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June 11, 2021

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Meme stocks hit a wall on Thursday with GameStop, AMC and Clover down big

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CNBC – For more and to sign up click here The WallStreetBets forum on the Reddit Inc. website on a laptop computer and the logo on a smartphone arranged in Hastings-On-Hudson, New York, U.S., on Friday, Jan. 29, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Images The meme-stock mania created......

Democrats circulate draft antitrust bills that could reshape Apple, Amazon, Facebook and Google

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CNBC – For more and to sign up click here U.S. House Impeachment manager David Cicilline (D-RI) speaks on the second day of former President Donald Trump’s second impeachment trial at the U.S. Capitol on February 10, 2021 in Washington, DC. congress.gov via Getty Images A group of House Democrats......

GameStop sales rise 25% as retailer chases e-commerce growth, says it may sell 5 million shares

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CNBC – For more and to sign up click here SELINSGROVE, PENNSYLVANIA, UNITED STATES – 2021/01/27: A woman walks past the GameStop store inside the Susquehanna Valley Mall. An online group sent share prices of GameStop (GME) and AMC Entertainment Holdings Inc. (AMC) soaring in an attempt to squeeze short......

Attorney General Garland vows billionaire tax leak to ProPublica will be ‘top of my list’ to investigate

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CNBC – For more and to sign up click here US Attorney General Merrick Garland testifies before at a hearing of the Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies on the 2022 proposed budget for the Justice Department, on June 9, 2021, in Washington, DC. Susan Walsh......

GameStop names former Amazon execs Matt Furlong, Mike Recupero as its new CEO, CFO

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CNBC – For more and to sign up click here A man looks at GameStop at 6th Avenue on February 25, 2021 in New York. John Smith | Corbis News | Getty Images GameStop said Wednesday that it has appointed former Amazon executive Matt Furlong as its new CEO. It......

Amazon has signed up multiple companies to its telehealth service, executive says

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CNBC – For more and to sign up click here Amazon employees are told they can get health care on call Amazon has attracted multiple companies that are interested in using its telehealth service, known as Amazon Care, company executive Babak Parviz said Wednesday. “We’ve had quite a bit of......

Amazon’s Sidewalk program has launched. Here’s how to opt out.

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CBS News – For more and to sign up click here Amazon launched new technology this week to share internet among its customers, which the company says will improve the performance of some devices. But it also has some privacy advocates concerned. If you own certain Alexa-enabled Echo devices or......

Anthony Scaramucci says he accepts bitcoin’s volatility, sees upside as it challenges gold

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CNBC – For more and to sign up click here Investors will need to accept the trajectory and level of volatility in bitcoin as the digital currency becomes more widely adopted globally, according to SkyBridge Capital’s Anthony Scaramucci. Following a run to an all-time high above $63,000 in April, the......

Bezos, Buffett, Bloomberg, Musk, Icahn and Soros pay tiny fraction of wealth in income taxes, report reveals

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CNBC – For more and to sign up click here Some of the world’s richest men — Jeff Bezos, Elon Musk, Warren Buffett, Carl Icahn, Michael Bloomberg and George Soros — pay just a tiny fraction of their increasing wealth in taxes, and in some cases pay no taxes in......

Marc Benioff reveals investment in SpaceX, but says he’d need ‘a couple of Ativans’ to leave Earth

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CNBC – For more and to sign up click here A SpaceX Falcon 9 rocket with a Dragon 2 spacecraft carrying supplies to the International Space Station lifts off from pad 39A at the Kennedy Space Center. This is the 22nd resupply mission for NASA by SpaceX. Paul Hennessy |......

Op-ed: Quality TV news could be a casualty of the streaming wars

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CNBC – For more and to sign up click here There has been an enormous amount of focus in the media world over the last 18 months about how TV and movie entertainment are moving to streaming services. While Netflix has become a staple of television service in some 70......

Amazon, Google and Facebook will be hit hard by the G-7 tax deal. Here’s how they responded

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CNBC – For more and to sign up click here This photograph taken on September 28, 2017, shows a smartphone being operated in front of the logos of Google, Apple, Facebook and Amazon web giants. Damien Meyer | AFP | Getty Images The world’s biggest tech companies are facing a......

Stocks making the biggest moves in the premarket: G-III Apparel, U.S. Concrete, QTS Realty Trust & more

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CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Amazon.com (AMZN) – CEO Jeff Bezos announced that he and his brother Mark will join an auction winner aboard the first human spaceflight by Bezos’ Blue Origin on......

France fines Google $267 million for abusing ‘dominant position’ in online advertising

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CNBC – For more and to sign up click here Sundar Pichai, chief executive officer at Google LLC, speaks during the Google Cloud Next ’19 event in San Francisco, California, U.S., on Tuesday, April 9, 2019. Michael Short | Bloomberg | Getty Images France’s competition watchdog has fined Google 220......

Amazon health care threat? Teladoc CEO says it’s ‘overrated,’ but he should be worried

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CNBC – For more and to sign up click here The Amazon Pharmacy home screen on a smartphone arranged in the Brooklyn Borough of New York, U.S., on Tuesday, Nov. 17, 2020. Gabby Jones | Bloomberg | Getty Images Ask a sports star before a game whether their team is......

How software got so noisy, and why it’s probably going to stay that way

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CNBC – For more and to sign up click here The wife of the photographer works in home office during the coronavirus pandemic on March 01, 2021 in Berlin, Germany. German authorities have confirmed the country has entered a third wave of the pandemic due to the spread of the......

Tech companies made big pledges to fight racism last year — here’s how they’re doing so far

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CNBC – For more and to sign up click here Demonstrators gather at the Lincoln Memorial during a protest against police brutality and racism on June 6, 2020 in Washington, DC. Win McNamee Last June, social media feeds became flooded with corporate statements about how companies would promote racial equity......

California will allow GM-backed Cruise to transport passengers in driverless test vehicles

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CNBC – For more and to sign up click here Cruise Origin driverless shuttle Cruise Cruise, the autonomous vehicle company that’s majority owned by General Motors, may soon be giving rides in driverless test vehicles to passengers in California. The California Public Utilities Commission (CPUC) said on Friday that Cruise......

Google is moving parts of YouTube to its cloud service

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CNBC – For more and to sign up click here Sundar Pichai, Alphabet CEO David Paul Morris | Bloomberg | Getty Images Google is moving parts of its popular YouTube video service from the advertising company’s internal data center infrastructure to the company’s cloud service, the head of Google’s cloud......

A TikTok tune is becoming Sally Beauty’s new anthem as it embraces vivid hair color to fuel growth

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CNBC – For more and to sign up click here TikTok creator and musician Hannah Chelan inspired Sally Beauty’s new marketing campaign. She shared a song about colored hair that went viral on the social media platform. Sally Beauty Holdings When Sally Beauty employees saw a viral video on TikTok......

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