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EU plans to fine Google high triple-digit million euro sum as part of antitrust investigation: report
The European Union is planning to fine Alphabet’s Google a high triple-digit million euro amount as part of an antitrust investigation, Germany’s Handelsblatt newspaper reported on Monday, citing commission sources. The decision is nearing completion and is...
Brooklyn’s Refinery at former Domino sugar plant reaches 90% occupancy
Two Trees developer Jed Walentas originally hoped to lease all or most of nearly 500,000 square feet at the Refinery at Domino, the former Brooklyn sugar plant, to a single tenant. It didn’t happen, but the result is just as rewarding. The glass-wrapped...
NYC skyscraper next to Trump Tower reaches turning point
It’s a turning point for 590 Madison Ave., the black granite tower at East 57th Street with a bamboo-filled atrium that attaches to Trump Tower. RXR and Elliott Investment Management purchased the 42-story, 1 million square-foot tower last year from longtime...
‘The Mandalorian and Grogu’ opens below ‘Solo’ in weakest Disney-era ‘Star Wars’ debut
Disney’s latest “Star Wars” movie opened with the weakest three-day domestic debut among its new theatrical releases in the franchise — even as the House of Mouse looks beyond ticket sales to merchandise, Disney+ and theme parks tied to the series. “The...
Ferrari to unveil $586,000 electric car Luce as rivals tap brakes on EVs
Ferrari is roaring into the electric era, even if many of its rivals are slamming the brakes. The iconic Italian supercar maker was set Monday to unveil the Luce, its first fully electric vehicle, in a high-stakes gamble that deep-pocketed buyers will shell out...
Americans are under intense financial stress as household debt reaches $18.8T
Americans remain under intense financial pressure, a recently released forecast found — even as some official banking data suggests the economy is stabilizing. On a scale of one to 10, Americans’ financial stress was 6.6 for first quarter of the year, according...
Oil prices drop 5% after Trump says Iran talks are moving ahead — but Hormuz still a wildcard
Oil prices dropped Monday after President Trump said negotiations with Iran to reopen the Strait of Hormuz were moving ahead — though traders remained braced for more potential chaos as the blockade that has choked global energy supplies drags on. Both...
How to think about the Iran war — and what it means for oil and stocks
Yes, an end to the Iran war remains elusive – but that doesn’t mean investors should wait around for it. What if talks fail? Won’t inflation skyrocket? Shouldn’t I wait for this to pass before buying stocks? Those are key questions I have been getting as this...
Chipotle rival Guzman y Gomez Mexican Kitchen closes all US restaurants
Guzman y Gomez Mexican Kitchen, an Australian-born Chipotle rival that once planned to open hundreds of US locations, has abruptly closed all of its American restaurants after six years in the Chicago area. “All GYG USA restaurants permanently closed,” a...
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