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Netflix Plans To Launch Cheaper Subscriptions With Ads, Shares Dip Even Further
Nearly $50 billion was wiped out from the company's market capitalization after its stock dropped by more than 35%. Nearly $50 billion was wiped out from the company's market capitalization after its stock dropped by more than 35%. -
LVMH Q1 Earnings Beat Expectations Despite China Lockdowns, Inflation, And Ukraine Crisis
LVMH warns that the ongoing lockdowns in China may impact demand for luxury products in the coming quarters. LVMH warns that the ongoing lockdowns in China may impact demand for luxury products in the coming quarters. -
PG&E Agrees To Pay $55 Million To Settle Wildfire Cases
PG&E was accused of being responsible for several major wildfires, including last year's Dixie fire, the second-largest wildfire in Californian history. PG&E was accused of being responsible for several major wildfires, including last year's Dixie fire, the second-largest wildfire in Californian history. -
Tesla EV Exports In China Plummets Amid COVID-19 Lockdowns
Tesla only exported 60 vehicles outside of China last month due to the ongoing movement restrictions in the country. Tesla only exported 60 vehicles outside of China last month due to the ongoing movement restrictions in the country. -
Cash App Data Breach Affects More Than 8 Million U.S. Customers
Cash App says the breach only affects U.S. users who use its Investing service, which numbers around 8.2 million customers. Cash App says the breach only affects U.S. users who use its Investing service, which numbers around 8.2 million customers. -
JetBlue Makes $3.6 Billion Unsolicited Offer To Acquire Frontier Airlines
JetBlue's offer represents a 33% premium over the initial offer made by Frontier to acquire Spirit. JetBlue's offer represents a 33% premium over the initial offer made by Frontier to acquire Spirit. -
Returning Starbucks CEO Howard Schultz Halts Share Buyback
Howard Schultz's first act as interim CEO was to suspend the company's planned $20 billion share buyback program. Howard Schultz's first act as interim CEO was to suspend the company's planned $20 billion share buyback program. -
Nestle Suspending Shipments Of All Non-Essential Goods In Russia
Nestle said it will continue to ship essential products such as baby food to and from Russia. Nestle said it will continue to ship essential products such as baby food to and from Russia. -
Authentication Company Okta Confirms Hacking Incident
Okta confirmed that a hacking group had gained access to a laptop owned by one of its support engineers for five days back in January. Okta confirmed that a hacking group had gained access to a laptop owned by one of its support engineers for five days back in January. -
Kohl's Confirms Receiving Multiple Acquisition Proposals
Bidders for Kohl's include Saks Fifth Avenue's parent company HBC, and private equity firms Sycamore Partners and Leonard Green Partners. Bidders for Kohl's include Saks Fifth Avenue's parent company HBC, and private equity firms Sycamore Partners and Leonard Green Partners.