With an unprecedented number of mail-in ballots to count, news organizations will probably exercise extreme caution before declaring a winner on the night of the election. Wall Street, on the other hand, isn’t known for its patience. Investors will be closely scrutinizing the results from pivotal battleground states, especially ones on the East Coast that…… MORE
Not Available… MORE
Tesla began making cars in China about a year ago to bolster its presence in the world’s largest auto market. Now the country is about to become an even more critical part of its global strategy. The electric automaker will soon start exporting Chinese-made vehicles to Europe, Chinese state-run news outlet Xinhua reported Monday. The…… MORE
Cathay Pacific is eliminating thousands of jobs and shuttering its regional airline Cathay Dragon as the Covid-19 pandemic roils the global travel industry. The cuts will affect 5,300 employees in Hong Kong, where the company is based. Some 600 workers outside of the Asian financial hub will also be affected, Cathay said in a statement.…… MORE
Bank tellers are out and robotics engineers are in, according to a new report that says the coronavirus recession is accelerating technological changes that could displace 85 million jobs within the next five years. “Automation, in tandem with the Covid-19 recession, is creating a ‘double disruption’ scenario for workers,” said the report published Wednesday by…… MORE
Impossible Foods, the company known for making plant-based meat designed to taste, cook and look like real meat, may soon get into milk. An Impossible milk, which is still in development, would be nothing like soy or other plant-based milks, promised CEO Pat Brown. Instead, the company wants the beverage to taste like the real…… MORE
Disneyland will likely stay closed for several more weeks after California released its long-awaited guidance Tuesday for how theme parks in the state can safely reopen. Disney’s California parks, which have been closed for seven months, will be allowed to reopen at just 25% capacity, and only after the county where it’s located reaches a…… MORE
Soon, you may not need a label or a box when you’re trying to return something at FedEx. The company is working with Happy Returns, an e-commerce return technology company. Customers will be able to return products in person — without a box or label — for an immediate refund or exchange from participating retailers.…… MORE
Netflix stock fell around 5% in after-hours trading Tuesday after the company posted slowing growth in new subscriptions and lower-than-expected profits, a sign that the streaming giant’s pandemic bump may be petering out. The company said it added 2.2 million net memberships in the three months ended September 30, down from 6.8 million new memberships…… MORE
If you’ve ever wanted to wear a T-shirt made of discarded crab shells, now’s your chance. Yes. Really. Allbirds — the footwear company known for making shoes from sustainable materials such as merino wool and sugarcane waste — is launching its first apparel line. The collection, for men and women, includes a T-shirt made of…… MORE
