Chase Fisher had his multimillion-dollar business idea at a San Diego nightclub in 2011. Fisher, who had just graduated from San Diego State University, was suprised by how many people were complimenting the cheap, neon green sunglasses he was wearing as an accessory: “They were like, ‘Those are so cool. […]
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Parler’s de-platforming shows the exceptional power of cloud providers like Amazon
Andy Jassy, CEO of Amazon Web Services. CNBC Getting kicked off Amazon Web Services is rare, but it has enormous consequences. It happened this week, when Amazon dropped Parler, a social network that gained traction from conservatives after Twitter banned President Donald Trump and housed content that encouraged violence. Parler […]
German Chancellor Merkel’s party picks Armin Laschet as new leader
Candidate for the chairmanship of Germany’s Christian Democratic Union party, Armin Laschet, gestures as he takes part in a discussion at the party’s headquarters in Berlin on Jan. 8, 2021. CHRISTIAN MANG / POOL / AFP) (Photo by CHRISTIAN MANG/POOL/AFP via Getty Images FRANKFURT — Germany’s ruling CDU party picked […]
Adrenaline-fueled rush for small caps, vaccine plays and story stocks dents passive-indexing trend
Traders on floor of the New York Stock Exchange. Source: New York Stock Exchange For years, skeptics of index investing who watched trillions pour into S&P 500 funds argued that it would probably take a prolonged bear market to undercut the dominance of the standard passive approach. Yet in recent […]
A new activist takes on Exxon to reverse the oil giant’s underperformance
Fuel prices are displayed at an Exxon Mobil Corp. gas station in Arlington, Virginia, U.S., on Wednesday, April 29, 2020. Andrew Harrer | Bloomberg | Getty Images Company: Exxon Mobil Corp. (XOM) Business: Engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation […]
Armin Laschet picked as new leader of Germany’s CDU party
Candidate for the chairmanship of Germany’s Christian Democratic Union party, Armin Laschet, gestures as he takes part in a discussion at the party’s headquarters in Berlin on Jan. 8, 2021. CHRISTIAN MANG / POOL / AFP) (Photo by CHRISTIAN MANG/POOL/AFP via Getty Images FRANKFURT — Germany’s ruling CDU party picked […]
Health Secretary Alex Azar resigning on Jan. 20
Health and Human Services Secretary, Alex Azar at the White House on August 23, 2020 in Washington, DC. Pete Marovich | Getty Images Health and Human Services Secretary Alex Azar is resigning on Jan 20, NBC News reported on Friday. In his resignation letter dated Jan. 12, Azar mentions the […]
A new Covid variant has been discovered in Brazil — here’s what we know so far
A patient arrives at the 28 de Agosto Hospital in Manaus, Amazon State, Brazil, on January 14, 2021, amid the novel coronavirus, COVID-19, pandemic. Manaus is facing a shortage of oxygen supplies and bed space as the city has been overrun by a second surge in COVID-19 cases and deaths. […]
Capitol Police probing claims GOP lawmakers gave tours to Trump supporters before riot
Supporters of U.S. President Donald Trump wave Trump flags and Confederate battle flags as they demonstrate on the second floor of the U.S. Capitol near the entrance to the Senate after breaching security defenses, in Washington, U.S., January 6, 2021. Mike Theiler | Reuters Capitol Police said Friday that they […]
Domestic terrorism has superseded the threat of international terrorism, warns ex-NYC police commissioner
Former New York City police commissioner Bill Bratton warned CNBC’s “The News with Shepard Smith” that domestic terrorism has superseded the threat of international terrorism in the United States. “For the last 20 years our biggest concern was international terrorism — ISIS, Al Qaeda,” Bratton said in a Friday evening […]