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Sports store company to close 175 US locations as part of reorganization, cost-cutting strategy
The athletic footwear chain had nearly 1,000 stores when JD Sports completed its acquisition in 2024
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Number of pessimistic Americans preparing for finances to worsen hits four-year peak
Households reporting finances as ‘much worse off’ than a year ago jumped to 13.3%, the highest since July 2022
ChatGPT maker OpenAI files for IPO looking to capitalize on investor appetite for AI boom
OpenAI has been scrambling to polish up its finances and pave a clear path to becoming profitable ahead of its planned IPO.
Ex-JPMorgan banker wants to drop NY ‘sex slave’ lawsuit, move case to federal court with ‘substantial new evidence’
Former JPMorgan big shot Chirayu Rana is pulling the plug on his salacious New York state court case to make way for a “comprehensive” federal lawsuit.
Lewis Hamilton doesn’t think billionaires should exist? That’s pretty rich from an F1 driver boyfriend of Kim Kardashian
“You shouldn’t be able to have billions,” Lewis Hamilton said in a now-resurfaced interview from Jay Shetty’s “On Purpose” podcast.
Powerful House panel blasts NFL’s ‘overstretched,’ 1960s-era antitrust exemption in heated missive
The House Judiciary Committee blasted the NFL for abusing its 1960s-era antitrust exemption – urging it to revamp its media model and make it easier for football fans to watch their favorite teams, according to a scathing new report released…
Fashion tech startup CEO kept job for 3 months after $283M fraud scheme exposed: report
The board of flashy fashion tech startup CaaStle discovered its CEO had defrauded investors out of $283 million – and then allowed her to stay on as the top exec for three months, according to a report.
Apple reveals long-delayed Siri AI makeover — but still fails to excite investors
The AI rollout is considered a major test for incoming CEO John Ternus, with the long-delayed Siri upgrade serving as his most immediate challenge as the company’s new boss.
Inside LA’s first bikini coffee shop — as baristas reveal how many ‘weirdos’ show up
While the vast majority of people are just looking for a caffeine fix and friendly chat, the job does require thick skin.
Sam Bankman-Fried seeks pardon from Trump after bankrolling Democrats and losing $10B fraud case
The disgraced FTX founder, once one of the Democratic Party’s biggest financial backers, has applied for a presidential pardon.
OpenAI is giving ChatGPT its biggest makeover yet — with plans to create a ‘superapp’
OpenAI is giving ChatGPT its biggest makeover yet – aiming to turn the hit chatbot into a “superapp” that features coding tools and AI agents that can perform tasks for users. The overhaul reflects the company’s belief that agents, which…
Meet the ‘Nostradamus of AI’ who built a $20 billion hedge fund before turning 25
Leopold Aschenbrenner, a former OpenAI researcher with no professional investing experience, launched Situational Awareness in 2024.
Escorts are charging as much as $6K per hour thanks to Silicon Valley’s AI boom
There are only a handful of escorts operating in the niche, but some are commanding rates that dwarf those of traditional high-end companions.
Top lawyer to remain at Goldman Sachs as adviser after resigning over Epstein ties
Kathryn Ruemmler, the bank’s outgoing chief legal officer, will remain as an adviser after CEO David Solomon asked her to stay on, FT reports.
Gen Zer quits Goldman Sachs after clash over ‘Investment Baker’ social media side hustle
A Goldman Sachs employee who built a social media following as the “Investment Baker” says repeated scrutiny from the firm’s compliance department helped push her to leave Wall Street last year and pursue baking full…
Microsoft launches incubator for Chinese tech startups — reigniting fears about cozy Beijing ties: ‘Makes no sense’
Local Chinese Communist Party officials stood side-by-side with Microsoft executives when the “Shenzhen Global Expansion Center” was unveiled on May 8th.
Apple expected to unveil new AI features at last developers conference with CEO Tim Cook
Apple is expected to unveil new artificial intelligence features at its annual developers conference beginning Monday, which will be the last one featuring CEO Tim Cook before he turns his post over to John Ternus in September.
Popular space heater sold at Costco for years recalled after causing house fires
The Consumer Product Safety Commission announced Wednesday that more than 255,000 Vornado tower heaters have been recalled.
NASA to wear Prada as luxury group pushes into space industry
The body-hugging suit, created in collaboration with Houston-based space infrastructure developer Axiom Space, features ventilation tubes knitted into the garment.
United Airlines CEO says big merger unlikely after American rebuff, asset buys possible
Kirby said United expects that higher fares will put it on track to recover later this year the full hit it has taken from surging fuel prices, underscoring the carrier’s confidence in demand despite rising ticket prices.
Former Gotham restaurant site in Manhattan has new owner
A group led by Texas-born, Italian cuisine master Stefano Secchi, the chef of Michelin-starred Rezdora and Massara, both in Flatiron, bought the retail condominium at 12 East 12th St. that was home to Gotham Bar and Grill and later, simply Gotham…
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