Sam Bankman-Fried will learn his sentence Thursday, four months after he was found guilty of orchestrating the multibillion-dollar fraud that prompted the collapse of the FTX cryptocurrency exchange. A federal jury in New York City …
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Seven of the nation’s largest gaming companies are joining forces to create a trade group to promote responsible gaming, and for the first time ever, will share information about problem gamblers. The seven operators — FanDuel, DraftKings, BetMGM, Penn …
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Amazon spends $2.75 billion on AI startup Anthropic in its largest venture investment yet
by adminAmazon is making its largest outside investment in its three-decade history as it looks to gain an edge in the artificial intelligence race. The tech giant said it will spend another $2.75 billion backing Anthropic, a San Francisco-based startup …
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Visa and MasterCard settle long-running antitrust suit over swipe fees with merchants
by adminVisa and MasterCard announced a settlement with U.S. merchants related to swipe fees, a development that could save consumers tens of billions of dollars. Swipe fees are paid to Visa, Mastercard and other credit card …
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Donald Trump on Tuesday started promoting a line of pricey Bibles in a partnership with country music star Lee Greenwood, whose song “God Bless the U.S.A.” is omnipresent at the former president’s political rallies. “All Americans …
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Chick-fil-A says it will no longer adhere to its pledge of serving antibiotic-free chicken. In a statement released Monday, the fast-food company said that starting this spring it would serve chicken that was free only …
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Business
Home price growth is back at pre-pandemic levels. Here’s what that means for buyers and sellers.
by adminThe rate at which home prices grow is slowing down. U.S. home prices increased 0.6% from a month before in February, in line with the 0.6% average monthly gain in the roughly eight years leading up to the Covid-19 …
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Former Disney CEO Bob Chapek breaks silence, says there’s no strategic need for ESPN partners
by adminIn his first public comments since Disney fired him as CEO in November 2022, Bob Chapek told CNBC he sees no reason for Disney-owned ESPN to add minority partners. “Strategically, I don’t really see a benefit in …
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Business
Customers from the East Coast to the Midwest could see costly impact from Baltimore bridge collapse
by adminCustomers from the East Coast to the Midwest who were expecting goods shipped in via the Port of Baltimore could see significant cost increases as a result of Tuesday’s collapse of the Francis Scott Key …
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WeightWatchers CEO apologizes to body positivity influencer after Oprah special on weight loss drugs
by adminThe CEO of WW, the weight loss company also known as WeightWatchers, apologized to a body positivity advocate for the company’s role in contributing to ‘toxic’ diet culture in the past. On Wednesday, WW CEO …