Category: اخبار الاستثمار و الاقتصاد

Alan G. Hassenfeld, a renowned philanthropist and former CEO of iconic toy company Hasbro Inc., the maker of G.I. Joe and Play-Doh, has died. He was 76, according to the toy company. Hasbro, the nation’s second largest toy company behind Mattel based on annual sales, declined to offer more details. Hassenfeld’s family foundation, Hassenfeld Family Initiatives, wasn’t immediately available to comment. Hassenfeld was born in Providence, Rhode Island and graduated from Deerfield Academy in Massachusetts. He received an undergraduate arts degree from the University of Pennsylvania in 1970. Upon graduation,…

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Timothy Leiweke, co-founder mogul of entertainment venue developer Oak View Group (OVG), is facing a decade in prison following an indictment returned on Wednesday. Leiweke is accused of allegedly conspiring with the CEO of competitor Legends Hospitality to make sure Oak View Group was the only bidder on a project to develop the 15,000-seat, $338 million Moody Center, which hosts the University of Texas’ mens and women’s basketball games and musicians such as Leon Bridges, Willie Nelson, George Strait, and Kali Uchis.  According to the Department of Justice, Leiweke allegedly…

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Apple is falling behind in the AI race, and the only way it can catch up is by buying the AI startup Perplexity, according to a top analyst. Dan Ives of Wedbush Securities said it’s clear Apple is incapable of producing its own AI in-house, despite a company culture that strives to build superior products internally. In recent days, some of Apple’s top AI talent has also been poached by increasingly aggressive AI talent recruiter Meta, Bloomberg reported. Meanwhile, competitors are increasingly outdoing the company. “Apple is at a highway…

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President Donald Trump singled out Brazil for import taxes of 50% on Wednesday for its treatment of its former president, Jair Bolsonaro, showing that personal grudges rather than simple economics are a driving force in the U.S. leader’s use of tariffs. Trump avoided his standard form letter with Brazil, specifically tying his tariffs to the trial of Bolsonaro, who is charged with trying to overturn his 2022 election loss. Trump has described Bolsonaro as a friend and hosted the former Brazilian president at his Mar-a-Lago resort when both were in power…

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Turns out Donald Trump gauges his esteem for presidential predecessors by how well their portraits fit into his White House redecorating scheme. Or sometimes how well the frames around those portraits do. “I’m a frame person,” Trump said Tuesday during a meeting with his Cabinet. “Sometimes I like frames more than I like the pictures.” Trump wrapped up a 90-plus-minute session by explaining how he personally worked to redecorate the Cabinet Room, seeming to take real joy in choosing which portraits were hung. The president also said he helped choose the room’s…

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Traders seem to be unbothered that tariffs’ return to the spotlight could lead to another market crash. As stocks rose, Nvidia became the first company to ever reach a market cap valued at $4 trillion.  Stocks rose on Wednesday after two days of declines. Those downturns proved to be little more than blips in the continuous—albeit choppy—march the stock market has had since its recent nadirs in April. Meanwhile, tech juggernaut Nvidia hit a historic new $4 trillion milestone. The S&P 500 rose 0.6%. The tech-heavy Nasdaq climbed 0.9%. While the…

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A “click-to-cancel” rule, which would have required businesses to make it easy for consumers to cancel unwanted subscriptions and memberships, has been blocked by a federal appeals court just days before it was set to go into effect. The Federal Trade Commission’s proposed changes, adopted in October, required businesses to obtain a customer’s consent before charging for memberships, auto-renewals and programs linked to free trial offers. The FTC said at the time that businesses must also disclose when free trials or other promotional offers will end and let customers cancel recurring subscriptions as…

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Within the resort town of Sun Valley, Idaho, a small group of the world’s richest people are beginning to gather for Allen & Company’s annual Sun Valley Conference. The four-day retreat, known informally as “summer camp for billionaires,” is full of opportunities for powerful figures to schmooze, network, and make deals. Among this year’s cohort are tech tycoons Tim Cook of Apple, Sam Altman of OpenAI, and Andy Jassy of Amazon. Bob Iger and Michael Eisner, the current and former CEOs of Disney, respectively, are also in attendance, as well…

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Elon Musk, the world’s richest person, suffered a dramatic financial setback after announcing the formation of what he said would be a new political organization, the “America Party.” The move, which followed a highly publicized feud with President Donald Trump, sent shockwaves through financial markets and triggered a sharp sell-off in Tesla shares. Key developments Net Worth Drop: Musk’s net worth fell by as much as $15 billion in the days following the announcement of his political party. Market Reaction: Tesla stock dropped nearly 7% on the first trading day after the…

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Linda Yaccarino is stepping down as CEO of X (formerly Twitter) after two years at the helm, marking a significant leadership change at the Elon Musk-owned social platform. Yaccarino announced her resignation on Wednesday in a post on X, expressing pride in the company’s turnaround and gratitude to Musk for entrusting her with the role. She highlighted the platform’s changes, stating, “the historic business turnaround we have accomplished has been nothing short of remarkable.” Musk publicly thanked her for her contributions in a social post. Yaccarino did not specify a reason…

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