Stocks tank as Amazon, Apple reports worry investors

Stocks tank as Amazon, Apple reports worry investors

US stocks tumbled Friday to cap a week of volatile trading as investors reacted to downbeat earnings reports from blue-chip tech firms and worrisome economic data. The Dow Jones Industrial Average plummeted 939.18 points, or 2.77%. The tech-heavy Nasdaq index fell 536.89 points, or 4.17%, and the broad-based S&P 500 sank 155.62 points, or 3.6%. … Read more

Inside the Disney family’s ‘not unified’ front amid ‘Don’t Say Gay’ outrage

Inside the Disney family's 'not unified' front amid 'Don't Say Gay' outrage

When Florida Gov. Ron DeSantis began his attacks against the Walt Disney Company last month — over its opposition to his so-called “Don’t Say Gay” legislation — the Disney family did what it has done for decades: Mostly stayed silent. “In general, the whole family is very conservative and they keep to themselves,” author and Disney … Read more

Russian users sue Apple after payment service pulled

Russian users sue Apple after payment service pulled

A Russian law firm on Friday said it had filed a lawsuit against tech giant Apple seeking $1.28 million in damages for consumers affected by Apple withdrawing its payment service from Russia. Apple did not immediately respond to a request for comment. Law firm Chernyshov, Lukoyanov & Partners said Apple had violated Russian consumers’ rights after the company restricted the … Read more

Dodgers part-owner Todd Boehly in talks to acquire Chelsea FC: report

Dodgers part-owner Todd Boehly in talks to acquire Chelsea FC: report

A group of investors led by Los Angeles Dodgers part-owner Todd Boehly is reportedly on the verge of paying $3 billion for Chelsea Football Club, the London-based Premier League team that is being sold by sanctioned Russian oligarch Roman Abramovich. Boehly, the investment banker who co-founded Greenwich, Connecticut-based holding company Eldridge Industries, is expected to … Read more

Tesla recalls 48,000 US vehicles over speed display

Tesla recalls 48,000 US vehicles over speed display

Tesla is recalling about 48,000 Model 3 Performance vehicles in the US because they may not display the speedometer while in “Track Mode,” documents released Friday show. The recall covers vehicles from the 2018 through 2022 model years. Tesla will perform an over-the-air software update to address the issue. Tesla said a firmware update released in December unintentionally removed the speed unit from … Read more

Key inflation gauge jumped 6.6% in March, most since 1982

Key inflation gauge jumped 6.6% in March, most since 1982

An inflation gauge closely tracked by the Federal Reserve surged 6.6% in March compared with a year ago, the highest 12-month jump in four decades and further evidence that spiking prices are pressuring household budgets and the health of the economy. Yet there were signs in Friday’s report from the Commerce Department that inflation might be slowing … Read more