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WASHINGTON — Don’t expect any Sister Souljah moments from Joe Biden regarding “cancel culture.” In 1992, Bill Clinton signaled independence from his party’s own base voters by rebuking Sister Souljah, a Black rapper and activist, in front of a majority Black audience at a meeting of Jesse Jackson’s Rainbow Coalition. After the Los Angeles riots that year, Souljah was quoted as saying that “if Black people kill Black people every day, why not have a week and kill white… Source link

Big Tech is taking a field trip to D.C. to hang out with the House Judiciary subcommittee on antitrust…sometime soon. As of now, the hearing is scheduled for Monday—but reports of a potential postponement broke last night. Why it matters: Google/Alphabet CEO Sundar Pichai will be there to answer questions about Google’s digital ad dominance, the disruption of which could reshape the advertising landscape. I Googled the TL;DR Just kidding, I actually read Morning Brew writer Eliza… Source link

Retail expert Erin Sykes discusses how retailers are adapting for consumers during the coronavirus outbreak, including texting their customers and rolling out small footprint stores. Google has been making a steady effort to transform its e-commerce platform into an Amazon competitor. The tech giant has been trying to recruit more sellers to Google Shopping since it offered free item listings on the e-commerce platform and Google Search in April and eliminated commission fees for… Source link

Wall Street expects a year-over-year decline in earnings on lower revenues when Imperial Oil (IMO) reports results for the quarter ended June 2020. While this widely-known consensus outlook is important in gauging the company’s earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on… Source link

The Atlanta Braves, hours before their opening day game against the New York Mets, are giving us an example of how playing baseball during a pandemic can quickly turn chaotic. Both Braves catchers, Tyler Flowers and Travis d’Arnaud, won’t be available to play Friday after showing coronavirus symptoms. Mark Bowman of MLB.com says both players tested negative but are back in Atlanta. The Braves, instead, summoned two catchers from their taxi squad: While things like this are to be expected —… Source link

Photo by Robert Scoble | Flickr/CC BY 2.0 U.S. Rep. Andy Biggs and scholars from across the country have filed letters with the Maricopa County Superior Court asking for the court to unseal documents related to a lawsuit filed earlier this year by Arizona Attorney General Mark Brnovich claiming that Google defrauded Arizonans.  In a heavily redacted court filing in May, Arizona Attorney General Mark Brnovich claimed that Google has violated Arizona’s Consumer… Source link

There’s a well-established bubble in the tech sector, but it’s not in the well-known FAAMNG club. Facebook (FB), Apple (AAPL), Amazon (AMZN), Microsoft (MSFT), Netflix (NFLX) and Google (GOOG) have buoyed the market amid the coronavirus health pandemic and economic crisis. But the bubble isn’t brewing in the mega-cap names, according to Andrew Slimmon, a managing director and senior portfolio manager at Morgan Stanley. “The key difference between 2000 and today is that in 2000, the… Source link

Russian tech giant Yandex has announced that they have completed the reorganization of their joint venture Yandex.Market and Yandex.Money with Sberbank. In a filing with the regulatory, Yandex said, “The company will now own 100% equity shares of Yandex.Market, with an equity incentive pool set aside for Yandex.Market management.” “Besides this, Yandex has exited the Yandex.Money joint venture. As a result, any financial services non-complete obligations between Yandex and Sberbank… Source link

Stocks fell Friday morning as relations between the US and China were tested further, and after a handful of companies reported quarterly results that disappointed Wall Street. China on Friday ordered that the US close its consulate in the populous city of Chengdu, in response to the Trump administration’s directive to force Beijing to shut down its consulate in Houston earlier this week. Meanwhile, declines in the 30-stock Dow came as shares of Intel and American Express dropped Friday… Source link

(Bloomberg) — Intel Corp. Chief Executive Officer Bob Swan spent almost an hour on Thursday discussing an idea that would once have been unthinkable for the world’s largest semiconductor company: Not manufacturing its own chips. Intel’s shares tumbled as much as 18% Friday morning.Outsourcing is the norm in the $400 billion industry nowadays, but for 50 years Intel has combined chip design with in-house production. And until recently, Intel was even planning to churn out processors for… Source link