James McLeod of Financial Post speaks with Larysa Harapyn about the business and political implications of a potential TikTok sale to Microsoft. Read More
Category: Strategy Management
JPMorgan's chief U.S. equity strategist says investors should be looking to buy virus laggards
"It's very hard to time this by the day, by the week but I think this is what people need to be thinking about in the coming period," JPMorgan's Dubravko Lakos-Bujas told CNBC.
New York’s public transit asks Apple to solve this iPhone problem
New York’s mass transit agency wants Apple to come up with a better way for iPhone users to unlock their phones without taking off their masks, as it seeks to guard against the spread of the coronavirus in buses and subways.
In a letter to CEO Tim Cook obtained by The Associated Press, Metropolitan Transportation Authority Chairman Patrick Foye said riders have been seen removing their masks to unlock their phones using face-recognition technology, despite a recent update by Apple that simplifies the unlock process for people wearing masks.
Previously, an iPhone user wearing a mask would have to wait a few seconds as face recognition software tried to identify them before they eventually could enter a passcode. In response to the pandemic, Apple’s iOS 13.5, released in May, automatically presents the passcode field after a user swipes up from the bottom of the lock screen. Also, Apple Pay Express … Read the rest
Amazon reportedly discussing using former J.C. Penney and Sears stores as fulfillment centers
The Sears and J.C. Penney locations could give Amazon more fulfillment center space, closer to customers, where delivery drivers could come unload and pick up packages.
Black-owned food businesses are seeing a surge in publicity and customers—and hope that investors are next
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It was a regular afternoon in May for Denise Woodard. Her daughter raced past in the background while she attended Zoom meetings from her Jersey City apartment in the black leggings and T-shirt combo that had been her uniform even before coronavirus. But when she went to check her email, the founder of Partake Foods experienced something new: hundreds of new messages, all from retailers and companies interested in selling her vegan, allergy-friendly, gluten-free cookies.
Before the pandemic, Woodard’s company Partake Foods was already set to launch nationwide with Target and hit 2,700 stores by the end of 2020. But after the murder of George Floyd by Minnesota police officers, Woodard and other Black business owners suddenly found themselves receiving more attention, the kind of interest from … Read the rest
Coronavirus punishes Warren Buffett, as Berkshire Hathaway takes almost $10 billion writedown
Berkshire Hathaway Inc on Saturday announced a US$9.8 billion writedown and 10,000 job losses at its Precision Castparts aircraft and industrial parts unit, as the coronavirus pandemic caused widespread pain at Warren Buffett’s conglomerate, Berkshire Hathaway Inc. Read More
TikTok plans to sue Trump administration over ban as soon as Tuesday, report says
TikTok will file the federal lawsuit against the administration as soon as Tuesday, NPR reported, citing a person directly involved in the matter.
How Ghislaine Maxwell’s arrest upended the filming of ‘Surviving Jeffrey Epstein’
The filmmakers behind “Surviving Jeffrey Epstein” moved quickly when Ghislaine Maxwell was arrested on federal charges that she acted as a recruiter for the financier’s sexual abuse.
The fourth episode of the new Lifetime docuseries, which was intended to be a round-table with survivors, was redone to focus on Maxwell’s alleged crimes and her grooming of potential victims.
Filmmakers also incorporated more of Maxwell’s story into the series overall and conducted additional interviews. The four-part series was delivered at Lifetime just days before its Sunday premiere.
“If your timing can be great, our timing was great,” said executive producer Robert Friedman.
Lifetime via AP
This wasn’t the … Read the rest
Canada to slap U.S. with $3.6 billion in tariffs in retaliation for aluminum duty
The Trudeau government will respond to U.S. President Donald Trump’s move to once again slap tariffs on Canadian aluminum by firing back with approximately $3.6 billion in tariffs of its own, Deputy Prime Minister Chrystia Freeland said Friday. Read More