Business News
A slice of tourists hasn't returned since COVID. L.A. wants them back.
L.A. Times - 2 May 2024 13:00
Boosting visits from international travelers is crucial to the overall strength of L.A.'s tourism industry. Foreign travelers tend to stay longer and spend more.
Taylor Swift, Adele, and Bad Bunny's music returning to TikTok, thanks to a new UMG deal
Fast Company - 2 May 2024 12:22
The UMG artists' music returns to the popular platform after a monthslong dispute. Artists from Universal Music Group, which include Taylor Swift, Drake, Adele, Bad Bunny and Billie Eilish, will be returning to TikTok as...
In an unprecedented move, Trump Media asks Congress to investigate 8 firms for short selling its stock
Fast Company - 2 May 2024 21:30
Despite the company's high valuation and low revenue, Trump Media is asking House Republicans to go after short sellers. Investors in Trump Media could use some Dramamine. The holding company of Donald Trump's Truth Soci...
Imec.xpand raises $320M for fund to invest in semiconductors and nanotechnology
Venture Beat - 2 May 2024 09:05
Imec.xpand, a chip and nanotech-focused venture capital fund, announced the launch of a new $320 million fund today.
Peloton's CEO steps down as the company cuts 15% of staff
Business Insider - 2 May 2024 13:38MongoDB's Atlas Vector Search Knowledge Bases is now generally available for Amazon Bedrock
Venture Beat - 2 May 2024 12:00
MongoDB moves Atlas Vector Search on Knowledge Bases for Amazon Bedrock into general availability, helping train LLMs with proprietary data.
UK interest rates should stay high until inflation eases further, OECD says
Sky News - 2 May 2024 08:58
One of the world's leading economic authorities has warned the UK that borrowing should remain expensive until the rate of price rises eases further and stays there.
25,000 people begin taking Wegovy each week, but Novo Nordisk stock is sinking anyway
Fast Company - 2 May 2024 18:35
While sales of the blockbuster drug nearly doubled, the results still fell short of analysts' expectations as the company faces competition from Eli Lilly. Danish drugmaker Novo Nordisk, the creator of Ozempic and Wegovy...
Crypto for Advisors: Digital Asset Custody's Future
Coin Desk - 2 May 2024 18:00
Once they reach a certain level of sophistication, there's a clear trend for Web3 asset holders to transition their digital asset wealth to self-custody.
Sony, Apollo Make $26 Billion All-Cash Offer for Paramount
Wall Street Journal - 2 May 2024 22:28Block's stock shoots higher as Square parent boosts its earnings outlook
Market Watch - 2 May 2024 22:23Getting up in Your Grill: Ace Hardware Debuts Private Label BBQ Sauce and Apparel Lines
Retail Touch Points - 2 May 2024 17:59
Building on its reputation as a destination for outdoor grilling, Ace Hardware has launched the private label Loud Mouth Barbeque line of sauces and rubs -- its first edible product offerings. The sauces are priced for a...
Shell to focus on share buybacks to boost stock over New York listing, CEO Wael Sawan says
Market Watch - 2 May 2024 17:18Cloudflare's stock is tanking after revenue outlook disappoints investors
Market Watch - 2 May 2024 22:51We're reading: How Facebook's AI 'Shrimp Jesus' is creating a zombie internet
Business Insider - 2 May 2024 22:04I went to a food festival where Latina chefs shared their culinary journeys — and fed my Boricua soul
Business Insider - 2 May 2024 19:15
Latina restaurant owners showcased their culinary skills at a Latin food festival in Jersey. Their dishes included empanadas, alcapurrias, and crepes.
McDonald's says it's listening to penny-pinching customers and focusing on value
Business Insider - 2 May 2024 16:01
"The consumer is price weary," McDonald's CFO Ian Borden told analysts, adding diners were "certainly" visiting fast-food restaurants less frequently.
Milan said it would ban ice cream on the streets after midnight. After a fierce backlash, it backed down.
Business Insider - 2 May 2024 14:04The US spent so much time fighting insurgents that it forgot 'what it means to actually fight a war,' a US vet in Ukraine says
Business Insider - 2 May 2024 13:45The Hollywood box office is slumping. 'The Fall Guy' could change that.
Business Insider - 2 May 2024 13:05Universal signs TikTok deal allowing artists back on platform
The Guardian - 2 May 2024 12:02
Music giant pulled content amid row over issues such as deepfake AI-generated music and artists' compensation TikTok and Universal Music Group have reached a deal that will allow songs and artists from its labels includi...
Washed Out's new music video was created with AI. Is it a watershed moment for Sora?
L.A. Times - 2 May 2024 12:00
Washed Out is the first major music artist to commission a music video using OpenAI's Sora text-to-video technology.