Justin Sullivan/Getty Images News In the metaverse, no one can hear you scream. That shriek shareholders heard this past week was not only caused by the deep dive in Meta Platforms’ (NASDAQ:FB) market cap after it reported poor earnings and guidance, but an ear-piercing sound as a result of an elevated buyback that left some … Read more
The makers behind the Bored Apes Yacht Club (BAYC) are no longer a mystery — a BuzzFeed News report reveals them as Greg Solano and Wylie Aronow, two men from Florida. Solano is a 32-year-old writer and editor behind the pseudonym Gargamel, while the 35-year-old Aronow goes by Gordon Goner. after BuzzFeed‘s article was posted, … Read more
Popular crypto analyst Justin Bennett is updating his outlook on the two largest crypto assets by market cap. Starting with Bitcoin (BTC), Bennett says that the flagship cryptocurrency could surge by up to 40% if it manages to break above the $42,000 resistance level. “This area between $35,000 and $36,000 is support and $40,000 to … Read more
Flight attendants hand out refreshments to a packed Delta Airlines flight traveling from Ronald Regan National Airport to MinneapolisSaint Paul International Airport on Friday, May 21, 2021. Kent Nishimura | Los Angeles Times | Getty Images Delta Air Lines’ CEO Ed Bastian asked the US Department of Justice to put convicted unruly travelers on a … Read more
A Port Authority bridge that carries the South Busway over Saw Mill Run Boulevard in Pittsburgh’s Mt. Washington neighborhood will remain closed indefinitely, the Port Authority announced Friday. Officials said engineers discovered on Friday that a portion of the bridge had shifted. Officials said the Saw Mill Run Boulevard Bridge — sometimes known as the … Read more
Investors in big tech stocks are getting a serious whiplash. Amazon.com Inc.. AMZN 13.54% Friday saw the biggest single-day gain in market value ever for a U.S. company, just a day after Facebook parent company Meta Platforms Inc. suffered the greatest loss ever recorded. These dramatic moves suggest investors are rushing to draw distinctions between … Read more
Delta Air Lines is urging the Biden administration to create a nationwide no-fly list for combative passengers as airlines grapple with unruly guests defying COVID-19 protocols and harassing flight crews. Delta CEO Ed Bastian wrote a letter to the Attorney General Merrick GarlandMerrick GarlandBiden in New York: ‘The answer is not to defund the police’ … Read more
Text size Jeff Kowalsky/AFP via Getty Images Ford engine Saturday confirmed reports that it will cut production at some of its factories from next week. Reuters reported that Ford (ticker: F) plans to suspend or reduce production at eight of its plants in the United States, Mexico and Canada due to chip supply constraints. Reuters … Read more
It’s also shockingly successful. Kirkland raked in $58 billion in sales during Costco’s latest fiscal year, making up around a quarter of the company’s total revenue. Kirkland is America’s biggest consumer packaged goods’ brand measured by sales. It’s larger than Hershey (HSY), Campbell’s Soup (CPB) gold Kellogg (K). But it wasn’t always this way. It … Read more
Text size A Tesla Model Y electric vehicle. oe Raedle/Getty Images You’re here could be bigger than both General Motors and Ford-Motor combined, by sales, in just five years — if everything plays out the way Morgan Stanley analyst Adam Jonas is thinking. It’s a provocative idea for investors to ponder — and a bit … Read more