Mitch Landrieu, the campaign national co-chair for President Joe Biden, responded to worries raised by Special Counsel Robert Hur regarding Biden’s alleged mental deterioration. In an interview on NBC’s “Meet the Press,” Landrieu dismissed comparisons between Biden and former President Donald Trump’s investigations into mishandling of classified documents, stating that they are not even remotely
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The direct-to-consumer (DTC) boom, once hailed as the future of retail, is now facing its own reckoning. In the past decade, DTC companies such as Allbirds, Warby Parker, Rent the Runway, and ThredUp emerged as disruptors, leveraging social media ads and online shopping to gain traction. With the support of billions in venture capital funding,
Pinterest, the popular visual discovery platform, experienced a significant drop in its stock shares following the release of a weaker-than-expected forecast and disappointing revenue. Despite a rebound after announcing a new partnership with Google, the company is facing challenges in monetizing its platform and expanding its international sales. In its latest earnings report, Pinterest reported
Credit card debt in America has reached an alarming new high, soaring to $1.08 trillion, according to a report by the Federal Reserve Bank of New York. This represents a significant 10% increase from the previous year. In addition, the average balance per consumer has hit a historic record of $6,360. The surge in credit
The online advertising market is experiencing a rebound, but the spoils are not being evenly shared. The latest earnings reports from social media giants Meta (formerly Facebook) and Snap reveal a stark contrast in their advertising growth. Meta’s ad business, which includes Facebook and Instagram, experienced a remarkable 24% growth from the previous year, positioning
In an era where misinformation and deepfakes continue to plague social media platforms, Meta is taking a proactive step to identify AI-generated content. As the company gears up for upcoming elections worldwide, it aims to weed out false narratives and manipulated visuals. Meta recently announced that it is building tools to detect AI-generated images on
Federal Reserve Chair Jerome Powell has assured the public and the market that the central bank will proceed with caution when it comes to interest rate cuts in 2020. In an interview with “60 Minutes,” Powell expressed confidence in the economy and emphasized that the Federal Reserve’s decision-making process would not be influenced by the
In a recent interview, National Security Adviser Jake Sullivan affirmed that the United States is prepared to take further military action against Iran-backed groups. This declaration has raised concerns and heightened tensions in the already volatile region. Although Sullivan emphasized that the U.S. is not seeking a wider conflict, the prospect of additional strikes has
Technology giants like Meta and Amazon are experiencing a shift in their growth strategies as they mature in the industry. While both companies reported revenue that exceeded expectations, the real story for investors lies in their ability to achieve more with less. This allure of efficiency and prudent cash management has resonated with shareholders and
Tesla, the electric vehicle company founded by Elon Musk, has agreed to pay a fee of $1.5 million to settle a civil lawsuit filed by district attorneys representing 25 California counties. The lawsuit alleged that Tesla mishandled hazardous waste materials at its facilities throughout the state for years. According to the complaint filed by the