Inflation in the United States slowed last month in a sign that the Federal Reserve’s interest rate hikes are continuing to cool the consumer price spikes that have bedeviled consumers for the past two years. Tuesday’s report from the Labor Department showed that lower gas prices helped cool overall inflation,… Read More
F1 race prompts revamp of the Las Vegas Strip
The famous fountains at the Bellagio won’t be very visible this week amid the roar of Formula One racing on the Las Vegas Strip, and gondoliers won’t be serenading tourists at the Venetian resort. “Fountains have been shut off, canals drained, streets closed or harder to navigate,” Michael Green, a… Read More
Hardware chain’s sales continue to slide but still top expectations
Home Depot sales continue to slide as Americans wrestle with persistent inflation and the company narrowed its outlook for the year. But the nation’s biggest home improvement retailer topped expectations for the quarter. Home Depot now expects earnings per share to decline between 9% and 11% in 2023 and same-store… Read More
Wall Street drifts ahead of reports on inflation and big retailers’ profits
Wall Street is drifting Monday to start a week that could bring more action to financial markets, with several big reports on the calendar. The S&P 500 was 0.2% lower in midday trading. The Dow Jones Industrial Average was virtually unchanged, as of 11 a.m. Eastern time, and the Nasdaq… Read More
Marvel Cinematic Universe reaches an unexpected new low at box office
Since 2008’s “Iron Man,” the Marvel machine has been one of the most unstoppable forces in box-office history. Now, though, that aura of invincibility is showing signs of wear and tear. The superhero factory hit a new low with the weekend launch of “The Marvels,” which opened with just $47… Read More
This social medium just shut down after years of abuse claims
Omegle, a video chat service that connects users with strangers at random, is shutting down after 14 years following ample misuse of the platform — particularly the sexual abuse of minors. In a lengthy statement announcing the site’s closure, founder Leif K-Brooks reflected on how Omegle was meant to connect… Read More
Hollywood’s strikes have ended as actors’ union reaches deal with studios
On Thursday, for the first time in more than six months, neither Hollywood’s actors nor its writers will be on strike. The long-awaited clearing in the industry’s stormiest season in decades comes as a deal was reached late Wednesday to end what was, at nearly four months, the longest strike… Read More
Disney reports sharp profit growth in the fourth quarter after cutting costs
Walt Disney Co. on Wednesday reported sharp profit growth for its fiscal fourth quarter while announcing an expansion of its cost-cutting drive under returning CEO Bob Iger. The results topped Wall Street expectations and sent shares in the entertainment and theme park company up more than 3% in after-hours trading…. Read More
Adidas may write off remaining unsold Yeezy shoes after breakup with Kanye
Adidas said it might have to write off the remaining 300 million euros ($320 million) worth of Yeezy shoes left unsold after it cut ties with rapper Ye, formerly known as Kanye West. The company will decide in the coming weeks whether or not to do a third release of… Read More
Nextdoor lays off 25% of full-time staff during cost-cutting measure
Nextdoor is laying off 25% of its full-time staff as the neighborhood-focused social network company cuts costs with its losses widening. The job eliminations are part of a larger cost reduction plan that aims to slash Nextdoor’s current personnel expenses by up to $60 million annually, the company said in… Read More
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