Stellantis to indefinitely idle Jeep plant, lay off workers to cut costs for EVs

In this article STLA Follow your favorite stocksCREATE FREE ACCOUNT 2016 Jeep Cherokee Sport Source: Jeep DETROIT – Stellantis said Friday that it plans to indefinitely idle a Jeep plant in Illinois, starting early next year, to cut costs as it invests in electric vehicles. The transatlantic automaker, formerly known as Fiat Chrysler, said the…

Brad Pitt sells 60% of his Plan B production company to French media conglomerate Mediawan, sources say

The 92nd Oscars broadcasts live on Sunday, Feb. 9, 2020 at the Dolby Theatre at Hollywood & Highland Center® in Hollywood and will be televised live on The ABC Television Network at 8:00 p.m. EST/5:00 p.m. PST. Craig Sjodin Brad Pitt is selling 60% of his production company, Plan B Entertainment, to French media conglomerate…

Walmart-backed fintech startup plans to launch its own buy now, pay later loans

In this article WMT Follow your favorite stocksCREATE FREE ACCOUNT The Walmart website is displayed on a laptop in the background with a hand holding a bank card. Rafael Henrique | Lightrocket | Getty Images A Walmart-backed startup is looking to compete with buy now, pay later companies. The venture, called One, is gearing up…

House panel slams NFL, Washington Commanders over misconduct probe

Washington owner Daniel Snyder on the sidelines before a game against the Chicago Bears at FedEx Field in 2019. Jonathan Newton | The Washington Post | Getty Images The NFL and the Washington Commanders misled the public about an investigation into decades-long misconduct in the team’s workplace, according to a report from the House Oversight…

Hasbro defends Magic: The Gathering strategy, says ‘there is no evidence’ cards are overprinted

In this article HAS Follow your favorite stocksCREATE FREE ACCOUNT A Magic: The Gathering card is displayed on a mobile phone during a weekly tournament at the Uncommons hobby shop in New York, U.S., on Thursday, June 27, 2019. Photographer: Mark Abramson/Bloomberg via Getty Images Mark Abramson | Bloomberg | Getty Images Hasbro is defending…

Lululemon shares fall after company offers weak holiday quarter guidance

People line up to enter a store during Black Friday shopping at Fashion Outlets of Chicago in Rosemont of Greater Chicago Area, Illinois, the United States, on Nov. 26, 2021. Joel Lerner | Xinhua News Agency | Getty Images Lululemon on Thursday reported sales and profit that topped estimates, but the company offered softer guidance…

Carvana shares tank as bankruptcy concerns grow for used car retailer

In this article CVNA Follow your favorite stocksCREATE FREE ACCOUNT Shares of Carvana plummeted by more than 40% during trading Wednesday after the embattled online used car retailer’s largest creditors signed a deal binding them to act together in negotiations with the company. The pact, as first reported by Bloomberg, includes creditors such as Apollo…

Federal judge dismisses crypto scam lawsuit against Kim Kardashian, Floyd Mayweather Jr.

Kim Kardashian attends the CFDA Fashion Awards in Manhattan, New York City, November 7, 2022. Andrew Kelly | Reuters A federal judge on Wednesday dismissed a proposed class action lawsuit by investors against the founders of the cryptocurrency EthereumMax, as well as celebrity endorsers including Kim Kardashian and boxer Floyd Mayweather Jr. over their promotion…

David Zaslav’s top priority at Warner Bros. Discovery: Get the cash flowing again

In this article WBD Follow your favorite stocksCREATE FREE ACCOUNT David Zaslav Olivia Michael | CNBC A few months ago, after a lengthy and sobering review of Warner Bros. Discovery‘s business, Chief Executive David Zaslav gave his division heads a cutthroat mission. Pretend your units are family businesses, Zaslav said. Start from scratch and prioritize…

Lawmakers tell Live Nation CEO they want answers on the Taylor Swift Ticketmaster fiasco

In this article LYV Follow your favorite stocksCREATE FREE ACCOUNT Taylor Swift accepts an award onstage during the MTV Europe Music Awards 2022 held at PSD Bank Dome on November 13, 2022 in Duesseldorf, Germany. Jeff Kravitz | Filmmagic | Getty Images Lawmakers have some questions for Live Nation’s CEO after Ticketmaster bungled the recent…

Here’s what America’s top CEOs are saying about a possible recession in 2023

In this article UNP UAL GM WMT JPM Follow your favorite stocksCREATE FREE ACCOUNT General Motors CEO Mary Barra speaks during a visit of the US president to the General Motors Factory ZERO electric vehicle assembly plant in Detroit, Michigan on November 17, 2021. Mandel Ngan | AFP | Getty Images As 2023 approaches and…

Netflix co-CEO Sarandos says streamer likely to offer multiple ad-supported tiers

In this article NFLX Follow your favorite stocksCREATE FREE ACCOUNT Ted Sarandos attends the 94th Oscars at the Dolby Theatre in Hollywood, California on March 27, 2022. Angela Weiss | AFP | Getty Images Netflix is likely to offer multiple subscription plans with ads in the future, the company’s co-Chief Executive Ted Sarandos said on…