• Mercedes Claims Record $143M for Rare Winged Car
  
  German automaker Mercedes-Benz said Thursday that it has auctioned an extremely rare car from its company collection for a roaring 135 million euros ($143 million).
• Goldman Allows More Vacation, as It Relaxes Work Culture
  
  In a bid to reform company culture and attract new talent, Goldman Sachs has initiated a major overhaul of vacation days. The investment bank, infamous for its demanding corporate culture, wants to support employee well-being.
• Tom Cruise Awarded Surprise Honorary Palme D'Or at Cannes
  
  Tom Cruise mania descended Wednesday in Cannes where the actor made a whirlwind appearance at the film festival to walk the red carpet, exalt the big screen in a rare interview and watch a squadron of French fighter jets fly over the premiere of "Top Gun: Maverick."
• New York Accuses Amazon of Pregnancy, Disability Discrimination
  
  The New York State Division of Human Rights has filed a complaint against Amazon.com Inc. accusing the online retailer of discriminating against pregnant and disabled workers at its worksites, Governor Kathy Hochul said Wednesday.
• US Sues Casino Mogul Steve Wynn Over China Ties
  
  The Justice Department sued longtime Las Vegas casino mogul Steve Wynn on Tuesday to compel him to register as a foreign agent because of lobbying work it says he performed at the behest of the Chinese government during the Trump administration.
• Recession Risk 'Very, Very High,' Goldman's Blankfein Warns
  
  The risk of the U.S. entering a recession is "very, very high," and U.S. consumers and businesses should plan accordingly, Goldman Sachs Group Senior Chairman Lloyd Blankfein says.
• UK Inflation Hits 40-Year High
  
  Britain's inflation rate rose to the highest level in 40 years last month as Russia's war in Ukraine fueled further increases in food and fuel prices.Consumer price inflation accelerated to 9% in the 12 months through April, up from 7% the previous month, the Office for...
• US Gas Prices Could Double, Amid Supply Shortage
  
  Some gas stations across the country are already bracing for the Next Big Thing involving surging fuel prices, namely the price per gallon potentially exceeding $10. For other stations, however, there might be no product left to sell at the pumps.
• Traders Ready for Wilder Swings, as Rate Rises Stoke Volatility
  
  Traders in the world's largest markets are having to navigate wild intra-day swings and shrinking deal sizes as central banks rapidly withdraw stimulus measures, in a small-scale reminder of a pandemic-driven financial seize-up just two years ago.
• Biden Admin to Release $45B for Nationwide Internet
  
  The Biden administration is taking the first steps to release $45 billion to ensure that every U.S. resident has access to high-speed internet by roughly 2028, inviting governors and other leaders on Friday to start the application process.
• Steve Cohen Brings Hedge Fund Analytics to Power Mets
  
  Can a hedge fund honcho pull off another baseball miracle like Billy Beane did for the 2002 Oakland Athletics, as portrayed in "Moneyball," starring Brad Pitt?
• US Gas Prices Hit New Record of $4.37 a Gallon
  
  Retail gasoline prices in the United States rose on Tuesday and hit another all-time record, surpassing one set in March, as global refineries grappled with a bottleneck that has sent prices soaring ahead of driving season.
• Bitcoin Drops to $30,331 as Wall Street Shares Tumble
  
  Bitcoin plunged to its lowest level since July 2021 on Monday, dropping in tandem with slumping U.S. equity markets amid concerns about the Federal Reserve's aggressive tightening path.
• Amtrak Schedule to Return to 80%
  
  U.S. passenger railroad Amtrak said Monday it is boosting train service ahead of an expected busy summer travel season and as rail demand returns.
• BoE's Saunders Worried Inflation Will Surpass 10% Forecasts
  
  Bank of England policymaker Michael Saunders, who last week backed a bigger interest rate rise than most of his colleagues, said he was worried that inflation exceed BoE's forecasts, which see it topping 10% later this year.
• US Poll Finds Bipartisan Concern Over High CEO Pay
  
  Bipartisan majorities of U.S. adults think CEO pay is too high, a new poll found, presenting a challenge for corporate boards looking to balance compensation for leaders and workers.
• Former Fed Officials Call for Steep Hikes, Warn of Recession
  
  Two ex-Federal Reserve officials, now freed from having to set economic policy and be accountable for it, are warning the U.S. central bank will have to raise interest rates more than expected and the outcome could well be a recession.
• Business Brainstorming 'Muted' by Zoom
  
  Video meetings dampen brainstorming because we are so hyper-focused on the face in that box that we don't let our eyes and minds wander as much, a new study found.
• Archegos Owner, CFO Arrested
  
  The owner of a New York-based hedge fund that collapsed when it defaulted on margin calls was arrested Wednesday on charges alleging he defrauded leading global investment banks and brokerages of billions of dollars by telling them lies.
• Twitter CEO Would Get $42M If Terminated After Musk Deal
  
  Twitter Inc. CEO Parag Agrawal would get an estimated $42 million if he were terminated within 12 months of a change in control at the social media company, according to research firm Equilar.
• Buffett to Auction off One Last Private Lunch for Charity
  
  The world's most expensive lunch will go on sale again this spring when investor Warren Buffett auctions off a private meal to raise money for a California homeless charity one last time.
• CNN+ Flop Has Staffers Fuming
  
  CNN+ staffers, many of whom gave up solid positions at CNN, are furious over the network pulling the plug on the streaming service, The New York Post reports.
• Spotify Passes on Obamas' Podcast Renewal
  
  Spotify is not renewing its podcast contract with former President Barack Obama and former First Lady Michelle Obama, which expires this year, Bloomberg reports.
• Algae a Winner in Elon Musk's Greenhouse Gas Contest
  
  From algae farming to producing a sort of artificial limestone, ideas for reducing greenhouse gas in the atmosphere are getting a funding boost from famed entrepreneur Elon Musk.
• US, NY Sue MoneyGram for Unfair Remittance Transfers
  
  MoneyGram International Inc. was sued on Thursday by two regulators that said it repeatedly and unfairly violated a federal rule designed to make it easier for people to send money to friends and family outside the United States.

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