Month: June 2022
Stock futures rise slightly as S&P 500 is poised for worst week since March 2020
Stock futures rose modestly on Thursday evening as Wall Street tries to find its footing after a brutal week of selling. Futures tied to the Dow Jones Industrial Average gained 103 points, or 0.3%. Those for the S&P 500 added 0.4%, while Nasdaq 100 futures climbed 0.5%. The moves come as investors are increasingly worried […]
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China’s tech regulation is getting more ‘rational,’ says top executive of JD.com
China’s annual 618 shopping festival sees domestic e-commerce giants including JD.com rack up billions of dollars of sales across their platforms. The 2022 edition comes against a backdrop of slowing economic growth in China and sluggish consumer spending. VCG | Getty Images EMBARGO to lift at 6am Singapore on Friday, June 17 Regulation on China’s […]
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Adobe shares move lower after full-year projections fall short
Shantanu Narayen, chairman and chief executive officer of Adobe Systems Inc., during a telecast of the SoftBank World event in Tokyo arranged in Kawasaki, Kanagawa Prefecture, Japan, on Thursday, Oct. 29, 2020. SoftBank World, the company’s annual two-day event for customers and suppliers, ends Friday. Akio Kon | Bloomberg | Getty Images Adobe shares fell […]
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Everyone knows inflation is on fire. This is what’s really fueling it
Meat is seen in a supermarket as rising inflation affects consumer prices in Los Angeles, California, June 13, 2022. Lucy Nicholson | Reuters Inflation doesn’t just happen at the gas pump and grocery store. There are literally hundreds of avenues that filter into broader measures the government uses to gauge price increases. The big three […]
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President Biden says a recession is ‘not inevitable’
President Joe Biden speaks during an interview with the Associated Press in the Oval Office of the White House, Thursday, June 16, 2022, in Washington. Evan Vucci | AP President Joe Biden told The Associated Press on Thursday that the American people are “really, really down” after a tumultuous two years with the coronavirus pandemic, […]
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Amid record inflation, 36% of employees earning $100,000 or more say they are living paycheck to paycheck
South_agency | E+ | Getty Images More than a third of high-earning American workers feel strapped for cash — a share that has risen dramatically in recent years. Thirty-six percent of U.S. employees with salaries of $100,000 or more are living paycheck to paycheck — twice as many who said they were in 2019, according […]
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TikTok exec: We’re not a social network like Facebook, we’re an entertainment platform
Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, October 23, 2019. Erin Scott | Reuters TikTok is fully aware that Meta CEO Mark Zuckerberg is retooling the Facebook and Instagram apps to be more like its own popular short video service. But TikTok has no interest in […]
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Fanatics hires former Dick Clark Productions CEO to lead its collectibles business
Dick Clark Productions CEO Mike Mahan (R) and guest attend the 2018 Billboard Music Awards at MGM Grand Garden Arena on May 20, 2018 in Las Vegas, Nevada. Jeff Kravitz | Filmmagic, Inc | Getty Images Sports platform Fanatics said Thursday that it has tapped former Dick Clark Productions CEO Mike Mahan to lead its […]
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In-demand teen workers are winning higher pay and more flexibility this summer
When Jennifer Sutton opened her small business, Guest Haus Juicery, in September 2021, she turned to teenage workers to fill gaps in the hiring market. Sutton initially thought her two teen employees would staff the register at her Park City, Utah-based cafe, but a tight labor environment forced Sutton to think differently about how she […]
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‘Lightyear’ bans over same-sex kiss are unlikely to have a major impact on the Pixar film’s global box office
Buzz Lightyear and his robot companion Sox embark on an intergalactic adventure in Pixar’s “Lightyear.” Disney More than a dozen Asian and Middle Eastern countries will not releases Disney’s “Lightyear” in movie theaters over an animated same-sex kiss, but the ban likely won’t have a major impact on the film’s global box office. “Lightyear” is […]
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