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Category: Business

The summer rally has been very bullish, but strategists say a big sell-off next month is possible
Business

The summer rally has been very bullish, but strategists say a big sell-off next month is possible

Davidby DavidAugust 16, 20220

Stocks’ summer rally may mean the worst of the bear market is over, but chart-watching strategists say another big decline is possible in September. In …

Bitcoin, Ethereum, Dogecoin rally stalls as Chinese data disappoints: Are investors already engaged in profit-taking?
Business

Bitcoin, Ethereum, Dogecoin rally stalls as Chinese data disappoints: Are investors already engaged in profit-taking?

Davidby DavidAugust 16, 20220

Bearish sentiment kept major coins lower on Monday night as the global cryptocurrency market cap fell 1.05% to $1.15 trillion at press time. Price performance …

Tech industry reacts to Adam Neumann’s a16z-backed return to real estate TechCrunch
Business

Tech industry reacts to Adam Neumann’s a16z-backed return to real estate TechCrunch

Davidby DavidAugust 16, 20220

WeWork co-founder and former CEO Adam Neumann’s career has felt synonymous with the rise and eventual fall of unicorn dreams. The entrepreneur, whose fall from …

Gilead’s Trodelvy scores ‘surprising’ OS win in metastatic breast cancer, but data will wait for upcoming conference – Endpoints News
Business

Gilead’s Trodelvy scores ‘surprising’ OS win in metastatic breast cancer, but data will wait for upcoming conference – Endpoints News

Davidby DavidAugust 16, 20220

Gilead Sciences said Monday morning that Trodelvy is the first TROP-2-targeted ADC to show statistically significant and “clinically meaningful” results in overall survival from a …

Dodge Challenger, Charger will be discontinued in 2023
Business

Dodge Challenger, Charger will be discontinued in 2023

Davidby DavidAugust 16, 20220

2022 Dodge Charger SRT Hellcat (left) and 2022 Dodge Challenger SRT Super Stock doll DETROIT — Dodge will phase out its gasoline-powered Challenger and Charger …

More than 2 million infant swings and rockers recalled after 10-month-old dies
Business

More than 2 million infant swings and rockers recalled after 10-month-old dies

Davidby DavidAugust 15, 20220

More than 2 million MamaRoo swings and RockaRoo rockers are being recalled following the choking death of a 10-month-old and a close call involving another …

Michael Burry dumps stock portfolio after warnings of market crash
Business

Michael Burry dumps stock portfolio after warnings of market crash

Davidby DavidAugust 15, 20220

Michael Burry’s Scion Capital Management dumped its entire stock portfolio in the second quarter as the “Big Short” hedge fund legend stepped up its warnings …

Restaurants can be a cheaper option than groceries with inflation
Business

Restaurants can be a cheaper option than groceries with inflation

Davidby DavidAugust 15, 20220

American consumers are experiencing the steepest food growth in more than 40 years. The inflation gap between restaurants and grocery stores has not been this …

Hedge fund manager Dan Loeb buys new stake in Disney and pushes for ESPN spinoff
Business

Hedge fund manager Dan Loeb buys new stake in Disney and pushes for ESPN spinoff

Davidby DavidAugust 15, 20220

Dan Loeb Justin Solomon | CNBC Daniel Loeb’s Third Point has taken a new stake in Disney, pushing the entertainment giant to spin off its …

Chinese tech giants share details of their algorithms with regulators
Business

Chinese tech giants share details of their algorithms with regulators

Davidby DavidAugust 15, 20220

China has introduced rules aimed at governing how technology platforms use recommendation algorithms. It is part of a broader push by Beijing to more closely …

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