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20 Tesla Employees Worked At SpaceX Ahead Of NASA Astronauts Launch
2020 May 29, 8:45am | 360Read More...Tesla Inc. (NASDAQ: TSLA) in a filing with the Securities and Exchange Commission on Thursday revealed it temporarily assigned about 20 of its employees to the Space Exploration Company, better known as SpaceX. What Happened The automaker didn't say when the workers were transferred, or for how...
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Tyson Foods To Close Iowa Pork Plant After 555 Workers Test Positive For Coronavirus
2020 May 29, 7:11am | 325Read More...Tyson Foods (NYSE: TSN) is temporarily shutting down its Iowa pork factory due to the transmission of novel coronavirus (COVID-19) at the facility, Reuters reported Thursday. What Happened According to Iowa state officials, at least 555 workers at the Storm Lake plant have tested positive for COVID...
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Cramer Shares His Thoughts On Teva, Oxford Industries And More
2020 May 29, 6:40am | 379Read More...On CNBC's "Mad Money Lightning Round," Jim Cramer said he wouldn't buy Teva Pharmaceutical Industries Ltd (NYSE: TEVA). He explained that it's a generic drugmaker and those stocks are pretty awful in comparison to Merck & Co., Inc. (NYSE: MRK), Pfizer Inc. (NYSE...
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Amazon Offers Full-Time Employment To 125,000 Workers Hired To Meet Increased Demand During Pandemic
2020 May 29, 6:31am | 363Read More...Amazon.com Inc. (NASDAQ: AMZN) is offering full-time employment to 125,000 workers it hired temporarily to meet the increased demand during the novel coronavirus (COVID-19) pandemic, the company announced Thursday. What Happened The e-commerce giant has added 175,000 seasonal employees to its...
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Chinese Parliament To Impose National Security Laws That Will End Hong Kong Autonomy
2020 May 29, 5:54am | 419Read More...In a move that can be construed as ending Hong Kong’s autonomy, the parliament of China has passed controversial national security laws for the territory, similar to the ones in place on the mainland. What Happened China’s parliament, the National People’s Congress, ...
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UPS Slaps 'Peak' Surcharge On Amazon, Walmart, Others, As Delivery Requests Balloon Post Lockdown Ease
2020 May 29, 4:38am | 283Read More...United Parcel Services Inc. (NYSE: UPS) is imposing an additional fee for delivery requests from e-commerce companies that is common during peak seasons, Reuters reported Thursday. The move will come into effect on May 31 and apply to "large, high-volume shippers and companies that send...
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Cisco Consolidates Cloud Software Foray, Acquires ThousandEyes For Nearly $1B
2020 May 29, 4:11am | 389Read More...In a push to consolidate its cloud software unit, Cisco Systems Inc. (NASDAQ: CSCO) has purchased ThousandEyes, a firm that helps companies monitor network outages. What Happened Since Chuck Robbins took over as CEO in 2015, Cisco has been focused on expanding its cloud-based software...
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Trump Signs Executive Order To End Social Media Legal Immunity For Third-Party Content
2020 May 29, 1:08am | 528Read More...President Donald Trump signed an executive order late Thursday aimed at limiting social media platforms immunity from legal actions arising out of third-party content posted on their platform. Barr To Frame Draft Legislation The president said Section 230 of the Communications Decency Act...
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Tesla To Give Musk $700M In Incentives Payment
2020 May 29, 12:46am | 427Read More...Tesla Inc.’s (NASDAQ: TSLA) CEO Elon Musk has earned a huge tranche of shares as an incentive payment valued over $700 million. What Happened In a regulatory filing to the Securities and Exchange Commission, the automaker disclosed that it would pay Musk in 1.7 million Tesla shares valued at...
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Where Does Automotive Go From Here? (With Video)
2020 May 28, 5:48pm | 240Read More...On today's Midday Market Update, Michael Vincent and Kevin Hill are talking about the SONAR powered data, issues, and news that moves you. On this episode they're joined by Jason Roberts, President at Avenger Logistics; John Godfrey, AVP Reconditioning Production Operations at Cox Automotive; and...
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Companies Protect C-Suite Pay As Furloughed Workers Collect Unemployment: Report
2020 May 28, 5:21pm | 629Read More...The coronavirus pandemic stalled thousands of businesses across the U.S., sending desperate execs to the loan office and furloughed employees to the unemployment office. Some companies are using their downtime to craft new compensation plans for executives — plans to mitigate hardship related...
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Volumes Rebound After Holiday, But Shorten In Length – FreightWaves NOW
2020 May 28, 4:56pm | 65Read More...Zach Strickland examines a rebound in volumes after the Memorial Day holiday in the Carrier Update presented by PowerFleet, and Mike Baudendistel discusses signs of recovery in rail traffic with Anthony Smith in the Rail and Intermodal Update.
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Facebook CEO Mark Zuckerberg Talks Working From Home, Fact-Checking Trump
2020 May 28, 3:28pm | 708Read More...Facebook, Inc. (NASDAQ: FB) CEO Mark Zuckerberg was a guest on CNBC's "Squawk Box" Thursday to discuss everything from working from home to Facebook's role in preserving free speech. Zuckerberg On Work From Home Advantages Facebook already said it expects 50% of all of its...
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Freightonomics: The Housing And Home Improvement Sector's Over-Achievement Driving Optimism For Recovery
2020 May 28, 2:50pm | 51Read More...Anthony and Zach discuss the surprisingly rapid recovery in the housing/home improvement sector of the economy and whether it has sustainability.
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Drilling Deep: Toll Collectors Are Handling A Lot Less Money
2020 May 28, 2:46pm | 211Read More...Tolls on bridges, tunnels and roads are plummeting in the wake of the pandemic. Unlike the broader system of highways whose upkeep is paid for by the rapidly depleting Highway Trust Fund, infrastructure funded by tolls generally has a steady stream of income to keep it in working condition. But...
