Starbucks shares sink 12% after chain said it will underperform in 2024
Starbucks shares plunged 15% in early trading Wednesday after the Seattle-based java giant reported weaker-than-expected quarterly earnings and warned that its cafes will continue to...
Elon Musk’s move to disband Tesla EV charging team blindsides car industry
Elon Musk’s abrupt decision to lay off employees who ran Tesla’s electric vehicle charging business blindsided automakers gearing up to equip new EVs for customers to...
New restaurants ready to make noise in Hamptons, locals try to silence Zero Bond
New restaurants are ready to swing open their doors in the Hamptons this summer – even as the East End’s notorious noise police look to...
Amazon posts 13% jump in sales, sending shares higher — but fails to deliver dividend
Amazon forecast second-quarter revenue below Wall Street expectations on Tuesday, as it expects tepid spending from cost-conscious businesses on its cloud-computing services. Amazon’s first-quarter sales of...
Ex-Google workers out over Israel protests claim they were illegally fired
A group of ex-Google employees has filed a federal labor complaint alleging they were illegally fired by the tech giant for their involvement in office...
Ex-Binance CEO Changpeng Zhao sentenced to 4 months prison for crypto crimes
Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating US money-laundering laws at the world’s largest cryptocurrency exchange....
Paris restaurants scamming tourists for tips before Olympics
Je ne sais what?! Ahead of hosting the 2024 Summer Olympic Games, Parisian cafes and brasseries have launched a ploy to con unaware tourists —...
Dow tumbles as investors on edge ahead of Fed rate decision
Wall Street’s main indexes fell on Tuesday with caution prevailing ahead of the Federal Reserve’s interest-rate decision and as stronger-than-expected labor costs hinted at persistent...
Employee pay rose more than expected in sign of lasting inflation
US employee pay jumped more than expected in the first three months of this year — yet another sign that inflation could stay higher for...
Jeff Zucker’s RedBird dumping Telegraph newspaper after UK probe
Abu Dhabi-backed RedBird IMI on Tuesday said it would sell the Telegraph after it scrapped its acquisition of the right-leaning newspaper group because government intervention...