Britain’s biggest retailer Tesco on Monday named Burberry boss Gerry Murphy as chairman, replacing John Allan who stepped down after misconduct claims which he denies. Murphy, chair of fashion house Burberry and food group Tate and Lyle, will start at Tesco on September 1, the supermarket chain said in a statement. He will depart Tate…
ollar Tree has seen a tremendously successful year in terms of revenue. In Q1 2023, the discount destination experienced a 3.4% increase in same-store sales, and corporate also opened 107 new stores. Despite its success, critical speculation of the company has been rampant, per BestLife, with concerns over safety violations within its stores rising. See: 8 Essentials…
here’s good reason why Rivian Automotive (NASDAQ: RIVN) shares are soaring to start the holiday-shortened trading week. As of 11 a.m. ET, Rivian stock was higher by 12.6% after starting the day up by as much as 16.4%. So what Rivian shares are down by more than 80% since the start of 2022. That’s because…
Increased sales of the Chrysler Pacifica minivan and Jeep Compass and Dodge Durango SUVs pushed Stellantis’ second-quarter U.S. new vehicle sales up 6.4% from a year earlier. Stellantis’ sales increase is expected to be among the lowest of the second quarter, according to auto industry forecasters who project industry sales to have increased 16% to…
-Rivian Automotive beat market estimates for second-quarter deliveries on higher production and stable demand for its electric vehicles, sending the company’s shares up more than 14% on Monday. The quarterly delivery numbers are a positive sign for the EV startup that has for months struggled to raise output in the face of supply-chain disruptions and…
Legal news Prosecutors banned key officials from Haru Investment, Delio, and B&S Holdings from leaving South Korea in connection with “the criminal complaint of digital asset managers for “serial suspending withdrawals” fraud,” Digital Asset reported. The ban has been imposed as a preemptive measure to prevent the executives from leaving the country, while the Seoul Southern District Prosecutors’ Office allegedly investigates a…
A culprit in the infamous 2020 Twitter hack who phished thousands of dollars in Bitcoin from Twitter users has been sentenced to five years in prison for his crime, as well as for a separate SIM swapping scheme. During the sentencing in the U.S. District Court for the Southern District of New York on Friday,…
A new exchange-traded fund (ETF) backed by Bitcoin (BTC) futures and with 2x leverage is set to go live on Tuesday after the Securities and Exchange Commission (SEC) appears to have given the greenlight. The ETF, sponsored by Volatility Shares Trust, will be listed on the CBOE BZX Exchange under the ticker BITX, according to an SEC filing….
Disgraced crypto boss Sam Bankman-Fried had shot a tutorial video on cryptocurrency for MasterClass, a platform that offers courses taught by celebrity experts. The video, made last summer, was not included with other lessons presented by crypto and blockchain experts that MasterClass announced in December last year following FTX’s collapse in November. Bankman-Fried’s MasterClass was apparently scrapped after it…
Asset management giant BlackRock’s recent application to launch a Bitcoin exchange-traded fund (ETF) has stirred a debate within the crypto community, with mixed reactions and concerns about the involvement of traditional financial giants in the industry. The world’s largest asset manager’s move to enter the crypto space is seen by many as a significant validation for the…
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