Firm Management

Trump’s Florida Golf Resorts Report Increased Revenues While His Other Businesses Struggle

Trump’s Florida Golf Resorts Report Increased Revenues While His Other Businesses Struggle

Donald Trump's Florida golf resorts are now the primary source of revenue for his business empire, bringing in around $80 million annually.


California Passes New Laws Targeting Shoplifting and Organized Theft Rings

California Governor Gavin Newsom has signed 10 new laws to combat organized retail crime, focusing on shoplifting, vehicle theft, and the resale of stolen goods online, with increased penalties for middlemen and stricter regulations for online sellers.

Resorts World Accused of Ignoring Illegal Gambling Activities by Nevada Regulators

The Nevada Gaming Control Board has accused Resorts World Las Vegas of enabling illegal gambling and failing to address violations related to bookmaking and criminal ties.

Walmart Reports 4.8% Revenue Growth, Driven by Rising Consumer Spending

Walmart's Q2 revenue hit $169.34 billion, exceeding expectations, with a 4.8% increase from last year and a 9.8% rise in adjusted earnings per share.


Latest News

Bharti Acquires 24.5% Stake in BT for $4 Billion, Strengthening 5G and AI Collaboration
Bharti, the parent company of Airtel, has become British Telecom (BT)'s largest shareholder by acquiring a 24.5% stake for $4 billion to strengthen 5G and AI collaboration.
Elon Musk’s X Wins Legal Battle Against Nonprofit Ad Group GARM
Elon Musk's X platform wins a lawsuit against the Global Alliance for Responsible Media (GARM), leading to GARM's dissolution as financial expenses and public backlash pile up.
Chinese EV Makers Shift to Singapore as Charging Stations and Government Incentives Grow
Singapore is seeing a surge in Chinese electric vehicle brands like Zeekr and Xpeng as EV adoption ramps up by increasing charging ports and incentives.
Warner Bros Discovery Reports Nearly $10 Billion Loss as TV Assets Value Plummets
Warner Bros Discovery’s shares dropped 12% in premarket trading after announcing a $9.1 billion write-down and a $10 billion net loss, reflecting their ongoing struggles to keep up with other giant media.
New EU DORA Law Requires Banks to Strengthen IT Security and Manage Third-Party Risks by 2025
By January 2025, the EU's Digital Operational Resilience Act (DORA) will enforce stringent IT security standards for banks and their technology suppliers to boost cyber resilience and manage third-party risks.
Apple Intelligence AI Features in iOS 18 and New iPhones Expected to be Priced at $20
Apple may charge up to $20 for its upcoming AI features from "Apple Intelligence," to boost its services revenue and deepen user engagement as the AI sector becomes more expensive.
Rivian Beats Wall Street’s Estimates Despite Losses and Cost-Cutting Focus
Despite ongoing losses of over $1 billion, Rivian Automotive exceeded Wall Street's revenue and earnings estimates for Q2 2024 through cost-cutting measures.
Hyundai and Kia's Anti-Theft Software Upgrade Reduces Vehicle Theft by 64%
Recent Highway Loss Data Institute research shows that Hyundai and Kia's software upgrades have cut vehicle theft rates by 64% since February 2023.
Disney Reports Record Profit, Thanks to Combined Streaming Services
Disney exceeded expectations in Q3 report, achieving its first profit from combined streaming services and reporting earnings per share of $1.39, despite challenges in its parks and experiences segment.
Yum Brands Misses Revenue Target as Pizza Hut and KFC See Lower Sales
Yum Brands fell short of revenue expectations in the second quarter as Pizza Hut and KFC struggled with declining same-store sales, while Taco Bell saw a 5% increase.
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