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Monthly Archives: January 2023

Why Singapore isn’t singling China out

Singapore’s Minister for Health Ong Ye Kung told Parliament Monday that the government is not imposing new restrictions on travelers from China because limited flight capacity, combined with its current border policies, have resulted in few imported cases — and even fewer severe cases — coming from China. Ong said …

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Delta bars employees from using Sky Club lounges

The Sky Lounge during a tour of Delta Air Lines Terminal C at LaGuardia Airport (LGA) in the Queens borough of New York, US, on Wednesday, June 1, 2022. Stephanie Keith | Bloomberg | Getty Images Delta Air Lines plans to curb employee access to its plush and popular airport …

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SEC charges Genesis and Gemini with selling unregistered securities

The Securities and Exchange Commission on Thursday charged crypto firms Genesis and Gemini with allegedly selling unregistered securities in connection with a high-yield product offered to depositors. Gemini, a crypto exchange, and Genesis, a crypto lender, partnered in February 2021 on a Gemini product called Earn, which touted yields of …

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Startup investment fell in late 2022 amid recession fear: Crunchbase

The thought of a potential global recession might have you cutting back on spending. Startup investors are doing it, too. Venture capital investors are pumping the brakes on aggressive funding of startups, spooked by an uncertain economic picture, plunging tech industry stock prices and growing recession fears. In the final …

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Nike CEO John Donahoe touts strength in Gen Z China shopper

Nike CEO John Donahoe said Thursday the company is “really focused” on Gen Z consumers in China and that the athletic apparel retailer is continuing to see strong demand in the region, even amid Covid-related disruptions.  “We’re still the number one cool and favorite brand in Shanghai and in Beijing. …

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Prince Harry’s ‘Spare’ ghostwriter also wrote bestselling Nike memoir

Prince Harry’s blockbuster memoir “Spare” is already a runaway success, shattering sales records as readers rush to learn details both salacious and mundane about the British royal’s life.  Though the 38-year-old has been on a media blitz promoting his book in recent weeks, the prince had help piecing together the …

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Next crypto implosion may be uncovering wash trading

Billionaire Mark Cuban believes an age-old market manipulation tactic could be the next thing to rock the cryptocurrency industry. “I think the next possible implosion is the discovery and removal of wash trades on central exchanges,” the longtime crypto investor tells TheStreet. A wash trade is when a trader buys …

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More than 360 new UFO cases have been reported to U.S. intelligence agencies since March 2021

A still of one of three videos released by the Pentagon on Monday, April 27, 2020 showing “unidentified aerial phenomena” captured by U.S. Navy pilots during training flights in 2004 and 2015. “The aerial phenomena observed in the videos remain characterized as ‘unidentified,’ the Pentagon said in a statement. U.S. …

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Time for the Fed to declare victory on inflation? Not yet

A man pumps gas at a gas station in the Brooklyn borough of New York, the United States, Dec. 13, 2022. Michael Nagle | Xinhua News Agency | Getty Images December’s monthly decline in the consumer price index gets the Federal Reserve a step closer to beating inflation, though they’re …

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Peltz may be overreaching with Disney proxy fight

Bob Iger, chairman and chief executive officer of The Walt Disney Company, pauses while speaking during an Economic Club of New York event in Midtown Manhattan on October 24, 2019 in New York City. Drew Angerer | Getty Images Activist investor Nelson Peltz spent about 30 minutes Thursday morning speaking …

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