Mike Bloomberg is shaking up his digital political company Hawkfish. Bloomberg laid off some staff and hired new executives as it prepares for the general election. According to Vox Bloomberg’s team says the shakeup was a long time coming. Bloomberg's company is bidding to lead the digital operation of the presumptive Democratic nominee, Joe Biden. On Friday the 100-person company laid off more than two dozen employees, primarily on its production and creative team.
A late-session rally pushed Wall Street to solid gains Tuesday as investors looked past widespread social unrest and pandemic worries to focus instead on easing lockdown restrictions and signs of economic recovery. Fred Katayama reports.
Souls: Much like content, Twitter harvests them, they’re monetizeable, and closely associated with hell. Grimes, a member of the Cyber Baby–Elon Musk trio, is putting her soul to work by auctioning part of it, in the form of a legal document, to the highest bidder. She told Bloomberg that at first she was planning on pricing it at $10 million to deter collectors but later thought twice about it, in light of looming economic catastrophe. Join us, Grimes, and watch the RSS feeds.
Business Insider reports that Walgreens has halted its share buyback program. The pharmacy chain revealed it plans to cut 4,000 jobs after reporting worse-than-expected third-quarter figures. The drugstore giant lost $1.95 per share over the period. Thats $1.71 billion overall. The company's Boots UK division saw same-store sales nosedive 48% over the period. The reason? Walgreens says quarantine orders "compelled consumers to consolidate shopping into grocers.
Netflix is on the verge of reporting a blockbuster second quarter earnings report, according to Goldman Sachs. Business Insider reports that Goldman Sachs is basing their judgement on strong app download trends On Friday, Goldman raised its Netflix price target to $670, representing upside potential of 32% from Thursday's close. The firm said COVID-19 continues to accelerate the trend towards video streaming services. Goldman Sachs said Netflix is a prime beneficiary of that trend.
Business Insider reports that Chelsea Clinton is forming her own venture capital firm. The firm will be called Metrodora Ventures. It was registered in April and has its own Twitter account. Clinton hasn't decided whether to commit to the firm full-time, Axios reports. On Twitter, Metrodora Ventures describes itself as "a values conscious venture capital firm focused on health and learning businesses.
Business Insider reports that Walmart is set to launch Walmart+ by the end of this month. The subscription will cost $98 a year. It will offer members free same-day delivery from Walmart stores. Members will also get delivery perks, discounts at Walmart gas stations, early access to promotions, and self-checkout tools. The retailer will also introduce a Walmart+ branded credit card and possibly video entertainment.
On Wednesday, Brooks Brothers filed for bankruptcy. It was in business for over 200 years. The coronavirus pandemic has hurt the retailer's business. Business Insider reports the company has been considering strategic options for about a year. "It has become increasingly out of step with a new generation of consumers who are looking for a more edgy approach to smart casual," Neil Saunders, managing director of GlobalData Retail, said in emailed comments.
[NFA] Geoffrey Berman, the top federal prosecutor in Manhattan who was ousted last month as his office led a probe into President Donald Trump's personal attorney Rudolph Giuliani, told lawmakers on Thursday that U.S. Attorney General William Barr had pressured him to resign. Colette Luke has more.
Google has said that Android 10 is seeing the fastest adoption rates of any version of Android, with 100 million devices running Android 10 in just five months after its launch. Android 10 seeing the fastest adoption rates of any version of Android. In a blog post, Google said that over the past few years they have introduced new capabilities that enabled them to deliver updates more "uniformly, quickly, and efficiently" to Android devices. Some of the company's efforts were "Project Treble and Project Mainline". "In Android 10, we started updating components of the OS directly via Google Play system updates (Project Mainline). Mainline provides security and privacy updates for the OS in a way that's similar to apps - through Google Play. For example, in our most recent deployment, we directly updated 285 million devices with fixes for security vulnerabilities," the post read. "Google Play is also responsible for updating critical applications and services, such as authentication, push notifications, and Google Play Protect. A good example is the launch of the Exposure Notification API. Exposure Notifications are a tool to help public-health agencies in the fight against COVID-19. The API was deployed in May via Google Play to over 2 billion devices in the space of just 4 weeks," it added. Google said that Android 10's adoption is 28 percent faster than Android Pie."Thanks to these efforts, the adoption of Android 10 has been faster than any previous versions of Android. Android 10 was running on 100 million devices 5 months post-launch - 28 per cent faster than Android Pie," the post read.
On Wednesday, Sen. Bernie Sanders has officially dropped out of the 2020 presidential race. Sanders campaign announced in an email to supporters. At one point Sanders was the Democratic frontrunner at..
The billionaire Mike Bloomberg has suspended his Democratic presidential campaign after launching one of the most audacious political campaigns in modern times – pouring almost half a billion dollars..
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