Forbes

Walmart scion Alice Walton’s short-lived term as the world’s richest woman came to an end Thursday after Francoise Bettencourt Meyers, the granddaughter of the founder of L’Oreal, secured the title amid a spike in European luxury stocks that reacted positively to an economic stimulus package committed to by China this week.

Former crypto bigwig Caroline Ellison received a jail sentence Tuesday for the financial crimes committed alongside her ex-boyfriend Sam Bankman-Fried, landing time behind bars despite some legal experts suggesting Ellison may skirt jail time for her extensive cooperation against Bankman-Fried, the former billionaire head of the $32 billion cryptocurrency exchange FTX.

Warner Bros. Discovery’s stock experienced one of its strongest days of trading in recent months on Thursday, after the media conglomerate announced a deal with Charter Communications that will bring the Max streaming service to standard cable packages.

Netflix’s controversial series Baby Reindeer won in four major categories at the 2024 Emmys Sunday night, including Outstanding Limited or Anthology Series or Movie.

Warner Bros. Discovery’s stock experienced one of its strongest days of trading in recent months on Thursday, after the media conglomerate announced a deal with Charter Communications that will bring the Max streaming service to standard cable packages.

A man who accused Sean “Diddy” Combs of sexually assaulting him at a party almost 30 years ago has won a $100 million default judgment in a civil lawsuit against the music producer and entrepreneur, the Detroit Metro Times first reported.

China's foreign trade rose 3.7% year-on-year to $4 trillion (¥25.6 trillion) in the first eight months of 2024, spurred by a jump in the exports of mechanical and electrical products, official data showed.

Takaya Awata, founder and CEO of Tokyo-listed Toridoll Holdings, best known for its popular udon noodle restaurants, has joined the ranks of billionaires. Shares of Toridoll, which operates nearly 1,900 eateries around the world, jumped by more than a third over the past year as people, constrained during the pandemic, resumed eating out once again. Awata’s 48% stake in Toridoll is now worth $1.1 billion, based on last Friday’s closing price of ¥3,930 ($26.8).

A not so encouraging jobs report put the cherry on top of a brutal opening week to September for investors Friday, as stocks stumbled to easily their worst week of an otherwise green 2024.

President Joe Biden will soon block Japan-based Nippon Steel’s planned $14.9 billion takeover of U.S. Steel, according to multiple outlets, sending the 123-year-old American company’s stock reeling more than 20% to a low not seen since last year.

Pixar’s “Inside Out 2”—the top-grossing movie of 2024—continues to break records: In its eleventh weekend in theaters it became the first animated movie ever to gross more than $1 billion at the international box office alone, multiple outlets reported.

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