Red Bull F1 dominance boosts energy drink sales
Red Bull’s Max Verstappen celebrates after winning the Brazilian Grand Prix on Nov. 5, 2023. Amanda Perobelli | Reuters Red Bull Racing’s dominance in Formula 1 this year is translating directly to higher sales of its namesake energy drink, the team’s principal and CEO, Christian Horner, told CNBC. “There’s an old adage of, ‘Win on […]
The Big Move: My ex-husband paid the mortgage on our home for 20 years. Do I get half if he sells?
“He recently defaulted on the homeowners-association fees. They contacted me, and I started paying.”
F1 spending cap made racing teams more investable
Singapore’s F1 Grand Prix in 2022. 2022. Bryn Lennon – Formula 1 | Formula 1 | Getty Images Take an elite field of world-class racing experts. Ask them to spend fewer dollars toward beating their bitter rivals. The result, it turns out, is a slate of newly investable assets. That’s how the heads of Formula […]
Opinion: Elon Musk’s X apocalyptic moment
Is this the beginning of the end for X, the social-media site previously known as Twitter? In the last two days, major advertisers, ranging from IBM Corp. IBM, Apple Inc. AAPL, Lions Gate Entertainment Corp. LGF.A, Walt Disney Co. DIS, even the European Union, have pulled their ads from X, after Elon Musk appeared to […]
T-Mobile sued after employee stole nude images from phone
T-Mobile is once again being accused of failing to protect sensitive consumer data after an employee at one of its retail stores stole nude images from a customer’s phone when she came to trade in an old device, according to a lawsuit filed Friday. The incident is similar to at least eight others levied against […]
Opinion: The White House can protect the ethical use of AI. It can’t stifle growth.
It’s a global sprint to codify regulatory guardrails for Artificial Intelligence (AI). Bias, security, job displacement and economic control are just some of the risks that come with transformational leaps in technology. And yet, what possibilities in AI-driven healthcare, in particular, risk never reaching their potential if over-burdensome regulation stifles their growth? President Biden’s executive […]
JAT Capital sends scathing letter to new Bed Bath & Beyond board
Signage is displayed outside a permanently closed Bed Bath & Beyond retail store in Hawthorne, California, on May 1, 2023. Patrick T. Fallon | AFP | Getty Images Investment firm JAT Capital sent a scathing letter to the board of the new Bed Bath & Beyond on Friday saying it has refused to answer questions […]
U.S. stocks waver between gains and losses, but head for third week in the green
U.S. stocks wavered between gains and losses on Friday as the major indexes headed for a third straight week in the green, spurred by hopes for a soft landing for the U.S. economy, and the prospect of interest-rate cuts arriving during the first half of 2024. What’s happening The Dow Jones Industrial Average DJIA fell […]
Tiger Woods new golf league faces dome collapse
Tiger Woods of the United States catches a ball on the practice area during the third round of the 2023 Masters Tournament at Augusta National Golf Club on April 08, 2023 in Augusta, Georgia. Andrew Redington | Getty Images Extensive damage at a Florida dome venue is potentially a big blow to the Tiger Woods […]
Macy’s (M) earnings Q3 2023
Macy’s on Thursday topped Wall Street’s quarterly expectations, as inventory and margin improvement helped offset a 7% year-over-year decline in sales. The department store chain’s shares jumped nearly 6%. In an interview with CNBC, CEO Jeff Gennette said the company has seen steady business across key categories for the holiday season, especially beauty. He said […]
