Business news 19 Feb, 2021
Elon Musk On Why Tesla Invested in Bitcoin, Not Dogecoin - Yahoo FinanceYahoo Entertainment
Tesla Inc (NASDAQ: TSLA) CEO Elon Musk said on Thursday gave an indication on why the electric vehicle maker invested in Bitcoin (BTC) and not Dogecoin (DOGE...
If You'd Invested $10,000 in ARK Invest Founder Cathie Wood's Favorite Stock This Time Last Year, Here's What It'd Be Worth Now - Motley FoolMotley Fool
The star investor has high words of praise for the holding that makes up so much of ARK Invest's active ETF portfolios.
Oil drops as investors gauge big chill impact on US refineries, OPEC+ output rise - Fox BusinessFox Business
Both benchmark contracts rallied to 13-month highs on Thursday driven by the historic freeze in U.S. southern states
Ford recalling over 150,000 vehicles for safety issues related to airbags, rear suspension - Fox BusinessFox Business
Models affected by the recalls include the 2021 Bronco Sport, the 2004-11 Ford Ranger, the 2005-14 Ford Mustang, the 2006 Ford GT, the 2008-12 Ford Fusion, the 2009-11 Mercury Milan, the 2010-12 Lincoln MKZ, the 2007-10 Ford Edge and the 2007-10 Lincoln MKX
Clubhouse reaches 8 million downloads on the iOS App Store - 9to5Mac9to5Mac
Clubhouse is a new social network that has been available for a while now, but it has been getting a lot of attention in recent weeks — which has even prompted Twitter and Facebook to work on competitors for the app. A new report points out that Clubhouse, wh…
Hundreds of immigrants jump out of 18-wheeler, run away from QT gas station - WOAIWOAI
SAN ANTONIO – Deputies are searching for hundreds of immigrants after they jumped out and ran away from a truck at a Far South Bexar County QT. We are told about 200 undocumented immigrants were in the 18-wheeler when they took off running. "The caller …
US lawmakers focus ire on Robinhood in GameStop recriminations - Financial TimesFinancial Times
Trading app’s founder was on the defensive from start of a fiery hearing
Winter storm delays California COVID-19 vaccine shipments, appointments canceled - KCRA SacramentoKCRA Sacramento
The winter storm that has crippled the U.S. is also slowing down the delivery of COVID-19 vaccines.
Breaking News: SPP Raises Energy Emergency Alert To Level 1 - news9.com KWTVnews9.com KWTV
As of Thursday evening, the Southwest Power Pool said it has raised its energy emergency alert level.
CenterPoint warns customers of incorrect email claiming they owe thousands of dollars - KTRK-TVKTRK-TV
CenterPoint is warning its customers of an incorrect email going around claiming they owe thousands of dollars on their bill.
Ford asks Texas dealers to loan F-150s with onboard generators to help power homes, businesses - KXAN.comKXAN.com
A Texas Ford dealership will be loaning out one or two F-150s with onboard generators to help power homes and businesses that have lost electricity.
IBM Explores Sale of IBM Watson Health - The Wall Street JournalThe Wall Street Journal
Business has roughly $1 billion in revenue and isn’t profitable, sources say
Carl Icahn eyes scandal mired FirstEnergy - Fox BusinessFox Business
Billionaire investor Carl Icahn has signaled an interest in making a large purchase of voting shares from one of the country’s largest electric utilities, which is currently under investigation for its role in an Ohio bribery scandal.
CenterPoint looking into billing issue that alerted customers they owe over $200K - ChronChron.com
Don't panic if you just got a massive bill from CenterPoint.
Dow Jones Futures: Stress Test Your Portfolio; Apple, Nio Flash Sell Signals; Roku Leads Earnings Movers - Investor's Business DailyInvestor's Business Daily
Dow Jones futures: As the stock market fights a pullback, it's time to stress test your portfolio. Apple, Nio flashed sell signals. Roku rose on earnings.
Texas energy crisis prompts Arizona gas utilities to call for limits on use; Mesa says supply could run out - The Arizona RepublicGoogle News
Nestlé bottled water operations in Michigan sold as part of $4.3B deal to NY private equity firm - Detroit Free PressDetroit Free Press
The new, private bottled water company will be headed by a CEO who revitalized Hostess Brands and Pabst Brewing Co.
Melvin Capital's Plotkin at GameStop hearing: Reddit traders exploited opportunity around short inte - CNBC TelevisionGoogle News
Trump's gift to Biden: Record ag exports to China - PoliticoPolitico
U.S. farm sales and shipments to China have surged since late last year, most notably for corn, the Agriculture Department said.
8 things you should know about the new American Airlines-JetBlue partnership - The Points GuyThe Points Guy
American Airlines and JetBlue jolted the industry when they announced plans for a Northeast-focused alliance last summer. Less than a month after receiving regulatory approval, the two competitors-turned-partners are hitting the ground running. On Thursday, A…
What Walmart Raises Mean for President Biden’s $15 Minimum-Wage Plan - The Wall Street JournalThe Wall Street Journal
Supporters of a higher minimum wage can argue the move is proof employers can afford wage increases, while opponents can say it is an example of effective free-market forces
Reddit CEO defends platform's role in GameStop surge - CNBCCNBC
Testifying before Congress Thursday, Steve Huffman said financial advice from Reddit users may even be more reliable than since it's vetted by the community.
New Data Boost Calls for Single COVID-19 Vaccine Dose - MedscapeMedscape
New calculations that put single-dose efficacy of the Pfizer/BioNTech vaccine over 90% fortify support for temporarily giving one mRNA shot instead of two. Not all experts are convinced.
Winter storm recall: Snowthrower sold at Home Depot, Ace Hardware recalled for amputation hazard - USA TODAYUSA Today
Toro is recalling about 6,700 snowthrowers as they pose an amputation hazard. The items were sold at Home Depot and Ace Hardware stores and online.
Federal vaccine retail rollout has high demand and some glitches - NBC NewsNBC News
The launch of the Federal Retail Pharmacy Program gives Americans the opportunity to get vaccinated closer to home and stores the opportunity to boost profits — as long as the systems all work.
Watch lawmakers grill Robinhood's CEO - CNNCNN
At the House Financial Services Committee hearing on GameStop, lawmakers aimed some of their harshest questions at Robinhood CEO Vlad Tenev.
Yellen says investors should be very careful with some sectors, calls bitcoin 'highly speculative' - CNBCCNBC
While low interest rates support higher stock valuations, Treasury chief Janet Yellen told CNBC some parts of the market may need to be viewed cautiously.
Facebook, Google and Twitter CEOs will make another appearance before Congress in March - CNBCCNBC
The March hearing will mark Facebook CEO Mark Zuckerberg's fourth time testifying before Congress since July.
Google's restructuring of its AI teams sparks further criticism - The Next WebThe Next Web
Google has restructured its responsible AI teams in the wake of Timnit Gebru’s firing, sparking further anger from the researcher and her supporters. The ethical AI teams will now be overseen by Marian Croak, a Black Google executive who’s credited with inven…
Bitcoin Miner Ebang Closes $70M Follow-Up Public Offering - Yahoo FinanceYahoo Entertainment
The proceeds will be used primarily for research, development, production and sale of equipment and expanding its mining business through the establishment...
Roku Beats Q4 Earnings Estimates With Record Revenue, Swings to Quarterly Profit - VarietyVariety
Riding a big wave of stay-at-home streaming usage, Roku boosted revenue in the fourth quarter 58%, to a record $649.9 million — and posted a $65.2 million net profit for the quarter, whereas Wall Street had expected a loss. The company already announced last …
Why Stratasys, 3D Systems, and Desktop Metal Stocks All Crashed Today - Motley FoolMotley Fool
Stratasys makes an acquisition -- and earnings reports loom.
MLGW advises customers to boil water - WREG NewsChannel 3WREG NewsChannel 3
MEMPHIS, Tenn. — Memphis Light, Gas and Water issued a precautionary boil-water advisory for more than 257,000 customers Thursday. The notice was issue due to recent water main breaks and freezing temperatures, which caused low water pressure in MLGW’s water …
Quidel Reports Fourth Quarter and Full Year 2020 Financial Results - Yahoo FinanceYahoo Entertainment
Quidel Corporation (NASDAQ: QDEL), a provider of rapid diagnostic testing solutions, cellular-based virology assays and molecular diagnostic systems...
HEB implements product limits in Texas - KWTXKWTX
In an effort to make sure all customers have access to products they need, H-E-B is limiting the purchase of certain items.
Petco Park vaccine superstation will close Friday and Saturday due to supply shortage - The San Diego Union-TribuneThe San Diego Union-Tribune
The closure could last until Sunday and Monday. Some other San Diego vaccine sites are either briefly closing or focusing on administering second doses
Power back on for more than 90% of Austin; focus shifts to water, food access - Austin American-StatesmanAustin American-Statesman
More than 90% of Austin has power, but about 40,000 customers still do not.
Lawsuit says Facebook kept inflated metric to avoid sales hit - Business InsiderBusiness Insider
Facebook executives "took steps to conceal the problem" with its inflated Potential Reach metric, the unredacted court document says.
Omega Mart opens today. So does the mysterious world beyond it. - Las Vegas Review-JournalLas Vegas Review-Journal
<p>There is something wrong with this grocery store. The customers at Omega Mart keep getting misplaced in other worlds.</p>
Tesla sticker shock: Automaker slashes prices for two models - Aljazeera.comAl Jazeera English
The price of the Model 3 Standard Range Plus was cut 2.6 percent and Model Y Standard Range’s price was cut 4.8 percent.
How to get Wendy’s new chicken sandwich for free until Sunday - Atlanta Journal ConstitutionAtlanta Journal Constitution
Wendy’s has another soldier to fight it out in the latest chicken sandwich war with McDonald's and Burker King.
Dow's 63-point fall led by losses for shares of Walmart, Boeing - MarketWatchMarketWatch
Shares of Walmart and Boeing are posting losses Thursday afternoon, sending the Dow Jones Industrial Average into negative territory. The Dow was most...
Auto Dinosaurs Show They’re Not Dead Yet - The New York TimesNew York Times
Daimler reported unexpectedly strong profits, underlining a rebound by traditional carmakers despite the pandemic.
Gretchen Whitmer ‘Quietly Extended’ Restaurant Restrictions Until March 29 - BreitbartBreitbart News
Michigan Gov. Gretchen Whitmer (D) two weeks ago "quietly extended" her restaurant restrictions until March 29. | Politics
Texas Storms, California Heat Waves and ‘Vulnerable’ Utilities - The New York TimesNew York Times
Power failures have cast a spotlight on whether energy companies and regulators are doing enough to prepare for climate change and natural disasters.
The price of gas is climbing higher. Here’s how you can save at the pump - CNBCCNBC
With frigid temperatures in the South causing oil refineries to go offline, the price of oil is expected to rise and impact what you pay for gasoline.
Google moves in near the Mayo Clinic to ease collaboration | Engadget - EngadgetEngadget
Google will open an office in Rochester MN this year, home of the Mayo Clinic's headquarters. Google already has dozens of offices in the US, but this will be the first in Minneapolis. The company worked with the Mayo Clinic to find spaces that let them colla…
Broward restaurant makes top 10 of Yelp’s 100 Places to Eat in 2021 - WPLG Local 10WPLG Local 10
Landing the sixth spot in Yelp’s annual list is of 100 Best Restaurants is none other than Coral Springs’ beloved Arun’s Indian Kitchen. With over 1,000 five-star reviews on Yelp and a strong, devoted fanbase, it’s no wonder the Indian restaurant made it to t…
USPS names 4 worst-performing Chicago post office locations; report shows 62K mail items delayed over several months - WLS-TVWLS-TV
The USPS named the 4 worst-performing Chicago post office locations in a report Thursday, which shows 62K mail items were delayed there over several months.
Winter weather further delays Publix vaccine deliveries - WESH 2 OrlandoWESH Orlando
Winter weather is continuing to delay vaccine shipments to Florida forcing Publix to further delay scheduling for future appointments.
Johnson & Johnson vaccine could be two doses: White House adviser - New York PostNew York Post
Johnson & Johnson’s COVID-19 vaccine could end up being a two-dose regimen if it proves to offer more protection than one, a White House adviser said Thursday. “Johnson & Johnso…
Mortgage rates shoot up to highest levels since mid-November - The Washington PostThe Washington Post
The 30-year fixed-rate average climbed to 2.81 percent, its highest level since mid-November.
AstraZeneca vaccine faces resistance in Europe after health workers suffer side-effects - ReutersReuters
Health authorities in some European countries are facing resistance to AstraZeneca's COVID-19 vaccine after side-effects led hospital staff and other front-line workers to call in sick, putting extra strain on already-stretched services.
The SPAC Bubble Is About to Burst - Harvard Business ReviewHarvard Business Review
Limited oversight, tons of money, and hype for days. What could go wrong?
Texas mayor: We're just trying to keep people alive and safe for the next two days | TheHill - The HillThe Hill
The mayor of Austin Texas, Steve Adler (D), said Thursday that ci...
Pfizer, Moderna COVID-19 vaccines protection against South African variant unclear, studies find - Fox NewsFox News
New research suggests a concerning coronavirus variant first identified in South Africa diminished Pfizer and Moderna's vaccine-induced antibody levels, and the protection is unclear.
Gold price holding steady gains following another jump in U.S. weekly jobless claims - Kitco NEWSKitco NEWS
(Kitco News) - Gold prices are holding steady in positive territory as the U.S. labor market continues to lose more momentum as more American workers than expected file for first-time unemployment benefits.
Fish and chips are specialties at these metro Detroit restaurants - Detroit Free PressDetroit Free Press
Around metro Detroit, there are plenty of places where fish and chips are the best catch.
South African scientists to discuss Pfizer vaccine study - ReutersReuters
Scientists will meet on Thursday to advise South Africa's government on its next steps after a study suggested the dominant local coronavirus variant may reduce protective antibodies from Pfizer's COVID-19 vaccine by two-thirds.
Treasury yields rise after jobless claims data - CNBCCNBC
U.S. Treasury yields fell slightly on Thursday after the release of weekly jobless claims data.
Warren Buffett’s Top 10 Stock Picks - Yahoo FinanceYahoo Entertainment
In this article, we discussed Warren Buffett’s hedge fund Berkshire Hathaway‘s adjustments in the 13F portfolio and examined its top 10 stock picks. You can ...
How long will it take for the snow to melt in Oklahoma? - KOCO Oklahoma CityKOCO Oklahoma City
Two major snowstorms created a tremendous amount of snow on the ground. Snow on top of snow is pretty rare in Oklahoma.
The Baltimore Sun was spared a hedge-fund owner. Now it will try to survive as a nonprofit. - The Washington PostThe Washington Post
Its sister papers will be sold to Alden Global, but Stewart Bainum Jr. plans to buy the 184-year-old newspaper.