More from Simone Del Rosario
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Peloton responds after ‘Sex and the City’ reboot causes stock to plummet
Peloton released a video advertisement on Twitter Sunday that appeared to be a response to a plot line in the new “Sex and the City” reboot “And Just Like That…”. Spoiler alert: in the reboot, which premiered on HBO Max last Thursday, beloved character “Mr. Big” was killed off the show due to a heart attack… -
5 strange supply shortage casualties, from cream cheese to peppermint
Is there anything more New York than a bagel with cream cheese? The news bagel shops are suffering from a cream cheese shortage is the talk of the town. That got me wondering: What other everyday items have become supply chain shortage casualties? #5: Cream cheese This schmear shortage is serious stuff. Bagel shops order thousands of… -
How Grinch bots are trying to steal Christmas
The Grinch is coming to rob holiday cheer, just not through the chimney. Grinch bots are here to steal Christmas deals online. These virtual scalpers are scanning the internet, buying up all the goodies consumers want for the holidays. They then resell the products on sites like eBay at much higher prices. ‘It’s absolutely legal’ “It’s absolutely… -
Survey: American workers to get largest one-year wage bump since 2008
According to The Conference Board’s November Salary Increase Budget Survey published Tuesday, American workers are expected to see a wage bump of about 3.9% in 2022. Not only is that figure up from the 3% number reported in April, but it’s also the highest year-to-year wage bump since 2008. The estimated wage bump for American… -
Rep. Devin Nunes to quit Congress, become CEO of Trump media company
Trump Media & Technology Group (TMTG), the media company started by former President Donald Trump, announced Monday it has tapped Representative Devin Nunes (R-CA) to be the company’s CEO. Rep. Nunes will make the transition from Congress to his new position at the end of the year. “The United States of America made the dream… -
Bitcoin begins to stabilize following weekend sell-off
Bitcoin dropped by almost 5% on Monday after a bruising weekend when, at one point, it lost over a fifth of its value. It’s now trading at roughly $49,200, down from about $57,000 at the beginning of December. Traders said the fall was connected to a broad move away from riskier assets in traditional markets… -
Zoom, Peloton not the only stocks to see Omicron boost after COVID variant news
The news of a new COVID-19 variant had the stock market seeing red this past week, but some stocks actually got an Omicron boost while the rest of the market got spooked. #5: Stay-at-home stocks Two of the stock market’s favorite pandemic plays, Zoom and Peloton, have had a rough go with reopening. But both… -
Jerome Powell, Janet Yellen ditch “transitory” term to describe inflation
Update (12/2/21): A day after Federal Reserve Chair Jerome Powell’s two-day campaign to distance himself from the term “transitory” to describe inflation, Treasury Secretary Janet Yellen appeared to do so as well Thursday. Her comments came in an interview at the Reuters Next Conference. “I’m ready to retire the word transitory,” Yellen said. “I can agree… -
Wall Street, consumer confidence tumble amid Omicron variant concerns
Stocks fell on Wall Street at the start of trading Tuesday, amid new details regarding the Omicron variant. Those details included comments from Moderna CEO Stephane Bancel, who told the Financial Times he expected current vaccines would struggle with the variant. “There is no world, I think, where [the effectiveness] is the same level . . . we… -
Naughty or nice: Buy now, pay later plans like Affirm, Afterpay
Payment plans commonly referred to as ‘buy now, pay later’ are making a big impression this holiday season. But are Affirm, Afterpay and others a steal of a deal or a case of buyer beware? It depends on who you ask. Think of buy now, pay later as the Gen Z version of an old-school… -
5 purchases to avoid on Black Friday
Americans will collectively spend billions of dollars on Black Friday but not everything is a good deal. These are the five worst purchases consumers can make on Black Friday this year. #5: Winter clothing Sure, it’s nice to look festive this time of year. But by waiting until at least January — when it’s really… -
Looking to lower gas prices, Biden orders release of 50M barrels of oil
The White House announced Tuesday morning President Joe Biden has ordered the release of 50 million barrels of oil from the Strategic Petroleum Reserve. The move comes as “American consumers are feeling the impact of elevated gas prices at the pump and in their home heating bills,” according to the White House. “American businesses are,… -
Not as good as they usually are: Black Friday deals not immune to inflation
Just like most things have been over the past several months, it appears Black Friday deals will also be affected by inflation. According to a blog post from computer software giant Adobe published last month, “U.S. consumers will pay 9 percent more on average during Cyber Week this year, compared to the last holiday season.”…