Category: FINANCE
Queen of ‘vampire facials’ expands skin-care empire to Manhattan
Celeb-favorite skin care expert Barbara Sturm — known to her fans as Dr. Sturm — will open her first full-scale, permanent Big Apple stores in prominent locations this fall.
https://nypost.com/2022/05/20/dr-sturm-expands-skin-care-empire-to-nyc/
Tech Rout May Take the Shine Off Cartier’s Owner
Investors would like Swiss luxury group Richemont to sell its loss-making online-fashion retailer. That is unlikely with technology stocks in the doldrums.
Ads from McDonald’s, Wendy’s and Burger King exaggerate size of burgers: suit
McDonald’s, Wendy’s and Burger King have been exaggerating the size of their burgers in ads, showing much fatter patties than what consumers actually get, according to two lawsuits. The most recent complaint, filed this week against McDonald’s and Wendy’s in the US Eastern District of New York, claims that the fast food giants use undercooked…
https://nypost.com/2022/05/19/mcdonalds-wendys-accused-of-exaggerating-burger-size-in-ads/
The Inflation Japan Wanted Is Finally Here, but Not for the Right Reasons
Nearly a decade after its central bank targeted 2% inflation, Japan finally reached its goal. But instead of celebration, the occasion prompted concern about the effects of high energy and raw-material costs.
China Unexpectedly Cuts Key Rate as Growth Crumbles
China’s central bank cut a benchmark interest rate, a shift that economists said would likely help the moribund housing market but bring only limited relief to the struggling economy.
NPR’s masking rules encourage coworkers to rat each other out
National Public Radio is encouraging staffers to squeal on each other if they do not comply with the company’s Draconian mask-wearing policy in the office.
Kohl’s sales process is a ‘disaster’: sources
Dismal financial results at Kohl’s have raised concerns that the company’s auction to sell itself will be a bust – even as management continues to tout the strong interest by potential suitors, The Post has learned. The bids are due in “the coming weeks,” Kohl’s affirmed on Thursday after delivering an abysmal first quarter in…
https://nypost.com/2022/05/19/kohls-sales-process-is-a-disaster-sources/
Elon Musk Eyes Satellite Deal in Brazilian Amazon
The SpaceX chief pledged to connect thousands of schools to the internet and improve monitoring of the rainforest.
How to Face Up to Buying the Dips
Buying stocks as they drop is harder than it sounds. Here’s one strategy that might help keep you on course in turbulent times.
https://www.wsj.com/articles/buying-the-dips-value-averaging-11653058860?mod=rss_markets_main
Recession Trade Is On as Market Pain Spreads Beyond Tech
The monthslong selloff in the stock market has accelerated lately, with the pain spreading to even consumer-staples companies that had been relatively shielded from the turmoil.