Tag: Media & Big Tech

Futures Rise on Tech Strength; Tesla Extends Losses

U.S. stock index futures rose on Monday as major technology stocks advanced, while investors awaited a slew of retail earnings and economic data this week to gauge the health of consumer spending. The three major Wall Street indexes had fallen between 0.3 percent and 0.7 percent last week on concerns over high inflation and weakening…


Wall Street Supported by Tech; Tesla Extends Losses

U.S. stock indexes were buoyed by technology stocks on Monday as concerns over rising inflation saw investors shift to economically resilient sectors ahead of major retail earnings and data this week. The S&P technology and communication services sectors were the best performers in early trade, adding 0.4 percent and 0.6 percent, respectively, while Meta Platforms…


Amazon Worker Group in New York Withdraws Petition for Union Vote

SAN FRANCISCO—A group of Amazon.com Inc. workers in New York City’s Staten Island have withdrawn a petition to hold a union election, marking a setback in a growing push by organized labor to bring the online retailer’s staff into the fold. The group, known as the Amazon Labor Union, which is not affiliated with a…


Rising Gasoline Prices Make ‘Even Stronger Case’ for More Government Spending on Green Energy: White House

White House Press Secretary Jen Psaki told reporters at a Nov. 12 briefing that rising gasoline prices—which are up around 60 percent from a year ago—are a strong argument in favor of more government spending on green energy solutions, while dismissing suggestions that the Biden administration’s policies like halting new oil and gas drilling leases…


Republicans Express Alarm Over Biden’s FCC Nominee

President Joe Biden’s nominee to head the Federal Communications Commission (FCC), Gigi Sohn, has raised concern among Republicans concerning her strong partisan background and associations. GOP leaders have expressed disagreement as Sohn previously led a liberal group called Public Knowledge. Some conservatives fear her leadership could target broadcasters over their politics. Federal Election Commission (FEC)…


Iceland Takes Aim at Zuckerberg’s Facebook ‘Meta’ Name Change in New Parody Tourism Video

Inspired by Iceland, a communication platform promoting Iceland and Icelandic products, has taken aim at Facebook CEO Mark Zuckerberg’s video announcing the tech giant’s name change to Meta in its latest advertising campaign. On Thursday, the communication platform, which is owned and operated by Business Iceland, published a marketing video on YouTube promoting tourism in the country. The video looks eerily…


Apple Supplier Foxconn Cautious on 2022 Revenue Outlook

TAIPEI—Apple supplier Foxconn forecast on Friday that a global chip shortage would run into the second half of 2022 and its fourth-quarter revenue for electronics, including smartphones, would fall more than 15 percent. Chairman Liu Young-way said during a conference call that Foxconn was cautious about its 2022 revenue outlook, citing uncertainties surrounding the coronavirus…


Futures Edge Higher on Boost From J&J, Tech Stocks

U.S. stock index futures edged higher on Friday as Johnson & Johnson and technology stocks led gains at the end of a week scarred by deepening concerns over prolonged inflation. All the major U.S. indexes were set for a more than 1 percent weekly drop, their first since the week ended Oct. 1, as hot…


Wall Street Powers Higher on J&J, Big Tech Boost

U.S. stock indexes rose on Friday, as Johnson & Johnson and big technology and communication stocks led gains at the end of a week scarred by deepening concerns over prolonged inflation. Johnson & Johnson rose 1.4 percent after saying it planned to break up into two companies focused on its consumer health business and the…


CBS Deletes Post Saying Kyle Rittenhouse ‘Murdered’ Two Men

CBS on Thursday deleted a social media post that alleged Kyle Rittenhouse “murdered two men” in Kenosha, Wisconsin last year. Rittenhouse, 18, is on trial for fatally shooting two men and wounding another. One of the men had his hand over Rittenhouse’s rifle barrel, according to a pathologist’s testimony. Another smacked Rittenhouse with a skateboard…