Month: July 2022
TikTok’s global security chief to step down — internal memo
Rafael Henrique | Sopa Images | Lightrocket | Getty Images TikTok’s global chief security officer Roland Cloutier, who oversees cyber security, is stepping down from his role but will stay at the company, according to an internal memo seen by Reuters. “With our recent announcement about data management changes in the U.S., it’s time for […]
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Here are Friday’s biggest analyst calls of the day: McDonald’s, Netflix, Amazon, Nvidia, Visa & more
Here are Friday’s biggest calls on Wall Street: Edward Jones upgrades Qualcomm to buy from hold Edward Jones said it sees an “attractive” buying opportunity in Qualcomm. “We are upgrading Qualcomm to a Buy from a Hold because we believe the stock does not fully reflect our growth outlook.” Read more about this call here. […]
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Biden could declare a public health emergency to expand abortion access, but it would face a tremendous legal fight
U.S. President Joe Biden delivers remarks on reproductive rights as Secretary of Health and Human Services Xavier Becerra listens during an event at the Roosevelt Room of the White House on July 8, 2022 in Washington, DC. Alex Wong | Getty Images President Joe Biden is weighing whether to declare a public health emergency to […]
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NY AG delays depositions of Trump and two children after death of Ivana Trump
US President Donald Trump (C), daughter Senior Advisor Ivanka Trump and son Donald Trump Jr. (L) make their way to board Air Force One before departing from Dobbins Air Reserve Base in Marietta, Georgia on January 4, 2021. Mandel Ngan | AFP | Getty Images The New York attorney general agreed Friday to temporarily delay […]
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Biden arrives in Saudi Arabia a ‘much diminished president,’ the kingdom’s former intel chief says
Prince Turki Al Faisal, Saudi Arabia’s former intelligence chief and onetime ambassador to Washington. Stefan Wermuth/Bloomberg “As an example, on energy issues, he came in with a policy to stop completely fossil fuel usage not only in the United States, but worldwide, and now he is finding himself having to rely on fossil fuels as […]
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Amazon plans to start delivering packages by drone in Texas later this year
Amazon Prime Air drone Source: Amazon Amazon said Friday it will begin delivering packages to shoppers by drone in College Station, Texas, later this year. The eastern Texas town is the second location to see the launch of Prime Air drone deliveries. Last month, Amazon announced it would deliver some packages by drone later this […]
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Pa. Senate candidate Fetterman turns to Snooki to mock opponent Dr. Oz for Jersey ties
Snooki (Nicole Polizzi) attends the 2019 MTV Video Music Video Awards held at the Prudential Center in Newark, NJ. Efren Landaos | Lightrocket | Getty Images Democratic Senate candidate John Fetterman is getting some help from reality-T.V. star Nicole “Snooki” Polizzi to take digs at his Republican opponent, Dr. Mehmet Oz, for living in New […]
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Argus downgrades Delta citing weak outlook following second-quarter earnings
Argus downgraded shares of Delta Air Lines to hold from buy, citing weaker-than-expected quarterly earnings and a less-than-stellar outlook. Shares of the Atlanta-based carrier have shed nearly 24% year-to-date through Thursday’s close. While Delta benefited from the rollback in Covid-19 travel restrictions and increased demand for international flights, it’s also been hit by capacity reductions […]
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Musk says Tesla can lower car prices if inflation ‘calms down’
Tesla CEO Elon Musk said in a tweet Friday that the electric car company could lower prices if inflation “calms down.” The Bureau of Labor Statistics reported a higher-than-expected inflation rate this week with the consumer price index rising 9.1% from a year ago. Tesa increased the prices of all of its car models in […]
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Retail sales rose more than expected in June as consumers remain resilient despite inflation
A pedestrian carries a shopping bag while walking through Union Square on May 17, 2022 in San Francisco, California. Justin Sullivan | Getty Images Consumer spending held up during June’s inflation surge, with retail sales rising slightly more than expected for the month amid rising prices across most categories, the Commerce Department reported Friday. Advance […]
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