Casino mogul Steve Wynn is resigning as CEO of Wynn Resorts following sexual harassment allegations. He will be replaced by Matt Maddox who has been the president of Wynn Resorts since 2013. This comes weeks after Wynn stepped down as finance chair of the Republican National Committee.
Snap shares soared following a stellar earnings report. The social media company beat on earnings and revenue for the first time since going public. Snap also announced a big increase in daily active users, bringing the total number of users to around 187 million.
SpaceX successfully launched its Falcon Heavy rocket. More than 2 million people tuned into the live stream of the launch. It is now the most powerful rocket in operation. Nick Lucchesi, executive editor of Inverse, says the launch marks a new chapter in space exploration.
And U.S. gold medalist Dana Vollmer joins us to give her take on the upcoming Winter Olympics and share her tips on heart health. Even though she isn't competing in the games, she's excited to watch. Vollmer and Go Red For Women spokesperson Dr. Suzanne Steinbaum discuss ways to make sure your heart is healthy.
Orangetheory Fitness is redefining the future of workouts with smarter tech, strength-based programming, and community-driven studios built for what’s next.
Spain's government has fined Airbnb 64 million euros or $75 million for advertising unlicensed tourist rentals. The consumer rights ministry announced the fine on Monday. The ministry stated that many listings lacked proper license numbers or included incorrect information. The move is part of Spain's ongoing efforts to regulate short-term rental companies amid a housing affordability crisis especially in popular urban areas. The ministry ordered Airbnb in May to remove around 65,000 listings for similar violations. The government's consumer rights minister emphasized the impact on families struggling with housing. Airbnb said it plans to challenge the fine in court.
Roomba maker iRobot has filed for Chapter 11 bankruptcy protection, but says that it doesn’t expect any disruptions to devices as the more than 30-year-old company is taken private under a restructuring process. iRobot said that it is being acquired by Picea through a court-supervised process. Picea is the company's primary contract manufacturer. The Bedford, Massachusetts-based anticipates completing the prepackaged chapter 11 process by February.
Serbia’s prosecutor for organized crime has charged a government minister and three others with abuse of position and falsifying of documents related to a luxury real estate project linked to U.S. President Donald Trump’s son-in-law Jared Kushner. The charges came on Monday. The investigation centers on a controversy over a a bombed-out military complex in central Belgrade that was a protected cultural heritage zone but that is facing redevelopment as a luxury compound by a company linked to Kushner. The $500 million proposal to build a high-rise hotel, offices and shops at the site has met fierce opposition from experts at home and abroad. Selakovic and others allegedly illegally lifted the protection status for the site by falsifying documentation.
Wealthfront’s CFO Alan Iberman talks the $2.05B IPO and the major moment for robo banking as the company bets on AI, automation, and “self-driving money."
