In a surprising turn of events, Major League Eating has decided to part ways with the 16-time champion Joey “Jaws” Chestnut ahead of this year’s Nathan’s Famous Fourth of July hot dog eating contest. This decision came after Chestnut made the choice to represent a rival brand that sells plant-based hot dogs, rather than continue
Business
In a shocking turn of events, National Amusements has decided to cease talks with Skydance regarding a proposed merger with Paramount Global. CNBC’s David Faber was the first to report this development on Tuesday. This decision comes after National Amusements, owned by Shari Redstone, who is the controlling shareholder of Paramount, had previously agreed to
The recent investigation into United Auto Workers President Shawn Fain by a federal court-appointed watchdog has raised serious concerns about potential corruption within the union. The monitor, Neil Barofsky, has accused Fain and other union leaders of obstructing the investigation and interfering with access to information. These allegations come as the union is engaged in
The Covid-19 pandemic has revealed both vulnerabilities and resilience in the American economy. One area that has been significantly impacted is child care, as day cares closed, schools switched to remote learning, and parents struggled to balance work and childcare responsibilities. Despite the return of employment in the child care sector to pre-pandemic levels, there
In a shocking revelation, the court-appointed trustee in the Synapse bankruptcy case uncovered an $85 million shortfall in customer deposits. This discrepancy arose from the mismatch between what partner banks of fintech middleman Synapse were holding and what depositors were owed. The fallout from this financial debacle has plunged the U.S. fintech sector into its
Rivian Automotive has recently announced the redesign of its all-electric R1 pickup and SUV models with a focus on enhancing range, performance, and computing power. The 2025 model-year vehicles may not appear drastically different from their predecessors, but Rivian has made significant improvements under the hood. With more than half of the hardware components overhauled
Walmart recently unveiled new training programs and certifications to address the growing demand for skilled roles within its business, such as HVAC technicians, opticians, and software engineers. The retail giant is committed to upskilling its workforce to retain its position as the nation’s largest private employer and stay ahead of competitors like Amazon. Additionally, Walmart
Warner Bros. Discovery’s streaming service, Max, has recently announced price increases for its ad-free options. This move comes at a time when various streaming platforms are making their memberships more expensive. With the debut of season two of HBO’s “Game of Thrones” prequel “House of the Dragon” just around the corner, Max is looking to
It was reported by CNBC’s David Faber that Paramount and Skydance have come to terms on a merger deal. This deal is said to be announced in the near future, pending approval. The agreement stems from negotiations between a special committee at Paramount and a buying consortium led by David Ellison’s Skydance, along with backing
The inception of Yotta, a fintech startup founded by Adam Moelis in 2019, aimed to revolutionize the way Americans save money to provide a safety net for life’s uncertainties. However, instead of achieving this goal, Yotta has become a source of agony for thousands of its customers who relied on the platform for essential financial