A sign is posted in front of the Levi Strauss & Co. headquarters on April 09, 2021 in San Francisco, California. Justin Sullivan | Getty Images News | Getty Images Levi Strauss on Thursday reported quarterly revenue and earnings that came in above Wall Street expectations, as the clothing company […]
CNBC
Walmart won’t hold rival event to Amazon Prime Day, as it is already offering big markdowns
Walmart Rollback pricing signs are displayed while customers shop during the grand opening of a new Wal-Mart Stores location in Torrance, California. Patrick Fallon | Bloomberg | Getty Images Walmart won’t be doing its own event to rival Amazon Prime Day this year, according to a company spokesperson. The big-box […]
World’s largest bitcoin fund slams the SEC, sues over crypto ETF rejection
Digital currency asset manager Grayscale is in a legal fight with the U.S. Securities and Exchange Commission over its latest rejection of the company’s prospective spot bitcoin exchange-traded fund. Last Wednesday, the SEC denied Grayscale’s application to convert its bitcoin trust to a spot ETF. The company filed a lawsuit […]
Fed officials Waller and Bullard back another big interest rate increase in July
The Marriner S. Eccles Federal Reserve Board Building in Washington, D.C. Sarah Silbiger | Reuters The Federal Reserve is well on its way to another sharp interest rate hike in July and perhaps September as well, even if it slows the economy, according to statements Thursday from two policymakers. Fed […]
Theranos ex-COO Sunny Balwani found guilty in all 12 fraud charges 6 months after founder Holmes’ conviction
SAN JOSE, Calif. – In the final chapter of the Theranos saga, Ramesh “Sunny” Balwani, the company’s former chief operating officer and ex-boyfriend of founder Elizabeth Holmes, was found guilty of all 12 criminal fraud charges. Balwani had no reaction as the verdict was read at the U.S. District Court […]
U.S. safety regulators to probe crash involving self-driving car from GM-backed Cruise
A robot car of the General Motors subsidiary Cruise is on a test drive in 2019. Andrej Sokolow | picture alliance | Getty Images Federal vehicle safety regulators will investigate a crash last month in which a vehicle struck a self-driving car from General Motors-backed Cruise. The incident resulted in […]
June jobs report is not expected to show an economic slowdown or a recession looming
Part Owner and Executive Chef Steve Kemper, prepares food in the kitchen at the Go Fish! Seafood Restaurant and Sushi Bar in Sinking Spring, Pennsylvania, April 8, 2021. Ben Hasty | MediaNews Group | Reading Eagle via Getty Images June’s employment report is expected to show strong hiring continues across […]
S&P 500 extends gains and heads for fourth-straight positive day, matching year’s best streak
U.S. stocks rose on Thursday as Wall Street looked to extend a modest winning streak and recover from a rough first half of the year. The Dow Jones Industrial Average gained 306 points, or about 1%. The S&P 500 added 1.4%, while the Nasdaq Composite gained more than 2%. The […]
Donald Trump left the board of his social media company weeks before federal subpoenas
The Truth social network logo is seen on a smartphone in front of a display of former U.S. President Donald Trump in this picture illustration taken February 21, 2022. Dado Ruvic | Reuters Former president Donald Trump left the board of his social media company just weeks before it was […]
Dallas Cowboys criticized for partnership with gun-themed coffee company
Owner Jerry Jones of the Dallas Cowboys attends training camp at River Ridge Complex on July 24, 2021 in Oxnard, California. Jayne Kamin-oncea | Getty Images The Dallas Cowboys are facing a backlash after the football team announced a partnership with gun-themed coffee company a day after the deadly shooting […]