Pollster Nate Silver’s data-driven politics and journalism brand FiveThirtyEight will be impacted by Disney’s new wave of layoffs, he wrote on Tuesday. Silver wrote in a tweet, “Disney layoffs have substantially impacted FiveThirtyEight. I am sad and disappointed to a degree that’s kind of hard to express right now.” Silver suggested in a Twitter post…
Elon Musk Suggests Twitter as New Platform for Tucker Carlson After Fox News Departure
Billionaire entrepreneur Elon Musk suggested Twitter could be a platform where Tucker Carlson could prosper after the Fox News primetime host departed the network on Monday. Carlson had been a fixture at Fox News since 2009, and had hosted his own primetime “Tucker Carlson Tonight” show from November 2016 until his final installment last Friday….
Jes Staley Asks Court to Dismiss JPMorgan Lawsuit Linked With Epstein
Former JPMorgan Chase executive Jes Staley has asked a U.S. court to dismiss a lawsuit filed against him by the bank that sought to hold him responsible for liabilities arising from Jeffrey Epstein’s sex-trafficking operations. JPMorgan wants Staley to forfeit eight years of his compensation as well as cover the bank’s losses in two lawsuits…
2nd Bud Light Executive on Leave Amid Trans Beer Boycott Fallout
A second Bud Light executive has “taken a leave of absence” following backlash over the company’s decision to partner with transgender activist Dylan Mulvaney for a campaign, according to reports. Daniel Blake, vice president for mainstream brands at parent company Anheuser-Busch, stepped back from his role just days after Alissa Heinerscheid, who has been vice president of marketing for…
Bud Light Sales Crash Amid Boycott Over Pro-Trans Partnership
Retail sales of Bud Light crashed amid calls for a boycott in the weeks following the brand’s partnership with transgender influencer Dylan Mulvaney, according to a beer industry report. Tracking data on Bud Light sold in places like supermarkets and liquor stores—known as scanner volumes—fell by double digit percentages during the first two weeks of…
SpaceX Wins Approval to Add 5th US Rocket Launch Site
WASHINGTON—The U.S. Space Force said on Monday that Elon Musk’s SpaceX was granted approval to lease a second rocket launch complex at a military base in California, setting the space company up for its fifth launch site in the United States. Under the lease, SpaceX will launch its workhorse Falcon rockets from Space Launch Complex-6…
Global Retailers Seek New Ways to Lure in Shoppers as Spending Slows
April 25, 2023
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BARCELONA—Europe’s cost of living crisis has benefited discount retailers but mid-market names are being squeezed as shoppers watch their spending, executives and analysts at an industry conference said on Tuesday. Luxury is also continuing to perform well, with hopes that China’s reopening will give fresh impetus as a months-long post-pandemic splurge by Americans starts to…
GM Partners With Samsung for a $1 Billion Electric Vehicle Battery Factory
General Motors Co. and Samsung SDI announced plans on Tuesday to build a $3 billion joint-venture electrical vehicle (EV) battery plant in the United States. The news comes as South Korean president Yoon Suk Yeol is in Washington to meet President Joe Biden on what is the first state visit to the United States by…
Nestle Beats Quarterly Sales Estimates With Price Hikes
LONDON—Nestle reported slightly better-than-expected first-quarter sales on Tuesday, as the world’s biggest packaged food company increased prices to offset weak sales volumes. The Swiss company, which makes KitKat chocolate bars, Nescafe coffee, and Maggi stock cubes, said sales rose 5.6 percent to 23.5 billion Swiss francs ($26.48 billion) in the quarter ended March 31, beating…
McDonald’s 1st-Quarter Results Beat on Price Hikes, More Visits
McDonald’s Corp. beat Wall Street expectations for quarterly global comparable sales and profit on Tuesday, boosted by higher menu prices and more customer visits. The burger chain’s shares rose about 1 percent in premarket trading, as comparable sales jumped by 12.6 percent for all of McDonald’s geographical segments. Global comparable sales also climbed 12.6 percent,…
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