BUSINESS

Nov 06 2024BUSINESS

Netflix Offices Raided by France and Netherlands over Tax Concerns

Imagine this: authorities in France and the Netherlands stormed Netflix's offices in Paris and Amsterdam. Why? They were on a mission to investigate possible tax fraud. This isn't just any probe; it's been going on since 2022, with the two countries working together. Netflix, the streaming giant, ha

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Nov 06 2024BUSINESS

Streaming Battle: Fubo Claims Sports Venture Gives Giants an Unfair Edge

Are some big companies in the streaming world playing fair? That's the question at the heart of a legal battle between Fubo, a smaller streaming service, and media giants Disney, Fox, and Warner Bros. Discovery. At the center of the debate is Venu Sports, a new streaming service backed by these gian

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Nov 06 2024BUSINESS

Minnesota Brewery Seeks Public Help to Keep Brewing

Imagine this: a brewery in Minnesota is turning to its community for help. Trove Brewing, started just last year by Jeffrey and Angie Crane in Burnsville, is facing some tough times. They've launched a crowdfunding campaign, hoping to raise $75, 000 to keep their dream alive. So, why the need for do

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Nov 06 2024BUSINESS

La Grange: A Booming Hub of Small Businesses and Community Collaboration

Last week, the La Grange Business Association held its annual meetup at Plymouth Place Auditorium to discuss the role of entrepreneurship in community growth. Stephanie Posey, the LGBA board president, highlighted the profound impact of local businesses on the economy and community. "Entrepreneurs

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Nov 06 2024BUSINESS

Crypto Company Coinbase Makes Big Bet in Politics

Ever wondered how politics and crypto mix? Let's talk about Coinbase, a major crypto exchange. Years ago, the company's founder, Brian Armstrong, kept his distance from Washington. But as crypto grew bigger, so did Coinbase's need to get involved. Armstrong started spending more time in D. C. , meet

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Nov 05 2024BUSINESS

Yum Brands' Earnings Miss the Mark

Yum Brands announced its third-quarter earnings this Tuesday, falling short of what Wall Street expected. Both KFC and Pizza Hut saw their same-store sales drop more than anticipated. Here's a breakdown of the numbers: - Earnings per share hit $1. 37, missing the expected $1. 41. - Revenue came in

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Nov 05 2024BUSINESS

Palantir's Shares Soar After Boosted Guidance

Palantir Technologies, a data analytics software company, saw its shares surge by a whopping 23% on Tuesday, setting a new record high. This jump came after the company released impressive third-quarter results and optimistic future predictions. The stock price hit $51. 19, surpassing its previous p

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Nov 05 2024BUSINESS

The Home Depot Cofounder Bernard Marcus: A Life in Retail and Philanthropy

Bernard "Bernie" Marcus, co-creator of the mega-retailer The Home Depot, has passed away at the age of 95. Marcus, along with Arthur Blank, started the company back in 1978. They transformed the home improvement industry with their innovative approach, turning The Home Depot into a retail giant with

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Nov 05 2024BUSINESS

OpenAI's Shift: From Non-Profit Pioneer to For-Profit Powerhouse

Imagine a tech giant considering a major move – that's what's happening with OpenAI. The AI innovator, led by Sam Altman, is in early discussions with California's attorney general to switch from a non-profit to a for-profit company. This isn't just a small change; it's a significant shift for a com

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Nov 05 2024BUSINESS

Inquis Medical Secures $40 Million to Boost Thrombectomy System

Inquis Medical, a company focused on improving medical devices, just got a big boost. They've raised $40 million in a Series B funding round. The lead investor is Marshall Wace, a globally recognized firm. Existing investors like ShangBay Capital and EnPointe Ventures also chipped in. This money wil

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