Month: May 2023
Wheels Up founder abruptly steps down as losses mount, potential bankruptcy looms
Kenny Dichter, founder and chief executive officer of Wheels Up Chris Goodney | Bloomberg | Getty Images Private jet company Wheels Up announced Tuesday that its founder and CEO, Kenny Dichter, is stepping down from his post immediately as the company faces mounting losses and the potential for bankruptcy. Board member Ravi Thakran will become […]
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Under Armour sends potential warning sign about retailers’ profits
People walks past a Under Armour clothing store in Siam Center, Bangkok. Guillaume Payen | SOPA Images | LightRocket | Getty Images Under Armour‘s shares sank Tuesday, even after the athletic apparel and footwear retailer beat Wall Street’s quarterly revenue and earnings expectations. The reason for the drop may offer insights into challenges faced by […]
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Charlie Munger is skeptical of AI: ‘Old-fashioned intelligence is effective fairly well’
Billionaire investors Warren Buffett, 92, and Charlie Munger, 99, usually are not hopping on to the synthetic intelligence (AI) hype train. All through this year’s once-a-year Berkshire Hathaway shareholder conference, the two leading executives expressed doubt when asked about how robotics and AI improvement will impression the stock market and culture as a entire. “I […]
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FDA may allow birth control pill without prescription this summer as experts weigh data
Opill Oral Contraception Source: Perrigo The Food and Drug Administration could approve the sale of birth control medication without a prescription for the first time by this summer. A committee of independent experts who advise the FDA is set to meet Tuesday and Wednesday to make a recommendation on whether data submitted by HRA Pharma […]
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Jury in Trump rape defamation demo receives charging directions from decide
A screen shows a previous U.S. president Donald Trump’s movie deposition in court docket during a civil demo wherever former Elle magazine guidance columnist E. Jean Carroll accuses the previous U.S. president in a civil lawsuit of raping her in a division retailer dressing room in the mid-1990s, and of defamation, in New York, U.S., […]
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German regulator warns of a ‘nervous time’ for banks, predicts pressure in the residence sector
Skyscrapers of the metropolis heart can be found from the Lohrberg in the north of Frankfurt. Image: Arne Dedert/dpa (Photo by Arne Dedert/photo alliance via Getty Photographs) Picture Alliance | Photograph Alliance | Getty Illustrations or photos Germany’s fiscal regulator on Tuesday warned that the country’s banking process is undergoing a real-lifetime worry exam amid […]
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LinkedIn lays off 716 employees, kills China jobs application
Aytac Unal | Anadolu Company | Getty Pictures LinkedIn, the well known company social networking platform owned by Microsoft, will discontinue its China-unique careers app, InCareer, and lay off 716 personnel globally, the company reported in a concept to workforce. The move, introduced Monday, will influence close to 3.5% of LinkedIn’s somewhere around 19,000 employees […]
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Boeing and Ryanair CEO on enormous Ryanair buy for Boeing 737-Max-10s
ShareShare Article through FacebookShare Posting by way of TwitterShare Short article through LinkedInShare Short article through Email Michael O’Leary, Ryanair, and David Calhoun, Boeing, sign up for ‘Squawk on the Street’ to talk about Ryanair’s latest order from Boeing, Calhoun’s feelings on the Boeing 737-Max-10 and extra. Supply
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Fisker cuts production guidance for Ocean EV after last-minute snags
Henrik Fisker stands with the Fisker Ocean electric vehicle after it was unveiled at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA on November 16, 2021 in Manhattan Beach, California. Patrick T. Fallon | AFP | Getty Images Electric vehicle startup Fisker on Tuesday reported a wider first-quarter loss than […]
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Fox posts quarterly loss on Dominion settlement despite boost from Super Bowl, Tubi
The News Corporation headquarters, which is also home to Fox News, stands in Manhattan on April 18, 2023 in New York City. Spencer Platt | Getty Images Fox Corp. reported a quarterly net loss on Tuesday due to the costs related to its settlement with Dominion Voting Systems, despite revenue that was lifted by the […]
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