Money


Facebook boycott leaders `disappointed` after meeting with CEO Zuckerberg Facebook boycott leaders `disappointed` after meeting with CEO Zuckerberg
- July 08, 2020

The civil right groups leaders in the United States were left disappointed after meeting Facebook CEO Mark Zuckerberg and COO Sheryl Sandberg over their concerns related to the spread of hateful content on their platforms. The company has also highlighted a voter registration initiative through which it hopes to register 4 million voters before the 2020 election. Facebook has defended its policies around hate speech and misinformation, amid a massive advertiser boycott. (more...)
Blackout Day 2020: How to Support the Blackout Day Boycott Blackout Day 2020: How to Support the Blackout Day Boycott
- July 08, 2020

Started by social media personality/activist Calvin Martyr , Black Out Day is the day when black people are urged to NOT SPEND A DIME to prove our economic power. The nation's largest Black-owned bank, OneUnited Bank, said in a statement that it supports Blackout Day 2020 . If you're hoping to discover a new favorite, you can read on for a look at STYLECASTER's Black-owned business roundups and discover a myriad of incredible companies. (more...)
Closing Bell 7/6/20: U.S. Stocks Grab the Baton From China Closing Bell 7/6/20: U.S. Stocks Grab the Baton From China
- July 08, 2020

Equity bourses in London, Paris and Frankfurt fell 1% or more, while stocks fell far less on Wall Street, with the Nasdaq trading flat to slightly higher. US gold futures settled up 0.2% at $1,793.50 per ounce. The euro zone economy will drop into a deeper recession this year than previously expected and take longer to rebound, the European Commission forecast. (more...)
Supermarkets Drop Coconut Products As Investigation Exposes Monkey Labor Supermarkets Drop Coconut Products As Investigation Exposes Monkey Labor
- July 07, 2020

Retail group Ahold Delhaize will no longer sell coconut products sourced from suppliers that use monkey labor at its 2,000 stores and distribution centers in the U.S. Male monkeys are able to pick up to 1,000 coconuts a day, Peta says. To earn more money off these animals, some trainers also force them to participate in circus-style shows in which they entertain paying visitors by riding bicycles, throwing basketballs, and performing other confusing and demeaning tricks. (more...)
Work from home is Twitter’s new normal forever
- July 07, 2020

After Google and Facebook, who recently announced that some of its employees will be able to work from home until the end of 2020 , another US giant is taking a similar measure. This has become a pattern within other major tech companies which have introduced new work from home policies. "This donation will support food security, housing access, and small business and worker support programs for undocumented, mixed status, and low-income San Franciscans ", she wrote in a tweet thanking ... (more...)
European Union forecast: Denmark second best economy in Coronavirus Crisis European Union forecast: Denmark second best economy in Coronavirus Crisis
- July 07, 2020

Risks to the UK economy were "predominantly to the downside", the commission said, because its forecast is based on the current UK-EU trading relationship, which ends on 31 December 2020. He urged European Union member states to come to a "swift agreement" on the coronavirus recovery fund proposal that is now on the table "to inject both new confidence and new financing into our economies at this critical time". (more...)
Ford revives Bronco brand, aims at Jeep's big off-road sales Ford revives Bronco brand, aims at Jeep's big off-road sales
- July 07, 2020

In the meantime, Ford is introducing the "all-new Bronco brand" which will include off-road driving schools in the United States, new "Built Wild" DNA, and a new community for enthusiasts. As for Built Wild Innovative Design, Broncos "are the future of off-roading and deliver off-road ingenuity, new design innovations coupled with heritage-inspired DNA, plus new-levels of personalisation that can flatter the novice and challenge the expert adventure seeker". (more...)
European Union willing to allow United Kingdom to break from Common Fisheries Policy European Union willing to allow United Kingdom to break from Common Fisheries Policy
- July 06, 2020

The two sides are trying to thrash out a trade deal before Britain's final split with the bloc at the year-end. In recent weeks, European Union officials had hinted that their position requiring the United Kingdom to stick to European Union state aid rules and social and environmental standards, and keep to the provisions of the Common Fisheries Policy could be softened in return for compromise from the United Kingdom side. (more...)
Who wears short shorts? Elon Musk pokes fun at Tesla's naysayers Who wears short shorts? Elon Musk pokes fun at Tesla's naysayers
- July 06, 2020

The "shorts sale" isn't the first time Musk has taken a jab at short-sellers. The price is listed as $69.420 on the Tesla website and have the word "S3XY" written on the back - a probable reference to name of Tesla's cars . After surpassing Toyota Motor Corp as the world's most valuable automaker and stunning with forecast-beating deliveries, Tesla Inc has taken time out to poke fun at the company's naysayers - with sales of red satin shorts. (more...)
The stakes of the Atlantic Coast Pipeline's demise The stakes of the Atlantic Coast Pipeline's demise
- July 06, 2020

Opponents also questioned whether there was sufficient need for the gas it would carry and said it would further encourage the use of a fossil fuel at a time when climate change makes a shift to renewable energy imperative. The transaction was valued at $9.7 billion, the company said. That's the rules. After generating a whole lotta headlines for doing a whole lotta nothing , yesterday the legendary investor's company, Berkshire Hathaway, said it's acquiring natural gas assets of ... (more...)
Uber to acquire Postmates in $2.65B deal
- July 06, 2020

Uber Eats head Pierre-Dimitri Gore-Coty is expected to continue to run Uber's combined delivery business, according to a person who asked not to be identified discussing a private deal. The move for Postmates comes on the heels of Uber's failed bid to acquire publicly traded GrubHub Inc ., which was scooped up by Europe's Just Eat Takeaway.com NV for $7.3 billion. (more...)
Pubs and restaurants reopen in England as lockdown eased - global Pubs and restaurants reopen in England as lockdown eased - global
- July 06, 2020

Pubs and restaurants were allowed to start seating clients and barbers could get their clippers out for the first time since March. "As long as everyone's keeping their distance, we're going to have a few drinks and just enjoy it and try and get back to a bit of normality", he said . (more...)
Elon Musk mocks regulators, short-sellers as Tesla soars Elon Musk mocks regulators, short-sellers as Tesla soars
- July 06, 2020

Of the automobiles sold, 80,050 were being Product 3 sedans and Design Y SUVs, whilst the relaxation were being their prime-of-the-line Product S and X automobiles. In the message to Tesla's roughly 48,000 workers, Musk wrote that it "really makes a difference for every vehicle you build and deliver". Despite these setbacks - partly caused by production interruptions across the world amid the Covid-19 pandemic, Tesla remained optimistic about its production figures for the rest of the year. (more...)
California firm's rocket fails in launch from New Zealand California firm's rocket fails in launch from New Zealand
- July 06, 2020

Rocket Lab was planning on launching a cannon into space in what was essentially its 13th mission. "We won't put another vehicle in the sky until we're really, really happy and we've got thousands of channels of data to trawl through to figure out root cause". (more...)
Several companies saying they're boycotting Facebook ads are running ads on Facebook Several companies saying they're boycotting Facebook ads are running ads on Facebook
- July 05, 2020

Clif Bar, which operates a plant in Twin Falls, said in a statement that it stands with those fighting to uphold the civil rights of Black Americans. The famously headstrong founder - who in 2018 told lieutenants that Facebook was at "war" with critics - may have intended his remarks as a message to advertisers, given the predictable frequency of leaks from employee meetings over the past year. (more...)
Million Jobs Added in June, Unemployment Drops to 11.1 Percent Million Jobs Added in June, Unemployment Drops to 11.1 Percent
- July 05, 2020

About 4.8 million jobs were added in June, while the number of workers listed as being on temporary lay-offs fell by 4.8 million to 10.6 million. "June may be the calm before the storm", said Chris Rupkey, chief economist at MUFG in NY. (more...)
Virus-hammered Air France announces 7,500 job cuts Virus-hammered Air France announces 7,500 job cuts
- July 05, 2020

Air France met with personnel representatives yesterday to discuss thousands of job cuts after the virus pandemic grounded most flights and darkened prospects for future air travel. Union associates and staff members staged protests at many web-sites across France on Friday, like exterior the firm's workplaces in the vicinity of Roissy-Charles de Gaulle airport. (more...)
Ontario reports fewest number of new coronavirus case in over a week Ontario reports fewest number of new coronavirus case in over a week
- July 05, 2020

Another 21 new cases, meanwhile, were in Windsor-Essex where the province continues to conduct targeted testing on temporary farm workers. "Locally, 29 of Ontario's 34 [public health units] are reporting five or fewer cases, with 16 of them reporting no new cases". (more...)
Dead, 4 Hurt After Shooting at Walmart Center in CA Dead, 4 Hurt After Shooting at Walmart Center in CA
- July 05, 2020

The suspect had been shot in the chest by around 3:45 p.m., dispatchers told the newspaper. At least four who were injured were receiving care at St. Vince Krick told Record Searchlight that the shooting started just as a group of workers was scheduled to start their shift. He crashed his vehicle into the lobby area, causing a fire, where a few employees were working. (more...)
How major United States stock indexes fared Tuesday How major United States stock indexes fared Tuesday
- July 05, 2020

USA employers added 4.8 million jobs to their payrolls in June , the second straight month of job growth. About 20 minutes after the opening bell, the Dow Jones Industrial Average was up 1.7 percent or more than 420 points at 26,162.66. (more...)

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