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Months before New York City approved a historic two-year rent freeze, Google co-founder Sergey Brin quietly exited a struggling real estate fund at a steep loss.In December, Brin sold his stake back to A&E Real Estate, the fund's manager, for six cents on the dollar, according to documents obtained by Bloomberg.The fund holds 5,900 rent-stabilized apartments, with Brin's stake being valued at roughly $79 million, a drop in the bucket […]

Sony is ending production of physical discs for all new PlayStation game releases beginning in January 2028, marking a significant step in the gaming industry's ongoing transition to digital distribution. Sony Interactive Entertainment announced the decision Wednesday in a post on its official PlayStation Blog, saying all new games released after January 2028 will be available through the PlayStation Store and retailers in digital formats only.The company said the move reflects […]

Kroger announced Wednesday it will acquire regional supermarket chain Giant Eagle in a $1.65 billion deal, marking the grocery giant's first major acquisition since regulators blocked its proposed $25 billion merger with Albertsons nearly two years ago.The acquisition will strengthen Kroger's presence across several Midwestern and Mid-Atlantic markets as traditional grocery chains compete with Walmart and Amazon while consumers continue searching for lower prices after years of elevated inflation."We evaluated […]