Author: News Room
A shooting in the occupied West Bank and a car-ramming in Tel Aviv killed two Israelis and a tourist on Friday, amid soaring Israeli-Palestinian tensions touched off by a raid on Jerusalem’s al-Aqsa mosque.The three deaths capped a day of violence during which Israeli jets struck sites linked to the Palestinian group Hamas in the Gaza Strip and southern Lebanon, after militants in the two territories fired salvos of rockets at Israel on Thursday.Although the exchange of fire between Israel and militants in Lebanon and Gaza ended without fatalities or escalating into a broader conflict, the later killings on Friday…
Sweetgreen said Thursday it has renamed its newest menu item as part of a tentative agreement with Chipotle Mexican Grill to resolve a lawsuit brought by the burrito chain.Chipotle filed the lawsuit, which claims that the salad chain’s “Chipotle Chicken Burrito Bowl” infringed on its trademark, in California federal court Tuesday, just days after the salad chain introduced the item.A Sweetgreen representative said in a statement to CNBC on Thursday that the company decided to rename the bowl as the “Chicken + Chipotle Pepper Bowl” to focus on its business and serve customers without distraction.”We are looking forward to putting…
Check out the companies making headlines in midday trading.Costco — The wholesale retailer’s shares dropped 2.2% after the company announced sales dipped 1.1% year over year in March. Meanwhile, comparable sales growth was positive when excluding changes in gasoline prices and foreign exchange rates, with the fastest growth coming from overseas markets.Bed Bath & Beyond — The stock tumbled 8.2% after the retailer proposed a stock split as it attempts to avoid bankruptcy.FedEx — Shares of the parcel delivery company were up 0.9% a day after the company announced its DRIVE program, a comprehensive $4 billion cost-cutting restructuring plan. Analysts covering the…
The Pentagon is investigating what appear to be screenshots of classified US and NATO military information about Ukraine circulating on social media, a Pentagon official told CNN. CNN has reviewed some of the images circulating on Twitter and Telegram but is unable to verify if they are authentic or have been doctored. US officials say the documents are real slides, part of a larger daily intelligence deck produced by the Pentagon about the war, but it appears the documents have been edited in some places. Pentagon deputy press secretary Sabrina Singh would not weigh in on the documents’ legitimacy but…
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.Seoul, Korea, April 7th, 2023, ChainwireOne of the top NFT-backed lending liquidity protocols, BendDAO, has celebrated its one-year anniversary by publishing a detailed financial statement. It parallels the level of those found in traditional finance. Produced by Unboxing Lab, it reveals the progress BendDAO has made over the past 12 months.EDGAR-style reports bring an unprecedented level of transparency to web3 projects, giving community members an insight into the financial health of protocols they routinely use. The report details BendDAOs…
Without a doubt, one of the biggest problems facing most Americans today is the rising cost of living. For the past eighteen months or so, inflation has been at the highest levels that we have seen in roughly forty years. In fact, there has not been a single month over the past year in which the consumer price index increased by less than 6% year-over-year: Trading Economics This has caused many people to be forced to enter the gig economy or take on second jobs just to get the extra money that they need to maintain their lifestyles. I discussed…
Written by Nick Ackerman, co-produced by Stanford Chemist. This article was originally published to members of the CEF/ETF Income Laboratory on March 24th, 2023. The Gabelli Dividend & Income Trust (NYSE:GDV) isn’t one of the more exciting closed-end funds with a highly complex strategy that they implement. For the most part, it’s a fairly straightforward equity fund that utilizes a mild amount of leverage. The fund continues to trade at a large discount. While I don’t suspect that to end anytime soon, we are near the lowest levels this fund has shown historically. The portfolio is tilted towards value-oriented sectors.…
grandriver A Quick Take On Calfrac Well Services Ltd. Calfrac Well Services Ltd. (TSX:CFW:CA) provides fracturing, coiled tubing and cementing services and products to oil & gas exploration firms in regions of North America and Argentina. The company has produced positive revenue and earnings results in recent quarters and expects reasonably strong utilization demand for its fleets in Canada and the U.S. However, the company expects further supply chain tightness in 2023, which may serve to elevate costs even as demand remains firm. While I’m cautiously optimistic for Calfrac, potential risks also include a drop in macroeconomic activity, so I’m…
A federal judge in Texas has ordered the US Food and Drug Administration to withdraw its approval of a popular abortion pill in a move that, if upheld, would amount to a nationwide restriction on the drug.District judge Matthew Kacsmaryk ordered a preliminary injunction of the drug mifepristone, one of two drugs used to end pregnancies, which would affect access to it even in states with abortion protections.However, the ban ordered by the Donald Trump-appointed judge will take effect in seven days, allowing the Biden administration time to appeal against the decision. Attorney-general Merrick Garland said he “strongly disagrees” with…
Sean “Diddy” Combs is still paying the price for sampling The Police’s “Every Breath You Take,” and it’s not cheap.The mogul, who sampled the smash hit for his 1997 “I’ll Be Missing You” tribute to the late Notorious B.I.G., tweeted this week that he’s still paying Police frontman Sting $5,000 in royalties each and every day.Diddy made the revelation after a 2018 clip from “The Breakfast Club” was recirculated on Twitter in which Sting said that the rapper was paying him $2,000 every day “for the rest of his life” for using the song.Sting and Sean “Diddy” Combs at the…
