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 […]
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Blumhouse, studio known for highly profitable horror films, is no longer producing Mattel’s Magic 8 Ball movie
Magic 8 Ball by Mattel Source: Amazon Blumhouse is no longer a producing partner of Mattel’s planned Magic 8 Ball film. On Friday, co-founder and producer Jason Blum told CNBC that the horror production power house was no longer attached to the toymaker’s project. “We developed it for a while, […]
Investing Club: The week in review, the week ahead — August 12, 2022
The major averages rallied this week as two key inflationary indicators — the consumer price index (CPI) and producer price index (PPI) — both came in below expectations, a positive for a market on edge about inflation and investors asking daily whether it has peaked. Make no mistake, inflation is […]
FBI search warrant reveals agents seized ‘top secret’ documents in raid of Trump’s home
A member of the Secret Service is seen in front of the home of former President Donald Trump at Mar-A-Lago in Palm Beach, Florida on August 9, 2022. Giorgio Viera | AFP | Getty Images The FBI seized multiple sets of documents marked top secret from former President Donald Trump’s […]
Even airline employees are having trouble finding a seat home from Europe this summer
International passengers walk through the arrivals area at Terminal 5 at Heathrow Airport on November 26, 2021 in London, England. Leon Neal | Getty Images News | Getty Images Airlines want people to take a European vacation this summer — as along it’s not their employees. Carriers are discouraging their staff […]
This was a good week for inflation numbers, but whether it can last is the big question
Gas station prices are seen in Bethesda, Maryland on August 11, 2022. Mandel Ngan | AFP | Getty Images There was more good news Friday for inflation, as import prices fell more than expected and brought some much-needed relief for consumers. The report capped off a relatively upbeat week for […]
Best Buy cuts jobs across the country, after warning of slower sales
Black Friday shoppers leave a Best Buy store in Washington, DC, on November 26, 20221. Nicholas Kamm | AFP | Getty Images Best Buy said on Friday that it is cutting jobs across the country about two weeks after it warned it was seeing weaker sales than expected. A Best […]
U.S. workers lost about $28 billion in wages during Covid-19 due to lack of access to paid leave, report finds
Families, parents and caregivers call on Congress to include paid family and medical leave in the Build Back Better legislative package during an all-day Nov. 2, 2021 vigil in Washington, D.C. Paul Morigi | Getty Images Entertainment | Getty Images Missing a week of work due to illness, child care […]
Transportation Department is losing top auto safety regulator after a few months on the job
Dr. Steven Scott Cliff, nominee to be administrator of the National Highway Traffic Safety Administration, testifies during a Senate Commerce, Science and Transportation Committee confirmation hearing in Russell Building on Thursday, December 16, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images The Department of Transportation said on Friday […]
Documents taken in Trump raid included files marked top secret, report says
A member of the Secret Service is seen in front of the home of former President Donald Trump at Mar-A-Lago in Palm Beach, Florida on August 9, 2022. Giorgio Viera | AFP | Getty Images The FBI seized multiple sets of documents marked top secret from former President Donald Trump’s […]