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Birkenstock stumbles on Wall Street as investors find sandal maker’s shares too pricey

Birkenstock stumbled in its stock market debut Wednesday, a day Wall Street traded in its wingtips for sandals. Some traders on the floor of the New York Stock Exchange donned the iconic opened-toed footwear, and Birkenstock CEO Oliver Reichert rang the opening bell, with people around him waving sandals in… Read More

October 13, 2023

Microsoft closes deal to buy video game maker Activision Blizzard after antitrust fights

Microsoft has completed its acquisition of video game-maker Activision Blizzard for $69 billion, closing one of the most expensive tech acquisitions in history that could have repercussions across the video game industry. The notice that the deal has gone through came seven hours after Microsoft got final approval from Britain’s… Read More

October 13, 2023

Hollywood studios break off strike talks with actors, who slam ‘bullying tactics’

Talks bitterly broke off between Hollywood actors and studios late Wednesday, killing any hopes that the three-month strike by performers would come to an end anytime soon. The studios announced that they had suspended contract negotiations, saying the gap between the two sides was too great to make continuing worth… Read More

October 13, 2023

Social Security benefits will increase in 2024… but not by much

Millions of Social Security recipients will get a 3.2% increase in their benefits in 2024, far less than this year’s historic boost. The cost-of-living adjustment, or COLA, means the average recipient will receive more than $50 more every month beginning in January, the Social Security Administration said Thursday. The AARP… Read More

October 12, 2023

Judge hears arguments from TikTok users who are challenging Montana’s ban

TikTok and Montana faced off in federal court on Thursday in a case filed by the video sharing app and five Montana content creators who want the court to temporarily block the state’s ban on the platform before it takes effect Jan. 1. Attorneys for TikTok and the content creators… Read More

October 12, 2023

Utah sues TikTok, alleging a capacity for addiction

Utah became the latest state Tuesday to file a lawsuit against TikTok, alleging the company is “baiting” children into addictive and unhealthy social media habits. TikTok lures children into hours of social media use, misrepresents the app’s safety and deceptively portrays itself as independent of its Chinese parent company, ByteDance,… Read More

October 11, 2023

Powerball jackpot up to $1.73 billion as losing streak goes through Monday

The Powerball jackpot climbed to an estimated $1.73 billion after no one matched the game’s six numbers Monday and won the giant prize. The winning numbers announced were: 16, 34, 46, 55, 67 and the Powerball 14. Is Your Job At Risk? [sponsored] There has been no winner for 35… Read More

October 10, 2023

Profits jump 14% in one quarter for… PepsiCo?

PepsiCo’s revenue rose 7% in the third quarter despite lower demand as the company continued to hike prices. Pepsi raised prices 11% in the July-September period, the seventh straight quarter that the Purchase, New York, company has increased prices by double-digits. Sales volumes fell 2.5%. Sponsored: Could Biden Order Americans… Read More

October 10, 2023

Powerball jackpot grows to $1.55B for Monday, with cash option for $679.8M

The Powerball jackpot has climbed to an estimated $1.55 billion for Monday night’s drawing after no one matched the game’s six numbers for the giant prize Saturday. The $1.55 billion prize is for a sole winner who is paid through an annuity, with annual checks over 30 years. Most jackpot… Read More

October 9, 2023

Sam Bankman-Fried’s top associate just took the stand, alleging conspiracy

Sam Bankman-Fried authorized the illegal use of FTX customers’ funds and assets to plug financial gaps at an affiliated hedge fund from the exchange’s earliest days, FTX’s co-founder Gary Wang told a New York jury on Friday, as prosecutors pressed their case that Bankman-Fried was the mastermind behind one of… Read More

October 9, 2023
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