Clubhouse, the live audio app that once drew big buzz and interest in a multi-billion-dollar takeover, is “resetting” and letting go of 50% of its staff of a few dozen workers. Founders Rohan Seth and Paul Davison sent a memo to employees to break the news Thursday. “We’re deeply sorry […]

The U.S. Department of Agriculture’s Food Safety and Inspection Service or FSIS announced two beef product recalls by Monroe, Wisconsin-based Bruno Beef Strips as well as Forest Park, Illinois-based Weinstein Wholesale Meats, Inc. Bruno Beef Strips recalled around 7,452 pounds of ready-to-eat or RTE snack stick beef strips due to […]

Florida Governor Ron DeSantis slammed The Walt Disney Co.’s lawsuit over his effort to strip the company of authority over its sprawling Walt Disney World property. DeSantis called the litigation without “merit” and “political,” while defending his moves against the Mouse House as merely putting the company on an equal […]

Fund managers are withdrawing after a two-year long run in public sector bank (PSB) stocks. Domestic mutual funds (MFs) were net sellers of PSB stocks for the first time in nine quarters, offloading shares worth Rs 1,800 crore in the March quarter, said a report by ICICI Securities. In the […]

The IMD defines a normal monsoon as one which delivers between 96 and 104 per cent of the 50-year average rainfall for the season. Contradictory monsoon forecasts have come in ahead of potentially the fifth straight year of normal or above normal rainfall for the country. Private agency Skymet suggested […]

European stocks are seen opening on a mixed note Thursday as investors await more U.S. earnings and economic data for directional cues. Tesla missed profit estimates in the first quarter of 2023 as margins took a hit from a series of aggressive price cuts. On the contrary, technology pioneer IBM’s […]

After moving modestly lower early in the session, stocks have regained ground over the course of the trading day on Wednesday. The major averages have all climbed well off their lows of the session. Currently, the major averages are narrowly mixed. While the Nasdaq is up 11.61 points or 0.1 […]

This year certainly started off better than last year, but over the past 16 months the Dow Jones industrials are down almost 8%, the S&P 500 over 12% and the Nasdaq a stunning 13%. Despite a solid rally to start the year, we are still just treading water, and we […]

The WGA, in a message to members accompanying its new set of “Strike Rules,” is answering frequently asked questions about a possible strike that could happen as soon as May 2. And the answer to many of the questions is “No.” The list ranges from unemployment insurance for strikers (you […]

Less than a week before the Writers Guild of America’s latest contract expires, the guild today sent out strike rule to its members in highly anticipated labor action hitting Hollywood on the morning of May 2. In an email that just went to guild members, Corey Kniss and Ann Burdick […]