Wednesday , July 8 2020

Tag Archives: political

Civil-Rights Groups Express Disappointment With Facebook Meeting

Civil-rights advocates came out of a meeting Tuesday with Facebook Inc. Chief Executive Mark Zuckerberg saying they didn’t make progress on their demands over how the social-media giant polices the platform. The lack of headway, one week into a boycott by some of the company’s top advertisers over the issue, …

Read More »

What User Data Does TikTok Collect and Why Is the U.S. Concerned?

U.S. Secretary of State Mike Pompeo has indicated the Trump administration is considering limiting U.S. users’ access to the popular video-messaging app TikTok. The Chinese-owned company has faced scrutiny in Washington as concerns grow that Beijing could tap the social-media platform’s information to gather data on Americans. TikTok, which has …

Read More »

Layoffs Fell in May to Pre-Coronavirus Levels

The number of Americans dismissed from their jobs fell sharply in May to match levels recorded before the coronavirus pandemic and related shutdowns caused widespread layoffs. In May, 1.8 million workers were laid off or otherwise discharged from their jobs, the Labor Department said Tuesday. That was down from 7.7 …

Read More »

Au Pairs Ensnared by Work Visa Ban

The Trump administration’s temporary ban on work visas has left thousands of parents, expecting the help of an au pair, searching for child care. The executive order signed last month includes au pairs in its six-month ban on a slate of employment-based visas, a move the administration said is meant …

Read More »

Ad Campaign Says Don't Let Covid-19 Fear Delay Doctor Visits

Several large health-care organizations are partnering on an advertising campaign to encourage people to return to their medical providers as the pandemic continues, a sign of how difficult it has been to allay fears of catching the coronavirus during visits to a doctor or pharmacy. Patients worried about contracting Covid-19 …

Read More »

Palantir, One of Silicon Valley's Oldest Startups, Files to Go Public

Palantir Technologies Inc. said it has confidentially filed paperwork with the Securities and Exchange Commission to go public, ending an extended wait that made the data analytics company one of Silicon Valley’s oldest private startups. Palantir had teased the market with plans to list shares for at least half a …

Read More »

Samsung Estimates a 22.7% Rise in Second-Quarter Operating Profit

Samsung Electronics Co. forecast a 28.5% rise in second-quarter operating profit Tuesday, as some components manufacturers ride out the coronavirus pandemic by servicing a boom in internet use fueled by remote working. The world’s largest smartphone and memory chip maker estimates operating profit of 8.1 trillion South Korean won (about …

Read More »

First Black Fed President Warns of Systemic Racism's Economic Toll

Raphael Bostic, the Federal Reserve Bank of Atlanta’s president, is shining a light on how economic and social upheaval have changed how the central bank talks and thinks about racial and economic inequality. Mr. Bostic, an economist whose work has focused on racial disparities in access to capital, has helped …

Read More »

P.F. Chang's, Girl Scouts, Boies Law Firm Among PPP Borrowers

WASHINGTON—The federal government’s Paycheck Protection Program designed to help small businesses weather fallout from the coronavirus pandemic helped a broad swath of organizations, including prominent restaurant chains, law firms and non-profits. Among the recipients the Trump administration disclosed Monday: Boies Schiller Flexner LLP, the law firm headed by antitrust litigator …

Read More »

Facebook Suspends Review of User-Data Requests by Hong Kong Authorities

HONG KONG—Facebook Inc. and its WhatsApp messaging service have suspended processing requests for user data from Hong Kong law-enforcement agencies following China’s imposition of a national-security law on the city. WhatsApp is “pausing” such reviews “pending further assessment of the impact of the National Security Law, including formal human-rights due …

Read More »

New York Municipalities Feel Budget Crunch as Pandemic Squeezes Funding

Officials in Buffalo, the second-largest city in New York, were already preparing to borrow $18 million to keep them in the black after the novel coronavirus caused municipal revenues—from parking meters to sales tax—to shrivel. But when word came from Democratic Gov. Andrew Cuomo’s administration that a $98.4 million state …

Read More »

Coronavirus Is No Cure for Health-Care Stocks

Investors are struggling to predict where the stock market is headed next. Even so, many are already betting that health-care shares won’t lead the way. The sector offered shelter⁠ for investors—followed by an outsize rebound—during the market turbulence earlier this year. With several companies scrambling to create the first effective …

Read More »

With No Summer Concerts, It's Garth Brooks at the Drive-In

Concert promoters—and fans—haven’t given up on live music, even with most summer shows wiped out by the coronavirus pandemic. The stadium shows and festivals that had been expected to make this year the biggest ever for live music have given way to virtual tours and drive-in shows. The performances don’t …

Read More »

Bond Markets Show a Japanese Future for U.S. Banks

Bonds in the U.S. and much of the rest of the developed world suggest the future of interest rates is Japanese. Banking profits and monetary policy options for the U.S. are likely to follow in time. The gap between yields on long-dated government bonds in the rest of the developed …

Read More »

Cub Investors, Taking Cues From YouTube Gurus, Help Hoist Korean Stocks

Younger people in South Korea have opened hundreds of thousands of trading accounts, hoping they will profit from turbulent markets to improve their otherwise lackluster economic prospects. The novices are part of a global wave of individual traders, who have been lured into markets by prodigious volatility and with the …

Read More »