Business news 09 Mar, 2021
Johnson & Johnson COVID-19 Vaccine Arrives in San Diego - countynewscenter.comcountynewscenter.com
The arrival on the Johnson & Johnson COVID-19 vaccine will make it easier for San Diegans to be vaccinated against the virus.
Maui County orders immediate evacuation for Haiku residents after Kaupakalua Dam fails - Honolulu Star-AdvertiserHonolulu Star-Advertiser
UPDATE: 3:55 p.m.
Chick-fil-A robbery suspect captured by Colony Square visitors - Atlanta Journal ConstitutionAtlanta Journal Constitution
Burger King deletes International Women's Day tweet after getting grilled as its intent is misinterpreted - AdAge.comAdAge.com
‘Women belong in the kitchen’ line, without the full ad’s context, comes off as sexist.
How high can rates go? This chart shows this year's sharp climb in long-term Treasury rates - MarketWatchMarketWatch
10-year could top 2% this year, per one forecast
Historic tweet by Jack Dorsey hits $2.5M in digital auction - Fox BusinessFox Business
The tweet is being sold as a non-fungible token, or NTF. An NTF is a unique digital token which verifies authenticity and ownership by encrypting the creator's signature on the blockchain, a digital ledger used in cryptocurrencies such as bitcoin.
Dropbox Headquarters Sells for More Than $1 Billion, In SF's Second Largest Ever Real Estate Deal - SFistSFist
In an encouraging sign for the office real estate amidst the ‘everyone's working from home forever’ craze, the four-building Mission Bay complex known as the Exchange has sold for $1.08 billion.
Dow futures rise, extending Monday's 300-point rally - CNBCCNBC
On Monday, the Dow Jones Industrial Average rallied more than 300 points on investor optimism about the economic comeback from the pandemic.
Massachusetts educators booked 25,000 vaccination appointments at CVS in 3 days last week - WCVB BostonWCVB Boston
The pharmacy chain gets doses directly from a federal program.
Budget carrier Frontier Airlines files for an IPO again - CNBCCNBC
Frontier Airlines filed paperwork for an IPO again as the industry readies itself for a turnaround.
Elon Musk wants to connect RVs and trucks to the internet through SpaceX's Starlink satellites - CNBCCNBC
SpaceX's Starlink is working on an antenna that will connect vehicles like semi-trucks and RVs to its satellite internet network, CEO Elon Musk said
Southwest Airlines just announced 3 brand-new destinations in a continued low-cost leisure route expansion - Business InsiderBusiness Insider
Southwest has keenly adapted to new travel realities by aggressively expanding and planning service to 17 new cities since the pandemic began.
Ripple Deal with MoneyGram Officially Over: CEO Garlinghouse - DecryptDecrypt
Ripple still says the two ex-partners are "committed to revisiting" a relationship in the future.
Gas prices in Los Angeles: Average LA County gas price rises for 47th time in 48 days - KABC-TVKABC-TV
The average price of a gallon of self-serve regular gasoline in Los Angeles County rose Monday for the 27th consecutive day and 47th time in 48 days.
Oregon May Have Enough Vaccines for All Willing Adults by April 21 - Willamette WeekWillamette Week
By then, the state expects to have enough doses on hand for 70% of adult Oregonians to receive their first dose.
Stocks making the biggest moves after the bell: Zoom Video, Stitch Fix, Invitae & more - CNBCCNBC
These are the stocks posting the largest moves after the bell on Monday, March 8.
In Ancient Athens, Rich People Bragged About Their Heavy Tax : The Indicator from Planet Money - NPRNPR
In the modern U.S. people may avoid or begrudgingly pay taxes. But in ancient Athens, wealthy people considered it an honor.
COVID relief bill allows student debt forgiveness without tax hit - WGHP FOX 8 GreensboroWGHP FOX 8 Greensboro
Forgiven debt is normally considered taxable income.
Why Tesla Stock Fell Further on Monday - Motley FoolMotley Fool
The electric-car maker's stock has fallen more than 30% since mid-February.
State says 6,300 people were underdosed at Oakland Coliseum - SF GateSFGate
The Department of Public Health said people who were underdosed do not need to do...
Biden administration backs nation’s biggest wind farm off Martha’s Vineyard - The Washington PostThe Washington Post
The Biden administration took a crucial step Monday toward approving the nation’s biggest offshore wind energy project, which officials say signals the start to the massive clean power expansion in the fight against climate change.
Merck Stock Pops After Covid Drug Reduces Virus In Five-Day Test - Investor's Business DailyInvestor's Business Daily
Merck stock popped Monday after its Ridgeback Biotherapeutics-partnered Covid-19 treatment showed promise in an interim analysis of a Phase 2 test.
Cathie Wood sees bitcoin joining stocks and bonds as part of the classic balanced portfolio - CNBCCNBC
The Ark Investment Management CEO told CNBC's "Closing Bell" that bitcoin could eventually trade like fixed income.
Arizona police slap charges customers involved in Bath & Body Works brawl - Fox NewsFox News
The suspects have been identified as 25-year-old Briana Johnson and 45-year-old Johlyn O'Daniel, according to a report by Fox 10 Phoenix.
How is Johnson & Johnson's COVID-19 vaccine different from others? - Good Morning AmericaGoogle News
China-Backed Hackers Strike Microsoft. The Victims Number in the Thousands. - Barron'sBarron's
The tech company says the group, Hafnium, carries out its attacks in three steps.
Papa John's founder says he's been working to get the N-word out of his vocabulary for the 'last 20 months' - Yahoo NewsYahoo Entertainment
The former CEO of Papa John's is assuring the public he's been working on not using racist language, an effort that has apparently been ongoing for nearly...
The Best Bagels Are in California (Sorry, New York) - The New York TimesNew York Times
West Coast bakers are driving a great bagel boom, producing some of the most delicious versions around and finding ways to expand during the pandemic.
It's official: Nasdaq in a correction, with 10% fall from Feb record close - ReutersReuters
The Nasdaq's retreat from its all-time highs last month is now officially considered a correction in a bull market.
Wish Reports Fourth Quarter and Fiscal Year 2020 Financial Results - Yahoo FinanceYahoo Entertainment
ContextLogic Inc. (d/b/a "Wish"), one of the world’s largest and fastest growing mobile ecommerce platforms, today reported financial results for its fourth ...
Exclusive: Wells Fargo is joining the green wave sweeping finance - CNNCNN
Wells Fargo is the latest big bank to embrace ambitious lending goals to fight the climate crisis.
Biden Cancels Visit to Emergent Facility After Times Report on Its Tactics - The New York TimesNew York Times
The White House scrapped a trip to a vaccine plant in Baltimore run by Emergent BioSolutions after a New York Times investigation into the company.
Tesla is building a 100MW energy storage project in Texas | Engadget - EngadgetEngadget
In Angleton, a town of nearly 20,000 located 40 miles south of Houston, Tesla subsidiary Gambit Energy Storage is installing the company’s modular Megapacks.
Waymo simulated real-world crashes to prove its self-driving cars can prevent deaths - The VergeThe Verge
Waymo simulated dozens of fatal car crashes that took place in Arizona over the last decade to see whether its autonomous vehicles would save lives. It concluded that its cars would have prevented or mitigated the vast majority of the crashes.
Will rising mortgage rates derail the red-hot housing market? - Yahoo FinanceYahoo Entertainment
Yahoo Finance Live checks in with several housing market insiders to see if rising mortgage rates are beginning to derail housing's momentum.
Billionaire MacKenzie Scott Marries Seattle Teacher, Ex-Husband Jeff Bezos Calls Him 'Great Guy' - Yahoo EntertainmentComplex
The author, philanthropist, and ex-wife of Jeff Bezos, has married a Seattle science teacher, who announced the marriage this weekend in a letter.
Greensill Capital Tumbles Into Insolvency, Spreading Financial Pain - The Wall Street JournalThe Wall Street Journal
SoftBank-backed corporate lending startup was once valued at $4 billion and now leaves a trail of losses for investors and bank depositors
Amazon spends $131 million to take minority stake in air cargo contractor ATSG - CNBCCNBC
Amazon owns warrants in air freight partners ATSG and Atlas Air.
Sam's Club selling a 'Peloton alternative' priced at about $800 - MarketWatchMarketWatch
Sam's Club said Monday that it is now selling the Echelon Fitness Sport-s Connected Bike, an alternative to the bike created by Peloton Interactive Inc....
GE Might Make a Big Deal With AerCap. Here's What It Would Do. - Barron'sBarron's
General Electric is considering a blockbuster transaction to dramatically shrink the size of its lending unit, GE Capital, while most likely giving the company a new way to raise cash.
Why Workhorse Group Stock Jumped 30% Today - Motley FoolMotley Fool
The company may have gotten more help over the weekend in its fight for a USPS truck contract.
The future of gaming: key trends transforming the industry - Yahoo FinanceYahoo Entertainment
Laura Miele, Electronic Arts Chief Studios Officer joins Yahoo Finance Live to discuss how women are transforming the video game industry and the surge in...
Dish is buying Republic Wireless and its 200000 subscribers | Engadget - EngadgetEngadget
Dish plans to buy another mobile virtual network operator. This time it's Republic Wireless.
Missing in action? Yellen’s Treasury staffers complains she nearly ghosted COVID-19 bill talks - Fox BusinessFox Business
Staffers say Janet Yellen has kept an unusually low profile at the White House and on Capitol Hill even as the administration pushed for its $1.9 trillion COVID-19 relief bill, FOX Business has learned.
"LIRR Screwed Us": Long Island Commuters On Crowded Trains Seethe At MTA's New Service Cuts - GothamistGothamist
As the MTA began implementing pandemic-driven service cuts to the LIRR on Monday, Long Island commuters from across the system reported similar woes.
Earnings Preview: FuelCell Energy (FCEL) Q1 Earnings Expected to Decline - Yahoo FinanceYahoo Entertainment
FuelCell Energy (FCEL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with ...
Texas Will Not Reverse $16 Billion Power Overcharges During Freeze - OilPrice.comOilPrice.com
The Public Utility Commission of Texas has rejected a proposal to retroactively reverse the market pricing for electricity that resulted in ERCOT overcharging the Texas electricity market by US$16 billion during the Texas Freeze in February
3 Tampa bars and clubs have alcohol sales suspended after violating mask order - WFLAWFLA
Three Tampa bars and clubs had their liquor licenses suspended on Monday after violating the city’s mask mandate.
Reddit Stocks: Why r/WSB Faves GME, AMC and BB Are Gaining Today - InvestorPlaceInvestorplace.com
Stocks favored by traders on Reddit WallStreetBets are trading higher today as retail investors push them up on positive news.
Dinnae fash, because Scotch whisky is about to get cheaper - The TakeoutThe Takeout
The U.S. declared a temporary tariff suspension on the import.
COVID-19-closed restaurants are reopening. Running them is still a battle. - Fox BusinessThe Wall Street Journal
A year into the pandemic, restaurants’ wish is coming true: State and local governments are allowing them to seat and serve customers indoors again. But that comes with its own challenges.
FDA Authorizes New Category of Covid-19 Test From Adaptive Biotechnologies - Barron'sBarron's
The new test looks for a T-cell response that would show that a person had once been infected with the virus that causes Covid-19.
Apollo’s Rowan Makes Imprint Felt With $11 Billion Athene Deal - Yahoo FinanceYahoo Entertainment
(Bloomberg) -- It only took a few weeks for Marc Rowan to put his stamp on Apollo Global Management Inc.Rowan, the private equity firm’s co-founder and...
Americans paid off a record $83 billion in credit card debt in 2020 - CNBCCNBC
Because of the coronavirus crisis, consumers are paying down debt and saving more than they have in decades.
McAfee sells enterprise biz to Symphony Technology Group for $4B - TechCrunchTechCrunch
Security firm McAfee announced this morning that it will be selling its enterprise business to a consortium led by the private equity firm Symphony Technology Group for $4 billion. It should pair well with RSA, another enterprise-focused security company the …
Elon Musk's fortune reportedly loses $27B as Tesla stock plunges - New York PostNew York Post
Tesla chief Elon Musk’s fortune reportedly shrank by $27 billion last week as the electric-car maker’s staggering stock rally was thrown into reverse.
PayPal to acquire cryptocurrency security startup Curv - TechCrunchTechCrunch
PayPal has announced that it plans to acquire Curv, a cryptocurrency startup based in Tel Aviv, Israel. Israeli newspaper Calcalist originally reported the move. And PayPal has now made an official announcement. Curv is a cryptocurrency security company that …
Billionaire bitcoin advocate Jack Dorsey is auctioning the very first tweet in history as an NFT - and th.. - Markets InsiderBusiness Insider
The highest bid for the piece of Twitter history is from Sina Estavi, CEO of the Bridge Oracle platform, according to the Valuable's website
Diocese of Rockville Centre urges people of faith against getting Johnson & Johnson vaccine - News 12 BronxNews12.com
They say cell lines derived from fetuses aborted decades ago were used to develop the shot.
Global X Has Turned Its Thematic And Alternative-Income Funds Into Some Of The Best ETFs - Investor's Business DailyInvestor's Business Daily
Global X has churned out some of the best ETFs by turning its thematic and alternative-income funds into a global fund powerhouse.
Bill Gates-backed Evolv to go public via blank-check merger in $1.7 billion deal - ReutersReuters
Bill Gates-backed crowd safety technology provider Evolv Technology will go public through a merger with a blank-check company in a deal that values the equity of the combined company at around $1.7 billion, the companies said on Monday.
Deliveroo promises some riders $14,000 when it IPOs. Most will get far less - CNNCNN
Amazon-backed food delivery startup Deliveroo has announced plans to give some of its busiest riders £10,000 bonuses ($13,850) when it goes public in a huge London IPO.
Virgin Galactic launched a wave of space SPACs - QuartzQuartz India
Rocket Lab, Momentus, BlackSky, and other space firms are diving into public makets.
UPDATE: All appointments filled at Walmart vaccine clinic in Luzerne County - WNEP Scranton/Wilkes-Barrewnep.com
A vaccination site in Luzerne County is set to open Tuesday at Hanover Area Junior-Senior High School. By Monday morning, all appointments were filled.
Preparing for Retaliation Against Russia, U.S. Confronts Hacking by China - The New York TimesNew York Times
The proliferation of cyberattacks by rivals is presenting a challenge to the Biden administration as it seeks to deter intrusions on government and corporate systems.
Let Business Give the Jab in Latin America - The Wall Street JournalThe Wall Street Journal
Prohibiting the sale of vaccines will prolong the pandemic and harm the poor.
Texas Restaurant Threatened With ICE Calls For Not Ending Mask Policy, Owner Says - CBS Dallas / Fort WorthCbslocal.com
"Saying you shouldn't be going against the governor, they are going to send immigration and check green cards. What does that have to do with anything?" Texas restaurant owner Arnaldo Richards said.