Business news 11 Feb, 2021
Tencent Executive Held by China Over Links to Corruption Case - The Wall Street JournalThe Wall Street Journal
Zhang Feng has been investigated for alleged unauthorized sharing of personal data collected by WeChat to an ex-official
Lawyers warn Elon Musk’s Bitcoin tweets could attract SEC’s ire - CointelegraphCointelegraph
Lawyers have expressed caution over Elon Musk’s social media activity that could be construed as market manipulation.
Asia stocks pause at peaks, sustained by stimulus promise By Reuters - Investing.comInvesting.com
Asia stocks hold at highs, sustained by bottomless stimulus
How to get the COVID vaccine at CVS, Walgreens in California - Los Angeles TimesLos Angeles Times
COVID-19 vaccines at CVS, Walgreens and other pharmacies in Southern California are appointment-only
Mastercard to let merchants accept some cryptocurrencies directly later this year - MarketWatchMarketWatch
Company will open its network to crypto assets that meet its requirements around safety, compliance and stability
Delta flight out of Pittsburgh goes off the runway, passengers evacuate - Fox NewsFox News
A commercial airplane with nearly 80 passengers slid off the runway at Pittsburgh International Airport on Wednesday.
Cramer calls on U.S. to build factories to address chip shortage, unemployment - CNBCCNBC
"It's time for our government to invest in building the biggest and best complex of semiconductor foundries … in the world," the "Mad Money" host said.
How Much Higher Can Oil Prices Go - OilPrice.comOilPrice.com
Oil prices have rallied back to the point they are almost ready to match pre-Covid levels, and there's reason to be believe that the current rally will continue
San Diego County COVID-19 Update – 2-10-2021 - countynewscenter.comcountynewscenter.com
Here is today’s COVID-19 update from the County Health and Human Services Agency with data through Feb. 9, 2021.
Pot Stocks Are Flying High Again. It's Not Just Reddit. - Barron'sBarron's
Canadian grower Tilray jumped 51% on Wednesday. Sundial Growers jumped 79%. Shares of Aurora Cannabis—a name that’s been popular with retail traders in the past—rose 21%.
ARC Resources and Seven Generations Energy Announce Strategic Montney Combination - Business WireBusiness Wire
ARC RESOURCES AND SEVEN GENERATIONS ENERGY ANNOUNCE STRATEGIC MONTNEY COMBINATION
Shift to green energy 'could cost oil states $13 trillion' by 2040 - BBC NewsBBC News
Some countries could lose 40% of government revenue as the world cuts back on fossil fuels, says report.
SK Innovation EV Batteries Banned* For 10 Years By U.S. ITC - InsideEVsInsideEVs
The U.S. International Trade Commission announced today the verdict in court clash between two South Korean EV battery manufacturers, LG Chem and SK Innovation.
Illinois to Expand Vaccine Eligibility Under Phase 1B Later This Month - NBC ChicagoNBC Chicago
Illinois is set to expand the list of people eligible for COVID-19 vaccinations in Phase 1B of its rollout, Gov. J.B. Pritzker announced Wednesday.
Bumble prices IPO at $43 per share - TechCrunchTechCrunch
This afternoon Bumble priced its IPO at $43 per share, ahead of its raised IPO range of $37 to $39 per share. Bumble filed to go public in mid-January, and offered up its first price range on February 2. That range, $28 to $30 per share, wound up coming up sh…
Mattel CEO: Strong consumer demand led to 'best performance in years' - CNBCCNBC
Barbie had the best growth of Mattel's product lines, with sales surging 16% on the year.
NHL takes big stride on data and analytics with AWS deal - The Associated PressAssociated Press
The NHL is taking another step forward in data, analytics, and puck and player tracking. The league has reached an agreement with Amazon Web Services to put all its video and data on the...
Stock futures dip after Dow closes at record level - CNBCCNBC
U.S. stock index futures were little changed during overnight trading on Wednesday.
Toyota will debut its first mass-market EVs in the US this year - The VergeThe Verge
Toyota, the world’s leading automaker, will debut two all-electric vehicles later this year alongside a new hybrid. The Japanese company has, to date, only made a handful of all-electric vehicles in China and the Rav4 EV in the US, all while other automakers …
Can’t Find an N95 Mask? This Company Has 30 Million That It Can’t Sell. - The New York TimesNew York Times
Health workers are still being forced to ration protective masks, but small U.S. manufacturers can’t find buyers, and some are in a danger of going under.
Landmark Atlanta Krispy Kreme location owned by Shaquille O'Neal gutted by fire - Yahoo SportsYahoo Entertainment
O'Neal vowed 'we will be back' after fire tore through a Krispy Kreme location known for feeding mourners at Dr. Martin Luther King's funeral.
United Airlines orders 200 vertical-takeoff electric airplanes - Ars TechnicaArs Technica
Startup Archer received investments from United Airlines and Stellantis.
Uber lost $6.8 billion in 2020 - CNNCNN
Uber lost a staggering $6.8 billion last year -- and that's actually good news.
Coca-Cola History: Coke launching new bottle size for 1st time in a decade, made of 100% recycled plastic - WPVI-TVWPVI-TV
Coca-Cola is launching a new bottle size for the first time in a decade, but it's what the bottle's made of that marks an even more notable first: 100% recycled plastic material.
Zillow up in after-hours trading after posting quarterly earnings - Yahoo FinanceYahoo Entertainment
Zillow reported earnings that beat expectations, with the company posting $170M in adjusted EBITA, compared to consensus estimates of $125M in adjusted EBITA...
Uber Technologies Inc. stock outperforms market on strong trading day - MarketWatchMarketWatch
Shares of Uber Technologies Inc. advanced 5.99% to $63.18 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the...
In First For Commercial Bank, Blue Ridge ATMs Are Now Selling Bitcoin - Bitcoin MagazineBitcoin Magazine
“Blue Ridge Bank has announced that for the first time in U.S. history a commercial bank is providing access to Bitcoin at its branch locations.”
Tesla Inc. stock falls Wednesday, underperforms market - MarketWatchMarketWatch
Shares of Tesla Inc. slid 5.26% to $804.82 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones...
Salesforce shifts away from in-person work: 'The 9-to-5 workday is dead' - The GuardianThe Guardian
Most workers for San Francisco’s biggest private employer will come into an office just one to three days a week
New tax rule could mean bigger tax refunds for some families, but only if they're savvy - Yahoo FinanceYahoo Entertainment
The change to the tax code could allow millions of working families to save thousands on their taxes, but only if they are savvy about how they file this...
Parker police looking for woman seen slapping grocery store employee after refusing to wear mask - FOX 31 DenverFOX 31 Denver
A Parker Police Department incident report is providing more details surrounding a violent confrontation over the King Soopers mask policy.
ACHD: UK COVID-19 variant now found in Allegheny County - WPXI PittsburghWPXI Pittsburgh
Health officials with the Allegheny County Health Department reported that the first case of the UK variant of COVID-19 has been identified in a patient in the county.
How much does homeowners insurance cover for theft? - Fox BusinessFox Business
When a break-in occurs, home insurance can compensate you for financial losses.
Zillow Group to Acquire ShowingTime, the Industry Leader in Home Touring Technology - PRNewswirePRNewswire
/PRNewswire/ -- Zillow Group has entered into a definitive agreement to acquire ShowingTime.com, Inc., an online scheduling platform for home showings, for...
What is Clubhouse, the invite-only app that celebrities and entrepreneurs are talking about? - Vox.comVox
Elon Musk and other Silicon Valley figures are crowning the app the next major social platform. It’s currently valued at $1 billion.
WHO says AstraZeneca COVID-19 vaccine OK to use despite variant concerns - Fox NewsFox News
The World Health Organization (WHO) recommends using the coronavirus vaccine developed by AstraZeneca and Oxford University even in countries where variants threaten to reduce efficacy.
The Audi E-Tron And Porsche Taycan Only Help Tesla - JalopnikJalopnik
The Audi E-Tron GT is finally here, and it’s going to kick off a friendly rivalry with its distant stablemate, the Porsche Taycan. But I can’t stop thinking that the real winner in all this isn’t Volkswagen Group. It’s Tesla.
Vornado Realty Trust considers buying out Trump Organization stake - Business InsiderBusiness Insider
Steven Roth, a former advisor to Trump during his presidency, is the founder and chairman of Vornado Realty Trust.
Why Twitter Stock Jumped Today - Motley FoolMotley Fool
The social network delivered impressive growth in the final quarter of 2020.
975 COVID-19 vaccines thrown away accidentally, Knox County Health Department says - WATE 6 On Your SideWATE 6 On Your Side
KNOXVILLE, Tenn. (WATE) — Knox County Health Department has requested the state to investigate 975 second-dose Pfizer vaccines that have gone missing after the state confirmed the shipment to KCHD, but they have no record of receiving the vaccines. KCHD repor…
(1) Fully vaccinated people can skip Covid quarantines, CDC says - 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.
Mayor Lori Lightfoot says she’ll allow Chicago restaurants to serve more people starting Thursday - Chicago TribuneChicago Tribune
Ahead of Valentine’s Day, Mayor Lori Lightfoot said Wednesday she will allow Chicago bars and restaurants to expand the number of people they serve indoors. But the city will continue to keep tighter restrictions on restaurants than the looser rules allowed e…
Aldi expanding with 100 new locations in 2021 - Fox BusinessFox Business
The new locations, which are part of the company's "coast-to-coast expansion" plan, will be spread out across Arizona, California, Florida and the Northeast, Aldi said.
Real unemployment rate closer to 10 percent, says Fed Chair Jerome Powell - NBC NewsNBC News
The real unemployment rate is closer to 10 percent, Federal Reserve Chairman Jerome Powell said Wednesday. The official rate is currently 6.3 percent.
Hedge fund job listing wants Reddit traders - CNETCNET
Starting salary is $200,000 and the position requires being a member of r/WallStreetBets.
TikTok sale to Oracle and Walmart shelved as Biden reviews security, say reports - The GuardianThe Guardian
Deal would have shifted video app’s US assets into new entity to prevent total ban on use
Elon Musk eyes IPO as SpaceX begins preorders for Starlink satellite internet service - CNBC TelevisionGoogle News
Biden backs off on TikTok ban in review of Trump China moves - The Associated PressAssociated Press
The Biden administration is backing off former President Donald Trump's attempts to ban the popular video app TikTok, asking a court to postpone a legal dispute over the proposed ban as the...
16 Ways To Celebrate Valentine's Day In DC - DCistdcist.com
We rounded up food, drink, and gift deals for the holiday weekend.
Home More 11 Products Now in Short Supply Due to the Pandemic - Money Talks NewsMoneytalksnews.com
Many goods we take for granted have become tough to find in 2021.
Walmart to offer COVID-19 vaccine at 6 Central Texas stores - KWTXKWTX
Walmart will offer COVID-19 vaccine starting Friday at six Central Texas stores.
With Trump gone, Huawei tells Biden it’s not a security threat - Ars TechnicaArs Technica
With a new president in town, Huawei CEO says he would welcome friendlier relations.
Aunt Jemima brand gets a new name: Pearl Milling Company - Associated PressAssociated Press
Aunt Jemima is making her last batch of pancakes. Quaker Oats said Tuesday that its Aunt Jemima brand pancake mix and syrup will be renamed Pearl Milling Company. Aunt Jemima products will...
Popeyes Follows Up Chicken Sandwich With a Cajun Flounder Option - EaterEater
If you hate it, the restaurant will give you a chicken one instead — assuming you paid the 15 cents for sandwich insurance
Cisco wants to use 3D so Webex meeting participants feel like they're in the room, CEO says - CNBCCNBC
CEO Chuck Robbins told CNBC the company wants to make virtual participation in an in-person meeting less "terrible."
Small business rescue slowed by fight against fraud, drawing protests - PoliticoPolitico
The Small Business Administration revealed plans Wednesday to speed up the process and keep the government-guaranteed loans flowing.
Microsoft helps users shift to hybrid work with Microsoft Viva launch - Yahoo FinanceYahoo Entertainment
Microsoft has announced a new platform within Microsoft 365 called Microsoft Viva. Microsoft 365 Corporate Vice President Jared Spataro joins Yahoo Finance...
Stimulus Might Cause Higher Inflation, but for How Long? - The Wall Street JournalThe Wall Street Journal
Combination of another round of Covid-19 relief and easing of pandemic’s grip could push prices higher
Postal Service Sets Major Operational Restructuring - Yahoo FinanceYahoo Entertainment
The U.S. Postal Service plans a significant restructuring of its business, the quasi-governmental agency said Tuesday. The Postal Service provided no details...
McDonald's bringing back iconic Hi-C Orange Lavaburst. Find out when you can get it. - USA TODAYUSA Today
Hi-C Orange Lavaburst and Fanta Orange are returning to McDonald's restaurants by June. Some US locations get the non-carbonated orange drink sooner.
Colin Kaepernick plans to raise $250M for social justice SPAC - Fox BusinessFox Business
Former NFL quarterback Colin Kaepernick plans to raise $250 million for a special purpose acquisition company focused on racial equality and social justice issues.
Doctors link Pfizer, Moderna vaccines to life-threatening blood disorder - LifesiteLifesite
A second New York Times article quotes doctors who say the mRNA technology used in COVID vaccines may cause immune thrombocytopenia, a blood disorder that last month led to the death of a Florida doctor after his first dose of the Pfizer vaccine.
Akamai's (AKAM) Q4 Earnings and Revenues Beat Estimates - Yahoo FinanceYahoo Entertainment
Akamai's (AKAM) Q4 performance reflects continued growth in internet traffic and robust adoption of cloud security solutions amid increasing instances of...
The SPAC Boom Has Some Downsides - The New York TimesNew York Times
The blank-check boom shows no signs of slowing, but there are reasons to be wary.
Sell Amazon as Jeff Bezos Steps Down? 4 Reasons You Shouldn't - Motley FoolMotley Fool
I couldn't be more comfortable with my Amazon stake, even with Bezos stepping down as CEO. Here's why.