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Barclays hit by $361 million US penalty for 'staggering' blunder

Barclays hit by $361 million US penalty for ‘staggering’ blunder

Sept 30 (Reuters) – British lender Barclays (BARC.L) agreed a $361 million penalty with US regulators on Thursday for “staggering” failures that led it to oversell $17.7 billion of structured products, racking up further costs for an error that has blighted CEO CS Venkatakrishnan’s first year in charge. The bank said after the London market …

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Micron cuts capital spending to stem 'unprecedented' oversupply cycle

Micron cuts capital spending to stem ‘unprecedented’ oversupply cycle

Micron Technology Inc. shares fell slightly in the extended session Thursday after the memory-chip maker said it was taking steps to emerge from an “unprecedented” current market downcycle by scaling back on plans to build out capacity. For the fiscal first quarter, Boise, Idaho-based Micron MU, +1.25% said it expects between an adjusted loss of …

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Stock market turnaround?  Why October is known as a 'bear killer'.

Stock market turnaround? Why October is known as a ‘bear killer’.

While September lived up to its reputation as a brutal month for stocks, October tends to be a “bear-market killer”, known for its historically strong returns, especially during midterm election years. Skeptics, however, are warning investors that negative economic fundamentals could overwhelm seasonal trends as what’s traditionally the roughest period for equities comes to an …

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Mark Zuckerberg and Facebook Deliver Very Bad News

Mark Zuckerberg and Facebook Deliver Very Bad News

Meta Platforms (META) is not doing well. The social-media giant, parent of Facebook, Instagram and WhatsApp, has been sending alarming signals for several months. It was ejected from the world’s top 10 most valuable companies, and this year its market capitalization has fallen by nearly $545 billion. During the third quarter, which is about to …

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GameStop Pre-Orders Are A Mess Right Now, Staff Says

GameStop Pre-Orders Are A Mess Right Now, Staff Says

Photo: SOPA Images (Getty Images) “Is there anything you want to pre-order?” Almost nobody walks in and out of a GameStop without hearing those words. Employees are measured against how many pre-orders they can rack up while GameStop rakes in the cash months ahead of a game’s actual release. But lately, the strategy has been …

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Jason Heyward Speaks: How the Cubs Handled This Transition, Not Retiring, Future in Ownership, "Bad" Contract, More

Jason Heyward Speaks: How the Cubs Handled This Transition, Not Retiring, Future in Ownership, “Bad” Contract, More

Outgoing Chicago Cubs outfielder Jason Heyward met with the media at Wrigley Field for the first time since the organization announced in August that he would not be returning to play for them this season, or in 2023, the final year of his contract. The situation has been handled as well as possible, all things …

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In his Western Dead For A Dollar, director Walter Hill fires blanks

In his Western Dead For A Dollar, director Walter Hill fires blanks

(From left) Warren Burke, Rachel Brosnahan, and Christoph Waltz in Walter Hill’s Dead For A DollarPhoto: Quiver Distribution Director Walter Hill is 80 years old, so unless he cranks out something real good real fast, his most widely remembered directing effort will be the 1982 Eddie Murphy-Nick Nolte action comedy 48 Hrs. That would be …

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'Screw her!'  Megyn Kelly hits out at Olivia Wilde for her portrayal of Jordan Peterson in the new movie

‘Screw her!’ Megyn Kelly hits out at Olivia Wilde for her portrayal of Jordan Peterson in the new movie

Megyn Kelly lashed out at director Olivia Wilde for making Jordan Peterson out to be a “demon” in her new film. The former Fox News primetime star reacted on her podcast to a recent interview in which Wilde said that she based Chris Pine’s character from “Don’t Worry Darling” on Peterson, the controversial Canadian author …

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The Water-Lakes-on-Mars Debate Just Got More Interesting

The Water-Lakes-on-Mars Debate Just Got More Interesting

This image taken by NASA’s Mars Reconnaissance Orbiter shows ice sheets at Mars’ south pole. Image: NASA/JPL-Caltech/University of Arizona/JHU Scientists have been arguing for years about ambiguous radar scans of Mars’ south pole. Do they reveal underground lakes of liquid water? Or something else? Two new papers out this week have added even more intrigue …

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'Community' Movie Is Finally Happening, at Peacock, Fulfilling the Show's Prophecy

‘Community’ Movie Is Finally Happening, at Peacock, Fulfilling the Show’s Prophecy

Pop, pop the champagne: Maybe it’s not the darkest timeline after all, as “six seasons and a movie” is finally becoming reality. Peacock has ordered a movie based on the Dan Harmon comedy “,” bringing back original stars Joel McHale, Danny Pudi, Alison Brie, Gillian Jacobs, Jim Rash and Ken Jeong to check in on …

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