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 cap dropped $20 billion in just two hours after trading closed Tuesday, as Musk and […]
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 capacity, said Monday that its members will also require passengers and crew to wear masks […]
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 June 4, and 497 since then. In a statement, company CEO Matt Maddox said a […]
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 workers show that is not the case. In fact, flight attendants and other airline workers […]
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Majority Of Business Closed Due To COVID19 Now Permanent Via CNBC.com: 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 the 180,000 that closed at the very beginning of the pandemic. However, it actually shows […]
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 Thanksgiving Day include Circle Centre Mall, The Fashion Mall at Keystone, Greenwood Park Mall, Hamilton […]
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, had been in talks to divest the U.S. business of its hugely popular short-video app […]
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 eliminate one billion plastic straws globally per year. Starbucks will continue to shift away from […]
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