Wall Street was barely higher in early trading on a mostly quiet Tuesday as markets adjust to the reality that inflation is no longer the dominant theme of the U.S. economy. Futures for the S&P 500 and the Dow Jones industrials each rose about 0.1% before the bell. Several economic reports coming later in the … Read more
By encouraging everyday investors, also known as retail investors, to buy up GME stock and increase its price, hedge funds would have to sell out in order to cut their losses from having shorted the stock, which increases the stock price even further. “Hedge funds are getting their asses kicked by the retail investor,” Lindzon … Read more
Clearview AI, the facial recognition company that claims it’s scraped 3 billion images from the internet to power its face-matching system, has proposed applying its technology to everything from policing to retail to dating, according to a 2020 patent application that became public on Thursday. The patent filing was made in August — three months … Read more
“The Empress Wintour, in her power, has disappointed me in her humanity,” he wrote in his book. “Our friendship has layered with thick rust over the years. … I am no longer of value to her.” Following her apology this week, Talley remains unmoved. “She’s part of an environment of colonialism,” he recently told Sandra … Read more
Andrew, 35, Oregon Employment status: I work in the service industry — business dining, to be more specific. I was placed on furlough as of June 1, with our employer picking up health care premiums through the end of August, if you are on their plans. Luckily, I am on my wife’s plan which not … Read more
Lars Fruergaard Jørgensen, CEO of Novo Nordisk, speaks during an interview in New York on Aug. 10, 2022. Christopher Goodney | Bloomberg | Getty Images Novo Nordisk‘s top executive is slated to face a Senate grilling on Tuesday over the high prices of the company’s weight loss drug Wegovy and diabetes treatment Ozempic, as demand … Read more
Business & FinanceCommodities 15 July 2024, 2:09 pm 1 minute Reuters exclusively reported that trading houses face losses of at least $1 billion on cocoa derivatives after major producer Ghana failed to deliver beans this year, forcing traders to liquidate short positions in a rallying market. Market Impact Global cocoa prices soared this year after … Read more
Business & Finance 17 July 2024, 1:57 pm 1 minute Reuters exclusively reported that PricewaterhouseCoopers (PwC) is considering slashing up to half its financial services auditing staff in China as a regulatory investigation and an exodus of clients darken business prospects. The move follows Chinese regulators’ scrutiny of PwC this year for its role as … Read more
Getty Images Customers of retail bank TSB have taken to social media to say they have had problems with payments not going through to their accounts. Many said they had not received their child benefit on Tuesday, while others said they had not received their salaries. The bank said it was working on a fix … Read more
BBC Some residents in Torquay said they were worried they could face paying more overall when the trial started Some people put on a trial scheme to reduce water usage have said they were being “forced” to take part, as they could not opt out. The South West Water (SWW) trial involves two new tariffs … Read more