Apple’s eked out a slightly higher profit last quarter even though sales dipped during the period, a showing that may not be enough to sustain investor enthusiasm that recently made the iPhone maker the first publicly held U.S. company to be valued at $3 trillion. The results released Thursday covered… Read More
Global food prices rise as Russia ends grain deal and India restricts rice exports
Global prices for food commodities like rice and vegetable oil have risen for the first time in months after Russia pulled out of a wartime agreement allowing Ukraine to ship grain to the world, and India restricted some of its rice exports, the U.N. Food and Agriculture Organization said Friday…. Read More
Hunter Biden ‘art’ buyer has a seriously alarming history
by Frank Holmes, reporter The art house walls are closing in on Joe Biden. Yet another Biden family financial scandal has broken: President Biden handed a cushy government appointment to a woman who purchased one of First Son Hunter Biden’s pricey “artworks.” Biden appointed Elizabeth Hirsh Naftali to the Commission… Read More
Tom Brady enters the world of soccer, English club announces Thursday
NFL star Tom Brady has become a minority owner of English second-tier soccer team Birmingham and wants to bring a winning mentality to an underperforming club. The seven-time Super Bowl champion has partnered with the club’s holding company, U.S.-based Knighthead Capital Management, and becomes chairman of a new advisory board,… Read More
Man is charged with cheating Home Depot stores out of $300,000 with door-return scam
A Connecticut man was given nearly $300,000 in fraudulent Home Depot credit by walking into stores in several states, taking expensive doors and then returning them without a receipt, federal prosecutors allege. Alexandre Henrique Costa-Mota, 26, of West Hartford, Connecticut, was detained without bail after a judge entered not-guilty pleas… Read More
Adidas brings in $437 million from selling Yeezy shoes that will benefit ADL
Adidas brought in 400 million euros ($437 million) from the first release of Yeezy sneakers left over after breaking ties with Ye, the rapper formerly known as Kanye West, as the German sportswear maker tries to offload the unsold shoes and donate part of the proceeds to groups fighting antisemitism… Read More
Feds suddenly raided Trump ally’s house
Federal law enforcement agents executed a search warrant and served a federal grand jury subpoena to WWE Executive Chairman Vince McMahon, according to a regulatory filing. McMahon, husband to a former cabinet member of President Donald Trump and a top Trump donor, is also taking medical leave from the sports… Read More
Mark Jackson laid off by ESPN, with replacement reportedly in the works
Add Mark Jackson to the list of ESPN reporters and commentators who have been laid off over the past five weeks. Jackson was let go on Monday with two years remaining on his contract. With Jeff Van Gundy also being laid off in late June, ESPN is expected to replace… Read More
Amazon starts offering grocery delivery for customers who aren’t Prime members
Amazon has begun offering its Fresh grocery delivery service to customers who aren’t Prime members. The initial rollout will only be available in a dozen cities, including Boston, Phoenix, Dallas and San Francisco, the company told customers Wednesday in an emailed announcement. Previously, Amazon had only offered grocery deliveries for… Read More
Gas prices rise amid extreme heat and cuts to oil production
Drivers are in for another headache at the pump as U.S. gas prices continue to rise. The national average for gas prices stood at about $3.78 a gallon on Tuesday — about 25 cents higher than that seen one month ago, according to motor club AAA. While today’s prices at… Read More
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