Mattel stock briefly pops as Barbie sales prove unstoppable

Mattel stock briefly pops as Barbie sales prove unstoppable

Mattel experienced a short-lived surge in its stock price on Friday thanks to a blowout quarter fueled by continued demand for Barbie — who’s become unstoppable since the pandemic took hold. The El Segundo, Calif.-based toymaker’s shares shot up as much as 12 percent after the opening bell to $23.31 — the stock’s highest price … Read more

Super League backer JPMorgan admits it ‘misjudged’ decision

Super League backer JPMorgan admits it 'misjudged' decision

Banking giant JPMorgan made a rare public apology on Friday, admitting that it regrets backing Europe’s doomed Super League of top-tier soccer teams, which has sparked a violent backlash from fans. “We clearly misjudged how this deal would be viewed by the wider football community and how it might impact them in the future,” a … Read more

Simone Biles leaves Nike for Gap’s Athleta brand

Simone Biles leaves Nike for Gap's Athleta brand

Four-time Olympic gymnastics champion Simone Biles has signed up with Gap’s Athleta brand for a new apparel partnership, ending an almost six-year deal with Nike. The 24-year-old Biles, already the most decorated gymnast in world championship history, said in an Instagram post Friday that she wanted to partner with a brand that shares her “passion to help girls rise … Read more

Bitcoin drops below $50K as Biden eyes capital gains tax hike

Bitcoin drops below $50K as Biden eyes capital gains tax hike

Bitcoin investors are nursing their losses amid reports that President Biden is planning to raise capital gains taxes on the richest Americans. The volatile cryptocurrency’s price plunged nearly 10 percent on Friday to just above the $49,000 mark, hitting its lowest level since early March as the White House reportedly buffs a proposal to nearly … Read more

SpaceX launches astronauts on recycled rocket for first time

SpaceX launches astronauts on recycled rocket for first time

Enlarge Image A SpaceX Falcon 9 rocket, with the Crew Dragon capsule, is launched carrying four astronauts on a NASA commercial crew mission to the International Space Station at Kennedy Space Center in Cape Canaveral, Florida, on April 22, 2021. REUTERS/Thom Baur NASA and Elon Musk’s rocket company SpaceX made history Friday, propelling a team … Read more

Tesla cars can drive with no one in the driver’s seat, Consumer Reports says

Tesla cars can drive with no one in the driver's seat, Consumer Reports says

Consumer Reports engineers were able to operate a Tesla vehicle without anyone in the driver’s seat, and the system failed to send out a warning or indicate that the driver’s seat was empty, the magazine said Thursday. The engineers tested Tesla Model Y this week as investigators probe an accident where two men died after their Tesla Model S, which … Read more

Uber, Lyft boost driver pay as demand for rides soar

Uber, Lyft boost driver pay as demand for rides soar

Ride-hailing companies Uber and Lyft are boosting driver pay in a desperate effort to meet soaring demand for their services as the pandemic wanes. In some major cities, including Denver and Philadelphia, Lyft drivers are making $44 and $43 an hour respectively, while Uber drivers are making an average $38 an hour in New York … Read more

NJ deli valued at more than $100M delisted from stock market

NJ deli valued at more than $100M delisted from stock market

Shares of a New Jersey-based deli owner that was recently valued at more than $100 million despite the fact it only operates a single store have been delisted from the stock market. Cromwell Coulson, chief executive of the OTC Markets Group, the over-the-counter exchange where deli owner Hometown International’s shares had traded, tweeted late Wednesday … Read more