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Warren pledges to investigate GameStop stock chaos

Video Credit: Bleacher Report AOL - Duration: 02:57s - Published
Warren pledges to investigate GameStop stock chaos

Warren pledges to investigate GameStop stock chaos

Democratic Sen.

Elizabeth Warren tells CNN’s Dana Bash she’s “looking forward to” getting to the bottom of what happened on Wall Street last week.


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GameStop GameStop American video game retailer

Reddit Prices Shares at $34 in IPO [Video]

Reddit Prices Shares at $34 in IPO

Reddit Prices Shares , at $34 in IPO. Reddit will go public on March 21 and has priced its IPO at $34 a share, Yahoo Finance reports. That is about a $6.4 billion valuation. A social media company hasn't gone public since Pinterest in 2019. Reddit gained increased recognition amid the meme stock craze of 2021. Reddit had 500 million site visitors in 2023. Its revenue increased 20% from 2022 to $804 million. According to an S-1 filing, Reddit said that its "content is particularly important" for the world of artificial intelligence. We are exploring business opportunities in licensing data for purposes including machine learning, business analysis, display and training generative AI models, Reddit, via S-1 filing. 1.76 million shares have been set aside for eligible Reddit users and moderators. . Headline venture partner Kamran Ansar said the decision lends itself to volatility. . You may see a big run up in the stock price and a drop, Headline venture partner Kamran Ansar, via statement. Because this has such a rabid community around it, the Reddit users, you could see Reddit itself ironically become a meme stock the way that you saw happen with like AMC and GameStop, Headline venture partner Kamran Ansar, via statement

Credit: Wibbitz Top Stories    Duration: 01:30Published

Democratic Party (United States) Democratic Party (United States) American political party

RFK Jr Picks Nicole Shanahan As His Running Mate [Video]

RFK Jr Picks Nicole Shanahan As His Running Mate

RFK Jr Picks Nicole Shanahan , As His Running Mate. On March 26, the presidential candidate announced that the 38-year-old ex-wife of Google co-founder Sergey Brin is his vice presidential pick, BBC reports. . On March 26, the presidential candidate announced that the 38-year-old ex-wife of Google co-founder Sergey Brin is his vice presidential pick, BBC reports. . On March 26, the presidential candidate announced that the 38-year-old ex-wife of Google co-founder Sergey Brin is his vice presidential pick, BBC reports. . Kennedy introduced Shanahan as "a fellow lawyer, a brilliant scientist, technologist, a fierce warrior mom.". Kennedy introduced Shanahan as "a fellow lawyer, a brilliant scientist, technologist, a fierce warrior mom.". He went on to call his campaign "a spoiler for President Biden and for President Trump" that will "forge an unstoppable coalition of homeless Democrats and homeless Republicans.". Kennedy's independent bid was launched in October after challenging Biden for the Democratic nomination. The Democratic National Committee has condemned Kennedy's bid, saying that he will only help to draw votes away from Biden, ensuring Trump's victory. . Shanahan revealed that she had left the Democratic Party because it was consumed with "elitism" and "winning at all costs.". I believe I am taking the best ideals and impulses with me. , Nicole Shanahan, via statement. Shanahan's professional colleagues speak highly of her. She's motivated by trying to change things for the better and having an impact on social benefits, Roland Vogl, executive director of Stanford University's Center for Legal Informatics, via statement. Don't undersell someone who comes from outside a system to change the system. , Bruce Cahan, a professional colleague, via statement. Announcing Shanahan as his running mate will likely help Kennedy get on more ballots. He's currently only confirmed on Utah's ballot

Credit: Wibbitz Top Stories    Duration: 01:31Published
Ron DeSantis Legalizes Social Media Ban for Children [Video]

Ron DeSantis Legalizes Social Media Ban for Children

Ron DeSantis Legalizes , Social Media Ban for Children. The Florida governor signed the bill into law on March 25, 'The Guardian' reports. It takes effect on January 1, 2025. At that time, children under the age of 14 will not be allowed to have social media accounts in Florida. 14- and 15-year-olds will need parental permission to have a presence on social media. State House Speaker Paul Renner issued a statement in support of the new law. A child in their brain development doesn’t have the ability to know that they’re being sucked into these addictive technologies and to see the harm and step away from it, and because of that we have to step in for them, Florida House Speaker Paul Renner, via statement. Renner also said that social media companies will likely "sue the second after this is signed.". But you know what? We’re going to beat them. We’re going to beat them and we’re never, ever going to stop, Florida House Speaker Paul Renner, via statement. Opponents argue that the new legislation is unconstitutional and a government overreach. . This bill goes too far in taking away parents’ rights, Anna Eskamani, Democratic state House representative, via news release. Instead of banning social media access, it would be better to ensure improved parental oversight tools, improved access to data to stop bad actors, , Anna Eskamani, Democratic state House representative, via news release. ... alongside major investments in Florida’s mental health systems and programs, Anna Eskamani, Democratic state House representative, via news release

Credit: Wibbitz Top Stories    Duration: 01:30Published
Fast Food Chains Warn Consumers That Worker Pay Increases Will Impact Prices [Video]

Fast Food Chains Warn Consumers That Worker Pay Increases Will Impact Prices

Fast Food Chains Warn Consumers , That Worker Pay Increases Will Impact Prices. 'Newsweek' reports that franchises have warned an increase of the minimum wage for fast food workers in California could also force menu prices to climb. As of April 1, fast food restaurants in California will have to pay employees at least $20 an hour, an increase of four dollars from the current $16 an hour. . Business owners have warned that the new law, signed in by Democratic governor Gavin Newsom, will have an impact on margins and consumer costs. . At the end of October, McDonald's CEO Chris Kempczinski said that the impact of the minimum wage rise would be partially "worked through with higher pricing.". At the end of October, McDonald's CEO Chris Kempczinski said that the impact of the minimum wage rise would be partially "worked through with higher pricing.". According to McDonald's numbers, the price of the signature Big Mac burger is currently $5.89 in California, the 10th highest in the United States. The latest data compiled by 'The Economist' shows that the average price of a Big Mac nationwide is currently $5.69, which is up from $5.36 at the same time in 2023. . Last year, McDonald's , reported net profits of , almost $8.5 billion. According to the company's latest financial reports, sales increased 8.7% in the U.S. in 2023, which the company attributed to "strategic menu price increases.". According to the company's latest financial reports, sales increased 8.7% in the U.S. in 2023, which the company attributed to "strategic menu price increases.". Meanwhile, Jack Hartnung, the CFO of fast food chain Chipotle, told investors that the wage increase would impact consumer prices with a "mid-to-high single digit" percentage increase. Meanwhile, Jack Hartnung, the CFO of fast food chain Chipotle, told investors that the wage increase would impact consumer prices with a "mid-to-high single digit" percentage increase. In December, Pizza Hut cited the wage increase as the reason behind laying off the company's in-house delivery drivers. . In December, Pizza Hut cited the wage increase as the reason behind laying off the company's in-house delivery drivers.

Credit: Wibbitz Top Stories    Duration: 01:31Published
Biden and Trump win Louisiana's presidential primary having already clinched nominations | Oneindia [Video]

Biden and Trump win Louisiana's presidential primary having already clinched nominations | Oneindia

In Louisiana's presidential primary on Saturday (Mar 23), both US President Joe Biden and former President Donald Trump secured victories, further solidifying their positions after securing their respective party nominations. With no races hanging in the balance, the outcome merely reaffirmed their dominance over their major competitors. Biden collected the 48 delegates up for grabs for Democrats, and former President Donald Trump collected the 47 delegates for Republicans. #Biden #Trump #LouisianaPrimary #PresidentialElection #ElectionVictory #PartyNominations #USPolitics #DemocraticParty #RepublicanParty #PoliticalContest #PrimaryElection #ElectionResults #CampaignTrail #PresidentialNominees #VoteCount #PoliticalLeadership #VictorySpeech #PoliticalMilestones #PoliticalSuccess #DemocraticProcess ~PR.152~ED.101~

Credit: Oneindia    Duration: 02:11Published

Bill Maher Warns Democrats to Kill Identity Politics or Else They'll Lose

Bill Maher makes a super compelling case that pandering to racial groups is a sure way to lose elections ... because all these identities in America are now..
TMZ.com

Wall Street Wall Street Street in Manhattan, New York City

McDonald's CEO Talks Affordability After Stock Prices Drop [Video]

McDonald's CEO Talks Affordability After Stock Prices Drop

McDonald's CEO , Talks Affordability , After Stock Prices Drop. ABC reports that McDonald's has come under fire by customers angry over recent increased menu prices, which has prompted the CEO to address the issue of affordability. In the company's latest earnings call, McDonald's CEO Chris Kempczinski discussed the fast food chain's Q4 results, which were mixed. In the company's latest earnings call, McDonald's CEO Chris Kempczinski discussed the fast food chain's Q4 results, which were mixed. Global same-store sales were up 3.4%, short of Wall Street expectations, while domestic same-store sales were up 4.3%, more closely aligned with "normalized growth.". Shares in McDonald's dropped nearly 4% on the New York Stock Exchange after the company's Q4 earnings were posted. Shares in McDonald's dropped nearly 4% on the New York Stock Exchange after the company's Q4 earnings were posted. Kempczinski reportedly admitted that the company's sales had dipped in the wake of increased menu prices. The fast-food chain noted reduced transactions among lower-income customers making under $45K a year, one of the company's core consumers. Eating at home has become more affordable. The battleground is certainly with that low-income consumer, Chris Kempczinski, McDonald's CEO, via ABC. According to Kempczinski, customers may have been forced to dine out less as prices and inflation remain high for eating out. . According to Kempczinski, customers may have been forced to dine out less as prices and inflation remain high for eating out. . The CEO stressed that the company remains in a good position with its value menu offerings, while promising , "some activity at the local level to make sure we continue to provide value for the lower-income consumer.". What you're going to see is more attention to affordability. Think about that as an absolute price point, which is more important for that consumer to get them into the restaurants than maybe value messaging. We are set up well to go after that, Chris Kempczinski, McDonald's CEO, via ABC. What you're going to see is more attention to affordability. Think about that as an absolute price point, which is more important for that consumer to get them into the restaurants than maybe value messaging. We are set up well to go after that, Chris Kempczinski, McDonald's CEO, via ABC

Credit: Wibbitz Top Stories    Duration: 01:31Published
India surpasses China, emerging as the preferred investment hub for Wall Street giants | Oneindia [Video]

India surpasses China, emerging as the preferred investment hub for Wall Street giants | Oneindia

In a historic shift in global markets, investors are pulling billions of dollars from China's economy, marking a turning point after two decades of considering China as the world's premier growth story. Wall Street giants, including Goldman Sachs Group Inc and Morgan Stanley, are now championing India as the prime investment destination for the next decade. #WallStreet #India #China #GlobalInvestmentShift #IndiaInvestmentOpportunity #HedgeFundGoldRush #AsiaEconomicDivergence #IndiaGrowthStory #InvestingInIndia #CapitalFlowsIndiaChina #GlobalEquityMarkets #InvestorConfidenceIndia ~ED.102~PR.151~GR.125~HT.96~

Credit: Oneindia    Duration: 03:09Published