CWEB Business News

Will Apple Car be a reality soon as the company could make a deal with Hyundai-Kia
  An Apple Car has been in the works and speculated about from years. Multiple sources have recently told CNBC that the tech...
eBay Blows Past Estimates Reports Better Than Expected Fourth Quarter and Full Year 2020 Results
  eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of buyers and sellers around the world, today...
PayPal Reports Fourth Quarter and Full Year 2020 Results with Record Breaking Revenue
  Global technology platform and digital payments leader PayPal Holdings, Inc. (NASDAQ: PYPL) today announced fourth quarter...
Investors lose billions as GameStop shares fall below $90 per share. Reddit trader who led GameStop stock frenzy loses $13 million in one day
    Stocks that rise very sharply can also fall very low and this has what has happened with GameStop recently as its...
The Pluses and Minuses of President Biden’s $15 Minimum Wage
    One of President Biden’s and his party’s main goals has been to increase the minimum wage that has been...
Core advertising business ups Alphabet Google revenue by 23% – an indication of strong growth
      On Tuesday, the shares of Alphabet the parent company of tech giant Google rose by almost 8% in extended...
Treasury Secretary Janet Yellen seeks ethics waiver before calling regulator meeting on GameStop, Robinhood market volatility
    Janet Yellen, the Treasury Secretary of the U.S. government, has decided to hold a meeting with key financial...
The Golden Globes 2021 Top nominees for the 78th film and TV awards show are finally here
    The Golden Globe ceremony is celebrating its 78th year in 2021 with a virtual event hosted by Tina Fey and Amy...
Andy Jassy Will take over as Amazon’s CEO as Jeff Bezos Will Step Down in Q3
  Later this year, during the third quarter Jeff Bezos, the founder and CEO of Amazon, will step down from this position and...
Walmart Will Probably Beat Estimates Once More In The Next Financial Quarter
  Walmart, the largest retailer across the nation, is poised to earn more than what has been estimated by analysts in the...
Twitter Suspends MyPillow Corporate Account as CEO Mike Lindell Uses It to Avoid Personal  Ban
    On Monday, Twitter suspended the corporate account of retailer MyPillow. It was suspended because its CEO Mike...
Robinhood raises another $2.4 billion from shareholders as broker app deals with retail trading explosion
    CEO Vlad Tenev has tried in public appearances  including with Elon Musk to explain why Robinhood halted trading...
Congressional Budget Office CBO sees rapid growth recovery. Labor force returning to pre-pandemic level by 2022
    The 2020–2021 coronavirus pandemic caused severe economic disruptions last year as households, governments, and...
Clubhouse, the social network Elon Musk just joined, plans to make money through subscriptions
    For now, you’ll see this when you go to the App Store on Apple or Google Play- Hey, we’re still opening up,...
Apple’s latest iOS has added a new feature that is unnoticeable and yet amazing
  As the pandemic rages through the nation and sanitation is of utmost importance, Apple is also playing a role in...
Biden to meet with 10 GOP senators for COVID-19 relief talks today to help millions of Americans
  10 Republican senators on Sunday called on President Joe Biden to throw his support behind their own Covid-19 relief...
Robinhood applies trading restrictions to 50 stocks
  The brokerage firm Robinhood has increased trading restrictions by adding 50 company stocks including Starbucks, Nokia and...
Silver starting to surge as Reddit army targets precious metals
Silver futures surged as much as 9% above $30 Sunday evening and touching five month highs. That follows a 8% rally last week...
Biden is considering revoking Donald Trump’s rights to be briefed on national security, White House reveals
    Former Justice Department official Jack Goldsmith told NBC in November: ‘This is not something that one...
Minimum Wage to be Raised to $15 by Democrats: Will Republicans rise in support?
    One of the long-standing goals of the Democrats in Congress has been to raise the daily minimum wage to $15 an hour by...
Who is VP Kamala Harris and Could She Win the Next Presidency?
  Vice President Kamala Harris is the 1st female Vice President in U.S history. She is also the first woman,  first black...
Apple Tim Cook reports breaking quarter with more than $111 billion in revenue for the first time in history!
Apple today announced financial results for its fiscal 2021 first quarter ended December 26, 2020. The Company posted all-time...
Walmart expands fulfillment centers for faster online grocery delivery with new automated system
      Online grocery  delivery had a big spike during the Corona virus and Walmart believes it will continue to...
Tesla Elon Musk misses on earnings lowers average annual growth in deliveries going forward | CWEB
      Tesla’s gross margins reached 19.2% in the fourth quarter of 2020, the lowest since the last quarter of...
Facebook Posts a 33 Percent increase in Revenue and Jump in Profit. Share Slide on 2021 Outlook
      Facebook, Inc. (Nasdaq: FB) today reported financial results for the quarter and full year ended December...
Apple releases urgent security updates for iPad and iPhone Users
  iPhone’s and iPads should immediately be updated to reflect new security issues that Apple has been exploited by from...
Biden suspends oil and gas companies’ leases taking executive action on climate change
      On Wednesday, President Joe Biden signed a slew of executive orders to combat climate change. One of first...
American Airlines Nasdaq AAL Stock soars after Q4 Results but the Future is Uncertain Post Covid-19
      American Airlines  ( NASDAQ: AAL ) shares jumped by more than 14% on Thursday.   Analysts were quick...
GameStop and AMC stock Trading restricted at Robinhood, TD Ameritrade After Massive Runup
  Shares of GameStop (GME) gained 134% to close at $347.51. Last Wednesday, the stock closed at $39.12. This morning, shares...
Microsoft reports 17% revenue growth as cloud and gaming have expanded its product line
    Microsoft Corp. today announced the following results for the quarter ended December 31, 2020, as compared to the...
New York attorney general reports governor Cuomo’s administration under reported  COVID-19 nursing homes by 50%
    Since March, Attorney General James has been investigating nursing homes throughout New York state based on...
Starbucks tops earnings estimates even as U.S. recovery hurt by Covid
    Starbucks on Tuesday reported that its U.S. same-store gross sales fell 5% throughout its fiscal first quarter...
Comcast Reports Blowout Record Customers and 33 million Peacock sign-ups for NBC Universal
        Comcast reported fiscal fourth-quarter results that beat analyst estimates on the top and bottom...
Twitter permanently bans account of My Pillow CEO Mike Lindell
    CEO Mike Lindell known to many as My Pillow made headlines recently for his repeated, baseless claims that former...
Elon Musk adds #bitcoin on Twitter and shares rise 20%
    Early Friday morning Elon Musk’s bio on Twitter  saw a small change and it set the a particular stock in the...
Patrick Leahy, President Pro Tempore To Preside Over Trump ‘s Impeachment Trial In the Senate
    A senate source confirmed to NPR that Sen. Patrick Leahy, D-Vt, will preside over the impeachment trial of former...
GameStop Shares Soar 105% after Robinhood Reopened Trading and the SEC Issues Warning of SEVERE Losses
>   GameStop shares soared as much as 110 percent in early trading Friday as Robinhood lifted its restrictions on the...
First Case of Brazil Variant of Deadly Coronavirus Confirmed in Minnesota, U.S.
    The State Department of Health, Minnesota released a statement on Monday confirming that a case of the more...
Janet Yellen is confirmed as America’s first female Treasury chief by the Senate
    The Senate voted on Monday to confirm Janet Yellen as the nation’s first woman to serve as treasury...
Oxford AstraZeneca coronavirus vaccine gains EU authorization for all adults
    Although there is insufficient evidence about the effectiveness of the Oxford-AstraZeneca vaccine, the European...
Foreign Companies are investing more in China during the Trump administration and less in the U.S. as FDI in China crosses U.S. for the first time
    Foreign companies are investing less in the United States and more in China according to a report released on...
Man dies hours after getting COVID-19 Vaccine: Investigations are underway with multiple agencies
      Officials from the Placer County Sheriff’s Office and Public Health reported that a man died after shortly...
Signal goes mainstream: Adds chat features to attract wider audience
    Signal, the encrypted messaging app that crashed after Tesla CEO Musk tweeted approval, has added a few mainstream...
Will Apple iPhone 13 Have Optical In-Display Fingerprint Sensor?
    Joanne Stern, Wall Street Journal, had mentioned the possibility of the next generation iPhones having features...
The US Centers for Disease Control imposes federal mask mandate on all forms of public transportation starting February 1
  Starting from February 1, people in the US must wear masks on planes, trains, subways, buses, taxis, ships, and ferries....