Author: admin

The final countdown of the final flash sale is here. Only three days remain to save up to $624 on your TechCrunch Disrupt 2025 pass before prices increase on Friday, October 17 at 11:59 p.m. PT. From October 27–29 at San Francisco’s Moscone West, Disrupt 2025 will bring together 10,000+ founders, investors, and operators for three days of ideas, dealmaking, and discovery across more than 200 sessions, 250+ speakers, and 300+ exhibiting startups building what’s next. Register now to save up to $624 on your pass before this week ends. Got a group? Save up to 30% on group passes.…

MILAN (AP) — The European Commission has fined luxury fashion houses Gucci, Chloé and Loewe over 157 million euros (nearly $183 million) for anti-competitive practices restricting independent retailers’ ability to set prices for their luxury goods.The commission said the companies’ fixing of resale prices breached the bloc’s competition rules, and harmed consumers.“The decision sends a strong signal to the fashion industry and beyond that we will not tolerate this kind of practice in Europe, and that fair competition and consumer protection apply to everyone, equally,’’ Commission Vice President Teresa Ribera said in a statement on Tuesday. Gucci owner Kering acknowledged…

LONDON, ENGLAND – MAY 18: Minority shareholder of Chelsea, Alexis Ohanian during The Adobe Women’s FA Cup Final match between Chelsea and Manchester United at Wembley Stadium on May 18, 2025 in London, England (Photo by Eddie Keogh – The FA/The FA via Getty Images)Eddie Keogh – The Fa | The Fa Collection | Getty ImagesAlexis Ohanian is expanding his investment portfolio in women’s sports with a new stake in professional women’s volleyball.League One Volleyball (LOVB) announced on Wednesday that Ohanian’s investment firm, Seven Seven Six, will lead the ownership group of a new professional team, LOVB Los Angeles Volleyball.…

Leading travel brand tour operator for 18–35-year-olds, Contiki, is helping first-time travelers go global with its newly launched passport promotion program.According to Contiki, research shows more than half of Americans under 30 have never owned a passport. As a result, the initiative will cover the cost of a first-time passport for 100 U.S. travelers ages 18-35 who book a European trip of seven days or more.“Travel is one of the most transformative experiences a young person can have,” said Toni Ambler, Chief Customer Officer at Contiki. “By covering the cost of a first passport, we hope to make it easier for…

The first foreign trip Joel Holsinger took in 2019 after joining the board of directors at the global health nonprofit PATH convinced him that he needed to do more to raise money for charities.The investment manager, who is now also a partner and co-head of alternative credit at Ares Management Corp., saw firsthand how a tuberculosis prevention program was helping residents of Dharavi, India’s largest slum. He also saw that the main hurdle to expanding the program’s success was simply a lack of funding.“I wanted to do something that has purpose,” Holsinger told The Associated Press. “I wanted a charitable…

Ted Pick, CEO of Morgan Stanley speaks on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 23, 2025.Gerry Miller | CNBCMorgan Stanley on Wednesday posted third-quarter earnings that beat expectations by the largest margin in nearly five years on booming equities trading, investment banking and wealth management results.Here’s what the company reported:Earnings per share: $2.80 vs. $2.10 expected, according to LSEGRevenue: $18.22 billion vs. $16.7 billion, according to LSEGThe bank said profit surged 45% from a year earlier to $4.61 billion, or $2.80 per share. Revenue rose 18% to a record $18.22 billion.Morgan Stanley shares…

The thousands of small trucking companies that help move goods around the United States have a fairly old-school way of doing things, according to Paul Singer. He would know — he left his product manager job at Uber Freight to start a company called FleetWorks, which he believes will modernize things. Created during Y Combinator’s Summer 2023 batch, FleetWorks has been developing a marketplace that leverages artificial intelligence to make faster matches between carrier companies and goods that need to be moved, freeing up more time for workers on both sides of the transaction. Singer and co-founder Quang Tran, who…

Security researchers have discovered that as many as half of all geostationary satellites in Earth’s orbit are carrying unencrypted sensitive consumer, corporate, and military information, making this data wide open to eavesdropping. The researchers at UC San Diego and the University of Maryland spent $800 on an off-the-shelf satellite receiver and pointed it at the sky for three years. They found reams of unencrypted data beaming to and from space, including people’s private voice calls and text messages, and consumer internet traffic from in-flight Wi-Fi services. The unencrypted data also included communications between critical infrastructure systems, such as energy and…

If you’re considering buying a new small SUV, there’s a good chance you’ll consider the Honda CR-V. The CR-V is among the most popular-selling models in the United States, and there are good reasons why. It’s practical, comfortable and quite good at getting you where you need to go with minimal fuss. But it’s not the only small SUV vying for your attention.Volkswagen, for its part, hopes you’ll check out its new Tiguan. Redesigned for 2026, the Tiguan gets a fresh look, updated technology and more power without a boost in price. Each model represents its brand’s best-selling model, but…

Brian Moynihan, CEO of Bank of America, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of debanking on Thursday, February 13, 2025. Tom Williams | Cq-roll Call, Inc. | Getty ImagesBank of America is scheduled to report third-quarter earnings before the opening bell Wednesday.Here’s what Wall Street expects:Earnings per share: 95 cents, according to LSEGRevenue: $27.5 billion, according to LSEGNet Interest Income: $15.24 billion, according to StreetAccountTrading: Fixed Income of $3.11 billion, Equities of $2.10 billion, according to StreetAccountBank of America is likely to have benefited from…