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Jack Ma's Ant Group reportedly plans to transform into a financial holding company overseen by China's central bank

Chairman of Alibaba Group Holding Ltd. Jack Ma delivers a speech to participants during the 4th edition of the Viva Technology show at Parc des Expositions Porte de Versailles on May 16, 2019 in Paris, France. Chesnot/Getty Images Ant Group has submitted a plan to restructure itself as a financial holding company, sources familiar with the matter told The Wall Street Journal. This means it would be overseen by China's central bank and would face stricter regulations. Chinese regulators ord...
Tags: Hong Kong, Finance, China, Trends, Beijing, Paris, Shanghai, Alibaba, Biden, Jack Ma, Wall Street Journal, Journal, Trump, Ant, Ma, Yahoo Finance


Biden's plan for a $15 minimum wage could mean 1 in 5 Americans earn more. Nearly a third of Black workers would get a raise, research suggests.

President Joe Biden is pushing for a $15 federal minimum wage. Kevin Lamarque/Reuters Around a fifth of the US workforce would be better off if the federal minimum wage were boosted to $15 an hour, new research has found. Nearly one-third of Black American workers would get a raise, the Economic Policy Institute (EPI) found. The wage bump is a core component of President Joe Biden's $1.9 trillion stimulus plan. Visit Business Insider's homepage for more stories. Nearly 32 million Americans...
Tags: Senate, US, Trends, Joe Biden, Minimum Wage, Economy, House Of Representatives, Biden, Memphis, Costco, Pay Rise, Reuters, McDonald, EPI, Kevin Lamarque, National Economic Council


Biden's plan for a $15 minimum wage could mean one in 5 Americans earns more. Nearly a third of Black workers would get a raise, research suggests.

President Joe Biden is pushing for a $15 federal minimum wage. Kevin Lamarque/Reuters About a fifth of US workers could see raises under a $15 federal minimum wage, research finds. That includes nearly a third of Black American workers, the Economic Policy Institute says. The wage bump, facing pushback, is part of President Joe Biden's $1.9 trillion stimulus proposal. Visit Business Insider's homepage for more stories. Nearly 32 million Americans would earn more under President Joe Biden's...
Tags: Senate, US, Trends, Joe Biden, Minimum Wage, Economy, House Of Representatives, Biden, Memphis, Costco, Pay Rise, Reuters, McDonald, Economic Policy Institute, EPI, Kevin Lamarque


Goya Foods has voted to silence its Trump-supporting CEO Robert Unanue after he told Fox News the election was 'unverified'

Goya CEO Robert Unanue. Yana Paskova/For The Washington Post via Getty Images Goya CEO Robert Unanue now needs board permission to speak to the media, The New York Post and CNN reported. Its board voted to silence him on Friday, two days after he told Fox News the presidential election was "unverified," the reports said. Unanue confirmed to The Post that he would no longer speak publicly about politics, but declined to comment on any vote. Visit Business Insider's homepage for more stories...
Tags: Post, New York Post, Washington Post, White House, Trends, Joe Biden, Cnn, United States, Arkansas, Retail, Fox News, Donald Trump, Mike Huckabee, Goya, Fox Business, Trump


The CEO of a Canadian casino company resigned after breaking the law to get a COVID-19 vaccine

An airplane flies over the River Rock Casino in Richmond, British Columbia, Canada December 5, 2017. REUTERS/Ben Nelms Rod Baker has resigned after 10 years at the helm of Great Canadian Gaming Corp. He traveled to a remote town with his wife in January, where he broke quarantine requirements to get a COVID-19 vaccine.  The couple pretended to be staff, and were later caught and charged by authorities, Canadian media reported.  Visit Business Insider's homepage for more stories. The chief ...
Tags: Lyft, News, US, International, Trends, Bloomberg, Colombia, Canada, Comcast, Airbnb, Vancouver, Pfizer, Baker, Casino, Cbc, Trump


Coca-Cola with Coffee is being rolled out nationwide. If you live in Coffee County, Georgia, you can even get it delivered by drone.

Coca-Cola Coca-Cola with Coffee is now available across the US, and comes in three flavors. The drinks giant is celebrating the launch by delivering cans via drone in Coffee County, Georgia. The drink is already available overseas. Visit Business Insider's homepage for more stories. Coca-Cola is rolling out its Coca-Cola with Coffee drink nationwide, and some customers in Georgia can receive the drink via drone.The beverage hit stores in the US for the first time on Monday, and it packs 6...
Tags: Food, Drinks, Coca Cola, US, Trends, Tech, Georgia, Walmart, Drone, Retail, Latin America, Topo Chico, Odwalla, Coca Cola COCA COLA, James Quincey, Coffee County Georgia


Dr. Anthony Fauci is the federal government's top-paid employee, and was paid $18,000 more than Trump in 2019

Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, speaks during a Senate Health, Education, Labor and Pensions Committee hearing on June 30, 2020 in Washington, DC. Top federal health officials discussed efforts for safely getting back to work and school during the coronavirus pandemic. Al Drago - Pool/Getty Images Fauci earned $417,608 in 2019, according to OpenTheBooks – a rise of $18,000 from the year before. A spokeswoman for the National Institu...
Tags: Politics, Washington, White House, US, Trends, Joe Biden, Washington Dc, President, Healthcare, National Institutes of Health, Salaries, Donald Trump, Anthony Fauci, Trump, Zika, Aoc


Amazon is adding 3,000 jobs in Boston, including in AI, finance, and HR, as it continues its pandemic hiring spree

Amazon's CEO Jeff Bezos. MARK RALSTON/AFP via Getty Images Amazon is rapidly expanding its corporate and tech workforce in Boston. It's adding 3,000 positions in the city "over the next several years," it said. About 400 roles are already open in the area. The roles will be based at its Boston Tech Hub and a 17-story office building that it's just leased. Visit Business Insider's homepage for more stories. Amazon, already the second-largest employer in America, is expanding its workfor...
Tags: Amazon, New York, Jobs, Washington, Boston, Massachusetts, US, America, Trends, Walmart, San Diego, Retail, WeWork, Fifth Avenue, Jeff Bezos, Boeing


Rudy Giuliani admits Biden is president hours after being sued for $1.3 billion by voting machine company

President Donald Trump's personal attorney Rudy Giuliani speaks during an appearance before the Michigan House Oversight Committee on December 2, 2020 in Lansing, Michigan. Rey Del Rio/Getty Images Rudy Giuliani acknowledged Monday that Joe Biden is the president and Kamala Harris is vice president. The statement came hours after Dominion Voting Systems sued Giuliani for $1.3 billion. Giuliani spent months peddling conspiracy theories about the company's role in the 2020 election. Visi...
Tags: Politics, New York, News, Congress, White House, US, Trends, Joe Biden, Gop, New York Times, Biden, Giuliani, Donald Trump, Rudy Giuliani, Kamala Harris, Trump


Elon Musk is planning a Fallout-themed opening party for the Boring Company's Las Vegas tunnels 'as soon as allowed'

Britta Pedersen-Pool/Getty Images The Boring Company will celebrate the launch of its Las Vegas Loop with a Fallout-themed party. The underground tunnels will eventually transport people from one side of Las Vegas' convention center to the other. Though Musk said he will wait until the event is "allowed," he has a reputation for defying COVID-19 regulations.  Visit Business Insider's homepage for more stories. The Boring Company plans to celebrate the opening of its Las Vegas tunnel proje...
Tags: Transportation, Elon Musk, News, Trends, Tesla, Bank Of America, Leonardo Dicaprio, Silicon Valley, University of Pennsylvania, Las Vegas, Nevada, Orlando Bloom, Sin City, Vegas, Musk, FREMONT


Fast-fashion giant Boohoo has bought department store chain Debenhams for $75 million - but the deal won't save the chain's 118 stores

A person wearing PPE (personal protective equipment) of a face mask as a precautionary measure against COVID-19 walks past a Debenhams department store, boarded up and closed-down due to the novel coronavirus, on Oxford Street in central London on April 27, 2020. TOLGA AKMEN via Getty Boohoo has bought Debenhams' brand and website for £55 million ($75 million). Debenhams' 118 stores will still close, which leaves 12,000 jobs at risk. The purchase will allow Boohoo to enter new markets whil...
Tags: Europe, Topshop, UK, London, Trends, Debenhams, Oxford Street, Group, Primark, Asos, Boohoo, Arcadia Group, Mark Tritton, FRP Advisory, Grace Dean, John Lyttle


Uber lays off 15% of Postmates' workforce just 3 months after buying the food delivery app. Postmates founder Bastian Lehmann is reportedly among those let go.

Postmates co-founder & CEO Bastian Lehmann. Steve Jennings / Stringer Uber laid off around 185 Postmates staff on Thursday, sources told The New York Times. This included Bastian Lehmann, the founder and CEO of the food delivery app, the sources said. Uber bought the app in 2020, and the layoffs feed into Uber's plan to better integrate Postmates and Uber Eats, the sources said. Visit Business Insider's homepage for more stories. Less than three months after regulators approved its $2.65 b...
Tags: Amazon, Uber, UK, US, Trends, New York Times, Retail, Food Delivery, Times, Postmates, Lehmann, Uber Eats, Bastian Lehmann, Job Cuts, GrubHub, Tech Insider


Microsoft admits it 'messed up' on its Xbox Live Gold price hike, and is reversing the move following a huge backlash from fans

Phil Barker/Future Publishing via Getty Images Microsoft is scrapping its planned price hike for its Xbox Live Gold gaming membership after fan backlash. Microsoft planned to double the price of the subscription, required for online gaming, to $120 for a year. The company, which admitted Friday it "messed up," is now also letting players access free-to-play online games without the subscription. Visit Business Insider's homepage for more stories. Microsoft will no longer raise Xbox Live G...
Tags: Amazon, Microsoft, Video Games, Trends, Mozilla, Sony, Xbox, Nintendo, Xbox Live, Facebook Microsoft Google, Phil Barker, Xbox Live Gold, Tech Insider, Getty Images Microsoft, Tyler Sonnemaker, Grace Dean


Microsoft says it 'messed up' on its Xbox Live Gold price hike and is reversing the move after a huge backlash from fans

Phil Barker/Future Publishing via Getty Images Microsoft is scrapping a planned price hike for its Xbox Live Gold gaming membership. It had planned to double the annual price of a subscription, required for online gaming, to $120. The company is also letting players access free-to-play online games without the subscription. Visit Business Insider's homepage for more stories. Microsoft will no longer raise Xbox Live Gold prices, it said Friday, after fans lashed out at its decision to doub...
Tags: Amazon, Microsoft, Video Games, Trends, Mozilla, Sony, Nintendo, Xbox Live, Facebook Microsoft Google, Phil Barker, Xbox Live Gold, Tech Insider, Getty Images Microsoft, Tyler Sonnemaker, Grace Dean


Senators who backed Trump's election challenge may rethink their stance on impeachment after losing corporate funding, experts say

President Donald Trump pumps his fist as he departs on the South Lawn of the White House, on December 12, 2020. Al Drago/Getty Images The mass exodus of corporate backing could affect how senators vote on Trump's impeachment trial, experts say. Dozens of companies have pulled funding from the GOP lawmakers who voted against Biden's certification. CEOs say they increasingly have no choice but to bring politics into the boardroom. Visit Business Insider's homepage for more stories. Moral con...
Tags: Google, Amazon, Politics, California, Senate, US, Trends, Georgia, Joe Biden, Fbi, Gop, House, House Of Representatives, Ice, Biden, Donald Trump


American Airlines will now deliver wine to your door, and you can get air miles for every dollar spent. A 3-bottle monthly subscription costs $100.

American Airlines American Airlines is launching a wine delivery service. Members of American's loyalty program will earn two miles per dollar spent on each order. You can choose a pre-selected box of mixed wines, build your own box, or buy a $100-a-month subscription for three bottles. Visit Business Insider's homepage for more stories. American Airlines is the latest industry giant to start selling its onboard food and drink to people stuck at home during the pandemic.The airline is lau...
Tags: Travel, Transportation, Alcohol, Trends, Transport, Retail, Wine, Airlines, British Airways, Singapore Airlines, American Airlines, Finnair, American Airlines American Airlines, Grace Dean, American Airlines American


'No Time To Die' has been delayed for a third time, MGM announced. Sony pushed back another 4 movies, too.

Actor Daniel Craig, who plays James Bond. UA MGM has pushed back the release date of James Bond installment "No Time To Die" to October 8. This is the third delay for the film, which is expected to bring in more than $1 billion at the box office. Sony also announced on Thursday that it was postponing the theatrical release of four films. Visit Business Insider's homepage for more stories. The next James Bond installment, "No Time To Die," has been hit by a third delay.The film, starring Da...
Tags: Apple, Hbo, Christopher Nolan, Hollywood, Media, Entertainment, Film, Amc, Disney, US, Trends, Netflix, Movie, Cinema, Sony, James Bond


Bank of America is paying a one-off $750 pandemic bonus to some staff earning less than $100,000. Those earning more get a stock award instead.

Brian Moynihan, the chief executive of Bank of America. Joshua Roberts/Reuters Eligible Bank of America staff earning $100,000 or less a year will get a $750 pandemic bonus, Bloomberg reported. Those earning more will get a stock award. The lender spent around $300 million providing child and adult care to its employees in 2020. Visit Business Insider's homepage for more stories. Bank of America is rewarding staff for their work during the pandemic with a one-off $750 bonus.Eligible staff ...
Tags: Lyft, Finance, US, Employment, Trends, Bank Of America, Bloomberg, Comcast, Working From Home, Airbnb, Biden, Costco, McDonald, Brian Moynihan, Bob Iger, Pandemic


President Joe Biden plans to sign executive orders boosting workers' rights and pushing for a $15 minimum wage for federal staff

President Joe Biden. Susan Walsh/AP President Joe Biden plans to sign two executive orders Friday focused on workers' rights. One will ensure people can still claim employment benefits if they turn down a job that poses a risk to their health. The other paves the way to further legislation on Biden's promise of a $15 hourly minimum wage. Visit Business Insider's homepage for more stories. President Joe Biden has planned a series of actions aimed at raising the minimum wage for federal staf...
Tags: Politics, White House, Trends, Joe Biden, Minimum Wage, Gop, New York Times, Biden, Donald Trump, Workers Rights, Worker Rights, Department of Labor, National Economic Council, Brian Deese, Deese, Minimum Wage Increase


Biden plans to sign executive orders boosting workers' rights and pushing for a $15 minimum wage for federal staff

President Joe Biden. Susan Walsh/AP President Joe Biden plans to sign two executive orders Friday focused on workers' rights. One will ensure people can still claim employment benefits if they turn down a job that poses a risk to their health. The other paves the way to further legislation on Biden's promise of a $15 hourly minimum wage. Visit Business Insider's homepage for more stories. President Joe Biden has planned a series of actions aimed at raising the minimum wage for federal staf...
Tags: Politics, White House, Trends, Joe Biden, Minimum Wage, Gop, New York Times, Biden, Donald Trump, Workers Rights, Worker Rights, Department of Labor, National Economic Council, Brian Deese, Deese, Minimum Wage Increase


Pfizer and BioNTech will reportedly supply COVID-19 shots to COVAX, the WHO's vaccine scheme for poorer countries, following Biden's commitment to the program

Getty/David Greedy Pfizer and BioNTech will supply a small quantity of their COVID-19 vaccine to COVAX, Reuters reported. COVAX was set up by health groups including the WHO to provide equal distribution of shots worldwide. The scheme has struggled to amass doses, but Dr. Anthony Fauci said this week the US would finally join. Visit Business Insider's homepage for more stories. Pfizer and BioNTech will supply COVID-19 vaccines to COVAX, the World Health Organization (WHO) scheme designed ...
Tags: US, Trends, Joe Biden, Canada, Gop, Who, Pfizer, Biden, Donald Trump, Anthony Fauci, Reuters, World Health Organization WHO, Gavi, UK EU, Duke University, Vaccine Alliance


Top-earning New Yorkers could pay 14.7% income tax, the highest in the US, under new proposals from Cuomo

New York Governor Andrew Cuomo speaks during a news conference at LaGuardia Airport's new Terminal B, during the outbreak of the coronavirus disease (COVID-19) in New York City, New York, U.S., June 10, 2020 REUTERS/Brendan McDermid Top-earning New York City residents may have to pay 14.7% income tax, Gov. Cuomo warned Tuesday. This would be the highest income tax in the US, ahead of California in second place. A tax hike depends on whether Washington helps plug New York state's budget...
Tags: Elon Musk, New York, Texas, California, Washington, Finance, White House, New York City, US, Trends, Tax, Economy, Income Tax, Broadway, Manhattan, Andrew Cuomo


Fox News has reportedly fired at least 16 staffers. They include political editor Chris Stirewalt, who defended the network's Arizona election call that angered Trump.

President Donald Trump. Mateusz Slodkowski/SOPA Images/LightRocket/Getty Images, Tasos Katopodis/Getty Images Fox News has fired Chris Stirewalt, who defended the network calling Arizona for President-elect Biden, a move that angered President Donald Trump. The network has also dismissed at least 15 other staffers, sources told The Daily Beast. Fox attributed the lay-offs to restructuring, but insiders said the decision was a calculated "purge." Visit Business Insider's homepage for more s...
Tags: Trends, Joe Biden, Cnn, Fox, Arizona, Fox News, Biden, Rupert Murdoch, Msnbc, Donald Trump, The Daily Beast, Forbes, Trump, Capitol, Berry, Porter


Fox News has reportedly laid off at least 16 staffers. They include political editor Chris Stirewalt, who defended the network's Arizona election call that angered Trump.

President Donald Trump. Mateusz Slodkowski/SOPA Images/LightRocket/Getty Images, Tasos Katopodis/Getty Images Fox News laid off Chris Stirewalt, who defended the network's calling Arizona for Joe Biden, which angered President Donald Trump. The network has also dismissed at least 15 other staffers, sources told The Daily Beast. Fox said the layoffs were part of a restructuring, but insiders described them as a calculated "purge." Visit Business Insider's homepage for more stories. Fox News...
Tags: Trends, Joe Biden, Cnn, Fox, Washington Dc, Arizona, Fox News, Rupert Murdoch, Smith, Msnbc, Donald Trump, Forbes, Trump, Capitol, Porter, NewsMax


Parler was rejected by at least 6 large providers to host it after Amazon took it offline

Parler's CEO John Matze. Fox News Parler asked at least six large providers to host it after Amazon Web Services (AWS) took it offline.  They all said no, according to a court filing by Parler's CEO John Matze. Parler has since registered its domain with Epik and returned as a static page — but Epik said the companies had not been in contact.  Visit Business Insider's homepage for more stories. Social media platform Parler asked at least six large providers to host its website after Am...
Tags: Apple, Google, Amazon, Trends, Aws, Ibm, Silicon Valley, Donald Trump, Trump, Capitol, Amazon Web Services AWS, EPIK, Google Cloud, Parler, John Matze, Grace Dean


Office Depot has reportedly rejected Staples' offer to buy it for $2.1 billion

A view of the Office Depot store in Annapolis, Wednesday, March 25, 2020. Susan Walsh/AP Photo Staples' offer to buy Office Depot for $2.1 billion has been rejected, The Wall Street Journal reported. Office Depot's parent company said it would prefer a partial sale or joint venture. This is the third time Staples has tried to buy its office-supplies rival in 25 years. Visit Business Insider's homepage for more stories. Office Depot's parent company ODP Corp has turned down Staples' offer t...
Tags: Home Depot, Trends, Staples, Wall Street Journal, Lowe, Annapolis, Office Depot, Susan Walsh, USR, Grace Dean, AP Photo Staples, ODP Corp, USR Parent, Staples the Journal


A SpaceX video game could be on the cards after Elon Musk said he 'probably won't sue' a developer using the company's name and logos in a Mars survival simulator

SpaceX's CEO Elon Musk. REUTERS/Steve Nesius Elon Musk said he "probably won't sue" if a video game developer makes a game using SpaceX assets. Lyubomir Vladimirov had tweeted Musk 154 days in a row, asking for permission to use SpaceX's name and logos. Vladimirov called the game a "Mars survival simulator," and said he will donate most of the profits to SpaceX. Visit Business Insider's homepage for more stories. A SpaceX video game could soon become a reality.Layabout Vladimirov, an i...
Tags: Space, Spacex, Elon Musk, Video Games, Los Angeles, Trends, Tech, Bank Of America, Mars, Axel Springer, Musk, Bel Air, Mars Colonization, Mathias Döpfner, Tech Insider, Vladimirov


Dominion Voting Systems is threatening to sue MyPillow CEO Mike Lindell over his 'false and conspiratorial' election fraud claims

My Pillow CEO Mike Lindell (right) and President Donald Trump. Alex Brandon/AP MyPillow's CEO Mike Lindell, an ally of President Donald Trump, faces "imminent" litigation from voting machine company Dominion. Dominion is threatening legal action over Lindell's claims that it facilitated election fraud — a debunked conspiracy theory. Dominion has sent similar letters to Fox News and Rudy Giuliani, and filed a lawsuit against Sidney Powell. Visit Business Insider's homepage for more stories....
Tags: Post, Politics, Trends, Gop, Fox News, Biden, Donald Trump, Rudy Giuliani, Trump, Capitol, Sidney Powell, Lindell, Dominion, Voter Fraud, Mike Lindell, Dominion Dominion


Footwear giant Birkenstock is reportedly exploring a private equity sale that could value it at $5 billion

Sean Gallup/Getty Images Birkenstock is exploring a sale to private equity company CVC, sources told The Financial Times. The deal could value the footwear company at more than $4.85 billion including debt, the sources said. It isn't certain whether the companies will reach an agreement, one of the sources said. Visit Business Insider's homepage for more stories. German footwear giant Birkenstock is exploring a sale that could value it at more than 4 billion euros ($4.85 billion) includin...
Tags: Trends, Luxembourg, Goldman Sachs, CVC, Permira, The Financial Times, Birkenstock, Bethany Biron, Grace Dean, Sean Gallup Getty Images Birkenstock


The COVID-19 death toll in the US could reach 500,000 by mid-February, the incoming CDC director warned

President-elect Joe Biden has nominated Dr. Rochelle Walensky to head up the CDC. Jim Watson/AFP via Getty Images The US' COVID-19 death toll will jump by 100,000 in the coming four weeks, the next head of the Centers for Disease Control and Prevention (CDC) warned. As of Sunday, the CDC had recorded 394,495 COVID-19 deaths. That will reach 500,000 by mid-February, Dr. Rochelle Walensky told CBS. "I think we still have some dark weeks ahead," Walensky, President-elect Joe Biden's pick to l...
Tags: UK, California, Cdc, White House, US, Trends, Joe Biden, Cnn, Cbs, Biden, Food and Drug Administration FDA, Centers for Disease Control and Prevention CDC, CBS Face the Nation, David Kessler, Moncef Slaoui, COVID