Business news 09 Feb, 2021
Tesla's China sales more than doubled in 2020 - CNBCCNBC
The electric car company has been ramping up production at its factory in Shanghai and selling China-made vehicles to the local market.
40 hospitals across Washington state may have received counterfeit N95 masks, officials say - CNNCNN
Hospitals across Washington state thought they were receiving authentic N95 masks, but it turns out that hundreds of thousands may be counterfeit, according to officials.
Robinhood sued for wrongful death by family of 20-year-old who died by suicide - The VergeThe Verge
The company’s software made him think he was financially ruined
Reddit raises $250M in new funding round - Seeking AlphaSeeking Alpha
Reddit doubled its valuation to $6B with a new $250M funding round led by venture-capital firm Vy Capital.The social media site was valued at $3B after a funding round in February of...
Bitcoin Tops $47,000 for First Time After Tesla Purchase - Yahoo FinanceYahoo Entertainment
(Bloomberg) -- Bitcoin hit a fresh record above $47,000 on Tuesday after Tesla Inc.’s announcement of a $1.5 billion investment in the largest...
Reddit’s Valuation Doubles to $6 Billion After Funding Round - The Wall Street JournalThe Wall Street Journal
Its WallStreetBets community played a prominent role in recent stock-trading frenzy
Fauci's approach to the two-dose vaccine is the right one, says former CDC acting director Richard Besser - CNBCCNBC
Richard Besser, who served as the acting director of the CDC under President Obama, agrees with Dr. Fauci on prioritizing two-dose vaccines.
Registration for COVID-19 vaccine at CVS Health locations in Virginia pushed back - WWBT NBC12 NewsWWBT NBC12 News
CVS Health will soon administer COVID-19 vaccines to eligible people at 36 locations across the state.
Tesla bought Bitcoin. Will Apple be next? - FortuneFortune
There’s a strong case for Apple to follow Tesla's lead and put Bitcoin on the balance sheet, analysts say.
Does Amazon’s Next CEO Care About Hollywood? - Hollywood ReporterHollywood Reporter
Incoming CEO Andy Jassy isn’t likely to make big studio moves — but has built ties with Hollywood while running the tech giant’s web services division.
Gas prices hit pre-pandemic levels - Yahoo MoneyYahoo Entertainment
The average price for regular unleaded gasoline was $2.456 a gallon as of Monday, according to GasBuddy, compared with the average price of $2.438 a year...
Dow Jones Futures: Stock Market Rally Hits Record Highs; Nvidia Hits New Buy Point, As Bitcoin Surges On Tesla News - Investor's Business DailyInvestor's Business Daily
Dow Jones futures were lower late Monday, but is the stock market rally overheating?. Bitcoin surged 18% on Tesla's Bitcoin news.
Bitcoin Is the Scarcest Asset, MicroStrategy CEO Saylor Says - Yahoo FinanceYahoo Entertainment
(Bloomberg) -- Elon Musk made waves with Tesla Inc.’s announcement that it bought $1.5 billion of Bitcoin, but he is far from the first chief executive to...
Electronic Arts Buys Glu Mobile, Maker of ‘Kim Kardashian: Hollywood’ - The Wall Street JournalThe Wall Street Journal
The videogame giant looks to expand its presence in mobile gaming, where it has had mixed success, in $2.4 billion deal
CEO of America's biggest mall owner says some retailers are excited for growth opportunities in 2021 - CNBCCNBC
Simon Property Group, the biggest U.S. mall owner, is expecting this year to be better than last, as some retailers start to think about opening new stores.
What investors can expect from Twitter, Uber and Disney earnings - Yahoo FinanceYahoo Entertainment
Yahoo Finance's Emily McCormick joined Yahoo Finance Live to break down what investors can expect from Twitter, Uber, Lyft, Disney and others' earnings...
National Pizza Day 2021: Get deals Tuesday and earn free pizza with Domino's, Pizza Hut rewards programs - USA TODAYUSA Today
National Pizza Day is Tuesday and businesses across the nation are celebrating with discounted pizza. Plus, earn free pizza through rewards programs.
The Clash of Liberal Wonks That Could Shape the Economy, Explained - The New York TimesNew York Times
They all agree pandemic aid is warranted, but the question is how big and how quickly.
The Best Last-Minute Valentine's Day Gifts To Give In 2021 - BuzzFeedBuzzfeed
Fear not, they'll never know you waited for the last possible moment to snag a gift for them.
Apple positioned to offer cryptocurrencies -RBC report - ReutersReuters
Apple Inc has a "clear opportunity" to offer a buying and selling mechanism for cryptocurrencies, a move that would allow the company to immediately gain market share, according to a research report on Monday from RBC Capital Markets.
Here's Why a Deal With IBM Has Palantir Stock Surging - Motley FoolMotley Fool
The data-analytics software company continues to rack up big partnerships.
With AstraZeneca rollout suspended, South Africa scrambles for a vaccine plan — a ‘preview’ of new fight against variants - The Washington PostThe Washington Post
A limited study indicated the Oxford-AstraZeneca vaccine was minimally protective against a new variant widespread in southern Africa.
Justice Department drops challenge to California net neutrality rules - The VergeThe Verge
The FCC voted to repeal the Obama-era internet regulations banning internet service providers, like AT&T and Verizon, from throttling or blocking traffic and implementing paid fast lanes. Shortly after, California passed its own law instituting net neutrality…
Moderna Inc. stock outperforms competitors on strong trading day - MarketWatchMarketWatch
Shares of Moderna Inc. advanced 5.53% to $185.98 Monday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ...
Anti-vax content and vaccine misinformation is now banned on Facebook - Vox.comVox
Nearly a year into the pandemic, Facebook now aims to take down misinformation on vaccines overall — not just Covid-19 vaccines.
Reddit bought a 5-second Super Bowl ad honoring 'underdogs' involved in GameStop trading frenzy - Fox BusinessFox Business
Reddit Chief Marketing Officer Roxy Young told FOX Business in a statement that the Super Bowl ad came together in "just a few short days" with the help of its agency partners at R/GA.
Monster, Amazon, and Apple are the best performing stocks since 97 - QuartzQuartz India
Amazon's performance in the stock market leaves Jeff Bezos a distant second
Tesla Receives Significant Warning From Chinese Regulator - BenzingaBenzinga
On Monday, China’s top regulatory body, The State Administration for Market Regulation, warned Tesla Inc. (NASDAQ: TSLA) that it must ...
Nvidia, Semiconductor Stocks Climb on Dialog Deal, Chip Shortage - TheStreetTheStreet
Nvidia and other semiconductor companies rise on a chip shortage and a major acquisition.
Why Hasn't My Alaska Cruise Been Cancelled? - Cruise CriticCruisecritic.com
After Canada says no to cruises until 2022, many cruisers wonder why their 2021 Alaska sailings have yet to be cancelled. Cruise Critic explains.
DoorDash Adds Startup Chowbotics for Meal Preparation - The Wall Street JournalThe Wall Street Journal
Food-delivery company is exploring how automation could help restaurants expand menu and market
Baltimore mayor seeks to directly buy COVID-19 vaccines from J&J - WBAL TV BaltimoreWBAL TV Baltimore
Baltimore Mayor Brandon Scott is requesting to directly buy 300,000 doses of the Johnson & Johnson COVID-19 vaccine that's being manufactured in the city.
How to lower your mortgage payments during COVID-19 - Fox BusinessFox Business
The pandemic has fueled major unrest in the U.S. mortgage market, as homeowners scramble to remain on top of their mortgage payments.
Both Covid vaccine doses critical to stay ahead of variants, Fauci says - NBC NewsNBC News
Do I need the second dose of Covid-19 vaccine? Why should I have both doses of the vaccine? Is one dose of Covid-19 vaccine enough? Fauci says it is important to get both shots.
Historic Amazon union vote begins at Alabama warehouse - The VergeThe Verge
An Amazon warehouse in Bessemer, Alabama, is poised to become the first in the US to unionize. Employees at the facility, called BHM1, will have until March 29th to vote on whether to join the RWDSU.
American Airlines unveils major Miami expansion, another new route to Tel Aviv - The Points GuyThe Points Guy
American Airlines is doubling down on Miami with its latest pandemic-era network adjustment. The Fort Worth-based carrier will launch a brand-new long-haul flight, add two pins to its route map and increase capacity across Latin American and the Caribbean. “T…
GM showed off its future electric vehicles in star-studded Super Bowl ads - Business Insider - Business InsiderBusiness Insider
GM tapped Will Ferrell, Kenan Thompson, and Awkwafina to rally viewers around the products of its $27 billion EV investment — and against Norway.
A Look At 6 ETFs That Cover The Electric Vehicles Trend - Seeking AlphaSeeking Alpha
Global electric car market share is now accelerating and should go exponential from 2022. Electric car sales forecasts.
Delta extends middle seat policy - Fox BusinessFox Business
The airline has been offering more space through seat blocking while also reducing the number of people on board each flight since April 2020, the airline said in a statement.
Sports gambling sites crash during football's biggest game - CNBCCNBC
It was supposed to be one of the biggest nights of the year for gambling sites. Instead, they couldn't handle the traffic.
Gold, silver rally on bargain buying, friendly outside markets - Kitco NEWSKitco NEWS
Senior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developments
Rhode Island reports 24 additional COVID-19 deaths 1,213 new cases since the last report - WJARTurn to 10
Health officials in Rhode Island reported on Monday 24 additional COVID-19 deaths and 1,213 new cases since the last report. Of the 1,213 new cases, 1,033 were reported on Friday (448), Saturday (372), and Sunday (211). The other 182 were added to previous da…
SoftBank kills half the performance incentive for its Vision Fund execs - TechCrunchTechCrunch
SoftBank reported earnings today, including the performance of its $98.6 billion Vision Fund. The numbers were enticing, given the recent exit of DoorDash, which returned billions to SoftBank and represents one of its first truly blockbuster investments out o…
Hyundai and Kia Won't Build Apple's Self-Driving Car After All - Motley FoolMotley Fool
The automakers said that talks with Apple have ended.
Indoor Dining Can Begin in New York City This Friday - Grub StreetGrub Street
Still at 25 percent capacity, but two days earlier than expected.
One-third of small businesses say they won't survive without more COVID aid - Fox BusinessFox Business
Without a fresh round of COVID-19 aid from the federal government, about a third of the nation's pandemic-stricken small businesses are warning they won't be able to survive.
Iranian Cleric Cites ‘Islamic Medicine’ – Warns Coronavirus Vaccine Makes You Gay - BreitbartBreitbart News
An Iranian cleric on Tuesday warned against approaching people who have been vaccinated for COVID-19, claiming the vaccine...
Elon Musk Funds $100 Million XPrize For Pursuit Of New Carbon Removal Ideas - NPRNPR
The goal, XPrize says, is to tackle "the biggest threat facing humanity — fighting climate change and rebalancing Earth's carbon cycle. "
Yields Are Expected to Keep Rising. When Will They Hurt the Stock Market? - Barron'sBarron's
Strategists’ forecasts say 10-year Treasury yields may need to rise only to 1.75%, or as high as 5%, to make them more attractive than riskier alternatives.
Amazon Unveils its Largest-Ever Renewable Energy Project - Motley FoolMotley Fool
With this wind power deal, it could reach 100% renewable energy by 2025.
Just six feet wide, 'London's skinniest house' is for sale for $1.3 million - CNNCNN
A house billed as "possibly the skinniest house in London" is up for sale for £950,000 ($1.3 million).
"Hero pay" dispute in California leaves some grocery workers feeling "scared" - CBS NewsCBS News
Long Beach city council ordinance mandates temporary wage hike for essential workers; Now, Kroger says they are forced to close two stores.
Fred Meyer, QFC will pay workers $100 to be vaccinated - OregonLiveOregonLive
Few Oregon grocery workers have access to the vaccine.
Buzzy new social media app Clubhouse appears to have been blocked in China - CNBCCNBC
The audio-only social media app Clubhouse appears to have been blocked in China.
Vaccinated People Are Less Likely to Get Covid AND Less Likely to Transmit It Too: New Study - MediaiteMediaite
Good news: a new study suggests that the Covid vaccines not only help prevent you from getting sick, but also from transmitting the virus to others.
Brent oil hits $60 for first time in a year (NYSEARCA:XLE) - Seeking AlphaSeeking Alpha
The S&P energy sector (XLE +3.1%) sprints to the top of today's standings as Brent crude oil (CO1:COM) tops $60/bbl for the first time in more than a year, helped by supply cuts...
Tops Friendly Markets, Price Chopper/Market32 to merge - CNYcentral.comCNYcentral.com
(WHAM) - In a significant business deal affecting grocery stores across upstate New York, Price Chopper/Market 32 and Tops Markets announced they will be merging. The agreement announced Monday will nearly double the number of stores the grocery chains will o…
Bitcoin hype seems contained - ARK Invest - Seeking AlphaSeeking Alpha
ARK Investment management says the hype surrounding the latest run for Bitcoin looks contained compared to Ethereum based on search interest.
Here Are the Healthiest, Least Healthy Cities in America - NewserNewser
Is there something in the water out West?
Former FDA chief Dr. Scott Gottlieb on making Covid vaccines widely available - CNBC TelevisionGoogle News
LIST: Central Texas providers receiving COVID-19 vaccines in Week 9 - KXAN.comKXAN.com
Austin Public Health is expected to get its weekly 12,000 doses of the Moderna vaccine, and Dell Medical School is expected to receive an allotment of both Pfizer and Moderna doses, 1,950 and 1,000, respectively.
An unleashed Jeff Bezos looks to shift space venture Blue Origin into hyperdrive - NBC NewsNBC News
Freed from his daily obligations at Amazon, Jeff Bezos is expected to turn up the heat on his space venture, Blue Origin.
Target's activewear brand hits $1 billion in sales, as retailer gains ground in apparel - CNBCCNBC
The retail chain has used exclusive brands like All in Motion to differentiate itself from competitors and woo new customers.
GameStop shares slump as Reddit rally ebbs - ReutersReuters
Shares of videogame retailer GameStop Corp slumped on Monday, losing ground along with a slew of other social media-hyped stocks that took investors on a wild ride earlier this month.
Futures hit record high on stimulus hopes, speedy vaccine rollout - ReutersReuters
Wall Street reached all-time closing highs on Monday as investor optimism was stoked by prospects of a speedier economic recovery from the global health crisis, driven by increased stimulus and an accelerated vaccine rollout.
Forget GameStop and AMC, These 2 Growth Stocks Will Deliver Superior Returns - The Motley FoolMotley Fool
The price action in GameStop and AMC stock is exciting, no doubt. However, these two growth stocks will outperform them in the long run.
Markets higher hours before opening bell as investors feeling more confident - Fox BusinessFox Business
U.S. equity futures are trading higher ahead of Monday's opening bell on Wall Street.