The Nathan’s Famous Fourth of July hot dog eating contest will be down one dog this year.Major League Eating announced Tuesday that it’s parting ways with 16-time champion Joey “Jaws” Chestnut ahead of this year’s competition, hosted by Nathan’s Famous.Chestnut was previously offered a $1.2 million, four-year contract with MLE…

Check out the companies making headlines in after-hours trading. Oracle — The tech company’s shares jumped nearly 9% after it announced cloud deals with Google and OpenAI, despite posting a miss on fiscal fourth-quarter results. Oracle posted adjusted earnings of $1.63 per share on revenue of $14.29 billion, while analysts…

More than 15,000 Amazon contract drivers filed arbitration claims against the e-commerce giant on Tuesday, alleging Amazon classified them as independent contractors instead of employees with minimum wage and overtime rights. Millions of Americans participate in the “gig economy,” freelancing work through delivery and ride apps like Lyft, Uber, Doordash…

The following segment was excerpted from this fund letter. In our Q3 2023 commentary, we featured a section on our investment in Danaher (DHR) entitled “Purity in the Crown Jewel of Bioprocessing.” Specifically, we were speaking to Cytiva, Danaher’s bioprocessing business formed by the merger of PALL Corp and GE’s…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shari Redstone has ended talks with Skydance Media over a deal that would have handed control of entertainment empire Paramount from her family to billionaire scion David Ellison.The decision closes the books…

South Carolina Rep. Nancy Mace will win the Republican primary for the state’s 1st Congressional District, CNN projects, staving off two challengers and a push by allies of former House Speaker Kevin McCarthy, whom she voted to oust. By taking a majority of the vote Tuesday, Mace is projected to…

By Sarita Chaganti Singh and Ira Dugal NEW DELHI (Reuters) – India’s central bank has found hundreds of thousands of accounts at Paytm Payments Bank created without proper identification and has passed the information on to the country’s financial crime fighting agency, three sources familiar with the matter said. The…

ZURICH (Reuters) – Switzerland will ban the import of Russian diamonds in line with the latest round of European Union sanctions designed to punish Moscow for its invasion of Ukraine, the government said on Wednesday. Bern has agreed to adopt the 12th round of sanctions implemented by the EU in…

Investing.com– Most Asian currencies kept to a tight range on Wednesday, steadying after recent losses as the dollar retreated from recent three-month peaks, although the prospect of higher-for-longer U.S. rates still kept traders on edge. Regional currencies were nursing steep losses over the past three sessions, after a string of…

By Pete Schroeder WASHINGTON (Reuters) – The Federal Reserve’s top regulatory official said on Friday that bank supervisors are flagging problems at banks at a higher rate in the past year, and are conducting additional exams at firms facing large unrealized losses. Fed Vice Chair for Supervision Michael Barr also…