Stocks are bursting toward their best day in years Thursday as exhilaration sweeps Wall Street and financial markets worldwide after a report showed inflation in the United States slowed last month by even more than expected. The S&P 500 was 4.7% higher in afternoon trading, and the encouraging report also… Read More
Snoop Dogg movie in the works with Universal Pictures
Snoop Dogg is getting a big-screen biopic. Universal Pictures announced Wednesday that the studio is developing a film about Snoop Dogg’s life to be produced by the 51-year-old rapper. The film will be written by Joe Robert Cole, who co-wrote the two “Black Panther” films, and directed by Allen Hughes,… Read More
Cryptocurrencies plunge amid this scrapped deal
Cryptocurrency prices plunged for a second-straight day after crypto exchange Binance said it was pulling out of a deal to purchase failing rival FTX Trading. Bitcoin sank to a two-year low after Binance confirmed earlier rumors and news reports that it was ready to back out of the FTX deal,… Read More
Elon Musk just made a $3.95B sale
Twitter’s new owner and Tesla CEO Elon Musk sold nearly $4 billion worth of Tesla shares, according to regulatory filings. Musk, who bought Twitter for $44 billion, sold 19.5 million shares of the electric car company from Nov. 4 to Nov. 8, according to Tuesday’s filings with the Securities and… Read More
Health insurance company subjected to big hack
Client data from Medibank, Australia’s largest health insurer, was released by an extortionist on Wednesday, including details of HIV diagnoses and drug abuse treatments, after the company refused to pay a ransom for the personal records of almost 10 million current and former customers. The material released on the dark… Read More
Sean Penn loans Oscar to Zelenskyy until Ukraine wins war
Actor Sean Penn, who is making a documentary about Russia’s invasion of Ukraine, has loaned one of his two Oscars to Ukrainian President Volodymyr Zelenskyy and told him: “When you win, bring it back to Malibu.” Zelenskyy’s office on Wednesday released the video of the encounter during Penn’s most recent… Read More
T. rex skull unearthed in South Dakota to be auctioned in NY
A Tyrannosaurus rex skull unearthed in South Dakota is expected to sell for $15 million or more at auction in New York next month, officials with Sotheby’s said Tuesday. The 200-pound (91-kilogram) skull fossil, nicknamed Maximus, is being sold Dec. 9 by an owner who wishes to remain anonymous, the… Read More
Zuckerberg follows in Elon Musk’s footsteps…
acebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday. The job cuts come just a week after widespread layoffs at Twitter under its new owner,… Read More
Powerball ticket snags $2.04B for a lucky resident of this state
Someone who bought a Powerball ticket in Southern California has won a record $2.04 billion Powerball jackpot after more than three months without anyone hitting the top prize. The winning numbers were selected Tuesday morning, nearly 10 hours after the scheduled Monday night drawing because of problems processing sales data… Read More
Adidas announces big CEO shakeup after dropping Kanye
Adidas has appointed Bjørn Gulden, the CEO of rival Puma, as its new chief executive, and he will take over the German sportswear brand in January as the company weathers the fallout from its split with the rapper formerly known as Kanye West. Gulden will replace Kasper Rorsted, Adidas’ CEO… Read More
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