On the first morning of VidCon, about 100 marketing industry people assembled in a room in the Anaheim Convention Center to learn about the business of being a creator today. To one panelist, a solution for the hundreds of creators wandering the floors below lies in blockchain technology. “The power is not on an arbitrary […]
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Electric car maker Tesla’s move last week to cut 9 percent of its workforce will sharply downsize the residential solar business it bought two years ago in a controversial $2.6 billion deal, according to three internal company documents and seven current and former Tesla solar employees. The latest cuts to the division that was once […]
Cleveland-area Bahama Breeze restaurant is being accused of racial profiling after calling the cops on a black sorority party. (Google Maps) A nationwide restaurant chain is accused of “racial profiling” after a manager called the cops on a black sorority party Tuesday to ensure they paid their bill, according to a report. The group of […]
WASHINGTON (Reuters) – The 35 largest U.S. banks are poised to put more money toward dividends, share buybacks and business investments, after clearing the first stage of an annual regulatory stress test on Thursday, showing they have enough capital to withstand an extreme recession. FILE PHOTO: The seal for the Board of Governors of the […]
No one lectures Elon Musk. In April, the head of the National Transportation Safety Board discovered this after a call about his organization’s investigation into one of Tesla Motors’ autopiloted vehicles devolved into a heated exchange, leading the billionaire entrepreneur to hang up on the federal regulator. That fiery interaction eventually leaked to the press […]
Big banks cleared the first hurdle of this year’s U.S. stress tests as the Federal Reserve found all 35 lenders examined could withstand a severe economic downturn, though Goldman Sachs Group Inc. trailed the rest of Wall Street in a key measure of leverage. The results announced Thursday mark the third straight year every bank […]
June 21, 2018 4:30 p.m. ET The Federal Reserve determined the largest U.S. banks were healthy enough to withstand a severe economic downturn and would continue lending during a crisis, as the industry posts record profits and prepares for a wave of regulatory relief. The Fed’s “stress test” scenario for the 35 largest bank holding […]
LOUISVILLE, Ky. – Much of the rye whiskey aging in hundreds of barrels at Catoctin Creek Distillery in Virginia could end up being consumed in Europe, a market the 9-year-old distilling company has cultivated at considerable cost. But an escalating trade dispute has the distillery’s co-founder and general manager, Scott Harris, worried those European sales […]
That didn’t take long. AT&T is launching a streaming service that will feature the TV channels it owns after purchasing Time Warner. WatchTV will allow customers to stream more than 30 live channels — including AT&T’s CNN, TBS and TNT — on smartphones, tablets and other devices. It’s AT&T’s first big product rollout since closing […]
