Business

Target warns of a weak holiday quarter, and plans to cut costs as profits fall and sales slow

A sign outside a Target store on June 07, 2022 in Miami, Florida. Target has announced that it expects to be profitable in the short term, as it identifies unwanted items, cancels orders, and takes aggressive steps to get rid of extra inventory. Joe Riddle | Getty Images targetingIts earnings have decreased by about 50% …

Target warns of a weak holiday quarter, and plans to cut costs as profits fall and sales slow Read More »

Target warns of a weak holiday quarter, and plans to cut costs as profits fall and sales slow

A sign outside a Target store on June 07, 2022 in Miami, Florida. Target has announced that it expects to be profitable in the short term, as it identifies unwanted items, cancels orders, and takes aggressive steps to get rid of extra inventory. Joe Riddle | Getty Images targetingIts earnings have decreased by about 50% …

Target warns of a weak holiday quarter, and plans to cut costs as profits fall and sales slow Read More »

Toyota Prius introduces a new hybrid with more power, range and style

TOKYO (AP) — Toyota’s new gas-electric hybrid Prius doesn’t just come with more power, acceleration and driving range. It’s also a bit sleeker, ditching the somewhat blocky, angular body for a sleek futuristic look. Unveiling the car in Tokyo on Wednesday, Simon Humphreys, senior general manager of Toyota’s global design, stressed that the company still …

Toyota Prius introduces a new hybrid with more power, range and style Read More »

US household debt jumps to $16.5 trillion, the fastest rise since 2008

US household debt jumps to $16.5 trillion — an 8.3% increase in the fastest rise since 2008 — as inflation prompts Americans to tap lines of credit to withstand rising prices. US household debt rose 8.3% last year, the fastest pace since 2008 Household borrowing totaled $16.51 trillion in the third quarter Credit card, mortgage …

US household debt jumps to $16.5 trillion, the fastest rise since 2008 Read More »

The Department of Transportation requires six airlines to pay $600 million in refunds to customers

Air travelers who have been waiting a while on refunds from their airlines are now getting what they deserve. The US Department of Transportation announced Monday that it has taken “historic enforcement action” against six airlines to pay $600 million in fines to hundreds of thousands of people owed refunds for flight cancellations. The DOT …

The Department of Transportation requires six airlines to pay $600 million in refunds to customers Read More »

Senator Loomis: FTX has “Ponzi scheme-like behavior”

Sen. Cynthia Loomis (R-NY) has likened some aspects of the FTX collapse to a Ponzi scheme, as the bankruptcy of a cryptocurrency exchange prompted a review of a cryptocurrency regulation bill that she and Sen. Kirsten Gillibrand (D-NY) introduced in June. “Certainly when you pull customer assets out of FTX, send them to support Alameda, …

Senator Loomis: FTX has “Ponzi scheme-like behavior” Read More »

Mark Cuban Says FTX Indulgence Isn’t an Explosion in Crypto – Shows Why He’s Invested in Crypto – Featured Bitcoin News

Shark Tank star and NBA Dallas Mavericks owner Mark Cuban says recent explosions in the crypto space, including the FTX implosion, were “banking explosions,” not crypto explosions. He also explained why he made the investment in cryptocurrency. The recent explosions are not specific to cryptocurrency Mark Cuban made it clear on Twitter Saturday that the …

Mark Cuban Says FTX Indulgence Isn’t an Explosion in Crypto – Shows Why He’s Invested in Crypto – Featured Bitcoin News Read More »

I love Steve Jobs Birkenstocks. His old pair just sold for over $218,000.

Comment on this story Suspension When it comes to fashion, Steve Jobs, the late founder of Apple, is best known for his laid-back outfit of black turtleneck, jeans, and dad sneakers. But the tech giant also had something in common with today’s supermodels and TikTok influencers: a love of Birkenstocks. On Sunday, an undisclosed buyer …

I love Steve Jobs Birkenstocks. His old pair just sold for over $218,000. Read More »

Toyota Prius introduces a new hybrid with more power, range and style

TOKYO (AP) — Toyota’s new gas-electric hybrid Prius doesn’t just come with more power, acceleration and driving range. It’s also a bit sleeker, ditching the somewhat blocky, angular body for a sleek futuristic look. Unveiling the car in Tokyo on Wednesday, Simon Humphreys, senior general manager of Toyota’s global design, stressed that the company still …

Toyota Prius introduces a new hybrid with more power, range and style Read More »