2020-09-29@22:31:00 GMT
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    Sanjay Mehrota, CEO, MicronScott Mlyn | CNBC Check out the companies making headlines after-hours Tuesday: Regeneron Pharmaceuticals — The pharmaceutical company said trial data for its coronavirus antibody cocktail showed it reduced "viral levels and improved symptoms in non-hospitalized COVID-19 patients." Regeneron shares were halted in after-hours trading. Micron Technology — Micron shares rose more than 1% in after-hours trading after the chip maker reported quarterly results that beat analyst expectations. The company posted a profit of $1.08 per share on revenue of $6.06 billion. Analysts expected earnings per share of $5.89 billion. Micron also issued stronger-than-forecast earnings guidance for the current fiscal quarter. Sherwin-Williams — Shares of Sherwin-Williams gained 1% after the bell on the back of stronger-than-expected sales...
    As documented by Fightful, Roman Reigns was a guest on the latest episode of Complex‘s Load Management podcast, and he discussed some of his potential opponents down the line. CM Punk’s name was brought up during the conversation, which led to the “The Big Dog” sharing his real thoughts about the former superstar. According to Reigns, Punk made his job “a lot harder” in the past. While he’s open to facing “The Straight Edge Superstar” in the squared circle, he revealed that the confrontation could get heated. “If it’s something the fans can get behind and sink their teeth into the product and dive into the creative with us, I’m willing to do it. I don’t like the guy, I...
    2020 has been a year like no other as we all face the challenges of a global pandemic, social justice crisis and economic instability. These challenges are creating new barriers to voting as we head into the 2020 elections. It’s never been more important for businesses to empower employees to be involved in the election process and have their voices heard through voting.  Business should not be a barrier to voting Voter turnout in U.S. national elections is much lower than most established democracies, with about 60 percent of the voting-eligible population turning out in presidential election years. When people are asked about barriers to voting, the overwhelming majority cites work and school schedule conflicts. Business leaders can join together...
    Though we’ve gotten to see a little of the gameplay in Assassin’s Creed Valhalla, Ubisoft’s new story trailer includes the most significant amount of plot details yet. The trailer, which only features the male version of the protagonist Eivor, introduces the lead character’s brother Sigurd, as well as members of the Assassin’s Order. It’s Sigurd who prompts Eivor and the rest of the clan to expand into Britain, facing many enemies along the way. A new character also mentions “a darkness unseen, an unknowable threat” that is bound to England’s destiny, hinting at the more science fiction-y aspects of the Assassin’s Creed games. The new look at the game follows several controversies at Ubisoft, including the firing of Ashraf Ismail,...
    New York (CNN Business)When the coronavirus started spreading in the United States in March, Best Buy chief executive Corie Barry moved quickly. Barry made the decision to voluntarily close the company's 1,000 stores across the country, putting it at a major disadvantage as consumers flocked to other chains that sold electronics like Walmart and Costco, or ordered online from Amazon. Barry could have kept stores open in some areas where Best Buy (BBY) was considered an essential business because it sold products that allowed people to work and go to school from home. But customers and employees were scared, she said in an interview, and the company had "very little real empirical data about how to keep people safe."It was...
    NYC reports uptick in virus positivity rate 6 Recent Changes at the Grocery Store You Need to Know About Stocks making the biggest moves midday: Beyond Meat, United Airlines, JPMorgan, Penn National Gaming and more Check out the companies making headlines in midday trading. © Provided by CNBC Ethan Brown, founder and chief executive officer of Beyond Meat, center, celebrates with his wife Tracy Brown, center left, and guests during the company's initial public offering (IPO) at the Nasdaq MarketSite in New York, on Thursday, May 2, 2019. Beyond Meat — Shares of the alternative meat maker jumped more than 11% after the company announced an expansion of its Walmart distribution deal. Beginning next week, Beyond Meat's products will be...
    Two women have filed sexual assault complaints against Nikola founder Trevor Milton claiming he groped them when they were 15 and then 'boasted about it to a friend'. Milton's cousin Aubrey Ferrin Smith, now 36, and an unidentified woman, who is now a 32-year-old lawyer, both formally accused the 38-year-old entrepreneur of sexually assaulting them when they were teenagers in complaints filed with Utah authorities last week. Ferrin Smith accused Milton of groping her breasts at her grandfather's funeral when she was 15 and he was 17. The other alleged victim, who has spoken out for the first time, claimed he penetrated her vagina with his fingers when she was his 15-year-old office assistant and he was her 22-year-old boss in the...
    MAS successfully achieved original commitment to the Universal Access Project of the UN Foundation (UNF), of providing health and well being, education and services to 10,000 employees ahead of the 2021 deadline. A group activity from the “Train the Trainer” programme on women’s health for MAS associates. A group activity from the “Train the Trainer” programme on women’s health for MAS associates. A community awareness programme addressing the underlying causes of domestic and gender-based violence. A community awareness programme addressing the underlying causes of domestic and gender-based violence. Sri Lanka, Sept. 29, 2020 (GLOBE NEWSWIRE) — Colombo, Sri Lanka – September 29, 2020: MAS Holdings, the largest and leading design-to-delivery apparel solutions provider in South Asia renewed its commitment today...
    A Starbucks employee in Houston has been fired after scrawling the message “defund the police” on a customer’s order, according to a report. Photos of the three drinks — which had labels bearing the message — were posted on Facebook Sunday by Raseac Eibbed, who said her ex-husband had purchased the beverages from a Starbucks on Interstate 10 and Kirkwood Road. Eibbed said that she called the manager to complain about the incident, but that the woman “acted like she couldn’t careless [sic].” “This s–t has to stop. We can’t even get a cup of coffee without worrying about being poisoned or worse,” Eibbed wrote. It’s unclear what prompted the message since Eibbed’s ex-husband doesn’t work in law enforcement and...
    Billie Her, a warehouse associate, wraps plastic around a pallet of boxes at Amazon's Fulfillment Center in Thornton, Colorado.Helen H. Richardson| The Denver Post | Getty Images The coronavirus pandemic has not only killed more than 1 million people around the world. It's also devastated the global economy, brought industries to a complete standstill, spurred mass layoffs and, in the case of retail, accelerated the slow-moving demise of already ailing department store chains. Amazon is one of the few exceptions. The e-commerce giant, with its seemingly endless selection and drive to deliver convenience and low prices, became the default retailer and an essential service for many consumers at the height of the coronavirus crisis. Facing store closures and empty shelves, shoppers...
    Arcwave says that the product has been in testing for more than two years, with a 100-strong panel of testers involved. The company reports orgasms that are more intense than before, with more variability in heart rate and testers saying it’s a vastly different experience. Having tried the Arcwave, I can agree, it produces a very different type of orgasm, unlike anything I’ve ever experienced.  The device is long and thin and splits apart in the middle for easy cleaning. On the top, there’s a silicone sleeve designed to hold you close to the hardware. Below, you have a long thin cylinder (with one flat side) and the air channel, a little bit like a Womanizer, in fact. Twist the...
    VIDEO1:2801:28News Update – Pre-MarketsNews Briefing Take a look at some of the biggest movers in the premarket: IHS Markit (INFO) – The financial information and analytics provider earned 77 cents per share for its latest quarter, 8 cents a share above estimates. Revenue was in line with forecasts. The company said it is seeing recovery at "varying speeds" in the markets it serves. McCormick (MKC) – The spice maker came in one cent a share ahead of estimates, with quarterly earnings of $1.53 per share. Revenue also came in above Wall Street projections. McCormick saw strong growth in its consumer segment, although that was offset by lower demand in its restaurant and foodservice business. The company is projecting fiscal 2020...
    Hong Kong (CNN Business)"The Apprentice" didn't just give US President Donald Trump a platform. It threw him a financial "lifeline," according to the New York Times.In a new report Monday, the newspaper laid out how Trump's career was transformed by the hit reality show on NBC, which turned him into a household name, helped him earn hundreds of millions of dollars, and opened the doors to major licensing deals.9 key takeaways about Trump Inc. from the New York Times reportThe report is the latest installment in a series from the Times based on the deepest dive yet into the US president's finances. The newspaper has cited detailed tax records that reveal how Trump paid little or no federal income taxes...
    Eli Wolfe - Alexandra Tempus September 29, 2020 8:28AM (UTC) This piece originally appeared on FairWarning. When officials at the Environmental Protection Agency began investigating Freedom Performance, LLC, they didn't have to look very hard for evidence that the company was violating the Clean Air Act. According to legal documents, the Florida car parts distributor literally advertised violations on its website.  "The road to hell is often paved with good intentions," stated one ad for a kit to remove federally-required emissions controls from diesel trucks. It identified a particular emissions control system that "is certainly noble in its intent," but "in reality it is putting your engine through hell … The best solution is deletion."  : According to the EPA,...
    NEWPORT BEACH (CBSLA) — Demand for an Orange County-based e-bike company has been skyrocketing during the coronavirus pandemic. “We’ve hired about four times more than what we started the year with,” said Sean Lupton-Smith of Electric Bike Company. “COVID-19 has in fact, almost helped our business because more people want to get outside. They want to get exercise. They want to go together as a family.” Instead of shutting down at the start of the pandemic nearly six months ago, Lupton-Smith’s team decided to have everyone work separate eight-hour shifts around the clock. Pre-coronavirus, he built and sold 50 bikes each week. Now, he’s building, packing and shipping 150 custom electric bicycles per week. Customers can design bikes to suit...
    A federal judge on Sunday postponed a Trump administration order that would have banned the popular video sharing app TikTok from U.S. smartphone app stores. A more comprehensive ban remains scheduled for November, about a week after the presidential election. But the judge, Carl Nichols of the U.S District Court for the District of Columbia, cast doubt on the government’s argument that TikTok is a national security threat because of its ties to China. The ruling followed an emergency hearing Sunday morning — hours before the app-store ban was set to take effect — in which lawyers for the Chinese-owned app argued that the ban would infringe on First Amendment rights and do irreparable harm to the business. Here...
    By MATT O'BRIEN, AP Technology Writer A federal judge on Sunday postponed a Trump administration order that would have banned the popular video sharing app TikTok from U.S. smartphone app stores. A more comprehensive ban remains scheduled for November, about a week after the presidential election. But the judge, Carl Nichols of the U.S District Court for the District of Columbia, cast doubt on the government's argument that TikTok is a national security threat because of its ties to China. The ruling followed an emergency hearing Sunday morning — hours before the app-store ban was set to take effect — in which lawyers for the Chinese-owned app argued that the ban would infringe on First Amendment rights and do irreparable...
    Evan Spiegel, co-founder and chief executive officer of Snap Inc., speaks during the New Work Summit in Half Moon Bay, California, U.S., on Monday, Feb. 25, 2019.David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines midday Monday: Devon Energy, WPX Energy — Shares of Devon jumped 9% while WPX gained 13% after the two companies announced their intention to merge. The all-stock transaction gives the combined company, which will retain Devon's name, an enterprise value of roughly $12 billion. Cleveland-Cliffs, ArcelorMittal —Shares of the two mining companies jumped 9.3% and 10.5%, respectively, after Cleveland-Cliffs agreed to buy ArcelorMittal's U.S. operations for $1.4 billion. The deal, which is expected to close in the fourth quarter of...
    Sir Richard Branson poses on floor of New York Stock Exchange (NYSE) with Future Virgin Galactic space traveller Jennifer Rallison from Canada as Virgin Galactic (SPCE) began public trading in New York, October 28, 2019.Brendan McDermid | Reuters Shares of Virgin Galactic surged as much as 22% in trading Monday after Wall Street firms continued to set higher expectations for the space tourism stock. The stock jump came after Bank of America and Susquehanna began coverage of Virgin Galactic. Notably, the two firms join six others in recommending Virgin Galactic's stock to investors, giving the company the eight Wall Street buy ratings – and zero to hold or sell. "No company in our coverage universe has anywhere near comparable growth...
    London (CNN Business)British apparel-maker Fred Perry has pulled a polo shirt from the US market after it became associated with the far-right group the Proud Boys.Fred Perry said in a statement last week that it stopped selling one of its signature black and yellow shirts in the US a year ago because it had become popular among members of the group."Despite its lineage, we have seen that the Black/Yellow/Yellow twin tipped shirt is taking on a new and very different meaning in North America as a result of its association with the Proud Boys. That association is something we must do our best to end," the brand said in its statement.It said sales of the shirt won't resume in the...
    Many companies have opted for salary reductions instead of job cuts as a more equitable way to offset coronavirus-related revenue losses — but in the D.C. region, that could send a company’s best employees heading for the door. According to staffing firm Robert Half, of those hiring managers in the D.C. area who have seen employees leave in recent months, 24% said it was a direct result of a pay cut or salary freeze. For many, working from home during the pandemic has actually made it easier to keep a finger on the pulse of their respective career job opportunities. “People are just now able to be a little more savvy when it comes to searching for jobs, being that...
    32 things we learned from Week 3 of the 2020 NFL season I joined Costco. Heres what I wasnt expecting 3 Signs a Roth IRA Is the Wrong Home for Your Retirement Savings Outside of workplace retirement accounts, a Roth IRA is one of the most popular places to stash your retirement savings. Its benefits are many: Most people can open one with any bank or brokerage they want, you get tax-free withdrawals in retirement, and the government won't force you to take money out before you're ready. Plus, depending on what you invest in, it could be a lot more affordable than using your company's 401(k). © Provided by The Motley Fool 3 Signs a Roth IRA Is...
    A multi-million dollar luxury apartment complex has been proposed for the state's largest mall with proponents saying that the development will save the mall from its continual economic downturn. Developers with the Connecticut Post Mall in Milford pitched the idea to city officials, "Failure to allow this first-class investment will prevent the mall from stabilizing and could be the end of the property as an enclosed mall," officials said in its plans to the city of Milford, according to Patch. "Failure to invest now could cause the property to be one of the malls that does not survive the shakeout." The proposed 300-unit apartment complex for the mall at 1201 Boston Post Road, which would be built in the southeast corner...
    VIDEO0:5900:59Markets set for a positive openMorning Report Check out the companies making headlines in the premarket Monday: Caesars Entertainment, William Hill — Shares of Caesar's were up more than 6% after the casino operator disclosed a cash offer of 2.9 billion pounds to buy London-based sports betting site William Hill. London-listed William Hill shares dropped more than 10%. Snap, Spotify — An analyst at Guggenheim upgraded Snap to "buy" from "neutral," and Spotify from "sell" to "neutral." "Over the next 12 months, we expect the valuation scale will be tipped in favor of software, and as such, we view current software multiples as upside targets for our internet coverage," the analyst said in a note. Both Snap and Spotify were...
    London (CNN Business)Amazon (AMZN) has fired the starting gun for a hugely important shopping season, with retailers racing to make up as many lost sales as possible between now and the end of the year.What's happening: Amazon said Monday that it will host its annual Prime Day on October 13 and 14. The sales event, which normally takes place in mid-July, had been postponed because of the pandemic.Prime Day is Amazon's version of Christmas in the summer, and sales routinely outpace Black Friday. Coming in just before the holiday shopping season, it could help propel the company to a blockbuster fourth quarter, while encouraging other retailers to offer October promotions, too. Investor insight: Amazon has thrived during the pandemic as...
    A close up image of a CPU socket and motherboard laying on the table.Narumon Bowonkitwanchai | Moment | Getty Images GUANGZHOU, China — The U.S. government has reportedly imposed restrictions on exports to SMIC, China's biggest chip manufacturer, a move that threatens Beijing's push to become more self-reliant in one of the most critical areas of technology. Suppliers for certain equipment to SMIC will need to apply for an export license, according to a letter sent to companies by the U.S. Department of Commerce, reported by several media outlets. The commerce department claims there is "unacceptable risk" that equipment sold to SMIC may be diverted to "military end use." The move threatens to hit at the heart of China's plans to...
    Her dazzling, distinctive creations have made her the favourite dress designer of the Duchess of Cambridge. But despite a glittering roster of clients also including A-list film stars, Alice Temperley has seen her fashion company rack up losses of £25million, accounts reveal. The eye-watering amount is a brutal blow for the elite designer whose iconic flowing frocks have been worn by Scarlett Johansson, Emma Watson and Keira Knightley. Her dazzling, distinctive creations have made her the favourite dress designer of the Duchess of Cambridge (pictured)  Alice Temperley famously designed Pippa Middleton's emerald green gowns for the Duchess of Cambridge's wedding reception in 2011.  The slinky dress captured the world's attention with its plunging neckline and silk, full-length shape. In...
    Kazakh Lutsenko out of worlds with coronavirus The Personality of a Libra, Explained Googles CEO says the future of work involves a hybrid model and that the company is already reconfiguring its offices for employee on-sites © Provided by Business Insider Google CEO Sundar Pichai. REUTERS/Stephen Lam Google CEO Sundar Pichai said the company is "reconfiguring" its offices amid a more permanent shift to working from home.  Pichai discussed the future of work at Google during an interview for Time 100 this week.  While he doesn't see working in the office going away altogether, he described the office as a space for "on-sites" — presumably, days where employees, who mostly work from home, gather in the office.  Pichai...
    Tsitsipas to face Garin in Hamburg semis 50 set-it-and-forget-it slow cooker meals 5 Best Stocks in the S&P 500 This Week: Twitter Flies High © TheStreet 5 Best Stocks in the S&P 500 This Week: Twitter Flies High The S&P 500 ended the week slightly up as tech stocks helped offset a lot of the concern investors have about the lack of a stimulus package and the ongoing issues many are facing during the coronavirus pandemic. Here are some of the best stocks in the S&P 500 for this week by their performance in percentage change at the close of trading on Friday. 1. Twitter Inc. | Increased +9.17% On Thursday, Twitter announced that it plans to...
    Getty A statement from Fred Perry clothing has disassociated the brand from the Proud Boys. The company said they discontinued their black and yellow polo shirts in the United States in 2019. The September 2020 press release read in part, “It is incredibly frustrating that this group has appropriated our Black/Yellow/Yellow twin tipped shirt and subverted our Laurel Wreath to their own ends.” The statement went on to say that the company is working with its lawyers to prevent further “unlawful” use of their branding. The company reiterated its stance in discontinuing the sale of “the Black/Yellow/Yellow twin tipped shirt” in the United States and Canada until the company is “satisfied” that the association with the Proud Boys...
    There's an emerging industry thought to be only science fiction not too long ago that's close to becoming a reality: space tourism.  And a handful of companies – including one publicly traded name – are competing neck and neck to be leaders in the emerging market. But what space tourism entails, and how much it costs per person, varies greatly depending on a company's technological capabilities.  For example, both Virgin Galactic and SpaceX expect to fly private paying passengers to space next year. But, while passengers flying with both companies would go to space by the Federal Aviation Administration's definition, a Virgin Galactic passenger spends about 0.04% as much time in space as on a SpaceX trip, while a ride with Elon Musk's company...
    In February, Chinese electric vehicle company Polestar revealed a gorgeous sedan concept called the Precept that featured a stunning design along with an interior chock-full of sustainable material. But as with most concepts, it wasn’t clear whether the Precept would ever be a real car. Today, Polestar sweeps away that uncertainty by announcing that the seductive sedan will indeed be going into production. Polestar started out as the performance sub-brand of Volvo and now has emerged as one of the more interesting Chinese EV companies on the market. The company, which is jointly owned by Volvo and Volvo’s parent company Geely, recently started delivering the Polestar 2, its electric sedan with native Android Automotive, to customers in Europe and...
    (CNN)The Doobie Brothers claim actor Bill Murray has been using one of their songs without permission to sell "ugly" golf shirts and they want the actor to pay up.In a Wednesday letter to Murray and William Murray Golf -- owned by the actor and his brothers -- the band's attorney, Peter Paterno, accused the company and the actor of using the band's song "Listen to the Music" in commercials for the company's "Zero Hucks Given" golf shirts."However, given that you haven't paid to use it, maybe you should change the company name to 'Zero Bucks Given,'" the letter reads. The letter goes on to cite the US Copyright Act, and says Murray should "already know you can't use music in...
    Japans new prime minister vows to host Olympics next year The Biggest Misconceptions About Autism Spectrum Disorder Cramer recommends Palantir at the right price, but says its governance is most egregious since WeWork CNBC's Jim Cramer said he hesitates to give Palantir's stock "a full-throated endorsement" ahead of its expected direct listing next week. The "Mad Money" host said the data software company has solid financials, but he expressed reservations about its corporate governance.  "If you can get Palantir for around $10, or ideally less on a pullback, you've got my blessing to buy it," he said. Cramer says Palantirs financials look good ahead of NYSE debut, but he has governance concerns CNBC See more videos SHARE...
    VIDEO2:4102:41Cramer says Palantir's financials 'look good,' but he has governance concernsMad Money with Jim Cramer CNBC's Jim Cramer on Friday expressed some concerns about Palantir Technologies' upcoming public market debut, saying he sees positive trend lines in the company's financials but worried about the power concentrated in its founders' hands.  "Just don't pay up too much for this one," the "Mad Money" host said. "There's too much mystery to it and too much selfishness, too, at least when it comes to corporate governance."  Palantir opted to go public through a direct listing, not the traditional IPO process, so it will not be raising new money. Instead, existing shareholders will be allowed to sell their stock holdings to new investors. Founded...
    When you buy through our links, we may earn money from our affiliate partners. Learn more. Jackie Brown/INSIDER Just Food For Dogs offers fresh pet food for dogs, with a huge variety of purchasing options and meal plans, including therapeutic diets and custom recipes. Fresh pet food is ideal for owners who want to feed less processed pet food without having to cook at home.  No subscription is required to purchase Just Food For Dogs, although the company offers an auto-ship option for convenience. Prices vary depending on the food you choose and the size of your dog (starting at $5 a day for the smallest dogs), and first-time customers can get 20%...
    Apple is waiving the customary 30% fee it charges businesses that sell tickets to online events in the company's App Store for the rest of the year. Apple suspended the fee to give businesses affected by the coronavirus pandemic more time to adapt to operating almost entirely online, a spokesman told CNBC. App store developers such as Airbnb, the home-rental company, has expressed interest in holding more events online, the Wall Street Journal reported. Earlier this week, Apple agreed to exempt Facebook events from the 30% fee. This summer, the social media company introduced paid online events as a way for small businesses to make some money. Facebook said it would not be taking a cut of event fees until...
    SuperAwesome built a platform called Kids Web Services (KWS), a “parental consent management toolkit” that helps developers incorporate child-safe services, including advertising and monetization. KWS is GDPR compliant and has been certified through the KidSafe and other safe harbor programs. It’s used by over 300 companies including Nike, Disney, Hasbro and Lego, according to the company’s About page. To use the platform, parents must provide identification and give a child permission to use the service. The tech could work with any of Epic’s games, including Fortnite , but Epic told VentureBeat that its main goal is to enable SuperAwesome’s platform for developers that use the Unreal game engine. On top of that, the two companies plan to build a wide...
    But if you’re among those who believe Facebook already knows too much about our lives, you’re probably more than slightly disturbed by the idea of Facebook having a semi-permanent presence on your actual face.  Facebook Facebook, to its credit, is aware of this. The company published a lengthy blog post on all the ways it’s taking privacy into consideration. For example, it says workers who wear the glasses will be easily identifiable and will be trained in “appropriate use.” The company will also encrypt data and blur faces and license plates. It promises the data it collects “will not be used to inform the ads people see across Facebook’s apps,” and only approved researchers will be able to access it. ...
    ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox. The video had the feel of a public service announcement, as the two elected leaders sat around a table in Austin and discussed the importance of COVID-19 testing. It was late March, and these men were among those tasked with organizing the response to the emerging coronavirus pandemic: Ruben Becerra, the chief executive of fast-growing Hays County, just south of Austin; and Tommy Calvert, a county commissioner representing a chunk of San Antonio, about 70 miles to the south. Also present was Becerra’s chief of staff, Alex Villalobos. The man hovering around the officials, holding a small...
    Tesla vehicles are displayed in a Manhattan dealership on September 08, 2020 in New York City.Spencer Platt | Getty Images Check out the companies making headlines in midday trading: Bristol-Myers Squibb — Shares of the pharmaceutical company rose 1.2% after it announced positive interim results from a phase three trial of an immunotherapy drug for bladder cancer patients. The company said it will continue the trial to collect more data. General Mills – Shares of General Mills gained 2% after Credit Suisse upgraded the cereal and snack maker to outperform from neutral following the company's better-than-expected earnings. The bank said General Mills will be able to retain more consumers than many of its peers in the food category. Royal Caribbean, Carnival, Norwegian...
    (CBS DETROIT) – For more than forty years, international toy company Wild Republic has been committed to developing high quality plush and toys that nurture our children and encourage a love of nature. This year, as the world navigates through the pandemic and childhood anxiety rates soar to new highs, the company is committed to providing children with the best quality plush and nature-related products that promote a sense of calm, comfort and comradery. Furthermore, the company has expanded its product portfolio to include soft, breathable animal themed face masks and continues its effort to give back through the corporate social responsibility initiative, Promise to the People. The new Wild Republic Mask Buddies allows children to practice wearing a mask...
    Ring safety devices are flown in the air by the Drone Always Home Game that patrols your home. The parent company Amazon has announced the 9 249 device A blog post Thursday. “Built with privacy in mind it only records while on the plane; When it is not in use, it sits on a document and the camera is physically blocked, ”says Amazon. “Also, it’s loud, so you hear it when it’s on the move.” Ever had a ring alarm alert and want to see what’s happening right away? Ring Always Home Game is here to help. This small, lightweight, autonomous flying indoor camera makes it even bigger when you are not at home. Learn more: https://t.co/A62pZUuYDa [US Only] pic.twitter.com/13cXKtEeS...
    Hong Kong (CNN Business)A US ban on TikTok could start on Sunday. Maybe.There have been so many twists and turns in the saga of the app that each development can feel as fleeting as its 15-second videos. On Thursday, a US judge ordered the Trump administration to either postpone its ban on TikTok or respond by Friday afternoon to a request from the app's parent company, ByteDance, to temporarily block the ban. New Chinese rules could complicate a sale of TikToks US businessBeijing also still needs to weigh in on a deal that would see Oracle (ORCL) and Walmart (WMT) invest in a new US-based entity, TikTok Global. And US President Donald Trump said Monday that American companies need to...
    Not many people can say that they have influenced WWE as much as Stephanie McMahon. Today, the Chief Brand Officer of WWE celebrates her 44th birthday and is still one of the most loved figures in the company. This is probably because, despite her prominent position, Stephanie McMahon is one of the most down-to-earth people you can come across. This is evident during behind-the-scenes shots released by WWE from time to time. Happy birthday, @StephMcMahon ???? One of our favourite #NoFilterWWE moments is when @NikkiCrossWWE spotted her backstage at our launch party in January ???? Steph made sure everyone who wanted a photo and chance to say hello got that moment ???? pic.twitter.com/1hsfNTUqNU — WWE on BT Sport (@btsportwwe) September...
    As an additional measure, Twitter started distributing phishing-resistant security keys to its employees and requiring its teams around the world to use them. Google implemented the measure in 2017 to great success: A year after making it mandatory for employees to use physical security keys for two-factor authentication, the tech giant announced that it has “no reported or confirmed account takeovers” anymore. Twitter required all new employees to go through security, privacy and data protection trainings, as well. Those who have access to non-public data had to attend additional mandatory training sessions on how they can avoid becoming phishing targets for attackers. The company also said that it’s been constantly improving its internal detection and monitoring tools that alert the...
    A child wearing a face mask sits on the Charging Bull statue, also known as the Wall Street Bull, following the outbreak of the coronavirus disease (COVID-19) in New York, August 19, 2020.Carlo Allegri | Reuters Here are the companies making headlines in extending trading. Novavax — Shares of the biotech company rose more than 4% after Novavax announced that it had started a phase three trial in the United Kingdom for its coronavirus vaccine candidate. Novavax said the trial would involve up to 10,000 patients over the next four to six weeks. Costco — Shares of the retailer fell 2.6% after reporting its results for its fiscal fourth quarter. The company reported $53.38 billion of revenue, $1.3 billion above...
    Ring’s flying drone camera, the Always Home Cam, was easily the most surprising hardware announcement at today’s Amazon event. It won’t actually be available until next year, but the company has already put together a short ad to demonstrate how the camera can give you a flying, go-anywhere perspective on whatever’s happening in your home. In the video, we see Ring’s security system tripped when a burglar breaks in, and the homeowner immediately dispatches the Always Home Cam to check in. As soon as the careless thief sees Ring’s “compact, lightweight, autonomously flying indoor camera,” he immediately flees. If you were hoping to get an idea of just how noisy the Always Home Cam is, well, this doesn’t...
    Amazon is expanding its line of Ring home-security products to include a flying indoor camera, as well as a car camera and alarm. The indoor drone, called the "Ring Always Home Cam," is designed to let customers see inside their homes when they're not in—perhaps to check if the stove is on, or if someone has broken in. The Seattle technology company giant unveiled its new products at a pre-recorded event on Thursday. The $249 camere can fly only along pre-set flight paths, according to Amazon. The drone can also be set to detect motion and to automatically fly toward it. Amazon's flying camera can detect motion and flies along pre-set flight paths, according to Amazon. Courtesy Amazon A demonstration video...
    General Mills announced Thursday it will be putting out a limited-edition “Elf” themed cereal for the holidays based on the hit movie and we can hardly wait. The festive green box features an image of Buddy the Elf from the 2003 Will Ferrell holiday movie and underneath him a banner that reads, “Sweetened corn puffs with Holiday Tree marshmallows,” per Yahoo. (RELATED: The Best Christmas Movies To Watch This Holiday Season) Son of a Nutcracker! General Mills Is Releasing Elf Cereal to Sweeten the Holiday Season​ https://t.co/m2gXAgxrk4 — People (@people) September 24, 2020 Fans of the classic Christmas special know all too well that Buddy said for an elf there are only four food groups, candy, candy canes, candy...
    Following a teaser from the Xbox Game Pass team yesterday, Microsoft has announced that Doom Eternal is heading to the company’s gaming subscription service. The 2020 sequel to the fantastic 2016 reboot will arrive on Xbox Game Pass for consoles on October 1st and will launch on Game Pass for PC later this year. It’s the first game to arrive on Xbox Game Pass from ZeniMax Media, which Microsoft announced it was acquiring earlier this week. ZeniMax is the parent company for several high-profile gaming studios, including Bethesda and id Software, Doom ’s developer. Now that Microsoft owns all these gaming IPs, it makes sense that games not already on the service will eventually make their way to both...
    Godiva CEO Annie Young-Scrivner is leaving the high-end chocolatier after three years on the job. Young-Scrivner plans to step down at the end of November to “pursue a new opportunity outside of the company,” Godiva said in a statement Thursday. The New York-based candy maker has started searching for her replacement and Young-Scrivner will help with the leadership transition, the company said. Young-Scrivner joined Godiva in 2017 after holding senior gigs at Starbucks and PepsiCo. She tried to introduce the brand’s luxury sweets to the broader consumer market by selling cheaper items at Target and other retailers, according to Bloomberg. Born in Taiwan to Chinese parents, Young-Scrivner immigrated to the US when she was 7 and started her career with...
    Amazon just wrapped up its fall hardware event, and it was packed with a number of big announcements. There were a number of new Echo devices, such as a spherical redesign of the tried-and-true Echo. Amazon also showed off improvements for Alexa, including new security features. We saw a bunch of new Ring devices — one of which was a drone that can autonomously fly around your home. And Amazon finally took the wraps off its long-rumored cloud gaming service, Luna. If you want the play-by-play, check out our live blog with commentary from Dieter Bohn and Nilay Patel. And if you want the rundown of the biggest news from the show, check it out right here: ...
    Breonna Taylor: Outrage over lack of charges turns into protests across the US Pandemic slashes sales at Olive Gardens Times Square location by 94% Jack Dorseys Square just committed $100 million to boost Black-owned banks and businesses. Heres where the money is going. © Rolf Vennenbernd/picture alliance via Getty Images Jack Dorsey, CEO and cofounder of Square, recently made a personal donation of $10 million to support anti-racist research at Boston University. Rolf Vennenbernd/picture alliance via Getty Images Square, the mobile payment company cofounded and led by Jack Dorsey, announced Thursday a $100 million investment to address racial inequality in the financial world. The company will commit $25 million to four areas including The Black Economic Development Fund,...
    VIDEO1:5601:56Salesforce CEO praises former boss Larry Ellison for TikTok dealClosing Bell Salesforce CEO Marc Benioff praised Oracle chief Larry Ellison's efforts to break into the social media space with a potential TikTok partnership.  The enterprise software maker was approved for a deal in principle over the weekend to partner with the rapidly growing social media app, allowing it to avoid a U.S. shutdown. Oracle said it will become TikTok's secure cloud provider and will become a minority investor with a 12.5% stake in the company. Benioff said that the coroanvirus pandemic should be driving new urgency at companies, and praised Ellison's boldness in buying a consumer-focused social media network -- a company far outside of Oracle's historical expertise. "I'm so impressed...
    Spencer Platt | Getty Images News | Getty Images Here are the stocks making headlines in midday trading: Nikola — Shares of the electric truck maker plunged more than 14% on increasing concerns about the company's growth. The uproar surrounding a severely critical short-seller report and the resignation of Nikola's founder makes the stock too risky to own, according to Wedbush, which downgraded the stock to underperform on Thursday. The author of the Hindenburg report, Nathan Anderson, told The Wall Street Journal more bad news is coming for Nikola and "the story is definitely not over." Darden Restaurants — Shares of the restaurant chain rose 5.8% after the parent company of Olive Garden beat earnings expectations for its fiscal first quarter. Darden...
    In a recent interview with After the Bell, by way of Sportskeeda, Roman Reigns revealed when he’ll step away from WWE. According to the Universal Champion, he won’t hang up his boots until there’s a worthy heir to his throne. The superstar equated the situation to his rise to the top. Reigns said that him grabbing the proverbial brass ring allowed another legendary performer to step away from the WWE spotlight, and he wants to be able to pass the torch to someone worthwhile. “When they are really doing their job, that’s when I won’t have to do mine anymore. Just like kinda what John Cena, John said the same thing to me in one of his promos. We ain’t...
    BOSTON (CBS/CNN) — Cineworld Group, the owner of Regal Cinemas, may need to raise more cash in order to survive another surge of coronavirus cases. The world’s second largest cinema business said Thursday it has enough funds on hand to keep operating for now after it crashed to a loss of $1.6 billion for the first six months of the year as revenues slumped by 67%. The company warned, however, that it would need to raise additional cash early next year if a second wave of coronavirus cases cause “prolonged” shutdowns in the United States and United Kingdom. Even if that scenario is avoided, the company said it’s likely to breach loan covenants in December and again in June 2021,...
    One of York’s major theaters is to lay off 60 workers and run the skeleton system as the Furlough project comes to an end. The Grand Opera House on Clifton Street in York has not been able to hold any live performances since the lockout began. It is understood that about 11 full-time employees and 50 ordinary workers have been affected. Also some employees are on temporary layoffs and will be brought back to the company in the coming months. Apart from the Furlough project, the place has no government or art forum support, it is a business operator and part of the Ambassador Theater Group (ADG), the company said. The group has contacted...
    London (CNN Business)Cineworld Group, the owner of Regal Cinemas, may need to raise more cash in order to survive another surge of coronavirus cases.The world's second largest cinema business said Thursday it has enough funds on hand to keep operating for now after it crashed to a loss of $1.6 billion for the first six months of the year as revenues slumped by 67%.The company warned, however, that it would need to raise additional cash early next year if a second wave of coronavirus cases cause "prolonged" shutdowns in the United States and United Kingdom. Even if that scenario is avoided, the company said it's likely to breach loan covenants in December and again in June 2021, putting it at...
    In a recent interview, Erick Redbeard — who competed in WWE as Erick Rowan until his release in April — commented on his former stablemate Bray Wyatt’s booking as “The Fiend,” observing that the company might have severely damaged his credibility by booking him to lose the Universal Championship to Goldberg at the Super ShowDown pay-per-view in February. As quoted by Wrestling Inc., Redbeard guested on Pro Wrestling Junkies and held a Q&A session with fans, where he talked about his brotherly relationship with his fellow Wyatt Family members and expressed regret that most of their ideas weren’t used on WWE television. He then moved on to Wyatt’s current gimmick, saying that while he “loved” it upon its debut, the...
    LONDON — Plastic pollution is a massive problem: more than a billion tons of plastic waste will end up in oceans or in landfill by 2040. The beauty industry is one of many contributors to plastic waste, but it's a complex issue that doesn't have a simple solution. One option is to treat plastic trash as a raw material, explains Mark Davis, who runs the Community Fair Trade program at beauty company The Body Shop. The program is an ethical sourcing initiative that was founded in 1987 and now makes up around 25% of the company's ingredients budget, where the company procures ingredients like shea butter from Ghana and items such as paper gift boxes from Nepal. The program has...
    As TechCrunch points out, public reports by ByteDance and Oracle have differed on the terms of the proposed deal, and the president has made public statements that he would not approve any deal where the Chinese company retained partial ownership of the app. ByteDance has applied for an export license in China to facilitate the deal, assuming it is approved. NPR reporter Bobby Allyn posted a declaration submitted by new TikTok CEO Vanessa Pappas, which lays out many of her arguments for an injuction. The CEO cited the harm that could be done if the app is banned, even if it’s later reinstated, including notes on what happened when a ban went into place in India. TikTok also argued that...
    Breonna Taylor case: Former detective, Brett Hankison, is indicted, but not for her death This City Just Banned Candy From the Grocery Store Checkout Line Jim Cramer on GoodRxs IPO: Start buying if the stock pulls back a little "I think you can actually nibble at GoodRx tomorrow if we have a pullback," CNBC's Jim Cramer said after the company's public market debut.  Shares of the digital health company rose more than 50% on Wednesday.  "GoodRx is a great story. It's got fabulous financials, so of course, yeah, the deal was red-hot," added the "Mad Money" host. CNBC's Jim Cramer on Wednesday touted the product and potential of GoodRx, but advised investors to wait a little bit...
    CNBC's Jim Cramer on Wednesday touted the product and potential of GoodRx, but advised investors to wait a little bit before taking out a significant position in the newly public stock.  The digital health company, which offers prescription drug coupons to customers, closed Wednesday's session at $50.50 per share for a gain of 53%. The stock opened at $46 per share after the company priced its initial public offering at $33 per share.  "GoodRx is a great story. It's got fabulous financials, so, of course, yeah the deal was red-hot," Cramer said on "Mad Money." "I think you can actually nibble at GoodRx tomorrow if we have a pullback," he added. "I actually would like it to come back to the thirties,...
    National Motorsports Appeals Panel upholds penalty to Mike Wallace 8 Famous Monuments That Are Hiding Little-Known Secrets Stocks making the biggest moves after hours: Tesla, Dollar Tree, Jefferies Financial Group & more Check out the companies making headlines after the bell:  © Provided by CNBC A Tesla Inc. vehicle charges at a charging station in San Mateo, California, U.S., on Tuesday, Sept. 22, 2020. Jefferies Financial Group — Shares of the financial services firm jumped more than 14% following the company's third quarter earnings results. Jefferies earned $1.07 per diluted share, up from 15 cents in the same quarter a year ago. Revenue came in at $1.62 billion, and the company also increased its stock buyback program to $250...
    TikTok on Wednesday filed a request for an injunction in federal court to halt President Donald Trump’s looming ban on the app. Hide Trump signed an executive order in August that would effectively ban the app in the U.S. and kickstarted an effort to sell the operations of the wildly popular app to an American company. Hide The order cites data privacy concerns because TikTok is owned by China-based company ByteDance. The Chinese government can force tech companies to hand over user data, leading to concerns that TikTok could be made to. TikTok has vehemently defended this criticism, saying U.S. user data is stored within the country. Since then, Oracle and Walmart agreed to a deal with ByteDance,...
    Huawei executive Guo Ping said the company is struggling to survive because of policies enacted by the United States that have left its business in trouble. Bans on U.S. companies working with Huawei have meant one of the company’s biggest markets is off limits. With international partners also cautious of adopting Huawei’s 5G technology, the Chinese tech giant has faced mounting problems. As reported by CNN, Huawei’s rotating chief executive spoke at a press conference and presented a dire picture for the multinational. “Huawei is in a difficult situation these days. Nonstop aggression from the US government has put us under significant pressure… Right now, survival is the goal.” Under the Trump administration, the White House has been a staunch...
    By Joshua Franklin (Reuters) - Playboy Enterprises is nearing a deal to go public through a merger with Mountain Crest Acquisition Corp , which would value the owner of Playboy magazine at around $425 million, including debt, people familiar with the matter said. A tie-up with Mountain Crest would result in Playboy's return to the stock market, nine years after it went private in a $207 million deal led by its late founder Hugh Hefner and private equity firm Rizvi Traverse Management. Mountain Crest, a special purpose acquisition company (SPAC), could announce a deal with Playboy by the end of this month, the sources said on Wednesday, cautioning that talks could still collapse. Mountain Crest is in discussions with...
    Chip Somodevilla/Getty Images A collection of leaked audio recordings have provided a new look into Facebook CEO Mark Zuckerberg’s struggle to address the political and free speech challenges surrounding his social media platform. The Verge obtained a multitude of audio recordings and posts from company insiders, many of which shed light on how Facebook contended with the coronavirus pandemic and sociopolitical events throughout the summer of 2020. The trove of audio also delves into Facebook’s internal conversations on public image concerns, political pressures, and their efforts to deal with misinformation and election interference. Many of the contents originated from a series of company Q&As Zuckerberg held weekly, during which, employees would ask him questions and he would livestream...
    New York (CNN Business)Corsair Gaming, a hardware and accessory company, is going public Wednesday under the ticker symbol CRSR. On launch, its shares were priced at $15 and its shares were down about 4% in mid-afternoon trading.Corsair (CRSR) sells gaming hardware and accessories, including computer parts that people can use to build their own custom PCs, mice, headsets and keyboards. The company has grown its revenue to $1.3 billion over the last 12 months ending in June.Because of its emphasis on computer parts, a lot of Corsair's business is geared toward the PC gamer segment, meaning the company's growth partially depends on whether more console gamers and non-gamers convert over to PCs. During Covid-19, it looks like more people are...
    Shoppers, some wearing PPE (personal protective equipment), of a face mask or covering as a precautionary measure against COVID-19, queue to enter a recently re-opened Nike store at Gunwharf Keys shopping centre in Portsmouth, southern England on June 16, 2020.Adrian Dennis | AFP | Getty Images Check out the companies making headlines in midday trading.  Nike — Shares of the apparel giant surged 8.3% on Wednesday after the company reported better-than-expected results for its fiscal first quarter. The company earned 95 cents per share on $10.95 billion of revenue. Analysts were expecting 47 cents per share and $9.15 billion, according to Refinitiv. Nike reported large growth in its digital sales and women's apparel business. Johnson & Johnson — Shares of...
    AUSTIN, Texas -- President Donald Trump said Saturday that he tentatively approved a deal between the Chinese-owned social media app TikTok and Oracle and Walmart that could bring the new joint venture's headquarters to Texas. The deal, though, still faces much uncertainty."All of the technology will be maintained here," Trump said at a North Carolina rally. "They're going to move probably to the great state of Texas."Shortly after Oracle - a California-based tech company with an Austin campus - emerged as a potential buyer last week, Gov. Greg Abbott tweeted that he had spoken to the president about Texas housing the possible new TikTok headquarters.RELATED: President Trump gives 'blessing' for proposed deal to keep TikTok operating in US"I let him...
    New York (CNN Business)Amazon is distancing itself from the $499 stationary bike that the manufacturer said was "developed in collaboration with Amazon."Fitness startup Echelon said in a press release Tuesday that it built a Prime-branded bike and Amazon partnered with the startup to build Amazon's "first-ever connected fitness product." The press release has now been deleted and Amazon told Bloomberg Tuesday the bike is "not an Amazon product or related to Amazon Prime.""Echelon does not have a formal partnership with Amazon. We are working with Echelon to clarify this in its communications, stop the sale of the product, and change the product branding," an Amazon spokesperson said in a statement obtained by Bloomberg. The company did not comment to CNN...
    Evan Sharp and Ben Silbermann, co-founders of PinterestSource: Pinterest Pinterest announced a new stories feature on Wednesday, becoming the latest social media company to adopt the popular media format.  Story Pins will allow "creators" to post nearly full-screen photos and videos to their profiles. This new content format will make it possible to create step-by-step stories, such as tutorials for recipes or DIY projects, that the company will surface to users with relevant interests.  Pinterest is the latest social media company to adapt the format. Snapchat innovated the feature in 2013, and Facebook's Instagram copied it in 2016. More recently, Twitter this year introduced its own version — "Fleets." Similarly, LinkedIn began testing its own stories feature in certain markets this year.  Story...
    Viewing Picks for September 23, 2020 Pets that are so excited for fall Blackrock tells its 16,000 staff they must reveal romances with anyone linked to the company, not just colleagues © Reuters FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York Reuters Blackrock has ordered its 16,000 employees to inform their managers of romantic, sexual, or personal relationships they have with anyone connected to the company. This covers staff from a “service provider, vendor or other third party,” including clients. Extending a relationship disclosure policy to external firms is unusual, and Blackrock's policy potentially covers hundreds of thousands of relationships. If there is a chance of the disclosed personal relationship creating a...
    PHILADELPHIA (CNN) — Johnson & Johnson’s COVID-19 vaccine candidate begins Phase 3 trials in the United States today. Trials for the single-dose vaccine will include up to 60,000 adult participants at nearly 215 sites in the US and internationally. Phase 3 trials will begin immediately, with the first participants receiving doses on Wednesday, Johnson & Johnson Chief Scientific Officer Dr. Paul Stoffels said on a call with reporters. The vaccine candidate was developed by Janssen Pharmaceutical Companies, a subsidiary of Johnson & Johnson. Johnson & Johnson is now the fourth company to begin large-scale clinical trials for a COVID-19 vaccine in the United States, behind Moderna, Pfizer/BioNTech and AstraZeneca. While the other vaccine candidates require two doses, Johnson & Johnson’s...
    Air Force veteran aims to calm violence and help young victims in her community Chain restaurants in bad financial shape Most Americans don't know these lucrative Social Security "secrets" Ad Microsoft Incredible Blanket Puts Humans In A Deep Sleep, Melting Stress Away Ad Microsoft 23 Gadgets That Could Sell Out Before the Holidays Ad Microsoft ...
    Hong Kong (CNN Business)Huawei says it is in survival mode as continuous "attacks" from the United States threaten to choke off the Chinese company's access to key technology. "Huawei is in a difficult situation these days. Nonstop aggression from the US government has put us under significant pressure," the company's rotating chief executive Guo Ping said at a conference on Wednesday. "Right now, survival is the goal," he said. Washington has ramped up pressure on Huawei, issuing fresh sanctions in May and August that further restrict the company's access to the leading edge computer chips it needs to manufacture smartphones, 5G networking gear and other products. New sanctions deal lethal blow to Huawei. China decries US bullyingSemiconductor companies that use...
    For big tech platforms, one of the more urgent questions to arise during the pandemic’s early months was how the forced closure of offices would change their approach to content moderation. Facebook, YouTube, and Twitter all rely on huge numbers of third-party contract workers to police their networks, and traditionally those workers have worked side by side in big offices. When tech companies shuttered their offices, they closed down most of their content moderation facilities as well. Happily, they continued to pay their moderators — even those who could no longer work, because their jobs required them to use secure facilities. But with usage of social networks surging and an election on the horizon, the need for moderation had...
    Amazon has moved to put clear distance between it and Echelon Fitness, a company that produces connected exercise equipment. Yesterday, the company announced that it was making the “Prime Bike,” a stripped-down version of its Peloton-esque Connect Sport spin bike. But, overnight, Amazon released a statement saying that Echelon, and the Prime Bike, have nothing to do with them.  “This bike is not an Amazon product or rel ated to Amazon Prime. Echelon does not have a formal partnership with Amazon. We are working with Echelon to clarify this in its communications, stop the sale of the product, and change the product branding.” – Amazon At the time of publication, the Echelon press release that spoke about the Prime Bike...
    Tesla CEO Elon Musk announced a 'tabless' battery at the firm's live-streamed 'Battery Day' that had attendees sitting in their own Tesla watching the billionaire speak on a stage.  Musk shared the firm is currently producing the cell, dubbed 4680, at its pilot Fremont gigafactory -making it Tesla's first in-house battery. Eliminating the tabs allows for continual motion through the system, which provides six times the power and enables a 16 percent range increase to vehicles.  Musk also revealed the firm plans to make 20 million electric vehicles a year, along with an affordable model for $25,000 that is also fully autonomous.  Scroll down for videos  Tesla CEO Elon Musk announced a 'tabless' battery at the firm's live-streamed 'Battery Day'...
    As coronavirus-related shutdowns lead to housing struggles, including scams and unforgiving landlords, a gig workers’ app claims people can sign up to be part of an eviction crew. Hide The app, Civvl, posted employment ads on Craigslist and advertised rates up to $125 per hour for workers, Vice News first reported on Monday. Following the report, ads for the app disappeared from Craigslist, and reviews for the app called into question its legitimacy. Hide Ads for Civvl listed under “labor gig” were posted to Craigslist within the last month as the country anticipated a second wave of the coronavirus pandemic and scores of people on the West Coast were left with burnt homes following unprecedented wildfires.  “Unemployment is at a...
    Saul Loeb | AFP | Getty Images Check out the companies making headlines in midday trading.  Amazon – Shares of Amazon climbed nearly 3% after Bernstein upgraded the e-commerce giant to outperform from market perform. The Wall Street firm said the recent pullback created an attractive "entry point" for the stock, adding it undervalued the power of its online retail demand. Amazon is down more than 10% this month amid a broad rotation out of tech. Carvana — Shares of the online marketplace for used cars soared 29% after Carvana announced that it expected record results across several metrics for its third quarter, including total revenue and retail unit sales. The company also said that its profitability metrics were improving....
    An AWS Ground Station satellite antenna at one of the company's data center in Boardman, Oregon.Amazon Microsoft will offer a new service called Azure Orbital that connects satellites directly to its cloud computing network, the company announced at its Ignite conference Tuesday. The service will begin in a "private preview" to a select group of Microsoft customers. Earlier this month CNBC reported on Microsoft's plans to challenge the Ground Station service that's available from Amazon Web Services. Amazon and Microsoft are the two largest providers of cloud infrastructure, with data centers in far-flung places that can host websites and run applications using a variety of computing and storage services. "With access to low-latency global fiber networks and the global scale of Microsoft's cloud...
    The transparency report also broke down the geographical origins of these removals. India came out on top, which partly explains why the government banned the app earlier this year. The US ranked second, followed by Pakistan, Brazil and the UK. In its report, TikTok said that 96.4 percent of takedowns occurred before a user had reported the video, and 90.3 percent happened before anyone had watched it. The document stops short of explaining how many were spotted and judged by a human or algorithmic moderator. TikTok did say, however, that it had been relying “more heavily on technology to detect and automatically remove violating content in markets such as India, Brazil, and Pakistan.” As TechCrunch reports, legal requests also rose...
    VIDEO1:5401:54'The whole thing is a crock'—Billionaire Barry Diller on TikTok-Oracle dealSquawk Box Days after President Trump agreed to approve the deal in which Oracle and Walmart would take minority stakes in viral video-sharing app TikTok, Expedia and IAC chairman Barry Diller said of the negotiations in a CNBC "Squawk Box" interview Tuesday: "The whole thing is a crock." "It started obviously simply — to say we want to protect the security of Americans from anything that could happen to them by using TikTok," said Diller. "It has now morphed into a ludicrous game-match between tossing ownership here, control there… Its original aims are out the window. In has just come a whole political mismash." The terms of a TikTok deal have...
    Morgan Beller, one of the founders of Facebook's libra digital currency, is leaving the social media company to join NFX, a seed-stage venture capital firm.Courtesy of NFX One of the co-founders of Facebook's libra digital currency and Novi payments wallet has left the company before the release of either technology.  Morgan Beller, 27, is leaving her post as Novi's head of strategy to become a partner at NFX, a venture capital firm focused on seed investments with offices in San Francisco and Herzliya, Israel. "When I knew there was an opportunity to go [to NFX] and get to work with these people, that was an opportunity I couldn't really pass up," Beller told CNBC.  Beller rose to prominence in 2019...
    Susan Wojcicki, CEO of YouTube.Michael Newberg | CNBC A former YouTube moderator sued YouTube on Monday, accusing it of failing to protect workers who have to catch and remove violent videos posted to the site.  The suit says the plaintiff was required to watch murders, abortions, child rape, animal mutilation, and suicides. YouTube parent company Google faces increasing pressure to control content spanning violence and misinformation — particularly as it approaches the 2020 U.S. election and federal investigations. YouTube training for contractors includes a video of a "smashed open skull with people eating from it," among other violent videos, the lawsuit alleges. It's seeking compensation and medical treatment for the plaintiff and others who were who have experienced similar trauma. The...
    LOGAN SQUARE — Cards Against Humanity is out as the owner and operator of the Chicago Board Game Cafe. Earlier this month, the card game crew sold its elaborately designed board game cafe at 1965 N. Milwaukee Ave. to the Canadian board game cafe chain Snakes & Lattes. The cafe will reopen under Snakes & Lattes’ ownership Oct. 14, according to a news release. The Cards Against Humanity founders, in an emailed statement from a company spokeswoman, pointed to their lack of experience running such a business and the pandemic as their reasons for selling. “We wanted to put the cafe in the hands of a company with expertise in running board game cafes, expertise we did not have,” the founders said....
    Tesla CEO Elon Musk will announce a 'million-mile battery' at the company's live-streamed 'Battery Day' due later today.  The mega battery will power upcoming Tesla electric vehicles, including the heavy-duty Semi truck and the futuristic Cybertruck, for at least one million miles.  Million-mile batteries are able to clock up over a million miles over the course of their lifespan – rather than powering a car for a single million-mile-journey without recharging.  The million-mile battery, which is hoped to increase take-up of Tesla electric cars, is expected to be revealed along with other 'exciting things' today, Musk has teased.   It's speculated that these announcements include ways to pack more energy into battery cells, slash production costs and dramatically extend battery life.  Battery...
    VIDEO1:3501:35News Update – Pre-MarketsNews Briefing Take a look at some of the biggest movers in the premarket: Amazon.com (AMZN) – Bernstein upgraded Amazon to "outperform" from "market perform," saying a 16% drop in the stock over the past few weeks has created an attractive entry point. Bernstein highlights Amazon's growth prospects, noting a 50% increase this year in fulfillment capacity. AutoZone (AZN) – The auto parts retailer reported fiscal fourth-quarter earnings of $30.93 per share, beating the consensus estimate of $25.01 a share. Revenue was also above forecasts, with comparable sales more than doubling estimates with an increase of 21.8%. AutoZone said market conditions remain uncertain heading into the new fiscal year. Tesla (TSLA) – Tesla CEO Elon Musk tweeted...
    A former YouTube content moderator is suing the Google-owned company for failing to properly protect her and her co-workers from the mental harms caused by reviewing hours and hours of graphic footage every day. The proposed class-action lawsuit against YouTube is being brought by the Joseph Saveri Law Firm, which previously sued Facebook for failing to safeguard the mental health of its own content moderators. That earlier suit resulted in Facebook paying a $52 million settlement to moderators who developed PTSD as a result of their work for the company. “She has trouble sleeping and when she does sleep, she has horrific nightmares.” The lawsuit, which was first reported by CNET, says YouTube consistently failed to follow its...
    Mark Twain is credited with first saying that if you don’t like the weather in New England, just wait five minutes. The TikTok deal has followed a similar schedule. On Friday, President Trump said downloads of TikTok would be banned from mobile app stores on Sunday, potentially preventing users from receiving critical security updates. On Saturday, Trump said he supported Oracle’s bid to acquire a stake in TikTok and oversee some of its operations, and extended the ban date to September 27th. As part of the deal, he said, the companies involved had agreed to contribute $5 billion for “patriotic education.” On Sunday, everyone involved took a well deserved rest. And as Monday dawned, everything went to hell. Everyone agrees...
            by Chris White  President Donald Trump said Saturday that he approved a transaction between Oracle and TikTok that allows the Chinese application to stay in the United States. Part of the arrangement requires the newly U.S.-based TikTok company to direct $5 billion toward teaching American children “the real history of our country,” Trump told reporters at the White House, Bloomberg reported Saturday. The president later told rally attendees in North Carolina Saturday that he is establishing a “large fund for the education of American youth.” Trump told rally goers that he told company leaders, “Do me a favor, could you put up $5 billion into a fund for education, so we can educate people as to real history of...