Mario Batali: Celebrity chef is acquitted of groping woman at Boston restaurant

Mario Batali: Celebrity chef is acquitted of groping woman at Boston restaurant

CNN — Celebrity chef Mario Batali was found not guilty Tuesday at a bench trial on charges of indecent assault and battery related to the alleged groping of a star-struck patron at a Boston restaurant in 2017. Judge James Stanton noted Batali’s conduct was “not befitting of a public person of his stature” that night … Read more

Bitcoin prices plunge along with stocks

Bitcoin prices plunge along with stocks

New York CNN Business — So much for bitcoin being digital gold. The world’s most valuable cryptocurrency was down 10% Monday after plunging again over the weekend. Bitcoin prices have now plummeted nearly 20% in the past week. At a price of just below $31,000, bitcoin is more than 50% below its record high of … Read more

Wall Street’s losses worsen as markets tumble worldwide

Wall Street's losses worsen as markets tumble worldwide

NEW YORK (AP) — Wall Street is tumbling toward its lowest point in more than a year on Monday as renewed worries about China’s economy pile on top of markets already battered by rising interest rates. The S&P 500 was 2.1% lower in afternoon trading after coming off its fifth straight losing week, its longest … Read more

5 things to know before the stock market opens Monday, May 9

5 things to know before the stock market opens Monday, May 9

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Nasdaq futures over drop 2% as stocks continue to sell off Traders on the floor of the NYSE, May 6, 2022. Source: NYSE The Nasdaq was poised to lead Wall Street lower again Monday, with futures tied … Read more

The baby formula shortage is getting worse

The baby formula shortage is getting worse

The out-of-stock rate for baby formula hovered between 2% and 8% in the first half of 2021, but began rising sharply last July. Between November 2021 and early April 2022, the out-of-stock rate jumped to 31%, data from Datasembly showed. That rate increased another 9 percentage points in just three weeks in April, and now … Read more

A history of Trader Joe’s and Joe Coulombe, the man behind the brand

A history of Trader Joe's and Joe Coulombe, the man behind the brand

Joe Coulombe, a struggling convenience store owner in Los Angeles, decided in 1967 to open a grocery chain to appeal to the small but growing number of well-educated, well-traveled consumers that mainstream supermarkets were ignoring. “I have an ideal audience in mind,” he told the Los Angeles Times in 1981. “This is a person who … Read more

Starbucks accused of more than 200 labor violations in NLRB complaint

Starbucks accused of more than 200 labor violations in NLRB complaint

Starbucks workers react as they speak to the media after union vote in Buffalo, New York, December 9, 2021. Lindsay DeDario | Reuters The regional director of the National Labor Relations Board in Buffalo, NY, issued a complaint Friday accusing Starbucks of 29 unfair labor practice charges that included over 200 violations of the National … Read more

Own solid names and have cash for market bounce

Own solid names and have cash for market bounce

CNBC’s Jim Cramer said Friday that enduring the current market is a waiting game for a rally — and investors need to be prepared for when that happens. “Your portfolio should be split among some cash and some stocks that can thrive in a recession. … You need to accept the fact that we’re simply … Read more

Peloton, Under Armour, Monster Beverage and more

Peloton, Under Armour, Monster Beverage and more

A Peloton exercise bike is seen after the ringing of the opening bell for the company’s IPO at the Nasdaq Market site in New York City, New York, US, September 26, 2019. Shannon Stapleton | Reuters Check out the companies making headlines in midday trading Friday. Peloton — Shares of Peloton dropped more than 6% … Read more

Elon Musk denies claim Trump encouraged him to buy Twitter

Elon Musk denies claim Trump encouraged him to buy Twitter

Elon Musk, CEO of Tesla, speaks to media representatives at the Tesla Gigafactory construction site In Grünheide near Berlin, September 3, 2020. Julian Staehle | picture alliance via Getty Images Elon Musk on Friday flatly denied a claim by the head of ex-President Donald Trump’s new social media company that Trump had encouraged Musk’s bid … Read more