Category: Companies

Twitter Drops ‘Government-Funded’ Label on News Organizations’ Profiles

Twitter stopped using the “Government-funded” and “China state-affiliated” labels for news organizations, their profiles showed on Friday. Twitter dropped the “Government-funded Media” label from the accounts of U.S.-based National Public Radio (NPR), British Broadcasting Corp. (BBC), and the Canadian Broadcasting Corporation (CBC). It also dropped the “China state-affiliated media” tag on the accounts of Xinhua…


The Bud Light Boycott Appears to Be Working

Bud Light’s sales declined in the first week of a conservative-led boycott of the brand after it partnered with transgender activist Dylan Mulvaney, according to analysis. Dave Williams of Bump Williams Consulting told industry website Brewbound that packages of Bud Light showed accelerating declines in sales and shares for the week ending April 8, when the…


18 State Attorneys General Seeking to Recall Hyundai and Kia Vehicles, Citing High Risks of Theft

Attorneys general of 18 states have written a letter to the National Highway Traffic Safety Administration (NHTSA) asking for the recall of certain models of Hyundai and Kia vehicles due to the carmakers’ failure in taking necessary steps to address the ease with which these vehicles are being stolen. The April 20 letter (pdf) asked…


Airline Worker Dies of Injuries Suffered at Texas Airport

AUSTIN, Texas—An American Airlines worker died Thursday after being injured at Austin-Bergstrom International Airport, according to airport officials. The worker was injured in the area where planes pull up to the terminal, a spokesperson at the airport in Austin, Texas, said. Austin-Travis County Emergency Medical Services said it was called shortly after 2 p.m. and…


Tesla Hikes US Prices Days After 6th Price Cut This Year

Tesla Inc. raised the U.S. prices for its Model S and X premium electric vehicles, according to its website on Thursday, although they are still 20 percent lower than the start of the year after a slew of price cuts to drum up demand. Tesla has been slashing prices globally since January, including as many…


Thefts Prompt 17 States to Urge Recall of Kia, Hyundai Cars

SACRAMENTO, Calif.—Attorneys general in 17 states on Thursday urged the federal government to recall millions of Kia and Hyundai cars because they are too easy to steal, a response to a sharp increase in thefts fueled by a viral social media challenge. Some Kia and Hyundai cars sold in the United States over the last…


Elon Musk Is ‘Personally’ Paying Twitter Blue for Some Users

Elon Musk said he’s personally paying the legacy blue checkmarks for a few celebrities who previously complained about buying the premium service championed by the new Twitter owner. On April 20, Musk kept true to his longtime promise, and celebrities, and many others who’d been verified for free but declined to sign up for Twitter’s Blue…


Wall Street Subdued at Open, Focus on Business Activity Data

U.S. stock indexes were subdued at the open on Friday as investors digested a mixed bag of earnings reports, while awaiting more data for clues on the outlook for U.S. interest rates and the economy. The Dow Jones Industrial Average rose 6.98 points, or 0.02 percent, at the open to 33,793.60. The S&P 500 opened…


House Democrat Claims ‘Twitter Files’ Journalist Matt Taibbi Gave ‘False’ Testimony’ to Congress, Threatens Jail Time

Del. Stacey Plaskett (D-Virgin Islands) has threatened “Twitter Files” journalist Matt Taibbi with up to five years in prison for allegedly providing “false and misleading” testimony before Congress last month. In an April 13 letter (pdf) to Taibbi, the lawmaker accused him of lying under oath, stating that he contradicted his congressional testimony in March about Twitter…


Stocks Struggle, Dollar Gains as Investors Scrutinize Data

LONDON—Global stocks struggled on Friday as investors pored over economic data for clues on the likelihood of more interest rate hikes and possible recession in the United States as a new earnings season unfolded. The dollar edged up and looked set for its first weekly gain in more than a month on Friday. Oil prices…