Dow jumps 650 points as stocks swing amid Omicron threat

Dow jumps 650 points as stocks swing amid Omicron threat

The Dow Jones Industrial Average jumped more than 650 points on Monday as stocks continued to swing wildly by the day amid the uncertain threat of the Omicron variant of the coronavirus. The Dow was last seen trading more than 1.9 percent higher as investors shrugged off the new variant and ditched expensive tech stocks … Read more

Ham, pepperoni products recalled over possible listeria contamination

Ham, pepperoni products recalled over possible listeria contamination

More than 200,000 pounds of cooked ham and pepperoni products are being recalled because they may be contaminated with harmful bacteria, according to the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS). Alexander & Hornung, a business unit of Perdue Premium Meat Company, Inc., issued the recall after being notified by health officials that “product sampling reported … Read more

Trump SPAC under investigation by feds, SEC

Trump SPAC under investigation by feds, SEC

The special purpose acquisition company, or SPAC, that announced plans to merge with former President Donald Trump’s new social media company is under investigation by federal regulators, the company disclosed on Monday. The SPAC, Digital World Acquisition Corp., disclosed the investigation in a filing with the Securities and Exchange Commission. “DWAC has received certain preliminary, … Read more

NYSE reveals Stacey Cunningham stepping down in surprise shakeup

NYSE reveals Stacey Cunningham stepping down in surprise shakeup

The New York Stock Exchange revealed Monday that its longtime president Stacey Cunningham is stepping down in a surprise shakeup. Cunningham, who has led the Big Board for the past nine years, will be replaced by Lynn Martin, currently head of NYSE’s fixed income and data services business, parent company Intercontinental Exchange announced Monday. Martin … Read more

Lucid stock tanks after being slapped with SEC subpoena

Lucid stock tanks after being slapped with SEC subpoena

Shares of Lucid Motors tanked Monday morning after the electric car maker disclosed that its been slapped with a subpoena as part of an investigation into the merger that took Lucid public earlier this year. “On December 3, 2021, [Lucid] received a subpoena from the [Securities and Exchange Commission] requesting the production of certain documents … Read more

Doordash opens 15 minute delivery-only grocery store in NYC

Doordash opens 15 minute delivery-only grocery store in NYC

Doordash said it is opening a delivery-only grocery store in New York City on Monday, becoming the latest and largest company to go toe-to-toe with a slew of startups that are now offering 15-minute food delivery here. The new store, called Dashmart, is debuting in the trendy Chelsea neighborhood on Manhattan’s West Side. It is … Read more

10-year-old entrepreneur set to retire at 15

10-year-old entrepreneur set to retire at 15

Early retirement is already on the horizon for a 10-year-old entrepreneur. Pixie Curtis could be set for life before she even finishes high school thanks to the widely successful accessory and toy businesses that she started with her mom in Sydney, Australia, Stellar Magazine reported. “You won’t need to worry; you can retire at 15 … Read more