David's Bridal told CNBC exclusively that it's planning to spin off its AI platform, Pearl, into a stand-alone publicly traded company.
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It's the fourth major U.S. carrier to cut its 2026 forecast this month because of a spike in fuel costs.
Broadcast TV is set to capture nearly half of political advertising spending ahead of the midterm election as local stations benefit from record spending.
Comcast is in the process of spinning off its media business into a separate publicly traded company.
The bank says it is using more AI leading to a 5% reduction in its workforce.