Opinion: NFL owners keep rejecting Black head-coaching candidates. Is it time for legal action? For all of the noise, the initiatives, committees, research reports and even various measures of progress, there’s still so much to be desired when it comes to equal opportunity for African Americans to become NFL head coaches. Congratulations, Byron Leftwich. You called the […]
Best Buy Recently Laid Off 5000 Employees Electronics retailer Best Buy says it laid off 5,000 full-time store workers earlier this month, despite the company recording strong sales growth during the COVID-19 pandemic as people bought laptops, TVs and other electronics items due to being stuck at home. The company said it cut those jobs […]
'Killer woman starved 3 kids until one died and the others' legs withered away' Previously-cheerful dad, 48, 'killed himself after Covid warped his brain' European Economics Preview: Germany Factory Orders Data Due Factory orders data from Germany is due on Friday, headlining a light day for the European economic news. At 2.00 am ET, Destatis […]
WeCommerce To Acquire Stamped – Quick Facts WeCommerce Holdings Ltd. has agreed to acquire substantially all of the assets of Stamped.io Pte. Ltd. for up to $110 million. Stamped is a SaaS platform enabling online merchants to implement and manage customer reviews and loyalty programs through Shopify and other ecommerce platforms. WeCommerce said the upfront […]
Trump ‘Golden Idol’ Statue At CPAC Has A Super-Awkward Origin Story The gold-colored statue of Donald Trump that had conservatives lining up for photos at last weekend’s Conservative Political Action Conference (CPAC) has a surprising origin, and it’s more than a little awkward given the former president’s rhetoric. The statue was made in China, both Politico […]
Big Tech selloff pushes popular Nasdaq ETF QQQ below key support level Spencer Platt/Getty Images The QQQ ETF on Wednesday fell below the 320 mark, which was the ETF’s 50-day moving average. QQQ was dragged lower as Apple, Amazon and Microsoft shares pulled back sharply. Investors appeared spooked by another rise in bond yields. Visit […]
Oil Prices Fall On Dollar Strength Oil prices fell on Friday as the dollar rose against major rivals amid a rout in global bond markets. Brent crude futures for May settlement dipped 0.8 percent to $65.60 a barrel, while U.S. West Texas Intermediate (WTI) crude futures were down 0.7 percent at $63.12. The dollar edged […]
Live Nation Entertainment Posts FY Loss Live Nation Entertainment Inc. (LYV) reported that its fourth-quarter net loss attributable to common stockholders was $1.72 billion or $8.12 per share, compared to net income of $69.89 million in the prior year. Revenue for the year dropped to $1.86 billion from $11.55 billion in the prior year. At […]
AT&T Sells DirecTV Stake To Private Equity Firm TPG AT&T Inc. (T) has reached a deal with private equity firm TPG Capital to make its struggling satellite TV provider DirecTV a new standalone company. The deal will establish a new company that will own and operate AT&T’s U.S. video business unit consisting of the DirecTV, […]
LIVE updates: Fed Chair Powell on Capitol Hill Fed chair Jerome Powell testifies before House Financial Services Committee undefined Federal Reserve Chair Powell is set to deliver day two of his testimony on the state of the U.S. economy in his Semiannual Monetary Policy Report. Stocks are under pressure ahead of his remarks, similar to Tuesday, before the turnaround, […]