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Gold eases as yields tick up, but set for best week in five
Gold eases as yields tick up, but set for best week in five

Gold inched lower on Friday as U.S. Treasury yields ticked up, though bets of a large U.S. stimulus kept the metal on course for its best week in five. Spot...

Intel floats possibility of licensing deals but would TSMC and Samsung be interested?
Intel floats possibility of licensing deals but would TSMC and Samsung be interested?

Intel Corp executives have raised the possibility of licensing chipmaking technology from outside firms, a move that could see it exchanging manufacturing...

Shiseido Is In Talks to Sell Personal-Care Business to CVC
Shiseido Is In Talks to Sell Personal-Care Business to CVC

(Bloomberg) -- Shiseido Co. is in advanced talks to sell its shampoo and affordable skincare business to CVC Capital Partners for 150 billion to 200 billion ...

Hong Kong to place tens of thousands in lockdown for first time - report
Hong Kong to place tens of thousands in lockdown for first time - report

Hong Kong will place tens of thousands of its residents in a lockdown to contain a new outbreak of the coronavirus, the first such measure the Chinese-ruled ...

Asian markets take a step back after Biden-fuelled rally
Asian markets take a step back after Biden-fuelled rally

Asian markets fell Friday as investors took a breather following a strong week for global equities as Joe Biden took up residence in the White House, though ...

Dr. Fauci says letting
Dr. Fauci says letting 'the science speak' is 'liberating' after serving under Trump

Fauci said he always tried to speak his mind while he served in the Trump administration. "That's why I got in trouble some times," he added.

Lockdown Will Take Toll on Malaysia
Lockdown Will Take Toll on Malaysia's Already Steep Yield Curve

(Bloomberg) -- Malaysia's yield curve has raced higher over the past year and is now near the steepest since 2017. The return to a strict lockdown and delays...

'Uncharted' movie release date slides to February 11th, 2022

The 'Uncharted' movie has been delayed again. It finished shooting last year, but won't come out until at least February 11th, 2022.

Canada Fund Adds Billions to Asia Stock Bets and Plans Even More
Canada Fund Adds Billions to Asia Stock Bets and Plans Even More

(Bloomberg) -- Ontario Municipal Employees' Retirement System almost quadrupled its stock holdings in Asia-Pacific last year and plans to keep boosting its...

Vinson & Elkins Named No. 1 in Public Company Defense for 5th Straight Year by FactSet
Vinson & Elkins Named No. 1 in Public Company Defense for 5th Straight Year by FactSet

Lawrence Elbaum and Patrick Gadson, Co-Heads of Shareholder Activism at Vinson & Elkins By CorpGov Editorial Staff FactSet has named Vinson & Elkins...

Asia to dominate Davos virtual forum as virus-hit West struggles
Asia to dominate Davos virtual forum as virus-hit West struggles

Emerging stronger from the Covid-19 pandemic, Asia is set to dominate this year's virtual World Economic Forum as a virus-battered West struggles and a new...

Beijing launches mass testing as China reports slight drop in daily COVID cases
Beijing launches mass testing as China reports slight drop in daily COVID cases

Beijing launched mass COVID-19 testing in parts of the city on Friday, while Shanghai was testing all hospital staff, as China battles the worst outbreak...

Micron: Set up for Further Growth
Micron: Set up for Further Growth

The bulls are out in full force for Micron (MU) right now. Over recent months, sentiment has changed toward the memory chip giant. Whereas only a couple of...

Brazil says will receive two million AstraZeneca doses by Friday from India
Brazil says will receive two million AstraZeneca doses by Friday from India

Brazil's Health Ministry on Thursday said 2 million doses of the AstraZeneca coronavirus vaccine should arrive on Friday from India, confirming a Reuters...

Julie Payette: Canada governor general quits amid bullying claims
Julie Payette: Canada governor general quits amid bullying claims

The Queen's representative says she is sorry for the lack of a healthy work environment at her office.

Japan
Japan's consumer prices fall at decade-fast pace, add to deflation fears

Japan's core consumer prices slumped in December at the fastest annual pace in a decade, a sign of intensifying deflationary pressures that sharpen the case ...

Broward Sheriff Greg Tony faces growing pressure about his past as two court cases proceed
Broward Sheriff Greg Tony faces growing pressure about his past as two court cases proceed

FORT LAUDERDALE, Fla. - A second team of lawyers is urging a Broward judge to force Sheriff Gregory Tony to answer whether he was ever charged as an adult...

The Coming Green New Dole
The Coming Green New Dole

Welcome to the Capital Note, a newsletter about business, finance, and economics. On the menu today: climate follies, minimum-wage follies, "robber baron...

Oil drops as new COVID cases in China trigger clampdowns
Oil drops as new COVID cases in China trigger clampdowns

Oil prices fell in early trade on Friday, retreating further from 11-month highs hit last week, on worries new pandemic restrictions in China will curb fuel ...

Instacart cuts nearly 1,900 in-store jobs
Instacart cuts nearly 1,900 in-store jobs

Instacart is laying off nearly 1,900 of its part-time employees who assemble customer orders at grocery stores, including a 10-person union at a Kroger-owned...

Alphabet will
Alphabet will 'wind down' Loon's internet-broadcasting balloons

Google's parent company is shutting down its balloon internet project.

There
There's a Short-Term Opportunity in Ford Stock, Says Analyst

Ford (F) is a legacy car maker, with none of the glitz attached to the new electric vehicle players. However, so far, this year it is giving the upstarts a...

Elon Musk is donating $100M to find the best carbon capture technology
Elon Musk is donating $100M to find the best carbon capture technology

Elon Musk said Thursday via a tweet that he will donate $100 million toward a prize for the best carbon capture technology. Musk, who recently surpassed...

Ford Recalling 3 Million 2012-2016 Vehicles over Airbag Danger
Ford Recalling 3 Million 2012-2016 Vehicles over Airbag Danger

The airbags' Takata inflators can degrade, causing airbag rupture. Ford Edge, Fusion, Ranger, Lincoln MKX and MKZ/Zephyr, and Mercury Milan are affected.

Nissan says Brexit deal
Nissan says Brexit deal 'positive' and commits to UK

The Japanese car maker has told the BBC its Sunderland plant is secure for the long term.

Chinese esports player VSPN closes $60M Series B+ round to boost its international strategy
Chinese esports player VSPN closes $60M Series B+ round to boost its international strategy

Esports "total solutions provider" VSPN (Versus Programming Network) has closed a $60 million Series B+ funding round, joined by Prospect Avenue Capital (PAC), Guotai Junan International and Nan Fung Group. VSPN facilitates esports competitions in China, which is a massive industry and has expanded into related areas such as esports venues. The "B+" funding round comes only three months after the company raised around $100 million in a Series B funding round, led by Tencent Holdings.

Bitcoin Breaks Below $30K, Erasing Almost All of 2021
Bitcoin Breaks Below $30K, Erasing Almost All of 2021's Gains

Bitcoin gains in 2021 dropped below 1% as strong selling continues.

Alphabet shuts down Loon internet balloon company
Alphabet shuts down Loon internet balloon company

Google's parent firm, Alphabet, is done exploring the idea of using a fleet of balloons to beam high-speed internet in remote parts of the world. The firm said on Thursday evening that it was winding down Loon, a nine-year-old project and a two-and-a-half-year-old spin off firm, after failing to find a sustainable business model and partners for one of its most prominent moonshot projects. The demise of Loon, which assumed spotlight after the project helped restore cell services knocked out by a hurricane in Puerto Rico, comes a year after the Android-maker ended Google Station, its other major connectivity effort to bring internet to the next billion users.

5 Truths Every Business Owner Needs to Hear Heading into 2021
5 Truths Every Business Owner Needs to Hear Heading into 2021

By Exec Edge Editorial Staff Whether you're developing software, starting a restaurant, or building any business in between, nothing reveals truth like...

Elon Musk to offer $100 million prize for
Elon Musk to offer $100 million prize for 'best' carbon capture tech

Capturing planet-warming emissions is becoming a critical part of many plans to keep climate change in check, but very little progress has been made on the...

Bitcoin Drops Below $30,000 Level as Head-Turning Rally Stalls
Bitcoin Drops Below $30,000 Level as Head-Turning Rally Stalls

(Bloomberg) -- Bitcoin fell below $30,000 as it continues to retreat from the record highs reached during a furious rally over the past two months.The...

Trump
Trump's final pardons included controversial allies, but not himself or his family

President Trump has granted 237 acts of clemency, low in historical terms, but his last pardons follow trend of aiding friends and supporters.

Biden administration to halt deportations for 100 days for some undocumented immigrants
Biden administration to halt deportations for 100 days for some undocumented immigrants

Acting Homeland Security Secretary David Pekoske issued a memo calling for deportations to be halted for 100 days by Friday at the latest.

New China swine fever strains point to unlicensed vaccines
New China swine fever strains point to unlicensed vaccines

A new form of African swine fever identified in Chinese pig farms is most likely caused by illicit vaccines, industry insiders say, a fresh blow to the...

Elon Musk announces $100 million prize for new carbon capture tech
Elon Musk announces $100 million prize for new carbon capture tech

Yet for being among the wealthiest people on the planet, Musk's philanthropic track record over the years has been paltry compared to the likes of Jeff Bezos...

Asia Shares Slip; Tech Stocks Lift U.S. Indexes: Markets Wrap
Asia Shares Slip; Tech Stocks Lift U.S. Indexes: Markets Wrap

(Bloomberg) -- Asian stocks pulled back from an all-time high in early Friday trading as investors assessed earnings, prospects for stimulus and escalating...

Amazon Offers to Help Biden Administration Distribute, Administer 100 Million COVID Vaccines in 100 Days
Amazon Offers to Help Biden Administration Distribute, Administer 100 Million COVID Vaccines in 100 Days

In a letter to President Biden yesterday, Amazon offered to help the new administration with its goal to vaccinate 100 million Americans in its first 100...

Instacart to eliminate nearly 2,000 positions, upsetting union officials
Instacart to eliminate nearly 2,000 positions, upsetting union officials

Labor advocates called on Instacart to reverse a decision to lay off hundreds of employees, including the company's only workers to belong to a union.

How Much Money Gets Taken Out of Paychecks in Every State
How Much Money Gets Taken Out of Paychecks in Every State

It's payday, and you log on to your bank account hoping to see a hefty deposit, but it has a lot less heft than you expected. You can thank payroll taxes for...

This Botticelli Portrait, a Renaissance Masterpiece, Is Expected to Fetch More Than $80 Million at Auction
This Botticelli Portrait, a Renaissance Masterpiece, Is Expected to Fetch More Than $80 Million at Auction

That's 100 times more than the present owner paid for it in 1982.

China Imports Oil Doctored to Skirt U.S. Sanctions on Venezuela
China Imports Oil Doctored to Skirt U.S. Sanctions on Venezuela

(Bloomberg) -- It may be the oil market's worst-kept secret: millions of barrels of Venezuelan heavy crude, embargoed by the U.S., have been surreptitiously ...

County Bancorp (ICBK) Q4 Earnings and Revenues Surpass Estimates
County Bancorp (ICBK) Q4 Earnings and Revenues Surpass Estimates

County Bancorp (ICBK) delivered earnings and revenue surprises of 89.19% and 20.38%, respectively, for the quarter ended December 2020. Do the numbers hold...

Asian markets set for messy open after U.S. stocks peak following Biden inauguration
Asian markets set for messy open after U.S. stocks peak following Biden inauguration

Asian investors were expecting a mixed day of trading after Wall Street peaked on Thursday, pushed upward by continued optimism about economic stimulus to...

The Next Steps for Biden
The Next Steps for Biden's Stimulus Plan

The new administration and new Congress in Washington are quickly running into the same old debates about Covid relief. President Joe Biden has called for a ...

Hims, the telehealth startup, saw its shares slip in their trading debut -- and that
Hims, the telehealth startup, saw its shares slip in their trading debut -- and that's fine with its CEO

Hims & Hers, a San Francisco-based telehealth startup that sells sexual wellness and other health products and services to millennials, began trading publicly today on the NYSE after completing a reverse merger with the blank-check company Oaktree Acquisition Corp. Its shares slipped a bit, ending the day down 5% from where they started, but the company, which was founded in 2017 and now claims nearly 300,000 paying subscribers for its various offerings, has never been focused on a splashy headline about its first-day performance, co-founder and CEO Andrew Dudum told us earlier today. On the contrary, Dudum says that while Hims might have once imagined a traditional IPO, it decided to...

Intel
Intel's New CEO Commits to Manufacturing, Sending Shares Lower

(Bloomberg) -- Intel Corp.'s incoming Chief Executive Officer Pat Gelsinger pledged to regain the company's lead in chip manufacturing, countering growing calls from some investors to shed that part of its business."I am confident that the majority of our 2023 products will be manufactured internally," he said. "At the same time, given the breadth of our portfolio, it's likely that we will expand our use of external foundries for certain technologies and products."He plans to provide more details after officially taking over the CEO role Feb. 15, however Gelsinger was clear that Intel is sticking with its once-mighty manufacturing operation."We're not just interested in closing gaps," he...

The only take about the future of media is that media is the future
The only take about the future of media is that media is the future

Hims is going to SPAC itself onto the public markets, which should prove interesting for other D2C startups eyeing the same move. The final quarter of 2020 and the full year brought an ocean of capital to bear on U.S. startups, something that we delighted in chewing on.

Intel
Intel's PC business is up 33 percent thanks to cheap notebooks

We already know that 2020 was a huge year for PC shipments, now Intel is confirming that report with explosive fourth quarter earnings results. Intel's Client Computing Group, which houses its PC products, reached $10.9 billion in revenue during the quarter, a 9 percent jump over last year.

Daily Crunch: Apple might be working on a VR headset
Daily Crunch: Apple might be working on a VR headset

A new report suggests there's a pricey Apple VR headset in the works, Facebook's Oversight Board will examine one of the social network's most consequential decisions and we review the Samsung Galaxy S21 Ultra. Apple is developing a standalone virtual reality headset that could debut in 2022, according to Bloomberg.

'Re:Verse' lets you play as your favorite Resident Evil character online

Resident Evil Re:Verse is a new multiplayer game that pits some of the franchise's most iconic characters against one another in four to six player deathmatches.

Minor sues Twitter, saying it would not remove explicit video of him - Business Insider

It is unclear why the video was not removed when it was posted, or why Twitter told the plaintiff, now 17, that it did not violate its rules.

Biden Is Expected to Tap Michael Barr as Comptroller of the Currency

Likely pick helped craft Dodd-Frank financial overhaul during Obama administration

Amanda Gorman poem referenced American greats: Angelou, MLK, Lincoln - Business Insider

During a reading of her poem "The Hill We Climb," 22-year-old poet Amanda Gorman paid homage to Maya Angelou, Langston Hughes, and Barack Obama.

White House press secretary Jen Psaki promises 'truth' and 'transparency' - Business Insider

Psaki said the administration will restore daily weekday press briefings and regular briefings with public health officials to discuss the pandemic.

OAN deletes articles about Dominion election conspiracy theories - Business Insider

One America News Network hasn't issued a retraction notice after taking down articles about Dominion, Sidney Powell, Rudy Giuliani, and others.

Biden's coronavirus plan: ramp up vaccines and testing, open schools - Business Insider

President Joe Biden issued three executive orders related to the pandemic on his first day in office.

United Airlines Offers Grim Outlook but Seeks to Rebuild

Airline said it plans to recover in coming years with revenue from future travel and cost-cutting

Biden rejoins Paris climate accord and WHO, revokes Muslim ban - Business Insider

Biden's day-one actions are part of his pledge to repair America's alliances and reestablish the US as a leader in global affairs.

Amid High Drama, Biden Declares Democracy Has Survived, Unity Possible

The 46th president faces one of the toughest tests as he tells the nation it can pick up the pieces and move forward

Biden promised a return to 'normalcy,' but it's clear that's not happening anytime soon. - Business Insider

A surreal and desolate DC on Biden's Inauguration Day shows that the US is a real long way from the "normal" that the new president has promised.

A 'once in a lifetime opportunity' to see Trump leave office - Business Insider

Despite the National Guard presence, the closed Mall, and Covid-19, people found a way to mark the transfer of power in Washington.

When it comes to the Capitol riots, we see things differently

Great Place To Work CEO Michael Bush shares his advice for how to discuss the Jan. 6 attack with employees.

3 steps a millennial couple took to pay off $118,000 of student-loan debt in just one year - Business Insider

A millennial couple, inspired by financial guru Dave Ramsey's 'gazelle intensity' method, sold their home and bought an RV to cut student debt.

Tech and crypto funder Andreessen Horowitz wants to replace the media. That might be bad news for investors.

The venture capital firm known as a16z wants to tell its own stories. But objectivity might be hard to engineer.

Restaurants Get Sales Lift from Latest Stimulus Checks

McDonald’s owners, Checkers, TGI Fridays and others report January boost—but the lift can be fleeting

The pandemic reveals the surprising differences in how men and women network

Pandemic networks have shrunk by 17%—almost entirely among men.

Why Netflix stock is jumping yet again

Netflix stock is close to an all-time high after the company reported better-than-expected subscriber growth.

Kamala Harris makes history

Harris will be sworn in as vice president of the United States today.

Morgan Stanley Profit Shoots Higher, Fueled by Wall Street

Fourth-quarter earnings jumped 51%; results topped analyst estimates

Procter & Gamble Gets Shoppers to Pay Up

Sales jumped 8% in latest quarter, fueled by demand for high-end household products

HP CEO: I just became an American citizen. More immigrants deserve the same opportunity

'Our businesses are strongest when they reflect America at its best: people with different backgrounds coming together around a common purpose.'

Photos show Trump's Mar-a-Lago and Palm Beach neighborhood - Business Insider

We spent a day exploring Donald Trump's new stomping grounds — the ritzy Florida area around Mar-a-Lago, his private club. Here's what it's like.

Oxford-AstraZeneca’s Covid-19 Vaccine Helps U.K. Lead Race to Reach Nursing Homes

The shot, yet to be approved elsewhere in the West, is easier to store, ship and administer to recipients unable to travel

Joe Biden Calls on Nation to ‘Start Afresh’ at Inauguration as 46th President

‘Politics doesn’t have to be a raging fire,’ the new president said, adding ‘Let’s begin to listen to one another again’

A 6-point agenda for a New America under President Biden

The more quickly business leaders rally behind the new administration, the sooner America can recover its economic vitality, writes Harvard's Bill George.

Biden’s First-Day Orders Will Include Mask Mandate, Blocking Keystone Pipeline

The incoming president will spend his first hours in office taking a series of executive actions on coronavirus, the environment and immigration

Stocks Hit Records on Upbeat Earnings

Dow, Nasdaq, S&P at new highs as investors parse results from Netflix, Procter & Gamble, others

Expensify CEO slams corporate America's response to US Capitol riots - Business Insider

David Barrett said democracy and the free market "cannot be separated," and blasted executives who refused to take stands to protect them.

Trump admits his term is ending but does not concede in farewell video - Business Insider

"We extend our best wishes, and we also want them to have luck — a very important word," Trump said of the incoming administration.

Used Pelotons sold online delaying company resale market plan - Business Insider

Used Peloton bikes are selling online through Facebook and Craigslist within hours for the same price as a new bike.

Aurora inks deal with truck manufacturer for self-driving semi trucks - Business Insider

The deal with Paccar, the company behind big rig names like Kenworth and Peterbilt, is a major validation for Aurora's technology.

COVID vaccine is 'nothing like Tuskegee': Black scientist on FDA panel - Business Insider

Dr. James Hildreth, a Black immunologist on the FDA committee, said it the shots are safe and Black people were involved in all stages of development.

Video: Joe Biden cries in Delaware farewell address, mentions Beau - Business Insider

In the middle of quoting James Joyce, Biden choked up and began to cry as he praised his home state of Delaware and his late son, Beau.

Netflix Tops 200 Million Subscribers for the First Time

Streaming giant said it added a record 37 million subscribers in 2020

Netflix sweeps past 200 million paid subscribers in Q4 - Business Insider

Netflix said Tuesday it added 8.5 million paid subscribers in Q4, compared to estimates of 6.03 million, as the streaming market heats up.

Twitch cofounder Justin Kan explains why his recent startup failed - Business Insider

Founder Justin Kan shut down his legal tech startup, Atrium, after raising $75 million. He shared the mistakes he made from hiring to R&D.

Senate GOP ramped up criticism of Biden stimulus plan during Yellen hearing - Business Insider

Republicans attacked the Biden stimulus plan provisions such as the direct payments, aid to state governments and a $15 minimum wage.

Amazon-backed Rivian closes $2.65 billion funding round - Business Insider

One of the most promising competitors to Tesla, the startup has now raised some $8 billion since the start of 2019.

Video: Fox News pushes conspiracy theory about 'reeducation camps' - Business Insider

The segments on Harris Faulkner's new show were based off of just two soundbites from "Real Time with Bill Maher" and "Morning Joe."

The uncomfortable truth: Why more white women didn’t rally behind the Biden-Harris campaign

Contrary to what many progressives believe, race, not gender, has always been the primary driver of white women’s politics.

U.S. Says China Is Committing ‘Genocide’ Against Uighur Muslims

State Department cites imprisonment, torture and forced sterilization against minority group, accusations Beijing has denied

Instagram creators are growing rapidly using Reels, short form video - Business Insider

With the rise of short-form video, creators are seeing a boom in growth on Instagram as the platform continues to push Reels, its TikTok copycat.

McConnell Says Trump Provoked Mob That Attacked Capitol

Senate Majority Leader McConnell said mob was ‘provoked by the president and other powerful people’

Mitch McConnell blames Trump for deadly Capitol riots - Business Insider

"The mob was fed lies," McConnell said Tuesday. "And they tried to use fear and violence to stop" the 2020 presidential election certification.

Sea shanties show TikTok is the global proving grounds for culture

The revival of sea shanties prove viral video app TikTok is the new cultural bellwether.

New CDC Director Pledges to Speed Vaccination, Restore Trust in Agency

Rochelle Walensky will start as CDC director Wednesday after inauguration; ‘This is an emergency’

Facts over PACs: How corporate America can fight political misinformation

To protect democracy from falsehoods and conspiracy theories, corporate leaders should support civics education and news literacy.

HireVue drops facial monitoring amid A.I. algorithm audit

Critics claim the company's software is opaque and potentially biased. The company says the independent audit is an effort to improve transparency.

How Volkswagen’s $50 Billion Plan to Beat Tesla Short-Circuited

Faulty software set back a bid by the world’s largest car maker for electric-vehicle dominance

Trump Rules Easing Power-Plant Emissions Limits Are Vacated by Court

Appeals court ruling gives incoming Biden administration an opening to reset rules for addressing climate change

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