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Categories Business

LVMH and Formula One announce 10-year partnership

Author October 3, 2024

Liberty Media-owned Formula One and luxury giant LVMH are entering into a 10-year partnership, according to a joint press release from the companies Wednesday

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Categories Business

OpenAI closes funding at $157 billion valuation as Microsoft, Nvidia, SoftBank join round

Author October 3, 2024

OpenAI has closed its long-awaited funding round at a valuation of $157 billion, including the $6.6 billion the company raised from an

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Categories Business

Microsoft’s mammoth AI bet will lead to over $100 billion in data center leases

Author October 2, 2024

As Microsoft investors get ready for quarterly earnings this month, there’s one particular metric that’s become increasingly important: finance leases. A finance lease lets a

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Categories Business

East and Gulf coast ports shut down as thousands of workers go on strike

Author October 2, 2024

Tens of thousands of longshoremen went on strike at midnight ET, shutting down major ports along the East and Gulf coasts and

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Categories Business

PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

Author October 2, 2024

PepsiCo said Tuesday that it’s buying Mexican-American food company Siete Foods for $1.2 billion, marking the company’s first food acquisition in roughly five

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Categories Business

Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike

Author September 30, 2024

With a potential strike at ports up and down the East Coast and along the Gulf Coast set to begin after midnight

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Categories Business

Trademark dispute emerges over Tiger Woods’ new logo

Author September 30, 2024

Tiger Woods’ new logo for his Sun Day Red golf apparel line is facing a trademark dispute. Tigeraire, a company that makes cooling

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Categories Business

Sam Altman tells OpenAI staff there’s no plan for him to receive ‘giant equity stake’ in company

Author September 30, 2024

At an all-hands meeting Thursday, OpenAI CEO Sam Altman denied that there are plans for him to receive a “giant equity stake”

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Categories Business

Why JPMorgan Chase is prepared to sue the U.S. government over Zelle scams

Author September 29, 2024

Buried in a roughly 200-page quarterly filing from JPMorgan Chase last month were eight words that underscore how contentious the bank’s relationship with the government has

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Categories Business

Promises of ‘passive income’ on Amazon led to death threats for negative online review, FTC says

Author September 27, 2024

Jamaal Sanford received a disturbing email in May of last year. The message, whose sender claimed to be part of a “Russian

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