Cracker Barrel on Tuesday abruptly suspended its restaurant remodels and promised to keep its cherished “old country store” vibe following a furious backlash that forced the chain to walk back plans for a new logo that cut out its beloved “Uncle Herschel.”The announcement was made a day after The Post reported that Cracker Barrel workers were upset with CEO Julie Felss Masino, claiming she gutted kitchen jobs, slashed hours to avoid offering health insurance, and now passes off frozen, microwaved food as “h ...

Core Viewpoint - Ford is recalling nearly two million vehicles due to a faulty rearview camera that can impair the driver's view and increase crash risk [1] Group 1: Recall Details - The recall affects approximately 1.9 million vehicles globally, including various models from 2015 to 2019 such as Lincoln MKC, Mustang, and F-Series trucks [2] - The recall includes about 1.45 million vehicles in the US, 122,000 in Canada, and 300,000 in other markets, with an estimated 2.7% of US vehicles having the defect [3] - Ford has received 44,123 global warranty claims and is aware of 18 accidents related to the faulty cameras, manufactured by Magna International [3] Group 2: Owner Instructions - Vehicle owners are advised to bring their cars to a Ford dealer for inspection and potential replacement of the cameras at no cost [4][7] - Notification letters regarding the safety risk are expected to be mailed by September 22, with additional letters to follow once a remedy is available [4] Group 3: Previous Issues and Penalties - This recall follows a previous one in April, where Ford recalled 166,000 vehicles for similar rear camera failures [4] - In November, Ford agreed to pay a $165 million civil penalty after an NHTSA investigation found delays in recalling vehicles with defective rearview cameras [6] - Magna International has also issued a recall for over 250,000 rearview cameras used in some Ford and Stellantis vehicles [6]

Google privately told a federal court that “the open web is already in rapid decline,” a sharp reversal from its public claims that search traffic is booming — and a stunning admission as the Justice Department pushes to dismantle its ad tech empire.The disclosure surfaced in a filing last week in the government’s ongoing antitrust case against Google, according to court documents flagged by Search Engine Roundtable and industry analyst Jason Kint.For months, Google executives have insisted that the web is ...

Core Points - The Murdoch family has resolved the legal battle over control of its media empire, which includes Fox Corp. and News Corp, with Lachlan Murdoch maintaining control [1][3] - A new trust, LGC Holdco LLC, will be established for the benefit of Lachlan Murdoch and his sisters Grace and Chloe Murdoch [1][7] - Rupert Murdoch will continue as Chairman Emeritus of both companies [3][4] Financial Implications - Fox Corp. stock closed at an all-time high of $62.49, while News Corp shares closed at $29.94, just under its record high of $30.75 [5][11] - The value of the family stock in the trust has increased by 68%, amounting to $3.4 billion, since Lachlan Murdoch took control in 2019 [5] - The three older siblings will receive approximately $1.1 billion once the $3.3 billion deal closes within six months [8] Trust and Governance Changes - The older siblings, Prudence MacLeod, Elisabeth Murdoch, and James Murdoch, will no longer be beneficiaries in any trust holding shares in News Corp or Fox Corp [4] - The agreement includes a long-term standstill preventing the siblings from acquiring shares in Fox and News Corp [9] - The legal battle between Rupert and Lachlan Murdoch against the three older siblings will conclude as part of this agreement [9]

Core Viewpoint - Meta has allegedly suppressed internal research regarding the safety risks of its virtual reality applications, particularly concerning the targeting of minors by inappropriate users [1][8][19]. Group 1: Whistleblower Allegations - Whistleblowers, including former Meta safety researcher Jason Sattizahn, claim that Meta stifled research into serious safety risks, including incidents of minors being propositioned [1][4]. - During a research trip in Germany, a mother expressed concerns about her children using Meta's VR headsets, only to later learn that her son had been propositioned [2][3]. - The researchers were reportedly instructed to delete evidence of these allegations, with Meta's final report downplaying the severity of the situation [3][4]. Group 2: Internal Communications and Culture - Internal communications revealed that employees were aware of a significant underage user problem, with one message suggesting that up to 90% of metaverse users might be underage [4][5]. - Meta's attorneys allegedly advised researchers to conduct sensitive research under attorney-client privilege to avoid public scrutiny [6][12]. - Employees were instructed to avoid certain language in internal studies and were discouraged from compiling data on underage users due to regulatory concerns [7][12]. Group 3: Congressional Response and Investigations - The Senate Judiciary Committee is set to hold a hearing to examine the whistleblower claims, with lawmakers expressing dissatisfaction with Zuckerberg's responses to inquiries [11][18]. - Whistleblowers allege that Meta's legal team engaged in systematic efforts to block the release of internal safety research, aiming to create plausible deniability regarding safety risks [12][15]. - Meta has faced scrutiny following previous revelations about the harmful effects of its platforms, leading to increased Congressional hearings [14][15]. Group 4: Meta's Defense and Future Direction - Meta has defended its research efforts, stating that it has approved numerous studies related to youth safety and has implemented various protective measures for minors [16][23]. - The company claims that any deletion of data would have been necessary to comply with privacy regulations, although whistleblowers contest this assertion [17][20]. - Despite the controversies, Meta has shifted its focus from the metaverse to artificial intelligence, indicating a strategic pivot in its business model [23].

Core Insights - Tesla's US market share has dropped to 38% in August, marking the first time it has fallen below 40% since October 2017, when it was ramping up production of the Model 3 [3][5][8] - The decline in market share is attributed to increased competition from other automakers who are launching new electric vehicles (EVs) and offering attractive incentives [2][12] - Tesla's focus has shifted towards developing robotaxis and humanoid robots, leading to delays and cancellations of plans for more affordable EV models [5][12] Market Performance - Tesla's sales growth slowed to 3.1% in August, while the broader EV market grew by 14% [13] - In July, Tesla's market share fell from 48.7% in June to 42%, marking the sharpest decline since March 2021 [8] - Despite the drop in market share, Tesla's sales rose by 7% in July to 53,816 units, driven by the impending expiration of a $7,500 tax credit for EVs [11] Competitive Landscape - Other automakers, such as Volkswagen, have significantly increased their sales, with Volkswagen's ID.4 sales rising over 450% in July compared to the previous month [14][15] - Consumers are being attracted to competitive offers, including zero down payment and zero interest rates, which are impacting Tesla's sales [13][14] - Analysts expect a temporary boost in EV sales through September due to federal tax credits, followed by a potential decline as these incentives expire [2] Strategic Challenges - Tesla's recent product refreshes, including the Model Y, have not met market expectations, contributing to a potential second year of sales decline [7] - The company's ambitious valuation and executive compensation plans are heavily reliant on future growth and market performance [6] - Elon Musk's political affiliations and actions have also negatively impacted Tesla's brand perception [9][11]

Core Insights - SpaceX has agreed to pay $17 billion for wireless spectrum licenses from EchoStar to enhance its Starlink satellite network, which includes $8.5 billion in cash and up to $8.5 billion in stock [1] - The deal is expected to resolve FCC inquiries regarding EchoStar's commitment to providing 5G service in the US, leading to a 21.6% increase in EchoStar's shares [4] - The licenses will improve Starlink's ability to connect with cellphones in remote areas and may allow SpaceX to develop a new cellphone service or share spectrum with telecom partners like T-Mobile [6] Group 1: Financial Details - The total payment for the spectrum licenses is $17 billion, comprising $8.5 billion in cash and up to $8.5 billion in SpaceX's stock portfolio [1] - SpaceX will also contribute approximately $2 billion in cash towards EchoStar's interest payments on its debt through November 2027 [1] Group 2: Regulatory Context - The FCC had warned EchoStar in May about its commitment to 5G service, questioning its competitive effectiveness against major wireless carriers [2] - EchoStar's chairman met with President Trump in June, which may have influenced the regulatory environment [3] Group 3: Market Implications - The acquisition of the spectrum licenses is anticipated to enhance Starlink's broadband capabilities and expand its reach to cellphone users [4][6] - T-Mobile is reportedly in discussions to lease some of the spectrum rights that SpaceX plans to acquire, indicating potential partnerships in the telecom sector [6] - EchoStar's recent deal with AT&T for $23 billion in wireless spectrum licenses reflects ongoing consolidation and strategic asset acquisitions in the telecommunications industry [8]

Core Points - The European Union imposed a $3.45 billion fine on Google for anti-competitive practices in its adtech business, marking the fourth penalty in a decade-long conflict with EU regulators [1][5][8] - The fine was influenced by a complaint from the European Publishers Council and comes amid political tensions regarding potential retaliation from the U.S. [1][2] - The European Commission accused Google of favoring its own online display technology services at the expense of competitors and publishers, abusing its market power since 2014 [3][7] Regulatory Actions - Google has been ordered to cease self-preferencing practices and address conflicts of interest, with a 60-day deadline to inform the Commission of compliance plans [3][6] - The Commission expressed a preliminary view that Google should divest part of its services but will first assess Google's compliance efforts [4] Company Response - Google plans to challenge the EU's decision in court, arguing that the fine is unjustified and that the required changes could negatively impact European businesses [6][8] - The latest fine is less than previous penalties, including a record $5 billion in 2018, $2.8 billion in 2017, and $1.75 billion in 2019, indicating a shift in the EU's approach to fines [8][9]

Core Insights - Tesla has introduced a new pay package for CEO Elon Musk that could potentially reach $1 trillion, contingent on achieving specific milestones [1][5] - The plan aims to increase Tesla's market value to $8.5 trillion, which is more than eight times its current valuation of approximately $1.09 trillion [2][9] - Musk's compensation is tied to ambitious targets in vehicle sales, robotaxi deployment, and artificial intelligence advancements [5][11] Compensation Structure - The new pay package includes a base grant valued at $87.8 billion, which could escalate to $1 trillion if all performance benchmarks are met [5] - If Musk achieves the outlined goals, his ownership stake in Tesla could rise to at least 25%, granting him about 29% voting control [3][11] - The plan is designed to retain Musk's leadership, which the board believes is crucial for Tesla's future success [3] Legal Context - This new compensation plan follows a Delaware court ruling that invalidated Musk's previous $56 billion pay package, citing conflicts of interest and lack of proper shareholder information [4] - Tesla is currently appealing this decision, with oral arguments scheduled for October 15 [5] Market Performance - Tesla's vehicle deliveries have declined by 13% in the first half of the year, marking one of the company's worst performances in recent years [11] - Despite a 1.9% increase in share price recently, Tesla's stock is down 16% year-to-date, having peaked at a valuation of $1.5 trillion in late 2024 [12] Future Prospects - The shareholder vote on Musk's new compensation package is set for Tesla's annual meeting in November, and if approved, it would represent the largest payout ever awarded to a corporate executive [12] - The board has also proposed considering a stake in Musk's AI startup, xAI, which aligns with Musk's interests in expanding Tesla's technological capabilities [7]

Group 1 - The US jobs market showed significant weakness in August, with only 22,000 jobs added, a decrease from 73,000 in July and below the expected 75,000 [1] - Year-to-date job additions total 619,000, down from over 1.1 million during the same period last year [1] - The unemployment rate increased to 4.3% from 4.2%, with revisions indicating a loss of 13,000 jobs in June, marking the first decline since December 2020 [2] Group 2 - Federal Reserve Chairman Jerome Powell expressed concerns that the labor market is becoming a greater issue than inflation, aligning with the recent job data [4] - Powell hinted at a potential interest rate cut in September to stimulate economic growth, influenced by the weak labor market data [5] - Signs of a slowdown include fewer job openings, softer wage growth, and longer job searches, indicating a shift in employer hiring strategies due to economic uncertainty [9]