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    Allen Weisselberg, Donald Trump's longtime financial chief, is expected to plead guilty on Thursday in a deal that will require him to testify against the former president's company. Under the terms of the agreement, Weisselberg, who was facing up to 15 years in prison, will spend as little as 100 days behind bars, The New York Times reported. It does not require Weisselberg to turn on Trump himself. But the former financial officer at the Trump Organization will have to admit to all 15 felonies he was charged with and will have to testify about his role in a scheme to avoid paying taxes on lavish corporate perks. That testimony will make Weisselberg a central witness in the October trial of the Trump Organization, where it will face many of the same charges. He is not expected to implicate the former president nor any Trump family members in his testimony. But the acknowledgment from one of the Trump Organization’s top executives that he committed the crimes will undercut any effort by the company’s lawyers to argue that no crime was committed....
    This is the horrific moment a teenage girl fell to her death from a carnival ride in the western Honduras province of Santa Bárbara on Sunday. Britany Fernández, 13, can be seen in the video sitting with other family members as the pendulum of the ride known as 'Jupiter' moved back and forth, swinging the spinning wheel from the air to a couple of feet just above the platform as her family recorded. The wheel was positioned upside down when Fernández suddenly slips from her seat and crashes to the platform. Loud screams can be heard in the background with an adult moving a child back before the video comes to an end. Fernández was pronounced dead at the scene by paramedics.  WARNING GRAPHIC CONTENT  Britany Fernández was killed Sunday night in Santa Bárbara, Honduras, after falling from a carnival ride. The 13-year-old was accompanied by her mother and family members when the security bar on her seat loosened, which caused her to slip out and land on a platform below Still image of the Honduran carnival ride that 13-year-old...
    Apple is reportedly considering producing its Apple Watch and MacBook in Vietnam for the first time, in a move that would lessen the company's dependence on China amid rising international tensions. Apple's key suppliers for the watches and laptops have started test production of Apple Watch in northern Vietnam, Nikkei Asia reported on Tuesday, citing people familiar with the matter. It follows weeks of escalated rhetoric from Beijing following Speaker Nancy Pelosi's visit this month to Taiwan, the self-governed island that China claims as its territory.  Apple, the biggest US company, has long been dependent on Chinese factories, but according to the new report, its Chinese supplier Luxshare Precision Industry and Taiwan-based Foxconn are exploring the new production lines in Vietnam. In 2016, Apple struck a $275billion deal with Chinese authorities - which would allow the tech giant to grow most of its operations in the county while also doing 'its part to develop China's economy and technological prowess through investments, business deals and worker training.'   Apple CEO Tim Cook is seen in a visit to an overseas supplier. The company is...
    In this article A ADI TTWO TDOC SAN-FR BBBY TGT DNUT Scott Olson | Getty ImagesCheck out the companies making the biggest moves midday: Target — Shares of the retailer slid more than 2% after its earnings missed Wall Street expectations by a wide margin. The company said its quarterly profit fell almost 90% from a year ago. However, Target reiterated its full-year forecast and said it is now positioned for a rebound. Bed Bath & Beyond — Shares of the meme stock jumped about 22% on Wednesday, continuing a torrid August rally for the challenged retailer. The stock has seen abnormally high trading volume and is the most popular topic on Reddit page WallStreetBets. Krispy Kreme — The doughnut chain slid 13% midday after it reported quarterly results that included lower-than-expected profit and revenue. The company also said it has seen significant deceleration in commodity costs in recent weeks. Weber — Shares of the grill maker dropped more than 8% after Citi downgraded Weber to sell from neutral. The company's weak sales outlook and dwindling cash on hand...
    KATIE Price’s glam horse wear range has just £636 cash in the bank after 18 months of trading, new accounts reveal. The 43-year-old's KP Equestrian range sells goods including £39.99 riding leggings, £53 body warmers, hoodies costing £40 and a range of T-shirts and other tops for women, men and kids. 2Katie Price's equestrian fashion firm has got off to an underwhelming startCredit: w8media Katie launched the venture after it was revealed the bankrupt star owed more than £3 million. On her website, Katie tells shoppers: “Horses have always been a big part of my life since I was a little girl. I used to spend hours at the yard when I was a teenager grooming, mucking out, learning to ride, trimming, practising my plaiting, hanging out with friends, grooming again and just being around the horses. “As my life got busier and more hectic, I always made time for the horses, as it’s the only place where I could fully switch off and just enjoy my hobby. Horses are my happy place and where I can take time out...
    By Martine Paris | Bloomberg Celebrity chef Ayesha Curry has joined the board of home-gardening startup Back to the Roots, a tie-up that could help the company reach more Gen Z customers. Curry, a Food Network host who started her cooking career by posting videos on YouTube, said she’ll draw on her expertise building brands as a board member of the Oakland -based company. Back to the Roots expects to sell $100 million worth of gardening products this year and plans to collaborate with Home Depot Inc. and the salad chain Sweetgreen Inc. on programs to expand its reach with younger consumers. “I love watching something grow from seeds and soil,” Curry said in an interview. The company has raised $41.6 million from high-profile backers including Toms Shoes founder Blake Mycoskie, Peter Guber, co-owner of the Golden State Warriors, Saudi Prince Alwaleed Bin Talal and actress Alyssa Milano, according to co-Chief Executive Officer Alejandro Velez. Curry has been involved with Back to the Roots for seven years and invested in its $20.2 million Series D round, which closed in April. Velez declined to comment on the company’s valuation...
    WWE have released a raft in 2022 but with Triple H now in charge, we have seen some of them return. Lots of talent was cut after WrestleMania with budget cuts given as the reason despite record profits for the company. 4William Regal was released by the WWE and is now in AEWCredit: AEW Several of the released stars are now in rival promotion AEW such as William Regal, Samoa Joe and Malcolm Bivens. Cesaro has also joined them after the expiration of his contract with Harland also making the leap to Tony Khan’s company. Since the retirement of Vince McMahon, Triple H has brought back several released talents already including Dakota Kai and Dexter Lumis. He also brought back Hit Row who were released in 2021 albeit minus their leader Swerve Strickland. READ MORE ON WWE1-2-PHWOAR Ten superstars who swapped WWE for porn such as Chyna, X-Pac, Gangrel and Sunny WWE releases in 2022 January William Regal (Released on January 5)Road Dogg (Released on January 5)Timothy Thatcher (Released on January 5)Danny Burch (Released on January 5)Hideki Suzuki (Released on...
    Facebook Leonard Nimoy and John de Lancie A cliche states, “some things are so old that they become new again.” It could be the case that listeners of podcasts and audiobooks are helping to revive the leading form of entertainment before television — radio. While podcasts and audiobooks are transmitted through the internet and are played on gadgets like iPhones and other devices, the idea is pretty much the same. Back in the 1920s and ’30s, people in the United States and worldwide tuned into their favorite programs on the radio. Much like later television programs, radio featured a variety of genres and scripted drama for different audiences. According to the Digital Public Library of America, the so-called Golden Age of Radio peaked during the Great Depression and World War II. In those times, fans could tune into regular broadcasts of shows like the mysterious “Shadow,” featuring the voice of Orson Welles. Comic book characters like “Superman” were popular, and so were science fiction heroes like Buck Rogers and Flash Gordon, according to the Old Time Radio Catalog.  Since “Star...
    Apple has laid off many of its contract-based recruiters after warning that it would slow hiring and rein in spending, according to a new report. In the past week, Apple let go about 100 contractors responsible for vetting and hiring new employees, people familiar with the matter told Bloomberg on Monday. The downsizing step was unusual for the most valuable company in the US, but follows moves by a slew of tech giants to cut costs in preparation for an economic slowdown, including Meta, Alphabet, Amazon and Tesla. Last month, Apple reportedly warned staff of plans to slow hiring and spending growth next year in some divisions. Apple has reportedly laid off many of its contract-based recruiters after warning that it would slow hiring and rein in spending. CEO Tim Cook is seen above Apple, headquartered in Cupertino, California (above) had about 154,000 full-time equivalent employees as of its last report A spokesperson for Apple did not immediately respond to a request for comment from DailyMail.com on Tuesday afternoon.  As of its last annual report, the Cupertino, California-based company had about 154,000...
    AMERICAN Airlines has just bought 20 supersonic planes that could zoom from the UK to the US at unprecedented speeds. The company confirmed the purchase in a tweet, which asked customers if they'd like to fly from Miami to London in less than five hours. 3The world’s fastest jetliner dubbed the ‘son of Concorde’ will cross the Atlantic in 3.5 hours.Credit: Boom Supersonic 3Boom Supersonic announced major milestones on its path to sustainable, supersonic flight.Credit: Boom Supersonic Mock-ups of the new high-speed airplane were previously released at the Farnborough International Airshow in the UK. The renderings were shared by American aviation company Boom Supersonic which has ambitions of developing both sustainable and supersonic flights. American Airlines has just confirmed its partnership with Boom Supersonic and says its creation will fly "2x the speed of today’s fastest commercial jets". Dubbed Overture, the airplane will reportedly be able to fly passengers from the United Kingdom to the United States in just 3.5 hours. Read more on aviationSKY'S THE LIMIT I design airplane seats - my double-decker idea could change how you flyBAD...
    In this article BBBY HD NUN-MX SNOW ALLY BHP Vehicles pass a Walmart store in Torrance, California, on Sunday, May 15, 2022.Bing Guan | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading. Walmart, Home Depot — The retailers' shares rose about 5% each after both companies reported better-than-expected earnings for the most recent quarter. That lifted other retail stocks, which led market gains. Bath & Body Works jumped 6%. Target and Best Buy each added about 5%. Ross Stores, Lowe's and TJX Companies climbed about 3% each. Bed Bath & Beyond — The home retailer's shares skyrocketed about 64%. At its highest, shares added more than 70% to touch an intraday high of $28.60 Tuesday amid multiple trading halts due to volatility. The rally came as retail traders active on social media piled into the stock, encouraged by news that GameStop chairman Ryan Cohen placed another bet on the struggling retailer. Nu Holdings — Shares of the Warren Buffett-backed digital banking company surged more than 23% after the firm reported quarterly revenue that rose 230% from...
    Amazon.com Inc. packages sit in front of a FedEx Corp. delivery truck in New York.Christopher Lee | Bloomberg | Getty Images In its latest effort to contend with soaring inflation, Amazon is planning to raise fulfillment fees during the holiday season, passing off some of its increased costs to the millions of merchants who rely on the site to sell their products. Starting Oct. 15, and running through Jan. 22, third-party sellers who use Fulfillment by Amazon, or FBA, will have to pay 35 cents per item sold in the U.S. or Canada, the company said Tuesday in an email to sellers. For merchants using FBA, Amazon handles the process of picking, packing and shipping items. The holiday fee comes on top of existing charges that sellers pay for using FBA services. Those costs vary depending on an item's size, category and weight. Amazon said it's implementing an added holiday surcharge for the first time as "expenses are reaching new heights," making it harder for the company to absorb costs tied to the peak shopping season. "Our selling partners...
    Prohibited from profiting off football by the NCAA, University of Nebraska freshman receiver Decoldest Crawford is instead putting his unique name to good use as a pitchman for a local air conditioning company. 'Take it from Decoldest, we will keep you cool,' Crawford said in a viral ad for Omaha-based SOS Heating and Cooling. The NCAA still bars student athletes from being paid for their respective sports, but a 2021 decision to lift restrictions on name, image, and license (NIL) deals has created similar opportunities for all levels of college jocks. Crawford, himself, was an elite recruit out of Shreveport, Louisiana before choosing Nebraska over other football powerhouses, such as USC, LSU, and Michigan State. Prohibited from profiting off football by the NCAA, University of Nebraska freshman receiver Decoldest Crawford is instead putting his unique name to good use as a pitchman for a local air conditioning company Of course, it's his name that made Crawford the perfect pitchman for SOS. 'I'm so glad we called SOS,' the viral ad began with a woman speaking to an infant. 'Our AC...
    As a candidate for mayor, real estate developer Rick Caruso has spoken of the need to keep entertainment productions within the city of Los Angeles. But as a businessman, Caruso is enmeshed in a fight over plans to modernize and expand L.A’s storied CBS Television City studios, located next to the Grove, the flagship retail complex Caruso developed two decades ago. In a letter to neighbors sent earlier this month, the Grove and the adjacent Original Farmers Market expressed “profound concern” about the plan for overhauling Television City, calling it a “massively scaled, speculative development which, if approved, would overwhelm, disrupt, and forever transform the community.” Both entities urged recipients to visit a website and social media accounts for the Beverly Fairfax Community Alliance, a group that opposes the studio project — and counts the Grove as a member. The development battle could complicate Caruso’s message as a businessman focused on strengthening the region’s economy. And it raises questions about how Caruso, if elected, would respond to businesses whose activities are potentially at odds with his company’s interests. A campaign...
    In this article BHP-AU PHIA-NL MASI WMT HD ALLY VIDEO1:3801:38News Update – Pre-MarketsNews BriefingCheck out the companies making headlines before the bell: Home Depot (HD) – Home Depot reported a quarterly profit of $5.05 per share, 11 cents above estimates, with revenue and comparable store sales also topping Street forecasts. However, the number of customer transactions fell during the quarter. Home Depot moved between gains and losses in premarket trading. Walmart (WMT) – Walmart rallied 3.4% in premarket trading after reporting better-than-expected top and bottom line results for the second quarter. Comparable store sales also beat estimates, and Walmart projects adjusted earnings will fall slightly less this year than previously thought. Masimo (MASI) – Masimo gained 2.3% in premarket action after activist investor Politan Capital Management took a 9% stake in the medical technology company. Politan plans to push Masimo to take actions that improve its stock price. Philips (PHG) – Philips shares were up 2.6% in the premarket after the Dutch health technology company announced that CEO Frans van Houten will leave that job on October 15. He'll...
    A Starbucks location in Lakewood was a “site of collective joy” Monday morning as union members gathered at the picket line to strike against the company’s “unfair labor practices.” Tyler Keeling, a barista trainer who is the Lakewood store’s lead organizer, described an aura of community and solidarity among union members as they gathered at 4 a.m., chanting phrases such as “Hey, Hey, Ho, Ho, Howard Schultz has got to go!” and holding signs that read, “No contract, no coffee.” Workers “who weren’t sure what a union even was before are out here leading the chant and celebrating and holding signs and picketing together,” Keeling said. “We have all these people from different unions and organizations supporting us. There’s just this joy that we all share right now.” The Lakewood store, at 4833 Candlewood St., and another location in Barstow, at 2834 Lenwood Road, began their one-day strike Monday. These stores’ workers joined union members who work at a Santa Cruz location and began a three-day strike Saturday. The Santa Cruz location, on Ocean and Water streets, along...
    Ousted WeWork founder Adam Neumann has drummed up major interest in his mystery real estate venture, securing $350 million in funding from Silicon Valley investors, valuing the company at $1 billion before it even opens its doors. Neumann, 43, has said over the past few months he plans to create a widely-recognizable apartment brand stacked with community features to lure in the same kind of young professionals who have taken advantage of WeWork's co-working spaces. Still, not much is known about his plans for Flow, which is set to debut in cities like Atlanta, Miami and Nashville next year. A website for the project just says: 'Live life in Flow. Coming 2023.' But despite the public vagueness of the project, Flow has already generated a lot of interest, with Andreessen Horowitz, a prominent Silicon Valley venture capital firm that was an early investor in Facebook and Airbnb, valuing it at $1 billion. The firm has now invested about $350 million into the company — the largest individual check it has ever written in a round of funding to a corporation, the New...
    More On: the hamptons Former Gov. Andrew Cuomo helps stalled 1969 Corvette in Hamptons Scarlett Johansson shows off tattoos in red bikini in the Hamptons Michael Rubin’s girlfriend, Camille Fishel, launches yoga line with Phat Buddha Socialite Stacy Engman in NFT ‘stalker attack’ at Hamptons benefit Tsk, tsk, Tisch! The Suffolk County Water Authority has published a list of the Hamptons’ biggest water wasters — and readers will be stunned to learn a number of billionaires are on it, with James Tisch near the top. While the average home uses 130,000 gallons of water a year, the Southampton mansion belonging to the president of Loews Corp. gulped down seven million gallons last year. Other aquatic offenders include media mogul James “Sprinkelstein” Finkelstein at four million and real estate guru Robert “The Tub Man” Taubman (we assume he takes a lot of baths) at six million. Joann Richter — the wife of Oscar-winning Hollywood screenwriter Akiva Goldsman, who penned “A Beautiful Mind” and “Cinderella Man” — also got dunked for her nine million gallon guzzle. Sun...
    In this article MRO GILD FCX MRNA Disney World celebrated its 50th anniversary in April 2022.Aaronp/bauer-griffin | Gc Images | Getty ImagesCheck out the companies making headlines in midday trading Monday. Poshmark — Shares of the secondhand fashion retailer jumped 15% after Barclays upgraded them to overweight from equal weight. The firm said it sees more than 40% potential upside for the stock, especially if consumers trade down in a recession. Disney – Shares of the entertainment company gained 2.8% after Daniel Loeb's Third Point took a new stake in the giant. In a letter to Disney CEO Bob Chapek, the activist investor said there is a strong case that sports network ESPN should be spun off. Loeb also called on Disney to accelerate integrating streamer Hulu. Vroom – Shares of automotive sales platform Vroom shed 6% after JPMorgan said it's time to sell the company, which has shed more than 80% this year so far. The firm took a bearish stance on the used car industry as well, seeing it struggling in a potential recession. Unity, AppLovin – Unity Software fell...
    by Jack McEvoy   Strive Asset Management’s anti-activist, energy exchange-traded fund (ETF) raked in over $60 million in funds in its first two days of trading, according to the company’s website. Strive’s U.S. energy index fund ($DRLL), which invests heavily in fossil fuels in an effort to combat environmentally focused investing, launched Tuesday on the New York Stock Exchange (NYSE) and was one of the exchange’s largest launches of its kind, according to a company letter to investors. Strive hopes that the early success of the fund will help “unlock” value in the domestic energy sector by mandating firms to focus on “profits over politics,” according to the company’s website. “Large asset managers have mandated energy companies to produce less oil and gas which has led to a generational energy crisis” Vivek Ramaswamy, founder of Strive, told CNBC. Energy producers can halt the crisis if they are “liberated” from ESG mandates, according to Vivek. The fund’s significant gains come amid a recent prevalence of fiduciary efforts to enforce environmental, social and corporate governance (ESG) standards upon funds in order to stop investments in fossil...
    Confluent Co-Founder and CEO Jay Kreps appears at the company's sales kickoff in Las Vegas on Feb. 8, 2022.Confluent Investors looking to get into beaten-down cloud stocks at bargain basement prices may have missed their opportunity. Scanning the cloud software market, which tanked to start the year, numerous stocks have jumped 50% from their lows. The WisdomTree Cloud Computing Fund, a sector-wide basket, has risen 26% in the past three months, while the S&P 500 is up less than 9% over that stretch. The cloud index is still badly underperforming the broader market for the year. The macro data remains unfavorable for cloud companies, which ran up during the pandemic when interest rates were low and investors were paying big premiums for growth. Now, with the Fed in the midst of a hike cycle and inflation near a 40-year high, profits are at a premium as are dividends and products that consumers need in good times and bad. However, even as cloud stocks were selling off at a dizzying pace in the first half of 2022, the companies behind those...
    It has lost over a million subscribers, seen a slump in shares and now lost its title as the world's biggest streaming giant. So it is little surprise that some are questioning whether this the beginning of the end for Netflix. In the same way the online video trailblazer once put the final nail in the coffin of Blockbuster, experts have warned that it too may follow suit unless it is able to reverse its post-pandemic fortunes. Yesterday, Disney edged past Netflix with a total of 221 million streaming subscribers at the end of the most recent quarter — figures that included its general audience television platform Hulu and the sports-focused ESPN+. That contrasts with 220.7 million for rival Netflix, which has been haemorrhaging customers since the start of the year.  Paolo Pescatore, a tech and media analyst at PP Foresight, told MailOnline Netflix 'needs to diversify its business' if it is to survive. It has lost over a million subscribers, seen a slump in shares and now lost its title as the world's biggest streaming giant. So many analysts are...
    Exercise equipment and apparel for sale at the Peloton showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021.Adam Glanzman | Bloomberg | Getty Images Check out the companies making the biggest moves midday: Peloton — Shares of Peloton jumped 6% after the company told employees it was cutting about 780 jobs, raising prices on some equipment and closing a number of retail stores. Illumina — The gene-sequencing technology company dropped more than 9% after reporting lower-than-expected second-quarter profit and revenue. Illumina also issued an outlook that fell short of analyst estimates. New York Times — Shares of the newspaper fell 3%, retreating from a near 11% rally in the previous session. Thursday's rally came after activist investor ValueAct Capital took a 6.7% stake, pushing the publisher to charge more for subscriber-only content. Toast — Shares of the payment tech company jumped more than 12% after it raised its earnings outlook for the year. The company also reported a loss for the latest quarter, but it was narrower than what analysts had anticipated. Rivian — Shares of the electric vehicle...
    A woman has revealed several secret ways she predicted her company would conduct layoffs months in advance - including hiring freezes, odd behavior and budget cuts, and shared them in a viral TikTok video Eve, known as @adminandeve on TikTok, from New York, knew she was getting laid off several months before her company announced it and she shared the 'warning signs' in a viral video. In the video, which racked up over 112,000 views, she shared with her 112,000 followers how to spot the signs, prompting many viewers to share their own advice in the comments section.  Eve, from New York, has revealed several secret ways she predicted her company would conduct layoffs months in advance in a viral TikTok video Known as @adminandeve on TikTok, knew she was getting laid several months in advance and shared the 'warning signs' in a video In the video she shared how to spot the signs, prompting many viewers to share their own advice in the comments section @adminandeve How to see the signs of layoffs before it gets to that point!...
    Samsung Galaxy Z Fold 4Samsung The head of Samsung's mobile business, Roh Tae-moon, recently explained to The Wall Street Journal why folding phones are so important to the company's business. Roh said in the report that Samsung's foldable phones are attracting three times more brand switchers than Samsung's regular Galaxy S phones. That means people are moving away from other phone makers, whether it's Apple, Xiaomi or Oppo, and instead buying Samsung phones. "We consider this to be a quite meaningful percentage and a positive sign," Roh told The Wall Street Journal. "This is about switchers from other brands, not Samsung Galaxy device users switching to another Galaxy device." Samsung unveiled the latest versions of its foldable phones on Wednesday, the Galaxy Z Fold 4 and Galaxy Z Flip 4. The new phones fold in half. The larger of the two, the Galaxy Z Fold 4, opens up to reveal a screen the size of a small tablet. Samsung hopes to make the potential brand switcher "mainstream," according to its most recent earnings statement. It's aiming for foldable phone sales to surpass...
    New York (CNN Business)Johnson & Johnson is abandoning talc-based baby powder next year and instead will make it with cornstarch. Its talc-based powder, which hasn't been sold in the United States and Canada since 2020, is at the center of tens of thousands of lawsuits filed by women who have developed ovarian cancer after using regular talcum powderJohnson & Johnson says it remains confident in the safety of the product. But, in a statement Friday, the company said it would stop selling talc-based powder around the world next year as part of a "worldwide portfolio assessment." "We continuously evaluate and optimize our portfolio to best position the business for long-term growth," the company said in a statement. "This transition will help simplify our product offerings, deliver sustainable innovation, and meet the needs of our consumers, customers and evolving global trends."A handful of talcum powder companies have put warning labels on their products, but Johnson & Johnson (JNJ) argued such a label would be confusing, because it stood by its product. Some scientific studies have shown that women have an increased...
    In this article UP POSH TOST ILMN RIVN HNST VIDEO1:2301:23News Update – Pre-MarketsNews BriefingCheck out the companies making headlines before the bell: Honest Company (HNST) – Honest Company's stock rose 1.6% in the premarket in spite of a wider-than-expected quarterly loss. The natural consumer products maker now sees a wider full-year loss than previously thought, due to cost pressures, but expects improvement as the year goes on, including positive adjusted earnings for the fourth quarter. Rivian Automotive (RIVN) – Rivian shares fell 1% in premarket trading after the electric vehicle maker widened its loss estimate for 2022. It also affirmed prior production guidance. Illumina (ILMN) – Illumina tumbled 14.7% in the premarket after the gene-sequencing technology company reported quarterly profit and revenue that was lower than expected, and issued an outlook that was well short of analyst estimates. Illumina said a challenging economic environment is offsetting growth in the use of its gene-sequencing platform. Toast (TOST) – Toast surged 12.9% in premarket action after the restaurant payment technology company raised its full-year earnings outlook. Toast reported a quarterly loss,...
    McDonald's has said it will reopen branches in Ukraine to restore an 'important sense of normalcy' in the country six months after restaurants closed when Russia invaded.  It said on Thursday that it will reopen some restaurants in Kyiv and western Ukraine, where businesses are trading away from the fighting. Businesses open in Kyiv include Nike, KFC and Mango. McDonald's closed its Ukrainian restaurants because of the war but has continued to pay more than 10,000 employees in the country.  Its decision to reopen some of the branches is also a symbol of support for Ukraine after it suspended McDonald's operations in Russia in March. The company closed its Ukrainian restaurants but has continued to pay more than 10,000 McDonald's employees in the country. Pictured: A closed McDonald's restaurant in February in Kyiv  It said on Thursday that it will reopen some restaurants in Kyiv and western Ukraine, where businesses are trading away from the fighting. Pictured: The aftermath of a rocket strike in Kharkiv Paul Pomroy, corporate senior vice president of international operated markets said in a message to...
    A selection of men's clothes packaged by Trunk Club, which was shuttered earlier this year after Nordstrom bought the personal styling service in 2014.Source: Trunk Club After earning a master's degree a decade ago, David Hill wanted to amp up his personal style and signed up for the Trunk Club, which promised to mail him boxes of clothing tailored to his tastes as often as he liked. Hill would visit the company's Chicago showroom to meet with a stylist and pick outfits he could wear to the office or for special occasions. The stylist helped him design a custom suit and sent handwritten notes to check how he was liking his clothes, turning Hill into a loyal customer. Then the Covid-19 pandemic hit. "At the beginning, they were trying to tell me to buy sweatpants and joggers," he said. But Hill, 41, no longer needed new clothes since he was working from home and barely going out, and he canceled his subscription. Not that long ago, major retailers were scrambling to get in on the subscription craze sweeping the apparel...
    The granddaughter of the Walt Disney Company's co-founder has accused the company of turning a blind eye to Harvey Weinstein's sexual misconduct, as the disgraced mogul's youngest accuser press forward in her lawsuit naming Disney. Outspoken heiress Abigail Disney claimed in an interview with Rolling Stone that 'Harvey was an open secret' when Disney owned Weinstein's Miramax studio from 1993 to 2010. Abigail Disney spoke out in connection with a lengthy profile of Kaja Sokola, who was just 16 in September 2002, when she says Weinstein sexually assaulted her in his New York apartment. Sokola has one of the last pending misconduct lawsuits against Weinstein, which she filed in 2019 -- and which also accuses Disney of failing to investigate or stop Weinstein. Kaja Sokola was just 16 in September 2002, when she says Weinstein sexually assaulted her in his New York apartment Outspoken heiress Abigail Disney claimed in an interview with Rolling Stone that 'Harvey was an open secret' when Disney owned Weinstein's Miramax studio Abigail Disney, who owes her fortune to the company her grandfather founded, but has frequently spoken...
    R.J. Scaringe, Rivian's CEO, introduces the world to his company's R1T all-electric pickup and all-electric R1S SUV at the Los Angeles Auto Show in Los Angeles, California, November 27, 2018.Mike Blake | Reuters Check out the companies making headlines after the bell:  Rivian Automotive — The electric vehicle maker rose 3.1% in after-hours trading after beating revenue estimates and posting a smaller-than-expected loss in the latest quarter. Rivian reaffirmed its delivery estimates for the year but said it expects a larger loss than anticipated as it grapples with supply chain constraints. Toast — Toast soared more than 10% in extended trading after sharing positive guidance for the current quarter and full year. Revenue for the latest quarter came in at $675 million, topping the $651 million expected by analysts surveyed by Refinitiv. Poshmark — Poshmark slid 5.7% post-market after reporting a wider-than-expected loss in its most recent quarter. Poshmark topped revenue estimates but gave a weak revenue outlook for the current quarter. Illumina — Illumina slumped nearly 23% postmarket after the company missed top- and bottom-line estimates in the...
    In this article CAHCustomers are socially distanced on rides like the Wonder Woman: Lasso of Truth at Six Flags Great Adventure in Jackson, New Jersey.Kenneth Kiesnoski/CNBCCheck out the companies making headlines in midday trading. Six Flags — Shares dropped more than 22% after the theme park company sharply missed second-quarter earnings expectations. Six Flags reported earnings of 53 cents per share on revenue of $435 million. Analysts surveyed by Refinitiv forecast earnings of $1.01 per share on revenue of $519 million. The theme park operator attributed the miss to weak attendance, or a 22% drop in visitors. Walt Disney – Disney shares jumped about 5.5% after the company posted better-than-expected results for the quarter on the top and bottom lines, helped by strong attendance at its theme parks and better-than-expected streaming numbers. The company also revealed a new pricing structure for its streaming service that includes an ad-supported tier. Pharma stocks –Shares of Pfizer, GSK and Sanofi slipped 3.5%, 9.8% and 3.3% respectively as investors watched ongoing litigation around Zantac, a recalled heartburn medication. The drug was pulled from shelves in 2020...
    CNBC’s Jim Cramer has rendered a verdict on Disney’s takeover of Fox, calling it “one of the worst acquisitions I’ve ever seen.” Ahead of his appearance on Squawk Box, Cramer posted a couple tweets blasting Disney and its previous CEO, Bob Iger. He gave a pass to Iger’s successor, Bob Chapek. “Disney story will no longer be a referendum on ceo.. And analysts still bridling that theme park business could do well in a slowdown. The analysts are obviously out of touch as it is impossible to even get in line to get tickets…Wrong thing to worry about. Trust name,” he tweeted. Disney story will no longer be a referendum on ceo.. And analysts still bridling that theme park business could do well in a slowdown. The analysts are obviously out of touch as it is impossible to even get in line to get tickets…Wrong thing to worry about. Trust name — Jim Cramer (@jimcramer) August 11, 2022 “Remember, it was not Chapek’s decision to wreck the balance sheet of this company. It was the previous regime. That regime...
    FORMER professional wrestling supremo Vince McMahon will not secretly run WWE "from the shadows" after his retirement. McMahon, 76, rolled credits on his 40-year career shortly after recent allegations claiming he paid hush money to several women who have alleged sexual misconduct between 2006 and 2022. 2Vince McMahon will not run WWE from the sidelines after his retirementCredit: Reuters 2Vince McMahon's daughter Stephanie and his son-in-law Triple H have replaced himCredit: Getty That sent shockwaves around the wrestling world as few expected the American businessman, who remains as the company's majority shareholder, would ever walk away of the throne. And that created a popular conspiracy theory that he is still in charge from the sidelines - AEW superstar and WWE legend CM Punk also predicted recently that the 76-year-old is still not done with WWE. According to Fightful, however, McMahon's retirement is legitimate as SummerSlam and the last two RAW episodes wouldn't look the way they did if the former Chairman was still in charge. His daughter Stephanie has replaced him in charge as Chairwoman and co-CEO alongside co-CEO Nick...
    Former President Trump was seen leaving New York Attorney General Letitia James' office seven hours after he entered for a deposition in her civil suit against the Trump Organization.  Despite the lengthy meeting, Trump's testimony did not fruitful for New York investigators - the former president vowed to plead the Fifth, the right to remain silent, before it began. Trump attorney Ronald Fischetti, who was present in the meeting, told the New York Times that Trump answered exactly one question throughout the duration of the meeting - what his name was.  Trump read a statement 'the greatest witch hunt in the history of our country' and said as James sat across from him that she 'openly campaigned on a policy of destroying me.' Trump pleaded the Fifth, and then from about 9:30 a.m. to 3 p.m., with a long lunch break and other breaks in between, the former president repeated 'same answer' to all of her questions.  A spokesperson with James' office confirmed they could not get the former president to talk.  'While we will not comment on specific details, we...
    In this article SONO DIS Disney store is seen in Times Square, New York City.Nick Pfosi | ReutersCheck out the companies making headlines after the bell Wednesday:  Walt Disney — Shares of the entertainment company jumped 5.8% after Disney posted better-than-expected Disney+ subscription numbers for the previous quarter. Subscriptions came in at 152.1 million, above the expected 147.76 million according to StreetAccount. Disney's earnings per share and revenue also topped estimates. Sonos — Shares of the wireless home sound system maker cratered more than 19% after the company slashed its full-year guidance amid a challenging macro environment. Sonos' earnings and revenue for the previous quarter also missed expectations. Bumble — Bumble slumped more than 13% after slashing its guidance for the full year despite a revenue beat for the previous quarter. The company cited inflation and foreign exchange headwinds among the reasons for the forecast cut. Vacasa — The vacation rental management stock soared 42% on the back of an unexpected profit of 2 cents per share. Analysts had expected a loss of 20 cents per share,...
    In this article DISA performer dressed as Mickey Mouse entertains guests during the reopening of the Disneyland theme park in Anaheim, California, U.S., on Friday, April 30, 2021.Bloomberg | Bloomberg | Getty ImagesAll eyes will be on Disney's streaming numbers when the company reports its fiscal third quarter earnings results after the bell Wednesday. The streaming space is in a state of upheaval. Netflix in July disclosed another drop in subscribers, and Warner Bros. Discovery last week announced a shift in content strategy. While Netflix expects subscriber growth to rebound, uncertainty has left analysts and investors wondering what the future holds for the wider industry. Analysts anticipate the company added around 10 million new Disney+ subscribers during the period between April and June, bringing the total number of users to over 147 million, according to StreetAccount. In hitting this target, Disney could put analysts and shareholders at ease and suggest that the global streaming market is not nearing saturation. Here's what analysts expect: Earnings per share: 96 cents expected, according to a Refinitiv survey of analysts Revenue:...
    Check out the companies making headlines in midday trading.Coinbase reported a 27% decline in revenues in the first quarter as usage of the platform dipped.Chesnot | Getty ImagesCoinbase – Shares of the crypto services operator jumped about 6% despite the company reporting a wider-than-expected loss late Tuesday and a decline in volumes in the most recent quarter. The raly coincided with a move higher in bitcoin after a key inflation reading showed a better-than-expected slowdown in rising prices. Wendy's – The restaurant chain saw its shares fall more than 2% after reporting a revenue miss. U.S. same-restaurant sales rose 2.3% — less than analysts had estimated — as consumers spent more cautiously. Wendy's earnings in the latest quarter topped estimates, however. Roblox – Shares of the video game platform were down 5% in midday trading after postmarket earnings Tuesday missed analyst expectations. Roblox's quarterly loss was wider than expected and its bookings, which include sales recognized during the quarter and deferred revenue, declined by 4% year over year. Twitter – The social media company climbed more than 3% after Elon Musk disclosed the sale...
    Donald Trump says he will not answer questions in a civil investigation of his business practices in New York. The former president invoked his Fifth Amendment right against self-incrimination during a deposition on Wednesday morning, Aug. 10 at the office of New York Attorney General Letitia James. The move comes just two days after the FBI conducted a search at Trump's Mar-A-Lago compound in Palm Beach, Florida. The search was reportedly connected to classified documents that may have been taken from the White House to the compound instead of being turned over to the National Archives and Records Administration, as is required by federal law. Trump said in a statement shortly after the deposition was scheduled to begin that he “declined to answer the questions under the rights and privileges afforded to every citizen under the United States Constitution.” “I have absolutely no choice because the current Administration and many prosecutors in this Country have lost all moral and ethical bounds of decency," Trump said. The New York probe is reportedly examining the Trump Organization's finances and asset valuations, among other...
    In this article WYNN RBLX TWTR BZFD COIN WEN VIDEO1:2501:25News Update – Pre-MarketsNews BriefingCheck out the companies making headlines before the bell: Wendy's (WEN) – Wendy's shares fell 1% in premarket trading following a mixed quarter, which saw the restaurant chain report better-than-expected earnings while revenue fell short of Street forecasts. U.S. same-restaurant sales rose 2.3%, less than analysts had estimated, as consumers spent more cautiously. Coinbase (COIN) – The cryptocurrency exchange operator's shares slid 5% in the premarket after the company reported a wider-than-expected quarterly loss, with business impacted by the slide in crypto prices during the spring months. Coinbase saw volumes fall as the number of active traders declined during the quarter. Buzzfeed (BZFD) – The digital media company reported a wider-than-expected quarterly loss amid a pressured advertising market and rising expenses. Buzzfeed fell 3.7% in premarket trading. Twitter (TWTR) – Twitter added 3.6% in premarket action following news that Elon Musk sold nearly $7 billion in Tesla (TSLA) shares over the past few days. The move comes amid uncertainty over whether a court will force Musk...
    In this article DISA performer dressed as Mickey Mouse entertains guests during the reopening of the Disneyland theme park in Anaheim, California, U.S., on Friday, April 30, 2021.Bloomberg | Bloomberg | Getty ImagesDisney will put a stamp on how the media industry views streaming's growth potential — at least for the time being — when it announces its quarterly earnings results on Wednesday. The possible conclusions are "don't panic" or "call the doctor." Wall Street analysts on average expect that Disney added about 10 million Disney+ subscribers during the period, pushing its total global customers for the service to about 147 million, according to FactSet. If Disney hits or exceeds that forecast, investors and media executives can file the quarter away as one that showed mixed trends for the industry. It will suggest the global streaming market isn't nearing saturation. With the right product, in certain regions of the world, Disney can show entertainment companies are still capable of adding many millions of subscribers in a quarter. That's particularly important for Disney Chief Executive Officer Bob Chapek, who in February...
    In this article ROO-GBA Deliveroo rider near Victoria station on March 31, 2021 in London, England.Dan Kitwood | Getty ImagesLosses at British meal delivery firm Deliveroo swelled in the first half of 2022 while revenue growth slowed dramatically, as the disappearance of pandemic restrictions and a rise in the cost of living dented demand for online takeout. Deliveroo reported a pretax loss of £147.3 million ($178 million) in the first six months of the year, up 54% from the same period a year ago. The losses were driven mainly by increasing spending on marketing and overheads. Revenues at the company climbed 12% to £1 billion. That was much slower than the revenue growth that the firm reported in the first half of 2021 when sales climbed 82% year-on-year. Deliveroo's gross transaction value — which measures overall sales on the platform — grew 7% to £3.6 billion, lackluster growth compared to last year when GTV doubled in the first half. The company blamed the disappointing performance on "challenging market conditions." Deliveroo said it is consulting on plans to exit the Netherlands,...
    Federal prosecutors are in the final stages of preparing an antitrust case against Google, according to a report, and aiming to file their case in September. The Justice Department has been investigating the tech giant for several years. In 2020 Google was sued both federally and by a coalition of state attorney generals for monopolizing the digital search market.  Google denied the charges, and is petitioning the judge to drop the case: a hearing is scheduled for later this month. On Tuesday, Bloomberg reported that yet another case against Google could be filed next month - this time accusing them of monopolizing digital advertising. Three sources told Bloomberg that investigators with the Justice Department's antitrust division are currently questioning online publishers, to finalize the details for the complaint. The interviews are follow-ups to previous discussions, the sources said.  Google's headquarters are pictured in Mountain View, California. The company could be facing yet another antitrust lawsuit Sundar Pichai, the CEO of Google - whose company relies heavily on adverts for its revenue They said it is unclear whether the case will be filed...
    In this photo illustration, the Coinbase logo is displayed on a smartphone screen.Rafael Henrique | SOPA Images | Lightrocket | Getty Images Check out the companies making headlines in after hours trading. Coinbase – Coinbase fell more than 3.5% in afterhours trading after reporting quarterly earnings. The company missed analyst expectations on both revenue and earnings, partially due to the "crypto winter" seen in the second quarter.   Roblox – Roblox shed nearly 14% postmarket Tuesday after the company's quarterly earnings came in below Wall Street expectations. Roblox reported a loss of 30 cents per share and $639.9 million in revenue, versus analysts' estimate of a loss of 21 cents on $644.4 million in revenue. In addition, Roblox reported 52.2 million daily active users in the quarter, less than expected by Wall Street and down from the first quarter. Wynn Resorts – Shares of Wynn Resorts slipped more than 2.5% late Tuesday after the gaming company missed Wall Street's estimates for revenue. Wynn reported a loss of 82 cents per share and revenue of $908.83 million, against analysts' estimates of...
    A view of the Norwegian Encore cruise ship during its inaugural sailing from PortMiami, which took place from Nov. 21-24, 2019.Orlando Sentinel | Tribune News Service | Getty Images Check out the companies making headlines in midday trading. Norwegian Cruise Line — Shares sank nearly 12% on Tuesday after the company reported second-quarter results that missed Wall Street's expectations and showed occupancy rates of only 65%, compared to more than 100% in the same quarter in 2019. In addition, the cruise line said that it wouldn't return to pre-pandemic occupancy levels until next year, signaling losses will continue. Micron Technology — The chipmaker's shares lost 5% after the company reported a decline in demand for its DRAM and NAND chips and said it expects a challenging market environment in in the fiscal fourth quarter of 2022 and fiscal first quarter 2023. Several other chip stocks fell with Micron. Applied Materials, On Semiconductor and Teradyne each fell about 7%. Signet Jewelers — The jeweler saw shares fall about 11.5% after it cut its financial forecast for the second quarter and full-year...
    VIDEO1:2201:22News Update – Pre-MarketsNews Briefing Take a look at some of the biggest movers in the premarket: Novavax (NVAX) – The drugmaker's stock plummeted 32.3% in the premarket after posting an unexpected quarterly loss and cutting its full-year revenue guidance in half. Novavax said it did not expect any further U.S. sales of its Covid-19 vaccine this year amid soft demand and a supply glut. GoodRx (GDRX) – GoodRx soared 39.6% in premarket trading after the provider of prescription drug comparison software reported better-than-expected quarterly results, and also said an issue with a major grocery chain had been resolved. Allbirds (BIRD) – The sneaker maker's shares dived 11.8% in the premarket after it cut its full-year forecast, with the company saying external headwinds could pressure consumer spending in the back half of 2022. Micron Technology (MU) – The chip maker said it expected negative free cash flow for the current quarter, as well as declines in revenue and profit margins. Chip shipments are falling due to weakening demand from PC and video game companies. Micron lost 3.7% in premarket action....
    A woman holds a small bottle labeled with a "Coronavirus COVID-19 Vaccine" sticker and a medical syringe in front of displayed Novavax logo in this illustration taken, October 30, 2020.Dado Ruvic | Reuters Check out the companies making headlines after hours. Novavax — The biotech stock dropped 32% after Novavax cut its full-year revenue guidance due to poor demand for its Covid vaccines. Take-Two Interactive Software — Shares dropped 6% after the video game company behind titles such as Grand Theft Auto reported weaker-than-expected earnings. Take-Two reported $1 billion in revenue, less than the $1.09 billion projected by analysts surveyed by Refinitiv. Upstart — Shares fell 7% after the consumer lending company posted disappointing second quarter results. Upstart earned 1 cent per share on revenue of $228.2 million. Analysts surveyed by Refinitiv were estimating earnings of 10 cents per share on revenue of $241.6 million. Allbirds — The footwear stock dropped 12% after Allbirds cut its outlook for the year and announced cost-cutting efforts, citing weaker consumer spending. The footwear and apparel company otherwise beat expectations in its second-quarter results,...
    In this article CVS GS An AMC theatre is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021.Carlo Allegri | ReutersCheck out the companies making headlines in midday trading. Bed Bath & Beyond, AMC — Shares surged 41% and 13% respectively as social media traders appeared to invest in the two meme stocks, even without an apparent catalyst. Signify Health — The stock jumped 13% following a Wall Street Journal report, citing people familiar with the matter, that CVS Health is planning a bid for the home health services company. First Solar — First Solar jumped 5% after Goldman Sachs upgraded shares to overweight from neutral. The bank said the solar technology stock should benefit from the passage of the Inflation Reduction Act and upped its price target to $126 from $83 a share. Rhythm Pharmaceuticals — The biopharma stock gained 7% after Goldman Sachs upgraded it to buy from neutral, saying shares could rally about 40% following successful trials of its obesity medicine. Barrick Gold —...
    Last Week Tonight host John Oliver went after Warner Bros. Discovery during his Sunday broadcast, in which he said it appears his new “business daddy” is burning down HBO. During a segment on monkeypox vaccines expiring, Oliver turned briefly to Warner Bros. Discovery, which has made some massive moves since the merger between Warner Bros. and Discovery, including nixing CNN+ after a matter of weeks, as well as canceling in-production films including DC’s Batgirl to get future tax write-offs. “We let the vaccine sit unused on a shelf in our reserves like an expired Chobani or a $90 million movie on HBO Max,” Oliver said, then showing an image from the canceled Batgirl. “By the way, hi there, new business daddy! Seems like you’re doing a really great job. I do get the vague sense that you’re burning down my network for the insurance money, but I’m sure that will all pass.” Batgirl was well into production when Warner Bros. Discovery canceled it. By using the production as a tax write-off, the company is prevented from profiting off...
    In this article 9984.T-JPVIDEO2:5202:52SoftBank posts a record $23.4 billion loss for the June quarterStreet Signs EuropeSoftBank posted one of its biggest losses at its Vision Fund investment unit for its fiscal first quarter, as technology stocks continue to get hammered amid rising interest rates. The Japanese giant's Vision Fund posted a 2.93 trillion Japanese yen ($21.68 billion) loss for the June quarter. This is the second-largest quarterly loss for the Vision Fund. That contributed to a 3.16 trillion yen net loss for the quarter for SoftBank versus a 761.5 billion yen profit in the same period last year. That is a record quarterly loss for the company. The company also authorized a 400 billion yen share buyback program on Monday. SoftBank's Vision Fund, which began in 2017 and invests in technology companies, has been hit by a slump in high-growth stocks as a result of rampant inflation that has led the U.S. Federal Reserve and other central banks to raise interest rates. Masayoshi Son, SoftBank's outspoken founder and the mastermind behind the Vision Fund, said in May the company would...