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Investing

Microsoft CEO Nadella forms new AI group to build and run apps for customers

Microsoft is forming a new group focused on developing AI apps and providing tools for third-party customers, the company announced Monday. The new…
Investing

Comcast and Harris Blitzer to build NBA, NHL stadium in south Philadelphia

Harris Blitzer Sports & Entertainment announced on Monday a joint venture with Comcast Spectacor to build a new arena in South Philadelphia for the…
Investing

SEC charges Robinhood with securities violations; brokerage to pay $45 million penalty

The Securities and Exchange Commission on Monday said two related Robinhood broker-dealers agreed to pay $45 million in combined penalties to settle administrative charges that they violated more…
Investing

Barry’s Bootcamp announces new investment as others exit boutique fitness category

As the boutique fitness sector starts to buckle, Barry’s Bootcamp on Monday announced new investment from Princeton Equity Group. “The reason why…
Investing

Chuck E. Cheese makes a comeback, with trampolines and a subscription program

Four years after exiting bankruptcy, Chuck E. Cheese is making a comeback, thanks to a dramatic makeover to introduce its games and…
Investing

McDonald’s to close three CosMc’s locations — and open two more

McDonald’s will shutter three locations of its drinks-focused spinoff brand, CosMc’s. To test the concept, the fast-food giant opened its first CosMc’s location more than a…
Investing

Microsoft confirms performance-based job cuts across departments

Microsoft is cutting a small percentage of jobs across departments, based on performance, the company confirmed to CNBC on Wednesday. “At Microsoft we…
Investing

Vince McMahon settles with SEC over hush money agreements as civil assault case continues

The Securities and Exchange Commission said Friday that World Wrestling Entertainment co-founder Vince McMahon will pay more than $1.7 million in relation…
Investing

Disney, Fox, Warner Bros. Discovery call off Venu sports streaming service

Disney, Fox and Warner Bros. Discovery have called off plans to launch their sports streaming service, Venu, the companies said in a joint statement Friday. “After…
Investing

Meta announces end of its DEI programs. Read the memo.

Meta on Friday told employees that its plans to end a number of internal programs designed to increase the company’s hiring of diverse…
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