Business news 05 Feb, 2021
The latest on the coronavirus pandemic and vaccines: Live updates - CNNCNN
The coronavirus pandemic has brought countries to a standstill. Meanwhile, vaccinations have already started in some countries as cases continue to rise. Follow here for the latest.
Google has to make the call on its future in Australia, competition watchdog says - CNBCCNBC
Google last month threatened to pull its search engine from Australia where it has a staggering 94.5% market share.
Alibaba’s $38 Billion Bond Sale Shows Jack Ma Fans Still Believe - Yahoo FinanceYahoo Entertainment
(Bloomberg) -- Alibaba Group Holding Ltd. drew robust orders for a $5 billion bond sale, demonstrating investor confidence in the e-commerce giant’s long...
Pfizer pulls application in India for COVID-19 vaccine emergency use - Reuters - Seeking AlphaSeeking Alpha
Pfizer (NYSE:PFE) has withdrawn an application in India for emergency use of the COVID-19 vaccine it developed with BioNTech (NASDAQ:BNTX), Reuters reports.
Watch out, Alibaba. Chinese video apps are quickly becoming e-commerce players too - CNBCCNBC
Popular video apps are becoming marketing channels that generate billions in merchant sales by connecting viewers to existing e-commerce sites, or their own.
Robinhood Lifts Buy Restrictions on GameStop, AMC As Stocks Tank - BenzingaBenzinga
Robinhood has lifted temporary limits it imposed on the purchase of so-called meme stocks like GameStop Corp (NYSE: GME) and AMC Entertainment Holdings Inc ...
Robinhood lifts trading restrictions on GameStop, AMC stock - MarketWatchMarketWatch
The easing of restrictions comes as the massive wave that lifted GameStop, AMC and others appears to be crashing amid increasing regulatory scrutiny.
Some baby foods tainted with 'dangerous levels of toxic heavy metals', congressional report finds - Fox BusinessFox Business
The report is urging U.S. regulators to set maximum levels permitted in baby foods and to require manufacturers to test finished products for heavy metals
CNN President Jeff Zucker to Leave Network at End of Year - IndieWireIndieWire
Jeff Zucker's leadership helped the network become the dominant name in cable news during Donald Trump's presidency.
Vaccinations begin next week at select Winn-Dixie locations - WESH 2 OrlandoWESH Orlando
Starting Feb. 11, the vaccine will be offered to those who are eligible at select locations through the Federal Retail Pharmacy program.
California town giving overnight visitors $100 to spend during trip - Fox NewsFox News
The Santa Maria Valley is giving away $100 gift cards to 500 visitors who stay overnight in the area.
Tesla Semi & Tesla Giga Berlin Production Starting In Mid-2021 — Rumor & Website Update - CleanTechnicaCleanTechnica
How fast can Tesla grow? That's a question worth a few hundred billion dollars or so. It seems that the answer mostly comes down to battery supply. Tesla is currently building giant automotive factories in Germany and Texas, while also expanding its Chinese f…
NHTSA Has A Lot Of Catch-Up Ahead - JalopnikJalopnik
It’s happening too often. Someone spots a Tesla owner sleeping while motoring down the freeway, their car under the control of Tesla’s Autopilot driver assistance system. Next thing you know, it’s all over social media. You may wonder how Tesla was able to r…
Biden's plans for recovery imperiled by swelling ranks of long-term jobless - PoliticoPolitico
More than one in three jobless Americans are now classified as long-term unemployed — defined as being out of work for six months or more.
Tapestry CEO says heart-shaped Kate Spade bag sold out after going viral on TikTok - CNBCCNBC
"We were able to harness that. The bag sold out. We got it restocked," Tapestry CEO Joanne Crevoiserat told CNBC.
Henry Ford docs spot potentially fatal iPhone 12 problem with pacemakers, defibrillators - USA TODAYUSA Today
Magnets in the iPhone 12 can disable pacemakers and implanted defibrillators, Henry Ford doctors found. They prompted Apple to issue a warning.
Feds Charge Former Nike Employee With $1.4 Million Fraud - Sole CollectorSole Collector
The U.S. Attorney’s Office charged a former Nike marketing manager with embezzling $1.4 million from the brand. Click here for the full story.
Asian futures flat after Wall Street closes at record highs - ReutersReuters
- Global shares traded near record highs on Friday, with Asian stocks taking their lead from Wall Street, as progress in vaccine distribution prompted bets on further normalisation in the global economy and an earnings recovery.
Jim Cramer: This market's back in rally mode, settling into a solid rhythm - CNBC TelevisionYouTube
"That's what we want: straightforward moves based on how companies are actually doing, not chaotic moves caused by short squeezes and rocket ship emojis," th...
Why PayPal Stock Popped Today - Motley FoolMotley Fool
With more consumers shopping online during the coronavirus pandemic, the fintech star's profits are growing at a rapid clip.
Merck CEO says public service is in his future, but not politics, as he plans June retirement - CNBCCNBC
Merck CEO Ken Frazier is retiring in June. He leaves a legacy of a focus on research, and a commitment to social justice that he's likely to continue.
Canada bans cruise vessels until Feb. 28, 2022 - KOMO NewsKOMO News
TORONTO (AP) — Canada is banning all cruise vessels in Canadian waters until Feb. 28, 2022. Transport Minister Omar Alghabra announced Thursday cruise vessels carrying 100 or more people will remain prohibited from operating in Canadian waters. The ban …
Waterford CVS turns away group of seniors from NY seeking COVID vaccine - WTNH.comWTNH.com
Police in Waterford were called to a CVS in town where a group from out of state had shown up to get the COVID-19 vaccine.
Hershey tracked Covid trends after seeing s'mores demand rise as cases grew, CEO says - CNBCCNBC
Hershey said its chocolate sales were 40% to 50% higher in areas with an increased number of Covid-19 cases than areas that were lower.
Ford UAW hourly workers earn $3,625 profit-sharing checks amid 2020 earnings dip - Detroit Free PressDetroit Free Press
Ford and its UAW members saw their profits shrink after a brutal 2020.
Stock market news live updates: Stock futures tick up, adding to record levels - Yahoo FinanceYahoo Entertainment
Stock futures opened slightly higher as the overnight session kicked off Thursday evening.
T-Mobile to spend up to $3B on saying bye to Sprint - Fox BusinessFox Business
The Bellevue, Wash., company said it would spend $2.5 billion to $3 billion before taxes folding the stores, employees and network infrastructure it acquired from its one-time competitor into the new business. The company spent about $1.9 billion on such expe…
Florida police are searching for a suspect who stole a car carrying Covid-19 vaccine - CNNCNN
Police in Plant City, Florida, are searching for a person they say stole a car containing vials of Covid-19 vaccine.
Founder Of $90 Million Cryptocurrency Hedge Fund Charged With Securities Fraud And Pleads Guilty In Federal Court - Department of JusticeJustice.gov
Why Peloton Stock Jumped on Thursday but Pulled Back After Market Close - Motley FoolMotley Fool
Following an upbeat day for the stock during regular trading hours, Peloton just reported some huge, fiscal second-quarter growth.
Coronavirus (COVID-19) Update: FDA Continues Important Work to Support Medical Product Development to Address New Virus Variants - FDA.govFDA.gov
FDA Continues Important Work to Address New Virus Variants
Sen. Amy Klobuchar Announces Antitrust Bill to Combat "Massive Competition Problem" - Hollywood ReporterHollywood Reporter
The Competition and Antitrust Law Enforcement Reform Act would shift the burden of companies proposing mega-mergers to prove their deal wouldn't pose a risk to competition.
Yellen, Regulators Meet Amid GameStop Frenzy to Discuss Market Volatility - The New York TimesNew York Times
The Treasury Secretary met with her fellow regulators to discuss whether markets need new attention after the rise of so-called “meme stocks.”
Snap says its TikTok competitor already has 100 million monthly users - The VergeThe Verge
Snap says Spotlight, a TikTok competitor built into Snapchat, had 100 million monthly users in January 2021, just two months after launch.
Trader Joe's increases pandemic pay nationwide, while Kroger announces store closings over hazard pay mandates - USA TODAYUSA Today
Trader Joe's has increased COVID-19 pandemic pay nationwide while Seattle, several California cities mandate hazard pay. Kroger is closing two stores.
$1.7 billion Ponzi scheme defrauded 17,000 investors, SEC says - CNNCNN
The SEC charged investment adviser GPB Capital Holdings and three executives with defrauding over 17,000 retail investors in a Ponzi-like scheme that raised over $1.7 billion on Thursday.
Pinterest adds 100 million users in 2020, Q4 revenue surges 76% - MarketWatchMarketWatch
Pinterest Inc. capped off a roaring 2020 by adding a record 100 million-plus users for the year and posting 76% year-over-year growth in fourth-quarter...
Double Face Masks? N95? Protect Yourself Against New Covid-19 Variants With These Mask Upgrades - The Wall Street JournalThe Wall Street Journal
The guidance around masks is changing. Here’s the latest that you need to know.
Staff outraged at New York Times response to reporter's racist language - The GuardianThe Guardian
Letter criticizes handling of complaint that reporter Donald McNeil Jr used racist language while on a company-sponsored student trip
Pima County to see a significant drop in COVID vaccines from the state next week - Arizona Daily StarArizona Daily Star
Pima County will receive only 17,850 doses of COVID-19 vaccine next week instead of the 29,850 doses it has been averaging each week from the state.
Instagram bans hundreds of accounts in OGUsers takedown - EngadgetEngadget
Instagram has banned hundreds of accounts tied to the notorious “OGUsers” forum, where members buy and sell stolen social media accounts.
Apple shares jump amid reports that electric car deal is near - New York PostNew York Post
Apple’s stock price got some extra juice Thursday following reports that it’s close to inking a deal to produce an autonomous electric car. The iPhone maker’s shares climbed as mu…
Elon Musk breaks his very brief Twitter silence to tout DogeCoin - Daily MailDaily Mail
Musk, who earlier this week had vowed to stay 'off Twitter for a while', returned early Thursday with a flurry of memes promoting the obscure and frequently derided cryptocurrency.
GoPro, Inc. to Host Earnings Call - BenzingaBenzinga
NEW YORK, NY / ACCESSWIRE / February 4, 2021 / GoPro, Inc. (NASDAQ:GPRO) will be discussing their earnings results in their 2020 Fourth Quarter Earnings ...
Ford Motor Co. to Host Earnings Call - Yahoo FinanceYahoo Entertainment
NEW YORK, NY / ACCESSWIRE / February 4, 2021 / Ford Motor Co. (NYSE:F) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call...
17 Super Bowl Recipes for the Tiniest Tailgate - The New York TimesNew York Times
These dishes will help keep things festive, whether you’re watching the game alone, with a roommate or just family.
Gov. Cox announces expanded COVID-19 vaccine eligibility starting in March as state sees 1273 new cases, 14 deaths - KSL.comKSL.com
On March 1, eligibility for the vaccine will be expanded to Utahns age 65 and over.
Andy Jassy, new Amazon CEO, steps into the spotlight after building a profit machine - CNETCNET
Amazon Web Services outpaces cloud competitors Google and Microsoft. One of its architects will face new challenges when he takes over Jeff Bezos' role in July.
Parts shortage plagues F-150 production; Ford cuts more shifts in Dearborn, Kansas City - Detroit Free PressDetroit Free Press
Ford working to keep plants open as semiconductor shortage disrupts global auto industry.
Charlottesville CVS added to list of COVID-19 vaccination locations - WVIRWVIR
Folks will soon be able to get a coronavirus vaccine shot at CVS in Charlottesville.
2022 Nissan Frontier vs. Chevy, Ford, Honda, Jeep and Toyota trucks - CNETCNET
Nissan's brand-new Frontier is finally ready to battle the big boys.
23andMe Is Going Public - GizmodoGizmodo.com
Genetics testing giant 23andMe is officially going public.
This age group is most responsible for COVID-19 spread, study says - KXAN.comKXAN.com
A recent study suggests it may help to focus vaccinations on a different demographic to better prevent rapid virus transmission.
Bank of England Tells Banks to Negative Interest Rates - The New York TimesNew York Times
Policymakers said they had no plans to introduce negative rates to stimulate the economy, but they wanted to be prepared.
Scams, high demand shut down Allegheny County phone lines for vaccine appointments - TribLIVETribLIVE
A phone line meant to help seniors and those without internet access set up covid-19 vaccination appointments lasted less than four hours Thursday before appointments were full — but it was long enough for scammers to begin intercepting calls and asking for m…
Federal Aid for Closed Cultural Venues Will Be a Race for Cash - The New York TimesNew York Times
Tens of thousands of eligible music clubs, theaters, museums and other spaces may overwhelm a $15 billion grant fund run by the Small Business Administration.
Jim Cramer on allegations against Clover Health from short-seller Hindenburg - CNBC TelevisionYouTube
Medicare Advantage provider Clover Health, which was taken public via SPAC backed by Chamath Palihapitiya, fell on a report from Hindenburg Research that all...
Student donates GameStop stock earnings to MN children's hospital: Money should be used 'for good' - Fox NewsFox News
A mechanical engineering student at Cornell University, Hunter Kahn, is being hailed as the ‘real Robinhood’ after donating his Gamestop stock earnings in the form of video games to sick children at Children’s Minnesota Hospital.
Today's mortgage refinance rates move lower | February 4, 2021 - Fox BusinessFox Business
Check out the mortgage refinancing rates for February 4, 2021, which are down from yesterday.
McKinsey agrees to $573 million settlement over advice given Purdue and other opioid makers - STATSTAT
McKinsey contributed to the opioid crisis by selling marketing schemes and consulting services designed to boost sales.
Microsoft unveils new Employee Experience Platform — Microsoft Viva — to help people thrive at work - Stories - MicrosoftMicrosoft.com
Company reimagines fragmented $300 billion market to bring tools for employee communications, wellbeing, learning and knowledge discovery into the flow of work REDMOND, Wash. — Feb. 4, 2021 — Microsoft Corp. on Thursday announced Microsoft Viva, the first emp…
Only a Dweeb Would Go Out for Dinner This Valentine's Day - LifehackerLifehacker.com
We are 10 days away from Valentine’s Day, which is right around the time unimaginative straight men normally take to OpenTable in an attempt to secure a reservation at a “special” restaurant for a “special” evening. This year, we all have a built-in excuse fo…
American Airlines to furlough up to 13,000 employees, blames COVID travel restrictions and vaccine delays - ABC NewsABC News
How High Will Oil Prices Go This Year - OilPrice.comOilPrice.com
Oil prices are gradually nearing the $60 mark, and as COVID concerns ease, they could head even higher
Global Covid-19 vaccine confidence is rising, survey shows - CNNCNN
Global vaccine confidence is rising, accordig to a survey showing that 54% of respondents across 15 countries would get a Covid-19 vaccine if one was offered to them.
UK scientists find new data on efficacy of Oxford-AstraZeneca vaccine | WNT - ABC NewsYouTube
Oxford’s early data, not yet peer reviewed, revealed that the AstraZeneca vaccine can reduce the spread of COVID-19 by more than 50%, suggesting those vaccin...
Sean Penn slams non-profit staff for complaining online - Daily MailDaily Mail
Sean Penn lashed out at staff from his CORE non-profit over complaints that appeared on a New York Times article last week regarding the vaccine roll out at Dodger Stadium.