Posts filtered by tags: Wall-street-journal[x]


 

Zoom sued by shareholder accusing it of covering up its security flaws

Zoom is said to be facing a lawsuit by a shareholder accusing the company of hiding security flaws in its app. Bloomberg reports that the shareholder Michael Drieu filed a class-action lawsuit Tuesday in a San Francisco federal court, claiming revelations about Zoom's deficiencies affected its stock price. The videoconferencing service has come under fire over multiple security-related issues in recent weeks while seeing a surge in use amid the coronavirus crisis. These issues include concerns...
Tags: China, San Francisco, Trends, Bloomberg, Wall Street Journal, Zoom, Eric Yuan, Michael Drieu, Drieu


Airbnb is reportedly already looking raise another $1 billion to see it through the coronavirus crisis

Airbnb announced on Monday it has raised $1 billion to help see it through the coronavirus crisis. Bloomberg reports the company is looking to raise a further $500 million to $1 billion. Airbnb's business has taken a pummelling due to the coronavirus crises decimating its business, just as the firm was planning to go public. Visit Business Insider's homepage for more stories. Airbnb is looking to raise another $1 billion to weather the coronavirus, Bloomberg reports. Airbnb announced on Monda...
Tags: Trends, Bloomberg, Beverly Hills, Airbnb, Jeff Bezos, Wall Street Journal, Silver Lake


Airbnb is reportedly already looking to raise another $1 billion to see it through the coronavirus crisis

Airbnb announced on Monday it has raised $1 billion to help see it through the coronavirus crisis. Bloomberg reports the company is looking to raise a further $500 million to $1 billion. Airbnb's business has taken a pummelling due to the coronavirus crises decimating its business, just as the firm was planning to go public. Visit Business Insider's homepage for more stories. Airbnb is looking to raise another $1 billion to weather the coronavirus, Bloomberg reports. Airbnb announced on Monda...
Tags: Trends, Bloomberg, Airbnb, Wall Street Journal, Silver Lake


Wednesday round-up

Joan Biskupic writes at CNN that the court’s ruling Monday in Republican National Committee v. Democratic National Committee, which blocked a lower court order extending the deadline for mailing absentee ballots in Wisconsin’s election because of the coronavirus pandemic, “reflects Chief Justice John Roberts’ cramped view of voting rights in America, a long-held position that has often favored Republican interests.” At Vox, Ian Millhiser argues that “the Court’s decision in Republican suggests t...
Tags: Supreme Court, Law, US, America, Cnn, Atlantic, Gop, Wisconsin, Kansas, Miami, Republican, Vox, Republican National Committee, Wall Street Journal, Round-up, Sonia Sotomayor


10 things in tech you need to know today

Good morning! This is the tech news you need to know this Wednesday. WeWork board members are suing SoftBank for backing out of a plan to buy $3 billion of shares. The committee wants to force SoftBank to complete the tender offer or to give the committee money to compensate for their loss.  Twitter CEO Jack Dorsey is putting $1 billion of his own wealth into a fund for coronavirus relief and other aid efforts. Dorsey estimated it amounts to about 28% of his total wealth.  Zoom CEO Eric Yuan h...
Tags: Amazon, China, Boston, Softbank, US, Trends, Tesla, Airbnb, Jack Dorsey, Wall Street Journal, Yuan, Silver Lake, Alexa, Dorsey, Zoom, Forbes


Airbnb is reportedly paying a steep 10% interest on the debt it just raised in its $1 billion funding and its valuation is nearly half what it was in 2017

Airbnb will pay more than 10% in interest on the additional funding it just secured from Silver Lake and Sixth Street Partners, The Wall Street Journal reported Tuesday. The investors were also offered warrants that can convert into stock based on a valuation of $18 billion, a significant drop from Airbnb's previous valuation of $31 billion, according to The Wall Street Journal. Airbnb announced Monday that it had raised $1 billion in debt and equity, but the deal terms had not been previously...
Tags: Trends, Libor, Airbnb, Brian, Wall Street Journal, Silver Lake, Reuters, PitchBook, London Interbank, Wall Street Journal Airbnb, Sixth Street Partners


Acting Navy Sec Resigns After Railing Against Fired Captain

Acting Navy Secretary Thomas Modly resigned Tuesday amid controversy over his attacks against a fired captain who raised alarms about the coronavirus on his ship. Politico first reported that Modly has “offered” to resign, in the publication’s words, and that it’s unclear whether Defense Secretary Mark Esper will accept the resignation. That question was put to rest later Tuesday: Esper tweeted that he had accepted. This morning I accepted Secretary Modly's resignation. With the approval o...
Tags: News, Navy, Defense, New York Times, Army, Donald Trump, Wall Street Journal, Esper, Crozier, Navy Sec, James McPherson, Christopher Sherwood, Jim McPherson, Cristina Cabrera, Mark Esper, Thomas Modly


Airbnb could run out of cash in one year, even with the $1 billion it just raised, because of how devastating the coronavirus is on its business

The $1 billion in cash Airbnb announced Monday that it has raised likely won't last the company very long. Even before the coronavirus epidemic hit, the travel startup was losing money; thanks to the crisis, its losses and cash burn have likely exploded. In a worst-case scenario, it might not have enough cash to last a year, despite the new funding. More likely, thanks in part to some cost cuts, it can extend its life beyond that, but not by much, particularly if the crisis and associated econ...
Tags: US, San Francisco, Trends, Bloomberg, Beverly Hills, Airbnb, Jeff Bezos, Wall Street Journal, Journal, Silver Lake, SIEGEL, Troy Wolverton, EBIDTA, Airnb, Hurricane Maria, Scott Shatford


Los Angeles to settle lawsuit against Chinese company that offered customers at-home coronavirus test kit

Officials in Los Angeles said Monday that the city is settling a lawsuit against a Chinese genetic testing company that authorities said falsely claimed it could ship thousands of test kits to accurately screen customers for coronavirus at home. For $39, Yikon Genomics said on its website, in a press release and in a series of posts to Twitter that with “a simple finger stick procedure” its tests could “confidently screen for the (COVID-19) antibodies” in 15 minutes, marketing them as a “one ste...
Tags: News, China, Los Angeles, Sport, Soccer, Fda, Local News, Wall Street Journal, Feuer, Foster City California, Mike Feuer, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB, Top Stories RDF


A letter to unknown friends

A few days after my beloved Hilary received her double-lung transplant, I published an open letter in The Wall Street Journal addressed to the family of the anonymous organ donor whose lungs she used to breathe during the last month of her life. – Terry Teachout
Tags: Art, Wall Street Journal, Ajblogs, HILARY, 04.06.20


Economists haven’t throw out the models yet (but they will)

There are many things that are in short supply these days, but one of them is cognitive flexibility. Humans are used to confronting the extreme complexity of our modern world with some mélange of data, modeling, heuristics, and “gut instinct.” We can’t know everything about everything, and so we have to truncate our perspective to order the chaos before us. In linear times, that process actually (mostly) works — the economy generally trends one way, and while models and instincts can be a bit of...
Tags: TC, Hong Kong, Tech, Bloomberg, United States, Citigroup, Morgan Stanley, Wall Street Journal, Financial Times, Cnbc, WSJ, James Gorman, Morath, HSBC Holdings, Richard Henderson, Mike Corbat


Luckin Coffee’s alleged fraud has some silver linings (and even more bad news too)

Chinese coffee chain super-brand Luckin Coffee has been in the spotlight the past week after the company revealed in an SEC filing that it has undertaken an internal investigation into an alleged $300 million fraud on the part of its former COO. That led the stock to drop nearly 80% on Thursday. Luckin Coffee’s board initiates investigation into $300M potential fraud The bad news is continuing to multiply. The stock is down another 15% today as investors continue to comprehend the company’...
Tags: Asia, China, Tech, SEC, Starbucks, Nasdaq, Goldman, Wall Street Journal, Weibo, Goldman Sachs Group Inc, Yahoo Finance, Apptopia, Jing Yang, Luckin Coffee, Luckin, Charles Zhengyao Lu


Gun Law Reform in Bolosnaro’s Brazil, Homicides Drop Precipitously

Gun Law Reform in Bolosnaro's Brazil, Homicides Drop Precipitously In December, 2018, in an article published by the Wall Street Journal, this pronouncement was made. From the wsj.com: Now, Brazil is set to embark on an experiment that will determine what happens when you loosen gun restrictions in a country battling an overpowering wave of gun crime. Homicides in Brazil were at historic highs in 2017. They dropped a bit in 2018, as candidate Bolsonaro ran on reform of the gun laws to allow s...
Tags: Guns, Department Of Defense, United States, Arizona, Brazil, Homicide, Wall Street Journal, Gun Laws, Taurus, Gun Rights News, Dean Weingarten, Gun Watch, University of Wisconsin Pistol Team, Army Research Development Testing, Cesar Mello, Bolsonaro


Gun Law Reform in Bolsonaro’s Brazil, Homicides Drop Precipitously

Gun Law Reform in Bolsonaro's Brazil, Homicides Drop Precipitously In December, 2018, in an article published by the Wall Street Journal, this pronouncement was made. From the wsj.com: Now, Brazil is set to embark on an experiment that will determine what happens when you loosen gun restrictions in a country battling an overpowering wave of gun crime. Homicides in Brazil were at historic highs in 2017. They dropped a bit in 2018, as candidate Bolsonaro ran on reform of the gun laws to allow s...
Tags: Guns, Department Of Defense, United States, Arizona, Brazil, Homicide, Wall Street Journal, Gun Laws, Taurus, Gun Rights News, Dean Weingarten, Gun Watch, University of Wisconsin Pistol Team, Army Research Development Testing, Cesar Mello, Bolsonaro


Apple is offering store workers $100 toward work-from-home gear and a new stress-management tool as other retailers cut costs and layoff employees (AAPL)

Apple has begun offering a $100 reimbursement to store employees working from home and a new mental health benefit. The benefits signal that Apple is continuing to invest in its retail workforce as its stores remain closed. The offerings also come as other major retail chains are resorting to layoffs and furloughs as nonessential businesses across the US remain closed. Apple Stores outside of China have been temporarily closed until further notice since the middle of March. Visit Business Insi...
Tags: Apple, Elon Musk, China, US, Trends, Bloomberg, Tim Cook, Wall Street Journal, Amtrak, Aapl, Greater China, Apple Stores, Macy s JCPenny the Gap


Slack is using its first national ad campaign as a public company to show its response to the coronavirus pandemic

The workplace chat app Slack is releasing its first national advertising campaign as a public company — a public service announcement to support people on the frontlines of the coronavirus. Its 30-second spot thanks doctors, researchers and other responders and highlights how companies are already using Slack to coordinate their efforts.  Slack has increased its sales and marketing spending as it faces competition to acquire new users, spending over 57% of its fourth-quarter 2019 revenue of $1...
Tags: Microsoft, Trends, Bloomberg, Cnn, Google Docs, Hulu, The Washington Post, Wall Street Journal, Cnbc, Chan Zuckerberg Biohub, NBC CNBC, Liegl, Julie Liegl, Cisco Slack


Practice a little patience — and order some take-out

Homebound civilians may not have any sports to watch on TV, but there’s a good substitute on these days, the “House of the Flying Grudges.” To see the latest episode, tune in to any news channel. It’s not enough that we’ve got sick people to treat, or that we’ve had to close pretty much any place where people congregate (schools, churches, restaurants, shopping centers, sporting events, etc.), or that whole populations are thrown out of work. We’ve got to have talking heads dishing out blame. Th...
Tags: Opinion, Sport, Soccer, Wall Street Journal, Trump, Pelosi, Carpenter, Newsom, UTLA, Opinion columns, Bryan Carpenter, Roger Ruvolo


The Trail Leading Back to the Wuhan Labs

It is understandable that many would be wary of the notion that the origin of the coronavirus could be discovered by some documentary filmmaker who used to live in China. Matthew Tye, who creates YouTube videos, contends he has identified the source of the coronavirus — and a great deal of the information that he presents, obtained from public records posted on the Internet, checks out.The Wuhan Institute of Virology in China indeed posted a job opening on November 18, 2019, “asking for scientis...
Tags: Google, Hong Kong, Post, News, Youtube, China, Beijing, Shanghai, World Health Organization, National Institutes of Health, Batman, Shanghai Media Group, Wall Street Journal, Wuhan, Weibo, Hubei


Before Demanding Every Member Cast a COVID-19 Vote, Tom Massie Skipped a COVID-19 Vote For a Fundraiser

As Rep. Thomas Massie (R-KY) explained it, his decision to try and force every last member of the House of Representatives back to Washington, D.C. in the middle of a pandemic to get their votes on a massive coronavirus relief bill was a matter of pure principle, the type of act that those truly wedded to the ideals of a constitutional republic would gladly perform. “I thought I might be signing my political death sentence,” the Kentucky Republican would say later, reflecting on the procedural m...
Tags: Facebook, News, Congress, Washington, Kentucky, White House, Politico, Gop, House, House Of Representatives, Wisconsin, Nancy Pelosi, Republican, Donald Trump, Wall Street Journal, Cincinnati


Provincial Communist Party Officials Are Concealing Extent of Coronavirus Outbreak from Beijing, According to U.S. Intelligence

The U.S. intelligence community has concluded that the Chinese government does not know the full extent of the coronavirus outbreak within the country, the New York Times reported on Thursday.China's government has encountered difficulties collecting accurate data on the spread of the coronavirus because mid-level bureaucrats in Wuhan and elsewhere in China have been lying about the number of cases, current and former intelligence officials told the Times. Local administration officials in C...
Tags: News, China, Beijing, New York Times, Italy, Wall Street Journal, Wuhan, Communist Party, U S intelligence, Wuhan Central Hospital, White House Coronavirus Task Force, Deborah Birx, Birx, Ai Fen, Times Local administration


How biased is your favorite news source? This chart will tell you.

Polarized, unreliable news can be dangerous during turbulent times, such as the coronavirus pandemic. The Ad Fontes' Media Bias Chart maps out the biases and reliability of legacy and alternative news organizations. Political bias is one of many we must be wary of when judging the quality of the news we consume. The New York Times was a failing newspaper before changing its business model to muckraking on Trump. Fox News had to drop its "Fair and Balanced" motto because that's false advertising...
Tags: Politics, News, Education, Internet, Washington Post, Democracy, Journalism, Cnn, United States, New York Times, Innovation, Associated Press, Npr, National Enquirer, Vox, Fox News Channel


WHO Official Warns Against ‘Profiling’ China, Says Observers ‘Over-Focused’ on Coronavirus Data

Dr. Michael Ryan, executive director of the World Health Organization's Health Emergencies Program, defended China on Thursday against accusations that the country has underreported cases and deaths from the Wuhan coronavirus outbreak."I think we need to be very careful also to not to be profiling certain parts of the world as being uncooperative or non-transparent, and we need to look at transparency across the board," Ryan said at a Geneva press conference."We need to be balanced in that, ...
Tags: News, China, Italy, Who, Geneva, Wall Street Journal, Wuhan, Ryan, Johns Hopkins University, Michael Ryan, Martha McSally, U S Intelligence Community, Rick Scott R Fla


WeWork cofounder Adam Neumann just lost his billionaire status. Here's how the ousted CEO has spent his fortune, which once amounted to as much as $14 billion.

WeWork cofounder Adam Neumann just lost his billionaire status, according to Bloomberg. The ousted CEO is now worth between $450 million and $750 billion, based on estimates from Forbes and Bloomberg. Before WeWork's failed IPO, Neumann was worth as much as $14 billion, according to Bloomberg, but his fortune dwindled after WeWork's botched IPO and his subsequent resignation from the company. Neumann has spent over $80 million on at least five homes since he founded WeWork in 2010, but now he'...
Tags: Softbank, New York City, Israel, Trends, Bloomberg, Manhattan, WeWork, Wall Street Journal, Hamptons, Bay Area, Forbes, San Francisco Bay Area, Neumann, East Village, Greenwich Village, Adam Neumann


Medical experts are reportedly worried that close to 33% of people testing negative for the coronavirus are actually infected and don't realize it

Doctors told the Wall Street Journal that tests are being developed so rapidly that the margin of error can vary widely.
Tags: News, Wall Street Journal


Oil soars after Trump says Saudis and Russians to cut output - Reuters

Oil soars after Trump says Saudis and Russians to cut output - Reuters:Crude prices soared on Thursday after U.S. President Donald Trump said he expects Russia and Saudi Arabia to announce a major oil production cut, and Saudi state media said the kingdom was calling an emergency meeting of producers to deal with the market turmoil.Trump said he had spoken to Saudi Crown Prince Mohammed bin Salman, and expects Saudi Arabia and Russia to cut oil output by as much as 10 million to 15 million barre...
Tags: Travel, Saudi Arabia, Russia, Donald Trump, Wall Street Journal, Trump, Reuters, Mohammed bin Salman, Rupert Neil Bumfrey


The career rise and fall of Adam Neumann, the controversial WeWork cofounder

WeWork publicly filed to go public in August, but has since shelved its IPO after investors flagged concerns over its business and cofounder Adam Neumann. Neumann has been at the helm of the company since it launched in 2010, but he stepped down from his positions as CEO and on the board of directors in late 2019 as part of a buyout deal that will see SoftBank acquiring the company. Here's everything you need to know about the former WeWork CEO, who has five children and has purchased an estim...
Tags: New York, Ipo, Softbank, New York City, Israel, San Francisco, Trends, Brooklyn, WeWork, Wall Street Journal, Gaza Strip, Business Insider, Hamptons, Tribeca, Soho, DMC


Daily Crunch: Amazon announces new warehouse safety steps

Amazon says it will start taking additional steps to ensure the safety of its warehouse workers, SoftBank backs out of its latest WeWork investment and Zoom tries to fix its security issues. Here’s your Daily Crunch for April 2, 2020. 1. Amazon begins running temperature checks and will provide surgical masks at warehouses Amazon has already taken some precautions, including mandatory paid 14-day quarantines for employees who test positive, as well as increased cleaning and sanitization effor...
Tags: Apple, Amazon, Softbank, Tech, Policy, SEC, WeWork, Staten Island, Wall Street Journal, Jian Liu, Luckin Coffee, Daily Crunch, Coronavirus, COVID-19, VC Twitter


What We Need To Understand About Asymptomatic Carriers If We’re Going to Beat Coronavirus

This story was first published at ProPublica. ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox. In the early days of the coronavirus outbreak in the U.S., around the last week of February, I joked to a colleague that maybe now, finally, people would learn how to wash their hands properly. My remark revealed a naive assumption I had at the time, which was that all we needed to do to keep the novel...
Tags: Hong Kong, News, Cdc, Washington, China, Cnn, United States, Nba, Who, World Health Organization, Washington State, Anthony Fauci, Wall Street Journal, Los Angeles Times, Wuhan, Lancet


Top brands suspend influencer affiliate programs, how social-media viewer habits are changing, and running sponsored posts during a crisis

Welcome to this week's Influencer Dashboard newsletter! This is Amanda Perelli, writing to you from my desk at home, and here's an update on what's new in the business of influencers and creators. This week, my colleague Dan Whateley and I reported on influencer affiliate marketing and how that side of business has been impacted by the coronavirus pandemic.  Although many brick-and-mortar stores are closed, people haven't stopped shopping.  Some influencers are seeing a big bump in affiliate li...
Tags: Facebook, Youtube, La, Trends, Fullscreen, Patagonia, Victoria, Ken Burns, Vox, Wall Street Journal, Influence Central, Macy, Michael Gordon, Dan, Silberman, JANSPORT


Pakistani Court Overturns Conviction in 2002 Killing of Daniel Pearl

The court found there was sufficient evidence to convict Ahmed Omar Sheikh of abducting Mr. Pearl, a Wall Street Journal reporter, but not of killing him.
Tags: News, Pakistan, Al Qaeda, Wall Street Journal, Mohammed, Pearl, Daniel, Daniel Pearl, Sheikh, Karachi (Pakistan, Khalid Shaikh, Jaish-e-Muhammad, Ahmed Omar, Ahmed Omar Sheikh