Breaking News: Business
NASA’s Orion spacecraft flies by the moon in milestone for Artemis 1 mission
NASA’s Orion spacecraft made its closest approach to the moon on Monday morning during day five of the Artemis 1 mission. The uncrewed capsule flew about 81 miles above the lunar surface, the agency said. Artemis I launched from Florida on Wednesday, with NASA’s most powerful rocket ever – the Space Launch System (SLS) – […]
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Disney board’s decision to replace Bob Chapek with Bob Iger makes everyone look bad
Bob Iger Stephen Desaulniers | CNBC The Disney board’s decision to swap out Bob Chapek for Bob Iger as the company’s CEO may be the right one for the company’s future. But the process to get to this choice makes everyone involved look less than stellar. No sudden CEO change is easy, but the specifics […]
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Bob Iger’s stunning return as Disney CEO throws all of Bob Chapek’s major decisions into question
Robert Iger, Chairman and CEO at The Walt Disney Company speaks in Laguna Beach, California, October 22, 2019. Mike Blake | Reuters Bob Iger’s shocking return as Disney‘s chief executive officer immediately throws into question several major decisions made by outgoing CEO Bob Chapek. Disney shares have fallen more than 40% this year, including slumping […]
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Bob Iger returns as Disney CEO successful straight away
Bob Iger is back again. Disney re-appointed Iger as CEO on Sunday night, successful quickly, right after former CEO Bob Chapek arrived underneath hearth for his administration of the amusement huge. Chapek was named main executive in February 2020, succeeding Iger, who experienced earlier stated he would not return to the role. Shares of Disney […]
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Inflation forces mom and pop restaurants and chains like McDonald’s to lean on their strengths
Customers at a McDonald’s restaurant Scott Mlyn | CNBC As the restaurant industry battles inflation, the large size of chains and their access to cash gives them the upper hand, but independents have advantages of their own when managing higher costs. Feeling the pressure on their budgets, consumers have been cutting back on their restaurant […]
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Flu variant that hits kids and seniors harder than other strains is dominant in U.S. right now
A sign advertising flu shots is displayed at a Walgreens pharmacy on January 22, 2018 in San Francisco, California. A strong strain of H3N2 influenza has claimed the lives of 74 Californians under the age of 65 since the flu season began in October of last year. Justin Sullivan | Getty Images A variant of […]
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Taylor Swift slams ‘outside entity’ over ticket fiasco: ‘I’m not going to make excuses for anyone’
Taylor Swift performs onstage during iHeartRadio’s Z100 Jingle Ball 2019 Presented By Capital One on December 13, 2019 in New York City. Kevin Mazur | Getty Images Taylor Swift responded to her fans Friday after Live Nation‘s Ticketmaster said a general public sale of tickets to the superstar’s “Eras” tour would be canceled because there […]
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Carvana to lay off 1,500 employees following stock freefall
A Carvana used car “vending machine” on May 11, 2022 in Miami, Florida. Joe Raedle | Getty Images Carvana plans to lay off about 1,500 people, or 8% of its workforce, following a freefall in the company’s stock this year and concerns around its long-term trajectory, according to an internal message first obtained by CNBC’s […]
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Pfizer says omicron booster is better against new subvariants like BQ.1.1 than old shots
A staff member draws up a syringe with the Comirnaty vaccine from Biontech and Pfizer adapted to the Omicron-BA.1 variant at the Mainz vaccination center. Sebastian Christoph Gollnow | dpa | Picture Alliance | Getty Images Pfizer said its omicron booster triggers a stronger immune response against a number of emerging Covid subvariants circulating in […]
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Home sales fell for the ninth straight month in October, as higher mortgage rates scared off potential buyers
A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images Home sales declined for the ninth straight month in October, as higher interest rates and surging inflation kept buyers on the sidelines. Sales of previously owned homes dropped 5.9% from September to […]
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