Edtech major Byju’s rode the easy money wave during the Covid pandemic, using that time to acquire companies that allowed it to enter a new vertical or geography. From those highs, the Bengaluru-headquartered company founded in 2011 is now looking to sell two companies it lists as “well-known acquisitions” on its website —  Epic and Great Learning. But strategic buys […]

Oscar nominee Rachel McAdams (Spotlight) will star in the Broadway premiere of Amy Herzog’s Mary Jane in a spring production directed by Anne Kauffman (The Sign in Sydney Brustein’s Window). The play, produced by Manhattan Theatre Club, will begin previews on Tuesday, April 2, 2024 at the Samuel J. Friedman Theatre. The production will mark McAdams’ Broadway debut. MTC describes […]

Ford faces a strike by the United Auto Workers (UAW) that could cripple it financially and set it back in its critical race to become an important player in the electric vehicle (EV) market. Rival Tesla does not face either of these. It does not have union workers, and its EV production continues to grow. This year, it will launch […]

While Americans drink more wine and cocktails now than 20 years ago, beer remains the dominant alcoholic beverage, with over 6 billion gallons consumed annually compared to under 1 billion gallons of wine. Despite big brands’ dominance, craft beers are gaining popularity, increasing sales 5% last year to account for a quarter of the U.S. beer market. With constant experimentation, […]

Starbucks started with one store. Today, it has nearly 38,000. Based on its expansion rate, that should reach 40,000 within a year or two. Starbucks may be the most famous fast food chain in the world, with the possible exception of McDonald’s. Not only did it have 37,222 stores at the end of its most recently reported financial quarter, Same-store […]

Welcome to the 19th installment of Deadline’s Strike Talk podcast. It is a task Oscar-nominated filmmaker Billy Ray took on at the beginning of the Writers Guild strike against AMPTP, and who knew he would be engaged in it longer than it would have taken him to shoot a picture. Today, Ray presses on the theme of the “Pyrrhic victory,” […]

The Justice Department has announced a proposed rule that makes a license mandatory for gun dealers to sell firearms and requires officers to complete the background checks on buyers. The detailed rules, released by the Justice Department, would clarify the circumstances in which a person is “engaged in the business” of dealing in firearms and thus required to obtain a […]

While the Labor Department released a closely watched report on Friday showing modestly stronger than expected job growth in the month of August, the report also showed an unexpected increase in the unemployment rate. The Labor Department said employment climbed by 187,000 jobs in August compared to economist estimates for the addition of 170,000 jobs. The bigger than expected increase […]

France’s industrial production rose in July, led by a rebound in manufacturing, preliminary data from the statistical office INSEE showed Friday, though the momentum is unlikely to be sustained in the coming months amid weakening demand globally and high interest rates. Total industrial production rose 0.8 percent from June, when output fell 0.9 percent. Economists had forecast a modest 0.1 […]

Crypto assets should not be granted official currency or legal tender status, the much-awaited synthesis paper by the International Monetary Fund (IMF) and Financial Stability Board (FSB) has said ahead of the G20 leadership summit under India’s presidency. However, the report has argued against a blanket ban on activities linked to crypto assets, explaining that such a move can be […]