CEOs vow to fight voting restrictions despite threats from Trump and McConnell
Dozens of business leaders held an hour-long brainstorming session over the weekend to discuss ways to fight controversial voting restrictions proposed in states around the country. The Zoom meeting included Target CEO Brian Cornell, American Airlines CEO Doug Parker, Merck boss Ken Frazier, Atlanta Falcons owner Arthur Blank and James Murdoch, a person familiar with…… MORE
Small investors are taking an unexpected break. Here’s why
After a raucous start to the year, Wall Street expected non-professional traders to pump chunks of their $1,400 stimulus checks into the stock market, supporting popular names like Tesla and Apple. So far, that doesn’t appear to be happening. Breaking it down: Retail investors who helped power GameStop mania haven’t been rushing to buy their…… MORE
English pubs can open again but 2,000 have already gone under
Shops, gyms, pubs and beauty salons in England have welcomed back customers after three months of lockdown, delivering a crucial boost to retail and hospitality businesses that have been forced to close repeatedly during the pandemic. Shoppers braved unseasonably cold temperatures as they lined up outside stores in cities on Monday after restrictions on non-essential…… MORE
Vice removes altered photos of Khmer Rouge victims as Cambodia protests
US media group Vice has removed altered photographs of Khmer Rouge genocide victims from its website after a furious backlash in Cambodia and on social media. The New York-based company on Friday published an interview with Matt Loughrey, an Ireland-based artist, who had colorized images of photos from the notorious Tuol Sleng S-21 torture prison…… MORE
Mastercard launches carbon calculator in its latest attempt to go green
Mastercard wants its customers to understand how much their spending habits are contributing to carbon emissions and global warming. The credit card company created a calculator that measures consumers’ carbon footprints based on what they purchase. The tool, which will be available on the Mastercard website and app on Monday, focuses on specific spending categories…… MORE
Powell tells ’60 Minutes’ that US economy is at an ‘inflection point’
Federal Reserve Chair Jerome Powell said the US economy is at an “inflection point,” and that growth and job creation is poised to accelerate. Powell made the comments during an interview on CBS News’ “60 Minutes.” In the interview, Powell provided a rosier economic outlook, in contrast to past remarks on the economy’s recovery. “What…… MORE
Deal between Korean battery firms is a big lift for US EV makers
Two major makers of lithium batteries used for electric vehicles have reached a deal on an intellectual property dispute that threatened to curtail the supply of batteries needed to step up US production of EVs. The deal reached Sunday between South Korean companies LG Energy Solution and SK Innovation will have SK pay LG 2…… MORE
Cruise lines poised for rebound despite no word on when US sailings can resume
It appears travelers are once again eager to take a cruise — and investors may be ready to hop aboard with them. Even though the Centers for Disease Control has yet to give a firm date for when it will allow ships to dock at US ports, industry leader Carnival Corp reported last week that…… MORE
Anti-Defamation League CEO: Fox needs to rethink its entire primetime lineup
Tucker Carlson sparked a wave of backlash with comments about the so-called “white replacement theory” on his Fox show Thursday evening. In response, Anti-Defamation League CEO Jonathan Greenblatt sent a letter urging Fox to dump Carlson, and now he’s saying the network needs to rethink its entire lineup. “Fox needs to look at their entire…… MORE
Will corporate earnings be strong enough to justify the record stocks rally?
The Dow and S&P 500 are at record highs thanks to Wall Street optimism about Covid-19 vaccines, federal government stimulus, a rebounding global economy and a surge in value stocks. Now it’s time for Corporate America to prove that investors should believe the hype. A slew of big banks and other financial firms will report…… MORE
