Three-year-olds groomed online, charity warns
IWF says many were likely filmed remotely while using phones or other handheld devices at home.
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The FTC sued to block an $8.5 billion fashion merger between Tapestry and Capri
The Federal Trade Commission said Monday that it has sued to block Tapestry’s $8.5 billion deal to acquire Capri. Read more...
Now the Tesla Cybertruck may have a problem with its windshield panel
Things aren’t going well at Tesla . The stock is currently down more than 40 percent year-to-date, analysts expect the Texas-based automaker to announce a 40 percent drop in profits, more than 20,000 people are expected to lose their jobs, and Tesla’s flagship product, the
FTC sues to block $8.5B merger that would unite luxury brands Coach and Michael Kors
Tapestry had offered to buy Capri in August, hoping to create a US fashion behemoth that could effectively battle bigger European rivals such as Louis Vuitton parent LVMH.
Smucker's nearly $1 billion PB&J business is anything but crusty
Smucker’s Uncrustables is poised to become a $1 billion business , according to Sherwood. Read more...
Ozempic users are spending less money at restaurants, survey says
Over half of people who are on Ozempic or another GLP-1 drug — a class of weight loss and diabetes medications— say they are spending less money at restaurants, according to a recent survey by Morgan Stanley. Read more...
Trump set to make $1.25B ‘earnout’ bonus as Trump Media stock hits benchmark
Trump, who owns a majority stake in Trump Media and Technology Group, is due to receive an additional 36 million shares of the company on Tuesday.
Uniqlo is being powered by young women who want outfits for both 'at the office or on a night out'
As return-to-office mandates shift how workers structure their days and lives, fashion retailer Uniqlo thinks it stands to get a boost from young women in search of versatility. Read more...
Luxury home prices hit a record as half of wealthy buyers pay in cash
The median price for U.S. luxury homes rose 9% year over year to a record $1.225 million in the first quarter of 2024, according to a new report from the real estate company Redfin. That’s twice as fast as the rate for non-luxury homes, which reached a median price of $345,000
AI is ‘a new kind of digital species,’ Microsoft AI chief says
Microsoft’s AI chief said those building AI should make sure it’s easy for the public to comprehend it—and offered his own analogy to help do so. Read more...
The Dow jumps 250 points as Big Tech recovers but Tesla sinks
The Dow Jones Industrial average surged more than 450 points on Monday afternoon before closing up 253 points — never mind Tesla’s still-bumpy ride after Elon Musk’s EV maker laid off more than 10% of its staff and slashed prices all over the world . Tesla stock continued its
Delta Air Lines is giving out raises and boosting starting pay
Delta Air Lines has announced it’s boosting pay for nonunion flight attendants and ground workers after recording strong first-quarter earnings and smashing Wall Street’s expectations . Read more...
Nike is getting back to the basics after its exclusive sneaker bid fell short
Nike has spent a great deal of time looking to innovate , but now it wants to get back to the basics by focusing on its running shoe catalog. Read more...
Gold prices are dropping as tensions between Israel and Iran calm
With tensions between Iran and Israel simmering, gold prices took a dip following a five-week rally. Read more...
Disney, Ford, Microsoft and the age of the quasi-merger
How to build a global business empire in the 21st century
Dow, Nasdaq surge as investors brace for Big Tech earnings
Tesla, Meta Platforms, Alphabet and Microsoft will be in focus this week as the companies gear up to deliver their quarterly numbers.
TikTok cracks down on social media influencers pushing Ozempic, Wegovy while facing potential US ban
TikTok users will not be allowed to upload "before-and-after" photos which are aimed at showing the affects of the medications.
Sam Bankman-Fried agrees to help FTX investors in lawsuits against Tom Brady, Larry David
Shareholders of Sam Bankman-Fried's failed crypto exchange have agreed to drop their claims against the jailed ex-billionaire in exchange for his cooperation in other lawsuits over FTX's downfall.
Russia has sentenced a Meta executive to 6 years in prison
A military court in Russia sentenced a spokesperson for Meta to six years in prison on Monday, according to a new report from the English-language Moscow Times . Andy Stone was convicted in absentia for the “justification” of terrorism after the Facebook parent company changed
The Apple Vision Pro isn't exactly flying off the shelves
Apple’s Vision Pro debuted just two months ago, drawing crowds of people to sign up for demos and almost immediately selling out . Since then, interest in Apple’s premiere mixed reality headset has plummeted and sales are grinding to a halt at some retail stores, Bloomberg
Let's talk about the guy who sued himself for backing into his own car
Despite how much we love them, cars make people do dumb things. Whether it’s willingly overpaying for them to being clueless while driving , cars can affect judgment in the worst ways. Vehicle accidents can really bring out the dumb in people. Take the man who tried to sue
Boeing rival Airbus just hired JetBlue's former CEO to run its North American business
Airbus is bringing on the former CEO of JetBlue Airways to head its North America arm as it looks to extend its dominance over competitor Boeing. Read more...
Apple reportedly close to finalizing $1B deal with FIFA over TV rights for new tournament
The tournament will be held in the United States for the first time next summer, the report said, adding that a deal could be announced as soon as this month.
MicroStrategy, Coinbase, and other crypto stocks jump after the Bitcoin 'halving'
Cryptocurrency-related stocks surged on Monday afternoon after Bitcoin underwent a successful “ halving ” over the weekend. As of right now, Bitcoin is trading at a solid $66,000 , following the modest rise it experienced post-halving. Read more...
How OJ Simpson became the star witness in a pivotal 1970 trial over helmet safety – and set back CTE research for decades
Lawyers for Rawlings argued during the trial "that the game of football is at stake,” with one of the attorneys asking Simpson if he was aware of the sport’s inherent risks.
Apple, Amazon, Nvidia, and other Big Tech stocks could see their profit growth 'collapse,' UBS says
UBS Global Research downgraded its rating of what it calls the “Big Six” tech stocks — Apple, Amazon, Google-parent Alphabet, Meta, Microsoft and Nvidia — in a note on Monday. Read more...
BlackRock triples spending on security for CEO Larry Fink due to ESG backlash
BlackRock increased spending on private security for CEO Larry Fink more than threefold last year after he came under withering criticism.
Elon Musk wanted to lay off 20% of Tesla's workforce, report says
Tesla last week issued sweeping layoffs which tanked its stock and confirmed analysts’ assertions that the company is struggling with low demand . Read more...
