Exclusive: Delta CEO says federal government should issue a mask mandate

As the Covid-19 pandemic continues to spread throughout the United States, travelers are still not federally required to wear a mask on a passenger jet. But Delta CEO Ed Bastian said the government should make it a mandate. He’s not optimistic, however, that a national mask requirement will happen. The airline industry has not issued…MORE

Rivian raises another $2.5 billion as it prepares to launch its electric pickup

Rivian, a Michigan-based company with plans to make fully electric pickups and SUVs, announced Friday that it secured an additional $2.5 billion in funding. The round of funding was led by T. Rowe Price Associates, the company said. Amazon and BlackRock, both of which have previously invested in Rivian, participated in this round of investments,…MORE

Take that, Disney! Goldman Sachs is super bullish on Netflix

Netflix is no longer the only streaming game in town. But an analyst at Goldman Sachs still thinks Netflix is the king (and queen, thanks to season 6 of “The Crown“) of content stocks. Shares of Netflix surged more than 8% Friday to a new record of above $535 after Goldman’s Heath Terry boosted his…MORE

Amazon, Apple and Microsoft race to $2 trillion

Two trillion dollars is a lotta money — government stimulus and budget deficit kind of money. But three American tech companies each could soon be valued at that 13-digit amount. Apple and Microsoft are each worth more than $1.6 trillion today. Amazon has a market capitalization above $1.5 trillion. They are all trading near record…MORE

Why it pays to be a chain during a pandemic

Companies often talk about the benefits of scale. And during a pandemic, it appears bigger can be better. What’s happening: A new analysis by Bank of America found that spending at big restaurant chains has “largely recovered,” while small chains and independent eateries remain under pressure. It pointed to Chipotle as one player with a…MORE

Goya Foods boycott takes off after its CEO praises Trump

The hashtag #Goyaway was trending on social media Friday after Robert Unanue, CEO of Goya Foods, appeared in the Rose Garden Thursday afternoon to praise President Donald Trump. “We are all truly blessed … to have a leader like President Trump who is a builder,” Unanue said during the Rose Garden speech. “We have an…MORE

Americans are buying more chocolate. That’s bad for waistlines

Americans trying to cope during uncertain times are reaching for that chocolate bar more often. During the pandemic, consumers have gravitated toward comfort foods and familiar brands. The behavior pattern holds true for their treat consumption: Sales of chocolate have been on the rise since mid-March. During the 17-week period that ended on June 27,…MORE

Nasdaq hits record high

The Nasdaq Composite hit yet another all-time high as tech stocks were among the best performers on Thursday. The index closed up 0.5%, exceeding Wednesday’s closing record. It was the third time it eked out a fresh all-time high this week. Meanwhile the Dow finished down 1.4%, or 361 points, while the broader S&P 500…MORE

MSNBC’s Joy Reid to host new evening newscast ‘The ReidOut’

MSNBC’s 7 p.m. hour has a new name. Anchor Joy Reid will host “The ReidOut,” which will debut on July 20. Reid will be the only Black woman currently hosting an evening news show on a major network. Her show comes in as the permanent replacement for “Hardball with Chris Matthews,” which ended when the…MORE

Abysmally few people are subscribing to Quibi, analytics firm says

Not a whole lot of people are subscribing to Quibi, according to an analysis of the new app. Sensor Tower, an analytics firm that tracks app downloads, says only 72,000 of the 910,000 people who downloaded the app within the first three days of Quibi’s April 6 launch became paid subscribers after their 90-day trial…MORE

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