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Private-equity-backed firm buys up crematoriums and funeral homes to cash in on Europe’s aging population. ‘It’s an infrastructure play’
Funecap Idf SAS has spent around $1.1 billion to buy more than 300 crematoriums and funeral centers mainly in Europe, home to 17 of the top 20 countries with the highest death rates. more
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This millennial-founded Chinese company scored a $6 billion valuation selling mystery toys. Now it wants to cash in on America’s cuteness craze
Pop Mart, founded in 2010 by now 37-year-old Wang Ning, has kickstarted a mystery-toy boom in China. more
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A group of college kids may have just figured out how to get leaf blowers to shut up
Stanley Black and Decker was so enamored with the work of four Johns Hopkins engineering students it plans to sell the product in stores. more
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Wealthy travelers seeking sun, sand, and luxury are flocking to the Caribbean paradise next to Haiti, where armed gangs dominate
Even Fast & Furious star Vin Diesel wants to build a movie studio there. more
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World's largest asset manager wants Fed to reverse course: Slash rates to tame inflation
Rick Rieder, BlackRock’s chief investment officer of global fixed income, oversees about $2.4 trillion in investments. more
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Tiny, light-brown lizard sparks massive clash between environmentalists and oil giants
The 2.5-inch dunes sagebrush lizard is found only in the Permian Basin. more
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Pacific Coast Highway reopens after rockslide deluge
Total losses to Big Sur businesses since the slide were exceeding $1 million a day, an official said. more
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Disgruntled Boeing investors take aim at $33 million pay for ex-CEO amid ongoing safety issues
Shareholders grill executives, as questions abound over Boeing's way forward. more
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No 'Fed Speak' from Jerome Powell on remote work: Chair is working from home
The Federal Reserve Chair is sick, said a spokesperson. more
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Zyn shortages leave some retailers out of stock, while online sellers start rationing to prevent hoarding of the popular tobacco pouches
The scarcity comes after Philip Morris International, which also sells Marlboro cigarettes outside of the US, reported US volume of the nicotine pouches rocketed up 80% in the first quarter. more
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Singapore Airlines dishes out bonuses worth 8 months of salary after 2 years of record profits
Singapore’s national carrier is shrugging off a tough year for the airline industry. more
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The rise of the English major: BlackRock COO wants to recruit liberal arts consultants that 'have nothing to do with finance or technology'
As AI rises, so does the demand for critical thinkers. more
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A 25-year-old trader at Bank of America dies suddenly, the second death this month of a young employee at the Wall Street giant
Adnan Deumic, a credit portfolio and algorithmic trader, collapsed of a suspected cardiac arrest playing soccer at an industry event and failed to respond to medical treatment including CPR. more
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Arbitrum DAO Launches M&A Pilot with $3 Billion Treasury
Arbitrum DAO's $3B M&A pilot program, led by Bernard Schmid, seeks to boost DeFi growth and innovation through strategic acquisitions. The post Arbitrum DAO Launches M&A Pilot with $3 Billion … more
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Sir Richard Branson—who hates being called a billionaire—sees net worth fall back to 2000 levels
Branson took a $126 million hit to his fortune last year as he continued to fight several fires at his Virgin Group. more
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A deepfake ‘CFO’ tricked the British design firm behind the Sydney Opera House in $25 million fraud
“Our financial stability and business operations were not affected," an Arup spokesperson said. more
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‘Weekend at Bernie’s’ or ‘One Flew Over the Cuckoo’s Nest’——Anthony Scaramucci breaks down Trump vs. Biden in 2024
A second Trump presidency would mean “an orange wrecking ball for this society,” said the man who lasted 11 days in the White House on Thursday. more
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North Koreans stole Americans' identities and took remote-work tech jobs at Fortune 500 companies, DOJ says
The Justice Department says the conspiracy has affected more than 300 companies — including a high-end retail chain and “premier Silicon Valley technology company” more
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The ultra-exclusive $100 billion club has swelled to an unprecedented 15 members
CEO Elon Musk, 52, has a net worth of $187 billion and ranks the third on the index. more
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Sam Altman, leader of OpenAI and one of Reddit's largest investors, is further aligning his interests with an alliance between the two
Altman, CEO of OpenAI, has a long history with Reddit and briefly served as its interim CEO in 2014. more
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Boeing faces a critical investor vote as it hunts for a new CEO
The choice of CEO Dave Calhoun’s successor is one of the most consequential decisions in years for Boeing directors. more
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Young adults are getting cold feet about their highly anticipated $84 trillion wealth transfer
The Great Wealth Transfer might be less and later than expected. Either way, some young adults say they're not ready for it. more
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Texas Gov. pardons and restores firearm rights to ex-Army officer who shot and killed a protestor
Under Texas law, the governor cannot issue a pardon without a recommendation from the board, which the governor appoints. more
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DTCC’s pilot project with Chainlink drives blockchain data to expand fund tokenization
DTCC and Chainlink completed a pilot with major US banks to accelerate fund tokenization using blockchain technology. The post DTCC’s pilot project with Chainlink drives blockchain data to … more
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Fortune Future of Finance Livestream
The summit will welcome to the stage everyone from senior Wall Street executives to next-generation finance leaders. more
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