Cash Burning Company
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Knicks, Tom Thibodeau burned by late-game execution in worst way as Tyrese Maxey keeps 76ers alive
Maxey's game-tying 3-pointer in Game 5 could have been prevented by foulingCBS Sports - Sports -
Lumen’s stock gains after beat on free cash flow
Lumen’s CEO cited “expected headwinds” in the latest quarter’s results but the company maintained its full-year outlook.MarketWatch - Business -
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Stocks Turn Higher After Powell Comments
Stocks were turning higher following the Federal Reserve’s widely expected decision to keep rates steady.The Wall Street Journal - World -
Federal prosecutors are examining financial transactions at Block, owner of Cash App and Square
Prosecutors are examining financial practices at Block, owner of Cash App and Square. An internal document indicates Block processed transactions for terrorist groups.NBC News - Top stories -
Georgia governor expands cash bail in controversial reform bill
Gov. Brian Kemp signed a bill that would criminalize state bail funds and expand the list of charges that require cash or property bail.ABC News - Top stories -
Menendez Lawyers Cite ‘Traumatic’ History to Explain His Cash Stockpile
Senator Robert Menendez’s attorneys want a psychiatrist to testify at his corruption trial about the impact of his father’s death by suicide. Prosecutors are objecting.The New York Times - Top stories -
Newspapers accuse artificial intelligence companies of stealing content
A newly-filed lawsuit targets two of the biggest generative AI platforms in the world, Open AI, the creators of ChatGPT and Microsoft's Copilot AI program.CBS News - Top stories -
Amazon Sales Surge as Company Focuses on AI
The company reported record first-quarter sales as the AI boom powered growth in its cloud-computing unit, helping Amazon continue to shake off last year’s postpandemic slump.The Wall Street Journal - Business - Amazon -
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Companies Trim Debt, Faced With High Rates
The current high interest rates have pushed up the cost of borrowing for most companies, forcing them to tackle their debts, analysts said.The Wall Street Journal - World -
Companies Trim Debt, Faced With High Rates
The current high interest rates have pushed up the cost of borrowing for most companies, forcing them to tackle their debts, analysts said.The Wall Street Journal - Business -
AMD is the latest company to show that AI is an expensive proposition
Artificial intelligence is expensive for the companies buying AI chips, and it’s expensive for the companies making them, too.MarketWatch - Business -
'It's a good time to lock in,' expert says. What to know to get the best rates on your cash now
Stubborn inflation may lead the Federal Reserve to keep interest rates where they are for longer. That's good news for cash savers, experts say.CNBC - Business -
White Sox trade left-handed reliever Bailey Horn to Red Sox for cash considerations
The White Sox have traded left-handed reliever Bailey Horn to the Red Sox in exchange for cash considerations, the team announced on Tuesday. The Sox acquired Horn in late February from the Cubs in exchange for pitcher Matthew Thompson. Horn has ...Yahoo Sports - Sports - MLB -
Masimo's billionaire CEO put shares on margin to get cash while keeping ownership ahead of proxy fight
Masimo has allowed founder Joe Kiani to pledge more than half his $660 million stake in the company as collateral for personal loans.CNBC - Business -
Georgia governor signs controversial Republican-backed bill requiring cash bail for more offenses
Georgia Gov. Brian Kemp (D) signed a controversial bill requiring cash bail for more offenses that require cash bail Wednesday, according to a press release from his office. Senate Bill 63 (SB 3) adds offenses including racketeering, sex ...The Hill - Politics -
Futureproofing Your Firm: 5 Vital Tactics for Professional Services Companies
Rules for forward-thinking service firms that want to stay relevant in the age of AI.Inc. - Business -
Hunt warns FCA against ‘naming and shaming’ companies being investigated
Rare intervention with regulator by chancellor who says proposal could go against duty to promote growthFinancial Times - Business -
How to save for retirement if your company doesn't offer a 401(k)
Not every employer offers a 401(k) retirement account, but there are suitable alternatives.CNBC - Business -
Amazon Sales Surge as Company Trains Focus on Artificial Intelligence
The company reported record first-quarter sales as the AI boom powered growth in its cloud-computing unit, helping Amazon continue to shake off last year’s post-pandemic slump.The Wall Street Journal - World -
Paramount Global CEO Bob Bakish expected to leave the company
Paramount Global's Chief Executive Bob Bakish is expected to be ousted from the media giant, according to two sources familiar with the matter. The move comes as Paramount considers its future.Los Angeles Times - Entertainment -
American Express CEO explains how the company is attracting younger consumers
American Express CEO Steve Squeri told CNBC's Jim Cramer on Tuesday that Millennial and Gen Z customers made up 60% of new card acquisitions.CNBC - Business -
AP WAS THERE: Mexico's 1938 seizure of the oil sector from US companies
Mexico took control of its most precious natural resource by seizing the oil sector from U.S. companies in a move that’s taught to schoolchildren and celebrated as a great patriotic victoryABC News - World -
Hunt warns FCA against ‘naming and shaming’ companies being investigated
Rare intervention with regulator by chancellor who says proposal could go against duty to promote growthFinancial Times - Business -
Hunt warns FCA against ‘naming and shaming’ companies being investigated
Rare intervention with regulator by chancellor who says proposal could go against duty to promote growthFinancial Times - Business -
Hunt warns FCA against ‘naming and shaming’ companies being investigated
Rare intervention with regulator by chancellor who says proposal could go against duty to promote growthFinancial Times - Business -
Most Companies Lack Tech Needed to Meet Sustainability Reporting Requirements
Almost nine out of 10 tech and sustainability leaders say they need to adopt better technology, according to a Bain & Co. survey.The Wall Street Journal - World -
AMD’s mixed earnings reveal a company with a lot to prove — and the goods to do it
Why 2024 will be a year of sizeable growth for the chip maker.MarketWatch - Business -
UnitedHealth CEO tells lawmakers the company paid hackers a $22 million ransom
Senators questioned UnitedHealth Group CEO Andrew Witty on Wednesday about a cyberattack on its subsidiary Change Healthcare.CNBC - Business -
U.S. Imposes Sanctions on Chinese Companies for Aiding Russia’s War Effort
The penalties came after top Biden administration officials warned China not to help Moscow restock its arsenal to attack Ukraine.The New York Times - Business - Russia -
U.S. Imposes Sanctions on Chinese Companies for Aiding Russia’s War Effort
The penalties came after top Biden administration officials warned China not to help Moscow restock its arsenal to attack Ukraine.The New York Times - Top stories - Russia -
Informatica logs earnings beat, following acquisition flirtation with Salesforce
Informatica beat expectations with its latest quarterly results, but its stock wasn’t reacting.MarketWatch - Business -
Why The Founder of This Fast-Growing Company Takes Off Four Times a Year to Think
Every entrepreneur needs time to really sit down and think; how Allan Njoroge from Actriv Healthcare bakes it into his year.Inc. - Business -
Judge dismisses Meta shareholder lawsuit claiming that directors' obligations extend beyond company
A Delaware judge has dismissed a shareholder lawsuit asserting novel claims about the roles of corporate leaders and arguing that the loyalties of Meta directors and company founder Mark Zuckerberg should not lie exclusively with the social media ...ABC News - Tech -
Mastercard sees healthy spending, expects strong dollar to impact revenue growth
Mastercard Inc. lowered its GAAP revenue outlook for the full year, but not because it has a more cautious view of the spending landscape.MarketWatch - Business -
Cruise operator Viking’s IPO values company at $10.36 billion to mark biggest deal of year
Viking’s stock jumped 9% in initial trades on the New York Stock Exchange on Wednesday.MarketWatch - Business -
CVS shares plummet as health company slashes profit outlook on higher medical costs
CVS and other insurers have seen medical costs spike as many Medicare Advantage patients return to hospitals to undergo procedures they delayed during Covid.CNBC - Business