Billionaire GOP donor says he feels ‘betrayed’ by Trump and vows to support Biden

Billionaire Republican donor and Home Depot co-founder Ken Langone said he feels “betrayed” by President Donald Trump after the attempt to overturn the election, and he vowed to do everything he can to support Joe Biden as the new president. Langone, who voted for Trump in 2016 and gave him credit for improving the economy,…MORE

Dollar General will pay its workers to get a Covid-19 vaccine

Dollar General wants its employees to get Covid-19 vaccines, so it’s offering to pay them to do it. The chain said Wednesday that it will give its workers a one-time payment equivalent to four hours of pay after receiving a completed vaccination. “We do not want our employees to have to choose between receiving a…MORE

The big winners from Tesla stock surge: lithium miners and battery makers

The incredible stock market surge for Tesla isn’t just making Elon Musk and Tesla investors rich. Traders betting on lithium miners and battery makers are also benefiting from Tesla’s success. Lithium is a key component for batteries in electric cars. The Global X Lithium & Battery Tech ETF, a fund that owns Tesla and other…MORE

Dubai real estate developer wants to do more business with Trump

Corporate America may be running away from President Donald Trump but at least one of his international business partners is standing by him. Hussain Sajwani, the chairman of property developer DAMAC, said he wants to expand his relationship with the Trump Organization despite the president’s role in stoking a violent siege last week of the…MORE

Amazon is removing QAnon merchandise from its site

Amazon said it is banning QAnon merchandise from its marketplace in response to the extremist group’s role in attacking the US Capitol. The company is in the process of removing QAnon products, but said it may take a few days to complete. QAnon, the far-right conspiracy theory group whose believers view President Donald Trump as…MORE

Circle K’s owner offers $20 billion for France’s biggest retailer

Convenience store operators are having a moment. Canada’s Couche-Tard, the owner of Circle K, said in a statement on Wednesday that it’s offering €20 ($24.35) a share to acquire France’s biggest supermarket chain, Carrefour. The offer, which Couche-Tard expects to be mostly in cash, values Carrefour at €16.2 billion ($19.7 billion) and represents a 29%…MORE

Volkswagen and Audi are starting to challenge Tesla

The world’s largest carmaker is starting to gain ground on Tesla. Volkswagen sold 231,600 battery electric vehicles in 2020, according to figures published by the company on Wednesday. While that’s still less than half the number of sales Tesla made, it represents an increase of 214% on the previous year and shows Germany’s huge auto…MORE

Intel ousts CEO and names successor

Intel has named Pat Gelsinger as its new chief executive officer, replacing Bob Swan after a rocky two-year run. The chipmaker recruited Gelsinger from VMWare, calling him a “highly respected CEO and industry veteran” in a release. Gelsinger, who has been VMWare’s CEO for about the past decade, will take the helm at Intel on…MORE

Life may get back to normal this year. But the economy probably won’t

It’s tempting to think now that 2020 is over, the economy will soon snap back to normal. But that’s still far off: Americans aren’t spending as much as they used to. Millions remain unemployed. For an economy that runs on consumer spending, that’s a huge issue. The recovery — and the return to public life…MORE

New York City moves to end contracts with the Trump Organization

New York City is seeking to terminate its business relationships with the Trump Organization in response to last week’s attack on the US Capitol. On the day President Donald Trump faces a second impeachment for his role inciting the rioters who ransacked the Capitol, officials in New York City announced plans to immediately end the…MORE

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