Former Formula One boss Bernie Ecclestone on Monday denied a fraud charge over his alleged failure to declare millions of pounds (dollars) in overseas assets. Ecclestone, 91, entered a not guilty plea as he appeared at Westminster Magistrates’ Court in London for a brief hearing. This MD’s New COPD “Lung… Read More
Adidas CEO to step down next year amid search for successor
Adidas CEO Kasper Rorsted will step down next year, the sports apparel maker said Monday, and the company has started looking for a successor. Rorsted, who has been CEO since 2016, and its supervisory board “mutually agreed” that he will hand over during the course of 2023, the Herzogenaurach, Germany-based… Read More
Global stocks lower before Federal Reserve meeting this week
Global stocks and Wall Street futures declined Monday as investors looked ahead to this week’s Federal Reserve conference for signals about more possible U.S. rate hikes to cool surging inflation. London and Frankfurt opened lower. Tokyo and Hong Kong declined. Shanghai, the only major market to advance, gained after China’s… Read More
UK broadcaster to air musical satire on Prince Andrew
Prince Andrew will be the subject of a satirical TV musical in the latest season of shows from U.K. broadcaster Channel 4. Queen Elizabeth II’s second son stood down from royal duties after a disastrous interview in November 2019 discussing his ties with the late child sex offender Jeffrey Epstein… Read More
Biden bills taxpayers for vacation home construction
Not only does President Joe Biden spend an inordinate amount of time at his vacation home in Delaware, but he also spends an inordinate amount of money there — your money, in fact. The Secret Service said it has spent $490,324 of taxpayer money for the “purchase and installation of… Read More
Apple warns of security hole in iPhones
Apple disclosed serious security vulnerabilities for iPhones, iPads and Macs that could potentially allow attackers to take complete control of these devices. Apple released two security reports about the issue on Wednesday, although they didn’t receive wide attention outside of tech publications. DRINK FILTERED WATER? Read this Now [Sponsored] Apple’s… Read More
Bed Bath & Beyond takes worrying new downturn
The newest meme stock on Wall Street, Bed Bath & Beyond, tumbled even further in after-hours trading Thursday after a high-profile activist investor confirmed that he’s bailed out of the stock. Ryan Cohen, the co-founder of Chewy who helped ignite a couple of meme stocks to jaw-dropping heights, confirmed in… Read More
Households take advantage of garden sitters this summer
Take my chard, please! The season has come when many home gardeners, their numbers booming since the pandemic began, are being rewarded with fully matured, ready-to-pick vegetables and flowers. It’s also vacation season, and this summer travel is back. How do you maintain your garden and take advantage of all… Read More
Housing market faces comedown; some buyers see relief
The housing market’s comedown from its high-flying days early this year is deepening, with home sales in July falling for the sixth straight month. Sharply higher mortgage rates, surging inflation and prices that remain near all-time highs are making homes less affordable. Sales fell 20.2% from July last year, reaching… Read More
First time ever: Streaming outpaced cable and broadcast last month
This summer has been a breakthrough for streaming, with the time viewers spent watching services like Netflix and Hulu outpacing broadcast and cable television networks in July for the first month ever. Viewers spent 35% of their time with streamers, 34% on cable networks and 22% watching broadcast television last… Read More
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