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Janitors hired to clean a meat plant owned by $8 billion Perdue Farms used children for the work, regulators said
The Labor Department’s latest statistics indicate the number of children being employed illegally in the U.S. has increased 88% since 2019. more
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The accounting firm that Trump hired for his media firm’s IPO was caught copy-and-pasting previous audits and is now banned forever
The firm and its founder have agreed to pay a combined $12 million in penalties and to a permanent suspension. more
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Target treks off the beaten path amid sales slump—by selling its own-brand products at other retailers
The Minnesota-based retailer is expanding its partnership with Canadian department store Hudson’s Bay to sell its private-label children’s clothing line. more
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Amtrak no longer has to live ‘hand to mouth’ after being starved of funding for decades, CEO says
The passenger rail network is receiving $66 billion in funding from the bipartisan infrastructure bill—and is finally able to plan ahead. more
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Warren Buffett says he was ‘100% responsible’ for Berkshire Hathaway’s bad bet on Paramount: ‘We lost quite a bit of money’
“It was 100% my decision, and we sold it all,” the Oracle of Omaha said at Berkshire’s annual meeting on Saturday. more
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Why a Benioff acolyte left Salesforce after 15 years to lead a $3 billion HR software firm she thinks might one day be its rival 
AI has ushered in “a great era of augmentation," and Sarah Franklin, Lattice's new CEO, is poised to crest that wave. more
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Trump Media ejects its auditor after regulators find the firm falsified documents in 'massive fraud'
To settle the charges, accounting firm BF Borgers and owner Benjamin F. Borgers agreed to pay a combined $14 million in civil penalties and agreed to permanent suspensions, effective immediately. more
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Jeff Goldblum isn’t planning on letting his kids be nepo babies. ‘You’ve got to row your own boat’
He adds that sometimes that first job might be within their passion, and other times it’s more about just getting the work done. more
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Elon Musk urges investing legend Warren Buffett to buy a stake in Tesla: ‘It’s an obvious move’
Tesla investors have long prayed that the Berkshire Hathaway icon would bless their totemic CEO with an investment in his EV company rather than back rival BYD. more
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Money Keeps Pouring Into Crypto, With VC Funding Above 1 Billion Per Month
Venture capital keeps allocating billions to crypto projects. The last two months saw a significant uptick in financing, with DeFi among the biggest winners compared to the previous year's results. more
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A top WWE exec resigns after being named in Vince McMahon’s lawsuit
A major veteran executive will reportedly no longer be apart of WWE's "new era." more
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Jack Dorsey parts ways with Bluesky, leaves board of directors
As Jack Dorsey bids farewell to Blueskys board, the social network seeks new leadership aligned with its vision of user-driven experience. The post Jack Dorsey parts ways with Bluesky, leaves … more
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Dubai lays out blueprint for AI adoption as regional competition heats up
Under Dubai's AI blueprint, government entities will appoint an AI CEO to draft strategies for the tech's mass adoption; an AI Week for schools will also be curated to help introduce AI to the youth. … more
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Blockchain tech absent during India’s elections despite wide adoption in some industries
About 970 million people in India are eligible to vote this year and decide whether to let Narendra Modi hold office for a third consecutive term. [...] Read More... The post Blockchain tech … more
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Warren Buffett predicts ‘higher taxes are likely’ since the national debt won’t pay for itself
Asked at Saturday's shareholder meeting why Berkshire Hathaway sold 115 million shares in Apple stock over the past quarter, Buffett warned it may have to pay higher corporation tax. more
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Bitcoin Network Tops 1 Billion In Total Transactions Processed
The Bitcoin network hits a major milestone, processing its 1 billionth transaction just 15 years after launch, proving Bitcoin's resilience and capacity to efficiently facilitate transactions at … more
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Starbucks ex-CEO Howard Schultz says chain needs a major fix after biggest sales miss in years: 'There must be contrition'
Shares plummeted after sales dropped this month for the first time since the early days of Covid in 2020. more
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Qantas will pay $66m penalty and compensate passengers for selling tickets on thousands of ‘ghost flights’ it had already decided to cancel
The deal settles a fiery legal dispute between Qantas and the Australian Competition and Consumer Commission that last year triggered the early retirement of then-CEO Alan Joyce. more
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Zimbabwe launches gold-backed ZiG notes and coins, but mistrust still high
After launching digitally a month ago, the physical versions of the ZiG gold-backed currency have debuted, but many businesses are still rejecting it. [...] Read More... The post Zimbabwe … more
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Why Airbus won't expand its lead on Boeing even as its biggest rival stumbles
Airbus already is making planes as fast as it can and has a backlog of more than 8,600 orders to fill. more
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Coinbase leans heavily on accounting changes to post billion-plus profit
Figures released on May 2 show Coinbase generated revenue of nearly $1.6 billion in the three months, more than twice the sum generated in the same quarter last year. [...] Read More... The … more
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Warren Buffett changed the succession plan by saying Greg Abel will run Berkshire's investments, even though he's never been a stock picker
Buffett said because Abel understands businesses so well, he also understands stocks. more
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Boeing CEO David Calhoun's 45% pay hike to $32.8 million should be rejected, shareholder advisory says
CEO David Calhoun’s 45% pay jump from the prior year should be rejected at the company’s annual meeting on May 17, shareholder advising firm ISS said. more
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Boeing is about to face a big test after falling behind Elon Musk's SpaceX
It’s the first flight of Boeing’s Starliner capsule with a crew on board, a pair of NASA pilots who will check out the spacecraft during the test drive and a weeklong stay at the space station. more
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E-commerce is witnessing the Amazon-ification of Shein, as the fast-fashion behemoth woos skincare and toy brands
Shein is hunting down a $90 billion valuation, IPO approval—and Amazon’s online retail stronghold. more
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