Speculation is growing that the U.S.could release Viktor Bout, a convicted arms dealer nicknamed the “Merchant of Death,” to secure the freedom of women’s basketball star Brittney Griner and former U.S.Marine Paul Whelan , who are both imprisoned in Russia. Russian state media has speculated for months that Griner, who was detained at a Moscow…

The U.S.economy has shrunk for a second straight quarter, at an annual rate of 0.9 percent, raising concerns that the country may be heading into a recession and compounding the Biden administration’s political challenges as it grapples with decades-high inflation.The new figures, released Thursday by the Bureau of Economic Analysis, come at a tumultuous time…

Modern Family was a flagship of broadcast TV comedy.When the family-friendly sitcom aired its series finale in 2020, it concluded an epic run that won 22 Emmys and consistently grabbed high ratings over the course of its 11 seasons. But for Modern Family co-creator Steven Levitan’s next show, he’s going meta.Reboot is a new comedy…

Sony has cut its annual profit outlook, warning of weaker PlayStation game sales.The forecast comes as Sony revealed it shipped 2.4 million PlayStation 5 consoles in its recent quarter, up only 4 percent from the 2.3 million shipped during the same period last year.PS5 lifetime shipments have now reached 21.7 million. While hardware sales are…

A former MP and long-term shareholder in New Zealand’s largest listed retirement business challenged the board over its reporting at today’s AGM and plans to take it up with the Financial Markets Authority. John Boscawen, a former Act Party president and MP, criticised Ryman Healthcare’s board about aspects of the 2022 annual report and financial…

Amazon shares climbed more than 13% in extended trading on Thursday after the company reported better-than-expected second-quarter revenue and gave an optimistic outlook.Here’s how the company did: Here’s how other key Amazon segments did during the quarter: Revenue growth of 7% in the second quarter topped estimates, bucking the trend among its Big Tech peers,…

Facebook parent company Meta ( META ) reported its Q2 2022 earnings after the closing bell on Wednesday, falling shy of analysts’ expectations, and missing by a wide margin on its Q3 revenue forecasts.The quarter also marked the first year-over-year revenue decline for the social media company.Net income also fell 36% year-over-year. Here are the…

The U.S.economy shrank between April and June of this year, marking the second consecutive quarter of declining economic activity — a sign the U.S.may be teetering on the edge of a recession. The nation’s gross domestic product, a measure of total spending on goods and services across the economy, fell at an annual rate of…

The U.S.economy shrank between April and June of this year, marking the second consecutive quarter of declining economic activity — a sign the U.S.may be teetering on the edge of a recession. The nation’s gross domestic product, a measure of total spending on goods and services across the economy, fell at an annual rate of…

Amazon.com Inc.decided to cut back after years of pouring money into growth, and the result was a second consecutive quarterly loss, but a beat on sales and continued strong growth from Amazon Web Services helped push the stock higher in after-hours trading Thursday. Amazon AMZN, +1.08% reported a second-quarter loss of $2 billion, or 20…