat for the first time. Upside Foods, a California-based company that makes meat from cultured chicken cells, will be able to begin selling its products once its facilities have been inspected by the US Department

A disabled employee sues Twitter over Elon Musk's ban on remote work.

Twitter Inc owner Elon Musk's mandate that employees stop working remotely and put in "long hours at high intensity" discriminates against workers with disabilities, a new lawsuit claims. Dmitry Borodaenko, a California-based engineering manager who said Twitter fired him this week when he refused to

How have tech layoffs affected stocks? A quick look at the data.

Tl;dr: * Tech layoffs have an impact on stock price. * Flow might dictate some directional movement after announcement 2022 Tech Layoffs have been a hard hit to the job market the last few months, with upwards of 120,000 people being relieved from their duties in the process. Layoffs can

Average 401(k) balances plunged 23% year-over-year

Per CNBC: The average 401k balance sank for the third consecutive quarter and is now down 23% from a year ago to $97,200, according to a new report by Fidelity Investments, the nation's largest provider of 401(k) plans. The financial services firm handles more than 35

FTX used corporate funds to purchase employee homes

Per CNBC: Corporate funds were used to purchase homes in the Bahamas and "personal items" in the name of employees and advisors of FTX, a bankruptcy declaration said, days after the penthouse apartment of founder Sam Bankman-Fried was listed for nearly $40 million. It is not immediately

House Republicans are opening up an investigation to determine the extent of President Joe Biden’s involvement in his son Hunter’s business dealings

At a press conference held on Thursday morning, Representatives James Comer (R., Ky.) and Jim Jordan (R., Ohio) announced that House Republicans would be opening up an investigation to determine the extent of President Joe Biden’s involvement in his son Hunter’s business dealings. According to Comer and Jordan,

FTX Lawsuit Spreads to Celebrities that Promoted the Platform

Per Variety Here's the list of celebrities being sued for promoting FTX: * Tom Brady - NFL * Stephen Curry - NBA * Shaquille O'Neal -  NBA * Udonis Haslem - NBA * Trevor Lawrence - NFL * Shohei Ohtani - MLB * David Ortiz - MBL * Naomi Osaka - No. 1 tennis player in singles by the WTA * Larry David

SpaceX fired employees critical of Elon

Some SpaceX employees circulated the letter on June 15, urging the company to denounce the billionaire's "harmful Twitter behavior," per The Times. The letter followed an Insider report in May about SpaceX settling a sexual harassment claim against Musk, which he made jokes about on Twitter.

GLBE Stock Plunged: Here’s What Happened

The Situation Global-E Online Ltd (NASDAQ: GLBE) shares -- an Israel-based company operating as a software publisher and developer of Global-e, which enables direct-to-consumer cross-border e-commerce -- plunged on Thursday after the company cut revenue and gross merchandise value (GMV). As of 12:00 PM.

Airbnb Reports 'Disproportionate' 31% Increase in Single-Room Listings During Q3

Per Reuters Airbnb reports a "disproportionate" 31% increase in single-room listings during the third quarter. This comes as 46% of hosts are looking for extra income for 46% of hosts say they used their earnings for food and other items. 10% said they used their earnings to

Elon Musk has a Possible Successor in Mind for His Position at Tesla as CEO

Per Electrek Elon Musk has a possible successor in mind for the position of Tesla CEO. Musk has been the CEO since 2008-2009 after co-founder Martin Eberhard was ousted. A Tesla investor sued Tesla for Musk's $54 billion compensation plan for his work as CEO, claiming

Twitter Ex-CEO Jack Dorsey Says He Won't Retake His Role | Elon Musk Still On the Search

Per Reuters and CNN Twitter ex-CEO Jack Dorsey was asked if he would accept the position of company CEO if asked. He said, "nope." Elon Musk recently said he expects to reduce his time at Twitter and "find somebody else to run Twitter, over time."

NYC Proposes $23.82 Minimum Pay Rate Target by 2025 for App-Based Food Workers

Per Bloomberg and The City The Department of Consumer and Worker Protection proposed via public notice that app-based food delivery workers should be paid at least $23.82/hour plus tips by 2025. A 2021 local law mandates the highly anticipated pay scale. The law requires a minimum wage

Kevin O'Leary said he'd invest in SBF again

Per Gizmodo: Kevin O’Leary, an investor best known from the show Shark Tank, was asked on Tuesday if he’d still invest in Sam Bankman-Fried again, even after the FTX founder admitted to funneling billions of dollars in customer funds to his own hedge fund and caused the

US credit-card debt increased by the most in 20 years

In an economy that has produced the highest inflation rate since the early 1980s, Americans are struggling to keep up with day-to-day expenses. More consumers are now relying on credit cards to get by, which has helped propel total credit card debt to $930 billion in the third

Anthony Scaramucci says his due diligence on founder Sam Bankman-Fried was “not enough”

Per Bloomberg: Anthony Scaramucci, whose SkyBridge Capital has gotten caught up in the implosion of FTX.com, said he did a thorough background check on its founder Sam Bankman-Fried, but it wasn’t enough to protect himself from “misrepresentations.” “I was doing a lot of due diligence on him,

Republicans take control of the House

Republicans will take majority control of the House, NBC News projects, ousting Democrats from key positions of power and complicating President Joe Biden’s legislative hopes for the remainder of his term, per CNBC. With the Senate staying in Democrats’ hands, congressional leadership will be divided for at least the

BlockFi to plan for imminent bankruptcy

Per Bloomberg: Cryptocurrency lender BlockFi Inc. is preparing to file for bankruptcy within days, according to people with knowledge of the matter who asked not to be named because discussions are private. The crypto lender paused client withdrawals, citing uncertainties with FTX, while saying it had adequate liquidity and was

SBF DMs with Vox exposed

Vox Media spoke with SBF of FTX. FTX collapsed last week, is in bankruptcy, and is being reportedly investigated by SEC, DOJ, and more. There are numerous DMs that have been leaked, all of them listed below. Please see original article: https://www.vox.com/future-perfect/23462333/sam-bankman-

Elon Musk to find new leader for Twitter

Per Reuters: Elon Musk said on Wednesday he expected to reduce his time at Twitter and eventually find a new leader to run the social media company, adding that he hoped to complete an organizational restructuring this week. Musk made the remarks while testifying in a Delaware court to defend

US household debt climbed at the fastest annual pace since 2008 in the third quarter

US household debt climbed at the fastest annual pace since 2008 in the third quarter, with credit-card balances surging, according to data released by the New York Fed on Tuesday. Also bolstering consumers is a tight labor market, marked by robust job creation, low unemployment and rising wages. Fed

Binance’s role in the sudden collapse of FTX has come under congressional scrutiny

Per The Block: Binance’s role in the sudden collapse of FTX, an event that sent reverberations around crypto markets, has come under congressional scrutiny, a senior House Republican confirmed to The Block. “This is serious. I think that this is a major event,” Rep. Patrick McHenry, R-N.C.

Tom Brady and others have been sued for promoting FTX

On Wednesday an FTX investor sued Bankman-Fried as well as several celebrities who have endorsed the platform, including Tom Brady, Gisele Bundchen and Steph Curry. “The deceptive FTX platform maintained by the FTX entities was truly a house of cards,” the proposed class-action lawsuit states. Lawyers Adam Moskowitz

Elon Musk has said remaining staff must work “long hours at high intensity” and b “extremely hardcore” or else leave

Elon Musk has given Twitter’s remaining staff a Thursday deadline to commit to working “long hours at high intensity” and being “extremely hardcore” or else leave with three months’ severance pay. In an email to the social media platform’s employees, seen by the Guardian, its new owner said

About 75% of retail traders have lost money on Bitcoin

A study of how retail investors use cryptocurrency exchange apps suggests about three-quarters have lost money on Bitcoin, according to the Bank for International Settlements. Data spanning 95 countries from 2015 to 2022 indicates the vast majority of app downloads occurred when Bitcoin’s price was above $20,000,