Financial services giant Capital One has agreed to purchase Discover Financial Services for $35 billion in stock. The deal combines two major US credit card providers into an expanded consumer banking powerhouse. Under terms announced Monday, Discover shareholders will receive Capital One stock valued at nearly $140 per share, significantly… Read More
BREAKING: Judge orders Donald Trump to pay $364,000,000 fine
A New York judge ruled Friday against Donald Trump, imposing a $364 million penalty over what the judge said was a yearslong scheme to dupe banks and others with financial statements that inflated the former president’s wealth. Judge Arthur Engoron issued his decision after a two-and-a-half-month trial that saw the… Read More
Taylor Swift gives $100,000 to the family of Kansas City shooting victim
Music industry titan Taylor Swift contributed $100,000 to support the family of Lisa Lopez-Galvan, the woman killed Wednesdya by gunfire at the Kansas City Chiefs’ Super Bowl victory parade. Lopez-Galvan, 43, was the only person killed in Wednesday’s atrocity. However, the event injured more than 20 people, at least half… Read More
Super Bowl Sunday spotlights media consolidation
Super Bowl Sunday used to be the one day for a network to showcase its sports division and launch a new show. That is not the case anymore. With media consolidation, the networks are now sharing the stage with its corporate siblings. That’s been the case this week as Paramount… Read More
Retail sales fall 0.8% in January, more abruptly than expected
Americans pulled back spending sharply in January following the holiday shopping season. Retail sales fell 0.8%, a bigger drop than the 0.1% decline experts predicted. Excluding autos and gas, sales slid 0.5%. That’s the lowest such figure since March 2022. Top Doctor Reveals Common Sex Mistake Could Be KILLING Seniors… Read More
Two nations announce recession this week
The United Kingdom has entered an economic recession after its economy shrank for two consecutive quarters. The U.K.’s economy contracted 0.3% in the final three months of 2022. That’s a contraction rate of 1.2 percent per year. The drop exceeded expert forecasts of a 0.1% drop, and it marked the… Read More
Lyft shares rocket 62% over a typo in the company’s earnings release
Lyft shares jumped 62% after the closing bell Tuesday thanks in part to a typo in the ride-hailing company’s earnings release that appears to have sent investors’ auto-trading algorithms — or “bots” — into a buying frenzy. Lyft’s fourth-quarter report initially forecast that an important profit metric was expected to… Read More
Coca-Cola rebounds after price increases suppressed demand
Coca-Cola reported higher-than-expected revenue in the fourth quarter as growth in Mexico, Germany and other markets offset lower demand in the U.S. Revenue rose 7% to $10.8 billion for the October-December period, the Atlanta beverage giant said Tuesday. That topped Wall Street’s forecast of $10.7 billion, according to analysts polled… Read More
Travis Kelce goes to Hollywood as he gets first producer credit on a movie
Travis Kelce is already making moves in Hollywood. The Super Bowl champ has his first executive producer credit on a new film that will have its world premiere in March at the South by Southwest Film Festival in Austin, Texas. “My Dead Friend Zoe” is described as a darkly comedic… Read More
Super Bowl sees late surge in mobile bets as fans make last-minute wagers
Sports betting on this year’s Super Bowl spiked to massive levels online, especially within minutes of kickoff. Many gamblers waited to place real-time wagers on the championship matchup. Data firm GeoComply, which verifies user locations, logged over 122 million verification checks over the weekend. That exceeded 2022 by more than… Read More
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