The trust funds the Social Security Administration relies on to pay benefits are now projected to run out in 2035, one year later than previously projected, according to the annual trustees’ report released on Monday. At the …
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Business
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Business
Former Starbucks CEO says company needs to revamp its stores after big earnings miss
by adminFormer Starbucks CEO Howard Schultz weighed in Sunday on the coffee chain’s dismal latest quarterly report, saying he believes the company will recover if it improves its U.S. stores. Schultz, who no longer has a formal role …
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Arcade chain Dave and Buster’s plan to allow customer betting isn’t winning over everyone. Software company Lucra Sports announced on Tuesday that it was working with the entertainment chain to allow customers to place wagers on their arcade …
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Business
On the sidelines of a pricier Kentucky Derby, the race is on for small-dollar spending
by adminThe Kentucky Derby, long known as “the most exciting two minutes in sports,” may be on its way to becoming some of the most expensive two minutes in sports. Ticket prices for the iconic horse …
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Business
And they’re off! On the sidelines of a pricier Derby, a race for small-dollar spending
by adminThe Kentucky Derby, long known as “the most exciting two minutes in sports,” may be on its way to becoming some of the most expensive two minutes in sports. Ticket prices for the iconic horse …
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Business
Trump Media auditor charged by SEC with ‘massive fraud,’ barred from public company audits
by adminThe auditing firm for Trump Media and the auditor’s owner were charged Friday with “massive fraud” by the Securities and Exchange Commission for work that affected more than 1,500 SEC filings, the federal regulator announced. The auditor, …
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Business
Sony and Apollo send letter expressing interest in $26B Paramount buyout as company considers Skydance bid
by adminSony Pictures and private equity firm Apollo Global Management have sent a letter to the Paramount Global board expressing interest in acquiring the company for about $26 billion, according to people familiar with the matter. The expression …
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Business
Skydance bid for Paramount hinges on Shari Redstone as special committee ends exclusive talks
by adminSkydance Media is prepared to walk away from its offer for Paramount Global unless it receives a firm commitment from controlling shareholder Shari Redstone, following the latest offer from Apollo Global Management and Sony Pictures, according to …
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Business
The U.S. labor market is shifting toward skilled labor as white-collar hiring slows
by adminAmerica’s job market increasingly appears to be splitting into two tracks, economists say, alongside a steady demand for skilled workers and a flagging interest in hiring more ‘knowledge-based’ professionals. The evidence can be found in …
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Business
Johnson & Johnson to pay $6.5 billion to resolve nearly all talc ovarian cancer lawsuits in U.S.
by adminJohnson & Johnson on Wednesday said it plans to pay $6.5 billion over 25 years to settle nearly all of the thousands of lawsuits in the U.S. claiming its talc-based products caused ovarian cancer, pending approval …