May 2023

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Is there a new “it” dog breed? That might be the question some are asking now that Buddy Holly, a petit basset griffon Vendéen, took home the top prize at the Westminster Kennel Club dog show on Tuesday. It marked the first time a dog representing the hound-type breed, which…

Personal assistants such as Alexa and Siri are being offered by the biggest names in technology, and Morgan Stanley analysts said Wednesday that one company should be favored to take a big chunk of that market as artificial intelligence adds to their capabilities. Morgan Stanley analysts think Alphabet Inc.’s GOOG…

Walt Disney Co. will increase the cost of ad-free Disney+ subscriptions this year while adding Hulu content to the Disney+ streaming service and removing some shows from streaming entirely, executives announced Wednesday. Disney DIS executives have been making changes to their streaming strategy in an attempt to lose less money…

Declining cash flows at several big office landlords might be the next big worry for embattled office properties. Office landlords largely benefited from long-term tenant leases in place when the pandemic took hold in early 2020, but cash flows lately have begun to erode as more tenants downsize their office…

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Shares of Robinhood Markets Inc. moved higher after hours on Wednesday after the trading app reported first-quarter results that were better than expected — even as trading activity remains muted when compared to last year. But in Robinhood’s HOOD latest efforts to reverse that trend with new products — including…

The longer the debt-ceiling debate goes unresolved, the more pressure that risks building in credit markets.  “Congress and President Biden have only a handful of scheduled days in session to come to an agreement to raise or suspend the debt limit,” CreditSights analysts led by global head of strategy Winnie…

Affirm Holdings Inc.’s wounded shares sank anew Tuesday afternoon, as the buy-now, pay-later service saw losses more than triple in its most recent quarter and faced interest-rate concerns. Affirm AFRM reported a fiscal third-quarter loss of $205.7 million, or 69 cents a share, more than three times the loss of…

Federal prosecutors have filed criminal charges against embattled Rep. George Santos, CNN reported late Tuesday. CNN said the charges have been filed under seal and the New York Republican is expected to appear in federal court Wednesday. Other media outlets, including the Wall Street Journal and New York Times, later…