Newsweek's Former Owner Faces Fraud Charges

Newsweek's Former Owner Faces Fraud Charges

Newsweek magazine, the onetime media powerhouse, was at the center of a multimillion-dollar fraud and money-laundering conspiracy, according to an indictment by Manhattan prosecutors that was unsealed Wednesday. Two publishing companies, IBT Media, which owned the magazine, and Christian Media, a faith-based online publisher in Washington, were charged with trying to defraud lenders by pretending […]

Amazon built an AI tool to hire people but had to shut it down because it was discriminating against women

Amazon built an AI tool to hire people but had to shut it down because it was discriminating against women

Amazon worked on building an artificial-intelligence tool to help with hiring, but the plans backfired when the company discovered the system discriminated against women, Reuters reports. Citing five sources, Reuters said Amazon set up an engineering team in Edinburgh, Scotland, in 2014 to find a way to automate its recruitment. The company created 500 computer […]

Activist Investor William Ackman Reveals a Stake in Starbucks

Activist Investor William Ackman Reveals a Stake in Starbucks

William Ackman’s activist hedge fund has built a roughly 1.1% stake in Starbucks Corp., a so-far friendly bet that the coffee giant will recover from recent stumbles and weather the departure of its longtime leader, Howard Schultz. Mr. Ackman unveiled Pershing Square Capital Management LP’s investment in the Seattle coffee company during a presentation Tuesday […]

Mega Millions, Powerball top $700 million combined; Ohio Lottery results

Mega Millions, Powerball top $700 million combined; Ohio Lottery results

CLEVELAND, Ohio — The weekend’s lottery drawings brought no overall winners, so the Powerball and Mega Millions jackpots now total more than $700 million combined. Tuesday’s Mega Millions jackpot is $470 million, while the Powerball prize for Wednesday’s drawing is $282 million. Friday’s Mega Millions numbers are 27-28-32-41-69 Mega Ball 12 Megaplier 2x. Saturday’s Powerball numbers are […]

Pret a Manger: Second person dies from allergic reaction

Pret a Manger: Second person dies from allergic reaction

The customer died in December 2017 after eating a “super-veg rainbow flatbread” that contained a yogurt that was supposed to be dairy-free. But after testing by Pret and two independent authorities, it was later found that the ingredient, supplied by yogurt producer Coyo, contained dairy protein. The Food Standards Agency (FSA) was informed and all […]

Voss Pumpkin Patch draws customers keeping in touch with fall tradition

Voss Pumpkin Patch draws customers keeping in touch with fall tradition

This year, they opened the pumpkin patch Sept. 22, and will continue to sell pumpkins, squash and gourds to customers through Halloween, said Becky Cote. “Or, for as long as we have pumpkins.” Hours are 9 a.m. to 7 p.m. daily. Every year when autumn rolls around, Cote — one of five children of Luke […]

What Are Shorts and Why Does Elon Hate Them?

What Are Shorts and Why Does Elon Hate Them?

It was a rough week for Tesla’s share price. After bouncing back from a major dip it took when the Securities and Exchange Commission threatened to sue CEO Elon Musk, and him then agreeing to settle, it’s been on a new downward slide. And it seems to be because of Musk’s tweets, as usual. This […]

Shares in Software Maker Elastic Soar 94% in First Day of Trading

Shares in Software Maker Elastic Soar 94% in First Day of Trading

Shares of enterprise software company Elastic boomed on the company’s first day trading. The company’s shares, priced at $36 the previous day, closed on Friday at $70, a whopping 94% increase. Elastic raised $252 million in its IPO, but the huge investor interest on Friday means that the company left a lot of money on […]

Europe Stocks Struggle After Asian Technology Rout: Markets Wrap

Europe Stocks Struggle After Asian Technology Rout: Markets Wrap

Europe Stocks Struggle After Asian Technology Rout: Markets Wrap  Bloomberg Dollar boosted as US Treasury yields hit 7-year high  CNBC Bond yields rise to 7-year high. Time to worry?  CNN Bill Gross: This is why bonds are selling off  MarketWatch Full coverage Source link