Robinhood Is Facing Almost 50 Lawsuits over GameStop Trading Frenzy Via Breibart: A recent report from the New York Times states that the stock trading platform Robinhood is facing almost 50 lawsuits directly related to the recent GameStop trading frenzy. The New York Times reports that Robinhood, one of the most popular brokerages for online traders, is currently in talks […]

Wall Street ends lower as Apple and Tesla retreat Via Reuters: Wall Street ended lower on Tuesday, pulled down by Apple and Tesla, while materials stocks climbed as investors waited for the U.S. Congress to approve another stimulus package. Following strong gains in the prior session, technology shares dipped in the resumption of a rotation […]

BONDS 10-year Treasury yield continues to retreat from last week’s high Via CNBC: U.S. Treasury yields fell on Tuesday morning, with investors expected to be watching for comments on the economy in key speeches later in the day. The yield on the benchmark 10-year Treasury note fell to 1.426% at 3:50 a.m. ET. The yield on the 30-year […]

Ford Wants Its Cars Back From The NRA Amid Gun-Rights Group’s Bankruptcy Via Just The News: Ford wants a federal bankruptcy court to seize cars leased to the National RifleAssociation amid the gun-rights group’s bankruptcy. The Ford Motor Company asked a federal court Feb. 24, to seize all cars leased to the NRA and cancel […]

Bitcoin at ‘tipping point,’ Citi says as price surges Via Reuters: Bitcoin rose nearly 7% on Monday as risk assets rallied after last week’s bond rout cooled, with Citi saying the most popular cryptocurrency was at a “tipping point” and could become the preferred currency for international trade. With the recent embrace of the likes […]

Texas power cooperative files for bankruptcy, citing $1.8 billion grid debt Via Reuters: The largest and oldest electric power cooperative in Texas filed for bankruptcy protection in Houston on Monday, citing a disputed $1.8 billion debt to the state’s grid operator. Brazos Electric Power Cooperative Inc, which supplies electricity to more than 660,000 consumers across […]

Polaris To Launch Its First Electric Vehicle Via Reuters: Motorcycle and all-terrain vehicle maker Polaris Inc on Monday unveiled plans to launch its first electric vehicle, with an aim to advance the company’s position in the electric vehicle market. Polaris said the full-size Ranger, which it is developing in partnership with Zero Motorcycles, will launch […]

Oil Prices Jump As U.S. House Passes Huge Stimulus Bill Via Reuters: Oil prices rebounded more than $1 on Monday after the U.S. House of Representatives passed a huge stimulus package, although a slowdown in China’s February factory activity growth capped gains. Brent crude futures for May rose $1.24, or 1.9%, to $65.66 per barrel […]

U.S. Urban Office Market, Stung By Pandemic, Hopes Tech Firms Drive Comeback Via Reuters: The growing footprint in New York of major tech companies like Inc, Facebook Inc and Alphabet Inc’s Google has given property owners and brokers hope that once the coronavirus has been conquered demand for office space will quickly return to […]

Beyond Meat Strikes Deals With McDonald’s, Yum But Shares Fall Via CNBC: Beyond Meat on Thursday announced that it has struck deals with fast-food giants McDonald’s and Yum Brands, but shares fell on a disappointing earnings report. The company posted a bigger-than-expected quarterly loss as the cost of global expansion and weak restaurant sales weighed on the business. The […]

United 777 Plane Flew Fewer Than Half The Flights Allowed Between Checks Via Reuters: A United Airlines plane with a Pratt & Whitney engine that failed on Saturday had flown fewer than half the flights allowed by U.S. regulators between fan blade inspections, two sources with knowledge of the matter said. The Boeing Co 777 […]

Oil Hovers Near 13-Month Highs As Storm Hits U.S. Output Via Reuters: Oil prices extended gains for a fourth session on Thursday to reach the highest levels in more than 13 months, underpinned by an assurance that U.S. interest rates will stay low, and a sharp drop in U.S. crude output last week due to […]

Tesla Temporarily Halts Production At Model 3 Line In California Via Reuters:  Tesla Inc has told workers it will temporarily halt some production at its car assembly plant in California, Bloomberg News reported on Thursday, citing a person familiar with the matter. Workers on a Model 3 production line in Fremont were told their line […]

Home Prices Soar at Fastest Pace Since 2014 Via Breitbart:  Homes prices across America surged in December, typically the slowest month for the housing market. Home prices rose 10.4 percent compared with a year earlier, according to the S&P CoreLogic Case-Shiller Home Price Index. That is the strongest growth rate since 2014 and represents an […]

Hyundai Motor To Replace Battery Systems In $900 Million Electric Car Recall Via Reuters:  Hyundai Motor Co will replace battery systems in some 82,000 electric vehicles globally due to fire risks – a costly $900 million recall that lays bare the thorny issue of how car and battery makers split the bill when problems arise. […]

GameStop CFO To Step Down After Reddit Driven Stock Rally Via Reuters: GameStop Chief Financial Officer Jim Bell will step down next month, the video game retailer said on Tuesday, as it focuses on shifting into technology-driven sales in the wake of headline-grabbing big betting in its stock. GameStop said Bell’s resignation was not due […]

Cherokee Nation’s Principal Chief Does Not Think Jeep Should Use Tribe’s Name For Vehicles Via Just The News: Cherokee Nation Principal Chief Chuck Hoskin, Jr. believes that Jeep should cease using the tribe’s name for vehicles. “I think we’re in a day and age in this country where it’s time for both corporations and team sports to retire the […]

Bitcoin Tumbles 17% As Doubts Grow Over Valuations Via Reuters: Bitcoin tumbled 17% on Tuesday, sparking a sell-off across cryptocurrency markets as investors grew nervous at sky-high valuations and leveraged players took profit. The world’s biggest cryptocurrency suffered its biggest daily drop in a month, falling as low $45,000. Bitcoin was last down 11.3% at […]

HSBC Plans To Nearly Halve Office Space Over Long Term Via Reuters HSBC plans to nearly halve its office space globally over the long term as part of a cost-cutting drive set out on Tuesday, in a further sign the pandemic could mean permanent changes to working patterns. HSBC aims to cut its office footprint […]

Oil Prices Rise With Storm-Hit U.S. Output Set For Slow Return Via Reuters: Oil prices rose on Monday as the slow return of U.S. crude output cut by frigid conditions served as a reminder of the tight supply situation, just as demand recovers from the depths of the COVID-19 pandemic. Brent crude was up 33 […]

Bitcoin Slips Sharply From Record Highs In Cryptocurrency Market Via Reuters: Bitcoin fell sharply on Monday after surging to a record $58,354 a day earlier, as a selloff in global equities curbed risk appetite. The most popular cryptocurrency rallied over the weekend to record levels, almost doubling year-to-date. It hit a market capitalisation of $1 […]

World Shares Sink As Bond Yields, Commodities Surge Via Reuters:  World shares sank on Monday as expectations for faster economic growth and inflation battered bonds and boosted commodities, while rising real yields made equity valuations look more stretched in comparison. MSCI’s All Country World Index, which tracks shares across 49 countries, was down 0.4% after […]

Boeing Recommends Airlines Suspend Use Of Some 777s Via Reuters: Boeing Co urged airlines to suspend the use of 777 jets with the same type of engine that shed debris over Denver at the weekend after U.S. regulators announced extra inspections and Japan suspended their use while considering further action. The moves involving Pratt & […]

Bitcoin, Ether Hit Fresh Highs In The Cryptocurrency Market Via Reuters: Bitcoin hit a fresh high in Asian trading on Saturday, extending a two-month rally that saw its market capitalisation cross $1 trillion a day earlier. The world’s most popular cryptocurrency rose to an record $56,620, taking its weekly gain to 18%. It has surged […]

Big Tech-Led Equity Inflows Fuelling ‘Mother-Of-All Asset Bubbles’ – BofA Via Reuters: A record rush to big technology stocks saw equity funds bagging $27.8 billion inflows last week with the ongoing ultra-easy monetary policy creating the “mother-of-all asset bubbles”, BofA said on Friday. Global market capitalisation has risen $50 trillion, or $6.2 billion per hour, […]

Stocks Fall As Investors Fret Over Jobless Claims, Inflation Via AP News: Stocks posted modest losses on Thursday as investors had little reason to buy stocks with discouraging economic data and a steady rise in bond yields, which has started to raise concerns about inflation. The S&P 500 index dropped 17.36 points, or 0.4%, to […]

Yellen Says SEC Will Prepare Report On Retail Trading Volatility Via Reuters: U.S. Treasury Secretary Janet Yellen said on Thursday that an increased prevalence of zero-commission trading has spurred retail investors to get more involved in stocks, and the Securities and Exchange Commission will prepare a report on trading practices amid recent volatility. “Our broad […]

Nestle Outshines Peers Thanks To Pet Food, Health Products Via Reuters: Nestle wants to boost organic sales growth towards a mid-single-digit rate this year, the food giant said on Thursday, after strong demand for pet food and health products in the Americas helped its growth outshine peers last year. Consumers have kept buying packaged food […]

Cryptocurrency Surge Fueled By Mistrust Of Central Banks, Uncertainty About U.S. Debt Via Just The News: Fueled by mistrust of central banks and uncertainty about the debt-laden future of the United States, the ongoing surge in prices for cryptocurrency will likely continue for now, market experts told Just the News. The price of one Bitcoin, the most valuable […]

15 states Sue U.S. Agency Over Delayed Hike In Automaker Emissions Penalties Via Reuters:  Fifteen 15 U.S. states sued the National Highway Traffic Safety Administration (NHTSA) on Tuesday after it agreed last month under then-President Donald Trump to an auto industry request to delay the start of dramatically higher penalties for companies that fail to […]

U.S. Oil Prices Climb On Texas Cold Snap, Brent Stable Via Reuters: Oil prices hovered near 13-month highs on Tuesday on the back of a cold snap shutting wells in Texas, the the biggest crude producing state in the United States, while a wage deal in Norway averted outages in Europe, capping gains. Prices also […]

Luxury Car Brand Jaguar To Go All-Electric By 2025 Via AP News: Struggling luxury car brand Jaguar will be fully electric by 2025, the British company said Monday as it outlined a plan to phase out internal combustion engines. Jaguar Land Rover, which is owned by Indian conglomerate Tata Motors, hopes the move will help […]

Bitcoin within a whisker of $50,000 Via Reuters: Bitcoin hit a new record high $60 shy of $50,000 on Tuesday, extending a sharp rally that has been mostly fuelled by big investors beginning to take digital assets seriously. The first and most famous cryptocurrency, bitcoin hit $49,938 and has gained roughly 70% this year, most […]

Bitcoin Rally Falters Just Short Of $50,000 As Investors Take Profit  Via Reuters: Bitcoin stalled just short of the $50,000 mark on Monday and other cryptocurrencies slipped, as investors took profit from a record-breaking rally that is being driven by a worldwide shift in investor and public attitudes towards digital assets. Bitcoin fell as much […]

Elon Musk Says He Supports Top Dogecoin Holders Selling Most Of Their Coins Via Reuters: Billionaire Elon Musk said on Sunday that he supports major holders of the meme-based digital currency dogecoin selling most of their coins, adding that he felt too much concentration in dogecoin was the “real issue”. “If major Dogecoin holders sell […]

Oil Hits 13-Month Highs As Market Re-Balances Via Reuters:  Oil prices soared on Monday to their highest in about 13 months as vaccine rollouts promised to revive demand and producers kept supply reined in. Brent crude was up 77 cents, or 1.2%, at $63.20 a barrel at 0955 GMT, after climbing to a session high […]

Robinhood CEO Admits Communications Shortcomings, Ahead Of House Testimony Via Reuters: Robinhood, the trading app popular with young investors, could have better explained why it restricted the buying of heavily shorted stocks caught up in the social media-fueled trading frenzy around GameStop Corp, said the company’s chief executive officer. “No doubt we could have communicated […]

European Shares Dip, Bitcoin Hits Record High Via Reuters: World shares dipped on Friday as investors awaited progress towards more U.S. fiscal stimulus, while the dollar was set for a weekly loss and cryptocurrency Bitcoin hit a record high. European shares fell at the start of trading, with the pan-European STOXX 600 index down 0.2% […]

Wall Street Rally Pauses As Big Tech Loses Steam Via Reuters: The S&P 500 and the Nasdaq edged slightly lower on Wednesday as big tech stocks slid amid an ongoing rotation of portfolio holdings that gave a boost to energy shares and kept the overall market near record highs. Stocks shrugged off remarks by Federal […]

Yellen Eyes Innovation To Battle Misuse Of Cryptocurrencies Via Reuters: U.S. Treasury Secretary Janet Yellen on Wednesday warned about an “explosion of risk” from digital markets, including the misuse of cryptocurrencies, but said new financial technologies could also help fight crime and reduce inequality. In remarks to a financial sector innovation roundtable, Yellen said such […]

New CEO To Cut 8,000 Jobs As Heineken Feels Pandemic Effect Via Reuters: Heineken NV plans to cut about 8,000 jobs, the Dutch beer group said on Wednesday, seeking to restore operating margins to pre-pandemic levels after a sharp decline in profit because of coronavirus restrictions. The world’s second-largest brewer, which makes Europe’s top selling […]

Bitcoin Powers To New High As Tesla Takes It Mainstream Via Reuters: Bitcoin extended gains on Tuesday to a record high as the afterglow of Tesla Inc’s investment in the cryptocurrency had investors reckoning it would become a mainstream asset class for both corporates and money managers. Bitcoin has more than doubled over two months […]

Apple Positioned To Offer Cryptocurrencies: RBC Report Via Reuters: Apple Inc has a “clear opportunity” to offer a buying and selling mechanism for cryptocurrencies, a move that would allow the company to immediately gain market share, according to a research report on Monday from RBC Capital Markets. With its access to world-class software and a […]

Hyundai, Kia Say Apple Car Deal Now Off, See $8.5 Billion Wiped Off Market Value Via Reuters: South Korea’s Hyundai Motor Co said on Monday it is not now in talks with Apple Inc on autonomous electric cars, just a month after it confirmed early-stage talks with the tech giant, sending the automaker’s shares skidding. […]

GameStop, Clover Health Rise In Early U.S. Pre-Market Trading Via Reuters: Shares of videogame retailer GameStop Corp and insurance company Clover Health rose 3.5% and 4.1%, respectively, in early U.S. pre-market trading on Friday. Clover Health had slumped 12% on Thursday after short-selling specialist Hindenburg Research published a critical report of the Chamath Palihapitiya-backed company. […]

World Stock Markets Were Pushing For A Fourth Day Of Gains Via Reuters:  World stock markets were pushing for a fourth day of gains on Thursday as a near one-year high in oil prices, a revitalised dollar and rising bond yields refocused attention on inflation and normalising economies. With the WallStreetBets/Reddit retail trading tumult having […]

Nokia Fourth-Quarter Profit, Revenue Beat As CEO Lundmark Revamps Strategy Via Reuters: Finnish telecom network equipment maker Nokia reported better-than-expected fourth-quarter revenue and underlying profits on Thursday, buoyed by strategy revamp by new Chief Executive Officer Pekka Lundmark. Nokia said its October-December revenue fell 5% to 6.57 billion euros ($7.89 billion), beating a consensus figure […]

Regulators To Meet As Brokers Call Time On Reddit-Trader Rollercoaster Via Reuters: Hedge funds, small investors and stockbrokers are bracing for tougher U.S. markets regulation, with officials expected to meet this week to assess the fallout from a social media-driven trading frenzy that has roiled stocks and silver prices. Mass buying by amateur traders over […]

Global Stocks Rise As U.S. Retail Trading Frenzy Comes Under Scrutiny Via Reuters: World shares rose on Wednesday as volatility caused by a retail trading frenzy on Wall Street subsided on expectations of tougher regulation, while optimism about U.S. fiscal stimulus also supported sentiment. The MSCI world equity index was up 0.3% by 0852 GMT, […]

Jeff Bezos, Amazon’s Founder, Will Step Down As CEO Via AP News: Jeff Bezos, who founded Amazon and turned into an online shopping behemoth, is stepping down as the company’s CEO, a role he’s had for nearly 30 years. He’ll be replaced in the fall by Andy Jassy, who runs Amazon’s cloud-computing business. Bezos, 57, […]

GameStop, AMC Slide As Retail Trading Frenzy Stalls Via Reuters:  Shares of videogame retailer GameStop and movie theater operator AMC Entertainment Holdings lost 26% and 13%, respectively, in early pre-market trading on Tuesday. A sharp rally in the stocks of companies at the heart of the battle between amateur investors and Wall Street faltered in […]

Global Markets Buoyant As U.S. Stimulus Package Debate Looms Via Reuters: Global stock markets gained for a second day on Tuesday, spurred by increased optimism about economic stimulus and global recovery, while retail investors retreated from GameStop and their new-found interest in silver. Positive momentum from Asia carried through to Europe, with the pan-European STOXX […]

Elon Musk Says Bitcoin “On The Verge” Of Being More Widely Accepted Via Reuters: Billionaire Elon Musk said on Monday bitcoin was “on the verge” of being more widely accepted among investors as he expressed his support for the cryptocurrency in a chat on social media app Clubhouse that drew thousands of listeners. The comments […]

Global Shares Rally, Retail Surge Drives Silver To 8-Year High Via Reuters: Global shares bounced and silver markets surged on Monday as retail investors expanded their social-media fuelled battle against Wall Street to drive the precious metal to an eight-year high. Stock markets were roiled last week after a spike in retail demand to buy […]

Texas AG Ken Paxton Issues Civil Investigative Demands to Robinhood Via Breitbart:  Texas Attorney General Ken Paxton on Friday issued 13 Civil Investigative Demands to several trading platforms, including the embattled app Robinhood, in the wake of restrictions placed on GameStop stock thanks to traders on Reddit sending its shares soaring this week. “Wall Street […]

Robinhood Raises $1 Billion From Its Investors: NYT Via Reuters: Trading platform Robinhood Markets is raising an infusion of more than $1 billion from its existing investors, having been strained by high volumes of trading this week, according to a New York Times report early on Friday. The company contacted its investors, including venture […]

After Plunge, GameStop And AMC Remain Reddit Darlings Via Reuters: GameStop and AMC Entertainment Holdings remained overwhelmingly favored stocks on Reddit’s top trading forum on Thursday, even as they and other companies at the core of a retail trader frenzy plummeted after online brokerages imposed trading restrictions. Data about posts and comments on Reddit’s Wallstreetbets, […]

GameStop Slugfest Spreads As Calls For Probe Build Via Reuters: The battle between small-time traders and hedge funds that has shaken U.S. and European stock markets moved into Asia on Thursday, with surges in several Australian companies squeezing another batch of financial institutions that have bet on the stocks falling. In Europe, where the trend […]

Get Ready For Prices At The Gas Pump To Go Up, Up, Up Via Just The News: Under President Trump, the United States became the largest producer of oil in the world. In 2019, the U.S. produced 12,248,000 barrels per day (bpd), topping Saudi Arabia, which produced 12,000,000 bpd, according to the U.S. Energy Information […]

U.S. Treasury Yields Fall, Dollar Firms On Stimulus Delay Worries Via Reuters: U.S. Treasury yields fell to three-week lows while stock markets were mixed on Tuesday as concerns about potential roadblocks to new U.S. President Joe Biden’s planned $1.9 trillion stimulus weighed on investor sentiment. Mounting coronavirus cases and caution ahead of the U.S. Federal […]

U.S. Treasury Resuming Steps To Put Harriet Tubman On $20 Bill Via Reuters: The U.S. Treasury Department is taking steps to resume efforts to put escaped slave and abolitionist Harriet Tubman on the $20 bill, White House and Treasury officials said on Monday, saying the move would reflect U.S. history and diversity. The redesigned bill […]

Oil Prices Edge Up, But Lockdowns Restrain Gains Via Reuters: Oil prices edged up on Monday as supply jitters and U.S. stimulus plans offset fresh concerns about the hit to global fuel demand from renewed lockdowns to curb spikes in COVID-19 infections. Brent crude futures for March rose 34 cents, or 0.6%, to $55.75 a […]

Bitcoin Heads For Worst Weekly Loss In Months Via Reuters: Bitcoin wavered on Friday and was heading toward its sharpest weekly drop since September, as worries over regulation and its frothy rally drove a pullback from recent record highs. The world’s most popular cryptocurrency fell more than 5% to an almost three-week low of $28,800 […]

Oil Down $1 As China COVID-19 Cases Trigger Clampdowns Via Reuters: Oil prices fell on Friday, retreating further from 11-month highs hit last week, weighed down by worries that new pandemic restrictions in China will curb fuel demand in the world’s biggest oil importer. Brent crude futures fell $1.09, or 1.9%, to $55.01 a barrel […]

Remote Employees Don’t Want To Return To The Workplace After The Pandemic Via YouGov: As the vaccine rollout continues in America, businesses that have gone mostly or entirely remote may be considering bringing their employees back to the workplace once it’s safe to do so. But a recent YouGov poll of employees who are working remotely finds that most are enjoying working from home, and very […]

Bitcoin Slumps 10% As Pullback From Record Continues Via reuters: Bitcoin slumped 10% on Thursday to a 10-day low of $31,977 as the world’s most popular cryptocurrency continued to retreat from the $42,000 record high hit on Jan. 8. The pullback came amid growing concerns that bitcoin is one of a number of financial bubbles […]

Outlook Darkens For Wall Street As Biden’s Regulators Take Shape Via Reuters: Wall Street may be facing an uncomfortable four years after President-elect Joe Biden’s team confirmed on Monday it planned to nominate two consumer champions to lead top financial agencies, signaling a tougher stance on the industry than many had anticipated. Gary Gensler will […]

China Economy Grows In 2020 As Rebound From Virus Gains Via AP News: China eked out 2.3% economic growth in 2020, likely becoming the only major economy to expand as shops and factories reopened relatively early from a shutdown to fight the coronavirus while the United States, Japan and Europe struggled with rising infections. Growth […]

Oil Steady As Chinese Data Offsets Coronavirus Fears Via Reuters: Oil prices held steady on Monday as a better than expected quarterly rebound for China’s economy countered fears over soaring COVID-19 cases around the world and tight restrictions that could dent economic growth and fuel consumption. Brent crude gained 3 cents, or 0.1%, at $55.13 […]

Trump Directs Government To Minimize Procurement From China Via Reuters: In another action against China days before he leaves office, U.S. President Donald Trump on Friday directed government departments to look at ways to minimize procurement of Chinese goods and services to reduce the risks from espionage, his national security adviser said. In a statement, […]

Biden Unveils Plan To Pump $1.9 Trillion Into Pandemic-Hit Economy Via Reuters: President-elect Joe Biden outlined a $1.9 trillion stimulus package proposal on Thursday, saying bold investment was needed to jump-start the economy and accelerate the distribution of vaccines to bring the coronavirus under control. Biden campaigned last year on a promise to take the […]

Dollar Buoyed As Treasury Yields Stabilise Via Reuters: Stabilising U.S. Treasury yields helped the dollar trade back in positive teritory on Wednesday, though investors remained bearish on the currency’s near-term prospects. Benchmark 10-year Treasury yields fell more than 6 basis points from a 10-month high hit on Tuesday, briefly snuffing out a three-day winning streak […]

Volkswagen Recalls 56,000 Golf Models For Software Update Via Reuters: Volkswagen will recall 56,000 of its bestselling Golf models to fix software problems that affect the infotainment system and reversing camera, the German company said on Tuesday. The fix affects vehicles of the most recent Golf 8 series that were made until July 2020, a […]

US Safety Agency Rejects Petition To Recall Tesla Vehicles Via AP News: The U.S. government’s auto safety agency has rejected a request to investigate unintended acceleration in Tesla electric vehicles, saying the acceleration was caused by drivers pushing the wrong pedal. Brian Sparks of California, petitioned the National Highway Traffic Safety Administration in December of […]

Corporations Suspend Donations To U.S. Lawmakers Who Voted Against Biden Certification Via Reuters: Marriott International Inc, the world’s largest hotel company, and the Blue Cross Blue Shield Association (BCBSA) said Sunday they will suspend donations to U.S. lawmakers who voted last week against certifying President-elect Joe Biden’s victory. “We have taken the destructive events at […]

Boeing Will Pay $2.5 Billion To Settle Charge Over 737 Max Via AP News: Boeing will pay $2.5 billion to settle a Justice Department investigation and admit that employees misled regulators about the safety of its 737 Max aircraft, which suffered two deadly crashes shortly after entering airline service. The government and the company said […]

Hyundai Motor Says It’s In Early Talks With Apple To Develop A Car Via CNBC: Shares of Hyundai Motor surged 19% after the South Korean automaker said it was in early-stage talks with Apple over potentially working together to develop an electric car. “We understand that Apple is in discussion with a variety of global […]

Treasury Yields Climb Ahead Of December Jobs Data Via CNBC:  Treasury yields added to previous session gains, following a projected victory for the Democrats in this week’s runoff elections for Georgia’s two Senate seats. This gives the Democrats unified control of Congress and the White House, as President-elect Joe Biden comes to office, giving him […]

U.S. Considering Adding Alibaba, Tencent To China Investment Ban Via Reuters: The Trump administration is considering adding tech giants Alibaba and Tencent to a blacklist of firms allegedly owned or controlled by the Chinese military, two people familiar with the matter said on Wednesday. Targeting Asia’s two most valuable companies would be U.S. President Donald […]

Oil Hits Highest Since Late Feb On Saudi Cuts, U.S. Stock Draw Via Reuters: Oil prices hit their highest since late February on Thursday after a fall in U.S. stockpiles added further support following the unilateral decision by Saudi Arabia to cut output. Brent crude was up 18 cents, or 0.3%, at $54.48 a barrel […]

Nasdaq Futures Sink 2% As Investors Brace For Possible Blue Wave Via Reuters: Futures tracking the technology-heavy Nasdaq 100 index sank 2% on Wednesday as investors priced in the prospect of a Democrat-controlled Senate that could lead to tighter regulations on technology mega-caps. Democratic challenger Raphael Warnock won a hotly contested Senate race in Georgia […]

Stocks Fight For Ground Ahead Of Georgia Senate Runoff Via Reuters: World shares struggled on Tuesday amid new COVID lockdowns in Europe and Senate runoff races in Georgia that will affect incoming U.S. President Joe Biden’s ability to pursue his preferred economic policies. Wall Street suffered its worst start to a year since 2016 on […]

Tesla Shares Set To Start 2021 At Record High Via Reuters:  Tesla Inc shares were set to open at a record high on Monday after the electric-car maker reported better-than-expected vehicle deliveries in 2020, extending a meteoric rally that has seen the stock surge more than 700%. It delivered 499,550 vehicles last year, above Wall […]

US Layoffs Remain Elevated As 803,000 Seek Jobless Aid Via AP News: The number of Americans seeking unemployment benefits fell by 89,000 last week to a still-elevated 803,000, evidence that the job market remains under stress nine months after the coronavirus outbreak sent the U.S. economy into recession and caused millions of layoffs. The latest […]

The Justice Department Sues Walmart Over Role In Opioid Crisis Via AP News: The Justice Department sued Walmart on Tuesday, accusing it of fueling the nation’s opioid crisis by pressuring its pharmacies to fill even potentially suspicious prescriptions for the powerful painkillers. The civil complaint filed points to the role Walmart’s pharmacies may have played […]

Trump Derails “Santa rally”, Brexit Deal Hopes Lift Pound Via Reuters: European stocks also got a lift from the Brexit deal hopes, rising 0.35%, though Britain’s internationally-focused FTSE 100 index was down 0.15%. Oil prices dropped after an industry report showed an unexpected rise in U.S. crude oil inventories. [O/R] In a video posted on […]

Oil’s Rally, Fueled By Vaccine Progress, Is Running Out Of Steam Via Reuters: The oil market has rallied almost 40% in the last two months, pushing benchmarks to nine-month highs, in a euphoric response to progress on COVID-19 vaccines that has investors thinking the end of the coronavirus pandemic is in sight. Reality struck back […]

Oil falls $2 As New Virus Strain Sparks Demand Worries Via Reuters: Oil prices tumbled by $2 on Monday, as a fast-spreading new coronavirus strain that has shut down much of Britain and led to tighter restrictions in Europe sparked worries about a slower recovery in fuel demand. Brent crude was down $2.06, or 3.9%, […]

Global Stocks Lower After Wall St. Record On Stimulus Hopes Via AP News: Global stock markets and U.S. futures were mostly lower Friday after Wall Street hit a new high on optimism over economic stimulus and coronavirus vaccine development despite a spike in U.S. unemployment claims. Markets in Shanghai, Frankfurt, Tokyo and Hong Kong advanced […]

Australia To File Complaint Against China At World Trade Organization Via Brietbart: Australia will formally request the World Trade Organization (WTO)’s mediation to resolve an ongoing trade dispute with China, Australia’s trade minister announced Wednesday. “Australian officials … advised their Chinese counterparts of Australia’s intention to request formal consultations with China in relation to the application […]

Honda Recalls 1.4M US Vehicles For Software, Other Problems Via AP News: Honda is recalling over 1.4 million vehicles in the U.S. to repair drive shafts that can break, window switches that can overheat and a software flaw. The software recall includes 737,000 Accords from 2018 to 2020 and Insights from 2019 and 2020. A […]

Stocks Peak On Vaccine, U.S. Stimulus And Brexit Deal Hopes Via Reuters: World stocks rose to record highs on Wednesday while the safe-haven dollar reached its lowest in more than two and a half years on the prospect of effective coronavirus vaccines and more U.S. fiscal stimulus. European stocks and the euro also got a […]

Ford, Looking For Tesla Buzz, Introduces Mach-E Mustang To Showrooms Via CNBC: Tesla cars and SUVs are often compared to an iPhone on wheels. Tesla’s four models — the S, 3, X and Y SUV — literally spell out the word “sexy.” High tech and sex appeal are not things most Fords are known for, […]

Treasury Yields Climb As U.S. Coronavirus Vaccine Rollout Set To Begin Via CNBC: U.S. Treasury yields climbed on Monday morning, after Robert Redfield, the director of the Centers for Disease Control and Prevention signed off Pfizer’s coronavirus vaccine over the weekend, allowing vaccinations to begin. The yield on the benchmark 10-year Treasury note rose to […]

S&P And Dow Jones Remove Chinese Firms From Indexes Via Just The News: The S&P and the Dow Jones Industrial Average on Thursday removed some Chinese firms from their indices, following an executive order from the Trump administration. The administration order was issued last month and intends to limit the number of shares U.S. investment firms can buy of […]

DoorDash Delivers 86% Gain In Stock Market Debut Via AP News: DoorDash shares soared in its initial public offering Wednesday, capping a year of explosive growth for the food delivery company. What’s not yet clear is whether DoorDash can keep the momentum going even if delivery demand eases in a post-pandemic world. The San Francisco-based […]

Oil Rises On Vaccine Hopes Despite U.S. Stock Build Via Reuters: Oil prices rose on Wednesday as news about COVID-19 vaccines lifted investor hopes for a recovery in fuel demand and outweighed concerns sparked by figures indicating U.S. oil inventories jumped last week. Brent crude rose 57 cents, or 1.2%, to $49.41 a barrel by […]

Uber, Hard-Hit By Pandemic, Sells Its Robot-Vehicle Division Via AP News: Uber is selling off its autonomous vehicles development arm as the ride-hailing company slims down after its revenues were pummeled by the coronavirus pandemic. Self-driving vehicle technology company Aurora will acquire the employees and technology behind Uber’s Advanced Technologies Group in an stock transaction, […]

Mastercard To Investigate Allegations Against Pornhub Via Reuters: Mastercard Inc said on Sunday it was investigating allegations against following a newspaper column which said many videos posted on the adult website depicted child abuse. The New York Times column, written by Nicholas Kristof, described videos on Pornhub that the author said were recordings of […]

More Than 400 Lawmakers From 34 Countries Back ‘Make Amazon Pay’ Campaign Via Reuters: More than 400 lawmakers from 34 countries have signed a letter to Inc boss Jeff Bezos backing a campaign that claims the tech giant has “dodged and dismissed … debts to workers, societies, and the planet,” organisers said. The “Make […]

US To Block Goods From Chinese Company Over Rights Abuses Via AP News: The U.S. said Wednesday it would block imports from a major Chinese producer of cotton goods because of its reliance on workers detained as part of a crackdown on ethnic minorities in China’s northwest. Customs and Border Protection issued an order halting […]

NYC Bar Owner Who Defied Coronavirus Restrictions Arrested Via AP News: An owner of a New York City bar that was providing indoor service in defiance of coronavirus restrictions was arrested after a sting in which plainclothes officers went inside and ordered food and beverages, the city sheriff’s office said. Protesters shouted as deputies arrested […]

U.S. Government Releases Data On Businesses That Took Pandemic Aid Via Reuters: The Trump administration late on Tuesday released the names of more than 10 million businesses and individuals that took pandemic aid, providing more transparency for the programs which officials say have been plagued by fraud and abuse. The Treasury Department and Small Business […]

Nike and Coca-Cola Lobby Against Xinjiang Forced Labor Bill Via Outkick: The New York Times reports that Apple, Nike, and Coca-Cola are among the many global companies and business groups lobbying Congress to weaken a bipartisan bill that cracks down on human rights abuses and forced labor in China. “The bill also targets so-called poverty […]

Amazon Racked Up More Than $4.8 Billion In Sales Over Weekend Via Reuters: Inc said on Tuesday independent businesses selling on its platform crossed $4.8 billion in worldwide sales from Black Friday through Cyber Monday, an increase of more than 60% from a year earlier. In its first indication of performance for the year’s […]

10-year Treasury Yield Rises Despite Lingering Coronavirus Concerns Via CNBC: Shorter-dated Treasury yields rose even though the surge in coronavirus infections in the U.S. remained a concern, reaching 13,384,650 on Sunday, according to data compiled by Johns Hopkins University. November data from the Chicago purchasing managers’ index is due at 11:45 a.m. ET on Monday, […]

HSBC considers exit from U.S. retail banking: FT Via Reuters: HSBC Holdings Plc is considering a complete exit from retail banking in the United States after narrowing the options for how to improve performance at its struggling North America business, the Financial Times reported on Saturday. The bank’s senior management aim to present the plan […]

Disney To Lay Off 4,000 More At California, Florida Parks Via AP News: The Walt Disney Co. announced plans to lay off 4,000 more workers in its theme parks division in California and Florida due to the COVID-19 pandemic’s effect on the industry. The announcement by the company was made in a U.S. Securities and […]

Wall Street Rises, Nasdaq Hits Record High On Recovery Hopes Via Reuters:  Wall Street’s main indexes rose and the Nasdaq hit a record high on Friday as optimism around an economic rebound next year outweighed concerns around an expected surge in coronavirus infections following the Thanksgiving holiday. Sentiment was also lifted by President Donald Trump […]

Restaurant Workers Out Of Work Again As Virus Surges Anew Via AP News: Waiters and bartenders are being thrown out of work — again — as governors and local officials shut down indoor dining and drinking establishments to combat the nationwide surge in coronavirus infections that is overwhelming hospitals and dashing hopes for a quick […]

Retailers Brace As Virus Bears Down On Consumers And Economy Via AP News: LaTonya Story is every retailer’s worst fear. With the viral pandemic re-surging through the country and the economy under threat, Story has decided to slash her holiday shopping budget. She’ll spend less than $2,000 this season, down from several thousand dollars in […]

Treasury Yields Slump Amid State Coronavirus Restrictions Via CNBC: U.S. Treasury yields fell on Thursday as the country’s death toll from the coronavirus topped 250,000 and states sought to impose restrictions in order to curb the spread of the virus. The yield on the benchmark 10-year Treasury note slipped to 0.849% at 5:22 a.m. ET, […]

U.S. To Approve 737 MAX Return As Boeing Faces Strong Headwinds Via Reuters: After nearly two years of scrutiny, corporate upheaval and a standoff with global regulators, Boeing Co BA.N is set to win approval on Wednesday from the U.S. Federal Aviation Administration to fly its 737 MAX jet again after two fatal disasters. The […]

U.S. upgrades safety probe into nearly 159,000 Tesla vehicles Via Reuters: The U.S. National Highway Traffic Safety Administration (NHTSA) said on Monday it was expanding a probe into nearly 159,000 Tesla Model S and Model X vehicles, upgrading it to an engineering analysis, a step required before it can seek to compel recalls. The auto […]

Record high stocks bask in November reign Via Reuters: World stock markets grabbed a well-earned breather on Tuesday after a second major coronavirus vaccine boost in the space of a week had propelled them higher again and put Europe on course for its best month in nearly three decades. The pan-European STOXX 600 dipped 0.2% […]

To Help Economy, Bank Proposes Tax On Working From Home Via AP News: White collar staff reaping the financial benefits of working from home should be taxed to help other workers who aren’t getting the same advantages, experts at Deutsche Bank said in a new report. In its report on how to rebuild the economy […]

Nissan Explores Possible Sale Of 34% Stake In Mitsubishi Motors Via Reuters: Nissan Motor 7201.T is looking to sell some or all of its 34% stake in Mitsubishi Motors 7211.T, Bloomberg News reported on Monday, citing unidentified sources, a move that would reshape a three-way alliance that includes France’s Renault RENA.PA. Nissan shares rose 5% […]

Disney Said Covid-Related Costs Shaved $2.4 Billion From Parks’ Income Via CNBC: While the majority of Disney’s theme parks were open during the company’s fiscal fourth quarter, the continued closure of Disneyland in the U.S. resulted in a big financial hit. The company expects its California parks will remain closed through the end of this […]

Treasury Yields Slump As Coronavirus Cases Surge Via CNBC: U.S. Treasury yields fell on Friday as confirmed cases of the coronavirus in the U.S. reached a record high on Thursday. The yield on the benchmark 10-year Treasury note sunk to 0.882% at 5:02 a.m. ET, while the yield on the 30-year Treasury bond fell to […]

Online Shopping Surge Could Lead To Holiday Delivery Delays Via AP News: Retailers and carriers are preparing for an online holiday shopping surge that could tax shipping networks and lead to delivery delays. FedEx and UPS are ramping up their holiday hiring while expanding their weekend operations and asking retailers to use their shipping network […]

Federal Judge Dismisses Some Claims By Apple In Fight Against Epic Games Via Reuters: A federal judge in California late on Tuesday dismissed some of Apple Inc’s counterclaims against Epic Games, in a dispute that has seen the online game maker’s “Fortnite” game removed from the iPhone maker’s App Store. Apple and Epic have been […]

J.C. Penney Rescue Deal Approved In Bankruptcy Court Via Reuters: A U.S. judge on Monday approved a deal to rescue J.C. Penney Co Inc from bankruptcy proceedings precipitated by the coronavirus pandemic, averting a liquidation that would have put the beleaguered department store chain out of business and jeopardized tens of thousands of jobs. The […]

Investors Bet Vaccine Sparks Revival In Beaten Down Stocks Via Reuters: Investors expecting an imminent COVID-19 vaccine are beginning to buy bank stocks and industrials in anticipation of a roaring return in consumer confidence, though many remain wary of risks in sectors ravaged by the pandemic. The development of some kind of preventative medicine is […]

Americans Plan to Scale Back on Holiday Spending This Year Via Gallup: Americans predict they will spend an average $805 on Christmas gifts this year, significantly below their estimate a year ago ($942) and the lowest October holiday spending projection Gallup has measured since 2016. The sharp decline in Americans’ spending intentions since 2019 points […]

Toyota, Honda Double Profit Outlook As China Rebounds From Pandemic Via Reuters: Japan’s two biggest car manufacturers, Toyota Motor 7203.T and Honda Motor 7267.T on Friday more than doubled their operating profit forecasts, helped by recovering demand in China as it rebounds from the coronavirus pandemic. While China’s trade friction and worsening ties with the […]

Nintendo Raises Switch Forecast On Pandemic Gaming Boom Via Reuters: Japan’s Nintendo Co Ltd on Thursday said it expects to sell 24 million of its Switch games consoles in the year ending March 2021, up from a forecast of 19 million but still seen as cautious, as the COVID-19 pandemic drives a gaming boom. The […]

Stock Futures Jump As Potential Washington Gridlock Signals Less Regulatory Risk Via Reuters: U.S. stock futures jumped on Thursday on bets that a potential gridlock in Washington could reduce the chance of major policy changes that would hurt corporate America, although concerns remained about the risk of a contested presidential election. Democrat Joe Biden moved […]

US Construction Spending Up Again, Rises 0.3% In September Via AP News: U.S. construction spending rose 0.3% in September, the fourth straight monthly gain after a coronavirus-caused spring swoon, although a smaller gain than analysts had expected. The Commerce Department reported Monday that the September gain follows a downward revised gain of 0.8% in August. […]

Town Built On Guns Ponders Future After Remington Plant Sale Via AP News: Workers at the sprawling Remington factory in this upstate New York village took pride in a local gunmaking tradition stretching back to the days of flintlock rifles. Now they’re looking ahead with uncertainty. Jacquie Sweeney and her husband were among almost 600 […]

Walmart Pulls Guns From Sales Floors, Citing Civil Unrest Via Yahoo: Walmart plans to remove guns and ammunition from its sales floors in the US following unrest in Philadelphia this week, a spokeswoman said Thursday. The retail giant will continue to sell the items to consumers who request them, but will pull them from displays. […]

Global Shares Fall Back After Wall Street Rebound Via AP News: Global stocks and U.S. futures sank Friday as investors looked ahead to next week’s American presidential election and weighed the chances of economic aid from Washington and Europe. London and Frankfurt opened lower, while Tokyo, Hong Kong and Seoul all declined. Shanghai closed lower […]

U.S. GDP Booms At 33.1% Rate In Q3, Better Than Expected Via CNBC: Coming off the worst quarter in history, the U.S. economy grew at its fastest pace ever in the third quarter as a nation battered by an unprecedented pandemic started to put itself back together, the Commerce Department reported Thursday. Third-quarter gross domestic […]

Ford Blows Away Earnings Expectations On Truck Demand Via CNBC: Ford Motor blew away Wall Street expectations as well as the company’s forecast earnings for the third quarter on stronger-than-expected demand during the coronavirus pandemic. Ford’s stock jumped more than 7% during after-hours trading before leveling off at about $8.05 a share, up 4.5%. The […]

Sony’s Profits Rise As Pandemic Has People Playing Games Via AP News: Profit at Japanese electronics and entertainment company Sony Corp. more than doubled in the last quarter on healthy gains in its video game sector, as people stayed home during the pandemic, the company said Wednesday. Tokyo-based Sony reported a 459.6 billion yen ($4.4 […]

Oil In Reverse As Rise In U.S. Crude Stocks Fans Oversupply Fears Via Reuters: Oil prices went into reverse on Wednesday, giving up the previous day’s gains as a surge in U.S. crude stocks and rising coronavirus infections in the United States and Europe fanned fears of a supply glut and weaker fuel demand. Brent […]

U.S. Stock Market Braces For Rocky Week Ahead Of Contentious U.S. Election Via Reuters: Wall Street faces a rocky run-up to Election Day, with mounting worries about the outcome in Washington adding to nerves about the coronavirus pandemic and fading chances of stimulus. The Cboe Volatility Index, Wall Street’s “fear gauge,” surged to 32.46, its […]

Coca-Cola’s European Partner Makes $6.6 Billion Play For Australia Bottler Via Reuters: Coca-Cola Co’s European bottler has made a A$9.28 billion ($6.6 billion) buyout approach to Australian peer Coca-Cola Amatil Ltd, a cut-price proposal that the target firm is backing due to uncertainty sparked by the coronavirus crisis. The takeover by Coca-Cola European Partners PLC […]

China To Sanction U.S. Military Contractors For Supplying Weapons To Taiwan Via AP News: China’s government said Monday it will impose sanctions on U.S. military contractors including Boeing Co.’s defense unit and Lockheed Martin Corp. for supplying weapons to rival Taiwan, stepping up a feud with Washington over security and Beijing’s strategic ambitions. Raytheon Technologies […]

Daimler Lifts Profit Forecast As China Snaps Up Luxury Cars Via Reuters: Daimler DAIGn.DE raised its profit outlook for 2020 on Friday after a record 24% jump in Chinese demand for its Mercedes-Benz cars boosted margins in the third quarter, though it warned that a spike in COVID-19 infections made forecasting hard. Earlier this week, […]

Tesla Sets Revenue Record, Makes Profit Thanks To Pollution Credit Sales To Rivals Via OANN: Tesla Inc on Wednesday reported its fifth consecutive quarterly profit on record revenue of $8.8 billion, boosted by an uptick in vehicle deliveries and sales of environmental regulatory credits to other automakers. The electric car maker also affirmed its target […]

Netflix Falls Short On New Subscribers As Pandemic Boost Fizzles Via Reuters: Netflix Inc NFLX.O on Tuesday posted its weakest subscriber gains in four years as streaming competition increased, pandemic restrictions eased and live sports returned to television. The company added 2.2 million paid subscribers globally during the quarter that ended Sept. 30, missing Wall […]

U.S. Retailers Secure Stores As Worries About Election Unrest Mount Via Reuters: This time last year, shoppers on Chicago’s Magnificent Mile were waiting for Louis Vuitton to debut its whimsical holiday window decorations. Now those same windows are hidden behind a wall of wood panels painted bright orange. While still open for shoppers, stores like […]

Stocks And Bonds Yields Climb As Investors Eye U.S. Stimulus Via Reuter: Global stocks and bond yields rose on Wednesday as Washington moved closer to agreeing a coronavirus stimulus package, pinning the dollar at its lowest for a month. he MSCI world equity index .MIWD00000PUS, which follows shares in nearly 50 countries, gained 0.1%, buoyed […]

Stocks Up On US Vaccine Hopes This Year Despite China GDP Miss Via Yahoo Finance: Stock markets made gains worldwide on Monday amid hopes of a coronavirus vaccine breakthrough this year, offsetting weaker-than-expected Chinese GDP data. Pharmaceutical giant Pfizer announced on Friday it would seek emergency authorisation use from regulators in the US “soon after” […]

Europe’s Aviation Regulator Declares Boeing 737 Max Safe To Fly Via CNBC: Europe’s aviation regulator has declared Boeing’s 737 Max aircraft safe to fly after it was grounded in March 2019 following two accidents that left 346 people dead. Patrick Ky, executive director of the European Union Aviation Safety Agency, told Bloomberg Friday that he’s […]

United Loses $1.8 billion, Aims To Shift Focus To Recovery Via AP News: United Airlines financial hole grew deeper over the summer as a modest recovery in air travel slowed down, pushing the carrier to a loss of $1.84 billion in the typically strong third quarter. The airline said Wednesday that revenue plummeted 78% from […]

US Hiring Likely Slowed In September For 3rd Straight Month Via AP News: A critical snapshot of the job market and the economy to be released Friday is expected to show a further slowdown in hiring as the nation’s viral caseload creeps higher and as government financial aid has faded. When the Labor Department issues […]

Rolls-Royce To Raise $6.5 Billion To Cope With COVID Cash Crunch Via Reuters: Rolls-Royce RR.L plans to raise a total of 5 billion pounds ($6.5 billion), including 2 billion from shareholders, to cope with a “worst case scenario” as the coronavirus travel crisis crushes the British engine maker’s cashflow. Airlines pay Rolls based on how […]

American, United to furlough 32,000 As Time Runs Out On Aid Via APNews: American Airlines and United Airlines say they will begin to furlough 32,000 employees after lawmakers and the White House failed to agree on a broad pandemic relief package that includes more federal aid for airlines. American Airlines CEO Doug Parker said that […]

Las Vegas Shooting Victims to receive $800M settlement for MGM Resorts Via AP News: A court on Wednesday approved a settlement totaling $800 million from casino company MGM Resorts International and its insurers to more than 4,400 relatives and victims of the Las Vegas Strip shooting that was the deadliest in recent U.S. history. The […]

General Mills Is Releasing ‘Elf’ Cereal For The Holidays Via Best Product: The moment Thanksgiving is over, it’s Christmas movies, Christmas movies, and more Christmas movies. Elf was released in 2003 and has earned its spot in our regular viewing rotation during the holiday season. The beloved movie is now a cereal, thanks to General […]

Disney To Lay Off 28,000 At Its Parks In California & Florida Via AP News: Squeezed by limits on attendance at its theme parks and other restrictions due to the pandemic, The Walt Disney Co. said Tuesday it planned to lay off 28,000 workers in its parks division in California and Florida. Two-thirds of the […]

Airline Workers Brace For Mass Layoffs Amid COVID19 Hysteria Via AP News: The worries are growing for United Airlines flight attendant Jordy Comeaux. In a few days, he’ll be among roughly 40,000 airline workers whose jobs are likely to evaporate in an industry decimated by the coronavirus pandemic. Unless Congress acts to help for a […]

FAA Certifies World’s Largest Jet Engine For Commercial Use Via Cnet: Boeing’s new 777X has flown over a key hurdle to carrying passengers now that the Federal Aviation Administration has certified the enormous jet engine developed to power the wide-body airliner. General Electric announced on Monday that the FAA had officially blessed the GE9x, the […]

Adidas & Star Wars Releases New Chewbacca Shoes Via Screenrant: Fans of Star Wars’ fluffiest yet deadliest smuggler can now show off their love with a designer pair of Chewbacca-themed sneakers from Adidas. This is just another addition to the ever-increasing roster of Star Wars-themed merchandise making its way to store shelves. Though not necessarily […]

U.S. Judge Blocks Trump Administration’s Ban On New TikTok Downloads Via Reuters: A U.S. judge has temporarily blocked a Trump administration order that was set to bar Apple Inc and Alphabet Inc’s Google from offering Chinese-owned short video-sharing app TikTok for download at 11:59 p.m. on Sunday. U.S. District Judge Carl Nichols in Washington issued […]

BMW Fined $18 Million For Inflating Monthly US Sales Figures Via AP News: BMW will pay an $18 million fine to settle allegations that it inflated its monthly U.S. sales numbers for five straight years. The Securities and Exchange Commission said Thursday that the German luxury automaker kept a reserve of unreported sales that it […]

Tesla’s value drops $50 billion As Cheaper Battery Is Far Off Via Reuters: Investors slashed $50 billion from Tesla Inc’s market value on Tuesday despite CEO Elon Musk’s promise to cut electric vehicle costs so radically that a $25,000 car that drives itself will be possible, but not for at least three years. Tesla’s market […]

US Cruises Vow 100% Testing In plan For Resuming Sailing Via AP News: Major cruise lines say they will test all passengers and crew for COVID-19 prior to boarding as part of their plan for resuming sailing in the Americas. The Cruise Lines International Association, a trade group that represents 95% of global ocean-going cruise […]

Las Vegas Resort Report 548 Coronavirus Positives Via Honolulu Star-Advertiser: One Las Vegas Strip casino company said Thursday that it tallied 548 positive tests for COVID-19 among its 12,000 employees since May, and three workers have died. Wynn Resorts reported that testing found 51 positive cases of the new coronavirus among returning workers before reopening […]

Airline Workers Have Lower Rates Of COVID-19 Than General Population Via Business Insider: The coronavirus spreads when people are in close quarters for extended periods of time, breathing the same air with little space between them. So you might expect airplanes to be the perfect environment for the transmission. But some surprising data from airline […]

Introducing STNGR Edge Ballistic-Sunglasses STNGR Edge Ballistic Glasses/Sunglasses, endorsed by Mike The KingDude Church. Take The STNGR Sunglass Pop Quiz to get paired up with the perfect set of STNGR Frames style, size and lens color, custom made for you with a lifetime warranty!   [SOUND OF A CHAINSAW] I’M STARTING THIS COMMERCIAL WITH MY […]

Majority Of Business Closed Due To COVID19 Now Permanent    Via Yelp on Wednesday released its latest Economic Impact Report, revealing business closures across the U.S. are increasing as a result of the coronavirus pandemic’s economic toll.  As of Aug, 31, 163,735 businesses have indicated on Yelp that they have closed. That’s down from […]

Simon Malls Will Not Open On Thanksgiving Will Open For Black Friday Via Fox59:  Simon Property Group malls will not be open on Thanksgiving. The company said it’s making the change so employees can spend time with their families on the holiday. The malls will reopen for Black Friday sales. Locations that will close on […]

Oracle Chosen By ByteDance To Save TikTok U.S. Operations Via Reuters: Oracle beat Microsoft in the battle for the U.S. arm of TikTok with a deal structured as a partnership rather than an outright sale to try to navigate geopolitical tensions between Beijing and Washington, people familiar with the matter said. ByteDance, TikTok’s Chinese owner, […]

Starbucks Offers “Strawless Lids” Because Reasons Via Starbucks: Over the past year, Starbucks has trialed new lightweight, recyclable strawless lids in select markets across the U.S. and Canada. Due to the success of this test, the company is rolling out strawless lids to company-operated and licensed stores, marking a significant milestone in Starbucks effort to […]

ByteDance Discussing Possible Resolutions with the U.S. To Avoid Selling TikTok Via CNBC: ByteDance is speaking with the U.S. government about possible solutions that may allow it to retain some ownership of the U.S. operations of TikTok, while satisfying regulators in both China and the U.S. Those possibilities include handing over operational control of TikTok […]

U.S. Debt Soars To A Record $3.3 trillion Due To COVID19 Hysteria The federal budget deficit is projected to hit a record $3.3 trillion as huge government expenditures to fight the coronavirus and to prop up the economy have added more than $2 trillion to the federal ledger, the Congressional Budget Office said. The spike […]

Don’t Want To Wear A Face-Mask? Uber Will Shame You For It Uber continues to show that big tech and corporations are to be blamed for COVID19 hysteria more than the government. Via AP News: Mask slackers will now have to provide photographic proof they’re wearing a face covering before boarding an Uber. The San […]

Potential TikTok Sale To Be Announced Tuesday Via CNET: Chinese tech giant ByteDance may be ready to give up its control of TikTok after all, with a new report Monday saying the social networking app’s sale may be finalized tomorrow. A deal for TikTok’s US, New Zealand and Australian operations is expected to be announced […]

United Airlines Will No Longer Charge Travelers Fees To Change Domestic Flights Via CNBC: It’s time to say goodbye to the $200 ticket-change fee. United Airlines on Sunday said that it will permanently scrap fees to change domestic flights, a big bet that more flexible policies will win over much-needed customers as the pain from the […]

Lord & Taylor Goes Out of Business After 200 Years Via NBCNewYork: Lord & Taylor, one of the country’s oldest department store chains, is going out of business after filing for bankruptcy earlier this month. The retailer was sold just a year ago for $100 million to Le Tote, a San Francisco online clothing rental […]

New Round Of Layoffs In Store Due To Covid19 Hysteria Via Marketwatch: A flurry of fresh layoffs and furloughs in the U.S. is posing a new hurdle for a fragile economic recovery whose momentum appears to have flagged. A handful of large airline carriers and hotel chains such as American Airlines AAL, +2.33% and MGM […]

Walmart joins Microsoft In Bidding War For TikTok Heats Up Via AP News: Walmart is the latest company to want a piece of TikTok, the popular Chinese-owned video app that has come under fire from the Trump administration. The world’s largest retailer made a joint bid with tech giant Microsoft to buy TikTok’s U.S. business, […]

FDA Grants Emergency-Use Status To Abbott’s $5 COVID19 Rapid Test Via MarketWatch: The U.S. Food and Drug Administration has granted emergency-use authorization to Abbott Laboratories for a $5 rapid-response COVID-19 antigen test that is roughly the size of a credit card. The low-cost, rapid-response test could be administered in a doctor’s or school nurse’s office […]

CDC Advises Employees Not To Push Mask Mandates From Hill: Retail and service industry workers should not argue with anti-maskers, according to updated guidance from the Centers for Disease Control and Prevention (CDC). As part of new guidance for workplace safety, the agency said employees should not attempt to force customers to follow COVID-19 prevention […]

One-Fifth Of Small Businesses Will Close If Conditions Don’t Improve The continued assault on the small business class continues in the age of COVID19 hysteria. While the big box conglomerates record sky high profits, the middle class continues to suffer.  Via The Hill: One in every five small businesses say they will not be able […]

KFC Cleansing Itself Of ‘Finger Lickin’ Good’ Due To COVID19 Hysteria Another classic piece of Americana is being dropped in the age of COVID19 Hysteria Via Business Insider: KFC will temporarily suspend its “Finger Lickin’ Good” slogan citing hygienic concerns amid the ongoing coronavirus pandemic. The slogan suspension is featured as part of an ad […]

Brooklyn Mom & Six Kids Kicked Off JetBlue Plane After Toddler Refused To Wear Mask Via The New York Post: A Brooklyn mother and her six children were kicked off a Newark-bound JetBlue plane in Orlando after her 2-year-old daughter would not wear a mask, according to reports. Chaya Bruck, of Midwood, told WNBC that […]

Krispy Kreme Opens Dispensary Experiment In Downtown Charlotte Via  Krispy Kreme opened a new location in downtown Charlotte — unlike anything you’ve seen yet. This donut shop will be a dispensary. It acts like a vending machine, and shop owners say it’s going to be a bit of an experiment. “This Krispy Kreme is […]

Ex-Navy SEAL Banned By Delta For Refusing To Wear Mask Via A former Navy SEAL who said he killed Osama bin Laden was banned by Delta Air Lines this week for not wearing a face mask on a flight, according to a person familiar with the matter. U.S. carriers all require travelers wear masks on board […]

100 NYC Eateries Plan Lawsuit To Allow Indoor Dining Via New York Post: A coalition of 100 Staten Island and Brooklyn restaurants are planning a class-action lawsuit to force the city and state to reopen indoor dining in New York. “It feels like the government is moving the goal posts,” said Thomas Casatelli, who owns […]

Yum! Brands Unveils “New Normal” Resturants With More Dine Out Options Yum Brands, the owners of Taco Bell & Pizza Hut, have given us a glimpse of how corporate American will shift the “new normal” to just “normal”  Via  Taco Bell unveiled its latest restaurant design on Thursday, intended to push customers to order […]

Apple Achieves $2 Trillion Market Value As Tech Fortunes Soar Via AP News: Apple has become the first U.S. company to boast a market value of $2 trillion as technology continues to reshape a world where smartphones are like appendages and digital services are like instruments orchestrating people’s lives. The iPhone maker reached the $2 […]

First-Time Buyers Lead Mortgage Loan Delinquencies Surge Via Fox Business: Mortgage loan delinquencies jumped in the second quarter, but that’s partially because the figure includes homeowners who have entered into forbearance agreements. The delinquency rate for mortgage loans on one-to-four unit residential properties increased to 8.22 percent of all loans outstanding at the end of […]

Editor’s Note bene: The parent company of The CRUSADE Channel, BlackHat Studios is the owner of Founding Father films. Ed., M.C. Released earlier today on Twitter. I am announcing today that we have suspended ALL Founding Father Films merchandise sales and shipments to the Great retail Satan known as amazon for their rapacious & destructive […]

New U.S. Rule Could Deal ‘Lethal Blow’ To Huawei Via Huawei could face a “near-total” cut-off from key semiconductors after the U.S. tightened restrictions on the Chinese firm’s ability to obtain critical components, according to one group of analysts. The latest rule could be a huge blow for the technology giant, which was already […]

COVID19 Claims Pepperoni As The Latest Shortage Due To Hysteria Via Pepperoni lovers, it might be time to start experimenting with different pizza toppings, unfortunately. The latest food shortage to strike during the coronavirus pandemic is affecting small pizza shops around the United States. According to Bloomberg, restaurants have been experiencing higher prices from […]

Airline Industry On Verge Of Crash As COVID19 Money Runs Dry Via Just as the U.S. labor market shows signs of recovery, tens of thousands of airline workers are preparing themselves for economic pain from the coronavirus pandemic to come in the months ahead. U.S. airlines have warned more than 75,000 employees that their jobs are […]

Amazon Can Be Liable For Defective Goods Sold On Its Marketplace Via A California appeals court’s decision could soon make it harder for Amazon to skirt responsibility for unsafe products sold on its platform.  On Thursday, the California Fourth District Court of Appeals ruled that Amazon can be held liable for damages caused by […]

Dr Pepper shortage caused by COVID-19 Hysteria Via 8newsnow: Dr Pepper has been added to the list of things people may struggle to find at grocery stores, and it’s all because of COVID-19. On Monday, the brand tweeted that it was seeing a pandemic-induced shortage in stores. According to Dr Pepper, the shortage affects every […]

Brooks Brothers To Be Sold Out Of Bankruptcy For $325 million Via New York Post: Brooks Brothers will likely be sold out of bankruptcyfor $325 million this week after the storied retailer’s leading suitor hiked its offer by $20 million. The New York-based clothier picked Sparc Group LLC — a partnership between mall owner Simon […]

Hillandale Farms Accused of Price Gauging Egg During COVD19 Pandemic Via The New York Post: The fourth-largest egg producer in the country has been jacking up the prices of eggs during the coronavirus pandemic by as much as four times their regular rates, new court papers allege. Hillandale Farms, an Ohio and Pennsylvania based wholesale […]

CA Judge Grants Preliminary Injunction Against Uber and Lyft Via CNBC: A California judge granted a preliminary injunction Monday requiring Uberand Lyft to stop classifying their drivers as independent contractors pending further action by the court. The order will take effect after 10 days, as the companies requested a brief stay during the appeals process. If upheld, […]

Twitter Enters TikTok’s US Operations Sweepstakes Via Newsmax: Twitter Inc has approached TikTok’s Chinese owner ByteDance to express interest in acquiring the U.S. operations of the video-sharing app, two people familiar with the matter told Reuters, as experts raised doubts over Twitter’s ability to put together financing for a potential deal. It is far from […]

Mulan Moving To Disney+ Shows How COVID19 Changed Film Forever The Verge’s Julia Alexander has a great breakdown: Five months ago, I and many other people declared that despite Universal’s Trolls World Tour skipping theaters to premiere digitally, the idea of Disney exploring the same route with big blockbusters like Mulan was preposterous. I was wrong. Mulan, […]

Trump Takes Next Step On China With WeChat & TikTok Ban President Trump has taken the next step in his Cold War With China Via Reuters: U.S. President Donald Trump has unveiled sweeping bans on U.S. transactions with the Chinese owners of messaging app WeChat and video-sharing app TikTok, escalating a high-stakes confrontation with Beijing […]

Nintendo Reports An Insane 428% Surge In Profits In Q1 Via Nintendo’s operating profits skyrocketed 428% in the fiscal first quarter, the company said Thursday, a wild jump that reflects just how much the video game industry has benefited from the coronavirus pandemic. The Japanese gaming giant reported operating profit of 144.7 billion yen […]

Southwest Airlines Cuts Back On Covid-19 Cleanings Via Southwest Airlines is throttling back on its passenger cabin cleaning procedures instituted because of the Covid-19 pandemic.   The changes — such as no longer sanitizing seat belts between flights — will reduce the time aircraft spend on the ground between flights, the airline told flight […]

Square Reports 64% Jump In Revenue In Post COVID19 World Via Shares of Square soared on Tuesday evening after posting better-than-expected quarterly results and strong growth in its consumer payments app. The San Francisco-based company reported $1.92 billion in net revenue for the second quarter — a 64% year-over-year jump. Adjusted earnings per share […]

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