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TikTok tells U.S. lawmakers it's working to stop user data from being accessible to Chinese employees

  • July 2, 2022, 8:42 a.m.
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A leader of the U.S. Federal Communications Commission said he has asked Apple and Google to remove TikTok from their app stores over data security concerns. Pictured here is the TikTok download page

via www.cnbc.com

Do corporations have the right to “own” colors?

  • July 2, 2022, 7:42 a.m.
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Do corporations have the right to “own” colors? A threatening letter from one of the world’s largest telecom companies found its way into Daniel Schreiber’s mailbox one summer day in 2019. Photo by

via writerharry.medium.com

Inflation Clobbers Small Business Owners, Driving Up Debt Amid Rising Rent Costs

  • July 2, 2022, 3:42 a.m.
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Record-high inflation is having a traumatic impact on the U.S. economy and small business owners, with two new surveys charting the depth and scope of how the unwelcome new normal has disrupted operat

via www.benzinga.com

A pro-China propaganda group ran a targeted social media campaign to undermine the US rare earth industry, report says

  • July 2, 2022, 2:42 a.m.
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A pro-China propaganda group ran a social media campaign targeting rare earths mining companies. The group used fake accounts posing as Texas residents opposed to a new rare earths plant. Advertisem

via www.businessinsider.in

Elon Musk, Jeff Bezos, Mark Zuckerberg Other Top Billionaires Lose $1.4 Trillion In Worst Half Ever

  • July 1, 2022, 7:42 p.m.
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Elon Musk’s fortune plunged virtually $62 billion within the first half of 2022. Elon Musk’s fortune plunged virtually $62 billion. Jeff Bezos noticed his wealth tumble by about $63 billion. Mark Zuc

via newsactive.net

Kohl's says a real estate sale is on the table after scrapping deal talks

  • July 1, 2022, 1:42 p.m.
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Kohl's might not be selling its business after all. But it's now looking to sell some of its real estate, reversing its prior stance. The retailer on Friday announced it terminated deal talks with Th

via www.cnbc.com

CEO of $68 billion investment firm joins the Great Resignation: ‘I just want to go sit at the beach and do nothing’ – Fortune

  • July 1, 2022, 11:42 a.m.
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Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations. Subscribe to unlock this article and get full access to Fortune.com “I j

via fortune.com

We’re heading for a messy, and expensive, breakup with natural gas

  • July 1, 2022, 9:42 a.m.
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Russia’s invasion of Ukraine has exacerbated a number of fault lines already present within the global energy supply chain. This is especially true in Europe, where many countries were reliant on the

via www.engadget.com

Telecom monopolies are poised to waste the U.S.’s massive new investment in high-speed broadband

  • July 1, 2022, 9:42 a.m.
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U.S. broadband has always been mired in mediocrity. Despite decades of political promises and untold billions in industry subsidies, U.S. broadband is plagued by slow speeds, high prices, and spotty c

via www.dailydot.com

FCC authorizes SpaceX to provide mobile Starlink internet service to boats, planes and trucks

  • July 1, 2022, 7:42 a.m.
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The Starlink logo is seen in the background of a silhouetted woman holding a mobile phone. The Federal Communications Commission authorized SpaceX to provide Starlink satellite internet to vehicles i

via www.cnbc.com

China’s Gen Z unemployment has hit a record high

  • July 1, 2022, 5:42 a.m.
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10.78 million college graduates this summer are predicted to make the problem worse. Young professionals with education frequently favor joining large IT companies over the industrial sector. The perc

via china-underground.com

A Hearing Aid Oligopoly Is Trying to Strangle Cheap Over-the-Counter Competitors

  • June 30, 2022, 11:42 p.m.
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Even the Academy of Doctors of Audiology, which previously did not support over-the-counter hearing aids, got behind the bill. Audiologists long had an interest in resisting cheap hearing aids because

via newrepublic.com

Costco buys remaining stake in Taiwan joint venture for $1.05 bln

  • June 30, 2022, 8:42 p.m.
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A sign is seen outside a Costco Wholesale store in Glenview, Illinois, U.S. May 24, 2016. REUTERS/Jim Young/ June 30 (Reuters) - Costco Wholesale Corp (COST.O) said on Thursday it bought the 45% stak

via www.reuters.com

Electric Car Industry Doesn't Have a Demand Problem

  • June 30, 2022, 12:42 p.m.
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Ford As (credit) card-carrying Americans, we’re used to getting what we want, when we want it: Amazon deliveries at terrifying speed. A ranch’s worth of Costco beef. Oddities on , and the night-whisp

via www.roadandtrack.com

Samsung Electronics starts 3-nanometer chip production ahead of TSMC – TechCrunch

  • June 30, 2022, 11:42 a.m.
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Samsung Electronics said Thursday it has kicked off mass production of 3-nanometer chips, becoming the first company to do so globally, as it aims to beat Taiwan Semiconductor Manufacturing Co, or TSM

via techcrunch.com

Spirit delays shareholder vote on merger hours before meeting to continue deal talks with Frontier, JetBlue

  • June 30, 2022, 9:42 a.m.
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A Spirit Airlines plane on the tarmac at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Spirit Airlines on Wednesday delayed shareholder vote on

via www.cnbc.com

Elon Musk laughed at BYD in 2011. Warren Buffett's Berkshire Hathaway has made nearly 40 times its money on the Chinese EV stock.

  • June 30, 2022, 8:42 a.m.
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Elon Musk dismissed BYD as a Tesla rival in 2011, ridiculing the design and quality of its vehicles. Warren Buffett's Berkshire Hathaway has made a nearly 40-fold gain on the Chinese automaker's stoc

via markets.businessinsider.com

Walgreens profit beats on UK pharmacy sales boost

  • June 30, 2022, 6:42 a.m.
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A Walgreens store is seen in Chicago, Illinois, U.S. February 11, 2021. REUTERS/Eileen T. Meslar June 30 (Reuters) - Walgreens Boots Alliance Inc (WBA.O)reported a quarterly adjusted profit ahead of

via www.reuters.com

U.S. FCC commissioner wants Apple and Google to remove TikTok from their app stores

  • June 30, 2022, 5:42 a.m.
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BEIJING — A leader of the U.S. Federal Communications Commission said he has asked Apple and Google to remove TikTok from their app stores over China-related data security concerns. The wildly popular

via www.cnbc.com

The layoffs at Tesla show that white-collar workers are screwed, predicts hedge funder famous from ‘The Big Short’

  • June 29, 2022, 9:42 p.m.
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Michael Burry said on Tuesday that the U.S. labor market is about to be sliced in half, with blue-collar workers remaining a sought-after commodity, while white-collar workers see job losses and falli

via www.yahoo.com

FTC sues Walmart for facilitating fraud, costing consumers ‘hundreds of millions of dollars’

  • June 29, 2022, 6:42 p.m.
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The U.S. Federal Trade Commission has sued Walmart, alleging the company had allowed scam artists to use its money transfer services for fraud that cost consumers “hundreds of millions of dollars.” W

via www.al.com

New York's 1st legal marijuana crop sprouts under the sun

  • June 29, 2022, 11:42 a.m.
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CLIFTON PARK, N.Y. -- New York's recreational marijuana market is beginning to sprout, literally, with thin-leafed plants stretching toward the sun in farms around the state. In a novel move, New Yor

via abcnews.go.com

‘Some forced birth with your venti latte?’: Starbucks boasts it will provide reimbursement for workers to get abortions—unless they are a union shop

  • June 29, 2022, 10:42 a.m.
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Starbucks recently announced a new abortion policy to help employees seek out healthcare—unless they are part of a unionized store. The carveout for union shops was not met well online. After the Do

via www.dailydot.com

Accounting giant Ernst & Young admits its employees cheated on ethics exams

  • June 29, 2022, 9:42 a.m.
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Accounting giant Ernst & Young admits its employees cheated on ethics exams Enlarge this image toggle caption Gabriel Bouys/AFP via Getty Images Gabriel Bouys/AFP via Getty Images Ernst & Young, one

via www.npr.org

Airbnb to quit China as lockdowns restrict tourism

  • June 29, 2022, 8:42 a.m.
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In 2017, as part of its bid to expand, it renamed the Chinese operation Aibiying (爱彼迎) - meaning to welcome each other with love - which is easier to pronounce for Mandarin speakers.

via www.bbc.com

Trump's Truth Social struggled to hire tech workers because it wanted right-wing staffers and nobody wanted to take the jobs, report says

  • June 29, 2022, 6:42 a.m.
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Trump launched his own social media app Truth Social in February. The company that built the app struggled to hire tech workers, sources told Reuters. The hiring pool was narrowed by a reported comp

via www.businessinsider.com

Ark Invest's Cathie Wood says the U.S. is already in a recession

  • June 28, 2022, 8:42 p.m.
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Ark Invest CEO Cathie Wood said Tuesday that the U.S. is already in an economic downturn, and she admitted that she underestimated the severity and lasting power of inflation. "We think we are in a r

via www.cnbc.com

Twitter permanently suspends scores of 'news' accounts under the company BNN founded by Gurbaksh Chahal, former tech CEO convicted of battery

  • June 28, 2022, 8 p.m.
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YouTube/Elite Daily Scores of new accounts affiliated with Gurbaksh Chahal recently cropped up on Twitter. The accounts are all related to a "news network" BNN, founded by Chahal. Twitter has now d

via ca.finance.yahoo.com

Nevada approves cannabis lounge regulations, opening door to public marijuana use – The Nevada Independent

  • June 28, 2022, 7:42 p.m.
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A year after lawmakers passed a bill authorizing cannabis consumption lounges, Nevada officials have approved regulations that pave the way for bar-like establishments where people could use marijuana

via thenevadaindependent.com

Analysts accuse Bed Bath & Beyond of turning off AC in stores to save money as sales plummet

  • June 28, 2022, 11:42 a.m.
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New York (CNN Business) Retailers typically want their sales numbers to be red hot, not their customers. But Bed Bath & Beyond (BBBY) is reportedly dealing with cooled momentum and heated customers at

via www.cnn.com

Airbnb is banning party houses permanently

  • June 28, 2022, 9:42 a.m.
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Airbnb is permanently banning all parties and events at host properties around the world, it announced. That follows a temporary 2020 ban it had instituted on house parties to comply with COVID-relate

via www.engadget.com

Politics trumps business in Truth Social’s war on Big Tech

  • June 28, 2022, 7:42 a.m.
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???? Social-media startup Truth Social has branded itself as the anti-Twitter and the exclusive home of former President Donald Trump. Its prospects, the firm’s financial backers have disclosed in pu

via www.reuters.com

How Corporate America Uses ESG to Polish Its Image

  • June 28, 2022, 7:42 a.m.
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C oreCivic, the first publicly traded prison company in America and the first to operate both private prisons and private immigration detention centers on a for-profit basis, had another first to anno

via theintercept.com

Climate tech firm to launch scaled-up plant sucking CO2 from air

  • June 28, 2022, 7:42 a.m.
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A view of a computer-rendered image of Climeworks' Mammoth direct air capture plant, is seen in this undated handout picture obtained by Reuters June 28, 2022. Climeworks/Handout via REUTERS BRUSSELS

via www.reuters.com

Taiwan's GlobalWafers to invest $5 bln in new silicon wafer plant in Texas

  • June 27, 2022, 11:42 p.m.
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TAIPEI, June 28 (Reuters) - Taiwan's GlobalWafers Co Ltd (6488.TWO) will spend $5 billion on a new plant in Texas to make silicon wafers used in semiconductors, switching to the United States after a

via www.reuters.com

Housing correction is 'dead ahead,' warns economist Mark Zandi

  • June 27, 2022, 9:42 p.m.
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Mark Zandi, Moody's Analytics chief economist, on whether the housing market is due for a coast-to-coast correction. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Dan Nathan, Courtney

via sundispatch.com
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