Now that he's out of office, former President Donald Trump faces a daunting challenge: rehabilitating his brand after it's been tarnished by a tumultuous presidency that ended with riots at the U.S. Capitol and a second impeachment. The good news for Trump: More than 74 million Americans voted for him and might be willing to stay at his hotels, golf at his resorts and buy his products, such as shirts, golf accessories and jewelry. The bad news: Business experts say many companies are expected to keep him at a distance, treating him as bad for business.
With less than a week to go in the Trump White House, staffers are reportedly frantically looking for their next gig. They’re not having a lot of luck.
Manhattan’s district attorney said on Monday he might have grounds to investigate President Donald Trump and his businesses for tax fraud, as he seeks to persuade a federal appeals court to let him obtain Trump’s tax returns. Lawyers for District Attorney Cyrus Vance made the assertion in a filing with the 2nd U.S. Circuit Court of Appeals in Manhattan, four days before it considers Trump’s request to block Vance’s August 2019 subpoena for the tax returns.
Apple showed off its latest smartwatch with faster computing power and an ability to measure blood oxygen as well as updated iPads on Tuesday as interest rises in such devices among homebound users looking for help tracking exercise and logging hours of remote work and learning.
The former New York mayor and candidate for the Democratic presidential nomination Mike Bloomberg will spend at least $100m to support Joe Biden in Florida, in an attempt to counter any infusion of personal cash by Donald Trump and to seek a decisive victory in early voting.
Louis Vuitton owner LVMH said Thursday it intends to file a lawsuit against Tiffany. The news comes a day after after Tiffany sued LVMH for trying to get out of a $16.2 billion deal to buy the upscale jewelry chain. LVMH said Tiffany has mismanaged the coronavirus crisis and called its recent financials “very disappointing.”
Many investors seem to believe that today’s giant technology companies will dominate the stock market for decades to come. Years, maybe. Decades, probably not.
Stock markets have lost some of their spectacular gains made over the past several months, as investors sold off high-flying tech companies and worried about the continuing crisis in the US jobs market.
But Mike Sievert also has a warning for Trump's critics, cautioning Democrats in a Facebook post last week against extreme-sounding rhetoric that could help the president in November.
Im Bilanzskandal um den Zahlungsdienstleister Wirecard nimmt die Staatsanwaltschaft München ein millionenschweres Darlehen zwischen den früheren Vorständen Markus Braun und Jan Marsalek unter die Lupe.
A new wave of layoffs is washing over the U.S. as several big companies reassess staffing plans and settle in for a long period of uncertainty.
Der Betrugsskandal bei Wirecard hat jetzt auch für zahlreiche Mitarbeiter des Zahlungsdienstleisters Konsequenzen. Rund 730 von insgesamt 1.300 Beschäftigte wird gekündigt, teilte Insolvenzverwalter Michael Jaffé am Dienstag mit. Auch alle Vorstände werden entlassen.
The New York State attorney general’s office has asked a judge to order Eric Trump to provide testimony under oath and the Trump Organization to hand over documents about four Trump properties it is investigating, asserting the company has stalled the inquiry for months, court papers show.
Die Staatsanwaltschaft prüft den Vorwurf der Untreue gegen Alexander von Knoop und Susanne Steidl. Sie äußern sich dazu nicht – und kommen weiter ins Büro. Mitarbeiter schildern gespenstische Szenen.
Elon Musk has soared through the global wealth league this year and become the world’s fourth richest person, after a boom in the share price of the Tesla car company he co-founded and part-owns increased his wealth by more than $13.3bn in two days of trading.
The postmaster general on Tuesday said he would pause changes to the operations of the Postal Service until after the election amid bipartisan outcry, a sharp reversal after President Trump spent days defending the agency's actions.
The U.S. Postal Service (USPS) has warned state election officials of "inconsistencies" between its delivery service and state deadlines for receiving and counting mail-in ballots, raising the possibility that many votes may not arrive in time to be counted.
Like banks in the 2008 financial crisis, Facebook and other tech giants are “too big to fail”, according to research from Oxford University that calls for new regulations to protect users, and society, in the event of a possible collapse.
Company bids to recover payoff and accuses Steve Easterbrook, fired last year over relationship with employee, of lying.
Mit seinen Handelsattacken hat Trump der US-Wirtschaft großen Schaden zugefügt. Selbst wenn er abgewählt wird, ist keine schnelle Wende zu erwarten.
One of Egypt's top government officials has invited Elon Musk to see the Great Pyramids of Giza for himself after the Tesla CEO claimed that the historical landmark was built by aliens.
Der Technologiekonzern hat den Umsatz auf fast 60 Milliarden Dollar gesteigert. Der Gewinn stieg um zwölf Prozent. Die Aktie knackte daraufhin erstmals die 400-Dollar-Marke.
Goldman Sachs announces return to work
Goldman Sachs is going back to work. The banking giant told staff on Wednesday that it would start letting people back into its offices in the coming weeks after shutting most of them down in March amid the coronavirus pandemic. In a memo to staff, Goldman’s chief executive officer, David Solomon, said staff around the world would soon be notified of plans to allow people to return to their offices. Staff will return on a rotational basis in some offices and the plans will vary depending on local, business and personal circumstances.
More than $1 trillion in value lost in three days
The six biggest tech stocks have lost more than $1 trillion over the last three days alone, but it’s really just a dent coming off a huge rally that peaked last week. Apple, which hit a $2 trillion market cap on Aug. 19, is down about $325 billion in that time period. Microsoft’s down $219 billion, Amazon fell $191 billion, Alphabet cratered by $135 billion, and Tesla, which fell 21% on Tuesday to mark its worst single-day loss in its history, is down $109 billion in the last three days.
Epic Games’ App Store account suspended
Apple on Friday said it suspended Epic Games’ developer account. It follows a temporary restraining order on Monday evening, in which a judge ruled that Apple can block Fortnite but not Epic’s developer account. However, Apple said it terminated an Epic developer account that does not include the Unreal Engine that’s used by third-party developers to make 3D games, which keeps the move in line with the judge’s order. ″We are disappointed that we have had to terminate the Epic Games account on the App Store. We have worked with the team at Epic Games for many years on their launches and releases,” Apple said.
MGM Resorts lays off 18,000 workers
MGM Resorts International is laying off 18,000 furloughed workers in the U.S. as a global travel slowdown impedes the casino industry’s recovery from the ongoing pandemic. The job cuts, which start Monday, represent about one-fourth of the company’s pre-pandemic workforce of 68,000 U.S. employees. After casino shutdowns and furloughs in March, the continuing spread of coronavirus in the U.S. has prevented the rebound of many industries, including hospitality, airlines and oil extraction.
Noch ein Jahr im Home-Office
Noch ein Jahr Heimarbeit: Google will für die kommenden zwölf Monate Heimarbeit. Firmenchef Sundar Pichai hat die Entscheidung vergangene Woche nach einer internen Debatte getroffen. Die Google-Mutter Alphabet hatte Ende vergangenen Jahres etwa 119.000 Vollzeit-Mitarbeiter. Der Internet-Konzern legt sich damit als eines der ersten großen Unternehmen auf eine sehr späte Rückkehr in die Büros fest. Zugleich gaben einige Tech-Unternehmen wie etwa Twitter ihren Mitarbeiter bereits die Freiheit, auch nach dem Ende der Corona-Pandemie weiter uneingeschränkt von zuhause arbeiten zu dürfen.