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Investing
Spotify slashes staff to move faster into AI – and Wall Street loves it
Spotify made a name for itself in the audio-streaming business through its hyper-personalized user experience, thanks to artificial…
Pressure grows on Harvard President Claudine Gay after Penn’s Liz Magill resignation
Now that Liz Magill has stepped down as president of the University of Pennsylvania, the spotlight has turned to her counterpart from Harvard…
Cigna Adds $10 Billion to Its Stock Buyback
Cigna
announced it had increased its share buyback plan by $10 billion, for a total of $11.3 billion, with $5 billion of the stock to be…
The 4 key events that led to UPenn President Liz Magill’s resignation
When Liz Magill was hired to be the 27th leader of the nearly 300-year-old University of Pennsylvania 20 months ago, she was academic royalty.…
CVS’ drug price revamp may not help consumers much
CVS Pharmacy is promising to make its drug pricing system simpler and more transparent. But that may not translate into lower costs or more…
The Fed’s higher-for-longer strategy on interest rates is slowly crumbling. Welcome to higher-for-long-enough.
Investors are feeling bullish that the Federal Reserve will begin to cut interest rates in the first half of next year, despite Fed Chair…
Troubled retailer Sears quietly reopens two stores. What is behind the comeback?
To the casual shopper, Sears, one of America’s oldest retailers, may appear to be on life support. The department store chain that once…
UPenn President Liz Magill has resigned, but antisemitism remains a problem on college campuses
After facing mounting pressure for months, University of Pennsylvania President Liz Magill announced that she was stepping down on Saturday.…