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Business

[Soccer] “Tottenham reports record $691M revenues and says it’s ‘in discussions with prospective investors'”

“Tottenham recorded a 24% increase in total revenues for 2022-23 to reach a record 549.6 million pounds ($691 million) and said it was “in discussions with prospective investors.”… However, operating expenses including first-team costs rose by 21% to 487.9 million… Continue Reading…

Business, Stocks

“Private equity firm Silver Lake to take entertainment company Endeavor private at $27.50 a share”

“Private equity firm Silver Lake announced Tuesday that it’s acquiring entertainment company Endeavor Group Holdings for $27.50 a share. Endeavor’s stock rose more than 2% Tuesday afternoon after a brief halt ahead of the announcement. It was trading just under $26 per share. Silver… Continue Reading…

Business, Stocks

‘Intel shares fall after company reveals $7 billion operating loss in foundry business”

“Intel shares fell 4% at one point in extended trading Tuesday after the company revealed long-awaited financials for its semiconductor manufacturing business, commonly called the foundry business, in an SEC filing. Intel said its foundry business recorded an operating loss of $7 billion… Continue Reading…

Business, Stocks

“Tesla shares fall after deliveries drop 8.5% from a year ago”

“Tesla shares fell on Tuesday after the company reported a drop in vehicle deliveries in the first quarter, the first annual decline since 2020, when the global pandemic disrupted production. Here are the key numbers: Total deliveries Q1 2024: 386,810Total production… Continue Reading…

Business, Economy

“Over 500,000 fast-food workers in California just got a huge raise thanks to a new law—but not everyone is celebrating”

https://finance.yahoo.com/news/over-500-000-fast-food-193615296.html There’s no need to quote the article here. Click the link if you wish to read. More importantly businesses are going to layoff employees. Low wadges are better than no wadges. Communism / socialism does not work. Jobs can… Continue Reading…

Business

“George Soros Fund Buys $400 Million Stake In 227 US Radio Stations Going Into 2024 Election”

“Billionaire hedge fund manager George Soros has been the target of controversy recently after a recent move to become a controlling shareholder in the second-largest owner of radio stations in the U.S. This isn’t the first media brand Soros has… Continue Reading…

Business

“Japan approves additional $3.9 billion in subsidies for chip firm Rapidus to meet semiconductor goals”

“Japan said Tuesday it has approved up to 590 billion yen ($3.89 billion) in additional subsidies for chipmaker Rapidus Corporation, as the country plays catch up with other nations on semiconductor manufacturing. The latest round of support will include up to… Continue Reading…

Business

“Mike Lynch-backed legal tech startup Luminance raises $40 million, capitalizing on AI hype”

“Legal technology firm Luminance has raised $40 million in fresh funding from investors to grow its U.S. footprint, capitalizing on the wave of investor interest surrounding artificial intelligence… Luminance said its annual recurring revenue jumped roughly fivefold in the past… Continue Reading…

Business

“Why stream… [services] are shrinking their content libraries”

“…Looming talks of platform bundles come as major streamers push ad-supported plans, limit password sharing and lean into live sports coverage. The goal of exponential subscriber growth, fueled by pandemic lockdowns, has shifted. Wall Street wants profits…. Last year many… Continue Reading…

Business, Economy

“The wealth of the 1% just hit a record $44 trillion”

“…The wealth of the top 1% hit a record $44.6 trillion at the end of the fourth quarter, as an end-of-year stock rally lifted their portfolios, according to new data from the Federal Reserve. The total net worth of the… Continue Reading…