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Beating up on Big Tech is fun and easy. Restraining it will require rewriting the law Members of a House subcommittee summoned the chief executives of Amazon, Apple, Facebook and Google on Wednesday to grill them on how their companies maintain, enhance and abuse their monopoly power. Over the course of the five-hour hearing, ...
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Dunkin' to close up to 1150 underperforming restaurants in 2020 In what Dunkin' Brands CEO Dave Hoffmann called "a good scrubbing of the portfolio," the parent company of Dunkin' and Baskin-Robbins said they would close up to 800 underperforming Dunkin' locations in the United States and up to 350 locations ...
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Powell Says Fed Committed to Improving Workplace Diversity, Culture Federal Reserve Chairman Jerome Powell said the central bank was deeply committed to fostering a diverse and inclusive work environment after a former staff economist published a lengthy blog post critiquing the treatment of women and minority ...
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Ask Larry: Shouldn't My Spousal Benefit Be 50% Of My Husband's Social Security Retirement Benefit? Today's column addresses questions about whether spousal benefits are always half of the other spouse's retirement benefit, divorced survivor benefits before a retirement benefit at 70 and how totalization agreements with other countries can affect retirement ...
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GDP Plunged At A 32.9% Rate: Here's Why It Matters The Commerce Department's initial estimate of U.S. gross domestic product (GDP) in the second quarter was, in a word, historic. The value of all goods and services purchased last quarter plunged at a 32.9% annual rate. This followed a 5% contraction in the ...
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Valero Refined 20% Less Oil In Second Quarter Than A Year Ago U.S. independent refiner Valero Energy VLO +0.3% recorded a net loss of $504 million as demand for gasoline and other key oil products cratered amid the COVID-19 pandemic, becoming the latest in a procession of oil and gas companies to deliver glum ...
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Electric scooters return to Chicago on Aug. 12 for 2nd year of pilot program The next round of the electric scooter pilot program is slated to launch Aug. 12 in Chicago, including 10,000 scooters from Bird, Lime and Spin, according to city and company officials. The program, which follows one last year involving 10 companies, allows ...
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Anheuser-Busch InBev Posts 17% Declines in Volume and Revenue in Q2 2020 The COVID-19 pandemic cut into Anheuser-Busch InBev's worldwide volumes and revenue during the second quarter of 2020. The world's largest beer maker reported that its total volume in Q2 declined 17.1% — as beer volume declined 17.2% and ...
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Chinese EV startup Li Auto goes public in the US, raises $1.1 billion The latest electric vehicle startup to cash in on a new wave of hype and investment in the space is Li Auto, a five-year-old Chinese company that started trading on the Nasdaq on Thursday after raising $1.1 billion in an initial public offering. It's the second ...
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Reliance's revenue sinks on oil hit, profit up on BP deal gain BENGALURU (Reuters) - Reliance Industries Ltd's (RELI.NS) June-quarter profit rose as the Indian conglomerate booked a one-time gain from a BP (BP.L) investment, although revenue tumbled as the coronavirus crisis slammed its refining and ...
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FOREX-Dollar stops digging as investors turn to Congress for stimulus ... * No dovish surprise from Fed helps dollar bounce. * Eurozone confidence surveys eyed as virus stalls U.S. recovery. * Yen firm amid worry about U.S. fiscal package, China tension. * Graphic: World FX rates in 2020 tmsnrt.rs/2RBWI5E. By Tom Westbrook.
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Novartis, Sangamo team up on genetic meds for autism in $75M deal Sangamo and Novartis will develop programs based on Sangamo's zinc finger platform that's designed to repress or boost the expression of specific genes. (Novartis). Share Facebook Twitter LinkedIn Email Print. Sangamo's struck another central nervous ...
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United warns of more pilot furloughs as US airlines eye second bailout CHICAGO/WASHINGTON (Reuters) - United Airlines (UAL.O) has told its pilots it may need more furloughs than originally planned this year and next due to a worsening industry outlook as COVID-19 cases rise, unless there is another bailout or unions agree ...
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Pfizer CEO says it's 'radical' to suggest pharma should forgo profits on COVID-19 vaccine: report It was a little more than a month ago, at the virtual BIO conference, that Pfizer's chief business officer John Young said the company wasn't thinking about a return on investment for its rapidly developed COVID-19 vaccine. Instead, he said, "finding medical ...
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A 30-Bagger in Under 5 Months, Here's Why Overstock Shares Popped Again Today Investors prescient enough to buy shares of Overstock.com (NASDAQ:OSTK) on March 16 at $2.53 per share should definitely celebrate today. As of 12:30 p.m. EDT on Thursday, the stock is up another 26% after reporting blowout results for the second ...
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Why Qualcomm Stock Is Surging Today The chip company's results beat expectations, and a new licensing agreement will boost revenue next quarter. Timothy Green. (TMFBargainBin). Jul 30, 2020 at 12:33PM. Author Bio. Tim writes about technology and consumer goods stocks for The Motley ...
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Juul Labs Submits E-Cig Pre-Marketing Application to FDA It's only the third time an e-cigarette company has attempted to make it through the regulatory morass. Rich Duprey. (TMFCop). Jul 30, 2020 at 12:52PM. Author Bio. Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of ...
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2021 Acura TLX Type S's 3.0L V-6 Makes 355 HP, 354 LB-FT The 2021 Acura TLX looks great, and with it comes a new Type S model powered by a turbocharged V-6 that should make enthusiasts grin. But there was one looming question when the new sedan was unveiled: how much power will the new six make?
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Bill Smith's Landing has doubled the company footprint in 6 months Shipt founder Bill Smith's latest venture is expanding into 10 markets, doubling its footprint in six months. Landing, which launched last November, is now available in Atlanta, Boston, Charlotte, Chicago, Dallas, Denver, Fort Lauderdale, Houston, Las Vegas, ...
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Nasdaq Composite exhibiting signs of panic-like buying as stock market trades off its lows on Thursday Trading in the Nasdaq Composite late-morning Thursday was exhibiting panic-like-buying behavior, as the stock-market benchmarks, weakened after the worst GOP report on record, came off their lows of the session. The Nasdaq Composite COMP, +0.25% ...
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Cafe Napoli owners to open new restaurant at Streets of St. Charles The Pietoso family of restaurateurs is adding a location in St. Charles. The Pietosos, who operate Cafe Napoli in Clayton and Napoli2 in Town & Country, plan to add a third location at Cullinan Properties' Streets of St. Charles. The new restaurant, to be called ...
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FTSE 100 slides 2.3% as Trump suggests poll delay & US economy shrinks by third (Update) UK shares slump after data reveals US economy suffered its sharpest contraction since 1930s Great Depression and president Trump moots postponing November election. By Michelle McGagh, Jeremy Gordon 30 Jul, 2020 at 17:00.
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Busch Gardens Williamsburg launches special event opening with limited capacity WILLIAMSBURG, Va. — Busch Gardens Williamsburg is still closed to the public but the park announced it is launching a limited capacity, special event opening in August. Coasters and Craft Brews is an outdoor event that will offer three roller coasters, local ...
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Bill Gates says most coronavirus tests are a 'complete waste' because the results come back too slow Bill Gates slammed coronavirus testing in the US in an interview with CNBC, saying that most tests are a "complete waste" because it takes too long for the results to come back. Gates, the former CEO and founder of Microsoft, believes that people need to get ...
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2021 Toyota Land Cruiser, 4Runner, Tundra pricing and special editions announced Toyota has announced pricing and details about the 2021 Land Cruiser, 4Runner SUVs and Tundra truck. Each model sees some mild tweaks and/or special editions added to the lineup. Base prices have also ticked up slightly. You can check out the updates ...
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SFO charges Airbus subsidiary for corrupt acts in Saudi Arabia The U.K. Serious Fraud Office on Thursday announced charges against GPT Special Project Management and three individuals concerning a criminal investigation that began eight years ago into allegations of misconduct in Saudi Arabia. The SFO began ...
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Will Tesla License Its Batteries and Autopilot? Tesla CEO Elon Musk has sparked a lot of conversation on the possibility of Tesla working together with other automakers after a recent tweet in response to a Teslarati article detailing some struggles of German automakers. Tesla is open to licensing software ...
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New US permit to boost Keystone pipeline oil exports by next year: TC Energy CALGARY - The CEO of TC Energy Corp. says the company will begin moving more oil from Western Canada into the United States by next year under a new U.S. presidential permit for the existing Keystone pipeline system. The permit quietly issued on ...
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How face masks work and which types offer the best COVID-19 protection Breaking down different types of coverings, the proper way to take them on and off and how to tell if a mask is professional grade. Facebook; Twitter; Comments; Print; Email. The Wall Street Journal. close. President Trump discusses governors and state ...
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China is buying more corn. That's good news for American farmers. China has bought more corn this year as part of the U.S.-China trade deal . Stockpiles of corn made by Chinese farmers are growing smaller, leading to increased interest in overseas buying of the grain. Overall corn production is up, as better crop conditions ...
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JC Penney attorney says liquidation 'not in the cards' Anne Stych, Staff Writer, Bizwomen Jul 30, 2020, 10:17am EDT. J.C. Penney attorney says liquidation 'not in the cards'. MATT MROZEK. He said the company will be sold, but not to Belk. Sign up for our free newsletter. Sign Up. Facebook · LinkedIn · Twitter ...
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It's Called Uber Eats, Not Uber Eats My Food: Austin Neighborhood Man Catches Delivery Driver Eating His Wing Order CHICAGO (CBS) — Wear a mask, wash your hands, how about keep your hands out of other people's bags? As CBS 2's Charlie De Mar reported Wednesday night, an Austin neighborhood resident said his Uber Eats delivery driver liked his food so much that ...
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Apollo Global's quarterly earnings fall on slower asset sales NEW YORK (Reuters) - Buyout firm Apollo Global Management Inc (APO.N) said on Thursday its second-quarter distributable earnings fell 11% on-year, weighed down by slower asset sales in its private equity and real estate businesses. Apollo said ...
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Foot Insoles Market Analysis Highlights the Impact of COVID-19 (2020-2024) | Increasing Geriatric Population to Boost ... LONDON--(BUSINESS WIRE)--Technavio has been monitoring the foot insoles market and it is poised to grow by USD 1.68 billion during 2020-2024, progressing at a CAGR of over 7% during the forecast period. The report offers an up-to-date analysis ...
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