Business
Skydance bid for Paramount hinges on Shari Redstone as special committee ends exclusive talks
Shari Redstone, chair of Paramount Global, attends the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on...
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New Florida resident Jeff Bezos pumped $60 million into making lab-grown meat taste better. Ron DeSantis just banned it from the state
Florida Gov. Ron DeSantis may have just crossed a formidable new constituent. The former presidential hopeful this week signed legislation...
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Wayfair shares surge after furniture retailer cuts losses by more than $100 million
Wayfair's sales slid during its first quarter, but the online furniture retailer reduced its losses after cutting 13% of its...
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Berkshire board member blesses Buffett’s successor but warns—’he’s not going to be as entertaining as Warren and Charlie’
Everyone knows Warren Buffett ‘s successor won’t be able to match the legendary investor, but Berkshire Hathaway ‘s board remains confident Greg Abel is...
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Peloton CEO Barry McCarthy to step down, company to lay off 15% of staff as it looks to refinance debt
Barry McCarthy, president and CEO of Peloton Interactive, walks to a morning session at the Allen & Company Sun Valley...
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Swedish companies are going bankrupt at a ‘remarkable’ rate, surging 72% since last year
Bankruptcies in Sweden extended their streak of annual increases to 21 months in April, according to data from Creditsafe, which...
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Carvana shares spike 30% as used car retailer posts record first quarter
Vehicles are seen on display at a Carvana dealership in Austin, Texas, on Feb. 20, 2023.Brandon Bell | Getty ImagesShares...
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Japan has had so many bear attacks in the past year it’s turning to AI to act as a warning system
Japan is turning to artificial intelligence to guard against a growing number of bear attacks. Over 200 people have been...
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Starbucks shares sink 12% as coffee chain slashes 2024 forecast amid same-store sales drag
A Starbucks coffee shop in Amsterdam.Nicolas Economou | Nurphoto | Getty ImagesStarbucks on Tuesday reported weaker-than-expected quarterly earnings and revenue,...
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PayPal CEO nods to ‘compelling’ stablecoin potential as total Q1 payments rise 14%
Although PayPal’s latest earnings report was largely quiet on crypto, CEO Alex Chriss said on a call with analysts Tuesday...
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