Former Abercrombie & Fitch CEO Mike Jeffries has been arrested on interstate sex trafficking and prostitution charges, prosecutors announced Tuesday. Jeffries was arrested in West Palm Beach, Florida. Two other associates, Matthew Smith of West Palm Beach and James Jacobson of Wisconsin, were also arrested on sex trafficking charges. They are expected to appear today … Read more
Surgical schedules across the country could be canceled for several more weeks while a crucial IV and sterile fluid plant remains closed due to hurricane damage. People often schedule elective surgeries in the fall and early winter, when their insurance coverage picks up more of the bill, but they may have to wait while health … Read more
The global economy has managed to avoid falling into a recession even as the world’s central banks raised interest rates to their highest levels in years to try to tame rapid inflation, the International Monetary Fund said Tuesday . But the IMF, in a new report, also warned that escalating violence in the Middle East … Read more
Shari’s Cafe & Pies, a family-owned restaurant chain founded in Hermiston and long known for its pies, hexagonal buildings and 24-hour service, has closed its Portland-area restaurants and appears to have disappeared in Oregon for good . Sunday’s closures affected restaurants in Beaverton, Gresham, Hillsboro, Oregon City, Portland and more. Locations elsewhere in the state … Read more
U.S. stocks fell Tuesday as investors digested the recent bond market selloff and prepared for the next wave of earnings reports. The S&P 500 (^GSPC) fell more than 0.5%. The Dow Jones Industrial Average (^DJI) fell more than 120 points, or about 0.3%, while the tech-heavy Nasdaq Composite (^IXIC) slipped about 0.6%. Stocks are under … Read more
See the companies making headlines before the bell. Cheesecake Factory — Shares gained more than 3% after activist investor JCP Investment Management took a stake in the company and asked it to consider spinning off three of its brands into a separate company. General Motors — Shares fell slightly even after the automaker reported third-quarter … Read more
General Motors (GM) gave investors something to cheer about early Tuesday morning after the automaker raised its forecast for the third time this year, in addition to easily beating revenue and profit expectations for the third trimester. For the quarter, GM reported revenue of $48.78 billion, well above Bloomberg consensus estimates of $44.69 billion, and … Read more
U.S. stock futures retreated Tuesday, setting the Dow Jones up for another downbeat day as investors rethink the outlook for lower interest rates and prepare for the next wave of earnings reports. Dow Jones Industrial Average futures fell about 0.5%, after a heavy closing loss. S&P 500 futures () also slipped 0.5%, while tech-heavy Nasdaq … Read more
Ms. Wojcicki and her board had been at odds for months. In a shocking move, the entire board of 23andMe, a Francisco-based DNA testing company, resigned in September, following a heated month-long battle over the co-founder and CEO’s plans Anne Wojcicki to privatize the company. As a result, Ms. Wojcicki, who controls 49.75% of the … Read more
A bronze bull statue in front of the Bombay Stock Exchange (BSE) building in Mumbai, India, Monday, June 3, 2024. Indian stock futures surged after exit polls indicated a resounding victory for Prime Minister Narendra Modi’s ruling party in the general elections that ended on Saturday. . Photographer: Dhiraj Singh/Bloomberg via Getty Images Bloomberg | … Read more