Fast-rising digital sports media player Jomboy Media has hired Andrew Patterson as its first CEO. In announcing the hire, the company described the former Major League Baseball official as “a proven executive with a history of navigating the digital sports world.” It added that he is someone “who shares our vision of who we are, as well as what we […]

European stocks are likely to open higher on Thursday after notes from the latest Federal Reserve meeting indicated that higher U.S. interest rates might be needed to get inflation back to the 2 percent target. Asian markets were mostly higher despite signs China may be returning to the kind of strict restrictions seen earlier this year. The U.S. dollar paused […]

Parag Agrawal, Twitter’s chief executive, urged staffers to steer clear of distracting speculation after the company sued Elon Musk in Delaware Chancery Court. “We took this opportunity to tell our story and defend our company, our people, and our stockholders. We plan to hold the buyer fully accountable to fulfill his contractual obligations,” he said in a memo. Twitter filed […]

New York (CNN Business)Food prices are still on the rise, but some relief may be on the horizon. In the 12-months ending in June, overall food prices rose 10.4%, the biggest annual increase since February 1981, according to data released Wednesday by the Bureau of Labor Statistics. Grocery prices jumped 12.2% in the year ending in June, not adjusted for […]

Eurozone: Christine Lagarde outlines ECB plans for first rate hike We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Julian Jessop also suggested the “chickens were coming home to […]

Netflix revealed today that’s it’s teaming up with Microsoft to launch its new advertising-supported subscription plan. “In April we announced that we will introduce a new lower priced ad-supported subscription plan for consumers, in addition to our existing ads-free basic, standard, and premium plans. Today we are pleased to announce that we have selected Microsoft as our global advertising technology […]

European stocks are likely to open higher on Wednesday after Wall Street stocks bounced back from an early slide to end on a mixed note overnight, thanks to a recovery in technology stocks. Asian markets were broadly lower as fears of an economic downturn deepened. Fresh COVID-19 outbreaks in China put millions under lockdown in major tourist cities, adding to […]

IATSE and the International Brotherhood of Teamsters have reaffirmed their longstanding “Mutual Aid and Assistance Pact” in which both unions agree to work together to achieve shared goals and initiatives. The move comes in the wake of new leadership at the Teamsters, which is now headed by President Sean O’Brien. The pact, which outlines how the unions will address organizing […]

New York (CNN Business)Ethiopian Airlines took delivery of a 737 Max from Boeing in June, the aircraft maker disclosed Tuesday. It’s the first time Ethiopian has taken a 737 Max since the March 2019 crash that killed all 157 people on board, and led to a 20-month grounding of the jet. The other airline that suffered a fatal crash involving […]