Shoppers walk through a mall along the Magnificent Mile in Chicago on March 15, 2023. Scott Olson | Getty Images Check out the companies making headlines after the bell. Nordstrom — Shares of the upscale department store jumped 9% in extended trading after its fiscal first-quarter sales beat Wall Street expectations. The strong results came … Read more
The FTC has filed a lawsuit against Amazon’s Ring doorbell unit over privacy concerns. Smith/Gado collection | Stock photos | Getty Images The Federal Trade Commission on Wednesday sued Amazon-owned smart doorbell maker Ring over privacy concerns. The agency alleged that Ring violated a portion of FTC law that prohibits unfair or deceptive business practices. … Read more
San Diego Padres’ Daniel Camarena hits a grand slam in the fourth inning of a baseball game against the Washington Nationals at Petco Park in San Diego on July 8, 2021. Denis Poroy | Getty Images Sports | Getty Images The San Diego Padres have a new base on TV. Major League Baseball will broadcast … Read more
The Hang Seng Index is 20% below its January peak, approaching what is considered a technical bear market. The Hang Seng China Enterprises Index, which measures the 50 largest and most liquid mainland Chinese companies listed in Hong Kong, has already fallen more than 21% from its January peak. People wearing face masks cross a … Read more
Sam Altman, CEO of OpenAI, maker of ChatGPT, along with executives from Google’s AI arm DeepMind and Microsoft were among those who endorsed and signed the short statement. “Mitigation of the risk of AI extinction should be a global priority alongside other society-wide risks such as pandemics and nuclear war,” the statement said. Other tech … Read more
Goldman Sachs braces for its third round of layoffs since September as Wall Street firms adjust to a drop in deal activity. The company is expected to cut fewer than 250 jobs in the coming weeks, according to a person with knowledge of the bank’s plans. Managing directors and some associates will be affected, according … Read more
“As long as they keep talking about global climate change, they’re not going anywhere. Because nobody gives a fuck about it,” said Arnold Schwarzenegger, CBS “Sunday Morning” correspondent Tracy Smith. “We’re talking about pollution. Pollution creates climate change and pollution kills,” Schwarzenegger said. As global investments in clean technologies increase, so do greenhouse gas emissions. … Read more
Thurgood Marshall’s courthouse is pictured in Manhattan in New York, October 15, 2021. Brendan McDermid | Reuters Roberto Mata’s lawsuit against Avianca Airlines was not unlike many other personal injury lawsuits filed in federal court in New York. Mata and his attorney, Peter LoDuca, alleged that Avianca caused injuries to Mata when he was “hit … Read more
Disgraced Theranos CEO Elizabeth Holmes is scheduled to report to jail on Tuesday to begin her more than 11-year sentence. U.S. District Judge Edward Davila ordered Holmes to report by 2 p.m. local time Tuesday to a minimum-security facility in Bryan, Texas. A federal jury in San Jose, Calif., convicted Holmes on four counts of … Read more
As high inflation continues, the financial pressure on many households has worsened. For those feeling financial stress, there are several ways to find some breathing room, experts said. Mini-series | E+ | Getty Images Americans have suffered from “declines in overall financial well-being,” according to a new Federal Reserve annual report on the economic well-being … Read more
