Netflix cofounder and chairman Reed Hastings will step down from the streaming service’s board of directors in June when his term expires, the company said on Thursday.
WASHINGTON (AP) – The U.S. Treasury Department on Friday extended its pause on sanctions on Russian oil shipments to ease shortages from the Iran war, days after Secretary Scott Bessent ruled out such a move.
PepsiCo’s decision to lower prices and cut artificial ingredients paid off in the first quarter, boosting demand for its snacks and drinks. Revenue jumped 8.5% to $19.44 billion in the January-March period compared to the same period a year ago, the Purchase, New York, company said Thursday.
LAS VEGAS (AP) – Disney releases dominated the box office in 2025 with nearly $2.5 billion in domestic ticket sales with hits like “Lilo & Stitch,”“Zootopia 2” and “Avatar: Fire and Ash.” A box office driver for many years, it’s fitting that Disney is closing CinemaCon, the annual gathering of movie theater owners, Thursday evening in Las Vegas.
From an advertisement for an herbal remedy that promises to cure all to a video featuring a voice that sounds just like a movie star, you’ve surely encountered spam and scam advertisements online. And they have likely been created with artificial intelligence.
NEW YORK (AP) – The owner of home shopping network pioneer QVC – which for years garnered the attention of millions of TV viewers looking for a deal on baubles and housewares, is planning to file for Chapter 11 bankruptcy protection.
WASHINGTON (AP) – U.S. applications for unemployment benefits fell last week, remaining in the range of the past few years even as the war in Iran continues to threaten the global economy.
HONG KONG (AP) – Taiwan’s chipmaker TSMC, one of the world’s largest companies, reported a 58% jump in profit on Thursday for the January-March quarter, thanks to strong demand driven by the artificial intelligence boom even as the Iran war was driving up costs.
NAIROBI, Kenya (AP) – The High Court in Kenya ruled Thursday that a class action lawsuit can move forward against multinational oil and gas company BP alleging that decades-long toxic waste disposal contaminated drinking water in northern Kenya.
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