Reddit shares jumped 48% in their debut on Thursday in the first initial public offering for a major social media company since Pinterest hit the market in 2019. The 19-year-old website that hosts millions of online forums priced its IPO on Wednesday at $34 a share, the top of the expected range. Reddit and selling shareholders raised about $750 […]Read More
Hermès is being targeted in a new lawsuit accusing the luxury retailer of selling its coveted Birkin handbags only to customers who have spent exorbitant amounts of money at the store on other goods. The proposed federal class-action lawsuit, which was filed this week in San Francisco, alleges that Hermès is violating antitrust law by […]Read More
Disney’s ESPN is at a crossroads. For more than 40 years, the world’s largest all-sports network has grown annual revenue by increasing cable subscription fees. ESPN first charged pay-TV distributors less than $1 per month per subscriber in the 1980s. In 2023, ESPN’s monthly carriage fee was $9.42 per subscriber, according to data from S&P […]Read More
In his first public comments since Disney fired him as CEO in November 2022, Bob Chapek told CNBC he sees no reason for Disney-owned ESPN to add minority partners. “Strategically, I don’t really see a benefit in bringing on yet another minority partner into ESPN,” Chapek said as part of the CNBC documentary “ESPN’s Fight for Dominance,” […]Read More
NORTH LAS VEGAS, Nev. — Speaking to a crowd speckled with Latino faces and ticking off endorsements from the Latino community, Vice President Harris talked about her family’s own immigration story, focusing on her mother, who first set foot on U.S. soil at the age of 19 and went on to raise a daughter who […]Read More
HUNTSVILLE, Ala. — Teddy Powell, a Republican running for a state House seat, walked a suburban neighborhood one recent afternoon, pledging to voters that he would fix roads, improve schools and redirect tax dollars to the district. Not once did he bring up abortion and in vitro fertilization — which have sparked an impassioned debate […]Read More
“As Perry [Iowa] residents struggle to cope with mass layoffs, Tyson Foods has its eyes on a different class of workers. The company is now offering new jobs to asylum seekers in other states …. They’re firing Americans and offering perks to illegals. This was the Democrat plan all along.” — Fox News prime-time host […]Read More
New Jersey first lady Tammy Murphy has dropped out of the Democratic primary for the U.S. Senate in the race for the seat of Sen. Bob Menendez (D-N.J.), upending the state’s party machine that had lined up behind her. Murphy’s exit from the race leaves Rep. Andy Kim (D-N.J.), who has been surging in recent […]Read More
Less than six months after a faction of House Republicans led a revolt that removed Kevin McCarthy from the speakership, more Republicans are already complaining about the party’s direction and questioning whether his replacement, House Speaker Mike Johnson (R-La.), is the right person for the job. The complaints picked up after the House passage Friday […]Read More
SHREVEPORT, La. — In this parish where family roots and political loyalties hold strong, just like the live oaks along the banks of the Red River, many people can’t remember the last time they had a competitive sheriff’s race. So when Sheriff Steve Prator announced last summer that he would step down after more than […]Read More
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