U.S. stock indexes reversed course on Tuesday as technology stocks recovered, with investors taking comfort in Federal Reserve Chair Jerome Powell’s testimony to Congress not delivering any major surprises. Powell said the central bank’s plans to tighten monetary policy this year were not undercutting strong employment in an economy that “no longer needs or wants”…
US Labor Board Sets Dates for Union Vote at Amazon Warehouse in Alabama
January 11, 2022
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SAN FRANCISCO—The U.S. National Labor Relations Board said on Tuesday that it will send unionization ballots to workers at an Amazon.com Inc. warehouse in Bessemer, Alabama on Feb. 4. Ballots in the election, which is a re-run after the NLRB found Amazon interfered in the vote last year, will be counted starting on March 28,…
Wall Street Down Ahead of Powell Testimony
U.S. stock indexes fell on Tuesday ahead of Federal Reserve Chair Jerome Powell’s testimony that may offer fresh insight on policy tightening and the central bank’s plans to tackle inflation. Powell is set to appear before the Senate Banking Committee at 10 a.m ET for consideration for a second four-year term as head of the…
US Tech Companies Should Not Assist Communist China: Lawmaker
January 11, 2022
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Rep. Ken Buck (R-Colo.) said it is a “serious issue” that some American tech companies have chosen to please the Chinese Communist Party (CCP) in order to do business in China. “I think it is really important that we recognize just how compromised these companies are, when they deal with foreign governments and try to…
Lawmaker Says US Tech Companies Should Not Assist Communist China
January 11, 2022
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appleBusiness & EconomyCCP VirusChinaChinese RegimeCompaniesInfiltrating the Westken buckMedia & Big Technational security lawPoliticsRepublicansSpecial TopicstechnologyUSUS NewsUS-China relations
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Rep. Ken Buck (R-Colo.) said it is a “serious issue” that some American tech companies have chosen to please the Chinese Communist Party (CCP) in order to do business in China. “I think it is really important that we recognize just how compromised these companies are, when they deal with foreign governments and try to…
Apple Rivals Microsoft, Blackberry, Nokia Laughed at iPhone—15 Years Later, Here We Are
Fifteen years ago, the world was introduced to the iPhone for the very first time by Apple Inc. co-founder Steve Jobs. The iPhone Debut Jobs made the announcement that ushered the iPhone into this world on Jan. 9, 2007, and put Apple on the path to becoming the nearly $3 trillion company that it is…
Apple Analyst Explains Why Cupertino Is Tracking Ahead of Expectations in December Quarter
Apple Inc. shares, which have come off from their all-time highs reached at the start of the year, could have an impending catalyst in the form of its earnings report. The Apple Analyst KeyBanc Capital Markets analyst Brandon Nispel reiterated an Overweight rating and $191 price target on Apple shares. The Apple Thesis Apple is…
Wall Street Opens Lower as Big Tech Tumbles
Wall Street’s main indexes opened lower on Monday as heavyweight technology stocks dropped on expectations of a high interest rate environment, while big banks extended gains after U.S. Treasury yields climbed to new two-year highs. The Dow Jones Industrial Average fell 56.45 points, or 0.16 percent, at the open to 36,175.21. The S&P 500 opened…
Facebook Parent’s Head of Communications Leaves Company
The head of communications at Facebook parent Meta Platforms Inc., John Pinette, is leaving the company, the social media company said late on Friday. Chris Norton, vice president of international communications, will cover the role on an interim basis, a Meta spokesperson said in an emailed statement to Reuters. “John Pinette has left Meta. We…
Sonos Wins Google Import Ban Ruling in US Patent Fight
WASHINGTON—A U.S. trade court barred Google late Thursday from importing products that infringe home-audio company Sonos’s smart-speaker patents. The U.S. International Trade Commission affirmed an August decision that Google audio products infringed five Sonos patents and banned Google from importing “networked speaker devices” and devices that can control them like mobile phones and laptops. The…
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