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Shares of meatpacking giant Tyson plunged more than 9% — the stock’s worst day since August — after the company said persistent inflation weakened consumer appetites for beef, pork and chicken purchases, biting into profits in the second quarter. At grocery stores, shoppers are prioritizing essential kitchen staples over discretionary categories thanks to persistent inflation
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Apollo Global Management and Sonys bid to buy Paramount Global faces significant hurdles to get the deal past Democratic-led federal regulators amid antitrust concerns, The Post has learned. Paramount which ended exclusive merger talks with Skydance Media last Friday owns the CBS network, its Hollywood studio and 28 local stations including 17 CBS affiliates in markets like
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41.5K Will 2024 be a dumpster fire? Every new year comes with a set of new predictions. Times are always changing, and each year I like to come up with my own set of possible SHTF situations. This year’s list is an adaptation of what I predicted in 2024. Fortunately, they didn’t come to fruition,
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A Jewish JetBlue passenger accused the airline of “blatant antisemitism” after it canceled his flight because he objected to a flight attendant wearing a “Free Palestine” pin during his trip to Las Vegas. Paul Faust, a 54-year-old telecom entrepreneur from Parkland, Fla., had flown on April 28 from South Florida to Sin City, where he
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Former Starbucks CEO Howard Schultz posted a lengthy essay on LinkedIn urging the coffee chain to overhaul its US operations after the company posted disappointing quarterly earnings. Schultz, who left the company’s board last fall after he became the public face of the company’s resistance to its employees’ unionization drives, wrote on Sunday that Starbucks
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A Jewish JetBlue passenger accused the airline of “blatant antisemitism” after it canceled his flight because he objected to a flight attendant wearing a “Free Palestine” pin during his trip to Las Vegas. Paul Faust, a 54-year-old telecom entrepreneur from Parkland, Fla., had flown on April 28 from South Florida to Sin City, where he
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nintendo’s flagship Nintendo Switch has rewritten game console history. Until the Switch’s launch in 2017, the life cycle of a gaming console was typically about five years. Going into the eighth year since its launch,
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel has carried out night air strikes on Rafah and said a ceasefire proposal accepted by Hamas fell “far from Israel’s necessary requirement”, as international mediators and officials struggled to continue talks to halt fighting
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Every year, St James’s Place, which over the last three decades has become one of the UK’s most successful financial services companies, organises a glitzy show for its thousands of investment advisers. Guest speakers have included Bill Clinton, Bob Geldof and David Beckham, while top-performing advisers were paraded onstage to huge cheers from their colleagues at
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Germany’s main opposition party leader has said Berlin and Brussels are partly to blame for Brexit because they were unwilling to offer the UK real concessions before its pivotal EU referendum in 2016. Friedrich Merz, head of the centre-right Christian Democrats, stopped short of naming Angela Merkel but implied the former chancellor could have done
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