Business news 10 Feb, 2021
Reddit User Who Leaked Tesla's Bitcoin Investment News Was Just High - Yahoo FinanceYahoo Entertainment
A Reddit poster who claimed to be in the know of Tesla Inc’s (NASDAQ: TSLA) investment in Bitcoin (BTC) has confirmed that the information he made public on ...
SocGen posts profit beat in fourth quarter despite dip in trading revenue - CNBCCNBC
Societe Generale reported Wednesday a net profit of 470 million euros for the fourth quarter of 2020.
Aunt Jemima Has a New Name After 131 Years: The Pearl Milling Company - The New York TimesNew York Times
Quaker Oats announced it would drop the name Aunt Jemima last summer after the killing of George Floyd and the widespread protests over racial inequality.
People may need several annual COVID-19 vaccine shots: Johnson & Johnson CEO - New York PostNew York Post
The CEO of Johnson & Johnson said Tuesday that people may need to be vaccinated against COVID-19 annually for the next several years — similar to seasonal flu shots. “Unfortunately, as (t…
Nasdaq, New York Stock Exchange sue SEC over planned overhaul of public data feeds - ReutersReuters
Nasdaq Inc and the New York Stock Exchange have each sued the Securities and Exchange Commission, seeking to block a plan by the regulator to overhaul public data feeds that broadcast stock prices to investors, court filings show.
F.D.A. Authorizes Another Antibody Treatment - The New York TimesNew York Times
Researchers hope Eli Lilly’s new combination therapy may be better able to fight virus variants than a similar treatment already in use.
Elon Musk's SpaceX Now Taking Pre-Orders for Starlink Satellite Internet Service - Motley FoolMotley Fool
Interested parties have to fork over $99 to put in an order.
Tesla rival Rivian aims for IPO this year: Bloomberg News - ReutersReuters
Electric-vehicle startup Rivian, which is backed by Amazon.com Inc and Ford Motor Co, is looking to go public as soon as September at a valuation of about $50 billion or more, Bloomberg News reported on Tuesday.
Colin Kaepernick forms SPAC, with eye on social justice - MarketWatchMarketWatch
Ex-quarterback is the latest to join the SPAC boom
Dating juggernaut Match buys Seoul-based Hyperconnect for $1.73B, its biggest acquisition ever - TechCrunchTechCrunch
In a large win for the Korean startup ecosystem, dating powerhouse Match Group announced this afternoon that it would buy social networking company Hyperconnect for a combined cash and stock deal valued at $1.73 billion. Hyperconnect, which is projected to ha…
SEC flexes muscle as Reddit trading frenzy continues - Fox BusinessFox Business
As GameStop and other heavily shorted stocks remain in play, financial regulators are under pressure to address whether any wrong doing is taking place.
SoftBank to Make $900 Million Investment in Pacific Biosciences - The Wall Street JournalThe Wall Street Journal
PacBio investment will be made through asset-management arm SB Northstar
Audi E-Tron GT vs. Lucid Air, Tesla Model S and Porsche Taycan: Performance EVs compared - CNETCNET
Audi's new E-Tron GT joins the performance EV party, so let's see how it stacks up against its key rivals on paper.
Cisco CEO says employees are tired of having to work from home and want to come back to the office - CNBCCNBC
One Cisco employee recently told CEO Chuck Robbins that they don't mind if they are allowed to work at home, but they don't want to be forced to work from home.
Why Shopify Stock Rose to a New All-Time High Today - Motley FoolMotley Fool
Investors are excited about the e-commerce leader's expanded partnership with a social media titan.
Robinhood sued after Naperville man dies by suicide believing he had lost more than $700K on app stock trades - WLS-TVWLS-TV
The stock market app Robinhood is being sued by the family of a Naperville college student who took his own life after believing he had lost more than $700,000 trading options.
Chamber of Commerce taps Clark to replace Donohue as CEO in March. - POLITICOPolitico
Tom Donohue's departure was originally scheduled for 2022.
Pfizer vaccine effective against UK, South African COVID variants, UTMB study says - Houston ChronicleHouston Chronicle
The news comes one day after Houston Methodist Hospital reported the Houston area’s...
Twitter’s Jack Dorsey imagines an app store for social media algorithms - The VergeThe Verge
Twitter CEO Jack Dorsey imagines “an app store like view of ranking algorithms that give people ultimate flexibility” over social media.
What you need to know about face masks as protection against coronavirus - CNNCNN
Let's face it: Even as more people get vaccinated against Covid-19, everyone but small children will still need to wear a face mask for the foreseeable future.
Is the stock market due for a correction in 2021? Here's what some experts think - MarketWatchMarketWatch
A pullback for the Dow Jones Industrial Average and the S&P 500 index on Tuesday halted the longest win streak for stocks in months but a major concern for...
Amazon worker fight: 'You're a cog in the machine' - BBC NewsBBC News
Activists are trying to unionise Amazon workers in Bessemer, Alabama, which would be a first for the US - if they succeed.
Lyft Curbs Losses During Pandemic With Aggressive Cost Cuts - The Wall Street JournalThe Wall Street Journal
Ride-hailing company’s president says $360 million in cost savings last year bodes well for the future
First 3D Bio-Printed Steak Created in Israel, Looks Tasty-ish? - TMZTMZ
The only question now -- do you want your bio-printed steak medium or rare?
Hyundai's TIGER 'ultimate mobility vehicle' concept is the size of a housecat | Engadget - EngadgetEngadget
Hyundai has revealed the first concepts of its new TIGER program, the X-1 -- just don’t expect it to come to the rescue of anything bigger than a kitten.
Salesforce declares the 9-to-5 workday dead, will let employees work remotely from now on - The VergeThe Verge
Cloud computing company Salesforce is joining other Silicon Valley tech giants in announcing a substantial shift in how it allows its employees to work. It will let any employee work from home remotely indefinitely and also give employees more freedom over wh…
Engineer Pleads Guilty to More Than $10 Million of COVID-Relief Fraud - Department of JusticeJustice.gov
A Texas engineer pleaded guilty today for filing fraudulent bank loan applications seeking more than $10 million dollars in forgivable loans guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES)…
For One Week, Clubhouse Let Chinese Internet Users Past the Great Firewall - SlateSlate Magazine
The week of Clubhouse gave us a brief glimpse of what an internet with unfiltered Chinese voices might look like.
Some Walmart, Sam’s Club pharmacies to begin administering COVID-19 vaccine in Texas - KPRC Click2HoustonKPRC Click2Houston
Pharmacies at select Walmart and Sam’s Club stores in Texas will begin administering the coronavirus vaccine soon.
Here are the stores offering COVID-19 vaccines in Tampa Bay - Tampa Bay TimesTampa Bay Times
Check to see if a location near you is offering vaccinations.
JetBlue Airways Corp. stock outperforms competitors despite losses on the day - MarketWatchMarketWatch
Shares of JetBlue Airways Corp. dropped 0.91% to $16.31 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the...
Qualcomm's upcoming modems will bring 5G out of the early adopter phase - Android PoliceAndroid Police
Qualcomm has just announced two new 5G modems that promise ridiculous speeds and support for emerging frequencies. The new X65 and X62 modems won't be
Hawaii reports 37 new COVID cases, pushing statewide total to 26,531 - Hawaii News NowHawaii News Now
In the last 14 days, there have been 1,127 cases in Hawaii.
Canopy Growth CEO on Q3 earnings and the company's path to profitability - Yahoo FinanceYahoo Entertainment
David Klein, CEO of Canopy Growth, joined Yahoo Finance Live to discuss third-quarter earnings and the company's path to profitability.
Remdesivir maker Gilead Sciences to open hub in Triangle - WRAL Tech WireWRAL Tech Wire
A new jobs expansion project is bringing 275 jobs paying an average wage of $142,175 to Wake County. It's the latest in a series of life science industry-related jobs coming to the Triangle area.
LIST: Walmart to offer COVID-19 vaccinations at these East Tennessee locations beginning Feb. 12 - WATE 6 On Your SideWATE 6 On Your Side
KNOXVILLE, Tenn. (WATE) — East Tennesseans seeking a COVID-19 vaccination will soon be able to get one at a Walmart or Sam’s Club location near them. A press release on Walmart’s website says the retailer will begin offering vaccinations on Feb. 12. Seven Kno…
This is why stock investors shouldn't fear rising interest rates - CNBCCNBC
Increasing interest rates can set off alarms in the stock market, but strategists say be prepared, not afraid.
Union leader fears job losses in Syracuse-area from Tops/Price Chopper merger - CNYcentral.comCNYcentral.com
Two of Upstate New York’s largest grocery store chains, Tops Friendly Markets and Price Chopper/Market32, announced plans to merge on Monday. Leaders from both companies say the deal will create a powerful alliance without the loss of jobs or store clos…
Boeing lied about 737 MAX after deadly crashes, shareholders say - Aljazeera.comAl Jazeera English
Shareholders claim that Boeing’s board and CEO took part in a misleading PR campaign following the two deadly crashes.
After EA's Bid for Glu Mobile, Could Videogame Maker Zynga Be the Next Target? - Barron'sBarron's
Zynga would be a worthy acquisition target, thanks to its focus on mobile videogames. Here's how three potential acquirers—Take Two, Activision, and Ubisoft stack up.
Huge Netflix Option Trader Targets June Calls - BenzingaBenzinga
Netflix, Inc (NASDAQ: NFLX) shares are up 52.6% in the past year, and some massive option trades on Tuesday suggest the stock is on the radar of at least ...
Democrat elected chair of Postal Service Board of Governors | TheHill - The HillThe Hill
A former senior official in the Obama administration has been elected chairman of the U.S. P...
GM extends shutdown at three plants due to chip shortage - CNNCNN
The computer chip shortage is taking a bigger bite out of General Motors' production plans than the company originally expected.
Apple’s self-driving car strategy may be stuck in neutral - VentureBeatVentureBeat
If true, the latest news paints a clearer picture about Apple’s self-driving plans -- and leaves many more questions unanswered.
USDA's ending stocks not as tight, corn market ends lower, soybeans higher - Successful FarmingSuccessful Farming
South America’s soybean output unchanged.
About 60% of nursing home staff declined Covid vaccines, Walgreens exec says - CNBCCNBC
The declined vaccines indicate another challenge that the country will face: Persuading the majority of Americans to get the lifesaving vaccine.
Giving 1st and 2nd doses at once complicates vaccine effort - The Associated PressAssociated Press
The U.S. has entered a tricky phase of the COVID-19 vaccination effort as providers try to ramp up the number of people getting first shots while also ensuring a growing number of others get...
The Healthiest Frozen Pizzas, According to Dietitians | Eat This Not That - Eat This, Not ThatEatthis.com
We asked six registered dietitans what their favorite frozen pizzas are and they shared 10 of the healthiest options found in freezer sections everywhere.
Portland Can Reopen for Limited Indoor Dining February 12 - Eater PortlandEater
Multnomah, Clackamas, and Washington county diners will soon be able to eat inside restaurants and bars
Why Oil Is Likely Headed Much Higher From Here - Seeking AlphaSeeking Alpha
Why oil prices are likely headed higher, and some quick stock picks in the sector that could piggyback the potential rally.
Gov. DeSantis delivers update from Walmart in Jacksonville - WESH 2 OrlandoWESH Orlando
Gov. Ron DeSantis spoke to the public at 12 p.m. on Tuesday at a Walmart located in Jacksonville, Florida.
What Is Amazon Web Services? - The New York TimesNew York Times
Andy Jassy, the successor to Jeff Bezos, was already running the company’s most profitable business.
Call for domestic flight COVID-19 tests is a 'horrible idea,' Delta CEO says - New York PostNew York Post
The CEO of Delta Air Lines blasted the Biden administration on Tuesday for considering a proposal to require a negative coronavirus test for all domestic travelers, calling it a “horrible ide…
Coca-Cola launches new bottles made out of 100% recycled materials, aims to reduce plastic use by 20% - USA TODAYUSA Today
Coca-Cola is launching bottles made out of 100% recycled material in efforts to reduce their use of new plastic. Here's where you can find them.
Musk's promised $25000 Tesla EV will be sold globally, China exec confirms - CNETCNET
It won't only be for China, or even Europe, according to Tesla China President Tom Zhu.
Allegiant adding 4 new nonstop flights at Nashville International Airport - NewsChannel5.comNewsChannel5.com
The airline said it's offering nonstop flights to Albany, New York, McAllen, Texas, Portsmouth, New Hampshire and Boise, Idaho.
Bezos and Bloomberg among top 50 US charity donors for 2020 - Associated PressAssociated Press
As the world grappled with COVID-19, a recession and a racial reckoning, the ultrawealthy gave to a broader set of causes than ever before — bestowing multimillion-dollar gifts on food pantries,...
Job openings increased toward the end of 2020, but a big employment gap remains - CNBCCNBC
Total openings increased to 6.65 million in December, better than the 6.6 million estimate from FactSet.
Austin-Travis County's COVID-19 risk level downgraded to Stage 4, APH receives shipment of second doses - KXAN.comKXAN.com
KXAN’s Alyssa Goard reports that Dr. Mark Escott, Austin Public Health’s interim health authority, said the move down from Stage 5 is effective Tuesday.
Nissan lowers sales forecast as CEO acknowledges disruption caused by chip shortage - CNBCCNBC
A range of factors have squeezed the global supply of semiconductors.
Fox Corp. CEO Lachlan Murdoch Says Fox News Won’t Adjust “Center-Right” Orientation Despite Post-Election Bumps - DeadlineDeadline
Fox Corp. CEO Lachlan Murdoch said Fox News is not about to adjust its political orientation despite a bumpy period during and after the 2020 presidential election and a recent slip in its ratings. The network’s ratings have dropped about 13% in recent weeks,…
Reddit user claiming to be Tesla insider appeared to reveal bitcoin buy a month ago - ReutersReuters
A Reddit user who claimed in a post a month ago to be a Tesla Inc insider and knew about the electric car maker's purchase of bitcoin said on Tuesday that his assertions were not true.
Eli Lilly says CFO resigns after 'inappropriate communication' with staff - NBC NewsNBC News
Eli Lilly said on Tuesday Chief Financial Officer Josh Smiley resigned after an independent investigation found inappropriate personal communication with some employees.
Valentine's Day 2021: Best ways to celebrate during a pandemic - NBC NewsNBC News
Valentine's Day during COVID-19: How to have a romantic and safe Valentine's day from the best gift ideas to special ways to celebrate during a pandemic.
Burger King tests loyalty program as part of digital push - CNBCCNBC
Burger King is testing a loyalty program in five U.S. markets.
Is Tilray Set For Another Short Squeeze? - BenzingaBenzinga
Cannabis companies have seen their share prices rise significantly this year as U.S. lawmakers look
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...
Dr. Fauci says these 3 things can keep you from catching COVID-19 - BGRBGR
The latest coronavirus update for the US from Johns Hopkins University shows that, as of Monday afternoon, more than 27 million coronavirus cases have been identified in the US. Because of the COVID-19 variant strains that are fueling an increase in those cas…