Budweiser CEO Finally Addresses Scandal
Budweiser CEO Michel Doukeris finally addresses the scandal, telling investors there is “misinformation” spreading on social media about the company’s team-up with Mulvaney. Anheuser-Busch CEO Michel Doukeris addressed the Bud Light controversy on an earnings call with investors Thursday, downplaying the brand’s partnership with transgender influencer Dylan Mulvaney that prompted a boycott from conservatives. Doukeris told investors there is […]
Western Alliance Bank Another One To Go
After shares in Western Alliance had fallen 45% in volatile trading before being halted, Western Alliance Bank has become another one to go, as three U.S. regional banks have failed in the last two months. Western Alliance WAL.N is exploring strategic options including a potential sale of all or part of its business, the Financial Times reported […]
Mysterious Mumbai Company Shipping Large Quantities Of Russian Oil
The Financial Times has reported that a mysterious Mumbai-based company named Gatik Ship Management has been shipping large quantities of Russian oil. A mysterious Mumbai company registered as an exporter only on March 31 this year, has grown into a giant of international oil shipping in the last 18 months, Financial Times has reported. The company, Gatik Ship […]
Why Indian Start-ups Have Accused The Internet And Mobile Association Of India Of Spreading ‘Big Tech Propaganda’
Due to criticism by IAMAI of the recommendations of the Parliamentary Standing Committee on Finance to introduce a new law for tackling Big Tech firms, Indian start-ups have accused the Internet and Mobile Association of India of spreading ‘big tech propaganda.’ There is a widening rift between some Indian start-ups and the industry body Internet […]
New York Slated To Become First State To Ban Natural Gas Stoves
According to the New York Post, New York is slated to become the first state to ban natural gas stoves, and residents are “furious”. Having solved all other problems in New York, including a decrepit, expensive and dangerous subway in the city, astronomical taxes and surging crime, Democratic Gov. Kathy Hochul is now set to make […]
Icahn Sees $3.1 Billion In Wealth Evaporate After Hindenburg Research Report
The Hindenburg Research Report, released yesterday, has resulted in $3.1 billion in wealth evaporating for Carl Icahn. The Bloomberg Billionaires index wiped away $10 billion in wealth from Carl Icahn after yesterday’s Hindenburg Research report, which called into question IEP’s dividend and portfolio marks. The $10 billion plunge wasn’t just attributed to IEP’s fall on Tuesday, but […]
Go First Files For Bankruptcy, Blames US Engine Maker
“Go First” has filed for bankruptcy with the National Company Law Tribunal in Delhi. Billionaire Nusli Wadia is blaming US engine maker Pratt & Whitney for the situation. Go Airlines, founded by billionaire Nusli Wadia, filed for bankruptcy on Tuesday with the low-cost carrier blaming US engine-maker Pratt & Whitney for grounding half of its […]
ChatGPT Claims Its First Financial Victim
Chegg CEO Dan Rosensweig said that in March, they saw a significant spike in student interest in ChatGPT. They now believe it is having an impact on their new customer growth rate, as ChatGPT claims its first financial victim. Chegg shares tumbled after the online education company said ChatGPT is hurting its growth. “In the first […]
Biotech Firm Implanted Brain Chips In 50 People For Ailments
Blackrock Neurotech, a biotech firm headquartered in Salt Lake City, has implanted brain chips in 50 people to treat ailments. These chips enable individuals to control robotic limbs and wheelchairs, play video games, and even sense feelings. While Elon Musk and the people at Neuralink are trying to get FDA approval to test their Neuralink […]
Russia Sees Crypto As ‘Necessary Evil’
Deputy Finance Minister Aleksey Moiseev said that he and the Bank of Russia see crypto as a ‘necessary evil’. Russia’s Finance Ministry has warned about the dangers of investing in cryptocurrencies, although it acknowledged that digital assets could be useful in certain situations. Deputy Finance Minister Aleksey Moiseev described cryptocurrencies as “an evil,” adding that the Bank […]