Nike shares plunged 12% on Friday after the company reported declining sales and a plan to cut costs by $2 billion over the next three years. The company expects revenue to rise about 1% in the fiscal year ending May 31, below the mid-single digits previously expected. With shares down 12.9% in midday trading, MarketWatch … [Read more…]
Potential Bitcoin exchange-traded fund (ETF) issuer Hashdex amended its filings on Friday, naming BitGo as its Bitcoin custodian and changing the name of its Bitcoin futures ETF to Hashdex Bitcoin ETF, as it – and other companies – continues to hope for a Bitcoin custodian approval for the US’s first spot Bitcoin ETF at the … [Read more…]
Gift card exploitation scams are on the rise during the holidays As we head into the holiday season, a gift card scam known as “card draining” is occurring. The Federal Bureau of Investigation warns that gift cards could be activated with $0 balances due to this growing scam. Priskila Basnet of Woodbury said she recently … [Read more…]
(Bloomberg) — The sense of doom that gripped crypto markets in late 2022 after a $1.5 trillion loss has given way 12 months later to a very different mood: stinginess. Most read by Bloomberg Bitcoin stormed back this year with a gain of more than 160%, adding around $530 billion to its market capitalization. As … [Read more…]
Sen. Lindsey Graham (R-S.C.) declared “war” Friday over a New York state bill that would require some Chick-fil-A restaurants to operate on Sundays. “This is war,” Graham said wrote on Xthe platform formerly known as Twitter. In a second post, he continued, threatening to introduce legislation that would withhold federal funding from cities that require … [Read more…]
The U.S. Department of Justice is levying a $1.675 billion penalty on an Indiana-based engine maker in a settlement that alleges the company violated the federal Clean Air Act. The department claims Cummins Inc. installed devices that can bypass emissions sensors on 630,000 RAM pickup truck engines, according to a news release Friday. The huge … [Read more…]
A closely watched inflation indicator cooled significantly in November. This is good news for the Federal Reserve as officials move to the next phase in their fight against rapid price increases, and positive news for the White House as voters see relief from rising costs. The inflation measure of personal consumption expenditures, which the Fed … [Read more…]
ORANGE PARK, Fla – An Orange Park neighborhood was attacked by porch pirates just before the holidays and it was all caught on camera. Now residents of the Spencer Plantation neighborhood are demanding the thieves return the gifts – no questions asked. Neighbors said the lack of street lights in the area may be the … [Read more…]
News exclusive By Alyssa Guzman Published December 22, 2023, 6:08 PM ET A British traveler saw a massive wave hit her Norwegian cruise ship minutes before all 299 passengers were ordered to hunker down in muster stations for hours as the boat battled 11-meter waves and gale-force winds. Catriona MacRae, 43, and father Ken, 79, … [Read more…]
Gov. Kathy Hochul plans to veto a bill that would have banned the use of non-compete agreements in New York after Wall Street and other powerful industries lobbied heavily against the measure, according to two people with knowledge of negotiations on the bill. Ms. Hochul was expected to veto the bill later on Friday. Democrats … [Read more…]