CPSC Initiates Recall of Over 2 Million Cosori Air Fryers
On Thursday, the U.S. Consumer Product Safety Commission (CPSC) initiated a recall of more than two million Cosori air fryers due to a wire connection issue that can cause them to overheat and potentially catch fire.[0] The recalled fryers were sold from June 2018 through December 2022 at major retailers, including Best Buy, Target, Home […]
Continue reading Disgraced Crypto Co-Founder Faces 12 Criminal Charges, Including Conspiracy
Sam Bankman-Fried, the disgraced co-founder of now-defunct cryptocurrency exchange FTX, faces 12 criminal charges, including four additional counts of conspiracy, after a superseding indictment was unsealed on Thursday.[0] The new charges include conspiracy to commit bank fraud, conspiracy to operate an unlicensed money transmitting business, and conspiracy to defraud the Federal Election Commission.[1] According to […]
Continue reading Humana Exits Employer Group Commercial Medical Products Business to Focus on Government-Sponsored Products
Humana Inc. (NYSE: HUM) is exiting its Employer Group Commercial Medical Products business, the company announced Thursday.[0] This move follows Humana’s decision in 2017 to stop participating in the individual commercial market covering people buying their own plans through the Obamacare health exchanges.[1] This decision enables Humana to focus resources on its greatest opportunities for […]
Continue reading Sam Bankman-Fried, FTX Founder, Facing New Criminal Charges and Allegations of Political Donations
Sam Bankman-Fried, the disgraced founder of the now-defunct crypto exchange FTX, is facing four new criminal charges in addition to the eight already pending against him in a Manhattan federal court.[0] The additional charges include allegations of illegal political donations and bank fraud. The indictment reveals that Bankman-Fried is accused of misusing billions of dollars […]
Continue reading US GDP Growth Slowed in Q4, Jobless Claims Unexpectedly Decline
The US Bureau of Economic Analysis released its second estimate for the fourth quarter 2022 Gross Domestic Product (GDP) on Thursday, showing an annualized rate of 2.7%, below the initial estimate and market expectation of 2.9%.[0] The Personal Consumption Expenditures (PCE) Price Index rose 3.7%, more than the initial estimate of 3.2%, while the core […]
Continue reading Treasury Yields Rise as FOMC Meeting Minutes are Digested; Nvidia, Alibaba Shares Rally
U.S. Treasury yields rose Thursday as investors digested the latest Federal Open Market Committee (FOMC) meeting minutes and considered the outlook for the central bank’s interest rate policy.[0] The 10-year yield ticked up 3 basis points to 3.95%, its highest since Nov. 9.[1] The 2-year yield also rose 1 basis point to 4.71%, its highest […]
Continue reading Lucid Group, Inc. Reports Q4 and Full-Year 2022 Financial Results; Shares Down 9% in After-Hours Trading
Lucid Group, Inc. (NASDAQ: LCID) reported its fourth-quarter and full-year 2022 financial results after the market close on Wednesday. The electric vehicle maker posted a loss of $0.28 per share and $608.2 million in annual revenue, missing Wall Street estimates. The company also provided conservative production guidance for 2023, sending its stock down 9% in […]
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