How PayPal's CEO Is Planning to Go It Alone and Fix the Payments Giant
A $50 billion buyout is stalled but Enrique Lores could make a $25 million bonus if Wall Street buys into his plans to transform the payments company.
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Kroger Cuts Sales View, Citing Cyclospora and Pressured Shoppers
The grocery-store chain said it now expects annual same-store sales to increase by 0.2% to 0.8%, compared with its previous projection of 1% to 2% growth.
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OpenAI's Fidji Simo to Join Board of Cloud Provider Nscale Ahead of IPO
Former OpenAI executive Fidji Simo has joined the board of directors at Nscale, a startup that has raised billions to build data centers for AI.
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BMO, Sun Life Pledge C$75 Billion Private Capital for Canadian Infrastructure Push
BMO plans to mobilize up to C$70 billion over the next decade for sectors critical to Canadian economic security and resilience. Sun Life launched its own C$5 billion initiative to take direct debt and equity stakes in major national projects.
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At Bending Spoons, the Numbers Are the Real Mind-Bender
The tech roll-up relies on aggressive price hikes and bespoke metrics. Rising interest rates could crimp its growth.
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Ipsen Weighs U.S. Manufacturing Investment
The French drugmaker is considering building a U.S. production site, joining other European companies looking across the pond when planning new investments.
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Orsted Gets Commission Backing in U.K. Tax Case
The commission found two of the Danish wind farm developer's U.K. projects should be primarily taxed in Britain, backing the company's position.
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Kalshi Looks to Expand a Rapidly Growing Universe of Risky Trading
A platform known for prediction markets has seen perpetual futures surge in popularity.
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Real Test for China's 'Four Little GPU Tigers' Has yet to Come
Shares of Shanghai Enflame Technology more than doubled on their trading debut. But the real test for the Chinese company, along with three other so-called "little GPU tigers," has yet to come.
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The Race for the Next Big Weight-Loss Drug Is On-and China Wants In
Long a maker of low-end generic drugs, the country is now home to biotech firms that are innovating fast.
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America's Fast-Food Chains Are Making a Big Pivot-Back to Humans
McDonald's and Burger King are boosting training to improve hospitality. "Our restaurants seem rushed, impersonal, sterile."
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Oracle Posts Higher Profit, Revenue on Continued Cloud Infrastructure Strength
Gains in the cloud business helped offset falling revenue in the company's software unit.
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Adobe Hits 1 Billion Monthly Active Users, Raises Full-Year Outlook
Adobe boosted its outlook for the full fiscal year, projecting adjusted earnings between $24.45 and $24.50 a share and revenue between $26.576 billion and $26.626 billion.
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SpaceX is inching closer to this lofty $100 billion milestone
SpaceX has set an ambitious revenue target and a newly disclosed computing-power deal could get the company a bit nearer to its goal.