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July 6, 2020

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CNBC Business

Patrick Mahomes’ 10-year extension with Kansas City Chiefs is worth more than $400 million

CNBC
by CNBC00
CNBC – For more and to sign up click here Patrick Mahomes #15 of the Kansas City Chiefs holds up the Lamar Hunt trophy after defeating the Tennessee Titans in the AFC Championship Game at Arrowhead Stadium on January 19, 2020 in Kansas City, Missouri. Tom Pennington The Kansas City......
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CNBC Business

NAACP CEO on ‘Stop Hate for Profit’ campaign: Facebook should be useful for targeting ads, not hate

CNBC
by CNBC01
CNBC – For more and to sign up click here NAACP’s Derrick Johnson, in the midst of leading a corporate boycott against the largest social media company, on Monday told CNBC that Facebook should be a place for targeting ads but not targeting hate. “It is a platform. It is a......
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CNBC Business

Three reasons why India cannot immediately disengage from China, despite geopolitical tensions

CNBC
by CNBC011
CNBC – For more and to sign up click here A person holds up a poster calling for the boycott of Chinese mobile apps during a protest on June 30, 2020 in New Delhi, India. Vipin Kumar | Hindustan Times | Getty Images A border clash with China in the......
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CNBC Business

Amazon delivery contractors were among recipients of government payroll loans

CNBC
by CNBC00
CNBC – For more and to sign up click here Dozens of companies that handle last-mile delivery for Amazon received funds from the government’s coronavirus relief program, according to data released Monday.  Peregrine Express, Rapid Logistics, Systemize Logistics, Sheffield Express and Valdivia Logistics each received at least $1 million in loans,......
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CNBC Business

Small business coronavirus relief loan database contains some big errors, firms say

CNBC
by CNBC07
CNBC – For more and to sign up click here Geraldine Brimley Source: Geraldine Brimley They can’t show you the money because they didn’t get it — despite what the government says. Several companies that purportedly received forgivable loans as part of a federal relief program said that they did not......
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CNBC Business

Uber’s deal for Postmates shouldn’t distract investors from its troubled ride-sharing business

CNBC
by CNBC010
CNBC – For more and to sign up click here Dara Khosrowshahi, CEO of Uber, speaking at the 2019 DealBook Conference in New York on Nov. 6th, 2019. Photo: Mike Cohen Nothing Uber does in food delivery can conceal a critical quandary facing the company — Covid-19 is wreaking havoc......
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CNBC Business

Uber to buy food-delivery service Postmates for $2.65 billion in stock

CNBC
by CNBC07
CNBC – For more and to sign up click here Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., listens during a panel discussion at the Bloomberg Global Business Forum in New York, U.S., on Wednesday, Sept. 26, 2018. Mark Kauzlarich | Bloomberg | Getty Images Uber has bought food-delivery......
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CNBC Business

Tesla mocks short-sellers with a sale of red satin shorts

CNBC
by CNBC07
CNBC – For more and to sign up click here After surpassing Toyota Motor as the world’s most valuable automaker and stunning with forecast-beating deliveries, Tesla has taken time out to poke fun at the company’s naysayers — with sales of red satin shorts. “Limited edition short shorts now available,” CEO......
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CNBC Business

Uber and Postmates reportedly agree on a $2.65 billion all-stock deal

CNBC
by CNBC08
CNBC – For more and to sign up click here Close-up of sign for the popular app-based food and supplies deliver service Postmates, in the Gourmet Ghetto (North Shattuck) neighborhood of Berkeley, California, October 6, 2017.  Smith Collection/Gado | Archive Photos | Getty Images Ride-sharing company Uber Technologies has agreed......
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CNBC Business

UK to phase out Huawei gear from 5G networks in a major policy U-turn after U.S. sanctions, reports say

CNBC
by CNBC010
CNBC – For more and to sign up click here Britain is set to phase out Huawei equipment from its 5G mobile networks this year, the U.K. press reported over the weekend. If so, it marks a major U-turn in the government’s position on the Chinese telecommunications giant. The government......
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CBS US News

Seat back safety standards in U.S. cars under intense scrutiny

CBS News
by CBS News00
CBS News – For more and to sign up click here Watch CBSN Live About one child dies every week in the U.S. due to unsafe car seat backs, the safety standards for which have not been updated since the 1960s. Now, lawmakers are pushing to have the standards updated......
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CNBC Business

Tech workers are opening their wallets to beat Trump even with stock prices soaring and profits near records

CNBC
by CNBC012
CNBC – For more and to sign up click here US President Donald Trump (r) and Apple CEO Tim Cook speak to the press during a tour of the Flextronics computer manufacturing facility where Apple’s Mac Pros are assembled in Austin, Texas, on November 20, 2019. Mandel Ngan | AFP......
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CNBC Business

The CEO of a major advertising trade group says the Facebook boycott is a turning point

CNBC
by CNBC012
CNBC – For more and to sign up click here CEO of the World Federation of Advertisers (WFA) Stephan Loerke. Eric Piermont/AFP World Federation of Advertisers CEO Stephan Loerke says he believes the slew of big brands publicly switching off social media advertising aren’t likely to come back until real......
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CNBC Business

Air travel in six months: What it will look like

CNBC
by CNBC010
CNBC – For more and to sign up click here Summer vacations used to mean wine tasting in Tuscany, backpacking in Southeast Asia or trips to the Grand Canyon. But fears that airplanes could be a breeding ground for Covid-19 infections have wreaked havoc on the air travel industry. “This......
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CNBC Business

Why coronavirus contact-tracing apps aren’t yet the ‘game changer’ authorities hoped they’d be

CNBC
by CNBC09
CNBC – For more and to sign up click here Germany’s coronavirus contact-tracing app, Corona-Warn, is displayed on an iPhone in Berlin on Tuesday, June 16, 2020. Krisztian Bocsi | Bloomberg via Getty Images Coronavirus contact-tracing apps were meant to play a significant role in how some countries dealt with......
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CNBC Business

Intel to invest in Jio Platforms, after Facebook’s $5.7 billion bet on the Indian telco

CNBC
by CNBC07
CNBC – For more and to sign up click here Mukesh D. Ambani, chairman of Reliance Industries Ltd., attends the Ajay Mushran Memorial Lecture in New Delhi, India, on Sunday, July 10, 2011. Pankaj Nangia | Bloomberg | Getty Images Intel is investing over $250 million in Indian telco Jio......
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CNBC Business

Twitter teases an edit function, but only ‘when everyone wears a mask’

CNBC
by CNBC014
CNBC – For more and to sign up click here Jack Dorsey, chief executive officer and co-founder of Square Inc., speaks during a Bloomberg Television interview on Wednesday, Aug. 2, 2017. Bloombeg | Getty Images Twitter has said it will start letting people edit their tweets when there is widespread......
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CNBC Business

Top Alibaba exec fired for helping girlfriend secure a job and accepting gifts, internal memo says

CNBC
by CNBC011
CNBC – For more and to sign up click here The Alibaba Group Holdings Ltd. headquarters stand illuminated at night ahead of the annual November 11 Singles’ Day online shopping event in Hangzhou, China, on Sunday, Nov. 10, 2019. Qilai Shen | Bloomberg | Getty Images Alibaba has fired the......
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In the News

People Are Sharing Pics Of The Worst Software Fails They’ve Encountered And They’re Hilarious

IA
by IA01
Turns out, there’s a whole subreddit dedicated to celebrating software acting outside its parameters and its unpredictable malfunctions. It sounds geeky, but believe me, you don’t need to be a hacker to appreciate it. Nearly 1 million members belong to the online community, sharing pics and videos of the biggest......
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CNBC Business

IPOs in Hong Kong and Shanghai pop, despite pandemic, tensions with the U.S.

CNBC
by CNBC012
CNBC – For more and to sign up click here The Hong Kong exchange building. Vincent Isore | IP3 | Getty Images Initial public offerings (IPOs) in greater China jumped in the first half of this year, bucking the declines seen elsewhere due to the impact of the coronavirus pandemic.......
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