Gutfeld examines the media coverage of Joe Biden’s first news conference as president-elect.
Gutfeld examines the media coverage of Joe Biden’s first news conference as president-elect.
The U.S. securities regulator on Tuesday proposed a pilot program to allow tech companies like Uber and Lyft to pay gig workers up to 15% of their annual compensation in equity rather than cash, a move it said was designed to reflect changes in the workforce. The Securities and Exchange Commission (SEC) said internet-based companies may have the same incentives to offer equity compensation to gig-workers as they do to employees. Until now, though, SEC rules have not allowed companies to pay gig workers in equity.
The Weeknd angrily slammed the Grammy Awards, calling them “corrupt” after the pop star walked away with zero nominations despite having multiple hits this year. The three-time Grammy winner criticized the Recording Academy on Tuesday after he was severely snubbed despite having one of the year’s biggest albums with “After Hours” and being tapped as the Super Bowl halftime headline performer. The harsh words come less than a year after the Recording Academy's ousted CEO accused the group that determines nominations in the top categories of having conflicts of interest and not engaging in a transparent selection process.
You’ve probably heard of rosehip oil before, but if you haven’t, your skin is definitely missing out.
As Disney continues to shuffle the corporate pieces in a bid to streamline its operations, Disney's networks division head Debra O'Connell fleshed out the group's organizational structures to staffers in an internal memo Tuesday afternoon, Variety has confirmed. Those changes include naming Sean Cocchia -- most recently executive vice president of business operations and general […]
China's embassy in Brazil on Tuesday said a son of President Jair Bolsonaro had harmed relations between the two countries with critical comments about telecommunications equipment firm Huawei. The rift was the latest chapter in a battle between China and the United States over U.S. claims that China's Huawei Technologies Co Ltd is a security threat. The United States imposed trade restrictions on Huawei in September.
Tokyo will urge bars and restaurants to operate shortened hours, the latest restriction to be implemented in Japan following sharp rises in COVID-19 infections, media reported on Wednesday. The city of 14 million people will ask restaurants and bars to close at 10:00 p.m. from this Saturday until Dec. 18, broadcaster TBS reported. A Tokyo government committee will meet to discuss coronavirus measures later on Wednesday, with Tokyo Governor Yuriko Koike set to hold a news conference afterwards, TBS added.
Preparations were underway on November 24 ahead of the year’s toned down Macy’s Thanksgiving Day Parade in Manhattan.In light of the coronavirus pandemic, the 2020 version of the parade was to be confined to one block instead of 2.5 miles. It will still feature performers, including the Rockettes, and the giant balloons it is known for.This video, taken on Tuesday, shows dinosaur floats sponsored by Sinclair Oil motoring down 34th Street. Among the new balloons this year are “Boss Baby,” and a Tom & Jerry float will also feature. Credit: @starman_dx_ via Storyful
Purdue Pharma LP pleaded guilty to criminal charges over the handling of its addictive prescription painkiller OxyContin, capping a deal with federal prosecutors to resolve an investigation into the drugmaker's role in the U.S. opioid crisis. During a court hearing conducted remotely on Tuesday before U.S. District Judge Madeline Cox Arleo in New Jersey, Purdue pleaded guilty to three felonies covering widespread misconduct. Members of the billionaire Sackler family who own Purdue and previously sat on the company's board were not part of Tuesday's court proceedings and have not been criminally charged.
Ready for a remix! Grammy-nominated songwriter and producer Ricky Reed, best known for firing up speaker-shaking smashes for Lizzo, Jason Derulo, Halsey, and Meghan Trainor, amongst scores of other hitmakers, has just charted himself a $4 million home in the swanky suburb of La Cañada Flintridge, about eleven miles north of downtown Los Angeles. Because […]
Brazil's debt has ballooned to unprecedented levels due to the COVID-19 pandemic and the government faces a $112 billion refinancing cliff early next year, with April's funding needs the highest ever for a single month. Publicly, at least, Treasury officials in Latin America's top economy insist there will be no problem getting investors to extend their loans. Additionally, almost all of Brazil's debt is denominated in reais and over 90% of it is held by domestic investors, many of whom are compelled to hold it by banking rules.
(Bloomberg) -- Global equities were on course for the best month on record as a rally picked up steam on Wednesday and cash continued to flow into cyclical sectors. The dollar extended its decline.Shares rose across Asia Pacific, with energy and raw-materials stocks leading gains. Futures on the S&P 500 Index pushed higher after the index closed at an all-time high and the Dow Jones Industrial Average topped 30,000 for the first time. Helping sentiment overnight was the formal start of President-elect Joe Biden’s transition, a clearer sense of what his Treasury Department will have in policy preferences under Janet Yellen and a third promising vaccine candidate. The Treasury yield curve continued to steepen on Thursday. Oil held its surge above $45 a barrel in New York, and copper reached the highest since 2014.Positive vaccine news has fueled optimism that the global economic recovery can continue despite more troubling news on the virus front, with cases rising and more U.S. states enacting restrictions ahead of the Thanksgiving holiday. Next up Wednesday comes a slew of American economic indicators, from jobless claims to readings on consumer confidence and personal income. The MSCI gauge of global shares is up 13% in November, its best month since it began in 1988.“Looking three to six months out, we do think the recovery will maintain its momentum,” Anna Han, equity strategist at Wells Fargo Securities LLC, said on Bloomberg TV. “When you see that reflation trade coming back, it’s telling you that investors are gaining confidence in growth prospects looking forward.”Elsewhere, Bitcoin rose to a three-year high, topping $19,000 as it closed in on a record. In New Zealand, bond yields climbed to the highest since July following the central bank’s quantitative easing operation.Here are some key events coming up:Minutes of the most recent Federal Open Market Committee meeting are due Wednesday.U.S. jobless claims, GDP and personal spending data come Wednesday.U.K. Chancellor of the Exchequer will lay out spending plan on Wednesday.Thursday sees a policy decision and briefing from the Bank of Korea.U.S. celebrates the Thanksgiving holiday on Thursday.The week ends with Black Friday, the traditional start of the U.S. holiday shopping season.These are the main moves in markets:StocksS&P 500 Index futures added 0.5% as of 10:25 a.m. in Tokyo. The gauge rose 1.6% on Tuesday.Japan’s Topix index advanced 1.3%.Hang Seng rose 1.1%.Shanghai Composite added 0.4%.South Korea’s Kospi index gained 0.6%.Euro Stoxx 50 futures advanced 0.7%.CurrenciesThe Bloomberg Dollar Spot Index was flat after falling 0.4%.The euro bought $1.1901, up 0.1%.The yen was at 104.49 per dollar.The offshore yuan traded at 6.5707 per dollar.BondsThe yield on 10-year Treasuries rose two basis points to 0.90%.Australia’s 10-year yield climbed four basis points to 0.94%.CommoditiesWest Texas Intermediate crude rose 0.3% to $45.01 a barrel.Gold was at $1,811.34 an ounce, up 0.2%.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- India banned another 43 Chinese apps including some of Alibaba Group Holding Ltd.’s key shopping services, expanding its mobile blacklist to more than 200 applications.The latest action encompassed a number of apps run by the e-commerce giant including Aliexpress, one of its largest malls for overseas shoppers, and Taobao Live, a fast-growing video-based marketplace. India also blocked more than a dozen dating and gaming platforms. They join some of China’s best-known apps from Tencent Holdings Ltd.’s WeChat to ByteDance Ltd.’s TikTok.The government said the bans are in the interest of national security. But the steadily growing blacklist also underscores a broader Indian effort to reduce dependence on its neighbor’s products, and further hampers efforts by China’s largest corporations to expand beyond their own borders. Tensions between the two giant Asian economies have been escalating since 20 Indian soldiers and an unknown number of Chinese troops were killed in clashes along the Himalayan frontier earlier this year.Leaders in India’s technology industry are urging the country to go even further to protect the interests of local companies against foreign rivals, or risk ceding the world’s fastest growing internet arena to Chinese and American giants. Most Chinese tech companies have yet to earn significant revenue from India, but the government’s moves threaten to cut off their access to one of the world’s fastest-growing internet economies.India has also blocked apps run by the country’s No. 1 brand Xiaomi Corp., which relies on its Mi library of services to boost demand for smartphones. The government in June had already halted Alibaba’s UC Browser, which was the second-largest in the country with a 10.2% market share, according to industry portal Statcounter.Read more: India Tech Moguls Urge Tougher Protectionism to Battle ChinaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- Edison International could cut power to more than 70,000 Southern California homes and businesses on Thanksgiving as strong winds are forecast to return to the rain-deprived region.The outages, intended to prevent power lines from sparking wildfires, would strike mountainous areas of Kern, Los Angeles, Riverside, San Bernardino and Ventura counties, according to a company website. Power would likely be out until Friday evening, Southern California Edison spokeswoman Taelor Bakewell said. The state’s utilities have resorted to preemptively cutting power during wind storms after electrical lines touched off a series of deadly blazes in recent years.Critical fire weather conditions could develop Thursday afternoon through Saturday, according to a National Weather Service forecast. Although the annual rainy season has begun in Northern California and snows have returned to the Sierra Nevada Mountains, Southern California has remained largely dry. As a result, a record-breaking fire season that has already seen more than 4.2 million acres burned across the state this year could linger into December.PG&E Corp., which serves most of Northern and Central California, reported Tuesday that it is not considering public safety blackouts this week. A spokeswoman for Sempra Energy’s San Diego-area utility said the company was monitoring the weather but had not yet issued any shutoff warnings.(Adds number of customers in first paragraph, location in second paragraph and comment from San Diego-area utility in fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
President-elect says ‘this is not a third Obama term’ in first sit-down interviewAlthough his list of cabinet nominees included many Obama-era alumni, Joe Biden said the challenges facing him were unique
When President-elect Joe Biden announced Ron Klain to be the White House Chief of Staff in his forthcoming administration, a rush of leading voices in the Democratic Party’s left wing publicly applauded the move.Then came the official nomination of Tony Blinken as secretary of state. And John Kerry as climate czar. And news reports about Janet Yellen leading the Treasury Department.Those too were met with nods of approval from some of the most vociferous forces on the left.As the the Biden transition picks up steam, what started as early sighs of relief with Klain’s appointment has ballooned into a pronounced endorsement of Biden’s initial selections to lead some of the highest-profile positions in government, with progressives giving the president-elect a hat tip on the delicate balancing act of appealing to both wings early on.“The Biden team made a really genuine effort to reach out to the left on a whole range of issues, including on foreign policy,” Matt Duss, who serves as foreign policy adviser to Sen. Bernie Sanders (I-VT), told The Daily Beast in an interview. “They understood this helped them to win and now I think they understand that it can help them govern.”Top progressives close to Sanders and others in the party’s left flank, as they tell it, are not praising Biden’s first personnel installments because they expect them to enact grassroots-oriented changes in the way Sanders would hope to. By nature of being closely aligned with Biden, they are largely institutionalists, too.But the fact that the future president has curated a slate of names that, so far, have not incited or alienated the left is considered a positive development among those who often eagerly convey grievances about Democratic officials’ policy positions and personal biographies alike.Tactically, Klain is one of Biden’s closest advisers who had a central role in molding his successful campaign against President Donald Trump. On policy, Blinken has been Biden’s right-hand on foreign affairs for over a decade, helping him craft responses to pressing geo-political issues. And Yellen is perceived among Democrats as a capable and respected former chair of the Federal Reserve appointed by Biden’s old boss, President Barack Obama.Sanders advisers and aides agree that Blinken has a history of meeting minds with progressives. Duss, who fashioned the senator’s foreign policy platform for his second presidential campaign, said that Blinken and others regularly engaged with left-leaning foreign policy groups during the general election, a strategic decision that he said has now helped create a natural bridge between the two sides. Entering a new administration with that type of dialogue within the community is essentially unprescented, he said.“Having those relationships going in and having those avenues of communication with a secretary of state is new for a secretary and for the progressive left,” Duss said.Ari Rabin-Havt, who was recently Sanders’ deputy campaign manager, agreed that top fixtures on the left are ready to engage in a productive manner with nominees announced by Biden’s transition.“What this shows is progressive leaders on individual issues are very willing to hear out the Biden administration and give honest assessments,” said Rabin-Havt. “I think if you saw a different set of people rolled out, you would see different assessments.”Progressives to Biden: Stop Dragging Bernie, He’s Saving Your AssAmong the more notable names unveiled this week, Biden’s choice of Kerry as climate envoy, who will also sit on the National Security Council, was met with a positive reception among top activists.Kerry was one of Biden’s main endorsers who also doubled as a surrogate during the campaign. During some of the more trying junctures of his bid—including in the first two primaries—Kerry loyally stumped for him, often to little fanfare, in anticipation of more fortuitous days to come.Despite Biden’s decision not to adopt the signature “Green New Deal” proposal favored adamantly by those within the movement, some pointed to Kerry’s willingness to work with progressive activists recently as one bullet point indicating momentum.Varshini Prakash, the Sunrise Movement’s executive director, said she linked up with Kerry on the Biden-Sanders taskforce, one of several areas where Biden and Sanders allies collaborated in anticipation of a post-Trump era. “He really does care about stopping climate change. That’s something we can work with,” Prakash wrote on Twitter.Biden is expected to name additional posts in the coming weeks. And some possibilities have already been met with objections. Those conversations are largely focused around former White House Chief of Staff under Obama and former Chicago Mayor Rahm Emanuel and longtime Biden hand Bruce Reed. Incoming freshman Rep. Mondaire Jones (D-NY) wrote a lengthy thread detailing his strong disapproval of Emanuel, which was subsequently echoed by like-minded members, including Alexandria Ocasio-Cortez (D-NY).Other names floated such as former Obama-era Deputy Central Intelligence Agency Director Mike Morell, who is under consideration to head up the agency, have been met with some Democratic skepticism about getting a leading defender of torure tactics confirmed in the Senate.But for now, the outrage is the exception. Some Democrats view that as a reflection of Biden’s ability to walk a line among professionals who are, essentially, getting moved up a career notch, as well as his desire to avoid snubbing a substantial portion of the party who proactively helped him defeat Trump.“What’s very interesting about the picks that have been made so far is you can basically describe them as job promotions for people who have been in the job just underneath that for a number of years,” said Joel Rubin, who was Sanders’ Jewish outreach director during his 2020 campaign and a senior State Department official under Obama (and periodic Daily Beast contributor).“There’s no jaggedness or newness in the spheres that they will be responsible for in the sense of a new human who comes in and is just totally distinct from anything that was there beforehand. In many ways, there’s a familiarity that enables more confidence from the get go.”Why Isn’t Bernie Backing Jon Ossoff in Georgia?That sense of preparedness is clear with Yellen. While not considered a steadfast Biden loyalist like Klain and Blinken, her steering of the federal reserve has long excited some Hill progressives, including in particular Sen. Elizabeth Warren (D-MA). Warren publicly applauded Yellen on Monday, along with the Progressive Change Campaign Committee, a group that supports her policies.“Progressives lost the primary so are not going to pick the cabinet obviously,” said Sean McElwee, who founded Data for Progress, which also boosts Warren’s agenda. “But there’s a difference between entirely shutting out what progressives want and taking it into consideration.”“In terms of the band of possible options that became possible after Super Tuesday, these are on the most optimistic end of that for progressives.”Read more at The Daily Beast.Get our top stories in your inbox every day. Sign up now!Daily Beast Membership: Beast Inside goes deeper on the stories that matter to you. Learn more.
Monro Inc, an operator of U.S. car service and tire centers, is under pressure from an activist investor to improve returns and change operations, people familiar with the matter said on Tuesday. Hedge fund Ides Capital has reached out to Monro's board and followed up with letters, urging the company to make changes that also include environmental, social and governance (ESG) improvements like diversifying its workforce and boardroom, according to the sources. Monro's lack of diversity, especially in the boardroom, and broader ESG issues have held back the company, the hedge fund argued, according to the sources.
With me today are Enrique Lores, HP's President and Chief Executive Officer; and Marie Myers, HP's Acting Chief Financial Officer. Before handing the call over to Enrique, let me remind you that this call is being webcast.
With tree-covered slopes that rise to a pointed summit, the mountain overlooking the Bosnian town of Visoko resembles any other ordinary hillside in the Balkan state. Yet thousands of yearly visitors -- including high-profile stars like Serbian tennis champion Novak Djokovic -- don't see it that way: despite scientists' efforts to debunk the claims, large numbers of people still believe the hill is an ancient man-made pyramid with magical healing powers.
Netpoleon Solutions Pte Ltd publishes the report "Business Email Compromise (BEC): How does it attack your business and how can you prevent it?."
KIOXIA has introduced a new version of its KumoScale software that delivers support for PCIe 4.0 ecosystem components