NFT auctions from Beeple, Madonna flop amid crypto crash

NFT auctions from Beeple, Madonna flop amid crypto crash

The once-sizzling market for NFTs has become a spectacular bust, as high-profile auctions increasingly flop and investors who plunked down millions for bizarre digital artworks now struggle to unload them at a tiny fraction of what they paid. Last spring, the little-known crypto artist Beeple sold an NFT for an eye-popping $69 million. This month, … Read more

CNN’s Jake Tapper cuts off Biden adviser who blamed gas prices on Putin

CNN's Jake Tapper cuts off Biden adviser who blamed gas prices on Putin

CNN anchor Jake Tapper intervened on Monday after one of President Biden’s top economic advisers sought to blame the record surge in gas prices on Russian President Vladimir Putin’s decision to invade Ukraine. The exchange occurred after Tapper pressed White House National Economic Council Director Brian Deese for answers on how long Americans will face … Read more

Amazon shareholders set to pressure company over CEO pay, worker injuries at annual meeting

Amazon shareholders set to pressure company over CEO pay, worker injuries at annual meeting

The heat is on at Amazon. The e-commerce giant is expected to take flak from shareholders and critics — including several New York politicians — over worker safety issues, anti-union tactics and CEO Andy Jassy’s $214 million pay package at the company’s annual shareholder meeting on Wednesday.  New York City Comptroller Brad Lander will speak … Read more

Snapchat, Meta and Google shares plummet after dire economic warning

Snapchat, Meta and Google shares plummet after dire economic warning

Oh Snap!  Shares of Snapchat’s parent nosedived 43% on Tuesday after the disappearing-photos app sounded alarm bells about a slowing economy killing digital advertising revenue. “The macroeconomic environment has deteriorated further and faster than anticipated,” Snap said in a Securities and Exchange Commission filing on Monday, adding that it’s expecting lower revenue and profit for … Read more

Todd Boehly-led consortium’s takeover of Chelsea approved

Todd Boehly-led consortium's takeover of Chelsea approved

The Boehly-Clearlake consortium, which agreed to terms to acquire Chelsea for $5.33 billion earlier this month, passed the Premier League Owners’ and Directors’ Test, the league said on Tuesday, paving the way for the club’s takeover. The proposal also needs approval from the British government before the consortium can complete the acquisition, with a week remaining before … Read more

Jif peanut butter recall expanded due to potential salmonella contamination

Jif peanut butter recall expanded due to potential salmonella contamination

Cargill is recalling several products infused with Jif peanut butter due to potential salmonella contamination.  Cargill’s voluntary recall includes certain lots of its Milk and Dark Chocolate Covered Peanut Butter Ritz Crackers, Peanut Butter Meltaways and Peanut Butter Eggs and Fudge, according to the recall notice posted by the Food and Drug Administration.   The affected products … Read more