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2024 July


Rampant infighting among top brass reportedly plagues $250M LA women’s soccer team eyed by Disney’s Bob Iger, wife Willow Bay

Rampant infighting among top brass reportedly plagues $250M LA women’s soccer team eyed by Disney’s Bob Iger, wife Willow Bay

The couple, which have reportedly agreed to pay $50 million for a majority stake in Angel City FC, will inherit a team that has been beset by rampant infighting among its founders and board members that include allegations of racial microaggressions and nepotism, according to The Wall Street Journal.


Companies going bankrupt at the fastest pace since 2020 in ‘historic surge’

Companies going bankrupt at the fastest pace since 2020 in ‘historic surge’

“The economy has weathered the Fed’s higher-for-longer strategy admirably well, but there is a mounting threat that the ongoing pressure will expose fault lines in the financial system,” Moody’s chief economist Mark Zandi wrote in a recent Washington Post op-ed.


Archegos founder Bill Hwang convicted at criminal trial over $36B fund’s collapse

Archegos founder Bill Hwang convicted at criminal trial over $36B fund’s collapse

Archegos Capital Management founder Sung Kook “Bill” Hwang was convicted by a jury in Manhattan federal court on Wednesday at a criminal trial in which prosecutors accused him of market manipulation ahead of the 2021 collapse of his $36 billion private investment firm.


Samsung launches first-of-a kind smart ring, watch with AI features to help monitor your health

Samsung launches first-of-a kind smart ring, watch with AI features to help monitor your health

Both Samsung’s watch and ring are leaning on AI to do a better job of analyzing biometric data collected from the person wearing the devices to customize assessments of their well-being through an “energy score” that will deliver ratings on a one to 100 scale and also make recommendations like a virtual fitness coach.


Didn’t get the promotion you were vying for? These reasons might be why you were passed up

Didn’t get the promotion you were vying for? These reasons might be why you were passed up

Getting promoted is a proud moment in a person’s career and it’s almost always the result of hard work, dedication to the position and the company, and the ability to stand out among the crowd of employees.


Sam’s Club members threaten to jump to Costco after wholesale giant chops key perk

Sam’s Club members threaten to jump to Costco after wholesale giant chops key perk

For those who do not add $50 worth of qualifying items to their digital cart, there is an $8 flat rate fee; however, Sam’s Club says, “Some category exclusions apply whereby variable shipping will be charged.”


Netflix, Disney ask Canada court to stop proposed tax on streaming revenue: report

Netflix, Disney ask Canada court to stop proposed tax on streaming revenue: report

The Motion Picture Association-Canada, which represents the streamers, said last month’s order by the Canadian Radio-television and Telecommunications Commission, “exceeds the broadcast regulator’s authority and fails to recognize the billions of dollars the companies spend in Canada each year,” according to a report from Dow Jones.


JPMorgan warns customers they may have to pay for checking accounts

JPMorgan warns customers they may have to pay for checking accounts

Marianne Lake, CEO of consumer and community banking at JPMorgan Chase, pinned blame for potentially the added burden on Washington regulators — who have pushed an $8 cap on credit-card late payment fees and a $3 cap for over-drafting bank accounts.


News Corp’s OpenAI deal puts publisher on ‘cutting edge of digital age,’ CEO Robert Thomson says

News Corp’s OpenAI deal puts publisher on ‘cutting edge of digital age,’ CEO Robert Thomson says

The publishing giant’s deal with OpenAI and its CEO Sam Altman, announced in May, allows the ChatGPT creator to use current and archived content produced by News Corp-owned outlets — which also include The Wall Street Journal, The Sun and The Times of London — to answer user questions and train its AI models.


Elon Musk predicts Bill Gates will be ‘obliterated’ for shorting Tesla stock

Elon Musk predicts Bill Gates will be ‘obliterated’ for shorting Tesla stock

Musk on Tuesday took to his social media platform, X, to respond to a user who invited the mogul to comment on what he would say to so-called “Tesla bears” — a group of Wall Street investors who have long believed that the EV maker’s stock has been overvalued.


CBS sued for $5M by Emmy-winning anchor over diversity policy: ‘Too many white males’

CBS sued for $5M by Emmy-winning anchor over diversity policy: ‘Too many white males’

“McMahon was publicly recognized for her work ‘to make the station group more diverse, on both sides of the camera and in leadership positions,'” the suit said, adding that the exec — who now holds the role of CBS News CEO, replaced him with Chauncy Glover, a 37-year-old African-American anchor out of ABC’s Houston bureau.


Saks Fifth Avenue, Neiman Marcus to merge in $2.65B blockbuster deal — Amazon to acquire stake

Saks Fifth Avenue, Neiman Marcus to merge in $2.65B blockbuster deal — Amazon to acquire stake

In a surprise twist, Seattle-based Amazon — the e-tailing giant headed by billionaire Jeff Bezos — will become not only a minority investor in the new company — to be called Saks Global — but also will provide “technology and logistics services” to the merged operation, sources told The Post.