Business news 02 Mar, 2021
Dow Jones Futures: Is Stock Market Pullback Over? Nio Tumbles, Zoom Soars On Earnings - Investor's Business DailyGoogle News
Senior Nike executive resigns after story about her teen son, the sneaker flipper - OregonLiveOregonLive
Joe Hebert has made himself a prominent player in the so-called secondary sneaker market. As chronicled recently in Bloomberg Businessweek magazine, he's figured out how to buy the hottest models from Nike and other companies the minute they become available …
West Side Rag » Trader Joe's Employee Says He Was Fired for Asking for Safety Precautions; Company Disputes His Account - westsiderag.comwestsiderag.com
Fauci: U.S. must stick with two-shot strategy for Pfizer-BioNTech, Moderna vaccines - The Washington PostThe Washington Post
Delaying a second dose to inoculate more Americans creates risks, infectious-disease expert says.
All Apple retail stores in U.S. open for first time in almost a year; stock jumps - MarketWatchMarketWatch
As of Monday, all 270 Apple stores in the U.S. were open in some capacity, though some still have restrictions, such as being appointment-only.
Michigan to get Johnson & Johnson single-dose vaccine this week - The Detroit NewsThe Detroit News
U.S. regulators approved a third coronavirus vaccine Sunday, giving the country another tool at a critical time in the pandemic
5 Things to Know: Blue Shield takes over California's COVID-19 vaccination distribution - KCRA SacramentoKCRA Sacramento
San Joaquin and Stanislaus were among the first counties impacted by the shift to Blue Shield, as the insurance company focused its efforts on communities where the virus disproportionately affected families.
Website glitch prevents Oregonians from signing up for COVID-19 vaccinations at Walgreens - OregonLiveOregonLive
The retail pharmacy's issues mirror website troubles at other distribution outlets.
Video of crowded bar in Fishers prompts investigation - WISHTV.comWISHTV.com
FISHERS, Ind. (WISH) — The owners of Ale Emporium in Fishers have …
Frontier Cancels Flight, Citing Maskless Passengers - The New York TimesNew York Times
The airline’s treatment of the passengers, all Orthodox Jews, drew condemnation and accusations of anti-Semitism from Jewish groups.
Brazos, oldest Texas electricity co-op, files for bankruptcy after $2 billion bill - CBS NewsCBS News
Energy group said it won't pass on "unaffordable electric bills" to its members after state's power freeze.
Love’s Bakery, which struggled with pandemic losses, to cease operations at end of March - Hawaii News NowHawaii News Now
The news is certain to come as a shock to generations of Hawaii residents, who grew up on the company’s locally-made loaves and treats.
Airlines continue to flock to the Boeing 737 Max as it debuts on Alaska and United places a massive new order - Business InsiderBusiness Insider
Alaska Airlines had planned to launch Boeing 737 Max flights in the summer of 2019 but the aircraft's notorious grounding delayed its debut.
Arizona opens vaccinations at 2 of its state-run sites to people 55 and older - The Arizona RepublicAZCentral
Arizona on Monday announced two of its state-run vaccination sites will now be open to anyone 55 years of age and older.
Roku’s advertising ambitions just got even bigger with new Nielsen deal - The VergeThe Verge
Roku’s announcement that it’s acquiring a key component of Nielsen’s advertising unit will make it a one-stop shop for advertisers looking to get the best return on investment for their commercials on both linear TV and streaming video.
Donald Trump is one of 15,000 Gab users whose account just got hacked - Ars TechnicaArs Technica
GabLeaks includes 70,000 messages in more than 19,000 chats by over 15,000 users.
Amazon Manager Sues Company For Racial Discrimination In Hiring; Cites Abuse, Sexual Harassment - DeadlineDeadline
An Amazon manager Charlotte Newman has sued the giant company for racial discrimination in hiring and accused several executives of abusive behavior and sexual harassment. In the expansive lawsuit filed Monday in District Court in Washington, D.C. (read it he…
Real estate brokerage Compass files for IPO amid pandemic boom in housing prices - CNBCCNBC
Compass, which was valued at $6.5 billion in a 2019 financing round, announced plans to go public public and revealed a 56% surge in revenue last year.
Vizio files to go public, has sold over 80 million TVs - The VergeThe Verge
Vizio has filed an S-1 document with the SEC, revealing that the company has sold over 80 million TVs and more than 11 million soundbars. The S-1 also shows that Vizio sees huge potential in its SmartCast TV platform and advertising.
Sundial Growers Inc. (SNDL) Gains But Lags Market: What You Should Know - Yahoo FinanceYahoo Entertainment
Sundial Growers Inc. (SNDL) closed at $1.35 in the latest trading session, marking a +1.5% move from the prior day.
Saliva test for COVID-19 created at University of Illinois wins FDA OK - Chicago TribuneChicago Tribune
The saliva test is a popular alternative to more invasive nose swabs and can produce results in 24 hours.
1,248 new COVID-19 cases, 26 additional deaths reported in Mass. - WCVB BostonWCVB Boston
The Massachusetts Department of Public Health has released the latest COVID-19 case numbers for the state.
Royal Caribbean just announced its first 'fully vaccinated' cruises are setting sail in May - Business InsiderBusiness Insider
Crew and guests over 16 years old on the cruise line's new Odyssey of the Seas' trips from Israel must be vaccinated against the virus.
Twitter will label COVID-19 vaccine misinformation and enforce a strike system - The VergeThe Verge
Twitter announced that it will label tweets that present misleading information about COVID-19 vaccines. Alongside the expanded labeling, Twitter is also launching a strike system for repeat offenders that can lead to locked accounts and suspensions.
Novavax expects FDA clearance for Covid vaccine as early as May, CEO says - CNBCCNBC
The Food and Drug Administration could authorize Novavax's Covid-19 vaccine for emergency use as early as May, the company's CEO, Stanley Erck, told CNBC.
NIO Inc. Reports Unaudited Fourth Quarter and Full Year 2020 Financial Results - GlobeNewswireGlobeNewswire
Quarterly Total Revenues reached RMB6,641.1 million (US$1,017.8 million)iQuarterly Deliveries of the ES8, the ES6 and the EC6 were 17,353 vehiclesFull Year...
Why GameStop Stock Soared Another 18% Today - Motley FoolMotley Fool
If it's a day that ends in "Y," you can be sure the video game retailer's stock will be on the move.
Bars, restaurants, slew of other Kentucky businesses allowed to increase capacity to 60% - WLKY LouisvilleWLKY Louisville
The capacity bump is allowed to go into effect on Friday.
Zoom Video posts adjusted EPS, revenue beat - Yahoo FinanceYahoo Entertainment
Zoom reported earnings that beat estimates. Zoom reported an adjusted EPS of $1.22 and revenue of $882.5M, compared to Street estimastes of an adjusted EPS...
Market Wrap: Bitcoin Faces Long Odds in Bid for Sixth Straight Monthly Gain - CoinDesk - CoinDeskCoinDesk
Bitcoin started March nicely but whether it can match its previous winning streak is yet to be seen.
Canada vaccine committee advises against use of AstraZeneca COVID-19 shots for 65 years and above - Yahoo NewsYahoo Entertainment
Canada's National Advisory Committee on Immunization released new guidelines on Monday that advise against vaccinating people who are 65 years and older with...
Zoom Video Communications EPS beats by $0.43, beats on revenue - Seeking AlphaSeeking Alpha
Zoom Video Communications (ZM): Q4 Non-GAAP EPS of $1.22 beats by $0.43; GAAP EPS of $0.87 beats by $0.39.Revenue of $882.5M (+368.7% Y/Y) beats by $71.54M.Approximately 467,100...
Warren Buffett has made $100 billion on his investment in Apple - CBS NewsCBS News
The iPhone maker now makes up 40% of Buffett's $280 billion investment portfolio.
Fed policy changes could be coming in response to bond market turmoil, economists say - CNBCCNBC
While the Fed may not raise its benchmark interest rate for years, there are growing expectations it may tweak policy soon.
Reese's announces all peanut butter, chocolate-free peanut butter cup - Fox NewsFox News
Go away, chocolate.
Column: Biden criticizes Amazon's anti-union campaign - Los Angeles TimesLos Angeles Times
Amazon's campaign against a union drive in Alabama has drawn fire from President Biden.
Michigan reports 1,569 new COVID-19 cases, 12 deaths over weekend - Detroit Free PressDetroit Free Press
Michigan is now at 589,150 total COVID-19 cases and 15,534 total deaths since March 2020.
Genpact’s AI platform to process and track 'adverse events' of COVID-19 vaccine - Yahoo FinanceYahoo Entertainment
Tiger Tyagarajan, Genpact CEO & President, joins Yahoo Finance’s Alexis Christoforous to discuss vaccine outlook amid the pandemic.
Athenex stock plunges to pace all decliners after disappointing FDA response to breast cancer treatment NDA - MarketWatchMarketWatch
Shares of Athenex Inc. undefined plummeted 54.6% on very active afternoon trading Monday, enough to be the biggest decliner listed on major U.S. exchanges,...
2 Americans wanted in Ghosn's escape in Japanese custody - Fox BusinessFox Business
An American father and son wanted by Japan for aiding former Nissan Motor Co. Chairman Carlos Ghosn escape from the country in a box were handed over to Japanese custody Monday, ending their months-long battle to stay in the U.S.
Archdiocese calls Johnson & Johnson vaccine 'morally compromised' due to abortion ties - NOLA.comNOLA.com
The Archdiocese of New Orleans is warning local Roman Catholics that the newly authorized Johnson & Johnson coronavirus vaccine is "morally compromised" and should be avoided, if possible, in favor
How to Watch Tonight's SpaceX Rocket Launch - LifehackerLifehacker.com
SpaceX was forced to postpone its scheduled Starlink satellite launch on Feb. 28, just one minute and 24 seconds before liftoff. The system unexpectedly auto-aborted the mission despite the rocket being fully operational. SpaceX will attempt its Starfleet sat…
Self-employed, gig workers are still waiting for new PPP rules that would mean bigger loans - CNBCCNBC
The Small Business Administration will update how it calculates forgivable PPP loans for sole proprietors, but not until the first week of March.
Walmart drops the $35 order minimum on its 2-hour ‘Express’ delivery service - TechCrunchTechCrunch
In a move designed to directly challenge Amazon, Walmart today announced it’s dropping the $35 minimum order requirement for its two-hour “Express” delivery service, a competitor to Amazon’s “Prime Now.” With Walmart Express Delivery, customers can order fro…
CDC director warns states against lifting COVID-19 restrictions | TheHill - The HillThe Hill
Centers for Disease Control and Prevention (CDC) Director Rochelle Walensky on Monday warned stat...
Nearly 1.9 million Toyota RAV4 SUVs are under investigation after reports of engines catching fire - Business InsiderBusiness Insider
The US government is investigating Toyota Rav4 models from 2013 to 2018 after receiving 11 complaints over the past year of engine fires.
U.S. consumers made a record number of complaints in 2020 — this was their No. 1 grievance - MarketWatchMarketWatch
‘As consumers dealt with the economic fallout of the pandemic, they increasingly faced problems with financial companies’
Fiat Chrysler pleads guilty in corruption case - WDIV ClickOnDetroitWDIV ClickOnDetroit
Fiat Chrysler Automobiles, now part of Stellantis, has pleaded guilty in a long-running corruption probe.
Rocket Lab CEO says SPAC deal is 'a supercharger' for growth and adds ability to launch astronauts - CNBCCNBC
Rocket Lab is going public in the next few months and CEO Peter Beck spoke to CNBC to break down the space company's opportunities from the new cash pile.
Hard Rock Hotels to redevelop former Gibson Guitar site in Kalamazoo for new hotel concept - WWMT-TVWWMT-TV
The iconic Gibson Mandolin-Guitar Manufacturing Co. site in downtown Kalamazoo will be redeveloped into a new hotel property, under plans that will retain the smokestack. Historic Kalamazoo:Forgotten history of Kalamazoo women who built guitars during World W…
Wall Street's new bogeyman: the bond market - CNNCNN
Covid-19 no longer seems to be the biggest concern on Wall Street as more people are getting vaccinated. Now, the focus is squarely on the bond market and inflation.
Gas prices up 27 cents in 5 weeks; two key reasons experts say are behind the increase - WJW FOX 8 News Clevelandfox8.com
The average U.S. price of regular-grade gasoline has jumped 27 cents in 5 weeks.
In Texas, Travis County boasts highest percentage of residents willing to receive COVID-19 vaccine - Austin American-StatesmanAustin American-Statesman
In Travis County, 82.41% of residents would "definitely or probably" receive a COVID vaccine. That's the highest acceptance rate in the state.
Walmart nabs Goldman Sachs bankers to help lead its new fintech start-up - CNBCCNBC
The retail giant is looking for other ways to drive revenue, from advertising to financial services.
5 Best-Performing Stocks of the Top ETF of February - Yahoo FinanceYahoo Entertainment
Amplify Transformational Data Sharing ETF (BLOK) topped the list of the best-performing ETFs in February with impressive returns of about 31.8%.
Oil Prices Rally As U.S. House Passes Stimulus Package - OilPrice.comOilPrice.com
Oil prices rose early on Monday after the U.S. House passed the stimulus package, and another COVID-19 vaccine was approved for use in the United States
More than 700,000 vaccine doses have been administered in Iowa - KCCI Des MoinesKCCI Des Moines
The Iowa Department of Public Health on Monday reported 238 new positive COVID-19 tests and one additional death.
Starbucks adding Oatly oat milk to national menu, debuting new non-dairy drinks - Fox BusinessFox Business
Starbucks officially announced on Monday that Oatly oat milk will be available at U.S. locations starting Tuesday, after successful testing in the Midwest and California. News of the new “permanent” menu item comes after the chain had previously announced a …
COVID-19 vaccine worth 1,032 shots wasted in Japan due to freezer malfunction - ReutersReuters
More than 1,000 shots of coronavirus vaccine went to waste in Japan after storage temperatures deviated from a required range due to a freezer malfunction, the health ministry said on Monday, the country's first such case of wasted vaccines.
Klarna confirms new $31B valuation - TechCrunchTechCrunch
Klarna, the Swedish buy now, pay later behemoth and upstart bank, has raised $1 billion in new funding at a post-money valuation of $31 billion. That sees the company retain the crown as the highest-valued private fintech in Europe. Backers of this round are …