Ryan Salame, a former top lieutenant of FTX founder Sam Bankman-Fried, has been sentenced to 90 months, or seven and a half years, in prison, followed by three years of supervised release. Salame has also been …
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In George Miller’s new Mad Max film “Furiosa,” a red paint flare explodes and casts the theater screen in a saturated crimson cloud. Feet away, among the rows of gyroscopic 4DX chairs, plumes of fog …
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Lots of people will be getting their sea legs this summer. Ports have been packed with cruise ships over the last few years, as vacationers flock to ever larger vessels and operators race to accommodate …
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Elon Musk’s AI startup xAI raised $6 billion in series B funding, reaching a post-money valuation of $24 billion as investors bet big on challengers to companies like OpenAI in the intensifying AI race. The …
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High inflation is subsiding, but many Americans have yet to see relief from elevated prices at the grocery store. “Grocery prices skyrocketed during the pandemic, and in many cases, they’ve kept going up, even though the pandemic …
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Business
Will schools finally pay student-athletes? What a historic settlement means for the NCAA and players
by adminCould college athletes really start getting paid directly by their schools, ending decades of acrimony over the issue? The NCAA, along with the five largest college athletic conferences, announced Thursday an agreement to settle three …
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It wasn’t the endless shrimp that doomed Red Lobster. How private equity pinched the seafood chain.
by adminAngry that your favorite Red Lobster closed down? Wall Street wizardry had a lot to do with it. Red Lobster was America’s largest casual dining operation, serving 64 million customers a year in almost 600 …
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Business
Oil prices hit three-month lows, head for weekly loss as summer driving season kicks off
by adminCrude oil futures fell to three-month lows on Friday and are heading to a weekly loss as the summer driving season gets underway with the Memorial Day holiday. U.S. crude oil hit an intraday low …
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DETROIT — The United Auto Workers union is challenging the results of last week’s organizing vote of Mercedes-Benz workers in Alabama, in which workers voted against union representation, and is asking federal officials to order a new election. Among …
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Business
Nvidia CEO Jensen Huang’s net worth swells from $3 billion to $90 billion in five years
by adminFive years ago, Nvidia CEO Jensen Huang owned a stake in his chipmaker worth roughly $3 billion. After Thursday’s rally, which pushed the stock to a record, his holdings now stand at more than $90 billion. Nvidia …