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The "box office" is now open for George Balanchine's The Nutcracker?, streaming on @MarqueeArtsTV Dec 11 - Jan 3. Get your ticket to our quintessential holiday ballet today: https://t.co/quqc3HQl1y pic.twitter.com/Byg7YdTmTK— nycballet (@nycballet) November 27, 2020 274
Stocks fell sharply Monday, dragged down by reports of trouble at Apple and Facebook.The Dow closed down 396 points and the Nasdaq tumbled 3%.Facebook stock fell nearly 6% as the company continues to deal with the fallout from a New York Times article that detailed Facebook's reaction to political scrutiny and its Cambridge Analytica scandal. CEO Mark Zuckerberg has reportedly adopted a more aggressive, "war"-like style, according to the Wall Street Journal.Alphabet was also down 4%. It is now down 20% from its peak in July, placing it in bear market territory.Early in the day, stocks fell on news that Apple's newest line of phones may not be selling as well as Apple or its investors had hoped.Apple's stock fell once more after the Wall Street Journal reported that Apple has cut orders for its iPhone XR, iPhone XS and iPhone XS Max.The new iPhones, which Apple unveiled in September, cost more than previous versions. The 9 iPhone XR is the least expensive new iPhone, but it costs more than last year's cheapest model, the iPhone 8.The iPhone XS Max can cost up to ,449. The higher prices -- without many more features -- could be driving customers to keep their current phones longer or buy last year's models.Apple declined to comment about the Journal story or broader concerns about iPhone demand.Shares of Apple fell 5% and have now plunged about 20% from the all-time high it hit a few months ago, when Apple (AAPL) was worth more than trillion.The stock ended a 5-day losing skid on Friday after an analyst at Morgan Stanley suggested that the supplier concerns are overdone.Apple, which is a member of the Dow, was hurting the blue chips too.Several makers of chips and other components used in iPhones have warned of soft sales and profit in recent weeks, citing sluggish demand for higher-end smartphones.To that end, shares of Apple suppliers, such as Qorvo (QRVO), Broadcom (AVGO), Cirrus Logic (CRUS) and even Apple's key Anrdoid phone rival Samsung were all lower Monday too. Samsung also makes chips for iPhones.Investors have other reasons to be concerned about the future of Apple -— as well as other big tech companies for that matter.Apple CEO Tim Cook said on the "Axios on HBO" show Sunday that he expects Washington to crack down on tech firms in the wake of high-profile privacy scandals, such as the Cambridge Analytica problems that have plagued Facebook (FB)."I am not a big fan of regulation," Cook said to Axios on HBO. "I'm a big believer in the free market. But we have to admit when the free market is not working. And it hasn't worked here. I think it's inevitable that there will be some level of regulation."HBO, like CNN, is part of WarnerMedia, which is owned by AT&T (T). 2745
TALLAHASSEE, Fla. (AP) — Billionaire Mike Bloomberg is helping Florida felons pay their debts so they can vote in the presidential election. The former Democratic presidential candidate is taking action days after Florida Gov. Ron DeSantis won a court victory to keep felons who served their time from voting until they’ve also paid off fines, restitution and court fees. Bloomberg is part of an effort that has raised more than million dollars to help these felons vote in the presidential election. That’s in addition to 0 million he has pledged to help Joe Biden win Florida.“The right to vote is fundamental to our democracy and no American should be denied that right. Working together with the Florida Rights Restoration Coalition, we are determined to end disenfranchisement and the discrimination that has always driven it,” Bloomberg said in a written statement.A federal appellate court ruled on Sept. 11 that in addition to serving their sentences, Florida felons must pay all fines, restitution and legal fees before they can regain their right to vote. Under Amendment 4, which Florida voters passed overwhelmingly in 2018, felons who have completed their sentences would have voting rights restored. Republican lawmakers then moved to define what it means to complete a sentence.In addition to prison time served, lawmakers directed that all legal financial obligations, including unpaid fines and restitution, would also have to be settled before a felon could be eligible to vote.The Florida Rights Restitution Coalition had raised about million before Bloomberg made calls to raise almost million more, according to Bloomberg staffers.The case could have broad implications for the November elections. Florida has 29 electoral college votes that are crucial to President Donald Trump’s hopes of staying in the White House. 1861
Thanksgiving may not have all the fixings this year. Most Americans are planning a scaled back event.But 75% of people told Butterball they plan to have a turkey the same size this year, as last year.“If you're looking for a smaller turkey, I would recommend shopping early to get what you want,” said Andrea Balitewicz, Butterball Turkey Talk-Line Supervisor.While many people are looking for some normalcy this Thanksgiving, 30% are hosting immediate family only.Butterball says there will also be more first-time hosts.“But there's also other products available like our turkey breast roasts, which are perfect for just a couple of people, or you can find the bone in turkey breast and that's a really great product too, and it's some for about six to seven people. So, it's a great product for smaller celebrations.”Butterball is planning the same offerings as usual. About half its turkeys will be in the 10-16 pound range. The other half in the 16-24 pound range.Walmart says it will have 30% more turkey breasts for those that don't want to cook a whole bird, even though they will have plenty of those.Kroger bought more turkeys than usual. It's predicting an increase in demand for alternatives.Turkey sales have been falling in general, according to Nielsen data. Last November they were down 3.5% from the year before. Sales for beef and plant-based meat were up. 1382
The biggest shopping day on the planet raked in an eye-popping .4 billion.Chinese e-commerce giant Alibaba said Saturday that sales soared past billion after just 13 hours of the retail blitz known as Singles Day, eclipsing the .8 billion it managed in the full 24 hours last year.Singles Day, a bonanza of online spending in China, has for years racked up more sales than Black Friday and Cyber Monday combined.Earlier in the day, Alibaba said eager shoppers had managed to spend billion in just 2 minutes.As the clock struck midnight in Shanghai, the final sales tally rang in at ,386,927,848, marking about a 40% increase over last year's record-setting sales total.Singles Day started out as an informal holiday in China celebrating single people on a day that epitomizes not being paired off: 11/11. Alibaba turned it into a festival of discount deals in 2009.Alibaba has used the now-massive event to lure international companies onto its platforms. More than 40% of the brands taking part this year came from outside China, according to research firm eMarketer Retail.And while Singles Day still mostly targets Chinese consumers, it's also increasingly spreading to other countries, experts say.Local players in Southeast Asia like Lazada (an Alibaba subsidiary), Zalora and Shopee launched their own Singles Day promotions this year, said Xiaofeng Wang, an analyst with research firm Forrester.The event is also evolving beyond its original conception as an online shopping spree.Alibaba and its main Chinese rival, JD.com, have both made significant investments in brick-and-mortar businesses. And they're using the popularity of Singles Day to drive shoppers to offline stores, too.Cosmetics giant L'Oreal, for example, set up an interactive mirror at its Shanghai store where shoppers could try on virtual makeup using augmented reality and then order products on a touch screen linked to an Alibaba platform.But beyond the blockbuster sales, Singles Day also creates an enormous amount of waste.Greenpeace said the manufacturing, packaging and shipping linked to the event produced 258,000 tons of carbon dioxide emissions last year. It would take about 2.6 billion trees to absorb it all.The environmental activist group estimates this year's shopping blitz is on track to leave an even bigger carbon footprint."More over-consumption means more CO2 emissions and waste," said Greenpeace campaigner Nie Li. 2442