cnbc.com

There may be another factor creating so much wealth among millennials: inheritances. In what’s known as “the great wealth transfer,” baby boomers are expected to pass down between $70 trillion and $90 trillion in wealth over the next 20 years. Much of that is expected to go to their millennial children. High-net-worth...

Reddit is a ‘smaller, more volatile’ Twitter, says Big Technology’s Alex Kantrowitz::Alex Kantrowitz, Big Technology founder, joins ‘Squawk Box’ to discuss Reddit’s decision to go public, the company’s journey to IPO, Sam Altman’s stake in the company, and more.

Nikola founder to be sentenced for federal fraud charges::Nikola founder Trevor Milton was found guilty in October 2022 on two counts of wire fraud and one count of securities fraud.

Germany’s budget is in trouble....

Wholesale prices in October posted their biggest decline in 3½ years, providing another indication that the worst of the inflation surge may have passed,” CNBC reports.

Tesla whistleblowers filed a complaint to the SEC in 2021, but the agency never interviewed them — Car company may have violated securities law and flouted accounting standards::Two whistleblowers’ complaint to the SEC about Tesla alleged that Elon Musk’s automaker may have run afoul of securities laws and flouted...

General Motors and Ford Motor on Monday said they are indefinitely laying off another 500 workers at four Midwestern plants because of the impact on some of the facilities of the United Auto Workers strike in its 18th day....

One day after filing a massive antitrust lawsuit against Amazon, Federal Trade Commission Chair Lina Khan defended the agency’s decision to pursue the company and explained how its use of monopoly power allowed it to leverage an effective 50% tax on sellers....

While optimistic, the people noted, however, that if a deal is not reached the strike could last through the end of the year.

Chinese electric vehicles pose “a real threat” to the European car industry, according to Christian Kames, managing director at financial advisory firm Lazard....

The U.S. Department of Justice sued SpaceX on Thursday, alleging Elon Musk’s space company discriminated in its hiring practices against refugees and people granted asylum in the U.S....

Johnson & Johnson said on Thursday the U.S. Food and Drug Administration had approved its antibody-based therapy for patients with a difficult-to-treat type of blood cancer.

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