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Churchill Downs Invests Beyond Kentucky Derby
The Louisville, Ky.-based company, which owns racetracks and casinos, and operates an online gambling business, plans to devote most of its investments over the next five to 10 years to grow its racing machine business and technology, rather than racetracks.
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Don Lemon Sues Elon Musk and X for Canceling Partnership Deal
The billionaire terminated an agreement after a contentious interview with the former CNN anchor.
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BNP Paribas in Exclusive Talks for AXA’s Investment-Management Arm
BNP Paribas entered into exclusive talks to buy the investment-management arm of insurer AXA and reach a long-term partnership for 5.1 billion euros ($5.52 billion), in a deal that would create a European asset-management giant.
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Reinstalled Gildan CEO Chamandy Wants to Make T-Shirts for Less
CEO Glenn Chamandy is focusing on ways to both optimize production by using underused capacity in places such as Latin America and improve product quality of the basic apparel that Gildan is known for.
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Amazon Shares Slide as Spending Surges and Revenue Outlook Disappoints
The company projected weaker-than-expected revenue growth and said it would continue to ratchet up spending to meet anticipated demand for artificial-intelligence services.
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Meta’s advertising growth is proof that hefty AI spending is already paying off
For investors skeptical of Meta’s massive investment in artificial intelligence infrastructure, CEO Mark Zuckerberg is urging them to look at the results.
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Microsoft says OpenAI is now a competitor in AI and search
What once was a strategic, long-term partnership between the world’s biggest software company and an AI startup has morphed into something more complicated.
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Powell says September rate cut ‘on the table’ if inflation data continues to cool
Fed Chair Jerome Powell said Wednesday that central bankers would consider the “totality” of data in determining when to cut.