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Kanye spirals after new Adidas release

Kanye West took to the internet to slam Adidas for releasing shoes “with his name on it” and the company responded with this letter.

Latest Business

Head of British Rothschild family dies

Lord Jacob Rothschild has passed away at the age of 87, his family announced on Monday

US chipmaker Nvidia hits $2tn value amid artificial intelligence boom

Company blows past Wall Street’s expectations with 265% jump in sales after hailing ‘tipping point’ for AI

Thousands of AT&T Customers Lose Cell Service

Nearly 75,000 customers reported problems texting, making calls on Downdetector.

How Capital One’s $35 Million Discover Merger Could Affect Consumers

Critics are wary of the size of the deal, but some analysts say it could create a stronger challenger to Visa and Mastercard.

Tech Leaders Fled San Francisco During the Pandemic. Now, They’re Coming Back.

Founders and investors who moved to Miami and elsewhere are returning to a boom in artificial intelligence and an abundance of tech talent

Capital One Is Buying Discover Financial

Buying Discover would give Capital One, a credit-card lender with a market value of a little over $52 billion, a network that would vastly increase its power in the payments ecosystem.

Snap to lay off 10% of global workforce, around 500 employees

Snap said it will lay off 10% of its workforce worldwide, around 500 employees, to “promote in-person collaboration.”

Reed Hastings sells $1.1 billion in Netflix shares

Netflix co-founder and executive chairman Reed Hastings has gifted two million shares of the streaming giant, according to a regulatory filing, with a current value of more than $1.1 billion.

23andMe’s Fall From $6 Billion to Nearly $0

From celebrity ‘spit parties’ to a drop in the bucket: The once-hot DNA-testing company is struggling to profit

Elon Musk’s $55.8 Billion Tesla Pay Package Struck Down by Judge

The Delaware judge cited Musk’s “extensive ties” with those determining his most recent pay deal, which shareholders approved in 2018.

Amazon calls off its $1.7 billion purchase of iRobot amid antitrust challenges

The companies abandoned the deal amid rising global challenges to tech mergers

China Evergrande Is Told to Liquidate

The breakup of the company, once China's top property developer by sales, is set to send a further shock wave through the country's struggling real-estate sector.4 min read

Bernard Arnault Overtakes Elon Musk As Richest Person In The World

French billionaire Bernard Arnault—owner of luxury brands like Louis Vuitton and Sephora—is now the richest man in the world.

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