FanDuel adds 50-cent surcharge on Illinois bets to offset taxes
FanDuel is upping the ante in Illinois with a new 50-cent surcharge on all wagers, and DraftKings may be next. Flutter-owned FanDuel is introducing the charge to mitigate the impact of new taxes that the state instituted with its new budget, which disproportionately affect the two leading sportsbooks. The new tax is applied to each […]
U.S., China agree on ‘framework’ to implement trade deal after two days of talks in London
After months of rising tensions, U.S. and Chinese negotiators have agreed on a “framework” to implement agreements that have been reached on trade, officials said late Tuesday.
In China, fears grow of an EV financial crisis amid pricing war
At a used car market in Beijing, salesman Ma Hui said he fears China’s electric vehicle industry is in a race to the bottom. EV makers, led by the country’s market leader BYD, have been engaged in a bruising price war, depressing profits for the brands, as well as sellers such as Ma. “All of […]
A local restaurant has a 5% container charge and 3% kitchen-service fee. Is this as nuts as it sounds?
“Please don’t tell me to ‘eat at home if you can’t afford to tip’ because it’s not about whether I can afford it or not.”
Starbucks to roll out Microsoft Azure OpenAI assistant for baristas
A Starbucks store is shown in Encinitas, California, on Feb. 24, 2025. Mike Blake | Reuters Starbucks plans to roll out a generative artificial intelligence assistant created with Microsoft Azure’s OpenAI platform to 35 locations this month as part of its strategy to simplify baristas’ jobs and speed up service in its cafes. The coffee […]
RFK Jr. firing of CDC vaccine advisors effects on public health
U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy, Jr. leaves the stage after discussing the findings of the Centers for Disease Control and Prevention’s (CDC) latest Autism and Developmental Disabilities Monitoring (ADDM) Network survey, at the Department of Health and Human Services in Washington, D.C., U.S., April 16, 2025. Elizabeth Frantz | Reuters […]
Folgers coffee, Jif peanut butter parent aims to absorb some tariff costs for shoppers
Smucker wants to keep prices as low as possible as its revenue outlook more closely matches Wall Street analyst estimates than its profit view.
Paramount to cut 3% of U.S. workforce as it deepens cost-cutting
The Paramount Studios in Los Angeles on April 29, 2024. Eric Thayer | Bloomberg | Getty Images Paramount Global is cutting its U.S.-based staff by 3.5%, or several hundred employees, in the latest round of layoffs at the media company as it contends with the decline of the traditional pay-TV bundle and macroeconomic headwinds. The […]
Fund manager who sold Tesla, just in time, says investors are overlooking these tech bargains
The Future Funds’ Gary Black is waiting for Tesla to get a lot cheaper, and filling his funds with big tech bargains.
Disney to pay Comcast $438.7M for control of Hulu, ending valuation process
Signage is seen at the 2019 Deadline Contenders Hulu Reception at Paramount Theater on the Paramount Studios lot on April 07, 2019 in Hollywood, California. Rachel Murray | Getty Images Disney has agreed to pay Comcast $438.7 million for its stake in the streaming service Hulu, concluding a years-long appraisal process. In 2023 Disney announced […]
