Bloomberg
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TikTok’s forced sale to Walmart Inc. and Oracle Corp. has been shelved indefinitely, according to the Wall Street Journal.
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With on-demand liquor deliveries surging as a result of pandemic shopping habits, Uber is spending big to snap up a hot start-up.
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The International Air Transport Assn., which is helping develop a digital travel pass for safe flying, is calling on the WHO to rule that it’s safe for people who have gotten the COVID-19 vaccine to fly without quarantining.
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The automaker blamed aggressive price cutting in China, supply chain costs and a big pay package for CEO Elon Musk and other executives for lower operating margins in the fourth quarter of 2020.
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AT&T also disclosed that it took at $15.5-billion charge due to the losses at DirecTV satellite business, which has seen heavy losses to cord-cutting.
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The CEO of Tesla and a billionaire candidate for the California governorship have joined the wild hype around GameStop, a money-losing video game retailer.
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Democrats unveil legislation that would increase the minimum wage from the current $7.25 an hour to $9.50 this year and $15 by 2025.
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Senate GOP leader Mitch McConnell said he’s dropping a key demand and is ready to move toward a power-sharing agreement after two Democratic senators pledged they won’t vote to do away with the filibuster.
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Marc Rowan, one of Leon Black’s top lieutenants, is to succeed him as CEO of private equity giant Apollo Global Management. Black will stay on as chairman.
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Surges in share price for companies like GameStop and Blackberry illustrate how social media swarm behavior has become a driving force in today’s stock market.