Business

Elon Musk’s love of sci-fi has turned against him. Or at least it has turned into a copyright issue. Both Musk and his company Tesla are named in a new lawsuit by Alcon Entertainment, a production company for Blade Runner 2049, which alleges the film’s imagery was used in promotional material for this month’s robo-taxi event. Alcon claims it explicitly…

The Sand Castle, a clifftop mansion overlooking the Pacific Ocean in La Jolla, California, has been listed for $108 million, more than double the current record for a home sale in San Diego County. Owned by tech billionaire Darwin Deason, the sprawling estate was formed by combining two adjacent lots that Deason purchased in 2009. Inspired by the luxurious homes…

Ellevest co-founder and CEO Sally Krawcheck says, “Every important decision about your career is made when you’re not in the room.” And that’s why having a strong personal brand is critical. At the Most Powerful Women (MPW) conference’s Bold Visions: The Intersection of Business and Personal Branding panel, Krawcheck joined Stacey Kennedy, President of Americas and CEO of U.S. Business…

San Francisco prosecutors made opening statements Monday in the murder trial of a tech consultant charged in the stabbing death of Cash App founder Bob Lee, previewing a timeline of events before the death and attempts afterward by the defendant to hide what he did. Lee’s death at age 43 — after staggering on a deserted downtown San Francisco street seeking help…

Warren Buffett’s conglomerate has added another zero to its haul from a months-long selling spree of Bank of America Corp. stock. In its 14th round of disposals, Berkshire Hathaway Inc. eclipsed $10 billion of total proceeds from whittling its stake in the second-largest US bank, a regulatory filing on Monday shows. Buffett, 94, began paring the massive investment in mid-July,…

With a user base of more than 94 million—larger than the population of Germany—GCash is arguably the most popular Filipino finance app. Launched in 2004, GCash began as an SMSbased money-transfer service catering to the Philippines’s large underbanked population. Users could deposit cash into their ewallets for a small transaction fee at convenience stores and pawnshops, and then use that…

Steward Health Care CEO Ralph de la Torre filed a lawsuit Monday against a U.S. Senate committee that pursued contempt charges against him for failing to appear before the panel despite being issued a subpoena. The lawsuit, filed in federal court in Washington, named nearly all members of the Health, Education, Labor and Pensions Committee, including Sen. Bernie Sanders, who chairs the committee which…

More than 40 trillion gallons of rain drenched the Southeast United States in the last week from Hurricane Helene and a run-of-the-mill rainstorm that sloshed in ahead of it — an unheard of amount of water that has stunned experts. That’s enough to fill the Dallas Cowboys’ stadium 51,000 times, or Lake Tahoe just once. If it was concentrated just…

The US Justice Department plans to allege that Visa Inc. illegally monopolized the US debit card market, according to people familiar with the matter. The antitrust division is set to file a lawsuit as soon as Tuesday accusing the operator of the largest US payments network of a range of anticompetitive conduct, said the people, who asked not to be…

Attention, Kmart shoppers, the end is near! The erstwhile retail giant renowned for its Blue Light Specials — featuring a flashing blue orb affixed to a pole enticing shoppers to a flash sale — is shuttering its last full-scale store in mainland United States. The store, located in swank Bridgehampton, New York, on Long Island, is slated to close Oct.…