As the twin black swans of the coronavirus pandemic and the historic collapse in oil prices rocked financial markets in early 2020, opportunities arose. So did the media narratives. One of the most popular: Bored youths, trapped at home with no access to sports, bars, or live entertainment, went into …
Read More »Facebook loses antitrust case in Germany due to data collection
The decision may not be the last word. A trial court has yet to issue a ruling on the matter, a process that some antitrust attorneys consider a formality given the final ruling of the higher court. In theory, the lower court could rule in Facebook’s favor, filing another appeal …
Read More »Euro rises on positive data, United States says China trade deal still on track
LONDON (Reuters) – The euro rose to the highest in a week after positive economic data on Tuesday, while other currencies also rose after White House trade adviser Peter Navarro backed down in his comment that the trade deal United States with China had “finished”. FILE PHOTO: Saudi riyal, yuan, …
Read More »These companies gave their CEOs millions just before bankruptcy
Some companies don’t even try to argue that the executive pay was cut. At $ 6.4 million, the cash bonus paid to Whiting Petroleum CEO Bradley J. Holly is greater than the $ 5.5 million the company valued its full compensation for 2019. Updated June 22, 2020 Is it more …
Read More »Amazon, Google, Apple speak out against Trump H-1B visa freeze
Amazon, Google, Apple, Twitter, and other major tech companies are criticizing President Donald Trump’s decision to stop certain immigration visas. In an order Monday, Trump extended the freeze on green card visas and added new restrictions on H-1B visas and other work visas, and officials argued that it would prevent …
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