Business

Elon Musk’s lawyers are seeking to get a lawsuit from the U.S. Securities and Exchange Commission (SEC) against the Tesla CEO and X owner tossed out. The case, filed right before President Donald Trump took office this year, centers on Musk’s purchases of Twitter stock before his eventual takeover of the social network in 2022. The SEC alleges that Musk …

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Marvell Technology (NASDAQ:MRVL) shares tumbled Friday after the chipmaker’s upbeat second-quarter results were overshadowed by underwhelming third-quarter guidance, prompting Wall Street to trim price forecasts and deepening investor concerns over the near-term outlook. Marvell posted adjusted earnings of 67 cents per share, edging past Wall Street’s forecast of 66 cents. Revenue came in at $2.006 billion, just shy of the …

More companies are recalling tens of thousands of packages of imported shrimp sold at Walmart, Kroger and other U.S. stores because they may contain radioactive contamination, according to federal notices. AquaStar USA Corp. of Seattle is recalling more than 26,000 packages of refrigerated cocktail shrimp sold at Walmart stores in 27 states between July 31 and Aug. 16. The company …

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DETROIT (AP) — This could buy a lot of Labor Day weekend sunblock: Saturday’s Powerball jackpot is estimated at $1 billion, the sixth-largest prize in the game’s history. Powerball, which costs $2 per ticket, is played in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. The jackpot has been growing each week because no one …

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Exclusive | Spirit Airlines Prepares New Bankruptcy Filing  The Wall Street Journal Spirit Airlines files for Chapter 11 bankruptcy protection for the second time in a year  CNBC Spirit Airlines files for bankruptcy — second time in a year as turnaround fails  New York Post Western Pa. airports on alert as Spirit Airlines faces potential closure  Pittsburgh Post-Gazette No-frills pioneer Spirit Airlines seeks second …

A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California. Kevin Carter | Getty Images News | Getty Images Spirit Airlines on Friday filed for bankruptcy protection, just months after the budget carrier failed to secure better financial footing when it came out of Chapter 11 protection …

From Labubu to Luckin Coffee, Chinese retail chains are betting big that American consumers can revive the growth they’re losing at home — and relying on cultural relevance and competitive pricing to make it happen. A Business Insider analysis of top Chinese brands shows how they’re expanding their empires by opening brick-and-mortar stores beyond their borders. Some of these brands …