Inflation in the United States edged up in July after 12 straight months of slowdowns. The inflation data the government reported Thursday showed that overall consumer prices was up 3.2% from a year earlier. That was up from a 3% annual rise in June, which is high… but still was… Read More
Hulu and Disney+ each subscription price by $3, vowing big changes
Walt Disney Co. CEO Bob Iger vowed to make its streaming services profitable via a planned October price hike on its ad-free Disney+ and Hulu plans and a crackdown on password sharing expected to extend through next year. The increases will raise the monthly cost of ad-free Disney+ by $3,… Read More
U.S. company buys Michael Kors, Versace and Jimmy Choo for $8.5 billion
Tapestry, parent company of luxury handbag and accessories retailer Coach, is buying the owner of fashion brands including Michael Kors, Versace and Jimmy Choo, Capri Holdings. The approximately $8.5 billion deal puts Tapestry in a better position to take on its big European fashion rivals. U.S. fashion houses have been… Read More
Storms lead to unprecedented $34 billion in US insured losses so far this year, Swiss Re says
Waves of severe thunderstorms in the U.S. during the first half of this year led to $34 billion in insured losses, an unprecedented level of financial damage in such a short time, according to Swiss Re Group, as climate change contributes to the frequency and severity of violent meteorological events…. Read More
Sony’s profits drop 17% the film industry’s two strikes
Sony’s April-June profit slipped 17% from a year earlier, as worries grew about revenue damage from a strike in the movie sector, the Japanese electronics and entertainment company said Wednesday. Tokyo-based Sony Corp.’s fiscal first quarter profit totaled 217 billion yen ($1.5 billion), down from 261 billion yen a year… Read More
Jackpot! Winning Mega Millions ticket sold in Florida with 3rd-largest prize ever
A single ticket sold in Florida is good for a $1.58 billion Mega Millions jackpot, ending a stretch of lottery futility that had stretched for nearly four months. A Publix grocery store in Neptune Beach sold the winning ticket, according to the Florida Lottery. The winning numbers drawn Tuesday night… Read More
ESPN strikes $1.5B deal to jump into sports betting
You know ESPN the sports media giant. Now brace yourself for ESPN Bet, a rebranding of an existing sports-betting app owned by Penn Entertainment, which is paying $1.5 billion plus other considerations for exclusive rights to the ESPN name. The deal, announced Tuesday, could take Walt Disney Co.-owned ESPN into… Read More
Zoom Inc., ironically, wants workers back in person now
The company whose name became synonymous with remote work is joining the growing return-to-office trend. Zoom, the video conferencing pioneer, is asking employees who live within a 50-mile radius of its offices to work onsite two days a week, a company spokesperson confirmed in an email. The statement said the… Read More
Musk says he may need surgery before any ‘cage match’ with Mark Zuckerberg
Elon Musk says he may need to get surgery before a proposed “cage match” with Mark Zuckerberg. The two tech billionaires seemingly agreed to an in-person face-off in late June. It’s unclear if a physical fight will actually end up happening, but Musk and Zuckerberg have continued to fuel interest… Read More
Your likelihood of winning the $1.55 billion Mega Millions jackpot
There’s no shaking it. Your chances of winning the lottery are extremely slim. After no big winner Friday night, the Mega Millions jackpot climbed to an estimated $1.55 billion. If someone wins it all on Tuesday, when the next Mega Millions drawing takes place, the prize would one of the… Read More
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