Amazon flooded its search results with irrelevant “defect” ads at the direction of Founder Jeff Bezos, pumping Amazon profits while steering shoppers to higher-priced goods, the Federal Trade Commission alleged in a newly unredacted portion of its antitrust lawsuit against the company.”At a key meeting, Mr. Bezos directed his executives…

LONDON — Elon Musk thinks that artificial intelligence could eventually put everyone out of a job.The billionaire technology leader, who owns Tesla, SpaceX, X, the company formerly known as Twitter, and the newly formed AI startup xAI, said late Thursday that AI will have the potential to become the “most…

Cedar Fair, L.P. (NYSE:FUN) Six Flags Mergers of Equals Conference Call November 2, 2023 8:30 AM ET Company Participants Michael Russell – Corporate Director, Investor Relations Selim Bassoul – Chief Executive Officer, Six Flags Richard Zimmerman – Chief Executive Officer, Cedar Fair Brain Witherow – Chief Financial Officer, Cedar Fair…

Wefox, the $4.5 billion German insurance technology group, has raised $55 million of fresh funding from Deutsche Bank and UniCredit, two anonymous sources familiar with the deal told CNBC.The company, which sells insurance plans via an online platform, raised the fresh cash in a debt financing deal from the two…

Billionaire Marc Rowan has been in touch with what one finance executive quipped was “half of Wall Street” about halting donations to some of the country’s most prestigious universities, to protest the schools’ responses to the Israel-Hamas war.The CEO of private equity giant Apollo Global Management belongs to a growing…

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Twelve jurors in a lower Manhattan courtroom have begun to deliberate the fate of FTX founder Sam Bankman-Fried following a month of testimony from nearly 20 witnesses.The case was handed to the jury around 3:15 p.m. on Thursday, after U.S. District Judge Lewis Kaplan finished reading aloud 60 pages worth…

Ticketmaster parent company Live Nation Entertainment delivered its strongest quarter ever, on pace for a record 2023 on the backs of concert darlings Taylor Swift and Beyoncé.Higher ticket prices and pent-up demand for live shows helped boost revenue up 32% to $8.2 billion in the third quarter, significantly higher than…

Slowly but surely we are getting all of the weak sisters flushed out of undervalued great companies – while they chase into overpriced momentum vehicles that are set up for a fall. Despite the garden variety headline correction of 10% in the S&P 500, under the surface weak hands are…

Check out the companies making headlines in extended trading. Live Nation Entertainment — Shares of the ticket provider climbed nearly 3% after a beat on the top and bottom lines in the third quarter. Live Nation reported $1.78 in earnings per share on $8.15 billion in revenue against estimates from…