Starbucks Shares Plunge After Sales, Earnings Miss
Speeding up service and introducing new beverages are part of efforts to win back customers, executives say. Source link
Month: April 2024
Amazon Sales Surge as Company Trains Focus on Artificial Intelligence
The company reported record first-quarter sales as the AI boom powered growth in its cloud-computing unit, helping Amazon continue to shake off last year’s postpandemic slump. Source link
Former Binance CEO sentenced to four months in US prison for money laundering violations
A court in Seattle has sentenced Changpeng Zhao, the founder and former CEO of the crypto exchange Binance, for violating US money laundering laws.The billionaire told the court that he had failed and that he was sorry. The sentencing comes after the defendant pleaded guilty last November and paid 50 million dollars in fines. Plus, Zimbabweans lined … Read more
PG&E Nears Deal With KKR for Stake in Power Business Spinoff
The California utility is seeking regulatory approval to sell KKR part of a new company that would house most of its power generation business. Source link
Aviva’s David Martin on the art of the possible
After making a “substantive step change”, Aviva knows there is more to do, and will be meeting with brokers at the British Insurance Brokers’ Association’s conference to work together on what comes next, according to managing director of UKGI distribution & SME David Martin. Speaking ahead of the event in Manchester next month, Martin, pictured, … Read more