NEW YORK (AP) – The e-commerce mattress maker Casper is being acquired and taken private, less that a year after its public debut, for about $308 million. Shares of Casper Sleep Inc. spiked 94% to $6.76 at the opening bell Monday. Durational Capital Management will pay $6.90 per share for Casper’s stock. The New York […]

CyrusOne is being acquired for $11.5 billion, the second big sale in recent months of a real estate investment trust focused on data centers. In August, Blackstone completed a $10 billion acquisition of QTS Realty Trust Inc. On Monday, CyrusOne, said KKR and Global Infrastructure will pay $90.50 per share in a deal worth $15 […]

WASHINGTON (AP) — Donald Trump’s opulent hotel near the White House that drew lobbyists and diplomats seeking favor with the ex-president as well as criticism as a symbol of his ethics conflicts is being sold to a Miami investment group, according to published reports citing anonymous sources. CGI Merchant Group agreed to pay the Trump […]

DETROIT (AP) — U.S. auto safety regulators are looking into a complaint from a Tesla driver that the company’s “Full Self-Driving” software caused a crash. The driver was beta testing the “Full Self-Driving” software, and the Tesla SUV went into the wrong lane and was hit by another vehicle, according to a complaint filed by […]

DETROIT (AP) — Tesla CEO Elon Musk sold another chunk of his stock on Thursday after pledging on Twitter to liquidate 10% of his holdings in the electric car maker. Musk sold about 640,000 shares for roughly $687.3 million, according to two filings with the U.S. Securities and Exchange Commission. So far this week, the […]

CHICAGO (AP) — The CEO of McDonald’s faced increasing criticism and calls for resignation Thursday following text messages he sent to Chicago Mayor Lori Lightfoot where he seemed to blame the deaths of two Black and Latino children killed in gun violence on their parents. McDonald’s President and CEO Chris Kempczinski sent texts to Lightfoot […]

WASHINGTON (AP) — Inflation is starting to look like that unexpected — and unwanted — houseguest who just won’t leave. For months, many economists had sounded a reassuring message that a spike in consumer prices, something that had been missing in action in the U.S. for a generation, wouldn’t stay long. It would prove “transitory,’’ […]

NEW YORK (VINnews) — Starbucks is known as a company that cares about its employees. Yet in a recent effort to convey that message, Howard Schultz may have gotten carried away. At a meeting this past weekend with employees in Buffalo, Mr. Schultz, founder and former CEO, drew a parallel between Starbucks’ “commitment to morality, […]

Cryptocurrency, the blockchain-based digital currency that has captured the interest of investors and financial service firms alike, has a challenging problem. It can be hard to actually spend this currency like you would regular money. But there are new services on the horizon that could help people use bitcoin and other digital coins in more […]

Introduced for 2021, the Volkswagen ID.4 is the German automaker’s first all-electric SUV and part of a new wave of electric vehicles for American consumers. It boasts a spacious interior and styling that’s futuristic but not too futuristic. The ID.4 is the upstart against two established rivals: the Tesla Model 3 and Model Y. The […]