The surge reflects the rapid growth of bitcoin exchange-traded funds, which now have more than $50 billion in assets since their launch in January.
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Restaurants fight back against the FTC crackdown on ‘junk fees’ as diners balk at new charges
The FTC is trying to crack down on “junk fees.” Restaurants are fighting to keep fees and surcharges on their checks.
Continue readingCava earnings beat estimates as restaurant traffic climbs nearly 10%
The Mediterranean restaurant chain Cava said its fiscal second-quarter traffic climbed 9.5%, bucking industry trends.
Continue readingFDA approves updated Pfizer, Moderna Covid vaccines as virus surges; shots to be available within days
The Covid jabs target a strain called KP.2, a descendant of the highly contagious omicron subvariant JN.1 that began circulating widely in the U.S. this […]
Continue readingPeloton shares soar 35% as turnaround plan takes hold, losses shrink
Peloton has been working to generate free cash flow and return to profitability, and has made cuts to sales and marketing budgets to improve its […]
Continue readingWhy Ford believes its $1.9 billion shift in EV strategy is the right choice for the company, investors
The shifts in the automaker’s electric vehicle strategy will cost the Detroit automaker up to $1.9 billion in expenses and write-downs.
Continue readingDelta chief operations officer departing for another company after just over a year on the job
Delta’s COO Mike Spanos, a company outsider, was hired in May 2023.
Continue readingClassic car sales stall in Monterey auctions as new generation takes charge
The average sale price was $476,965, down slightly from last year’s average of $477,866.
Continue readingBoeing Starliner returning empty as NASA turns to SpaceX to bring astronauts back from ISS
Boeing will return its capsule from the International Space Station without the NASA astronauts that Starliner delivered to orbit.
Continue readingBronfman’s Paramount bid could keep Shari Redstone involved at the company
Edgar Bronfman Jr. is open to having Shari Redstone remain involved at Paramount if the special committee accepts his consortium’s bid for a controlling stake.
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