Gavin Newsom Pushed For Minimum Wage Exemption Benefiting Donor Who Contributed Over $160,000 To Campaigns: REPORT
Democratic California Gov. Gavin Newsom pushed for an exemption that would enable top donor and Panera Bread franchisee Greg Flynn to circumvent the state’s new minimum wage law, according to Bloomberg. Flynn, who owns two dozen Panera chains in California, gave $100,000 to help Newsom ward off a recall effort and $64,800 to the governor’s […]
Bumble reducing its workforce by 37%
Check out what’s being clicked on FoxBusiness.com Bumble is giving 350 employees the ax to grind. The job cuts announced Tuesday are aimed at “improving coordination.” [Bumble’s] “We aim to build an operating model with future strategic priorities and drive stronger operating leverage,” the dating app company said in a press release accompanying its fourth […]
Apple Shareholders Shoot Down Proposal To Investigate Human Rights Concerns Amid China Collaboration
Apple shareholders voted down a proposal on Wednesday that would require an internal investigation to be done to analyze if the company was following its own human rights policy positions. The proposal, brought forward by the National Legal and Policy Center at Apple’s annual shareholder meeting, would have required a report be published by March […]
Coinbase users experiencing buying and selling errors, zero account balances
Anthony Pompliano of Pump Investments told Craman Countdown that Bitcoin is currently a popular asset for Wall Street investors. Coinbase announced Wednesday that it is investigating reports of users experiencing errors or empty account balances when buying and selling on the exchange. The cryptocurrency exchange has repeatedly reassured customers that assets on the site are […]
San Francisco’s Macy’s Will Shut Down As Employees Blame Retail Theft
Democratic San Francisco Board of Supervisors President Aaron Peskin announced Tuesday that the city’s Macy’s location would be shutting down. Peskin released a statement on Twitter noting that Macy’s is moving to downsize by 150 locations, which will include the city’s downtown store in Union Square. (RELATED: Blue City Officially Apologizes To Black Residents) “Macy’s […]
Bitcoin tops $60K, racing toward all-time high
Anthony Pompliano of Pump Investments said on “Craman Countdown” that Bitcoin is currently a “popular” asset with Wall Street investors. Like U.S. stocks, Bitcoin is having a great start to the new year, approaching new records as experienced investors return with a new crowd. The largest cryptocurrency by market capitalization surpassed $60,000, returning to its […]
Family Dollar Pleads Guilty To Storing Goods In Rodent-Infested Warehouse, Agrees To Pay Historic Fine
Family Dollar pleaded guilty to storing goods in a rodent-infested warehouse, the Department of Justice (DOJ) announced Monday. A statement released by the DOJ outlined Family Dollar Stores LLC’s mishandling of food, drugs, medical devices and cosmetics at its West Memphis, Arkansas, distribution center. The company admitted to public health violations by pleading guilty to storing […]
Convicted Fraudster And Dem Megadonor Asks For Lighter Sentence Due To Autism
Convicted cryptocurrency fraudster Sam Bankman-Fried’s lawyer requested a considerably lighter sentence for his client because of his autism, according to a Tuesday evening court filing. A jury found Bankman-Fried guilty on seven counts of fraud and conspiracy-related charges in November and the sentence recommendation is 100 years in prison, according to the filing. His lawyer, Marc […]
Kroger-Albertsons merger: Is it good or bad for shoppers?
A lawsuit filed by the Biden administration’s Federal Trade Commission (FTC) to block Kroger and Albertsons’ proposed $24.6 billion merger will question whether the partnership hurts competition, as the agency claims, or if it hurts competition. This is causing a debate as to whether this is the case. Beneficial for consumers. The deal would see […]
Biden Admin Launches Probe Into Health Care Giant Amid Antitrust Crackdown: REPORT
The Biden administration in recent weeks has launched an antitrust investigation into the health care giant UnitedHealth Group following a string of other antitrust suits by the federal government, according to The Wall Street Journal. The investigation from the Department of Justice (DOJ) is looking into whether the relationship between UnitedHealth’s insurance unit and the […]