Enlarge / Apple CEO Tim Cook. (credit: Patrick T. Fallon/Bloomberg via Getty Images) In its quarterly call with investors today, Apple revealed that its revenue grew in all of its businesses and product categories, but the numbers weren’t enough to impress investors who were expecting even bigger gains. The company’s overall revenue grew by 29 […]
Co-parenting for Russell Simmons and Kimora Lee just got a little more complicated… On Tuesday, the 63-year-old music producer sued his ex-wife and Tim Leissner for allegedly attempting to steal shares from an investment to pay for her husband’s legal and bail fees stemming from a 2018 money laundering case, per E! News. According to […]
This is the kind of high-stakes separation consequences that we just can’t wrap our heads around… As we’ve been reporting, Bill and Melinda Gates recently announced their divorce, and it’s going to be a verrrrrry expensive one. As it turns out, the fourth-richest man in the world didn’t have a prenuptial agreement, but the couple did […]
Enlarge (credit: Innocenti | Getty Images) Melvin Capital, the hedge fund that was wrongfooted by retail traders who drove up shares in GameStop and other companies it had bet against, lost 53 percent in January, according to people familiar with the firm’s results. The New York-based hedge fund sustained a $4.5 billion fall in its […]
If you’ve been on the Internet at all the past 24 hours, you probably haven’t been able to avoid the buzz about GameStop stock. But… you know… what the serious eff is going on?! Reddit users bankrupting a huge hedge fund by buying stock in a failing video game store? How and why and huh?? Related: […]
Expand / Apple CEO Tim Cook. (charge: Patrick T. Fallon/Bloomberg through Getty Images) Apple declared its fourth-quarter earnings today after the bell, and it had been something of a peculiar quarter since, unlike any prior years (such as a year ago ), that quarter’s figures didn’t incorporate a iPhone launch. The iPhone 12’s many variations […]