WASHINGTON—The White House plans to host the chief executives of major U.S. companies including auto and tech sector firms on Wednesday to discuss President Joe Biden’s signature $1.75 trillion Build Back Better legislation. General Motors CEO Mary Barra, Ford Motor CEO Jim Farley, Salesforce co-CEO Marc Benioff, Microsoft President Brad Smith, Etsy CEO Josh Silverman,…
White House to Host GM, Ford Among CEOs at Meeting on Spending Push
January 26, 2022
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‘Fight Club’ Receives Alternative Ending on Chinese Streaming Service
January 26, 2022
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News Analysis The cult classic American movie “Fight Club” has found its way to the popular Chinese streaming service Tencent—albeit with a new ending, possibly as a result of Chinese regime censorship. Those familiar with the movie will likely remember its ending, in which Edward Norton’s unnamed protagonist, after having “killed” his alter-ego Tyler Durden,…
Wall Street Opens Higher Ahead of Fed Announcement
Wall Street’s main indexes opened higher on Wednesday after two sessions of turbulent trading, supported by a stellar outlook from Microsoft and ahead of a Federal Reserve policy meeting announcement for cues on its plans to curb inflation. The Dow Jones Industrial Average rose 223.09 points, or 0.65 percent, at the open to 34,520.82. The…
Nasdaq Futures Jump 2 Percent After Microsoft’s Strong Forecast; Fed Decision Looms
U.S. stock index futures jumped on Wednesday following two days of turbulent trading, helped by stellar results from Microsoft, while investors looked to the outcome of the Federal Reserve’s policy meeting. Microsoft Corp. gained 3.9 percent premarket after the Windows maker forecast revenue for the current quarter broadly ahead of Wall Street targets, driven in…
Hyundai Motor Expects Vehicle Production to Rebound in H1 as Chip Supply Improves
SEOUL—South Korea’s Hyundai Motor Co forecast on Tuesday its vehicle production would rebound in the first half of this year as a global chip shortage is expected to ease gradually from the second quarter. “The normalization of auto chip supply and demand is expected in the third quarter, when the capacity of semiconductor companies is…
Google Loses Bid Against Arizona State Lawsuit Over Location Tracking
January 25, 2022
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Alphabet Inc.’s Google lost its bid to end a lawsuit by the State of Arizona on Jan. 25 that alleged it deceived users in order to access their location data. The state’s lawsuit, filed by Arizona Attorney General Mark Brnovich, alleged that Google had used unfair and deceptive practices to obtain users’ location data, which it secretly…
Three US States, DC Sue Google Over Location-Tracking
January 25, 2022
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WASHINGTON—Texas, Indiana, Washington State, and the District of Columbia sued Alphabet Inc.’s Google on Monday over what they called deceptive location-tracking practices that invade users’ privacy. “Google falsely led consumers to believe that changing their account and device settings would allow customers to protect their privacy and control what personal data the company could access,”…
Amazon Could Face Claims by US Agency Over Union Supporter’s Firing
Amazon.com Inc. may soon face claims from a U.S. labor board that it unlawfully fired a vocal union supporter at a New York warehouse in the midst of an organizing campaign. A National Labor Relations Board (NLRB) official in Brooklyn recently found that claims involving the worker, Daequan Smith, had merit and plans to issue…
Why This Popular Analyst Believes Microsoft Will Announce Another ‘Robust’ Quarterly Earnings on Tuesday
Wedbush analyst Daniel Ives said in a note that Microsoft Corporation’s “underlying growth story is built around the game-changing enterprise cloud transformation.” The Microsoft Analyst Ives has an “outperform” rating on the Satya Nadella-led company with a 12-month price target of $375. The Microsoft Thesis Writing ahead of Microsoft’s second-quarter earnings due Tuesday, Ives said—based…
UBS Turns Bullish on Fox; Sees 33 Percent Upside
UBS analyst John Hodulik upgraded Fox Corp. to Buy from Neutral with a price target of $50, up from $42, suggesting an upside of 32.66 percent. The analyst sees the company as better positioned given its sports betting optionality, measured DTC spend, and leadership within the legacy Pay TV bundle with its sports and news focus. Hodulik adds…
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