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Federal Reserve officials at their last meeting saw “very few signs that inflation pressures were abating” before raising their benchmark interest rate by a substantial three-quarters of a point for a fourth straight time. Rising wages, the result of a strong job market, combined with weak…
#substantialthreequarters #fourthstraight #inflation #inflationpressures #cent #hikes #jeromepowell #abating #raising #benchmark
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The Golden State Warriors are the latest business to find themselves on the receiving end of class action lawsuits alleging them of misleading FTX customers about the safety and reliability of the flailing cryptocurrency platform. The suit, first reported by Reuters, comes on the heels of another…
#ftx #classaction #misleadingftx #warriors #flailingcryptocurrency #tombrady #larrydavid #lawsuitsalleging #golden #action
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On a recent evening in early November, shoppers at the Bryant Park holiday market in New York City were in the holiday spirit well before Black Friday. The scent of pine wafted from candle sellers’ booths, people snapped up gingerbread cookies and hot apple cider and ice skaters swirled figure…
#bryantpark #unionsquare #bryant #park #urbanspace #union #square #austingonzales #columbuscircle #cent
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The important point is that hobbies can take many forms, whether it’s an activity that one enjoyed during youth or a skill one would like to hone, or it may be something entirely new. However, that diversification effort has to start right away.
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One of New York City’s newest gay bars has had a brick thrown at its front window four times in recent weeks, its owner says. The latest incident, just this past weekend, is being investigated as a hate crime, the New York Police Dept. says.
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More than six years after voting to leave the EU, the UK is facing a prolonged recession, a deep cost-of-living crisis and a shortage of workers. The gloomy prognosis has re-opened the debate over Brexit. 🚨 Join the discussion in #ThePoliticsSpace ⤵️
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Prosecutors, utility huddle with residents of ‘Gasland’ town SPRINGVILLE, Pa. (AP) — Residents of a rural community whose drinking water has been contaminated for 14 years met Monday night with high-level officials in the Pennsylvania attorney general’s office, a clear indication of movement in…
#water #pennsylvania #dimock #attorney #pennsylvaniaattorney #cabot #gasland #drinkingwater #utilityhuddle #municipalwater
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Taylor Swift accepts the Artist of the Year award onstage during the 2022 American Music Awards at Microsoft Theater on November 20, 2022 in Los Angeles, California.
Kevin Winter | Getty Images Entertainment | Getty Images
Taylor Swift’s tour promoter is shifting blame for the botched “Eras” ticket sale squarely onto Ticketmaster, potentially fueling even more concerns about the Live Nation-owned ticket seller’s dominant role in the industry.
AEG Presents, the company in charge of handling Swift’s upcoming tour, has rejected claims made by Ticketmaster and Live Nation’s largest shareholder, Liberty Media, that the promoter chose to work with the ticketing site.
“Ticketmaster’s exclusive deals with the vast majority of venues on the ‘Eras’ tour required us to ticket through their system,” AEG said in a statement to CNBC. “We didn’t have a choice.”
Live Nation didn’t immediately respond to CNBC’s request for comment.
AEG Presents’ comment is the latest show of finger-pointing after the public ticket sale was canceled last week in light of extreme demand. Swift herself blamed an “outside entity” and said she wouldn’t “make excuses for anyone.”
Last week, Liberty Media CEO Greg Maffei blamed overzealous Swifties and bots for the demand that crashed its site and led to delays in ticket sales. Lawmakers, like Rep. Alexandria Ocasio-Cortez, D-N.Y., called for more oversight on Live Nation, which merged with Ticketmaster in 2010, expressing antitrust concerns. But Maffei defended Ticketmaster’s status in the industry and said AEG “chose to use us.”
A coalition of activists called “Break Up Ticketmaster” has claimed that because Live Nation controls 70% of the ticketing and live event venues market, performers and their representatives have little choice of where to sell their tickets. They have called on the Department of Justice to investigate Ticketmaster and Live Nation for “hiking up ticket prices” and “charging rip-off junk fees.”
On Friday, The New York Times reported the Justice Department had already opened an antitrust investigation into Live Nation’s practices prior to the Swift ticket sale fiasco.
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Meta Platforms Inc META denied a report Tuesday that founder and CEO Mark Zuckerberg is set to resign as early as next year amid the company losing billions on its Metaverse investments. What Happened: The report, published by The Leak, which reports on rumors in politics and tech, cited unnamed…
#markzuckerberg #meta #zuckerberg #metadenied #mark #leak #metaverse #benzinga #metaspokeswoman #facebook
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At least 268 people were killed and 151 are missing after a 5.6 magnitude earthquake struck the Indonesian island of Java on Monday, AP reported, citing the National Disaster Mitigation Agency. Driving the news: The agency said 1,083 people were wounded and another 151 are still missing as search…
#disastermitigation #magnitudeearthquake #earthquake #indonesia #disaster #ridwankamil #earthquakestruck #indonesian #mitigation #kamil
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It's been a difficult year for technology stocks since the Nasdaq Composite traded at record levels. The tech-heavy index is down more than 30% since hitting a record closing high of 16,057.44 on Nov. 19, 2021. Back then, investors willingly paid a sharp premium for growth-oriented technology…
#recordlevels #compositetraded #record #recordclosing #composite #levels #difficult #traded #marvell #nov
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After a transition marked by numerous setbacks, some self-inflicted, Bob Chapek seemed by early fall to have finally found his footing after two years as Disney’s chief executive. The company’s board had unanimously extended his contract until at least July 2025. In August, Disney reported stellar…
#disney #iger #chapek #bobchapek #streaming #bobiger #battereddisney #daniel #disneystudios #seniordisney
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