Business - The CRUSADE Radio Network

ByteDance Discussing Resolutions with the U.S. To Avoid Selling TikTok

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 data to a U.S. tech company, while potentially still holding on to some ownership of […]

09/10/2020 3

U.S. Debt Soars To A Record $3.3 trillion Due To COVID19 Hysteria

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 in the deficit means that federal debt will exceed annual gross domestic product next year […]

09/03/2020 2

Don’t Want To Wear A Face-Mask? Uber Will Shame You For It

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 Francisco-based company unveiled a new policy Tuesday stipulating that if a driver reports to Uber […]

09/02/2020 11

Potential TikTok Sale To Be Announced Tuesday

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 "as soon as Tuesday," CNBC reported Monday, citing sources who wished to remain anonymous. It […]

09/01/2020 8

United Airlines Will No Longer Charge Travelers Fees To Change Domestic Flights

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 coronavirus pandemic’s impact on air travel continue to mount. It’s a page from the playbook of […]

08/31/2020 3

Lord & Taylor Goes Out of Business After 200 Years

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 company, by Canadian parent Hudson’s Bay Co. Lord & Taylor will permanently close its remaining […]

08/31/2020 4

New Round Of Layoffs In Store Due To Covid19 Hysteria

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 Resorts MGM, +4.60% said this week they would lay off or furlough more than 40,000 […]

08/29/2020 33

Walmart joins Microsoft In Bidding War For TikTok Heats Up

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, according to a person close to the deal who isn’t authorized to discuss the terms […]

08/28/2020 4

FDA Grants Emergency-Use Status To Abbott’s $5 COVID19 Rapid Test

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 and uses technology similar to home pregnancy tests. It returns results in about 15 minutes. […]

08/27/2020 1

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