Author: Void

Joe Raedle / Getty ImagesKey TakeawaysA firm affiliated with Chewy’s biggest shareholder is selling off $500 million in stock.The company said it would also buy $50 million worth of those shares, and cancel and retire them.The $50 million purchase is being executed separately from its current share repurchase program begun in May.Online pet supplies retailer Chewy (CHWY) announced that a firm connected to its biggest shareholder was selling off half a billion dollars in stock.The company said that Buddy Chester Sub LLC, an entity affiliated with funds advised by top investor BC Partners Advisors LP, was putting up a public…

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Matthias Balk / Picture Alliance / Getty ImagesKey TakeawaysAdobe is scheduled to report earnings Wednesday after the market closes, with revenue and profits expected to rise about 10% from the same time last year.Analysts are largely bullish on Adobe stock, expecting it to recover from the lows it saw earlier this year and return to positive territory for 2024.Adobe stock has experienced large moves after its quarterly reports this year, moving lower after the first and third quarters and higher following the second quarter.Adobe (ADBE) is set to report earnings for the fourth quarter of fiscal 2024 after the bell…

Taylor Swift performs during the Eras Tour.Kate Green/Getty ImagesTaylor Swift’s Eras Tour ended in Vancouver on Sunday.The tour stretched for 149 dates, visited 21 countries, and grossed over $2 billion in ticket sales.Swift spent about 484 hours performing onstage, the equivalent of over 20 days.Taylor Swift has finally wrapped up the two-year cultural phenomenon known as the Eras Tour.Swift performed her final show on Sunday at BC Place in Vancouver, capping a remarkable run that spanned five continents and grossed over $2 billion. In her newly published book, Swift described it as “the most wondrous tour of my life.”We compiled…

Omnicom CEO John Wren.Getty ImagesOmnicom and Interpublic Group plan a $13.25 billion merger that would create the world’s largest ad-agency company.Industry insiders say the deal reflects an ad sector under threat from Big Tech and AI.A bigger company could have more leverage to make deals, but job cuts seem inevitable.For ad industry insiders, the proposed merger between US ad giants Omnicom and Interpublic Group represents the consolidation of a challenged sector and shows that the future of advertising will be rooted in data and AI.Being big matters as the industry wrestles with disruption from the might of Big Tech players…

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Some White House officials are criticizing President Biden for his lack of leadership and “conspicuous absence” in the final weeks before President-elect DonTrump assumes office on Jan. 20, per Politico. “There is no leadership coming from the White House,” another Democrat close to senior lawmakers told Politico. “There is a total vacuum.”Biden has taken a backseat since Vice President Kamala Harris’ loss, largely avoiding elongated press briefings and interviews. It is a strategy that has frustrated some in the White House and in his party. The report said Biden allies even admit he’s been “conspicuously absent” from the broader discourse as Democrats…

Syrian rebels wave an Islamist flag in Damascus after President Bashar Assad fled the country in December 2024.OMAR HAJ KADOUR / AFPRebels toppled the Assad regime in Syria after a brutal 13-year civil war.Once again, the region’s power dynamics have been dramatically reshaped.And there are risks and opportunities for the US.In a lightning two-week campaign that shocked the world, Syrian rebels led by the Islamist Hayat Tahrir Al-Sham group on Sunday, President-elect Donald Trump said the US should stay out of the conflict.Edmund Fitton-Brown, a senior advisor to the Counter Extremism Project, an international organization formed to combat the threat…

The Disney Treasure is Disney Cruises’ newest ship.Alicia Windzio/dpa/Getty ImagesThe Disney Treasure embarks on its maiden voyage later this month.Disney plans to double the size of its cruise fleet in the coming years.Disney plans to invest $60 billion in parks and cruises amid challenges for its TV business.The 1,119-foot-long Disney Treasure is set to make its maiden voyage from Port Canaveral, Florida later this month as the entertainment giant embarks on a major expansion of its stock has gained more than 28% this year, valuing the company at $211 billion.Investors seem unconcerned that public sparring between Iger and president-elect Donald…

The wife of Cleveland Browns offensive lineman Wyatt Teller took issue with Pittsburgh Steelers fans on Sunday afternoon as she watched her husband play at Acrisure Stadium.Carly Teller wrote on X that Steelers fans were behaving poorly.CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM”The fans in Pittsburgh today were so blatantly disrespectful to me and the Browns girls,” she wrote on X. “I’ve never felt so attacked by people who I literally did nothing to. Very sad/embarrassing behavior.”Teller added a selfie and another explanation on her Instagram Stories.”When you’re just trying to have a drink and watch your husbands at…