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 […]

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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 […]

Lord & Taylor Becomes Latest Casualty Of The Coronavirus Hysteria The Coronavirus Hysteria, which has crippled the U.S. economy and caused the population to vacuum seal their homes in an attempt to “stay safe” has claimed another victim: Via CNBC Lord & Taylor, one of America’s oldest department stores, has filed for bankruptcy, joining a […]

COVID19 Hysteria Tanks US Economy In Second Quarter UPDATE: The initial numbers reported from Reuters in the story below are only partially correct.  This is a lie. GDP fell 9.5% in the 2nd quarter. 32.9% is the annualized number. How does @CNN allow it’s reporters to blatantly lie like this? Sadly, numerous other reporters are […]

McDonald’s To Close 200 Restaurants As COVID19 Takes Bite Out Of Profits Via International Business Times:  McDonald’s (MCD) will permanently close 200 of its 14,000 U.S. restaurants in 2020. The restaurant closures will focus primarily on locations in Walmart stores that are “low-volume,” USA Today reported. The announcement was made during the company’s quarterly earnings […]

Tesla To Open Cybertruck Vehicle Assembly Plant In Austin, Texas Via USA Today:  Electric car maker Tesla Inc. has picked the Austin, Texas, area as the site for its largest auto assembly plant employing at least 5,000 workers. The new factory will build Tesla’s upcoming Cybertruck pickup and will be a second U.S. manufacturing site […]

The Ballad Of The Chick Fil-A Betrayal From Mike “The King Dude” Church: I Told Ya So: Chick Fil-A Throws Christians Under The Profit Bus With the recent news about how Chick Fil-A has caved, lets take a trip in the way back machine. I called this one 7 years ago when the company was […]

Winchester, VA – U.S. News and World Report reports that stores in Poland were largely shut down yesterday as the new law banning nearly all trade on Sundays took effect. While some are very supportive of the laws, feeling that past exploitation of workers should be remedied with a mandated day of rest, others say that […]

Winchester, VA – Time reports that the United States dealt a major blow to the renewable energy industry yesterday in deciding to place tariffs on imported solar panels. Duties placed on foreign solar equipment could approach as much as 30%, which is devastating to a $28 billion industry which gets 80% of its parts abroad. Anticipating […]

Winchester, VA – Fox Business is reporting that some of the largest companies in the United States are celebrating the passage of the new tax reform bill and its lowering of the corporate taxrate from 35% to 21% by rewarding their employees. AT&T announced yesterday that over 200,000 of its employees will be eligible for a […]

Winchester, VA – Just breaking in the last hour is news that Facebook has experienced worldwide outages this morning. The Daily Caller reports that the social media giant was registering 2,000 outage reports every twenty minutes, according to Facebook’s outage reporter. Some of the areas experiencing the outages were the United States, Canada, Turkey, India, Russia, […]

Winchester, VA – Fox News reports that a computer glitch resulted in the crashing of airline check-in systems in over 100 airports around the world. Thousands of travelers remained grounded as a result of what Amadeus Alta, the company providing the check-in software,  called a “network issue that is causing disruption.” Some of the affected airports […]

Winchester, VA – If there is one aspect of starting a business that is all-consuming, it is financial management. Entrepreneur Magazine has published a piece for budding entrepreneurs giving 6 money management tips to help you build your business. First, prioritize organization: Record all of your financial information in one place so that you can easily […]

Winchester, VA – The Huffington Post reports that Richard Rowe, CEO of the Arkema Inc. chemical factory in Crosby, TX, has affirmed that they are expecting the chemical plant to explode in the next six days. The plant manufactures chemicals which require constant cooling, but the plant lost power on Sunday morning. With the volatile chemicals […]

Winchester, VA – Fox Business reported yesterday that new U.S. single-family home sales plunged 9.4% in July. Sales are now at their lowest point in the last seven months. This spells potential trouble when combined with a market where there is a lack of homes for sale, and in which housing prices are rising, it is […]

Winchester, VA – Yesterday, President Trump announced that an over $10 billion investment by Foxconn into the state of Wisconsin to build a factory that will manufacture LCD panels will put over 3,000 people to work. But did he? The Huffington Post reports that Foxconn, a Taiwanese company, has a poor track record of promising to […]

Winchester, VA – KSTP-TV reports that Wisconsin based vending machine company Three Square Market is going to be implanting microchips into its employees. Starting next week, those who wish to have the $300 chip, which is about the size of a grain of rice, will have them implanted between their thumb and forefinger. The company is […]

Winchester, VA – The Associated Press is reporting on the results of a new study examining the the $15/hour minimum wage law increase on the food service industry in Seattle. Opponents of the minimum wage increase, which will be fully phased in by 2021, argued that the industry could not bear the cost, and that restaurant […]

Winchester, VA – Reuters yesterday highlighted a company called Square Roots, which is training 10 “entrepreneurial farmers” to grow produce indoors in shippng containers in New York City in an attempt to create urban farms. After six months, farmers like Erik Groszyk, a Harvard grad who left his successful, but unfulfilling, investment banking career, are harvesting […]

Winchester, VA –  In this Celestial Musings, there is little that frustration and an entrepreneurial spirit cannot accomplish. The Huffington Post shared the story of Abu Masa, a Bostonian and former 7-11 franchise owner, became frustrated at the way he was being told to run his franchise. He was being forced to sell hot food that […]

Winchester, VA – The May jobs report was released on Friday. By all appearances unemployment seems to be decreasing. The Wall Street Journal reports that a net 138,000 jobs were added to the economy. The unemployment rate dropped to its lowest percentage since May 2001, settling out at 4.3%, which sounds good, but with a combination […]

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