Ether (ETH) price surpasses bitcoin (BTC) as ethereum merger approaches

Ether (ETH) price surpasses bitcoin (BTC) as ethereum merger approaches

Ether has vastly outperformed bitcoin since both cryptocurrencies bottomed out in June 2022. Ether’s superior gains have come as investors anticipate a major upgrade to the ethereum blockchain dubbed “the merger”. Getty Images Since bottoming out in mid-June, ether has significantly outperformed bitcoin as investors anticipate a major upgrade to the ethereum blockchain. Bitcoin hit … Read more

Starbucks chief of operations leaves as coffee chain eliminates ‘reinvention’ role

Starbucks chief of operations leaves as coffee chain eliminates ‘reinvention’ role

Starbucks Chief Operating Officer John Culver is leaving the company after two decades from the coffee chain, as part of a restructuring that will eliminate his role. His departure comes in the midst of a wider reshuffle of executives at Starbucks. Former CEO Kevin Johnson retired earlier this year, returning Howard Schultz to the helm … Read more

Activist investor Ryan Cohen completes planned sale of Bed Bath & Beyond stake, stock drops 30%

Activist investor Ryan Cohen completes planned sale of Bed Bath & Beyond stake, stock drops 30%

Activist investor Ryan Cohen has exited his position in retailer Bed Bath & Beyond, according to a securities filing released Thursday afternoon. The filing shows that Cohen’s RC Ventures dumped its shares Tuesday and Wednesday at prices between $18.68 per share and $29.22 per share. The company also sold its call options. Cohen said in … Read more

5 most expensive cars for sale at Pebble Beach

5 most expensive cars for sale at Pebble Beach

1958 Maserati Source: Motorcar Studios ©2022 Courtesy of RM Sotheby’s Classic cars auctioned this week in Monterey, California, are expected to break records. Auction sales at Monterey Car Week are expected to be between $300 million and $490 million, according to Hagerty Automotive Intelligence, the classic auto insurance and collector’s lifestyle company. Experts say sales … Read more

Cisco, BJ’s Wholesale, Bed Bath & Beyond, Kohl’s and more

Cisco, BJ’s Wholesale, Bed Bath & Beyond, Kohl’s and more

A customer walks down an aisle of a BJ’s Wholesale Club Inc. store in Falls Church, Virginia, USA Bloomberg | Bloomberg | Getty Images Check out the companies making the biggest moves in the afternoon: Cisco Systems – Shares of the network equipment maker rose 5.8%. The company reported earnings that exceeded estimates after the … Read more

Home sales fell nearly 6% in July as the housing market slides into recession

Home sales fell nearly 6% in July as the housing market slides into recession

A sign is posted in front of a home for sale on July 14, 2022 in Corte Madera, California. Justin Sullivan | Getty Images According to a monthly report from the National Association of Realtors, sales of previously owned homes fell nearly 6% in July from June. Sales fell to an annualized seasonally adjusted rate … Read more

Russia offers Mother Heroine medal and $16,000 for having 10 children

Russia offers Mother Heroine medal and ,000 for having 10 children

Russian women who have and raise 10 children are awarded a “Mother Heroine” Medal. The Russian government has announced that it is reviving the Soviet-era “Mother Heroine” honorary title for women with 10 or more children as it faces a population decline that has accelerated since the invasion of Ukraine. According to a decree signed … Read more

Child polio vaccination rate low in some areas of New York, increasing risk of outbreaks

Child polio vaccination rate low in some areas of New York, increasing risk of outbreaks

Nurse Lydia Fulton prepares to administer the measles, mumps and rubella vaccine (MMR), as well as a vaccine used to help prevent the diseases diphtheria, whooping cough, tetanus and polio at the Children’s Primary Care Clinic in Minneapolis, MN. Courtney Perry | The Washington Post | Getty Images The vaccination rate for childhood polio is … Read more

Jobless claims are lower as the Fed tries to cool the labor market

Jobless claims are lower as the Fed tries to cool the labor market

Initial jobless claims fell slightly last week, although they were consistent with a rise in layoffs that began in the spring, the Labor Department reported Thursday. In the week ending Aug. 13, the number of jobless claims was 250,000, down 2,000 from the previous week and below the 260,000 Dow Jones estimate. The four-week moving … Read more

Russia warns nuclear power plant’s radioactive material could cover Europe

Russia warns nuclear power plant’s radioactive material could cover Europe

Rescuers from the Ukrainian Ministry of Emergencies attend an exercise in the city of Zaporizhzhya on August 17, 2022, in the event of a possible nuclear incident at the Zaporizhzhya nuclear power plant near the city. Dimitar Dilkoff | AFP | Getty Images Russia’s defense ministry warned on Thursday that if an accident happens at … Read more