Business

Jury Rules Live Nation and Ticketmaster Operated as an Illegal Monopoly, Overcharging Fans

A jury found Live Nation and Ticketmaster guilty of antitrust violations, ruling they operated as an illegal monopoly and overcharged fans. The verdict moves to a remedies phase, potentially leading to significant industry changes.

Olivia Rodrigo Drops New Single ‘Drop Dead’ and Makes Surprise Coachella Appearance

Olivia Rodrigo releases her new single 'Drop Dead' and performs it live at Coachella, signaling a new romantic direction for her upcoming album.

Trump Organization Eyes Tbilisi Skyline with Ambitious New Skyscraper Project

The Trump Organization is planning a new luxury skyscraper in Tbilisi, Georgia, featuring a hotel and residences, as part of its international expansion strategy.

Jury Rules Live Nation and Ticketmaster Operated as an Illegal Monopoly, Overcharging Fans

A jury found Live Nation and Ticketmaster guilty of antitrust violations, ruling they operated as an illegal monopoly and overcharged fans. The verdict moves to a remedies phase, potentially leading to significant industry changes.

Judge Halts Nexstar-Tegna Merger Amid Antitrust Fears

Federal judge blocks Nexstar-Tegna merger over antitrust concerns, halting the $6.2 billion deal pending a trial. State AGs and DirecTV celebrated the ruling.

Harley-Davidson Scales Back Diversity, Equity, and Inclusion Efforts Amid Social Media Backlash

Harley-Davidson announced a significant shift in its corporate policy, stating that it is scaling back its diversity, equity, and inclusion (DEI) initiatives. In a...

Shein Sues Rival Temu for Alleged Design Theft and Counterfeiting

Shein, the fast-fashion giant, has filed a lawsuit against its rival, Temu, accusing the company of stealing designs and building its business on counterfeiting,...

Target’s Quarterly Earnings: Wall Street’s Expectations Amid Retail Challenges

Target is preparing to report its quarterly earnings as the retailer attempts to rebound from a prolonged period of declining sales and profits. According...

Petrobras to Partner in Bid for 40% Stake in Galp Energia’s Mopane Oil Prospect in Namibia

Brazilian oil giant Petrobras is seeking at least one partner in its bid to acquire a 40% stake in Galp Energia's Mopane oil prospect...

Character.AI Partners with Google for Non-Exclusive License Agreement

Startup Character.AI has entered into a non-exclusive license agreement with Alphabet's Google, allowing the tech giant to utilize Character.AI's large language model technology. This...

Recession Fears Fuel Bond Rally as Rate Cut Expectations Surge

A sharp reassessment of U.S. interest rate cut expectations is intensifying an already robust bond rally, driven by recent weakening economic data. Investors are...

Weak U.S. Employment Report Spurs Fears of Recession, Prompts Aggressive Fed Rate Cut Predictions

A surprisingly weak U.S. employment report for July has shifted Wall Street's confidence in a soft economic landing to near panic over an impending...

AMC Entertainment Reports Q2 Loss Amidst Lingering Impact of Hollywood Strikes

AMC Entertainment Holdings, the world's largest theater chain, reported a net loss for the second quarter, attributing the downturn to the prolonged impact of...

Colombia Central Bank Revises 2024 Inflation Forecast to 5.7%

Colombia's central bank technical team has adjusted its inflation outlook for the year 2024, revising the forecast to 5.7% from an earlier estimate of...

JPMorgan Considers Legal Action Against CFPB Over Zelle Inquiries

JPMorgan Chase announced on Friday that it is contemplating legal action against the Consumer Financial Protection Bureau (CFPB) due to the agency's ongoing investigations...

Fed’s Goolsbee Advocates for Steady Approach Amid Weak July Jobs Data

Chicago Federal Reserve Bank President Austan Goolsbee emphasized on Friday that the U.S. central bank should proceed cautiously and steadily, countering market expectations for...

Amazon Shares Plummet Over 12% Amid Slowdown in Online Sales Growth

Shares of Amazon.com (AMZN.O) dropped more than 12% on Friday after the company reported a deceleration in online sales growth for the second quarter...

SVB Financial Group Approved to Transfer Assets to Creditors and Conclude Bankruptcy

SVB Financial Group, the former owner of the now-defunct Silicon Valley Bank, received approval from a U.S. judge on Friday to transfer its remaining...

Hedge Funds Increase Bearish Bets Amid Concerns of U.S. Economic Slowdown

Global hedge funds have been increasingly adding bearish equity bets to their portfolios, driven by fresh data suggesting a faster-than-anticipated slowdown in the U.S....

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