General Motors President and CEO Mary Barra tours an April 1, 2020 facility at the company’s Warren, Michigan facility that will produce Level 1 face masks. GM CEOs of the nation’s largest companies hope that the commercial impact of the coronavirus will persist until at least the end of 2021. …
Read More »Supreme Court allows CFPB to continue, says president can fire
The Supreme Court in a ruling on Monday allowed the Office of Financial Consumer Protection to continue operating, but said the director of consumer surveillance could be removed by the President of the United States “at will.” The decision, written by Supreme Court President John Roberts, coincided with the argument …
Read More »Costco stops selling half-sheet cakes
Costco (COST) He has quietly stopped selling the $ 20 half-sheet cakes in his U.S. stores for the past month, instead of pointing people toward his 10-inch round cakes and other assorted baking products. “To help limit personal contact and create more space for social distancing, Costco has reduced service …
Read More »Here’s the impact on revenue Facebook will take when Diageo and Starbucks join the list of companies pulling ads from the platform.
Facebook shares fell in pre-market trading on Monday, after Diageo and Starbucks became the latest companies to stop advertising on social media platforms for ineffective surveillance of hate speech. Shares of the social networking company FB, -2.48%, which operates Instagram and WhatsApp, in addition to its eponymous platform, fell more …
Read More »5 things you need to know before the stock market opens on June 29, 2020
1. Dow will recover after 730 point drop on Friday Dow futures pointed to a gain of more than 200 points in Monday’s opening, a rebound after the Dow Jones Industrial Average fell 730 points, or 2.8%, on Friday, knocking down the blue chips 3.3% last week . After initial …
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