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Ex-Morgan Stanley adviser charged with alleged NBA dishonest
Courtney Lee #5 and Chandler Parsons #25 of the Houston Rockets arrive together during their game at the Staples Center April 6, 2012 in Los Angeles, California. Andrew D Bernstein | National Basketball Association | Getty Images Former MorganStanley Advisor Darryl Cohen was arrested Thursday morning for allegedly cheating on current and former NBA players…
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FAA broadcasts plan to keep away from flight delays in NYC, DC this summer season
A United Airlines at LaGuardia International Airport in New York. Adam Jefferies | CNBC The Federal Aviation Administration on Wednesday announced measures to try to avoid a repeat of disruptions at airports serving New York City and Washington DC this summer as they deal with a shortage of air traffic controllers at a key facility…
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GameStop (GME) This fall 2022 earnings
GameStop on Tuesday posted quarterly earnings for the first time in two years and ended its fiscal year on a strong note in the holiday quarter after grappling with falling sales, inventory issues and cash flow pressures. The company’s shares are up more than 45% during after-hours trading. For the quarter ended January 28, net…
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Virgin Orbit is scrambling to keep away from chapter as deal talks proceed
Virgin Orbit’s LauncherOne rocket on display in Times Square, New York. CNBC | Michael Sheetz Virgo Orbit is scrambling to secure a funding lifeline and avoid bankruptcy, which could come as soon as this week without a deal, CNBC has learned. The rocket maker suspended operations last week and furloughed most of the company, CNBC…
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Disneyland’s reopening of Toontown with an inclusive design
Mickey Mouse, Minnie, Donald, Daisy, Clarabelle, Goofy, Pluto and Pete stand in front of Mickey’s house in the renovated Toontown at Disneyland. Disney Parkgoers at Disneyland in Anaheim, California can finally return to Mickey’s Toontown this weekend after a year-long closure for renovations. The cartoon-inspired land has long been a haven for Disney’s younger parkgoers,…
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Organized crime plagues retailers and fuels debate
America’s largest retailers say organized retail crime has become a multibillion-dollar problem, but the effectiveness of their strategies to solve it and the overall validity of the data have been called into question. In recent years, companies such as home depot, lowes, Walmart, best buy, Walgreens And CV Organized gangs of thieves are sounding the…
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Outcomes of FedEx (FDX) Q3 2023
This photo shows the FedEx logo on February 16, 2023 in Washington DC, USA. Celal Gunes | Anadolu Agency | Getty Images FedEx lifted its full-year earnings guidance on Thursday as cost-cutting measures offset continued weakness in demand at units like FedEx Express. FedEx now expects fiscal 2023 adjusted earnings per share to be between…
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Retailers launch recession playbook
A woman carries bags of J.Crew, Nordstrom, UGG and Victoria’s Secret merchandise at King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania. Mark Makela | Getty Images The US economy may not be in recession, but it feels like it is in many businesses across the country. Take Kroger for example.…
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Airline shares slide regardless of CEOs’ optimistic demand outlook
A JetBlue airplane at Ronald Reagan Washington National Airport in Arlington, Virginia on March 9, 2023. Stefanie Reynolds | AFP | Getty Images Airline stocks fell on Wednesday as the market fell across the board on worries about the health of some banks and new data showing a slowdown in consumer spending. The NYSE Arca…
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Michael Jordan’s ‘Final Dance’ sneakers are up for public sale
Michael Jordan’s 1998 NBA Finals Game 2 Air Jordan 13s from The Last Dance season are expected to sell for $2/4 million. Courtesy: Sotheby’s An iconic pair of Air Jordan sneakers is up for sale and is expected to be the most expensive pair of sneakers ever seen at auction, with an estimated retail price…
