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Universal Music loses $13 billion in market cap after streaming revenue misses expectations

Universal Music loses $13 billion in market cap after streaming revenue misses expectations

The record label behind Taylor Swift, Billie Eilish and Ariana Grande has posted revenue growth from its subscription and streaming…
Bill Ackman’s Pershing Square Closed-End Fund IPO Delayed: NYSE

Bill Ackman’s Pershing Square Closed-End Fund IPO Delayed: NYSE

Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor Bill Ackman is postponing…
Paris Olympics kick off with lavish opening ceremony

Paris Olympics kick off with lavish opening ceremony

The Paris Olympics kicked off with a lavish opening ceremony Friday night as a flotilla of boats carried 10,500 athletes…
CEO abruptly resigns from board after leaked emails allegedly show inappropriate influence

CEO abruptly resigns from board after leaked emails allegedly show inappropriate influence

Gabrielle “Ellie” Rubenstein, daughter of Carlyle Group Inc. co-founder David Rubenstein has resigned from the board of Alaska’s sovereign wealth…
Kroger, Albertsons Agree to Halt Merger as FTC and State Challenges Continue

Kroger, Albertsons Agree to Halt Merger as FTC and State Challenges Continue

The deal between the two grocery stores has faced close regulatory scrutiny since it was announced in October 2022.
Markets see three rate cuts by year-end after better inflation news

Markets see three rate cuts by year-end after better inflation news

News of improving inflation has once again raised investors’ hopes that the Federal Reserve will soon begin cutting interest rates…
What we know so far

What we know so far

Just hours before the opening ceremony of the Olympics, France was hit by an act of sabotage that paralyzed its…
Team GB CEO: Olympic Village not serving enough food

Team GB CEO: Olympic Village not serving enough food

Competing in the Olympics is the ultimate dream for many athletes. The event is also a huge undertaking for host…
Hermes Bucks Luxury Slow Down With High Sales But Flags Weakness in China

Hermes Bucks Luxury Slow Down With High Sales But Flags Weakness in China

The maker of Birkin handbags reported higher sales in the second quarter, helped by wealthy customers, helping the company weather…
Chinese shoppers flock to Japan to take advantage of weak yen

Chinese shoppers flock to Japan to take advantage of weak yen

Chuo Ward, Tokyo, Japan – February 23, 2018; Top luxury shopping streets lined with colorful neon signs. Ginza avenues are…
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