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Oct 07 2024BUSINESS

True Religion’s Comeback: Is a Sale on the Horizon?

Ever heard of True Religion? It's that jeans brand from the early 2000s known for its flashy designs and celebrity fans. Well, it seems like they might be up for sale! The company that owns True Religion is looking into selling it after a tough decade filled with bankruptcies. But things are looking

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Oct 07 2024BUSINESS

Target's CEO on Combating Retail Crime: Progress and Plans

Brian Cornell, Target's CEO for a decade, has seen improvements in retail crime management. He admitted that securing essential items isn’t ideal but it keeps stores open. The future holds more of the same – body wash, deodorant, and undergarments will stay behind glass barriers, requiring hand swip

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Oct 07 2024BUSINESS

Mexico's Rising Appeal for Business and Challenges in Supply Chain Security

As global trade tensions escalate, Mexico has become an increasingly attractive destination for international companies looking to diversify their supply chains. Recent events like the blockage of the Suez Canal have sparked renewed interest from firms seeking alternatives to China. However, Mexico

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Oct 07 2024BUSINESS

Crypto Theft: A $1. 38 Billion Surge in 2024

Hackers have been on a roll this year, stealing twice as much cryptocurrency in the first six months of 2024 compared to the same period in 2023, according to a recent report by TRM Labs. The total loot now stands at a whopping $1.38 billion, with a few massive heists making up most of that amount.

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Oct 07 2024BUSINESS

Why Crypto Might Be a Game Changer for Your Business

Cryptocurrencies have been making waves in various industries, offering a new way for businesses to do things better. Let's dive into why crypto could be just right for your business. First off, crypto can help you reach new customers. Younger generations, like Millennials and Gen Z, are big fans o

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Oct 07 2024BUSINESS

AI vs Bitcoin: A New Race in West Texas

In the heart of West Texas lies Abilene, a town formerly known for cattle grazing but now transforming into a hub for artificial intelligence (AI). Two companies, Lancium and Crusoe Energy Systems, have teamed up to build a massive AI data center outside Abilene. This 200-megawatt project is the fir

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Oct 07 2024BUSINESS

Ether ETFs Arrive: A New Mainstream Crypto Option

Today marks a significant shift in the crypto world with the launch of spot ether ETFs. Ethereum's value is already on the rise, jumping 1.3% to $3,520 before these funds hit the market. Back in January, the first bitcoin ETFs saw massive inflows of over $15.1 billion. Ethereum, known for its s

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Oct 07 2024BUSINESS

HP's New CFO: A Leap from Medtronic to Tech Giant

HP has appointed Karen Parkhill as its new Chief Financial Officer (CFO), effective August 5. Parkhill is leaving her post at Medtronic, a global medical devices company, where she has been the Executive Vice President and CFO since 2016. This move highlights the trend of top finance chiefs switchin

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Oct 07 2024BUSINESS

Unicorn Faire Promotes Internal Candidate to New CFO Role

Faire, a San Francisco-based wholesale marketplace, has recently shuffled its leadership. The startup, known for connecting independent retailers with global brands, has promoted Jason Lee to the role of CFO. Lee, who joined Faire around a year and a half ago as the VP of finance, has an impressive

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Oct 07 2024BUSINESS

CVS Health's Big Move: Is Splitting Up the Right Call?

CVS Health is facing a challenge. Their stock prices are falling, and healthcare costs are skyrocketing. The money coming in from their pharmacy services isn't enough. To tackle this, they're thinking about a significant change: splitting their retail stores from their health insurance business. The

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