Elon Musk Tesla U.S. Business News 

Elon Musk Catches Backlash for Early Flaws in Tesla Insurance – CCN Markets

Elon Musk tweeted about new Tesla automotive insurance today. Followers came out in flocks, claiming the new insurance is so much better than other companies. | Source: Source: REUTERS/Mike Blake Elon Musk took matters into his own fingers today and pumped the new Tesla auto insurance on Twitter. The rock-star smart-guy, known for space travel and smoking weed on podcasts, tweeted that his company’s new insurance should be “20% less than [average].” At the end of the tweet, he asks for “critical feedback.” He got it. Try Tesla Insurance. Should…

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amazon apple google Op-ed U.S. Business News 

Apple Says ‘Sorry’ for Completely Disregarding Our Privacy – CCN Markets

Almost a month after getting caught misusing our Siri voice recordings, Apple says they’re sorry. Would they be sorry if they were never caught? | Drew Angerer / Getty Images / AFP Apple, who was caught listening to our data earlier this month, just apologized for their privacy violations. In a post to their site, they claim that privacy is “a fundamental human right.” It didn’t seem to be when they were essentially wiretapping our Siri voice recordings.  According to The Guardian, an Apple whistleblower said,  “There have been countless…

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johnson & johnson Op-ed todd butterfield U.S. Business News 

JNJ Stock Laughs Off $572 Million Opioid Fine With DJIA-Best Rally – CCN Markets

Johnson & Johnson has been at the center of controversy as of late. The multinational pharmaceutical company faces backlash for its alleged role an opioid crisis in Oklahoma as prosecutors accuse the firm of promoting drugs (Duragesic and Nuncyta) that fueled overdose cases in the state. $572 Million Judgment Doesn’t Phase Investors The ruling was announced yesterday, and the drugmaker was found to have “compromised the health and safety of thousands of Oklahomans.” Johnson & Johnson was ordered to pay $572 million. With the company losing the case, one would…

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apple iPhone Op-ed U.S. Business News 

Apple Card Is the Biggest iPhone Marketing Ploy Ever. Here’s Why

Apple Card is irrelevant. It strives to become a marketing tool for an underperforming iPhone market rather than an actual credit card. | Source: AP Photo/Tony Avelar, File By CCN Markets: The first thing to understand about Apple Card is that it is not exactly a card. Undoubtedly, the technology behemoth’s entry into the finance sector brings an aggressively white, titanium-made credit card – which has let go of the 16-digit numbers found on traditional credit/debit cards – to the forefront. hands on with the #AppleCard pic.twitter.com/37xnhMTjLs — ChampagneFelipe 🥂 (@champagnefelipe) August 12,…

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Donald Trump Steel U.S. Business News U.S. Market News 

Layoffs Perversely Bump U.S. Steel Stock 10% in Pre-Market Boost

Pink slips are turning US steel stocks green. | Source: Shutterstock By CCN Markets: News of impending layoffs at some U.S. Steel Corporation plants has been greeted warmly by the market. In pre-market hours, the price of the stock has gone up by over 10 percent to reach a unit price of $12.43. At the market close on Monday, U.S. Steel was valued at $11.28. Just last week the stock hit a three-year low of around $10.80. U.S. Steel stock price | Source: TradingView The pre-market rally comes amidst the…

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Dow Jones S&P 500 stock market U.S. Business News U.S. Market News 

This S&P 500 Stock Rocketed 13% Higher Because of Strong Consumer

S&P 500 stock Estee Lauder is pricey, but there may be another way for investors to play retail and capitalize on strong consumers. | Source: Shutterstock By CCN Markets: The S&P 500 is comprised of nearly a dozen sectors, all of which traded in the green today. Leading the charge is skincare stock Estee Lauder, which is a reflection of the strong consumer that continues to keep this economy afloat. The stock is currently hovering at a new 52-week high after Estee Lauder reported stronger-than-expected earnings and provided a sunny…

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facebook Libra Mark Zuckerberg Op-ed U.S. Business News 

Facebook Contractor Spies on Horrified Moderators. When Does It End?

A Facebook partner is spying on its own traumtized content moderators, giving us even more reasons to distrust Mark Zuckerberg’s company. | Source: AFP PHOTO / Brendan Smialowski Facebook released a video last year apologizing for its data misuse that likely swayed the 2016 election. It ends by saying “if this place does what it was built for, we all get a little closer.” That is the problem, Facebook. It’s time to back off. The Intercept just released an exposé detailing how managers at the Austin, Texas outpost have been…

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Adam Neumann Elon Musk Op-ed U.S. Business News WeWork 

WeWork’s CEO Is the Next Elon Musk

WeWork CEO Adam Neumann is on track to become the next Elon Musk. That might sound like a compliment. Trust me – it’s not. | REUTERS / Eduardo Munoz By CCN Markets: The last thing an investor wants to read in an IPO prospectus is a warning that the company’s CEO may have committed an SEC violation – even an itsy-bitsy one. But that’s the case with WeWork co-founder and CEO Adam Neumann, who is on track to become the next Elon Musk for all the wrong reasons. Let me…

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Adam Neumann Opinion U.S. Business News U.S. Market News We Company WeWork 

5 Crazy Numbers We Found in WeWork’s Horrorshow IPO

WeWork revealed its IPO prospectus on Wednesday and we found some bizarre facts and figures inside. Source: Shutterstock By CCN Markets: The prospect of a WeWork IPO was met with skepticism after the official S-1 filing to the SEC revealed some extravagant facts and figures about the company and its CEO. Here are 5 interesting numbers to be found in the IPO filing. 13 – the number of times ‘energy’ is mentioned WeWork CEO Adam Neumann once said the company’s energy and spirituality were more important than its revenues |…

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IPO Op-ed U.S. Business News WeWork 

WeWork’s IPO Will Go to Zero After the First Recession

WeWork’s IPO will fail because its business model requires a booming economy. The next recession will destroy the company.  | Source: Shutterstock By CCN Markets: There’s a song that says, “one is the loneliest number.” In fact, zero is the loneliest number, especially when it is preceded by a dollar sign. And $0 is where WeWork stock is going to go after the next recession hits, but don’t count on anyone else to tell you that. So avoid the WeWork IPO. The We Company’s Business Model Is Destined to Fail WeWork,…

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