Year: 2023
Electric powered scooter firm Bird data files for bankruptcy
A banner for electrical scooter rental firm Bird is displayed exterior of the New York Stock Exchange as the company goes public via a SPAC on Nov. 5, 2021. Spencer Platt | Getty Images The electric scooter firm Fowl, the moment valued at $2.5 billion by traders, submitted for Chapter 11 individual bankruptcy protection in […]
Read More
General Mills echoes FedEx with a warning about weaker demand
Limited Edition holiday breakfast cereal, Christmas Crunch in holiday shapes, Target store, Queens, New York. (Photo by: Lindsey Nicholson/UCG/Universal Images Group via Getty Images) Lindsey Nicholson | Getty Images Two big companies weighed in on persistent demand woes this week. General Mills, which reported earnings Wednesday morning, said tepid demand and pricing pressures are compounding […]
Read More
Billions are on the line for lenders as White Home finalizes credit card late cost cap
Signage is witnessed at the Shopper Economic Protection Bureau headquarters in Washington, D.C., on Aug. 29, 2020. Andrew Kelly | Reuters WASHINGTON — The Purchaser Fiscal Defense Bureau’s bold rule proposal to crack down on credit score card late charges, a $14.5 billion income stream for credit score card companies, will possibly roll out in […]
Read More
Activision Blizzard CEO Bobby Kotick to step down at the close of the 12 months
Activision Blizzard CEO Bobby Kotick speaks at the CNBC Evolve conference November 19th in Los Angeles. Jesse Grant | CNBC Activision Blizzard CEO Bobby Kotick will action down from his part as head of the video match organization on Dec. 29, according to an inner memo from Microsoft Gaming CEO Phil Spencer Wednesday. The leadership […]
Read More
With Aquaman sequel's release, one DC movie era ends and another begins
Jason Momoa stars as Arthur Curry, aka Aquaman, in Warner Bros.’ “Aquaman and the Lost Kingdom.” Warner Bros. Discovery Stick a trident in it. “Aquaman and the Lost Kingdom” opens Friday, marking the final installment in Warner Bros. Discovery’s DC Extended Universe film franchise and likely Jason Momoa’s final turn as the titular hero. The […]
Read More
Over a half-billion dollars in railroad freight stuck at Texas border crossings amid migrant battle
NBC NEWS — Pictured: Border Patrol Agents arrest 8 suspected illegals in Maverick County, near Eagle Pass, TX, as they try to ride a freight train into the United States from Mexico on February 27, 2007 — Photo by: Al Henkel/NBC NewsWire Nbc Newswire | Nbcuniversal | Getty Images Major railroads Union-Pacific and BNSF, a […]
Read More
Big M&A and Bob Iger's future: 13 media executives make their anonymous 2024 predictions
NYT Columnist Andrew Ross Sorkin and C.E.O. of The Walt Disney Company Bob Iger speak during the New York Times annual DealBook summit on November 29, 2023 in New York City. Michael M. Santiago | Getty Images It’s the most wonderful time of the year! It’s the third annual anonymous media and entertainment executive predictions […]
Read More
Whiskey distillers cheer as EU, U.S. strike deal to avoid 50% tariff on exports to Europe
Jack Daniel’s Tennessee Whiskey. Getty Images U.S. whiskey distillers are breathing a sigh of relief as they will avoid a looming 50% tax on shipments to Europe. The European Union said Tuesday it would extend the suspension of tariffs on U.S. whiskey until March 31, 2025. The 50% levy, which came in the context of […]
Read More
Apple resolves outage influencing its payment features, like Apple Fork out, Card, Cash and Wallet
Numerous of Apple’s payment options, which includes Apple Pay, had been down for a interval of time Wednesday morning, according to Apple’s system status web site. Apple Card, Hard cash, Pay out and Wallet outages transpired from 6:15 a.m. to 6:49 a.m. for some consumers, nonetheless the firm’s technique standing website page was not current […]
Read More
Tesla hiring Nordic plan skilled as 'WWE-like standoff' with unions intensifies
C.E.O. of Tesla, Chief Engineer of SpaceX and C.T.O. of X Elon Musk usually takes the phase during the New York Occasions yearly DealBook summit on November 29, 2023 in New York Metropolis. Michael M. Santiago | Getty Images Tesla is employing a Nordic community plan specialist as the U.S. electrical car or truck giant’s […]
Read More