FabFitFun surpasses $200 million in revenue as it hits million-subscriber milestone

“When we think of the potential behind the business … there are a few businesses in the world for whom membership is a no brainer.  FabFitFun expands its video reach with a new experiment in live programming The company’s reach spans demographics and geography, according to co-chief executives (and brothers)…

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Cathay Pacific got hacked, compromising the data of millions of passengers

Hong Kong (CNN Business)One of Asia’s top airlines has discovered a data breach in which the personal information of more than 9 million passengers may have been stolen. The hackers who hit Cathay gained access to 27 credit card numbers but without the cards’ security code, and another 403 expired…

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Musk’s Go-Private Proposal to Be Pored Over by Tesla’s Board

the board has told Musk — who owns 20 percent of the company — that he needs his own separate advisers, the news outlet said. The reported deliberations would be consistent with what six directors said in a $420 a share. The three-sentence statement that six board members issued the…

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The Dude Is Back With a $100 Million Bet on Turkish Stocks

A single brokerage in Istanbul has been placing outsize bets on Turkish stocks at a time when less adventurous investors are bracing for a crisis. Yatirim Finansman was a net buyer of 565 million liras ($105 million) in equities this week, by far the largest bet on the market in…

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With Sanctions Clock Ticking, Iran Races to Reap Deal Benefits

Iran’s Mehrabad International Airport may have seen one of the final benefits of the 2015 nuclear agreement. As the U.S. prepares to slap new sanctions on the Iranian economy this week after pulling out of the accord, state-run Airbus SE and Italy’s Leonardo SpA, after France secured American approvals to…

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Putin Aide Proposes $7.5 Billion Tax Hike for Mining, Chemicals Sectors

The top economic adviser to Russian President Vladimir Putin proposed raising taxes on mining companies, including MMC Norilsk Nickel PJSC and Alrosa PJSC, among the largest producers of nickel and diamonds. Additional budget revenues are needed to help pay for Putin’s promises to boost spending after his re-election this spring,…

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Putins Soccer Ball for Trump Had Transmitter Chip, Logo Indicates

Russian President Vladimir Putin’s gift of a soccer ball to U.S. President tweeted, “I’d check the soccer ball for listening devices and never allow it in the White House.” It turns out they weren’t entirely wrong. Markings on the ball indicate that it contained a chip with a tiny antenna…

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Trump, Juncker Tout Deal Pulling Back From U.S.-EU Trade War

President Donald Trump and European Commission President Jean-Claude Juncker agreed to suspend new tariffs while negotiating over trade, pulling the U.S. and Europe back from the edge of a transatlantic trade war. The leaders pledged to expand European imports of U.S. liquefied natural gas and soybeans and both vowed to…

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China Begins to Question Whether Its Ready for a Trade War

Xi Jinping vowed to match fell below forecasts last month and economists warnings about a repeat of the market’s collapse in 2015, the last time China saw such open criticism of economic policymakers. “People are going to look back at this year as the pivot point when Xi Jinping overreached…

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Americans Still Arent Saving, Despite the Booming Economy

Despite recent job gains, rising wages and falling unemployment, almost a quarter of Americans said they still have no emergency savings, according to an annual Bankrate.com report released Wednesday. The number of Americans who said they have no money readily available in either a checking, savings or money market account fell to a…

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Freaked-Out Americans Desperately Seek to Escape the News

Last week, Jen Wrenn, a children’s literacy advocate in San Diego, attended her first political protest after reading about the Trump administration policy of separating small children from their immigrant parents at the border. She had heard Deadline. “A character like Fred takes us back to how we treat each other.”…

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When It Comes to Tipping, Millennials Are Cheapest

U.S. millennials are quick to whip out their wallets for pricey avocado toast and craft beer. But when it comes to rewarding the waiters and bartenders who serve them, those wallets often stay closed. Ten percent of millennials don’t tip at all when dining out compared with only three percent among the…

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Starbucks Pumps the Brakes in Its Home Market

Americans' long-running joke about a Starbucks on every corner may be nearing its end. The coffee behemoth is retrenching in its home market as it contends with sales growth that Chief Executive Officer Kevin Johnson acknowledges isn’t fast enough. The cafe chain Source: Company data, Bloomberg Note: Data is for fiscal…

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Millionaires Now Control Half of the World’s Personal Wealth

The rich are getting a lot richer and doing so a lot faster. Personal wealth around the globe reached $201.9 trillion last year, a 12 percent gain from 2016 and the strongest annual pace in the past five years, Boston Consulting Group said in a Source: Boston Consulting Group Last year’s…

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Theranos Founder Holmes, Ex-President Charged With Fraud

claims by the U.S. stepping down as chief executive officer of the blood-testing company that has unraveled amid revelations that her main product was a fraud. After the testing device that Holmes claimed would be able run hundreds of medical tests on a single drop of blood was shown not…

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