News From Around Town

Stay up to date on some of the latest news in technology and startups. Headlines about the industry, the markets, and more.

Mercedes-Benz workers in Alabama vote against UAW union membership

The results are a blow to the UAW's organizing efforts a month after the Detroit union won an organizing drive of Volkswagen plant workers in Tennessee.

Nvidia’s earnings will be in focus next week as stocks try to sustain record levels

The AI chipmaker could reinvigorate a trade that has the power to propel stocks higher at a time when market leadership has broadened.

OpenAI dissolves team focused on long-term AI risks, less than one year after announcing it

OpenAI has dissolved its team focused on long-term AI risks, less than one year after announcing it, amid both team leaders' high-profile departures.

‘Dow theory’ indicates the march to 40,000 could be short-lived

Dow theory examines the relationship between the industrial and transportation benchmarks named after Charles Dow.

Campus protests have called for schools to divest from Israel. Here’s how that would actually work

Protesters on campuses nationwide have called on universities to divest from Israel due to the war in Gaza. Here's how divestment would actually work.

How to buy a put spread on the Nasdaq as a portfolio hedge

Jeff Kilburg gives a market hedge just in case everything doesn't work out as the bulls suspect.

Boeing shareholders reelect departing CEO Calhoun to board

New board chair Steve Mollenkopf said he has sought feedback on Calhoun's successor from investors and Boeing customers.

Frontier Airlines does away with change fees in budget airline pricing overhaul

The changes come amid the Biden administration's crackdown on so-called "junk fees."

Supreme Court Justice Alito urged to step off Trump election case over U.S. flag controversy

Supreme Court Justice Samuel Alito and the other justices are considering whether Donald Trump is immune from prosecution over the 2020 election aftermath

Dodge and Ram boss Tim Kuniskis, father of the Hellcat, to retire from Stellantis

Stellantis' Dodge and Ram brands CEO Tim Kuniskis is retiring after a nearly 32-year career with the automaker, the company announced Friday.

Bitcoin faces ‘several’ headwinds that will challenge miners in near term, says JPMorgan

Unprofitable bitcoin miners are starting to exit the network after the halving, as expected. Those remaining face some near-term challenges.

Here’s what has driven the Dow rally to 40,000, and why it could keep going

The Dow Industrials passing the 40,000 barrier makes for a nice headline, but market experts don't take much else from the move.

‘Quiet wealth’ takes on new meaning with super-private deals for mansions, art and classic cars

Last year, while combined public auction sales for Sotheby's, Christie's and Phillips fell by 19%, private sales rose.

May 17 is the last chance to claim your 2020 tax refund — the median payment is $932, IRS says

May 17 is the deadline to claim your 2020 tax refund by filing your federal return. The median possible payment could be $932, according to the IRS.