Day: August 17, 2022
WWE discovered Vince McMahon paid $5 million to Donald Trump’s foundation, report says
Vince McMahon (L) and Donald Trump attend a press conference about the WWE at the Austin Straubel International Airport on June 22, 2009 in Green Bay, Wisconsin. Mark A. Wallenfang | Getty Images Entertainment | Getty Images Former World Wrestling Entertainment boss Vince McMahon paid $5 million of around $20 million previously unrecorded expenses to […]
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Stocks making the biggest moves after hours: Cisco, Wolfspeed & more
A sign bearing the logo for communications and security tech giant Cisco Systems Inc is seen outside one of its offices in San Jose, California, August 11, 2022. Paresh Dave | Reuters Check out the companies making headlines in after hours trading: Cisco — Shares of the networking company advanced more than 3% following Cisco’s […]
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Cisco tops estimates on revenue and profit and gives optimistic annual sales forecast
Cisco issued fiscal fourth-quarter results on Wednesday that topped analysts’ projections and provided a better-than-expected forecast for the coming year. The stock rose 2.5% in extended trading. Here’s how the company did: Earnings: 83 cents per share, adjusted, vs. 82 cents per share as expected by analysts, according to Refinitiv. Revenue: $13.10 billion, vs. $12.79 […]
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Fetterman campaign says it raised $500,000 in 24 hours after Dr. Oz’s viral crudites video
Democratic U.S. Senate candidate John Fetterman speaks during a rally in Erie, Pennsylvania, August 12, 2022. Quinn Glabicki | Reuters Pennsylvania Lt. Gov. John Fetterman’s Senate campaign said it reaped a $500,000 fundraising windfall in just 24 hours after a much-mocked video of his opponent, Dr. Mehmet Oz, went viral. The spike in donations between […]
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CDC Director Walensky to reorganize agency after admitting Covid pandemic response fell short
Rochelle Walensky, MD, MPH, Director, United States Centers for Disease Control and Prevention; speaks during the COVID Federal Response Hearing on Capitol Hill on June 16, 2022 in Washington, DC. Joe Raedle | Getty Images CDC Director Rochelle Walensky is reorganizing the agency, saying it didn’t react quickly enough during the Covid pandemic, according an […]
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Fed sees interest rate hikes continuing until inflation eases substantially, minutes show
Federal Reserve officials at their July meeting indicated they likely would not consider pulling back on interest rate hikes until inflation came down substantially, according to minutes from the session released Wednesday. During a meeting in which the central bank approved a 0.75 percentage point rate hike, policymakers expressed resolve to bring down inflation that […]
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‘Flash’ star Ezra Miller’s apology is not a get-out-of-jail-free card, experts say
Actor Ezra Miller arrives at the premiere of Warner Bros. Pictures’ ‘Justice League’ at Dolby Theatre on November 13, 2017 in Hollywood, California. Axelle/bauer-griffin | Filmmagic | Getty Images Ezra Miller’s apology could be the first step in a potential redemption story, but there’s no guarantee it’ll have a satisfying ending. On Monday, the actor […]
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Stocks making the biggest moves midday: Bed Bath & Beyond, Krispy Kreme, Target and more
Scott Olson | Getty Images Check out the companies making the biggest moves midday: Target — Shares of the retailer slid more than 2% after its earnings missed Wall Street expectations by a wide margin. The company said its quarterly profit fell almost 90% from a year ago. However, Target reiterated its full-year forecast and […]
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Crypto broker Genesis slashes 20% of workforce and announces CEO exit after loans soured
Michael Moro, chief executive officer of Genesis, pauses as he speaks during the Bitcoin Conference 2022 in Miami Beach, Florida, April 6, 2022. Marco Bello | Reuters Digital asset brokerage Genesis said on Wednesday that CEO Michael Moro is stepping down and the company is slashing 20% of its workforce, the latest casualties as the […]
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Pharmacies must pay $650.6 million to Ohio counties in opioid case
A customer views merchandise for sale at a Walgreens store in the Hollywood neighborhood of Los Angeles. Christopher Lee | Bloomberg | Getty Images Pharmacy operators CVS, Walmart and Walgreens must pay a combined $650.6 million to two Ohio counties to address the damage done by the opioid epidemic, a federal judge ruled on Wednesday. The order […]
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