‘The tide went out’: How a string of bad loans has bank investors hunting for hidden risks
Investors are focused on a specific type of lending made by banks to non-depository financial institutions, or NDFIs, as the source of possible contagion.
Free returns are not a given anymore, as retailers deal with rising costs
A surge in product returns seen through the pandemic is leveling off as retailers’ generous return policies have become “harder to sustain,” a new report says.
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Why Micron is pulling out of the data-center chip business in China
The memory-chip maker reportedly hasn’t recovered from a Chinese government ban on part of its chip business in 2023.
Apple and F1 reach 5-year media deal, bringing all races to Apple TV streaming in the U.S.
Apple and Formula 1 announced their long-awaited five-year U.S. media rights deal that will bring all U.S. televised races to Apple TV
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Barstool Sports founder Dave Portnoy buys record-setting $28 million waterfront estate in Florida Keys
Barstool Sports president Dave Portnoy has reportedly purchased a new “sanctuary” in the Florida Keys for a staggering price.
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Spotify says it’s working to protect artists from AI abuse, but the streaming company’s track record is shaky
After years of fighting scams and fraud, the music-streaming company announced it is joining forces with three major music labels to develop AI products that can help artists.
Big banks like JPMorgan Chase and Goldman Sachs are already using AI to hire fewer people
Even during a blockbuster year for Wall Street as trading and investment banking spins off billions of dollars in revenue, the banks are hiring fewer people.
