Investments and Business

Related media - Breaking news When Rachel Burress moved into her mother's house a decade ago, she intended it to be a short-term arrangement before she bought her own home. Now 35, the hairdresser has spent years improving her credit score and saving for a down payment. But with mortgage rates hovering around 7 percent and home prices skyrocketing, it seems unlikely the mother of three will secure her own home any time soon. “I don’t even know if I’ll ever be able to get out and have my own place,” said Burress, who lives in Aledo, Texas, about 20…

More news - Latest news Here are the companies making headlines in after-hours trading: Alphabet — The tech giant slipped 1% despite reporting declines in both revenue and profit for the second quarter. Alphabet earned $1.89 a share on $84.74 billion in revenue. Consensus estimates called for earnings of $1.84 a share on $84.19 billion in revenue. However, its YouTube advertising revenue missed forecasts. Tesla — Shares of the electric vehicle maker fell 4.7% after second-quarter earnings missed consensus estimates. Tesla reported adjusted earnings per share of 52 cents, while analysts polled by LSEG had expected 62 cents per share.…

More news - News 24 hours David Ellison’s Hollywood journey has been filled with high-energy, adrenaline-filled blockbusters filled with suspense, stunts and unexpected twists. But on Sunday, he achieved his most significant milestone by negotiating a merger with Paramount after months of discussions with the company and its largest shareholder, Shari Redstone. If the deal goes through, he will oversee a vast media empire that includes CBS, MTV and the Paramount movie studio. Although Ellison, 41, has been among Hollywood's elite for over a decade, he's only just now entering the spotlight. Here's a rundown of his career. Who is…

More news - Breaking news Tesla’s U.S. electric vehicle market share fell below 50% for the first time in the second quarter of the year, according to recent estimates from research firm Cox Automotive. Tesla’s share fell to 49.7% from 59.3% in the same period last year. The decline is notable as battery-powered vehicle sales have hit record highs during the same time frame. From April to June, Tesla faced increasing competition from General Motors, Ford, Hyundai, and Kia. Cox Automotive estimates, based on filings, company reports, and other data, highlight this shift. The latest quarter marks a significant milestone,…

More news - Breaking news Jane McAlevey, an influential organizer and labor scholar, died Sunday at her cabin in Muir Beach, California, at the age of 59. Her half-brother, Mitchell Rotbert, confirmed that multiple myeloma was the cause of death. McAlevey had previously undergone surgery for breast cancer. Throughout her career, McAlevey was a staunch advocate for the working class, emphasizing the importance of worker-led unions. She believed that member-led unions were the most powerful tools for combating economic inequality. In her numerous writings and media appearances, she criticized many U.S. labor leaders for what she saw as their complacency…

More news - News 24 hours Ray Kurzweil, a renowned inventor and futurist, continues to claim that humans will soon merge with artificial intelligence. During an interview at the Four Seasons Hotel in Boston, Kurzweil showed a graph illustrating the exponential growth of computing power over the past 85 years. This steady increase, according to him, indicates that the so-called Singularity, when humans and AI become one, will occur within the next two decades. Kurzweil, who has made a career out of making bold predictions, reiterated claims in his 2005 book, The Singularity is NearWith the advent of AI technologies…

More news - Breaking news This article is part of Neglected, a series of obituaries about extraordinary people whose deaths, beginning in 1851, were not reported by The Times. For many fashionable women of the mid-20th century, a hat wasn't worth wearing unless it was made by Otto Lucas. Lucas was a London milliner famous for his elegant turbans, caps and cloches, often made of fine velvets and silks and decorated with flowers or feathers. Her designs have graced the covers of magazines such as British Vogue and have been worn by illustrious clients, including actresses Greta Garbo and Gene…