business news
Amazon’s smart grocery carts are coming to some Whole Foods stores
Amazon said Monday it’s launching the Dash Cart at a Whole Foods store in Massachusetts. Amazon Amazon is expanding its smart shopping carts to a Whole Foods store in Massachusetts, the company said on Monday. Amazon will initially roll out Dash Carts at a Whole Foods in Westford, Massachusetts, northwest of Boston, in the coming […]
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Stock futures are little changed as Wall Street looks ahead to the start of earnings season
Traders on the floor of the NYSE, June 27, 2022. Source: NYSE U.S. stock futures were little changed after hours Monday as Wall Street looks ahead to what many expect will be the start of a volatile second quarter earnings season this week. Dow Jones Industrial Average futures rose by 16 points, or 0.05%. S&P […]
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Moviegoers are leaving their couches for theaters, bringing summer box office sales close to pre-pandemic levels
It’s becoming clearer that audiences are no longer satisfied just sitting on the couch to watch movies. Not only are they returning to movie theaters in droves, theater operators say they’re opting for pricier tickets and spending more on concessions. Over the weekend, Disney’s newest Marvel Cinematic Universe film, “Thor: Love and Thunder,” opened to […]
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Twitter says Musk’s request to terminate the deal is invalid
Elon Musk, during an event at SpaceX headquarters in Hawthorne, California, U.S., on Thursday, Oct. 10, 2019. Bloomberg /Getty Twitter said Monday in a letter that Elon Musk’s bid to terminate his proposed $44 billion acquisition of the social media company is “invalid and wrongful.” The letter, addressed to Musk’s lawyers, followed the Tesla CEO’s […]
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Physicians must provide abortions in medical emergencies, regardless of state law, HHS says
Secretary of Health and Human Services Xavier Becerra testifies before the Senate Health, Education, Labor, and Pensions Committee hearing to discuss reopening schools during the coronavirus disease (COVID-19) at Capitol Hill in Washington, D.C., September 30, 2021. Shawn Thew | Pool | Reuters Physicians must provide abortions in medical emergencies under federal law and will […]
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UN to investigate the killing and wounding of children in Ukraine
A woman holds a child next to Russian soldiers in a street of Mariupol on April 12, 2022, as Russian troops intensify a campaign to take the strategic port city, part of an anticipated massive onslaught across eastern Ukraine, while Russia’s President makes a defiant case for the war on Russia’s neighbour. – *EDITOR’S NOTE: […]
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From $10 billion to zero: How a crypto hedge fund collapsed and dragged many investors down with it
As recently as March, Three Arrows Capital managed about $10 billion in assets, making it one of the most prominent crypto hedge funds in the world. Now the firm, also known as 3AC, is headed to bankruptcy court after the plunge in cryptocurrency prices and a particularly risky trading strategy combined to wipe out its […]
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Family offices have become a $6 trillion powerhouse in investing—and deal-making
The post-pandemic wealth boom has sparked an explosion in family offices, creating a new gold rush among Wall Street firms, private equity funds and investment advisors to manage the fortunes of the world’s richest families. Family offices now manage more than $6 trillion in wealth, according to some estimates, surpassing the estimated $4 trillion managed […]
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GameStop launches NFT marketplace as it hunts for growth in digital-fueled turnaround
NurPhoto | NurPhoto | Getty Images GameStop on Monday announced the long-awaited debut of its online marketplace for nonfungible tokens, or NFTs, in a bid to reinvent its business and cash in on consumer adoption of cryptocurrencies and blockchain technology. The platform, which is now open to the public for beta testing, allows users to […]
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You can test Apple’s big new iPhone update now, here’s how
Apple iOS 16 Source: Apple Apple released the first public beta version for iOS 16 on Monday. That means anyone with an iPhone 8 or newer can try an early version of the next big update for the iPhone, which is expected sometime this fall alongside new iPhone models. IOS 16 will let users customize iPhone’s […]
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