Month: May 2023
Olive Garden parent Darden Restaurants bets on fine dining with $715 million Ruth’s Chris deal
A Ruth’s Chris Steak House in Miami, May 3, 2023. Joe Raedle | Getty Images News | Getty Images Olive Garden owner Darden Restaurants is betting on fine dining with its $715 million acquisition of Ruth’s Chris Steak House. The company’s announcement on Wednesday that it’s adding another fine-dining restaurant to its portfolio surprised some. […]
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Airbnb CEO Brian Chesky on heading back again to corporation roots with private space rentals
ShareShare Posting by using FbShare Short article by way of TwitterShare Write-up via LinkedInShare Report by using E mail Airbnb CEO Brian Chesky joins Andrew Ross Sorkin on ‘Squawk Box’ to examine the firm’s renewed aim on private place rentals, new programs and margins, the potential of A.I. and additional. Source
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Struggling Lordstown Motors expects to end production of its EV pickup ‘in the near future’
Lordstown Motors gave rides in prototypes of its upcoming electric Endurance pickup truck on June 21, 2021 as part of its “Lordstown Week” event. Michael Wayland / CNBC Lordstown Motors expects to end production of its Endurance pickup truck “in the near future,” as the embattled EV startup runs out of cash and seeks additional […]
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Britain launches probe into ChatGPT-fashion A.I. as regulators mature involved by dangers
Nikolas Kokovlis | NurPhoto | Getty Images LONDON — The U.K. opposition regulator launched an investigation into the synthetic intelligence industry, searching for to study likely competition and consumer issues as U.S. tech giants Microsoft and Google sq. off above the technology. The probe will concentration on “basis types” like massive language versions and generative […]
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Billionaire Richard Branson defends place journey, argues it can gain planet
Richard Branson on board Virgin Galactic’s VSS Unity in July 2021. The billionaire thinks the environmental fees of room vacation are set to “appear down even even further.” Virgin Galactic | by means of Reuters British billionaire Richard Branson believes place journey can be helpful for the earth, arguing that visits like the just one […]
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Shopify cuts 20% of its workforce shares surge on earnings beat
An employee works at Shopify’s headquarters in Ottawa, Ontario, Canada. Chris Wattie | Reuters Shopify on Thursday announced it truly is chopping 20% of its workforce. The information came as it claimed first-quarter earnings that defeat analyst estimates on both the prime and bottom strains. Shares of Shopify surged as a lot as 24% in […]
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Regional banking crisis will never conclude unless the Fed cuts desire prices, Jeffrey Gundlach claims
The regional bank disaster will persist unless of course the Federal Reserve cuts fees, according to Jeffrey Gundlach. The DoubleLine Capital co-founder and main executive explained to CNBC’s ” Closing Bell ” that despite reviews from Fed chair Jerome Powell that the disaster has enhanced noticeably, deposits will go on to flee. “These persons are […]
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European Central Lender raises prices by 25 basis points, slowing the pace of hikes
Christine Lagarde, President of the European Central Financial institution (ECB), declared a new price choice Thursday pursuing new inflation knowledge. Caisa Rasmussen | Afp | Getty Illustrations or photos The European Central Lender on Thursday amplified its benchmark curiosity amount by 25 foundation points as it continues to struggle a surge in client price ranges, […]
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Apple established to report quarterly earnings after the bell
Main Government Officer (CEO) of Apple Tim Cook dinner waves to people throughout the opening of the to start with Apple Inc. flagship keep in Mumbai, India on April 18, 2023. Imtiyaz Shaikh | Anadolu Agency | Getty Images Apple is scheduled to report fiscal 2nd-quarter benefits just after the close of standard trading on […]
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Paramount Global shares fall 17% premarket after revenue, earnings miss estimates
In this photo illustration, the Paramount Global logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Paramount Global fell as much as 17% premarket after it reported earnings and revenue that missed analyst estimates and cut its quarterly dividend. The company cut its dividend to 5 cents […]
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