Elon Musk is set to become the world’s first trillionaire. Tesla announced on Thursday that shareholders have voted to approve the biggest pay package in corporate history for Musk, the company’s CEO. The deal is worth up to $1 trillion over 10 years if the company meets a list of benchmarks.
Category Archives: business
What to know about the nationwide FAA-mandated flight reductions
A routine journey to the skies may result in long lines and a change of plans as airlines abide by a Federal Aviation Administration order to cut flights by 4% in high-traffic airports starting Friday
Was your flight impacted by the shutdown? Here’s what to know
Most airline passengers will be eligible for refunds if their flights are affected by the government shutdown.
Elon Musk could become trillionaire with new Tesla pay package
Tesla announced that shareholders had voted to approve the biggest pay package in corporate history for CEO Elon Musk, in a deal worth up to $1 trillion over 10 years. NBC News’ Brian Cheung explains the benchmarks the company would have to hit for Musk to get his payday.
OpenAI CEO Sam Altman says company has no plans to seek government backstop
OpenAI CEO Sam Altman says the company has no plans to seek a government backstop for its $1 trillion worth of data center investments, further walking back comments made by the company’s chief financial officer this week that some interpreted as indicating the company would seek one
Trump touts cost of Walmart’s Thanksgiving meal to vindicate his policies — ignoring a key detail
In the wake of Republicans’ heavy election losses on Tuesday, President Donald Trump has responded to voters’ growing concerns by insisting the economy is actually experiencing a “golden age.”
For chain restaurants, a tough economy is creating new winners and losers
The tough U.S. jobs market is creating new groups of casual and fast-food restaurant winners and losers.
October monthly job cuts surged to a 22-year high
U.S.-based companies announced more than 153,000 job cuts in October. So far this year, nearly 1.1 million job cuts have been announced, the most since 2020.
Kendra Scott expands billion-dollar namesake brand to include boots and western wear
More than 20 years after founding her billion-dollar brand, designer Kendra Scott is expanding to include boots, eyewear and western wear. NBC News’ Savannah Sellers sat down with Scott to talk about her career as part of the series, Women Mean Business.
9 people remain missing in UPS plane crash, Louisville mayor says
Nine people remain missing as authorities sift through the wreckage of the UPS cargo plane crash in Louisville, Kentucky, that killed at least 12 people this week, Louisville Mayor Craig Greenberg said Thursday