More from Simone Del Rosario
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Tom Brady, Shaquille O’Neal, 9 other celebs sued in FTX class action
Nearly a dozen high profile celebrities are named defendants in a class action lawsuit against the failed cryptocurrency exchange FTX. Tom Brady, Stephen Curry and Shaquille O’Neal headline a list of playmakers who endorsed the platform through various campaigns. The lawsuit loops in 11 celebrities and the Golden State Warriors with FTX founder Sam Bankman-Fried,… -
From World Cup stadium to housing, 5 ways to repurpose shipping containers
The COVID-19 pandemic created an unprecedented shipping crunch with consumption off the charts. But now the industry is left with an excess of shipping containers as demand for goods falls. Container depots are filling with the empty vessels, raising questions about what to do with these giant steel boxes. Here are some creative ways shipping… -
Retail results a mixed bag before hottest shopping week of year
It’s the most critical time of the year for retail stores but Target isn’t feeling the holiday cheer. The company’s huge miss in earnings in the third quarter sent shares tumbling more than 16% Wednesday morning and forecast more doom for the company’s holiday season. Target said shoppers were increasingly feeling the impact of inflation… -
FTX catastrophe could be turning point for cryptocurrency regulation
The collapse of cryptocurrency exchange FTX is unprecedented, and in some ways, unbelievable. As the firm seeks bankruptcy protection, at least $1 billion in customer funds is missing, according to a Reuters report. A bankruptcy court filing revealed debtors have been in contact with the U.S. attorney’s office, the Securities and Exchange Commission, the Commodity Futures… -
China’s Alibaba keeps sales results secret from Super Bowl of shopping days
China’s Singles’ Day is the Super Bowl of all shopping days, putting Black Friday and Cyber Monday to shame. It has fallen on Nov. 11 of every year dating back to 2009, but how last week’s extravaganza went is a mystery. For the first time in the event’s 14-year history, e-commerce giant Alibaba failed to… -
How FTX went from crypto giant to bankrupt and under investigation
Embattled cryptocurrency exchange FTX filed for bankruptcy protection Friday after a week of catastrophic hits to the platform. The company also announced that Founder and Chief Executive Officer Sam Bankman-Fried, known as SBF, is stepping down. The collapse of FTX this week has rippled through the entire cryptocurrency realm, tanking coin values. Bitcoin’s value dropped… -
Inflation eased more than expected, consumer prices increase 7.7% on year
Inflation is easing as consumer prices in October rose 7.7% from a year ago, the lowest annual gain since January 2022. The increase recorded by the Bureau of Labor Statistics was below analyst expectations of 7.9%. Monthly prices also fell below expectations, up 0.4% compared to 0.6% expected. Annual core inflation, which strips out food… -
Meta executes major layoffs as worries grow over another dot-com crash
Tech stocks have had a terrible, horrible, no good, very bad year. Take Meta, which announced Wednesday it is laying off 13% of its staff, or more than 11,000 employees. The company’s stock is down about 70% in 2022 amid declining sales and profit and rising expenses. And while Meta’s year may be exceptionally bad… -
Navarrette: Democratic Party has ‘forgotten’ how to talk to Latino voters
Experts have said over and over again that Latinos are not a monolith. That’s particularly clear in states like Florida, Nevada and Arizona. We’re currently waiting for results in those last two states, where Latinos have been seriously courted in recent weeks. “Latino voters are nothing if not assimilate into the mainstream. They care about… -
Barr: Republicans should focus on ‘substance, not politics’ if they win power
While neither the House nor the Senate had been called for either party as of midnight EST Wednesday, Republicans went into election night projected by many to take at least one from Democratic control. Republicans have already previewed a potential mass probe into the FBI and Justice Department should they win power of Congress. However,… -
Shrum: 2022 Midterms ‘better than expected’ for Democrats
As results come in, the House is still projected to likely go to Republicans and the Senate remains a toss-up. But one political insider said the Democrats have done better than expected. “This is the best performance for an incumbent president’s party in a midterm election since 2002. This is not a red wave, it’s… -
Taylor: ‘Huge’ turnout key in Johnson-Barnes, Evers-Michels races
As seen in other states on election night, Wisconsin had many tight races for Senate and governor. As of 11:00 p.m. EST, the race between Sen. Ron Johnson (R-WI) and Democratic challenger Mandela Barnes was nearly a tossup, and Gov. Tony Evers (D-WI) held a slight lead over Republican challenger Tim Michels. According to State… -
Davidson: Democrat Ryan campaigned ‘like a Republican’ against Vance
Ohio’s status as a swing state was in question before the midterms after safely voting Republican the last two general cycles. Democrat Tim Ryan is trying to change that against Republican J.D. Vance in the race for retiring Republican Sen. Rob Portman’s seat. Ohio’s District 8 House race isn’t as close. “It shouldn’t be a…