Luxury king Bernard Arnault, the founder and CEO of LVMH, has been making waves in the tech world with his recent investments in artificial intelligence (AI) companies. With a net worth of $184 billion, Arnault has been leveraging his tech-focused venture firm and family office, Aglaé Ventures, to make significant AI-related investments over the past
Art
The federal minimum wage has remained at $7.25 per hour for the past 15 years, leaving many workers struggling to make ends meet. Despite this, there are still 20 states where the minimum wage is no higher than the federal level. This stagnant federal minimum wage has prompted calls for change, with the aim of
Inflation in the United States continued to decline in July, with price pressures easing on consumer staples like food and energy, as well as physical goods such as new and used cars. The consumer price index (CPI), a crucial metric for measuring inflation, increased by 2.9% in July compared to the same month a year
Starbucks, a global coffee giant, has been facing operational challenges that are impacting its sales and customer experience. With the incoming CEO Brian Niccol taking over, the focus on addressing these issues is crucial for the turnaround of the company. From mobile ordering complexities to long wait times, there are several factors contributing to the
One of the top picks recommended by Wall Street analysts is project management software provider Monday.com (MNDY). The company recently impressed investors with its strong second-quarter results and raised full-year outlook. Notably, the number of paid customers with more than $100,000 in annual recurring revenue (ARR) increased by 49% to 1,009, showing strong demand from
Buffer ETFs have gained popularity among investors as a way to hedge against recent market volatility. These exchange-traded funds offer protection from potential market downside while still providing exposure to the market itself. CEO of Innovator ETFs, Bruce Bond, believes that this strategy is particularly appealing to individuals who are looking to invest in the
Flutter recently announced impressive second-quarter earnings, which led to an 8% increase in share prices. The success was largely attributed to the growth of revenue from the FanDuel platform, especially in states with well-established sports betting and online gaming markets. However, the standout point from the report was the decision by FanDuel not to impose
Byron Allen, the media mogul known for his interest in purchasing various media assets for billions of dollars, has found himself in hot water due to consistent late payments at his broadcast stations. Network owners such as ABC, CBS, and NBC have reportedly been left waiting for payments from Allen Media Group-owned stations, with delays
SpaceX is gearing up to launch its upcoming private mission at the end of the month, marking a significant milestone in the history of space exploration. The Polaris Dawn mission, secured as part of billionaire Jared Isaacman’s broader human spaceflight initiative, is poised to break new ground with the first-ever attempt at a spacewalk outside
The recent development of a temporary injunction blocking media giants Disney, Warner Bros. Discovery, and Fox from launching their sports streaming service, Venu, has brought ample attention to the competitive dynamics within the industry. The lawsuit filed by Fubo TV, an internet TV bundle provider challenging Venu’s anticompetitive nature, led to the halt of the