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JPMorgan downgrades Victoria’s Secret, cites trouble for lingerie company’s core business

It’s time to move to the sidelines on Victoria’s Secret after its latest earnings results, according to JPMorgan. Analyst Matthew Boss downgraded the stock to neutral from overweight, citing continued pressure ahead for the lingerie company’s core business given a tough macro backdrop. “While VSCO is the leading market share player in US lingerie (~20% … Read more

Morgan Stanley downgrades Rent the Runway, cites ‘volatile’ business growth

Rent the Runway is a “show-me story” for now, according to Morgan Stanley. Analyst Lauren Schenk downgraded shares to equal weight from overweight, and slashed her price target, citing data that points to a more challenging path ahead for the online retailer. “Recent data suggests a meaningful October slowdown and a 3Q sub miss after … Read more

Food For Thought: Jan. 6 Rioter Cites A ‘Steady’ InfoWars Diet Pre-Attack

A member of the far-right Oath Keepers testified in her seditious conspiracy trial Wednesday that she joined the group following a “steady diet” of InfoWars conspiracy theories and stormed the Capitol on Jan. 6 because she “just got swept up.” Jessica Watkins, an Ohio military veteran on trial in Washington, D.C., with four other members … Read more

Teacher who allegedly had sex with student in 1990s cites ‘double jeopardy’ rule

Supplied Teacher Alvin Rolfe’s representative successfully applied to stay the charge of serious misconduct. (File image) A teacher who allegedly had sex with a female student on an overseas trip in 1995 has had a charge of serious misconduct stopped after arguing “double jeopardy”. Alvin Rolfe, now 71, worked at Morrinsville College in Waikato in … Read more

Elon Musk cites “difficult times ahead” in abruptly scrapping Twitter’s work from home policy

New Twitter owner Elon Musk sent his first email to employees late Wednesday to alert them of the social media company’s new rules: Working from home will no longer be permitted, with staffers expected to be in the office at least 40 hours a week. Musk — who titled his email “difficult times ahead” — … Read more

Fifth Circuit Cites Junk Science And Vaccine Skeptics In Latest Opinion And That Should Absolutely Terrify Everyone

The Fifth Circuit just affirmed a summary judgment against a Mississippi tanning salon that had filed “civil rights” claims against the city for imposing a lockdown during the height of COVID. It’s a trash lawsuit because not only were public health measures necessary to save lives but even without a lockdown nobody wanted to go … Read more

Herschel Walker Cites Ricky Bobby in GA Senate Race Speech

Play video content Herschel Walker sees his race for the U.S. Senate ending like a Talladega night — and it just might — but right now it’s way too close to tell who’s first or who’s last. The ex-football great opted for a NASCAR metaphor late Tuesday night as election results were still trickling in … Read more

Kyrie Irving cites ‘responsibility,’ stops short of apology

NEW YORK — Kyrie Irving stopped short of formally apologizing Thursday for his controversial social media post about a book and movie that feature antisemitic tropes — the way many in both the Brooklyn Nets organization and the NBA league office were hoping to hear. “I take my responsibility for posting that,” Irving said in … Read more

Spurs waive 2021 first-round draft pick, guard cites ‘previous trauma’

The San Antonio Spurs have parted ways with their 2021 NBA first-round draft pick after just 54 games.  On Friday, the organization waived Joshua Primo, whom it had drafted with the 12th pick of the 2021 NBA Draft. The Spurs had picked up Primo’s third-year option for the 2023-2024 season just two weeks ago, which … Read more

Biden Cites Liz Truss Fiasco As Cautionary Tale Against GOP Tax Cuts

President Joe Biden on Wednesday again weighed in on former British Prime Minister Liz Truss’ now-scrapped economic plan. The turmoil that followed the announcement of her “mini-budget,” which included $50 billion worth of unfunded tax cuts, triggered a fall in the value of the pound, increased the country’s borrowing costs and led to the downfall … Read more