TOKYO—Global shares were mostly lower Wednesday as investors fretted that the Federal Reserve might raise interest rates faster if the pressure stays high on inflation. France’s CAC 40 shed 0.2 percent to 7,325.65 in early trading. Britain’s FTSE 100 dipped 0.3 percent to 7,898.54. Germany’s DAX inched down less than 0.1 percent to 15,555.97. U.S….
Global Stocks Fall Amid Fears About Faster Rate Hikes
March 8, 2023
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Senior Intelligence Official Warns of TikTok’s Influence on US Citizens
March 8, 2023
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Big Tech, Censorship, and SocialismBusiness & MarketsChineseCompaniescongressFeatured TopicsIntelligenceMedia & Big TechNational SecurityPoliticsTikTokUSUS News
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U.S. National Security Agency Director Paul Nakasone has said he is concerned about what data Chinese-owned TikTok may be collecting on users and how it could influence American children. Nakasone expressed his concerns during testimony delivered before the Senate Armed Services Committee on March 7. Asked by Sen. Tommy Tuberville (R-Ala.) about any worries he has about TikTok’s…
US Invested in mRNA Vaccines for Decades Pre-Pandemic
March 8, 2023
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AMERICABusiness & MarketsCCP VirusCompaniesCOVID-19Health & SafetyLifestyleModernaPfizerScienceScience NewsUSUS NewsVaccines & Safety
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In the first study to systematically examine the public investments in mRNA vaccines, researchers have found that the U.S. government was substantially invested in COVID-19 decades before the pandemic. Published in the British Medical Journal on March 3, the study found that the government invested $31.9 billion in mRNA vaccines and technologies between 1985 and…
Musk Says Twitter Could Be Cash Flow-Positive Next Quarter
Twitter Chief Executive Elon Musk said on Tuesday that the company had “a shot” at being cash flow-positive next quarter, as the social media platform has been aggressively cutting costs. Musk, speaking at a Morgan Stanley investor conference that was webcast, said it was “startling” how poorly Twitter managed to make money off its messaging…
EU, UK, Swiss Probe Suspected Fragrance Cartel, Givaudan Confirms Cooperation
BRUSSELS/ZURICH—Swiss fragrance and flavor maker Givaudan said on Tuesday that it was being investigated by European Union and Swiss antitrust authorities after the EU announced earlier it had raided several companies on concerns of a cartel in the supply of fragrances and fragrance ingredients. The UK competition agency also opened an investigation into the same…
Walmart Will Derive More Profit From Services, Ad Sales in Next 5 Years: CFO
NEW YORK—More of Walmart’s future profitability is likely to come from its sales of ads on Walmart.com and from fees it collects from merchants using its online marketplace and delivery services, than from sales of merchandise at its 10,000 stores, its chief financial officer said on Tuesday. “Today, the vast majority of our overall profits…
Amazon Worker Loses Bid for California Class Action Over Remote Work Expenses
Amazon.com Inc. on Tuesday defeated a proposed class action lawsuit on behalf of nearly 7,000 workers in California that claimed the company should have reimbursed employees who worked remotely during the COVID-19 pandemic for home office expenses. U.S. District Judge Vincent Chhabria in San Francisco said the named plaintiff, David Williams, failed to show that…
Opposition Leader Uses S-Word to Describe Labor Government’s Economic Policies
Opposition leader Peter Dutton has delivered a stinging criticism of the Labor government’s economic policies and accused it of experimenting with socialism. Dutton launched salvos at the government’s net-zero policy, near-compulsory multi-employer bargaining laws, and superannuation changes, as well as questioning its commitment to the Stage Three individual tax cuts. “In his meandering essay, Treasurer…
Weaponization of Government Panel Says FTC Orchestrated ‘Aggressive Campaign to Harass Twitter’
March 7, 2023
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Big Tech, Censorship, and SocialismBusiness & MarketsCompaniescongressExecutive BranchFeatured TopicsFTCMedia & Big TechPoliticsSelect Subcommittee on the Weaponization of the Federal GovernmentTwitterUSUS News
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The House panel investigating the weaponization of the federal government said Tuesday the Federal Trade Commission (FTC) has orchestrated “an aggressive campaign to harass Twitter” as part of its “unusual response” to Elon Musk’s acquisition of the social network. The Committee on the Judiciary and the Select Subcommittee on the Weaponization of the Federal Government…
Plane Refuellers Strike Threatens to Disrupt Flights
A 24-hour strike by workers who refuel Qantas and other international airline planes at Melbourne Airport is threatening to disrupt flights. The industrial action from 4 a.m. on Wednesday to 4 a.m. on Thursday is a push for better pay and conditions for the workers employed by the Rivet Group, The Transport Workers Union said….
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