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
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
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
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
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
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
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
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
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
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
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