Uber Technologies Inc. was once a poster child for Silicon Valley’s unchecked ambition. As recently as this year, the company was promising to usher in a self-driving revolution and popularize flying cars. But on Monday, Uber said it was slashing 3,000 jobs, sidelining extraneous projects and shuttering dozens of offices after the coronavirus slammed its […] Read more

In his first appearance since being named to succeed AT&T CEO Randall Stephenson, John Stankey told investors Wednesday that “there really isn’t a difference in direction” between himself and Stephenson. Stankey spoke at JPMorgan’s 48th annual global technology, media and communications conference, which was held virtually this year because of the COVID-19 pandemic. The former […] Read more

If your business has been closed as a result of coronavirus, then you want to know the day when you can hang out your Open for Business sign again. Of course, you are likely concerned about doing so and know that there is a risk involved. You want to take as least of a risk […] Read more

(Reuters) – An investor group that comprises investment firm Mudrick Capital Management LP and Daniel Loeb’s hedge fund Third Point LLC plans to challenge a $600 million financing package that Neiman Marcus Group has lined up for its looming bankruptcy, and will push the U.S. department store operator to sell itself, people familiar with the […] Read more

  Below is an important message from one of our highly valued sponsors, Gilder Press. Please read it carefully as they have some special information to share with you.   In 1990 when George Gilder predicted the smartphone, almost everybody laughed in his face. He called it a Teleputer.  People thought he was completely crazy. […] Read more

As dairy farmers dump excess milk and pork producers close plants due to coronavirus outbreaks in their facilities, Agriculture Secretary Sonny Perdue said financial help for farmers is on the way. On Thursday, Perdue told Fox Business’s “Mornings With Maria” that a plan to get direct payments to struggling farmers will happen “very soon.” “We spoke […] Read more

Wealthy individuals typically don’t set out to waste billions of dollars, but amid the COVID-19 pandemic, that’s exactly what Bill Gates is willing to do. Through the Bill and Melinda Gates Foundation, the billionaire Microsoft founder and philanthropist plans to help fund factories for seven promising vaccines, even before seeing conclusive data. That’s despite the fact that two […] Read more

Earlier this week, the EPA decided against pursuing an appeal of a federal court decision that curtailed the ability of the EPA to grant exemptions to oil refineries regarding legislatively mandated amounts of ethanol to be included in their refined products.  Rather, the EPA is expected to follow the ruling of the 10th Circuit nationwide.  […] Read more

If anything can be said about the stock market these days it is that it is unpredictable from one day to the next. It has seen unequaled highs and lows. The response to the package on Monday for financial relief to Americans is likely to cause it to rise once again – if it passes. […] Read more