Business news 22 Feb, 2021
Another Elon Musk Dogecoin Tweet Sends Speculators Aflutter - Yahoo FinanceYahoo Entertainment
Tesla Inc (NASDAQ: TSLA) CEO Elon Musk seemingly pitched for the joke cryptocurrency Dogecoin (DOGE) to be powered by a supercomputer. What Happened: The...
Dozens of Boeing 777 planes grounded in US and Japan after engine failure - The VergeThe Verge
Airlines in Japan and the US have grounded dozens of Boeing 777 aircraft after the dramatic engine failure that United Airlines flight 328 experienced over Denver this weekend. The US FAA and Japan’s CAB took action to prevent planes with certain engines from…
M&T Bank Nears Deal to Buy People’s United for More Than $7 Billion - The Wall Street JournalThe Wall Street Journal
The companies are discussing an all-stock deal that could be announced as soon as this week
Shares make guarded gains as bond yields, resources spike - ReutersReuters
Asian share markets inched up on Monday as expectations for faster economic growth and inflation globally battered bonds and boosted commodities, though rising real yields were making equity valuations look more stretched in comparison.
Why some Texans are getting sky-high energy bills - KSAT San AntonioKSAT San Antonio
After unusual icy weather left millions of Texans without power, some are facing another crisis: Sky-high electricity bills.
Activist Investors Nominate Nine Directors to Kohl's Board - The Wall Street JournalThe Wall Street Journal
The group controls a combined 9.5% stake in the department-store chain
Starboard SPAC Nears $3.4 Billion Deal for Data-Center Company Cyxtera - The Wall Street JournalThe Wall Street Journal
Existing owners of Cyxtera, including private-equity firms BC Partners and Medina Capital, plan to roll their equity stakes into the combined company
Man who chased, yelled racist slurs at TriMet worker sentenced to 18 months in prison - OregonLiveOregonLive
A 51-year-old man who chased and yelled racist slurs at a Black TriMet supervisor at a Southwest Portland transit station last year was sentenced to 18 months in prison for committing a bias crime.
Coronavirus/utilities update Feb. 21: 595 COVID-19 patients hospitalized; SAWS says 80% of boil notice for San Antonio lifted - KSAT San AntonioKSAT San Antonio
San Antonio Mayor Ron Nirenberg updated the community about the local response to COVID-19 and the aftermath of the winter weather in a briefing Sunday night.
Asia shares edge up as bond yields, resources steal the show By Reuters - Investing.comInvesting.com
Shares make guarded gains as bond yields, resources spike
Natick Mall mass vaccination site set to open Monday - WCVB BostonWCVB Boston
The new site will begin administering 500 doses of the COVID-19 vaccine per day, and then increase to more than 3,000 daily doses.
China regulator finalizes guidelines on banks' internet loan businesses - CNBCCNBC
The move tightened requirements on the internet loan business of commercial banks, amid heightened scrutiny of online lending by internet giants such as Ant Group.
TransferWise rebrands as Wise ahead of an expected IPO - TechCrunchTechCrunch
“Ten years in, TransferWise is now Wise,” screams the press release that landed in my in-box late last week. The fintech giant, most recently valued by private investors at $5 billion, is re-branding ahead of an expected IPO. Of course, the company doesn’t ac…
Sophisticated hackers snuck sleeper malware into nearly 30,000 Macs - The VergeThe Verge
Security researchers at Malwarebytes and Red Canary discovered a mysterious piece of malware hiding on nearly 30,000 Macs, one designed to deliver an as-yet-unknown payload, and with a self-destruction mechanism. They’re calling it Silver Sparrow.
A 139-Year-Old Victorian House Was Moved Through The Streets Of San Francisco - BuzzFeed NewsBuzzFeed News
The move drew an excited crowd of onlookers who came out to watch a truck slowly and carefully pull the historic house through the streets.
Amazon Offers $2000 “Resignation Bonuses” to Bust Union Drive in Alabama - Payday ReportPaydayreport.com
As the historic union election at Amazon in Alabama heats up, Amazon is pulling all the tricks to stop the union. In violation of Amazon's social distancing policy, Amazon has forced workers to attend anti-union meetings and sent workers constant text messag…
Guy Fieri Rolls Out New ‘Flavortown’ Ghost Kitchen Concept Across The Nation - DeadlineDeadline
Spiky-haired Food Network celebrity chef Guy Fieri is rapidly rolling out a new delivery-only restaurant chain that adopts the “ghost kitchen” concept instead of a static brick-and-mortar sit-down establishment. Fieri’s Flavortown Kitchens are operated out of…
Cargo plane's engine catches fire, dropping debris that injures two people in a Dutch town - CNNCNN
Two people were injured after pieces of a cargo plane broke off and fell onto a town in the Netherlands, according to authorities there.
Kroger becomes latest victim of third-party software data breach - Fox BusinessFox Business
The Cincinnati-based grocery and pharmacy chain said in a statement Friday that it believes less than 1% of its customers were affected — specifically some using its Health and Money Services — as well as some current and former employees because a number of …
United Airlines Flight 328: Doorbell camera captures falling jet debris - Fox NewsFox News
Shocking doorbell-camera footage captured a chunk of United Airlines’ stricken Flt. 328 slamming onto a suburban Colorado street.
McDonald’s enters the chicken sandwich wars started by Popeyes - QuartzQuartz India
The biggest name in fast food is taking on Popeyes and its internet-fueled chicken sensation.
Publix joins a growing list of grocers offering incentives for workers to get vaccinated - CNNCNN
Publix joined a growing list of US grocers and retailers offering incentives to workers who get the Covid-19 vaccine.
Third stimulus check updates today: IRS tax return, when it´s coming, how much, $600 California status | Live - AS EnglishAs.com
The latest news live on IRS tax return filing, California state stimulus check, federal stimulus checks and child tax credits Sunday 21 February 2021.
Man killed after street racer crashed into his parked car in St. Louis - KSDK.comKSDK.com
William Moore, 55, was killed after his parked car was struck by another car
Laguna Hills DMV sends woman ID card with photo of her wearing face mask - KTLA Los AngelesKTLA Los Angeles
A California woman has to retake her driver’s license photo at the DMV after her new identification card arrived with a photo of her wearing a face mask. Lesley Pilgrim, 25, says the mask protocols were strict at the DMV in Laguna Hills and she didn’t remove …
Elon Musk set up a COVID-19 antibody study at SpaceX: WSJ report - Business InsiderBusiness Insider
Elon Musk reportedly took a personal interest in the study, and asked researchers to brief himself and top SpaceX executives.
Travel’s Covid-19 Blues Are Likely Here to Stay—‘People Will Go Out of Business’ - The Wall Street JournalThe Wall Street Journal
The tourism industry, which hoped for a rebound from the pandemic in 2021, is bracing for a slower recovery
Former BoE, BoC governor Mark Carney joins Stripe board of directors - CointelegraphCointelegraph
Mark Carney, the former head of the Bank of England, has joined the board of directors at Stripe.
White House says stock-trading tax is worth studying after GameStop frenzy - CNNCNN
The White House supports studying the merits of a financial transaction tax — a move favored by progressives and despised by Wall Street — in the wake of the GameStop trading frenzy.
Pfizer vaccine stops COVID-19 spread: Israeli study | TheHill - The HillThe Hill
An Israeli study indicated Pfizer and BioNTech’s vaccine for the coronavirus was 89.4 percent eff...
Dow Jones Futures: Margin Debt Is Market Rally Warning; Bitcoin Soars, Tesla Model Y SR+ Pulled - Investor's Business DailyInvestor's Business Daily
The stock market rally held up well last week but margin debt is a growing concern. Tesla, Microsoft and Bitcoin are in focus.
Bitcoin hits fresh high - Yahoo FinanceYahoo Entertainment
Bitcoin continued gaining on Sunday, rising to a fresh high and extending a two-month rally that took its market capitalization above $1 trillion on Friday. ...
Tesla stops taking orders for the entry-level Model Y | Engadget - EngadgetEngadget
Tesla has stopped taking orders for the Model Y in Standard Range trim mere weeks after introducing it.
Tesla Model 3 Ownership Review: 2 Years, 50,000 Miles - InsideEVsInsideEVs
With the mixed reports out there about Tesla vehicle quality, battery degradation, and other concerns, how do you decide if the Model 3 is right for you?
West Peachtree to remain closed rest of week as crews work to dismantle dangling crane - WSB AtlantaWSB Atlanta
Channel 2′s Christian Jennings was in Midtown Sunday, where the crane is still dangling precariously over 13th Street and West Peachtree.
As Texas went dark, Fox News blamed windmills - CNNCNN
The majority of power outages in Texas over the past week came from losses in coal, natural gas and nuclear energy, according to the state's own energy officials. But right-wing media has zeroed in on another, far smaller culprit: wind turbines and solar ener…
Powell testifies before Congress, Airbnb and DoorDash debut earnings: What to know in the week ahead - Yahoo FinanceYahoo Entertainment
Investors this week are gearing up to hear from Federal Reserve Chair Jerome Powell in his semiannual monetary policy testimony before Congress, and to...
If COVID rules allow, Six Flags Magic Mountain aims to open in spring - Los Angeles TimesLos Angeles Times
Theme park operator Six Flags sets out a plan for a spring reopening while conceding those plans are dependent on government-issued coronavirus rules.
Texans stuck with $5,000 electric bills after winter storm need help, officials says - ReutersReuters
Texas utility regulators will temporarily ban power companies from billing customers or disconnecting them for non-payment, after the deadly winter storm that caused widespread blackouts, Governor Greg Abbott said on Sunday.
New Braunfels Utilities officials say they plan to make a ‘one-time adjustment’ to all customer bills following winter storm - KSAT San AntonioKSAT San Antonio
New Braunfels Utilities officials announced on Sunday that they plan to make a “one-time adjustment” to all customer bills following the winter storm.
Sen. Tina Smith calls for probe into natural gas price hikes during winter storms - AxiosAxios
Smith said spot prices for natural gas increased by over 100 times their typical levels.
Apple’s downtown Portland store reopens Monday after nearly nine months - OregonLiveOregonLive
Apple is among the most prominent retailers in the city’s core and its reopening could suggest downtown’s fortunes are improving as the pandemic wanes.
Bill Gates: Failure to achieve zero net emissions by 2050 will cause migration worse than Syrian crisis - Fox BusinessFox Business
Microsoft founder and philanthropist Bill Gates warned that there will be dire consequences if the world does not achieve zero net carbon emissions by the year 2050.
HSBC intensifies pivot to Asia with job moves and US exit - Financial TimesFinancial Times
Three top executives expected to swap London for Hong Kong as bank jettisons American retail business
Washington taps pastors to overcome racial divide on vaccine - Associated PressAssociated Press
WASHINGTON (AP) — Stately and deliberate, with a distinctive white streak in his black hair, the Rev. Wallace Charles Smith started his Valentine's Day sermon at Shiloh Baptist Church by talking...
Surging U.S. Yields Loom Over Emerging Markets Beholden to Fed - Yahoo FinanceYahoo Entertainment
(Bloomberg) -- Rising U.S. Treasury yields are starting to concentrate minds in the world of emerging markets.Developing-nation local-currency notes had...
Flying American Airlines and Delta Air Lines in 2021 during pandemic - Business InsiderBusiness Insider
American Airlines and Delta Air Lines have different opinions about health and safety, with one choosing to block seats and the other filling planes.
The Average Social Security Check the Year You Were Born - Yahoo FinanceYahoo Entertainment
The truth is, the Social Security checks your great grandparents might have been receiving in the 1950s were much smaller.
Texas Couple Takes in Delivery Driver For 5 Days After Her Car Got Stuck In Their Yard - Yahoo LifestyleYahoo Entertainment
The couple let her stay in their house when her vehicle got trapped on their lawn during winter storm, Uri There are good people in the world. Some of them...
Ready to Supercharge Your Passive Income? 3 Dividend Stocks You Can't Go Wrong With - Motley FoolMotley Fool
Investing in these stocks could result in hundreds or thousands of dollars in passive income.
Everything About Bitcoin - CleanTechnicaCleanTechnica
So, as we know, Tesla has now invested $1.5 billion into bitcoin and there are a lot of different opinions about that. In fact it's an entirely new discussion because never before has a company
Fight against Covid-19 variants in South Africa is lesson for world - NBC NewsNBC News
The South Africa coronavirus variant has raised fears around the world that new Covid-19 strains will render the current generation of vaccines ineffective.
Passenger recounts United Airlines flight after engine bursts into flames midair - New York PostNew York Post
When Barbara Underwood saw the fire bursting out of the plane’s starboard engine during her United Airlines flight home to Hawaii on Saturday, she could think of only one thing to do. “I turn…
Thousands of Texas electric customers will be involuntarily switched to new providers, as companies fail - KHOU.comKHOU.com
The Texas Public Utility Commission takes steps to limit exposure to some customers from the costs of this emergency.
NYC reports fewer than 1,000 vaccine doses amid winter weather shipment delays | TheHill - The HillThe Hill
New York City reported less than 1,000 doses of the Covid-19 vaccine in its possession Saturday,&...
Bexar County adds more water distribution sites to provide greater reach to residents - WOAIWOAI
SAN ANTONIO - As more residents are still in need of water, Bexar County announced it will be adding three additional water distribution sites to help residents get cases of bottled water. The County is partnering withSpurs Sports & Entertainment, the City o…
Texas grocery store loses power, lets shoppers leave with groceries - TheGrioTheGrio
The winter storm in Texas led to a power outage for a local grocery store -- they then allowed their cusomters leave without paying.
Costco begins offering coronavirus vaccines at Bay Area store - San Francisco ChronicleSan Francisco Chronicle
Costco’s pharmacy in Novato is accepting vaccination bookings from health care workers,...
Google fires another AI ethics expert and what's going on over there - MashableMashable
Google fired Margaret Mitchell following her support of Dr. Timnit Gebru, another fired Google AI ethicist.
United Airlines flight returns to airport amid reports of airplane debris in neighborhoods outside Denver - WISHTV.comWISHTV.com
(CNN) — A United Airlines flight bound for Honolulu was …
Powerball Numbers For 02/20/21, Saturday Jackpot was $78 Million - NewsweekNewsweek
Saturday night's 02/20/21 Powerball jackpot was estimated at $78 million, with a cash option of $57.1 million.
Secretary Yellen Calls for Bitcoin Safeguards in Interview - BeInCryptoBeInCrypto
Treasury Secretary Janet Yellen, in an interview with CNBC TV's Closing Bell, stated that regulation of Bitcoin must be protection-centric.
Calculating Your Stimulus Check: How Much (if Any) Will You Get? - Yahoo FinanceYahoo Entertainment
The proposed stimulus may call for $1,400 checks, but the amount your family will receive may be very different. The House Ways and Means Committee developed...
Stretched vaccine timelines re-enter the spotlight - The VergeThe Verge
Policymakers want to get as many people vaccinated as possible. One idea that’s resurfaced involves allowing more time in between the first and second doses of the two-dose COVID-19 vaccines.
Tracking more snow next week | Weather | wfmz.com - 69News WFMZ-TVWFMZ Allentown
Some of us see all snow on Monday. Other spots see snow and rain. Find out who gets what in your updated forecast.