Month: May 2022
Stocks making the biggest moves midday: Twitter, Macy’s, Nvidia, Lululemon and more
A Lululemon sign hangs in front of their store at the Woodbury Commons Premium Outlets shopping mall on November 17, 2019 in Central Valley, New York. Gary Hershorn | Corbis News | Getty Images Check out the companies making headlines in midday trading Thursday. Macy’s — Shares jumped 17.8% after the department store chain reported […]
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Home listings suddenly jump as sellers worry they may miss out on the red-hot housing market
A For Sale sign is displayed in front of a house in Washington, DC. Stefani Reynolds | Afp | Getty Images Sharply higher mortgage rates have caused a sudden pullback in home sales, and now sellers are rushing to get in before the red-hot market cools off dramatically. The supply of homes for sale jumped […]
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Ray Liotta, ‘Goodfellas’ star and gifted character actor, dies at 67
He died in his sleep in the Dominican Republic, where he was filming a movie called “Dangerous Waters,” according to his publicist. Source
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Senate GOP blocks domestic terrorism bill, as Democrats urge action after Buffalo, Texas shootings
Family members look on during the funeral service for retired Buffalo Police officer Aaron Salter, Jr, a security guard who was shot dead in the attack by an avowed white supremacist at TOPS supermarket, in Buffalo, New York, May 25, 2022. Jeffrey T. Barnes | Reuters Senate Republicans on Thursday blocked a domestic terrorism bill […]
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Blinken says China is a serious long-term challenge but the U.S. does not want a new Cold War
WASHINGTON — Secretary of State Antony Blinken on Thursday described China as the “most serious long-term challenge to the international order,” even as the world grapples with Russia’s war in Ukraine. “China is the only country with both the intent to reshape the international order and, increasingly, the economic, diplomatic, military and technological power to […]
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Sequoia coaches start-ups to cut costs or face a ‘death spiral’ amid stock market slump, bleak economic backdrop
One of Silicon Valley’s most successful venture capital firms doesn’t see the economy bouncing back anytime soon and is warning portfolio companies to tighten their belts in the meantime. In a 52-page presentation seen by CNBC, the Sequoia lays out a litany of risks making it harder for founders to raise money and operate. The […]
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Trump must answer questions under oath in New York AG probe into business practices, appeals court says
Former President Donald Trump Carlos Barria | Reuters An appeals court on Thursday rejected a bid by former President Donald Trump and two of his adult children to avoid being compelled to answer questions under oath by investigators for New York Attorney General Letitia James as part of her civil investigation of Trump Organization business […]
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Cybercriminals target metaverse investors with phishing scams
A nurse in rural Maine. A fitness instructor in Colorado. A venture capitalist in Florida. All three invested in the metaverse, buying land they say they thought was a solid investment. “I was really excited about it,” said Kasha Desrosiers, a long-term care nurse. “And hopeful for, you know, whatever projects that would come out […]
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First-quarter GDP declined 1.5%, worse than thought; jobless claims edge lower
A ‘We’re Hiring!’ sign is posted at a Starbucks in Los Angeles, California. Mario Tama | Getty Images The U.S. economic contraction to start the year was worse than expected as weak business and private investment failed to offset strong consumer spending, the Commerce Department reported Thursday. First-quarter gross domestic product declined at a 1.5% […]
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Actor Kevin Spacey charged with sexually assaulting three men, U.K. prosecutors say
Kevin Spacey attends the Build Series to discuss his new play ‘Clarence Darrow’ at Build Studio on May 24, 2017 in New York City. Daniel Zuchnik | WireImage | Getty Images Actor Kevin Spacey has been charged with sexually assaulting three men in the U.K. from 2005 to 2013, Britain’s Crown Prosecution Service said Thursday. […]
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