Chief executive officer News & Breaking Stories

Abercrombie & Fitch is investigating claims that its former CEO sexually exploited men at lavish parties worldwide.

Abercrombie & Fitch is investigating claims that its former CEO, Mike Jeffries, sexually exploited men at parties.

Drew Weissman, M.D., Ph.D., a member of TFF Pharmaceuticals' Scientific Advisory Board, receives Nobel Prize for his work on mRNA COVID-19 vaccines.

Former NFL player Russ Francis died in a plane crash in upstate New York at the age of 70.

Democratic megadonor Sam Bankman-Fried considered paying former President Donald Trump not to run for reelection in 2020, according to a new book. Bankman-Fried's associates reportedly established a covert communication line with Trump's camp and found he could potentially be swayed for $5 billion. Bankman-Fried also planned to contribute millions to Senate Minority Leader Mitch McConnell to defeat "Trumpier" candidates. Bankman-Fried is currently facing charges of fraud and embezzlement.

Celebrities and fans gathered in Las Vegas for the opening of the Sphere, the largest spherical structure in the world. Irish rock band U2 performed the first show of their residency at the venue, which boasts impressive visuals and a wraparound LED display. The Sphere can seat up to 20,000 people and features a humanoid robot to greet attendees.

Late senator Dianne Feinstein, who died at 90, was hailed as the biggest champion of Lake Tahoe, securing over half a billion dollars to protect its environment. Her efforts brought Tahoe's environmental threats to the national spotlight, making the lake a symbol of environmental protection. Feinstein spearheaded the 1997 Lake Tahoe Presidential Summit and played a key role in passing the Lake Tahoe Restoration Act. Her dedication to Tahoe included personal involvement and fundraising efforts. Her bipartisan approach and respect from colleagues ensured the lake's protection remained a nonpartisan issue.

New York private equity firm Dynasty Equity has made a minority investment in Liverpool FC, providing funds to pay down debt and support the club's growth. The deal, thought to be worth between $100 million and $200 million, will also be used to enhance the team's facilities and support future growth opportunities. The investment comes as Liverpool seeks to maintain its success in the Premier League and compete with other big-spending clubs.

Man arrested in connection with the 1996 murder of rapper Tupac Shakur, indicted by a grand jury in Nevada.

Meta CEO Mark Zuckerberg confirms that the Meta Quest 3 VR headset will launch on October 10 starting at $499.99. The device features mixed-reality capabilities, improved GPU processing power, and compatibility with over 500 Meta Quest VR and AR experiences. It also offers a customizable fit and multiple color options. The Quest 3 will have over 100 new and upgraded titles by the end of 2023 and will support Xbox Cloud Gaming. The 512GB model includes access to the Meta Quest+ subscription service.

Warner Bros Discovery's JB Perrette warns of pain and consolidation in the global streaming market, but believes the merged group has what it takes to succeed. The company's Max streaming product will be rolled out in a pre-determined sequence, with some markets potentially being skipped in favor of local partnerships. Perrette suggests that the streaming market has gone too far too fast and needs to return to rationality and profitability. Despite the challenges, he remains optimistic about the company's strategy and content.

Authorities are searching for a 32-year-old man wanted in connection with the murder of a tech CEO in Baltimore. The suspect, Jason Billingsley, has a violent criminal history and was released early on parole. Police are urging him to turn himself in.

Stores in Philadelphia were looted by a crowd of juveniles and young people, following a protest over dropped charges in a fatal police shooting.

Amazon Web Services (AWS) invests $4 billion in Anthropic for its AI chips, Trainium and Inferentia, and collaboration on future technology.

Bruce Willis' wife opens up about his frontotemporal dementia diagnosis, highlighting the challenges and impact on their family.

Cisco has agreed to acquire data observability and security company Splunk in a $28 billion deal to develop AI-enabled security solutions.

Rupert Murdoch, the 92-year-old media mogul, is stepping down as leader of Fox's parent company and News Corp. His son, Lachlan Murdoch, will take over.

Verizon is hosting the Small Business Digital Ready Summit in NYC to provide insights and strategies for small business owners. Participants have the chance to win a free Chromebook.

Instacart's stock opened at $42 a share, 40% higher than anticipated, with a market valuation of roughly $13.9 billion.

Tim Ballard, founder of anti-s*x trafficking organization Operation Underground Railroad, resigns amid s*xual harassment allegations and LDS Church condemnation.

Democrats show strong support for UAW workers as they go on strike against General Motors, Ford, and Stellantis.

Disney has received an offer of $10bn from media mogul Byron Allen for its ABC TV network, local stations, and cable channels, as the company seeks to focus on streaming. Allen's offer is preliminary and could change, but is based on the assumption that the assets generated $1.25bn in earnings over the past year. Disney has also held talks with Nexstar Media Group about ABC and its eight local TV stations. No decision has been made about a sale, but the negotiations could help establish the value of television assets.

"Next Man Up: Inside the NFL Alumni Academy" is a docuseries on Prime Video that follows recently cut NFL players as they strive to replace injured players mid-season. Experience the emotional rollercoaster of their journey.

General Motors (GM) has increased its contract offer to a 20% wage hike for US autoworkers in a bid to avoid a strike. Ford Motor has also confirmed it offered a 20% hike and other benefits. The United Auto Workers (UAW) is demanding 40% raises and major improvements in benefits. The UAW has outlined plans for a series of strikes targeting individual auto plants if agreements are not reached. The UAW is asking for 40% raises and major improvements in benefits. A full strike would hit earnings at each affected automaker by about $400 million to $500 million per week.

British chipmaker Arm debuted on the public markets, with shares jumping 10% and climbing over 20% in the first 30 minutes of trading.

Arm's oversubscribed IPO could have been priced at $52 per share, above the indicated range of $47 to $51.

"The Morning Show" returns with a laugh-out-loud comedy that trivializes serious stories for personal melodrama. It's addictive and can't-miss TV.

Nelly and Ashanti confirm their rekindled romance at the MTV VMAs, hinting at possible future collaborations.

Mitt Romney, U.S. Senator from Utah, announces he will not run for re-election after 25 years of public service.

Wall Street indexes gain as data suggests the Federal Reserve may keep interest rates unchanged in September.

Shell's CEO in Argentina, Ricardo Rodriguez, stated at an oil conference that macroeconomic pressures are discouraging the company from investing more in Vaca Muerta.

Elon Musk and Amber Heard's relationship is detailed in a new biography, including their rocky moments and shared interests.

MGM Resorts is facing a cybersecurity breach that has caused disruptions to its operations, potentially costing the company millions of dollars per hour. The breach is believed to be financially motivated, and experts warn against paying the ransom demanded by the hackers. Customers are advised to be cautious of emails that appear to be from MGM and to monitor their credit reports for any suspicious charges.

Billionaire investors are loading up on Apple stock, prompting retail investors to take a closer look. Apple's iPhone ecosystem is strong, and the company continues to share its success with shareholders. While there are concerns about declining sales and a high valuation, many believe Apple is still a good long-term pick.

Grimes and Neuralink exec Shivon Zilis have resolved any tension between them, expressing respect and excitement for their children to grow up together.

Charter Communications will include Disney+ in its Spectrum TV Select offering, and ESPN+ in its Spectrum TV Plus package. The deal aims to combine traditional TV and online viewing in a mutually beneficial way. Charter's 14.7 million customers will regain access to popular Disney channels, and Disney will receive increased fees for its channels. Customers will receive more value for their money, and Charter will market Disney streaming services to its broadband-only customers.

Netflix is an "evil genius" that has changed the media landscape and is best positioned to survive Hollywood strikes.

Disney and Charter Communications have reached a deal to end their distribution dispute, which resulted in ESPN, ABC, and Disney Channel being pulled from Spectrum cable service. The agreement includes a discounted wholesale price for subscribers for Disney streaming services.

Bill Gates and Elon Musk had a confrontational meeting in 2022 over Gates shorting $1.5 billion worth of Tesla stock, according to a new biography. Musk was upset and "super mean" to Gates during the meeting. The book also reveals Gates' criticism of Musk's beliefs on climate change and Mars colonization.

Super Bowl advertisers achieved significant gains in engagement and effectiveness, according to research by EDO. Advertisers spent $3.7bn on ads during the NFL regular season, which had an engagement rate 20% higher than the broadcast primetime average. During the playoffs, advertisers spent $632m, achieving an engagement rate 19% higher than the primetime average. Super Bowl LVII saw advertisers spend $757m, with an engagement rate 221% higher than the primetime average. The NFL had five of the top ten programs for TV advertising effectiveness, with Thanksgiving Day and Thursday Night Football games proving particularly impactful.

Secretary of State Blinken avoids questions about Elon Musk's alleged role in crippling Ukrainian war efforts with Starlink internet access.

LSU hires Anzilla Gilmore as associate vice president for facility and property oversight, bringing over 23 years of experience.

Clemson football team wins 66-17 against Charleston Southern, but the team still has things to clean up.

Former BMW Chief of Design, Chris Bangle, has launched a production business called Inanimatti Inc, which will debut its first project, Arky Arch Adventures, at Mipcom. The animated TV show, targeted at children aged 6-12, is set in a world where everyday objects come alive. Bangle hopes to encourage children to see the world in a new and imaginative way, while also teaching them the importance of accepting diversity and change.

Kansas City Chiefs tight end Travis Kelce has been ruled out of the NFL season opener against the Detroit Lions due to a knee injury.

Elon Musk threatens to sue the Anti-Defamation League (ADL) for blaming his platform for advertising revenue loss.

AEW fires top star CM Punk with cause after investigating a physical altercation that occurred during a pay-per-view event.

Ryan and Duchovny's romcom, "What Happens Later," will be delayed to avoid competing with Taylor Swift's concert film.

Chico's FAS, a women's retailer based in Fort Myers, reported a strong second quarter with profits rising to $59.3m.

Ellen DeGeneres' famous selfie from the 2014 Oscars was temporarily deleted from Twitter, now known as X, due to glitches.