American Express rolled out several updates to its Delta SkyMiles credit cards Thursday that will give additional benefits to users, part of efforts to soothe sore Delta Air Lines customers who have considered abandoning the airline after last year’s SkyMiles loyalty fiasco.The updates, however, will come with a higher annual fee, which AmEx says it believes the new benefits will more than pay for.New York-based AmEx is adding $200 flight credits to the cards after a certain amount of spending, $120 to $24 ...

Elon Musk said Tesla shareholders will hold a vote “immediately” on whether to change its state of incorporation to Texas — shortly after a Delaware judge shockingly decided to tear up his $56 billion pay package.The mercurial tech billionaire made the announcement after conducting an informal poll on X about a potential relocation.An overwhelming 87.1% of the more than 1.1 million users who responded to the poll as of Thursday agreed that Tesla should move to Texas, while just 12.9% disagreed.“The public ...

Boeing (BA.N) has been sued by shareholders who said the company prioritized profit over safety and misled them about its commitment to making safe aircraft, prior to the Jan. 5 mid-air cabin panel blowout on an Alaskan Airlines 737 MAX 9.According to a proposed class action filed on Tuesday, Boeing spent more than four years after the Oct. 2018 and March 2019 crashes of two other MAX planes, which killed 346 people, assuring investors that it was “laser-focused” on safety and would not sacrifice safety fo ...

A federal judge on Wednesday dismissed Walt Disney’s lawsuit against Florida Gov. Ron DeSantis and members of a state board for allegedly retaliating after the company criticized state limits on classroom discussion of sexuality.DeSantis and other defendants had urged U.S. District Judge Allen Winsor in Tallahassee, Florida, to dismiss the case because Disney could not sue them over constitutionally enacted state laws. Winsor was nominated by then-President Donald Trump in 2019 to fill a vacancy.“Disney la ...

Walmart, the largest retailer in the world, plans to open 150 new stores, including converting some smaller locations into supercenters, over the next five years, the company said Wednesday.Over the next 12 months, the Bentonville, Ark.-based retailer said it will also remodel 650 stores with “improved layouts” as part of a $500 million investment announced last year to modernize the big-box chain’s 4,700 US outposts.Walmart’s investment in brick-and-mortar locations marks a pivot after the company began s ...

The soaring popularity of weight loss drugs Ozempic and Wegovy has catapulted parent company Novo Nordisk’s valuation past the half-trillion dollar threshold, according to a report.The Danish pharmaceutical company, which initially marketed the drugs as a treatment for diabetes, has a valuation of $506 billion, according to CNBC, which analyzed data from the London Stock Exchange Group.Novo Nordisk’s stock price was up by nearly 5%, at nearly $114, after the company released better-than-expected quarterly ...

The chief executives of social media companies Meta, X, TikTok, Snap, and Discord faced tough questions on their efforts to combat online child sexual exploitation at a Senate hearing on Wednesday.Senator Dick Durbin, the Judiciary Committee’s Democratic chairman, cited statistics from the National Center for Missing and Exploited Children nonprofit group that showed financial “sextortion,” in which a predator tricks a minor into sending explicit photos and videos, had skyrocketed last year.“This disturbin ...

Meta chief Mark Zuckerberg turned down requests from his top brass back in August 2021 to expand the company’s child safety and well-being workforce, documents and emails released by Congress revealed.Nick Clegg, the vice president of global affairs at then-Facebook — rebranded to Meta later that year — urged Zuckerberg in an email to hire 45 more employees focused on preventing bullying, harassment, and self-harm, according to Bloomberg.“From a policy perspective, this work has become increasingly urgent ...

AI-related companies lost $190 billion in stock market value late on Tuesday after Microsoft, Alphabet and Advanced Micro Devices delivered quarterly results that failed to impress investors who had sent their stocks soaring.The selloff following the tech giants’ reports after the bell underscored investors’ elevated expectations following an AI-fueled stock market rally in recent months that propelled their shares to record highs with the promise of incorporating the technology across the corporate landsc ...

Visa was sued on Tuesday by consumers who said the card payments network failed to make prepaid “Vanilla” gift cards less likely to being drained by thieves.Ira Schuman, who leads the proposed class action in the White Plains, New York, federal court, said he bought eight $500 Vanilla cards as holiday gifts for his employees in 2022 and 2023, only to learn later that cards had been emptied.According to the complaint, the non-reloadable debit cards are sold at CVS, Target, Walgreens and other grocers and re ...