As U.S. cities begin to reopen, Uber is seeing an open road. CEO Dara Khosrowshahi told the “Today” show’s Savannah Guthrie on Friday morning that “we certainly do” think the worst of the pandemic is now in the company’s rear view mirror. The nationwide quarantine orders that have temporarily closed …
Read More »The New York Post: ‘When the looting starts, the shooting starts’ — Trump threatens to call military into Minneapolis
President Trump early Friday threatened to “get the job done right” to control the violent Minneapolis protests if the city’s mayor doesn’t “get his act together.” “I can’t stand back & watch this happen to a great American City, Minneapolis. A total lack of leadership,” Trump tweeted. “Either the very …
Read More »In One Chart: There’s only one generation in U.S. history that’s considered to be more unlucky than the ‘Lost Generation’
It’s hard out there for a millennial. In fact, the Washington Post, citing a series of economic haymakers and the struggles that come with them, calls the group born between 1981 and 1996 “the unluckiest generation in U.S. history.” Yes, even unluckier than members of the “Lost Generation,” who reached …
Read More »Need to Know: Why hedge-fund manager Bill Ackman says he dumped Berkshire Hathaway but held on to these winners
We’ve got a meaty call of the day from Pershing Square Capital Management hedge-fund manager Bill Ackman, who told investors on a call on Wednesday that he is dumping shares in Warren Buffett’s Berkshire Hathaway BRK.A, -0.52% BRK.B, -0.61%. While Buffett is always the main attraction in a room, Ackman …
Read More »The New York Post: Man shot dead amid violent George Floyd protests in Minneapolis
A man was shot dead outside of a Minneapolis pawn shop Wednesday night as violent protests over the death of George Floyd rattled the city, authorities said. Minneapolis cops are investigating reports that the victim was a looter shot dead by an owner of the business, police department spokesman John …
Read More »The Margin: ‘This…Is Why’ — LeBron James, Jamie Foxx react to George Floyd’s death with images of Colin Kaepernick kneeling
“Do you understand NOW!!??!!?? Or is it still blurred to you??” That was LeBron James, one of many people outraged by the death of a black man in Minneapolis police custody on Monday, after a video went viral showing a white officer kneeling on the man’s neck for several minutes …
Read More »The Fed: U.S. economy is near bottom, poised for rebound, Fed’s Williams says
The U.S. economy is starting to show some initial signs of increased activity as businesses reopen as the coronavirus pandemic recedes, said New York Federal Reserve President John Williams on Wednesday. “I think we’re kind of in a good place…maybe near the bottom in terms of the economic downturn and, …
Read More »French official expresses optimism recovery fund proposal will be backed amid ‘Frugal Four’ opposition
A French official on Tuesday expressed optimism the European Council will back the efforts by France and Germany for a 500 billion euro fund to aid economic recovery efforts. “I am confident that we will find a way,” said Odile Renaud-Basso, director general of the French Treasury, during an online …
Read More »Twitter adds fact-check warning label to Trump’s tweets for first time
Twitter Inc. marked tweets by President Donald Trump with a fact-check warning label for the first time Tuesday, after the president falsely claimed mail-in ballots are “substantially fraudulent.” “These tweets contain potentially misleading information about voting processes and have been labeled to provide additional context around mail-in ballots,” a Twitter …
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