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Monthly Archives: November 2022

Mattress Mack’s record $75 million Astros payout will cost Caesars, Penn big this quarter

Jim “Mattress Mack” McIngvale, of Houston, holds some of the tickets in Atlantic City N.J., Tuesday, Nov. 1, 2022, showing bets he has made on the Houston Astros to win the baseball World Series. Wayne Parry | AP Mattress Mack’s record-breaking $75 million payout on a wager that the Houston …

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Predicting California wildfire risks: Reinsurance startup Kettle

Nobody can predict the future, but a San Francisco-based startup called Kettle seems able to predict where wildfires could start in California. That’s a big deal: Eight of 10 of the largest wildfires in California’s history have occurred in the last five years. The disastrous blazes are only going to …

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Why tech spending will rise even as tech stocks tank and layoffs mount

Bloomberg | Bloomberg | Getty Images After the recent earnings from big technology companies and the mounting layoff headlines in the sector, tech investors can be excused for feeling a little confused: Is the tech-led economy about to fall off a recessionary cliff? Stocks like Amazon.com and Microsoft got pounded …

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Meta stock up on report it’s set to begin mass layoffs

The Meta Platforms Inc. pavilion on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Monday, May 23, 2022. Jason Alden | Bloomberg | Getty Images Shares of Facebook owner Meta were up about 5% Monday following a Wall Street Journal report over the weekend saying …

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3 year-end strategies for high-net-worth families to consider

Damon_moss | Istock | Getty Images This has been a year of opportunity for investors who took to heart the old Wall Street adage that “the time to buy is when there’s blood in the streets.” Indeed, a market drop can prove to best the best time to take advantage …

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Saving for a short-term goal? Here’s where to put your money

Whether the market is up or down, younger investors get the same advice over and over: Invest consistently in a broadly diversified stock portfolio, and don’t look back. If you’re investing for a long-term goal, such as retirement, this thinking is sound. Compared with other types of investments, stocks offer …

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Airlines face fragile winter, Ryanair CEO says after record summer profits

Ryanair reported record summer profits, but Chief Executive Michael O’Leary warned winter is “very fragile.” ATTILA KISBENEDEK / Contributor / Getty Images Ryanair on Monday reported record summer profits, but CEO Michael O’Leary warned that the winter is likely to be “very fragile.” “We look set for a strong winter …

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We’re on a ‘highway to climate hell,’ UN chief Guterres says

U.N. Secretary-General Antonio Guterres speaking at the COP27 climate change summit in Sharm El-Sheikh, Egypt. “We are on a highway to climate hell with our foot still on the accelerator,” he told attendees. Gehad Hamdy | Picture Alliance | Getty Images The United Nations secretary general issued a stark warning …

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Social media platforms prep for Election Day misinformation

Voters cast ballots on election day at the Fairfax County Government Center polling location in Fairfax, Virginia, on November 2, 2021. Andrew Caballero-Reynolds | AFP | Getty Images Social media platforms including Meta’s Facebook and Instagram, Twitter, TikTok and Google’s YouTube are readying themselves for another heated Election Day this …

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Sweetgreen tries national dessert — a version of Rice Krispies Treat

Sweetgreen Crispy Rice Treat Source: Sweetgreen Sweetgreen is launching its take on Rice Krispies Treats, its first dessert since 2014. The Crispy Rice Treat is available nationwide starting Monday for $2.95. The prepackaged dessert is made with organic brown rice, quinoa, millet and honey-date caramel. It has190 calories and 6 …

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