Wednesday, July 8, 2020

News Bureau


The Stock Market Is Bouncing as Biotechs Climb on Coronavirus Vaccine Deals

Major benchmarks were mixed to start the day. The stock market has performed well lately, with even occasional downturns often reversing course quickly. That's what investors saw on Tuesday morning, as all three major market benchmarks started the morning lower before starting to regain ground. Just after 11 a.m. EDT, the Dow Jones Industrial Average…

Facebook ad boycott organizers met with Zuckerberg. It didn’t go well

(CNN Business)Civil rights and activist groups blasted Facebook's leadership on Tuesday after meeting with CEO Mark Zuckerberg and other executives to discuss the demands of a large advertiser boycott that now includes hundreds of brands."The meeting we just left was a disappointment," said Rashad Robinson, the president of Color of Change. "[Facebook] showed up to…

Stock futures flat following sell-off on Wall Street

U.S. stock futures were flat in overnight trading, following weakness in equities in the previous session. Dow futures rose 40 points, indicating a gain of 0.16%. The S&P 500 and Nasdaq-100 also were set to open higher, with gains of 0.08% and 0.12%, respectively. On Tuesday, the Dow Jones Industrial Average fell 397 points, or 1.5%, breaking…

Audi reveals a sporty version of its upcoming electric Q4 SUV

Audi has unveiled concept renderings of a new “Sportback” version of the Q4 E-Tron electric SUV that it debuted last year. Meant to serve as a smaller and more affordable option to the flagship E-Tron, the Q4s are expected to go on sale in 2021 and will start at around $45,000. The Q4 and the…

Diversify? Almost half of Warren Buffett’s Berkshire Hathaway portfolio comprises a single stock

The Number One Published: July 7, 2020 at 5:35 p.m. ET Berkshire now owns more than $91 billion worth of Apple’s stock, which comprises 43% of the total conglomerate’s portfolio MarketWatch photo illustration/Getty Images Warren Buffett once said that “diversification is protection against ignorance. It makes little sense if you know what you are doing.”…

EIA Raises Brent Crude Oil Price Outlook

The Energy Information Administration raised its price outlook for Brent crude to $41 per barrel for the second half of 2020—this is $4 per barrel higher than the EIA’s forecast last month.In its Short-Term Energy Outlook (STEs expectation that global oil inventories will continue to decline in the second half of the year and throughout…

Jimmy John’s employees fired after playing with a noose made out of dough and filming it

(CNN)Employees at a Jimmy John's sandwich shop in Georgia have been fired after filming themselves with a noose made of dough and simulating a hanging. In the 16-second clip, which was first shared on Snapchat, a White Jimmy John's employee fits his head through the dough, knotted and fashioned to look like a noose.Employees can…

CFPB Strips Some Consumer Protections For Payday Loans

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Rocket Mortgage parent files for IPO

Published: July 7, 2020 at 5:01 p.m. ET Rocket Mortgage parent Rocket Cos. Inc. has filed for an initial public offering, seeking to sell an undisclosed amount of shares and list them on the New York Stock Exchange under the symbol RKT. The Detroit-based holdings company said in the late Tuesday filing it earned $97.7…

Spied: New 2021 Ford Bronco Interior Revealed Plus All the 2021 Jeep Wrangler Updates To Compete

Spied: New 2021 Ford Bronco Interior Revealed Plus All the 2021 Jeep Wrangler Updates To Compete - The Fast Lane Car


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