Month: July 2022
Facebook parent Meta raises price of its Quest 2 VR headset by $100
Facebook parent Meta has raised the price of its Quest 2 virtual reality headset by $100, as the company reckons with inflationary pressures. Meta announced the price increase on Tuesday via a Twitter post. Starting Aug. 1, the 128 GB version of the Quest 2 will cost $399, while the 256 GB model will cost […]
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Adidas cuts 2022 outlook on slower China recovery, potential for a global slowdown
Pedestrians walk by a large Adidas logo inside the German multinational sportswear shop. Miguel Candela | SOPA Images | LightRocket via Getty Images Adidas on Tuesday cut its financial forecast for 2022 as the sneaker and athletic brand suffers from a slower recovery in China and warned of the potential for a slowdown in other […]
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Bill to boost U.S. chip production and competition with China clears key Senate hurdle
US President Joe Biden during a virtual meeting on the Chips Act in the Eisenhower Executive Office Building in Washington, D.C., US, on Monday, July 25, 2022. Jemal Countess | Bloomberg | Getty Images A bipartisan bill to bolster domestic semiconductor manufacturing and boost U.S. competitiveness with China has cleared a key Senate vote, setting […]
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Stocks making the biggest moves midday: Walmart, Shopify, 3M, General Electric and more
Vehicles pass a Walmart store in Torrance, California, on Sunday, May 15, 2022. Bing Guan | Bloomberg | Getty Images Check out the companies making headlines in midday trading Tuesday. Walmart – Shares of Walmart slid more than 7% after the company cut its quarterly and full-year outlook, saying that inflation is shifting consumer spending […]
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After getting slammed by the Kardashians, Instagram CEO puts out a video to explain changes to the app
Adam Mosseri, CEO Instagram Courtesy: Adam Mosseri Instagram head Adam Mosseri shared a video on Twitter Tuesday explaining recent changes to the social media platform, a day after celebrities like Kylie Jenner and Kim Kardashian criticized the app for “trying to be TikTok.” Mark Zuckerberg, CEO of Meta, which owns Facebook and Instagram, has been […]
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Coinbase shares tumble after report that it’s facing SEC probe
People watch as the logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron at Times Square in New York, U.S., April 14, 2021. Shannon Stapleton | Reuters Shares of Coinbase dropped more than 15% Tuesday on reports that it’s facing an SEC probe into whether the platform […]
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Scientists identify likely cause of mysterious children’s liver disease
More than 1,000 children in 35 countries have developed an unidentified type of severe acute hepatitis — or liver inflammation — since the first case was reported in the January 2022. Yanukit Raiva | Eyeem | Getty Images Scientists in the U.K. say they have identified the likely cause of a recent outbreak of mysterious […]
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Historic rainfall in St. Louis leaves cars stranded on flooded streets and residents fleeing homes
John Ward, left, and a firefighter help Lynn Hartke wade through the flash floodwater on Hermitage Avenue in St. Louis on Tuesday, July 26, 2022. David Carson | St. Louis Post-Dispatch | AP St. Louis, Missouri, experienced historic rainfall Tuesday when a storm dumped more than 8 inches of rain, leading to widespread flash flooding […]
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Main Street lands record $154 billion in federal contracts, but fewer small businesses benefit
The federal government awarded $154.2 billion to small businesses in fiscal year 2021, an $8 billion increase from the previous fiscal year, according to data from the Small Business Administration released Tuesday. That’s a record 27.2% of total federal contracting funds, exceeding the government’s goal of 23%. “We are excited to see that more dollars […]
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How U.S. gun manufacturers market their firearms despite restrictions
On Wed., July 27, the House Committee on Oversight and Reform is holding a hearing with the CEOs of firearm manufacturers Daniel Defense, Smith & Wesson and Sturm, Ruger & Co. on the topic of gun violence in America, with a special focus on the sales and marketing of assault rifles. The hearing comes amid […]
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