Category: Business

Washington Post Blames Source for Falsified Trump Comments on Georgia Election

The Washington Post in a recent correction revealed it printed falsified quotes attributed to former President Donald Trump. A recording of Trump’s December 2020 phone call with an investigator working from Georgia Secretary of State Brad Raffensperger’s office was sent to media outlets last week. In a March 11 update to a story originally published…


Yellen Says Wealth Tax Not Off the Table as Biden Mulls How to Pay for Programs

Treasury Secretary Janet Yellen said the Biden administration is looking at raising taxes on wealthy Americans and corporations—and may mull an outright wealth tax—to pay for future programs, as attention turns to funding measures for the next big-ticket legislative pushes likes the infrastructure plan. Yellen made the remarks in an interview Sunday on ABC’s “This…


Yellen Says Wealth Tax Not Off the Table as Biden Considers How to Pay for Programs

Treasury Secretary Janet Yellen said the Biden administration is looking at raising taxes on wealthy Americans and corporations—and may consider an outright wealth tax—to pay for future programs, as attention turns to funding measures for the next big-ticket legislative pushes such as an infrastructure plan. Yellen made the remarks in a March 14 interview on ABC’s…


MyPillow CEO Says New App Will Be ‘Safe Place’ for Those Canceled by YouTube, Twitter

MyPillow founder and CEO Mike Lindell said Sunday that the social media platform he’s launching in the coming weeks will be a “safe place” for those who have been “canceled” by big tech platforms such as YouTube and Twitter. “You won’t have to walk on eggshells anymore,” said Lindell, whose personal and MyPillow accounts were…


Microsoft Could Reap More Than $150 Million in New US Cyber Spending, Upsetting Some Lawmakers

SAN FRANCISCO/WASHINGTON—Microsoft stands to receive nearly a quarter of Covid relief funds destined for U.S. cybersecurity defenders, sources told Reuters, angering some lawmakers who don’t want to increase funding for a company whose software was recently at the heart of two big hacks. Congress allocated the funds at issue in the COVID relief bill signed…


Coca-Cola’s New Guidelines to Penalize Outside Law Firms for Not Being Diverse Enough

Coca-Cola has rolled out new diversity guidelines for outside legal counsel, including requiring law firms to provide 30 percent of billed time from “diverse attorneys,” of which at least half must be African American. Bradley Gayton, general counsel for Coca-Cola, introduced the guidelines with a “heavy heart,” telling law firms in a Jan. 28 letter that…


Coca-Cola to Penalize Outside Law Firms for Not Being Diverse Enough

Coca-Cola has rolled out new diversity guidelines for outside legal counsel, including requiring law firms to provide 30 percent of billed time from “diverse attorneys,” of which at least half must be African American. Bradley Gayton, general counsel for Coca-Cola, introduced the guidelines with a “heavy heart,” telling law firms in a Jan. 28 letter that…


Bitcoin ATMs Are Coming to a Gas Station Near You

A new feature has appeared at smoke shops in Montana, gas stations in the Carolinas and delis in far-flung corners of New York City: a brightly-lit bitcoin ATM, where customers can buy or sell digital currency, and sometimes extract hard cash. The machines have multiplied quickly through the United States over the past year, fueled…


US White Wheat Growers Cash In As China Snaps Up Supplies

CHICAGO/BEIJING—China is scooping up supplies of U.S. white wheat to feed livestock, pushing export forecasts for the grain usually used to make sponge cakes and noodles to a 27-year high. The purchases are the latest disruption in commodities markets caused by Chinese buying of grains and oilseeds during the coronavirus pandemic, pushing prices of major…


China Market Regulator Fines 12 Firms for Violating Anti-Monopoly Law

BEIJING—China’s market regulator said on Friday it had fined 12 companies related to 10 deals that violated anti-monopoly rules. The companies included Baidu Inc., Tencent Holdings, Didi Chuxing, SoftBank, and a ByteDance-backed firm, the State Administration for Market Regulation (SAMR) said in a statement on Friday. The companies were fined 500,000 yuan ($77,000) each for…