Kim Kardashian is “re-evaluating” her relationship with Balenciaga after the brand drew backlash for producing an ad campaign featuring children holding teddy bears dressed in BDSM-style harnesses. The star broke her silence on the controversy in a statement to Twitter Sunday night after fans had been demanding she announces the luxury fashion house for several … Read more
Markets probably didn’t need another more brick on the 2022 wall of worries, but got one anyway as FTX, the world’s third largest crypto exchange, is teetering on a collapse that could upend already shaky broader risk appetite. Read: Sequoia on its FTX investment: Some surprise to the upside, and some surprise to the downside … Read more
The clouds have gathered over Tesla (TSLA) . The manufacturer of premium electric vehicles seems to be going through the experience of the abandoned child or that of the darling who has fallen out of grace. The firm seems to have lost the attention of its charismatic and visionary co-founder and CEO Elon Musk. Blame … Read more
The superintendent of Hanover schools is apologizing about the district using a logo on T-shirts and other materials that resembles a swastika. The logo was used in a Hanover County Public Schools professional learning conference this week. “One of our teachers designed the logo intending for it to represent four hands and arms grasping together … Read more
Hopes that the Federal Reserve may be less aggressive in hiking borrowing costs than previously feared have rippled swiftly across markets in the past week. Stocks have rallied as bond yields have dropped. And it has brought the dollar’s rampage to a juddering halt. The dollar index DXY, which hit a 20-year high above 108.5 … Read more
Amazon.com Inc. decided to cut back after years of pouring money into growth, and the result was a second consecutive quarterly loss, but a beat on sales and continued strong growth from Amazon Web Services helped push the stock higher in after-hours trading Thursday. AmazonAMZN, +1.08% reported a second-quarter loss of $2 billion, or 20 … Read more
Yahoo was once the most popular website on the planet, the only place that everyone on the internet seemed to touch at least once an online session. After an ignominious slide, however, Yahoo is just another site that has some fans in certain parts of Asia and offers some niche products. Has Mark Zuckerberg launched … Read more
Alphabet Inc. and Microsoft Corp. both reported results that missed Wall Street’s expectations Tuesday, but not only did investors not melt down, both actually saw their stocks rise in after-hours trading. Amid troubling economic signs, tech stocks have been battered so far this year, and fears about a slowdown among Big Tech names had Wall … Read more
Shares of Alphabet Inc.’s Google popped more than 4% in extended trading Tuesday after the tech behemoth reported results slightly lower than Wall Street estimates. Still, the results marked the second straight quarter of year-over-year earnings declines for Google — its first since 2015, but this time on a much larger scale. Google Alphabet, -2.32% … Read more
Just five companies control nearly a quarter of the S&P 500 index’s market cap, and they will all report earnings this week that could determine the direction of the market for weeks or months to come. As Big Tech — Google parent Alphabet Inc. GOOGL GOOG, Amazon.com Inc. AMZN, Apple Inc. AAPL, Facebook parent Meta … Read more