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Categories Business

FTX exec who turned on Sam Bankman-Fried sentenced to 7.5 years in prison

Author May 30, 2024

Ryan Salame, a former top lieutenant of FTX founder Sam Bankman-Fried, has been sentenced to 90 months, or seven and a half

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Categories Business

McDonald’s might never expand CosMc’s. But the spinoff could still pay dividends.

Author May 30, 2024

Nearly six months since McDonald’s opened its first CosMc’s location, the hours-long drive-thru lines have died down, but the chain is just getting started. The burger

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Categories Business

Why everyone is suddenly talking about Nvidia, the nearly $3 trillion-dollar company fueling the AI revolution

Author May 30, 2024

The business world is increasingly banking on artificial intelligence to be the next big thing, and has found itself turning to one

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Categories Business

Shaking seats and piped-in fog: How 4DX is carving out a niche moviegoing market

Author May 29, 2024

In George Miller’s new Mad Max film “Furiosa,” a red paint flare explodes and casts the theater screen in a saturated crimson

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Categories Business

Why it seems like everyone you know is going on a cruise

Author May 29, 2024

­­­Lots of people will be getting their sea legs this summer. Ports have been packed with cruise ships over the last few years,

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Categories Business

Elon Musk’s AI startup now valued at $24 billion after fresh funding

Author May 28, 2024

Elon Musk’s AI startup xAI raised $6 billion in series B funding, reaching a post-money valuation of $24 billion as investors bet

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Categories Business

Advertisers boost spending at retailers such as Walmart and Amazon as TV shrinks

Author May 27, 2024

The next frontier for the ad market isn’t on TV — it’s at screens near points of sale. Television had long been the

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Categories Business

It wasn’t the endless shrimp that pinched Red Lobster. How private equity rolled the seafood chain.

Author May 27, 2024

Angry that your favorite Red Lobster closed down? Wall Street wizardry had a lot to do with it. Red Lobster was America’s largest

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Categories Business

UAW challenges Mercedes-Benz union vote, asks NLRB for new election

Author May 27, 2024

DETROIT — The United Auto Workers union is challenging the results of last week’s organizing vote of Mercedes-Benz workers in Alabama, in which workers voted

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Categories Business

Nvidia CEO Jensen Huang’s net worth swells from $3 billion to $90 billion in five years

Author May 27, 2024

Five years ago, Nvidia CEO Jensen Huang owned a stake in his chipmaker worth roughly $3 billion. After Thursday’s rally, which pushed the stock

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