Business news 11 Mar, 2021
Tesla's China-made Model Y takes off despite holiday car sales slump - CNBCCNBC
Tesla's Model Y was the third best-selling electric car in China in February, according to data released Wednesday by the China Passenger Car Association.
Facebook's Dream of Running a Giant Cable From California to Hong Kong Once Again Dashed - GizmodoGizmodo.com
U.S. national security officials have been increasingly putting pressure on overseas cable project amid simmering tensions with the Chinese government.
Dow Jones Futures: Stock Market Divided Cannot Stand? Boeing Breaks Out, GME, Bitcoin In Focus - Investor's Business DailyInvestor's Business Daily
Dow Jones futures: The Dow rallied to a high as Boeing led real economy stocks. But the Nasdaq erased gains. GME stock and Bitcoin rose in volatile fashion.
Verizon will reserve its best 5G for “premium” plan subscribers - The VergeThe Verge
Verizon says that only customers on “premium” unlimited plans will be able to access 5G speed-boosting C-band frequencies when they become available. Metered plans and customers on the Start Unlimited plan will only have access to slower Nationwide 5G.
Unilever to remove the word 'normal' from beauty products and ads as a way to be inclusive - Fox BusinessFox Business
Unilever is doing away with the word “normal” on the packaging of its beauty products and respective advertisements.
More closings over hazard pay: Kroger shutters three stores in Los Angeles - The Cincinnati EnquirerThe Cincinnati Enquirer
Kroger said it will close three stores in Los Angeles after local officials mandated $5-per-hour hazard pay for grocery and drug store workers.
GameStop – The Second Surge: Anatomy Of A “Gamma Swarm” - ForbesForbes
The “Gamma swarm” phenomenon looks like something to be reckoned with, a new trading strategy that may require many other market participants – short sellers, regulators, market makers, clearinghouses, certain hedge funds, many conventional investors – to mak…
State Health Dept. answers questions about vaccine availability in western Pa. - WTAE PittsburghWTAE Pittsburgh
State Health Dept. answers questions about vaccine availability in western Pa.
David Neeleman’s new airline, Breeze, just cleared a major hurdle - The Points GuyThe Points Guy
The United States’ newest airline is closer than ever to taking off. On Wednesday, the U.S. Department of Transportation approved an application for Breeze, a new airline led by JetBlue founder David Neeleman, to begin flying. The approval, which grants Breez…
Disney closing State Street, Rosemont stores this month - Chicago TribuneChicago Tribune
Walt Disney Co. will close at least 60 Disney Stores in North America this year, including two in Chicago and its suburbs.
Two Susquehanna Valley animals are finalists to be 2021 Cadbury Bunny - WGAL Susquehanna Valley Pa.WGAL Susquehanna Valley Pa.
You can vote online through March 17.
What's in the $1.9 trillion rescue plan for small businesses - CNNCNN
The $1.9 trillion American Rescue Plan Act that President Joe Biden will sign into law on Friday contains a number of provisions intended to help small businesses, especially restaurants.
Mass COVID-19 vaccination site opens at Park City Center in Lancaster County - WGAL Susquehanna Valley Pa.WGAL Susquehanna Valley Pa.
WGAL News 8 coronavirus coverage
Deputies track down, arrest man in attempted catalytic converter theft - WLOSWLOS
Henderson County Sheriff's Office has taken another attempted catalytic converter thief off the streets. On Sunday, March 7, officers with the Henderson County Sheriff’s Office responded to a report of an in-progress catalytic converter theft from a ve…
Amtrak to restore daily long-distance train service with federal relief funds - The Washington PostThe Washington Post
The $1.7 billion in covid relief funds would keep trains running as Amtrak faces a slow recovery.
'Trading Nation' Traders Weigh In On General Electric - BenzingaBenzinga
Quint Tatro of Joule Financial and Michael Binger of Gradient Investments discussed on CNBC's "Trading Nation" latest news on General Electric ...
New York Times says Berkeley's Boichik Bagels are some of the best - BerkeleysideBerkeleyside
Since New York Times food critic Tejal Rao's article, Boichik has experienced a deluge of national interest in their bagels.
AVEO Announces Appointment of Mike Ferraresso to Chief Commercial Officer - Yahoo FinanceYahoo Entertainment
AVEO Oncology (Nasdaq:AVEO) today announced the appointment of Mike Ferraresso to chief commercial officer. Mr. Ferraresso will be responsible for managing...
Chesterfield Kroger administers saline shots instead of COVID-19 vaccines - WWBT NBC12 NewsWWBT NBC12 News
Kroger also didn’t specify how many people were impacted by this mix-up, only saying it was a small number of people.
Biden orders another 100 million COVID vaccine doses from Johnson & Johnson - New York PostNew York Post
President Biden on Wednesday said that the US government is buying another 100 million COVID-19 vaccine doses from Johnson & Johnson to ensure “maximum flexibility” in ending the pa…
You read that right: The travel booking site Kayak is opening a hotel - The Points GuyThe Points Guy
Kayak, one of the biggest travel search engines around, is opening a hotel in Miami Beach, Florida, next month. According to reporting by Travel Weekly, the internet-based travel agency is planting its flag in the physical world in conjunction with Life House…
Hawaii reports 3 additional COVID fatalities, 48 new infections - Hawaii News NowHawaii News Now
In the last 14 days, there have been 653 cases reported in the islands.
Price analysis 3/10: BTC, ETH, BNB, ADA, DOT, XRP, UNI, LTC, LINK, BCH - CointelegraphCointelegraph
Select altcoins could rally to new all-time highs if Bitcoin bulls successfully hold BTC above the $57,000 level.
Roblox CEO Baszucki is worth over $4 billion, and his college bud's VC firm just made a windfall - CNBCCNBC
After Roblox's market debut on Wednesday, CEO David Baszucki owns stock worth $4.6 billion, while Index Ventures has shares valued at $3.7 billion
Oracle down after reporting earnings despite revenue, adjusted EPS beat - Yahoo FinanceYahoo Entertainment
Oracle posted quarterly earnings that otperformed earnings, posting $10.09 billion in revenue and an adjusted EPS of $1.16 EPS, beating the estimated revenue...
Warren Buffett Becomes Sixth Member of $100 Billion Club - Yahoo FinanceYahoo Entertainment
(Bloomberg) -- Warren Buffett has been a fixture at the top of the world’s wealth rankings for decades, but in recent years he’s slipped down the list as...
AMC bets on new movie releases, vaccine roll-outs to boost revenue - ReutersReuters
AMC Entertainment Holdings Inc said the roll-out of COVID-19 vaccines and the release of major movies, including Walt Disney Co's "Black Widow", would boost sales this year, sending the company's shares up 9%.
Tensions loom between US, Ethiopia in 737 Max crash probe - Aljazeera.comAl Jazeera English
The Ethiopian Accident Investigation Bureau plans to release a final report on the crash of the 737 Max that killed 157.
GameStop shares rise, fall and rise again in roller-coaster day of trading - CNETCNET
Diamond-handed traders still are up.
Oracle drops after CEO delivers low earnings guidance on call - CNBCCNBC
The company said it was increasing quarterly dividends, even as it ramps up investments to support increases in cloud consumption.
BNTX Stock Pops: CEO Eyes 3 Billion Covid Vaccine Doses In 2022 - Investor's Business DailyInvestor's Business Daily
At least one maker of Covid vaccines says it's possible to make 3 billion doses in 2022. Meanwhile, Europe is struggling with hotspots and travel restrictions.
Bumble tops revenue estimates in its first quarterly report as a public company; shares rise - CNBCCNBC
The company reported 2.7 million paying users for the fourth quarter, up 32.5% from the fourth quarter of 2019.
American Airlines cancels 13,000 furloughs after stimulus package passes | TheHill - The HillThe Hill
American Airlines canceled employee furloughs on Wednesday when the House passed the COVID-1...
Cloudera Reports Fourth Quarter and Fiscal Year 2021 Financial Results - Yahoo FinanceYahoo Entertainment
Cloudera, Inc. (NYSE: CLDR), the enterprise data cloud company, reported results for its fourth quarter and fiscal year 2021, ended January 31, 2021. Total...
Target partners with CVS to bring COVID-19 vaccines to Virginia, Maryland - WTOPWTOP
Retail giant Target is partnering with CVS Pharmacy to bring coronavirus vaccines to more than 600 stores across the country, including locations in Virginia and Maryland.
Caught on camera: Surveillance video captures dramatic car theft - KOAT AlbuquerqueKOAT New Mexico
The dramatic confrontation was recorded on surveillance video, as the car salesman clung to the hood of the car as the driver sped off.
Stimulus checks approved: How much will you get and when will you get it? - WANEWANE
With the deal done, how much money will you get and when could you get it?
The Quesalupa has returned to Taco Bell: let us rejoice and be glad - The TakeoutThe Takeout
These cheese-stuffed chalupa shells, last seen in 2016, were one of the most popular limited-time-only items in Taco Bell history.
SEC warns investors: Don't invest in SPACs based on celebrity endorsements - MarketWatchMarketWatch
The number of special-purpose acquisition companies has risen sharply in recent years
You could soon get your COVID-19 vaccine at the dollar store - Boing BoingBoing Boing
The US Center for Disease Control is negotiating with Dollar General to distribute the COVID-19 vaccine. From USA Today: Dollar General does not have pharmacies, but it has more than 16,000 locatio…
DraftKings Soars on Positive Words From Analysts - Barron'sBarron's
The sports betting company has raised its targets, and Cathie Wood's ARK Innovation exchange-traded fund bought almost 950,000 shares.
Crypto-Savvy SEC Chair Nominee Clears Senate Panel - U.TodayU.Today
The Senate Banking Committee has voted to advance Gary Gensler's nomination
Facebook moves to dismiss the US government’s antitrust case - The VergeThe Verge
The Federal Trade Commission and a group of state attorneys general filed separate lawsuits against Facebook accusing the tech giant of engaging in anti-competitive behavior by acquiring WhatsApp and Instagram.
Take the Lesson of GameStop to the Next Level - RealMoneyTheStreet
As GME rules the day, remember that trading like you only live once won't lead to riches....GME
Elon Musk made $25 billion Tuesday - CNNCNN
Elon Musk lost tens of billions of dollars last week. He made nearly all of that back in a single day, Tuesday, following a 20% rally in Tesla's stock.
Target partnering with CVS to distribute vaccine in 600 locations nationwide - WJW FOX 8 News Clevelandfox8.com
Target and CVS announced a partnership Wednesday that will allow CVS to administer the COVID-19 vaccine to people at CVS pharmacies located within Target stores in 17 states.
Kia Is Recalling 380,000 Vehicles Over a Fire Risk - LifehackerLifehacker.com
Car accidents happen, but you can help yourself avoid them by driving slowly and safely, and you can increasing your chances or emerging unscathed from one by wearing a seatbelt. But what do you do when your car itself is the risk? Kia is recalling 380,000 ve…
Biden administration won't enforce Trump-era ESG rule for 401(k) plans - CNBCCNBC
The Biden administration won't enforce a Trump-era Labor Department rule that made it harder to use environmental investments in 401(k) plans.
Eli Lilly says antibody cuts COVID-19 deaths, hospitalizations by 87 percent | TheHill - The HillThe Hill
Eli Lilly announced Wednesday that its antibody drug to combat the coronavirus cut the risk of ho...
Gevo, Inc. (GEVO) Expected to Beat Earnings Estimates: Can the Stock Move Higher? - Yahoo FinanceYahoo Entertainment
Gevo, Inc. (GEVO) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key...
“Shot Bar” launches at Sea-Tac Airport - KIRO SeattleKIRO Seattle
The walk-up counter quickly serves shots in a 2-ounce red solo cup for those travelers on the go.
At least 10 hacking groups using Microsoft software flaw -researchers - Thomson Reuters FoundationTrust.org
USA-CYBER/MICROSOFT (PIX):At least 10 hacking groups using Microsoft software flaw -researchers
Guy Fieri Launches Flavortown Kitchen in Los Angeles as Delivery-Only Restaurant - Eater LAEater
Plus, MDK’s new shabu menu, homestyle meals in Long Beach, and Orsa & Winston’s outdoor menu
U.S. consumer prices rise; underlying inflation muted for now - ReutersReuters
U.S. consumer prices increased solidly in February, with households paying more for gasoline, but underlying inflation remained tepid amid weak demand for services like airline travel and hotel accommodation.
These epic Girl Scout cookie-inspired recipes put a new spin on classic flavors - CNNCNN
The chefs at Denver's Crafted Concepts offer recipes for Samoas Coconut Panna Cotta and Thin Mint Mousse Tart as alternatives to simply scarfing down your box of treats.
Uber, Lyft ban passenger who ripped off her mask, coughed on driver; police investigating - USA TODAYUSA Today
San Francisco police say the incident occurred Sunday and a 32-year-old ride share driver was the victim. Uber and Lyft banned the passenger involved.
USPS mail truck contract hits snag as lawmakers ask, 'Why not totally electric?' - CNETCNET
Three representatives also want to investigate whether any political pressure swayed the USPS to name Oshkosh the winner over others.
'He was my everything': Man died from COVID-19 after trying to get vaccine twice, wife says - WMTW PortlandWLWT Cincinnati
His wife is sharing his story and hopes to inspire others to keep trying for their vaccines.
NY now booking 1000s of Covid-19 vaccine appointments in April and May - syracuse.comsyracuse.com
As of today, people 60 and over, those with certain health conditions and certain jobs can book an appointment.
Pasadena cancels COVID vaccine clinic meant for essential workers after Hollywood and media employees flood registration spots - TheBlazeTheBlaze
Cutting in line
Today's mortgage refinance rates move lower | March 10, 2021 - Fox BusinessFox Business
Check out the mortgage refinancing rates for March 10, 2021, which are down from yesterday.
How to Fix Crypto Art NFTs' Carbon Pollution Problem - Gizmodo - GizmodoGizmodo.com
The “crypto-” carbon crisis is evolving. And after years of low-key use, art and collectibles tied to what are known as non-fungible tokens (NFTs) have exploded into the global discourse as the Next Big Thing. Embedded with it, though, is an existential tensi…
bluebird bio Provides Updated Findings from Reported Case of Acute Myeloid Leukemia (AML) in LentiGlobin for Sickle Cell Disease (SCD) Gene Therapy Program - Yahoo FinanceYahoo Entertainment
bluebird bio, Inc. (Nasdaq: BLUE) announced today that based on the analyses completed to date, it is very unlikely the Suspected Unexpected Serious Adverse ...
Restaurants are big beneficiaries of COVID-19 relief bill - Fox BusinessFox Business
The bill calls for grants equal to the amount of restaurants' revenue losses, up to a maximum of $10 million per company and $5 million per location