Blog - Viral News

Abercrombie ex-CEO Mike Jeffries to plead not guilty to sex crimes

25Oct

By Aditi PawarNo Comments

Business

Abercrombie ex-CEO Mike Jeffries to plead not guilty to sex crimes

Michael Jeffries, former CEO of Abercrombie & Fitch, leaves following a hearing at the Paul G. Rogers Federal Building and U.S. Courthouse, in West Palm Beach, Florida, on Oct. 22, 2024.Rebecca Blackwell | APFormer Abercrombie & Fitch CEO Mike Jeffries and his associate will plead not guilty Friday to federal criminal charges of sexually exploiting dozens of men, many of whom sought to be models for the clothing brand.Jeffries, 80, and James Jacobson, 71, are set to be arraigned in U.S. District Court in Long Island, New York, three days after being arrested on sex trafficking and interstate prostitution charges.Attorneys for both men confirmed to CNBC earlier Friday that their clients would enter not-guilty pleas.The graphic 16-count indictment unsealed Tuesday accuses Jeffries an...

What we know about Beyonce’s appearance at Kamala Harris’ Houston rally

25Oct

By No Comments

World News

What we know about Beyonce’s appearance at Kamala Harris’ Houston rally

By Trevor Hunnicutt, Reuters Photo: Kevin Mazur/WireImage/Getty Images via CNN Newsource Democrat Kamala Harris is hoping the "BeyHive" will help propel her to victory in the 2024 presidential election. The celebrity singer Beyonce headlines a Houston rally for Vice President Harris on Saturday, an event Harris' campaign hopes will help excite voters and propel them to the polls as she faces a tight race with Republican former President Donald Trump. Here's what we know about the event. Where is the event? It takes place at 21,000-seat Shell Energy Stadium, which normally hosts Houston's Major League Soccer team. What time does it start? The event is "first come, first served." Doors open at 3pm local time (9am Saturday NZT) and organizers advise not to arrive later than 7pm (1pm NZ...

25Oct

By Aditi PawarNo Comments

Business

TPR, CPRI, LHX and more

Check out the companies making headlines in midday trading: Tapestry , Capri — Shares of Tapestry rallied more than 14%, while Capri's stock tumbled 47%. The sharp moves come after a judge ruled in favor of the Federal Trade Commission's case to block Tapestry's acquisition of Capri . L3Harris Technologies — Shares rose 3.5% after the defense company reported a top- and bottom-line beat in the third quarter. L3Harris also raised the lower end of its full-year earnings forecast, saying it now expects adjusted earnings in the range of $12.95 to $13.15 per share, compared with a prior forecast of $12.85 to $13.15 a share. Analysts polled by FactSet were estimating $13.04 in earnings per share for the full year. Colgate-Palmolive — The household goods producer fell more than 3% lower despite b...

Thrill of the chase: Meet the Kiwis chasing storms across the US

25Oct

By No Comments

World News

Thrill of the chase: Meet the Kiwis chasing storms across the US

Steve Burrows in Dodge City, Kansas, in 2016. The New Zealander has been chasing storms since 2003. Photo: Supplied Steve Burrows remembers the day he was hit by a tornadic waterspout. It was 2014, and he and his friend had just tracked down a waterspout forming out from the Ashburton river mouth. The pair watched it from the safety of their car as it swirled and swirled - and then, it broke on the shoreline. "It hit us and you could actually feel the back of the car lifting up. It got smashed with pebbles and everything, and when the wind picked up we could feel the back of the car bouncing up and down." To most people, getting caught in a storm probably sounds like a nightmare. But for Burrows, it was a moment of pure adrenaline - all part of the territory of being a storm chaser. ...

History shows Nasdaq bull market could return 10% plus next year

25Oct

By Aditi PawarNo Comments

Business

History shows Nasdaq bull market could return 10% plus next year

The Nasdaq Composite index finally made a new all-time high on Friday, its first since July. But history shows there may be more than 10% upside ahead as stocks enter the third year of a bull market, according to DataTrek statistics. DataTrek co-founders Nicholas Colas and Jessica Rabe said they "remain bullish" on U.S. large-cap tech stocks because the average third year of a bull market has brought an increase of just 4.4% for the tech-heavy Nasdaq, the firm's data shows. But that rally jumps to 13% when looking only at years without major shocks. In some instances, investors saw gains of as much as 20% in those third years. .IXIC 5Y mountain The Nasdaq Composite over the past 5 years The only caveat is that outcome assumes no major shake-ups to the economic or geopolitical backdrop. Yet...

Russia’s central bank raises key rate to 21% to rein in higher-than-forecast inflation

25Oct

By Aditi PawarNo Comments

Business

Russia’s central bank raises key rate to 21% to rein in higher-than-forecast inflation

09 June 2024, Russia, Moskau: A guardhouse of the Kremlin (l) and the Foreign Ministry (M, background) stand in the center of the capital. Photo: Ulf Mauder/dpa (Photo by Ulf Mauder/picture alliance via Getty Images)Picture Alliance | Picture Alliance | Getty ImagesRussia's central bank on Friday raised its key interest rate by 200 basis points to 21%, citing consumer price increases considerably above its forecast and warning of ongoing high inflation risks in the medium term.The key rate was taken up by 100 basis points to 19% in September.The Friday move exceeds the 100 basis-point hike expected by analysts and brings the institution's benchmark rate to its highest since February 2003, according to Reuters. It was last near similar levels in February 2022, when Russia's policymakers lif...

Keir Starmer reversing the proposed smoking ban may save flirting as we know it

25Oct

By No Comments

Life Style

Keir Starmer reversing the proposed smoking ban may save flirting as we know it

Plus, not to get all LinkedIn about it, but think of all the lost networking. The jobs, the phone numbers shared, the “Oh, you know ****? I worked with her for years”. Revealing oneself as a smoker sheds a level of professionalism and invites someone in. They make a big joke of it with a season five episode of Friends, “The One Where Rachel Smokes”, but it’s a tried and true method of bonding, even to this day. Source link

5 things to know before the stock market opens Friday, October 25

25Oct

By Aditi PawarNo Comments

Business

5 things to know before the stock market opens Friday, October 25

Here are five key things investors need to know to start the trading day:1. Gains and lossesThe S&P 500 staged a comeback Thursday, posting its first positive day this week and snapping a three-day losing streak. The index added 0.21%, while the tech-heavy Nasdaq Composite rose 0.76%. The Dow Jones Industrial Average didn't fare as well, losing 140.59 points, or 0.33%, for its first four-day losing streak since June. Treasury yields moved lower, easing back slightly after hitting three-month highs on Wednesday. Follow live market updates.2. Tapes-try againCoach and Michale Kors bags.Michael M. Santiago | Getty ImagesCoach owner Tapestry's proposed acquisition of Michael Kors parent Capri is not in the bag. A federal judge on Thursday blocked the $8.5 billion merger, which would have un...

Marathi actor Priya Bapat: ‘There’s always pressure to prove yourself’

25Oct

By No Comments

Entertainment, Movies

Marathi actor Priya Bapat: ‘There’s always pressure to prove yourself’

Despite delivering a hit with Nagesh Kukunoor’s City of Dreams (2019), Marathi actor Priya Bapat had to wait before the Hindi film industry recognised her potential. This year, however, she enjoys a string of releases—from Riteish Deshmukh-starrer Visfot and friendship drama Raat Jawaan Hai to the anthology on mental health, Zindaginama, on SonyLIV. Happy about the change in tide, Bapat says, “This is the first time since I started working in Hindi that I’ve had three massive releases.” The actor shares she has often rejected several projects while waiting for the right scripts. “Even in Marathi cinema, I choose my work consciously. I’ve had to wait a lot for the right kind of projects and avoid getting typecast. After City of Dreams, I was offered many lesbian roles. But when makers bel...

What McDonald’s needs to do next after E. coli outbreak

25Oct

By Aditi PawarNo Comments

Business

What McDonald’s needs to do next after E. coli outbreak

In this photo illustration, a McDonald's Quarter Pounder hamburger meal is seen at a McDonald's on October 23, 2024 in the Flatbush neighborhood in the Brooklyn borough of New York City. Michael M. Santiago | Getty ImagesAs McDonald's and health authorities race to contain a deadly E. coli outbreak, the burger chain faces challenges in the months ahead to keep the trust of diners and investors.Shares of the fast-food giant have fallen 5% since the Centers for Disease Control and Prevention issued an advisory notice Tuesday, warning that the company's Quarter Pounder burgers have been linked to an E. coli outbreak in 10 states that has led to one death.Health investigators have zeroed in on the slivered onions used in the Quarter Pounder as the likely contaminant. McDonald's confirmed that ...