Business

UPS CFO on Amazon pullback and driving a growth strategy

Good morning. UPS continues to lean into a strategy positioning it for long-term growth—one that required shrinking its decades-long partnership with Amazon. The package-delivery...

Meet the billionaires spending over six figures to stop Zohran Mamdani from becoming New York’s next mayor, from Michael Bloomberg to Bill Ackman

Part of Zohran Mamdani’s campaign centers around the belief that billionaires shouldn’t exist. Now, those ultra-wealthy earners are aiming to stop the mayoral...

OpenAI, valued at $500bn, reportedly working on generative AI music tool

OpenAI, the $500 billion-valued company behind ChatGPT and the Sora AI video creation tool, is planning to enter the generative AI music space.That’s...

Global stocks rally on US-China trade optimism

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Global markets have rallied on...

The 25th-anniversary story of Accenture’s name, from the professional namer who led the project

It was Tuesday in August when we heard the news: Following years of public acrimony and litigation, arbiter Guillermo Gamba ruled that our...

From YouTube’s $8bn music industry payout to Spotify’s song mashup patent… it’s MBW’s weekly round-up

Welcome to Music Business Worldwide’s Weekly Round-up – where we make sure you caught the five biggest stories to hit our headlines...

Pentagon orders aircraft carrier to Latin America, boosting U.S. military buildup in the region

The U.S. military is sending an aircraft carrier to the waters off South America, the Pentagon announced Friday, in the latest escalation of military...

Kakao founder acquitted of stock manipulation charges in bidding war against HYBE

The billionaire founder of South Korea’s Kakao Corp. has been found not guilty in a criminal trial involving Kakao’s bidding war against HYBE...

Tech stocks look shaky and the market is ‘showing early signs of vulnerability,’ JPMorgan analyst says

Nasdaq 100 futures were flat this morning after the index lost 1% yesterday following Tesla’s Q3 earnings call, which investors did not like....
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