Industries

Finance

Jefferies Reveals Fund’s $715 Million Exposure to Failed First Brands Amid Relationship Scrutiny

Photo by Kunakorn Rassadornyindee via iStock

When First Brands filed for bankruptcy last month, it listed over $10 billion in liabilities and nearly $6 billion in long-term debt.

2 min read

Photo via Courtesy of Tesla, Inc

Electric Vehicles

Tesla Steers Toward Mass Market … Sort Of

The new Model Y, dubbed the Model Y Standard, essentially fills the void of the expired tax credit with a starting price of $39,990.

2 min read
Photo via Fotoarena/Sipa USA/Newscom

Consumer

Constellation Brands’ Star Dims as Inflation Chokes Consumers’ Beer Budgets

Just 54% of US adults said they consume alcohol in a recent Gallup poll, marking the lowest level in the survey’s roughly 90-year history.

2 min read
Photo via Matthias Balk/dpa/picture-alliance/Newscom

Artificial Intelligence

ChatGPT Chases Retail Revenue with One-Stop Shopping

As AI platforms take the place of search engines, a move into shopping could further upend the established tech order.

2 min read

Consumer

McDonald’s Plans to ‘Do It All for You’ (Again) With Massive Restaurant Expansion

Photo via Vernon Yuen/ZUMAPRESS/Newscom

The company is on a mission to open 10,000 new locations over the next four years, bringing its worldwide total to 50,000.

2 min read

Autos

Carvana Whizzes Through Green Light From Jefferies Upgrade

Photo by jetcityimage via iStock

Car vending machines are all the rage this year, with shares in the firm behind the novel notion, Carvana, soaring this year.

2 min read

Healthcare

Genmab Strikes $8 Billion Deal for Cancer Treatment Maker Merus

Photo via Image courtesy of Genmab, All rights reserved. © 2024 Genmab A/S

BMO analysts said in a note Monday they were “encouraged” that Genmab’s acquisition “could start to spur broader M&A in the sector.”

2 min read

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