Drew Angerer | Getty ImagesMedia and technology titans will convene in Sun Valley this week to lay the groundwork for the future of streaming — and for potential alliances.Allen & Co.'s annual conference, often referred to as "summer camp for billionaires," kicks off at a ski lodge in Idaho...
When Walmart announced earlier this summer that it would add digital shelf labels to more of its stores, the discounter said the move would cut another tedious task from store workers' to-do lists.Customers didn't necessarily see it that way. On TikTok, some criticized the higher-tech price tags as the...
Rescuers work at the scene of an Ethiopian Airlines flight crash near Bishoftu, or Debre Zeit, south of Addis Ababa, Ethiopia, Monday, March 11, 2019.Mulugeta Ayene | ReutersBoeing has agreed to plead guilty to criminal fraud tied to the fatal 737 Max crashes, a decision that brands the U.S....
The Paramount Studios in Los Angeles, California, US on Monday, April 29, 2024. Eric Thayer | Bloomberg | Getty ImagesParamount Global has agreed to merge with Skydance, capping off a monthslong negotiation that included various twists and turns, which means the Redstone family will step away from control of the...
Passengers pass through O'Hare airport in Chicago, July 3, 2024.Scott Olson | Getty ImagesRecord summer air travel demand isn't translating to record U.S. airline profits. Carriers will have to answer for that disconnect when they report quarterly results this month.Some airlines have forecast record demand, and in some cases,...
The semiconductor industry is recruiting workers in a tight labor market, as the competition for talent ramps up and funding from the CHIPS and Science Act designed to spur domestic production continues to be dispersed.It's also staring down a projected shortfall of as much as 1 million workers in...
Saks Fifth Avenue store at the Waterside Shops. John Greim | Lightrocket | Getty ImagesSaks Fifth Avenue parent HBC said on Thursday it will acquire Neiman Marcus Group in a $2.65 billion deal combining the storied retailers.The combination will establish Saks Global, which will include Saks Fifth Avenue, Saks OFF...
Patrick Bertoletti, Geoffrey Esper and other contestants compete in the 2024 Nathan's Famous Fourth of July International Hot Dog Eating Contest at Coney Island in New York City, U.S., July 4, 2024.Jeenah Moon | ReutersThere's a new top dog in the frankfurter eating world.Patrick Bertoletti won Nathan's Hot Dog...
Women's soccer is bringing private equity off the sidelines.While other major U.S. sports leagues – Major League Soccer, the National Basketball Association, Major League Baseball and the National Hockey League – have allowed private equity investors to take passive, minority stakes, only the National Women's Soccer League has allowed...
In the world of luxury, Hermès is arguably the gold standard.Its sales are growing double digits even as other luxury companies post declines or dramatically slower growth. Wealthy customers lucky enough to be anointed as Birkin-bag worthy can purchase a Birkin 25 for about $11,000 and flip it the same...