Author: Editor

PIF will become the title sponsor of revamped golf series.Severn ImagesSaudi Arabia is deepening its investment in women’s professional golf.The Public Investment Fund, the sovereign wealth fund of Saudi Arabia, announced on Wednesday that it will become the title partner of five events that will take place on the the Ladies European Tour.Terms of the deal were not disclosed.As part of this latest deal, the tour will revamp the five events, which will be collectively rebranded as the PIF Global Series. The events take place in Riyadh, Saudi Arabia; Seoul, South Korea; London; Houston; and Shenzhen, China.”PIF continues to be…

Bennett Thrasher, a Top 75 Firm based in Atlanta, has steered clear of private equity funding so far and plans to remain independent, despite frequent calls and emails from PE suitors.”Our firm has been doing quite well,” said Bennett Thrasher managing partner and CEO Jeff Call. “We grew double digits in total revenue last year, about 11% total. Our challenges on the personnel side have not been as much of a problem for us. We’ve been able to attract a lot of good talent, so we don’t feel like we’re really constrained in that way. We have been able to…

Vehicles are seen on display at a Carvana dealership in Austin, Texas, on Feb. 20, 2023.Brandon Bell | Getty ImagesDETROIT — Carvana’s first-quarter results easily topped Wall Street’s expectations as the company reported record sales driven by higher-than-expected industry demand amid fears of price increases due to automotive tariffs.Here’s how the company performed in the first quarter, compared with average estimates compiled by LSEG:Earnings per share: $1.51 vs. 67 cents expectedRevenue: $4.23 billion vs. $3.98 billion expectedThe online used vehicle retailer reported a 46% increase in year-over-year sales during the first three months of the year to nearly 134,000 units. Carvana…

2025-05-07T19:05:28Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Streaming customers are learning a tough economic lesson: There’s no free lunch. Disney has found success imitating Netflix’s password-sharing clampdown. Other streamers are following suit. Playtime’s over for freeloaders.Password-sharing crackdowns on streaming services have exceeded expectations, so those still logged in to their sibling’s or ex’s account should prepare to pay up.Netflix…

The Federal Reserve has held interest rates steady for the third time this year as the US economy is roiled with uncertainty.While job growth in April beat expectations and inflation cooled in March, the data doesn’t reflect the full impact of President Donald Trump’s tariffs on goods from China and most other countries. Fed Chair Jerome Powell in recent months has said the central bank is waiting to see how Trump’s trade policies affect the economy.The Federal Open Market Committee announced Wednesday that interest rates would remain at 4.25% to 4.50%, in line with market predictions. CME FedWatch, which estimates…

Netflix launching an innovative new TV experience featuring enhanced design, responsive recommendations and a new way to search.Courtesy: NetflixNetflix unveiled a redesigned homepage experience on Wednesday with the aim of making searching for shows and movies easier for its members.The user experience revamp goes beyond the TV screen. Netflix is also making changes to include a vertical video feed that the company says better suits the mobile watching and sharing experience. In addition, executives announced the company is exploring ways to integrate generative artificial intelligence into the experience in partnership with OpenAI.The new features, such as more visible shortcuts to…

An airport control tower is seen at Newark Liberty International Airport, on May 6, 2025 in Newark, New Jersey. Andres Kudacki | Getty ImagesAir traffic controllers have been under strain for years, but a 90-second equipment failure last week exposed how decades of staffing shortages, underinvestment and patchwork solutions for those who guide planes through some of the world’s most congested airspace are taking their toll.The outage also sparked hundreds of flight delays, disrupting travel for thousands of travelers for days — again.What happened?On the afternoon of April 28, air traffic controllers at a facility in Philadelphia who are responsible…

Netflix is refreshing its homepage for the first time in a decade as it tries to keep people on the service for longer.As Netflix has added sports and live events, its TV viewing experience has had to evolve, executives said in a blog post and presentation previewing the updates with reporters on May 6. The changes include moves to promote live events, use artificial intelligence in search, and help users get to search faster.”Our members do a lot of eye gymnastics when they’re scrolling down and right and going back and forth between rows and title details on the homepage,”…

2025-05-07T17:01:27Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Amazon’s latest Vulcan robot is the company’s first system that can sense touch. The devices can reach places where workers would ordinarily have to bend or climb a step-ladder. Amazon says fulfillment centers will still need human workers, especially for higher-tech roles. Amazon warehouse workers’ newest high-tech colleague has a sensitive side.The…

halbergman/Getty Images 2025-05-07T16:37:29Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. A Redfin analysis shows that the number of homes for sale in Washington, DC, rose at the fastest pace on record last month. Sweeping layoffs of government workers spearheaded by DOGE boosted the figure. DOGE slashed over 200,000 federal jobs in March alone, one analysis found. Widespread layoffs of federal workers are…