Menu

Business Newsfeed

January

22

,

5:44 pm

Source:

United Airlines' CEO has said that he wants to require all the company's employees to get vaccinated

“Because I have confidence in the safety of the vaccine—and I recognize it’s controversial—I think the right thing to do is for United Airlines, and for other companies, to require the vaccines and to make them mandatory,” he said

American Airlines has said that they do not plan to require their employees to get vaccinated

Some other companies have offered incentives for employees who get vaccinated, including cash bonuses

Related Articles
No items found.

January

22

,

5:17 pm

Source:

Google has threatened to stop providing its search engine within Australia in response to proposed legislation there

The proposal would require tech companies to share revenue with media companies

News companies have lobbied for the change, as Google and the social media giants have devoured their advertising revenue. Tech and media companies would have to agree to a price to share their content

12.5% of Google searches in Australia are for news. Google has said it would shut down its search engine in response, and the case is seen as a test of how countries can regulate Big Tech

Related Articles
No items found.

January

22

,

12:31 am

Source:

The Washington State government has turned to major companies located there to help increase vaccine distribution

Washington is lagging, having vaccinated just 4.9% of its population, versus 5.6% nationally

The government has asked the major corporations based there to help improve distribution, including Starbucks, Costco, and Microsoft

Yesterday, Seattle-based Amazon announced it would set up a vaccine pop-up to inoculate 2,000 people

Related Articles
No items found.

January

22

,

12:06 am

Source:

Newly released government data has shed light on how badly Trump's businesses were affected by the coronavirus

The documents showed the Trump businesses' revenue down 60%, from 446M in 2019 to 278M last year

Revenue at Mar-a-Lago, Trump's Florida club and new home, was a bright spot, jumping 13%

Some businesses have said they would terminate relationships with Trump businesses because of the Capitol riot, including the PGA, whose 2022 championship was scheduled for a Trump golf course

Related Articles
No items found.

January

22

,

12:00 am

Source:

Jamie Dimon, the CEO of JP Morgan Chase, the world's most valuable bank, made $31.5M in 2020

That broke down into a $1.5M salary, a $5M cash bonus, and $25M in stock linked to company performance. Dimon is a billionaire

Dimon has been spoken loudly against inequality, saying, it "bifurcated the economy”

Since becoming CEO in December 2005, the bank's market cap has more than tripled

Related Articles
No items found.

January

21

,

11:52 pm

Source:

Bitcoin's rough start to 2021 continued, with the cryptocurrency dropping 17% yesterday

The drop wiped $100B off total Bitcoin value. Its price is down 40% since its $42k peak earlier this month

Ether, the second-most popular crypto, dropped 22% yesterday and is down 27% on the week

One theory is that concerns about crypto regulation are driving the dip. Biden's pick for FTC head taught about cryptos at MIT

Related Articles
No items found.

January

20

,

11:22 pm

Source:

The Dow, Nasdaq, and S&P 500 all ended the day at record highs after surging along with Biden's inauguration

For the Nasdaq, it was the best-ever inauguration day. For the Dow and S&P, it was the best inauguration day since Reagan

The worst-ever inauguration day was Obama's in 2009, when the S&P 500 dropped over 5% and the Nasdaq nearly 6%

The best-ever inauguration day was FDR's in 1933, when the S&P 500 jumped over 3%

Related Articles
No items found.

January

20

,

10:46 pm

Source:

Jack Ma is back, after rumors about his location and well-being swirled following months out of the public eye

The Alibaba founder spoke via virtual conference to a group of 100 teachers in rural China

Toward the end of 2020, Ma clashed with the Chinese government, prompting it to cancel the IPO of his company, Ant Financial

Ma had not been seen since an event in October. Shares of Alibaba jumped 5% on the news

Related Articles
No items found.

January

19

,

1:30 pm

Source:

A brawl broke out at a Spirit Airlines gate at the Detroit Metro Airport

2 Spirit employees were blocking passengers from boarding until they made sure their carry-on bags were the proper size, prompting 3 passengers to assault them

The fight was caught on camera. The 2 employees were injured, with 1 ending up in the hospital

Imagine what the passengers would have done on the plane when they realized how little leg room they would have had....

Related Articles
No items found.

January

18

,

1:30 am

Source:

Facebook-owned WhatsApp delayed a major update after a backlash over privacy concerns prompted millions of people to download competitor apps Signal and Telegram

WhatsApp is an encrypted messaging service, which many users use as a secure private messaging platform

The update would allow businesses on WhatsApp to use Facebook technology to store conversations with customers

Users are concerned that this will compromise the security of their WhatsApp conversations, although Facebook says that's not true because conversations will remain encrypted

Related Articles
No items found.

January

18

,

1:03 am

Source:

Conservative social media platform Parler's website is back online, a week after Amazon Web Service suspended the platform's web hosting

“Now seems like the right time to remind you all — both lovers and haters — why we started this platform,” a post by the platform's CEO read

Parler sued Amazon in an antitrust suit, alleging it worked with other Big Tech companies to crush Parler in an anti-competitive way

The Parler app is still off the Google Play Store and Apple App Store

Related Articles
No items found.

January

15

,

5:19 pm

Source:

Bartenders in Brooklyn are collaborating on a sexy 2021 calendar to make up for lost revenue because of the pandemic

The "Bushwick Bar Babes of 2021" calendar is selling for $20.21 and being printed in New York City

NYC has been particularly hard hit, both by the virus and economic collapse

It was the hardest-hit city at the start of the pandemic, and restrictions have forced restaurants to ban all indoor and outdoor dining

Related Articles
No items found.

Recent Articles

Recent Stories

Recent Articles

January

22

,

5:48 pm

Source:

Texas has sued the Biden Administration just 2 days after it took over the White House

The Administration put a 100-day pause on most deportations, halting policies put in place by the Trump Administration

In Trump's final days in office, the Department of Homeland Security agreed to give states 6 months notice before changing federal immigration policy

This is likely to be the first of many clashes between Republican states and the Biden administration over immigratino policy

January

22

,

5:41 pm

Source:

Of the about 26,000 National Guard troops deployed to DC for the inauguration, at least 200 have since tested positive for Covid

The Guardsmen were often living and working in close quarters during their days in the nation's capital

Several days ago, there were criticisms after it emerged that troops were forced to take breaks and sleep in parking garages, instead of indoor areas

7,000 Guardsmen are remaining in DC until the end of January, in the event of any further unrest

January

22

,

5:38 pm

Source:

A preliminary study out of the UK has shown that the more-viral coronavirus strain originating there is more deadly than the most-common variant

UK PM Boris Johnson said that an initial conclusion suggested it was 30-40% more fatal

The good news is that another study from this week suggested that the Pfizer vaccine will remain as effective against this mutation as the standard variant

The data showing a higher death rate is highly uncertain, and further research needs to be done before reaching a definitive conclusion

January

22

,

5:35 pm

Source:

Hank Aaron, one of baseball's greats and a civil rights leader, died on Friday at age 86

Aaron broke Babe Ruth's home run records and held that record for decades. He was black, and subject to frequent death threats and verbal attacks

Muhammad Ali famously called Aaron “the only man I idolize more than myself,” and he is considered to be a civil rights and sports icon for generations of Americans

Aaron has records of 2,297 RBIs, 6,856 total bases, and 1,477 extra-base hits. He spent most of his career on the Braves

January

22

,

5:31 pm

Source:

Speaker Pelosi said she would send the articles of impeachment to the Senate on Monday, kicking off Trump's second impeachment hearing

“It will be a full trial, it will be a fair trial,” said the new Senate Majority Leader Chuck Schumer

Now-Senate Minority Leader McConnell had asked that they wait until Jan 28, in order to give Trump time to prepare and time for the Senate to conduct hearings for Biden's appointees

“The sequel cannot be an insufficient Senate process that denies former President Trump due process or damages the Senate or the presidency itself,” McConnell said

January

22

,

5:28 pm

Source:

A Boston attorney who made it on People Magazine's 2001 top-bachelor list has been accused of rape by 2 women

The man allegedly raped a woman earlier this month while out on bail for another 2016 rape charge

This time, he is being held in custody

Also on the Top 50 Bachelors list he appeared on were superstars, including Ben Affleck, Matt Damon and Benicio del Toro

January

22

,

5:24 pm

Source:

A mother in Australia was confused after consistently finding this left out of place in her home

Her security system was disabled, chicken nuggets left out, and more

Upon closer inspection and after calling the police, she discovered a secret hatch that had been used for someone to sneak into the attic

She told an Australian paper she felt she had failed to protect her kids, and asked, “What has this person been doing in my house when I’m not home?"

January

22

,

5:21 pm

Source:

Ayatollah Khameinei's twitter and website shared an image that implied a threat to kill President Trump

The picture showed a bomber jet flying over Trump, golfing on the ground below

"Soleimani's murderer and he who ordered it will have to pay," it said, in reference to the Iranian general Qassem Soleimani, killed in a US drone strike last year

Twitter banned the original account after 17 hours, but was criticized for allowing this tweet just weeks after it banned President Trump

The Current