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DoorDash, Uber Eats, Grubhub Sue New York City Over Wage Law
The companies say new minimum pay rates are based on flawed calculus and will raise consumer prices and limit worker flexibility. Source link
This Year's Most Buoyant Sector Was a Win for Value Investors
Cruise lines were the top performer of the second quarter and among the top U.S. stocks for the year. Their secret was low expectations. Source
Meta Threads the Right Needle to Poke Twitter
Unlike previous, clunky attempts to create a new Twitter, Mark Zuckerberg’s Threads will effectively be a new extension of a huge social network family. Source
Meta's Threads App Sees Early Success, Drawing Advertiser Interest and Twitter's Ire
In less than 24 hours, the app has signed up more than 30 million users, surged to the top of download charts and become a
Embracing Technology in the Future Boardroom
Technology is transforming how businesses operate and communicate. Businesses of all shapes and sizes are constantly assessing how new technologies might expedite and enhance ways
FIS to Sell Majority Stake in Worldpay for $11.7 Billion
Private-equity firm GTCR will hold a 55% stake following the deal that values the payment processor at $18.5 billion. Source link
The AI Boom Isn't Breaking the Memory-Chip Slump—Yet
Samsung Electronics forecast a 96% drop in its operating profit for its second quarter—a sign that even the world’s largest maker of memory chips isn’t
Netflix Gains 1.75 Million Subscribers, Axes DVD-Rental Business
The streaming service ended the first quarter with 232.5 million customers and said a password-sharing crackdown in the U.S. would be coming soon. Source link