Signa Insolvency Engulfs Galeria Stores, Halts Frasers Deal
The insolvency of Signa Holding GmbH is starting to cause ripple effects across Rene Benko’s property and retail
2023-11-30 23:46
Cristiano Ronaldo faces $1B class-action lawsuit for promoting for Binance NFTs
Portuguese soccer star Cristiano Ronaldo has been hit with a billion dollar class-action lawsuit over his role in promoting cryptocurrency-related “non-fungible tokens,” or NFTs, issued by the beleaguered cryptocurrency exchange Binance
2023-11-30 23:46
2023 Sports Media Awards Nominees
Nominess for The Big Lead's 2023 Sports Media Awards
2023-11-30 23:25
Elon Musk believes OpenAI may have made ‘dangerous’ discovery
Elon Musk has suggested that OpenAI may have discovered “something dangerous,” leading to chaos at the company. He made the comments after the research organisation recently fired and re-hired its CEO, Sam Altman, under mysterious circumstances. Musk, a co-founder of OpenAI, said that he had attempted to find out what happened behind the scenes, but had failed to do so. The billionaire had reached out to numerous people working at the company, including Ilya Sutskever, a chief scientist and board member, who is believed to have led the rebellion against Mr Altman, but had not heard anything. He has previously criticised the company’s shift toward profit-oriented operations and decision to cease open-sourcing its work. Read More Elon Musk meets Netanyahu for tour of Israeli kibbutz devastated on October 7 Sunak defends Elon Musk interview after MP says ‘world cringed at fawning welcome’ Bears chase cars on mountain road in Romania
2023-11-30 23:24
US Pending Home Sales Index Drops to Lowest Level on Record
A gauge of pending sales of existing US homes fell to its lowest level on record in October,
2023-11-30 23:22
GM believes it will stop losing money on electric vehicles in 2025 as higher margin vehicles arrive
General Motors is losing money on every electric vehicle it sells, but the company says it’s on track to generate mid single-digit pretax profit margins in 2025 as it produces more higher margin EVs, works out kinks in battery manufacturing and sees battery cost reductions
2023-11-30 23:20
European Real Estate Stocks Head for Best Month Since 2009
Another tough year for European property stocks got a whole lot better this month. The Stoxx 600 Real
2023-11-30 23:16
Canada’s Economy Shrank 1.1% With Rates Denting Spending
Canada’s economy unexpectedly contracted in the third quarter and consumption flatlined, confirming the central bank’s aggressive interest rate
2023-11-30 22:53
Pharmaceutical company AbbVie buying ImmunoGen in $10.1 billion deal
Pharmaceutical company AbbVie is buying ImmunoGen in a deal valued at about $10.1 billion that will speed up its entry into the commercial market for ovarian cancer
2023-11-30 22:45
Former UK Treasury chief Alistair Darling, who steered nation through a credit crunch, has died
British ex-Treasury chief Alistair Darling has died at age 70
2023-11-30 22:27
Applications for US jobless benefits rise modestly, but continuing claims are most in 2 years
Slightly more Americans filed for jobless claims last week, but the overall number of people in the U.S. collecting unemployment benefits rose to its highest level in two years
2023-11-30 21:58
Federal Reserve's preferred inflation gauge shows price pressures continuing to cool
The Federal Reserve’s preferred inflation measure cooled last month, the latest sign that price pressures are waning in the face of high interest rates and moderating economic growth
2023-11-30 21:54