A TV series about the defunct news/gossip blog Gawker was killed by Apple TV+ after Apple Inc. Chief Executive Tim Cook found out it was being developed, the New York Times reported Sunday. The series, called “Scraper,” was sold to Apple AAPL, -0.67% by two Gawker veterans, and two additional …
Read More »: Tesla to pause Model S, Model X production for 18 days: report
Tesla Inc. will shut down production at its Fremont, Calif., factory for 18 days starting Christmas Eve, CNBC reported over the weekend. Citing an internal email it obtained, CNBC reported Saturday that production lines for Model S and Model X vehicles will be shut down from Dec. 24 to Jan. …
Read More »Capitol Report: White House denies report saying it passed when Pfizer offered additional vaccine doses
Pfizer’s coronavirus vaccine could be approved by the FDA as soon as this week. AFP/Getty Images Trump administration officials on Monday denied a New York Times report that said they passed when Pfizer offered in late summer to sell the U.S. government additional doses of its COVID-19 vaccine candidate. Now …
Read More »Lackluster jobs report emphasizes slow recovery
The United States labor market continues to claw its way back to normal at a seemingly excruciating pace. The jobs report released Friday morning by the Labor Department shows a gain of 245,000 nonfarm payroll jobs in November with an unemployment rate of 6.7%. In any other year, that report …
Read More »Economic Report: Consumer confidence deflates in November after record coronavirus surge
The election of Joe Biden as president has increased confidence among Democrats, but not enough to counter growing worries about the record spike in coronavirus cases. alex edelman/Agence France-Presse/Getty Images The numbers: Consumer confidence fell in November to a three-month low after a record wave of coronavirus cases spurred some …
Read More »Capitol Report: ‘She can start repairing the damage in economic diplomacy’ — analysts react to Yellen as Biden’s Treasury secretary
Economists and other analysts were sounding off Monday following news that President-elect Joe Biden has selected former Federal Reserve Chairwoman Janet Yellen to lead the Treasury Department. Biden plans to nominate Yellen, said a Wall Street Journal article citing unnamed sources, and other news outlets also reported that she was …
Read More »Economic Report: Hiring falls slightly in September as recovery in U.S. labor market slackens
A restaurant displays a “Now Hiring” sign amid the coronavirus pandemic in Arlington, Virginia. Companies are still hiring more workers, but not as fast as they were during the summer. olivier douliery/Agence France-Presse/Getty Images The numbers: Job openings in the U.S. rose slightly in September and layoffs declined, but hiring …
Read More »: Jon Stewart returning to TV with new series for Apple: report
Former “Daily Show” host Jon Stewart testifies during on Capitol Hill in June 2019. Getty Images Jon Stewart, former host of “The Daily Show,” is reportedly making a return to TV, hosting an hourlong current-affairs series on Apple TV+. The Hollywood Reporter broke the news Tuesday, saying the show is …
Read More »: Goldman to settle Justice Department’s 1MDB probe for more than $2 billion: report
The 1 Malaysia Development Berhad (1MDB) logo is seen through the window of a car in Kuala Lumpu, Malaysia, in 2016. AFP/Getty Images Goldman Sachs Group Inc. has agreed to a more-than-$ 2 billion settlement with the U.S. Justice Department for its role in Malaysia’s 1MDB scandal, Bloomberg News reported …
Read More »