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News
1-800-FLOWERS.COM: Fiscal 2026 Revenue Falls 10.8% To $1.5 Billion As Company Evaluates Capital Raising Options
14+ min ago (390+ words) 1-800-FLOWERS.COM reported fiscal 2026 consolidated revenue of $1.50 billion, down 10.8% from $1.69 billion a year earlier, as declining Consumer Floral & Gifts and Gourmet Foods & Gift Baskets sales weighed on results. The company posted a fiscal-year net loss of $134.8 million, or $2.11 per diluted…...
Going the extra mile to keep workers: US companies revive pension plans
2+ hour, 18+ min ago (524+ words) Defined-benefit pensions, long eclipsed by 401(k) plans, are making a selective comeback as rising share prices and bond yields ease funding pressures Defined-benefit corporate pensions in the United States, which once seemed headed for extinction, are drawing renewed attention. A growing…...
Rome weighs fines for ‘distracted walkers’
49+ min ago (213+ words) If you donât watch where youâre going, itâs going to cost you â at least in Italy. The country is proposing a fine, equal to about $120 Cdn, for pedestrians caught staring at their phones while crossing the…...
This David Schwartz???s Explanation Shows XRP Is Way Better Than Bitcoin
1+ hour, 5+ min ago (344+ words) Schwartz described what the Ripple team discovered early on when testing consensus. He said it had several advantages over proof-of-work. The obvious ones he named were financial. Proof-of-work systems require spending millions of dollars to keep the blockchain secure and…...
Is AI a threat to humanity? Claude and ChatGPT???s virtual shares plummet
8+ min ago (1016+ words) The sharpest fall has been seen in OpenAI. The share price is down by around 11 per cent, bringing the implied valuation of the company that owns ChatGPT to around 1,465 billion dollars. Anthropic – the company founded by Dario Amodei and developer…...
A product-led investor looks for performance: Why this can be a wrong starting point when selecting an asset
20+ min ago (496+ words) Investors often begin with the investment product: which mutual fund has delivered the best returns or which asset class is performing well. But according to 1 Finance, this may be the wrong starting point. In an X post, 1 Finance highlighted the…...
Vy Capital Builds $40 Billion SpaceX Stake With Four-Person
17+ min ago (356+ words) Vy Capital, a relatively low-profile venture capital firm with a four-person investment team, has accumulated a roughly $40 billion stake in SpaceX, highlighting the extraordinary gains available to early investors in Elon Musk’s private technology empire. The Financial Times reported that…...
Mizuho $100 million credit to Radiant World was secured by allegedly invalid invoices, documents show
36+ min ago (386+ words) Mizuho Bank provided some $100 million in credit to Radiant World in June which was secured by invoices that a counterparty to the iron ore trader later said were invalid, according to documents and a source with direct knowledge of the…...
Korea’s basic pension reform must prioritize sustainability and elderly poverty
3+ hour, 50+ min ago (461+ words) A proposed basic pension overhaul would raise spending while doing too little to cut older adult poverty. The author is an honorary research fellow at the Korea Institute for Health and Social Affairs and chair of Reset Korea Pension Reform…...
Parliamentary elections in Sweden on September 13, the center-left has a slight advantage over the right bloc
6+ hour, 14+ min ago (151+ words) The polling stations in Sweden opened at 8:00 AM local time (9:00 AM Kyiv time) and close at 8:00 PM Swedish time. The right bloc consists of: In the event of victory, the right parties have agreed to form a four-party government led…...