Monday, August 27: Elon Musk announces in a blog post that he will not take Tesla private; Warren Buffett's Berkshire Hathaway to buy stake in India's Paytm; Tiger Woods urges support of President Donald Trump and 'respect of the office.' Yahoo Finance's Julia La Roche pours over today's Business + Coffee!
Donald Trump is set to secure on Tuesday a stock bonus worth $1.3 billion from the company that operates his social media app Truth Social, equivalent to about half the majority stake he already owns in it, thanks to the wild rally in its shares. The award will take the former U.S. President's overall stake in the company, Trump Media & Technology Group (TMTG), to $4.1 billion. While Trump has agreed not to sell any of his TMTG shares before September, the windfall represents a significant boost to his wealth, which Forbes pegs at $4.7 billion.
There will be tears.
Victoria Beckham releases new collaboration with Mango — Joe Bromley has the key pieces to shop before summer
Hannah Snellgrove is in the condition of her life heading to the Semaine Olympique Francaise and knows the event will act as her biggest marker ahead of her Olympic debut.
Markets currently rate the chance of a Bank of England interest rate cut in June as about 50-50
The U.S. Federal Trade Commission (FTC) is expected on Tuesday to approve a rule that would ban agreements commonly signed by workers not to join their employers' competitors, which it says limit worker mobility and suppress their pay. The five-member FTC, which enforces antitrust laws and currently has a Democratic majority under President Joe Biden, is scheduled to meet later on Tuesday to vote on the rule first proposed in January 2023. The FTC, Democrats and worker advocates who support the rule say it is necessary to rein in the increasingly common practice of requiring workers to sign so-called "noncompete" agreements, even in lower-paying service industries such as fast food and retail.
Demonstrators at NYU and Yale are arrested while Columbia cancels in-person classes for safety.
For the Second Year in a Row, Annual Research Finds Managing Risk is the Most Important Factor for Background Screening ProgramsATLANTA, April 23, 2024 (GLOBE NEWSWIRE) -- First Advantage Corporation (NASDAQ:FA), a leading provider of employment background screening, identity and verification solutions, today shared findings from its 2024 Global Trends Report. The latest edition of the proprietary research is the Company’s most comprehensive yet, offering a worldwide perspective based on over 10
A four-year-old girl was said to be among the dead
The UK's oldest synagogue could have to shut if plans to build a new tower block are approved, a rabbi previously warned
Spotify on Tuesday reported quarterly monthly active users (MAU) of 615 million, missing its own estimates, as the Swedish music streaming company spent less on marketing activities to draw in more listeners. First-quarter MAUs rose 19%, but missed Spotify's own guidance and a median of analysts' forecasts of 618 million. Premium subscribers, who account for most of the company's revenue, rose by 14% to 239 million, in line with estimates, according to IBES data from LSEG.
United Parcel Service reported a decline in first-quarter profit on Tuesday, as margins came under pressure from subdued demand for small-package delivery and higher costs tied to a new labor contract with the Teamsters union. Delivery companies such as UPS and FedEx have seen demand normalize following a boom during the pandemic, when home-bound consumers were forced to shop online. A new labor contract with the Teamsters union is also squeezing the Atlanta-based company's profit.
Delivery companies such as UPS and FedEx have seen demand normalize following a boom during the pandemic, when home-bound consumers were forced to shop online. A new labor contract with the Teamsters union is also squeezing the Atlanta-based company's profit.
Fintech lender Affirm has started quietly offering "buy now, pay later" (BNPL) loans for elective medical procedures, in a major push beyond its core e-commerce market, the company told Reuters. Over the past year, Affirm has more than doubled the number of elective medical merchants on its network, reaching around 130 at of the end of 2023. The San Francisco-based company is hoping to tap growing consumer demand for financing for cosmetic treatments, dental services, medical devices and veterinary procedures.
Forget Pret, say no to Nero and wish goodbye to Gail’s — this is where to find the very best coffee in London
Consumers have remained resilient and shelled out money for PepsiCo's Lays chips and 7UP products across the company's international markets, helping offset a slowdown witnessed in its major market United States. Several rounds of price hikes in the U.S. have led consumers in the region to push back on the company's sodas and juices as sticky inflation makes customers cautious with their spending. PepsiCo's average prices jumped 5% for the quarter ended March 23, while organic volume slipped 2%.
COMMENT: Why does blame always lay with the ‘other woman’, asks Katie Edwards
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