Shares in fashion giant behind Zara and Massimo Dutti plunge as it reports disappointing sales growth

Spanish fashion giant Inditex missed analyst estimates in the third quarter.  Zara’s parent company, Inditex, reported Wednesday that sales grew 9% in the five weeks to December 9, compared with 14% in the same period in 2023. Shares in the Madrid-listed fashion giant — which also owns Bershka and Massimo Dutti — dropped as much…

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OpenAI’s CFO says it trusts Elon Musk to ‘compete appropriately’ after his ally David Sacks was appointed AI czar

Sarah Friar was appointed as OpenAI’s chief financial officer in June. OpenAI trusts Elon Musk to act in good faith as the owner of a rival AI company with the ear of President-elect Donald Trump, its CFO said. “We trust him…as a competitor, [Musk] will put first the national interest and compete appropriately,” Sarah Friar,…

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Angelina Jolie is really singing in the Netflix biopic ‘Maria’ — but there’s a catch

Angelina Jolie as Maria Callas in “Maria.” Angelina Jolie transforms into famed soprano Maria Callas in Pablo Larraín’s new biopic “Maria,” and yes, the actor is singing for real. “Maria,” which is now streaming on Netflix after being released in select theaters earlier this year, follows Callas in the days leading up to her death…

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Inflation ticked up in November as expected

In November, inflation sped up once again. The consumer price index increased 2.7% from a year ago as expected, higher than October’s 2.6% rate and the highest reading since July, when the rate was 2.9%. Matt Colyar, an economist at Moody’s Analytics, told B-17 before the new data was published that an acceleration wouldn’t be…

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Jamie Foxx jokes that he left Diddy’s parties early in his new comedy special: ‘It’s slippery in here’

Jamie Foxx in 2024 and Sean “Diddy” Combs in 2002. In his new comedy special, Jamie Foxx makes time amid emotional revelations about his recent health scare and spot-on celebrity impressions to poke fun at Sean “Diddy” Combs, who’s awaiting trial in jail on three felony charges including sex trafficking. In the opening minutes of…

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