Day: May 23, 2022
Stock futures fall after Dow’s 600 point comeback
Stock futures fell in overnight trading on Monday as the markets struggled to sustain a comeback rally following weeks of losses. Futures on the Dow Jones Industrial Average fell 130 points, or 0.42%. S&P 500 futures dipped 0.89% and Nasdaq 100 futures dropped 1.6%. Zoom Video shares popped 6% in extended trading after sharing strong […]
Read More
Judge blocks auction of Judy Garland’s ‘Wizard of Oz’ dress by Catholic University pending outcome of lawsuit
A blue and white checked gingham dress, worn by Judy Garland in the “Wizard of Oz,” hangs on display, Monday, April 25, 2022, at Bonhams in New York. Katie Vasquez | AP A federal judge in New York blocked Tuesday’s scheduled auction of a dress worn by Judy Garland in “The Wizard of Oz” that […]
Read More
New York City removes the last payphone from service
Workers remove the final New York City payphone near Seventh Avenue and 50th Street in Midtown Manhattan, New York City, on May 23, 2022. Timothy A. Clary | AFP | Getty Images It’s the end of an era: New York City removed its last public payphone on Monday. The boxy enclosures were once an iconic […]
Read More
SpaceX president defends Elon Musk over sexual misconduct claims: ‘I believe the allegations to be false’
SpaceX CEO Elon Musk participates in a postlaunch news conference inside the Press Site auditorium at NASA’s Kennedy Space Center in Florida on May 30, 2020, following the launch of the agency’s SpaceX Demo-2 mission to the International Space Station. NASA/Kim Shiflett SpaceX President and COO Gwynne Shotwell defended Elon Musk in an email to […]
Read More
Snap plunges more than 20% after CEO warns company will miss revenue and earnings estimates, slow hiring
In this screengrab, CEO of Snap Inc. Evan Spiegel takes the stage at the virtual Snap Partner Summit 2021 on May 20, 2021 in Los Angeles. Snap Partner Summit 2021 – Snap Inc | Getty Images Snap shares plunged more than 20% on Monday after CEO Evan Spiegel warned in a note to employees that […]
Read More
Zoom pops 16% on first-quarter earnings beat and strong guidance
Zoom founder Eric Yuan speaks before the Nasdaq opening bell ceremony on April 18, 2019 in New York City. Kena Betancur | Getty Images Zoom shares rose 16% in extended trading on Monday after the provider of video chat software reported better-than-expected first-quarter earnings and issued an upbeat forecast for the second period. Here’s how […]
Read More
Supreme Court makes it tougher for inmates to win release from prison due to bad lawyering claims
The Supreme Court of the United States building, photographed on Thursday, Feb. 10, 2022 in Washington, DC. Kent Nishimura | Los Angeles Times | Getty Images The Supreme Court in a ruling Monday made it tougher for prison inmates to win release, barring federal courts from holding evidentiary hearings or considering new evidence of claims […]
Read More
Stocks poised for near-term rally after S&P 500 flirts with bear market, but selling is not over
The stock market’s bounce back from the brink of a bear market has set up the potential for a near-term rally, but there could be more pain in store for stocks this summer, say strategists who follow price charts. Friday’s sharp intraday drop to a low on the S & P 500 of 3,810 was […]
Read More
The number of billionaires soared during the pandemic. How tax proposals aim to reduce wealth inequality
A mobile billboard calling for higher taxes on the ultra-wealthy depicts an image of billionaire businessman Jeff Bezos, near the U.S. Capitol on May 17, 2021 in Washington, DC. Drew Angerer | Getty Images A new billionaire was created on average about every 30 hours during the Covid-19 pandemic, according to a new report by […]
Read More
House Ethics Committee probes Rep. Madison Cawthorn for cryptocurrency promotion, relationship with staffer
Rep.-elect Madison Cawthorn, R-N.C., arrives for the House Republican leadership elections at the Hyatt Regency on Capitol Hill on Tuesday, November 17, 2020. Tom Williams | Cq-roll Call, Inc. | Getty Images The House Ethics Committee is investigating controversial Rep. Madison Cawthorn for his possibly improper promotion of a cryptocurrency in which he may have […]
Read More