Business

A former employee has accused Wells Fargo of scheduling fake interviews with black and female candidates for roles that were already filled in order to boost the bank’s diversity statistics.   Former Wells Fargo wealth management executive Joe Bruno, 58, claims he was fired last August after he blew the whistle to his bosses about the…

Mercedes-Benz confirmed on Thursday that it recently sold the world’s most expensive car. A very rare 1955 Mercedes-Benz SLR coupe that had been kept in the German automaker’s collection was sold to a private owner for €135 million, the equivalent of $142 million. That price makes it the most expensive car known to ever have…

There are 300,000 edible plant species but in 2018, just four crops made up half of global production, and three — rice, maize, and wheat — accounted for 86% of all exports. Christoph Langwallner, co-founder and CEO of WhatIF Foods, wants to change that. His startup is on a mission to diversify the food system…

The Scout, a one-time competitor to Ford Broncos and Jeeps that was last sold more than four decades ago, is being resurrected by Volkswagen as a line of all-electric trucks and SUVs. Scout will become its own separate brand offering off-road-oriented electric trucks and SUVs in North America. A Scout SUV and pickup truck are…

Coke knows that its soda caps often end up as litter. So it’s trying to solve the problem by tethering them to the bottle, at least in the United Kingdom. Earlier this week, the British arm of the beverage company announced that it has started rolling out new versions of its plastic bottles. The new…

Mike Novogratz broke his silence on the TerraUSD meltdown, calling it a “big idea that failed” and warning that the tough environment for cryptocurrencies will continue. The founder of Galaxy Digital Holdings Ltd. and big backer of Terraform Labs, the company behind Terra and Luna, had gone silent for a week. Novogratz spent the time…

Melvin Capital, once one of Wall Street’s most successful hedge funds which then lost billions in the meme stock saga, will shut down after it was hit again by this year’s market slump. Gabe Plotkin, widely regarded as one of the industry’s best traders after posting years of double digit returns, told investors that the…

Who wants to own Twitter? Maybe Elon Musk doesn’t. Sure, maybe he is causing chaos to extract a lower price from the Twitter board, but he just as well may walk away altogether and create a Twitter clone. There is a “60%+ chance from our view Musk ultimately walks from the deal and pays the…

Apple has delayed plans to bring workers back to the office three days a week as COVID cases in its home state of California surged once again.   The tech company blamed recent Covid-19 surges in California for the delay of the three day a week requirement. Workers must still come in two days a week,…

Nestlé is rushing baby formula into the United States via airfreight in a bid to ease a nationwide shortage that is unnerving parents around the country. In a statement to CNN on Tuesday, Nestlé said it is flying in some baby formula produced outside the United States, including Gerber Good Start Extensive HA from the…