Browsing: Business
The Federal Communications Commission is blocking an investment firm’s access to valuable wireless spectrum and threatening to take away its licenses because of a paperwork filing error – and the…
Marketers are pouring billions into AI creators and avatars. Joe Ciarallo, who runs communications at Synthesia, says firms like NBCUniversal use AI clones. Eve Lee, founder of social media agency…
President Donald Trump said he would impose tariffs on Britain if Prime Minister Keir Starmer does not drop the digital service tax, The Telegraph reported on Friday, citing an interview…
Lululemon Athletica’s shares are swooning after the leggings maker this week named a new chief executive who investors say doesn’t have the chops to solve the struggling company’s problems. Lululemon’s…
Warner Bros. Discovery shareholders voted to greenlight the company’s $81 billion merger with Paramount Skydance on Tuesday — but rejected CEO David Zaslav’s massive golden parachute worth as much as…
Nike said Thursday it is laying off about 1,400 global operations employees in an effort to streamline workflows as the struggling sportswear company fights through a years-long sales slump. In a…
Buyers scooping up coveted Anthropic shares have vaulted the AI giant’s valuation on some trading platforms to $1 trillion – eclipsing OpenAI’s market capitalization by over $100 billion in a…
Mayor Zohran Mamdani’s plan for a city-owned grocery market in East Harlem’s La Marqueta has a deeper problem than the absurdity of spending $30 million to launch a mere 9,000-square-foot…
Billionaire Ken Griffin is fuming after Mayor Zohran Mamdani spotlighted his Manhattan penthouse in a viral video announcing a new pied-à-terre tax – and the hedge fund titan signaled he…
Microsoft is planning its first voluntary employee buyout in the Windows maker’s 51-year history, CNBC reported Thursday, citing a memo. Like other US tech giants, Microsoft has been spending aggressively on artificial intelligence.…