Elon Musk misled Twitter investors, jury finds
A San Francisco jury concludes Musk’s claims in 2022 were damaging to a group of Twitter investors. Source link
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Judge Rules Pentagon Restrictions on Press Are Unconstitutional
A federal judge tossed parts of the Pentagon’s restrictions on news outlets, saying they violated the First Amendment, in a lawsuit brought by The New York Times. Source link
CBS News Cuts 6% of Staff as Bari Weiss Reshapes the Division
The layoffs affected several dozen employees at the news division, which is owned by the technology heir David Ellison. Source link
CBS News lays off 6% of staff and shutters radio division, kickstarting a Bari Weiss-led overhaul
CBS News is shutting down CBS News Radio and laying off about 6% of its entire workforce, with executives explaining the cuts as a difficult but necessary reallocation of newsroom resources. The news division currently has about 1,100 employees, so dozens will be departing as a result of Friday’s cutbacks. It is the second round…
Stocks, bonds and gold slump while Iran war rages
New York — US stocks and bonds fell, oil prices rose and gold had its worst week in four decades as the Iran war continues to ripple through financial markets. The Russell 2000, an index of smaller companies more sensitive to interest rates, fell 2.26% Friday and closed in correction territory, down 10.3% from its…
Trump-backed television merger moves forward
Critics fear the consolidation will add to strains facing local news and degrade coverage. Source link
Iraq declares force majeure on foreign-operated oilfields over Hormuz disruption, sources say
Iraq has declared force majeure on all oilfields developed by foreign oil companies, as military operations in the region have disrupted navigation through the Strait of Hormuz, preventing most of the country’s crude exports from moving, oil ministry sources said. Source link
Trump coin one step closer to reality after Treasury makes rare move
Singer-songwriter Lee Greenwood discusses the momentum behind America 250 celebrations on ‘Mornings with Maria.’ The U.S. Mint is moving forward with a gold commemorative coin featuring President Donald Trump after a federal arts commission approved a design Thursday, with Treasury officials citing a legal authority that allows the inclusion of a sitting president despite longstanding…
FDA recalls 90,000 bottles of children’s ibuprofen over foreign substance
Check out what’s clicking on FoxBusiness.com. Nearly 90,000 bottles of children’s ibuprofen have been recalled over the potential presence of a foreign substance, according to the Food and Drug Administration. Strides Pharma, Inc., headquartered in India, recalled about 89,592 bottles of its 100-milligram Children’s Ibuprofen Oral Suspension, the FDA said. The affected product was manufactured…
Read Bari Weiss’ Memo to Staff As CBS News Begins New Layoffs
CBS News’ leadership just told staffers why the broadcast network is enacting a new round of job cuts. “Today we are reducing the size of our workforce,” top editor Bari Weiss and network president Tom Cibrowski said in a memo to CBS News staff on Friday morning, which was obtained by Business Insider. “It’s no secret that…