Procter & Gamble to stay silent on ads amid Facebook boycott

Procter & Gamble to stay silent on ads amid Facebook boycott

Procter & Gamble said on Wednesday it will not make any announcements about its activities on advertising platforms in response to a question about whether it will join the growing ad boycott against Facebook. “Our approach has been not to make public declarations of where we stand with individual partners,” a P&G spokesman said. “We … Read more

Zuckerberg to meet with Facebook ad boycott organizers

Zuckerberg to meet with Facebook ad boycott organizers

Mark Zuckerberg is stepping up his efforts to stop the bleeding from Facebook’s advertiser boycott. The social network’s 36-year-old founder and chief executive will meet with the civil rights figures spearheading the push to get advertisers to jump ship from Facebook, the company said. Zuckerberg’s planned meeting comes after company executives Carolyn Everson, Facebook’s Vice … Read more

Tesla tops Toyota to become world’s most valuable automaker

Tesla tops Toyota to become world’s most valuable automaker

Tesla’s market value sped past Toyota’s on Wednesday, making Elon Musk’s electric car company the most valuable automaker on earth. Tesla’s stock, which has been surging all year, climbed 4 percent ahead of its upcoming second quarter delivery numbers and hit an all-time high of $1,135.33. The spike brings its market cap just shy of … Read more

National coin shortage has retailers pleading for exact change

National coin shortage has retailers pleading for exact change

The coronavirus crisis has sparked a nationwide coin shortage that reportedly has retailers pleading with customers for exact change. The Federal Reserve revealed last month that the pandemic had “significantly disrupted” the supply chain and circulation patterns for America’s metal money. The US Mint has slowed production of coins because of measures meant to protect … Read more

US seizes hair weaves believed to come from Chinese prisoners

US seizes hair weaves believed to come from Chinese prisoners

Federal authorities in New York on Wednesday seized a shipment of weaves and other beauty accessories suspected to be made out of human hair taken from people locked inside a Chinese internment camp. US Customs and Border Protection officials told The Associated Press that 13 tons of hair products worth an estimated $800,000 were in … Read more

Aeromexico’s shares plummet after it files for Chapter 11

Aeromexico's shares plummet after it files for Chapter 11

Shares in Mexican airline Aeromexico plummeted on Wednesday — falling by as much as 65 percent early in the trading day — after the company said late on Tuesday it had begun restructuring under Chapter 11 proceedings. Mexico’s stock exchange briefly suspended trading in Aeromexico shares. Aeromexico is the third airline to file for bankruptcy … Read more

United Airlines to triple flights in August

United Airlines to triple flights in August

United Airlines is adding nearly 25,000 domestic and international flights in August, tripling the number it flew in June, while standing ready to shift plans if recent spikes in COVID-19 cases hurt demand, executives said on Wednesday. The demand for air travel, which rose steadily in May and June from pandemic-linked lows in April, “has … Read more

US extends aid for small businesses hobbled by coronavirus

US extends aid for small businesses hobbled by coronavirus

Democrats drove a temporary extension of a popular subsidy program for small businesses through the GOP-controlled Senate late Tuesday, an unexpected development that came as spikes in coronavirus cases in many states are causing renewed shutdowns of bars and other businesses. The move by Maryland Sen. Ben Cardin came hours before a deadline for applying … Read more