Category: Companies

Twitter to Let Users Offer Content Subscriptions in Monetization Push

April 13, 2023
Business & MarketsCompaniesMedia & Big TechmonetizationsubscriptionTwitter
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Twitter-owner Elon Musk said on Thursday users of the social media platform will be able to offer their followers subscriptions to content, including long-form text and hours-long video. Users offering the subscription, a feature they can access through the “Monetization” tab in settings, will get all the money subscribers pay apart from the charges platforms…

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Shareholders Charge Political Bias at PayPal

April 13, 2023
Business & MarketsCompaniesCorporate Equality indexHuman Rights CampaignInvestmentJPMorgan ChaseMedia & Big TechPayPalpersonal financepolitical discriminationviewpoint diversity
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The Securities and Exchange Commission (SEC) sided with conservative investors this week in their request to investigate what they say is PayPal’s systematic political and religious discrimination against customers. Over the objections of PayPal’s management, the SEC allowed a proposal by the National Center for Public Policy Research (NCPPR) to go to a shareholder vote…

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SEC Sides With Conservative Investors Charging Discrimination at PayPal

April 13, 2023
Business & MarketsCompaniesCorporate Equality indexHuman Rights CampaignInvestmentJPMorgan ChaseMedia & Big TechPayPalpersonal financepolitical discriminationviewpoint diversity
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The Securities and Exchange Commission (SEC) sided with conservative investors this week in their request to investigate what they say is PayPal’s systematic political and religious discrimination against customers. Over the objections of PayPal’s management, the SEC allowed a proposal by the National Center for Public Policy Research (NCPPR) to go to a shareholder vote…

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Conservative Shareholders Charge Discrimination at PayPal

April 13, 2023
Business & MarketsCompaniesCorporate Equality indexHuman Rights CampaignInvestmentJPMorgan ChaseMedia & Big TechPayPalpersonal financepolitical discriminationviewpoint diversity
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The Securities and Exchange Commission (SEC) sided with conservative investors this week in their request to investigate what they say is PayPal’s systematic political and religious discrimination against customers. Over the objections of PayPal’s management, the SEC allowed a proposal by the National Center for Public Policy Research (NCPPR) to go to a shareholder vote…

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Twitter Taps EToro to Let Users Trade in Stocks, Crypto

April 13, 2023
Business & MarketsCompaniescryptocryptocurrencyEToroMarketsMedia & Big TechSocial MediastocksTechtradeTwitterUSUS News
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Trading and investing platform eToro said on Thursday it has partnered with Elon Musk-led Twitter to let users access real-time prices of cryptocurrencies, stocks, and other assets, and to enable the trading of those instruments. The trading data will be available through Twitter’s Cashtags feature, which was launched in 2012 and allows users to interact…

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Wall Street Opens Higher as Economic Data Ease Rate Jitters

April 13, 2023
Business & MarketsCompanieseconomic policieseconomyinflationMarketsstocksUS
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Wall Street’s main indexes opened higher on Thursday as moderating producer prices in March and a jump in weekly jobless claims brought relief to investors worried about how far the Federal Reserve will hike interest rates to tame inflation. The Dow Jones Industrial Average rose 22.47 points, or 0.07 percent, at the open to 33,668.97….

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Credit Suisse Rescue Package Rejected by Swiss Parliament

April 13, 2023
Business & MarketsCompaniesCredit Suisseeconomic policieseconomyEuropeMarketsparliamentSwitzerlandUBSvoteWorld
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BERN—Switzerland’s parliament rejected on Wednesday the government’s 109 billion Swiss francs ($120.82 billion) aid for Credit Suisse’s merger with UBS, leaving the fallen bank’s hastily arranged rescue without a largely symbolic parliamentary blessing. While the upper house had approved the government’s contribution to the rescue package, parliament’s lower, and larger chamber, pushed back again on…

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Anheuser-Busch Lost Over $6 Billion in Market Value After Transgender Controversy

April 13, 2023
Bud LightBusiness & MarketsCompaniesDylan MulvaneyeconomyInvestmentSocial IssuestransgenderUSUS News
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Anheuser-Busch, the parent company of Bud Light, has lost more than $6 billion in market value after controversially hiring transgender social media personality Dylan Mulvaney to promote its beverage. Shares of the beer company have crashed by almost 5 percent since the start of April, after a nationwide backlash among its customer base, which normally…

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Stocks and Gold Cheer US Inflation Picture, While Dollar Slides

April 13, 2023
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON—Global shares rose on Thursday, while the dollar held near two-month lows after U.S. inflation data suggested the Federal Reserve may soon be finished raising interest rates, which in turn kept gold above $2,000 an ounce. The euro hit a 2–1/2 month high at $1.103. Investors are positive on Europe, where blue-chip stocks hit a…

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Bankrupt Crypto Exchange FTX Has Recovered $7.3 Billion in Assets

April 12, 2023
assetsBusiness & MarketsCompaniescryptocurrencyFTXMarketsrecover
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Bankrupt crypto exchange FTX has recovered over $7.3 billion in cash and liquid crypto assets, an increase of more than $800 million since January, the company’s attorney said on Wednesday at a U.S. bankruptcy court hearing in Delaware. FTX attorney Andy Dietderich said the company is starting to think about its future after months of…

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