Czech billionaire takes a five percent stake in Macy’s
May 12, 2020
Czech billionaire Daniel Kretinsky has acquired a five percent stake in Macy’s, Inc. Mr. Kretinsky, who has a history of investing in struggling businesses, plans to work with Macy’s management as it begins to reopen stores in states around the U.S.
Recent News
Aramark Workers Strike Again at Wells Fargo Center
Aramark workers at the Wells Fargo Center have gone on strike to demand better wages and health care benefits.
Elon Musk’s OpenAI Rival xAI Is Raising $6 Billion in Funding
Elon Musk’s xAI, which came to the market 10 months ago to compete with OpenAI, has raised almost $6 billion in funding.
TikTok Suspends TikTok Lite Rewards Program in the EU
A TikTok service offering rewards such as gift vouchers for watching videos has been suspended by the social media site.
FCC Votes To Restore Net Neutrality Rules
The Federal Communications Commission (FCC) voted 3-2 on Thursday to reinstate net neutrality rules that were rolled back during the Trump administration.