Category: Business News

Business group: Companies in China want ‘clarity’ after security rule changes, raids on consultants

By JOE McDONALD
AP Business Writer

BEIJING (AP) — A business group says foreign companies in China want “greater clarity” about changes in China’s cybersecurity and other rules and how the ruling Communist Party will enforce them after they were rattled by raids on consulting firms. The British Chamber of Commerce in China said companies are optimistic and want to invest but are waiting for steps to “restore the trust and certainty” amid geopolitical tensions and official plans to promote self-reliance. President Xi Jinping’s government says foreign companies are welcome and is trying to encourage them to invest more. But

…
Read More

Angry Fox News chief said fact-checks of Trump’s election lies ‘bad for business’ | FoxNews

The top executive at Fox News was furious one of the network’s reporters was fact-checking Donald Trump’s false claims about the 2020 election, writing in a December 2020 email that it was “bad for business”.

Suzanne Scott, the chief executive of Fox News, was responding in early December 2020 to an on-air fact-check by Eric Shawn, one of the network’s anchors. “This has to stop now,” she wrote to Meade Cooper, another Fox executive. “This is bad business and there is clearly a lack of understanding [sic] what is happening in these shows. The audience is furious and we are

…
Read More

Devin Haney vs. Vasiliy Lomachenko fight prediction, odds, start time, undercard, preview, expert picks

A young, rising star clashes with one of the greats of the previous generation on Saturday when Devin Haney defends his status as undisputed lightweight champion against former unified champion Vasiliy Lomachenko. Years in the making, the fight is a classic crossroads clash that represents different things for both men.

For Lomachenko, who has held world titles in three different weight classes since turning professional after a storied amateur career, the fight is his first — and likely only — chance to achieve his dream of becoming undisputed champion. At 35 years old and fighting two weight classes higher

…
Read More

Tucker Carlson leaves Fox News days after Dominion lawsuit settlement

April 24 (Reuters) – Fox News Media and its top-rated host Tucker Carlson have agreed to part ways, less than a week after parent company Fox Corp (FOXA.O) settled for $787.5 million a defamation lawsuit in which Carlson played a starring role roles.

The outspoken Carlson embraced conservative issues and delivered his views with a style that made his prime-time show, “Tucker Carlson Tonight”, the highest-rated cable news program in the key 25-to-54 age demographic on the most-watched US cable news network. Shares of Fox closed 2.9% lower on the news, which the company announced on Monday.

Dominion Voting Systems

…
Read More

Berkshire Hathaway shareholder meeting takeaways: Warren Buffett’s remarks

Warren Buffett, chairman and CEO of Berkshire Hathaway, criticized the government’s intervention in recent bank failures, saying on Saturday it averted what could have become an even bigger crisis.

Yet he said the US banking system had become too complicated — and it was not surprising that the banks failed. He said he’d been selling bank stocks, first at the start of the pandemic and more recently over the past six months as banks increasingly face mismanagement and respond to bad incentives.

“The American public doesn’t understand their banking system — and some people in Congress don’t understand it anymore

…
Read More

Sign up for local business news with our new Fond du Lac Streetwise newsletter

With a growing community of small businesses and regional or national chains eyeing the city for new locations, Fond du Lac is seeing a lot of activity.

The new Streetwise newsletter can help you keep track of these business happenings.

I’ve taken on several roles in and around the Fond du Lac Reporter over the last few years, but now I’m focused on giving readers the latest on our local businesses, from what’s opening and closing to who’s making waves in the business community .

I grew up in Fond du Lac, so I know from a street-walking perspective of

…
Read More

Important team and business changes

Team –

We are changing the shape of Shopify significantly today to pay unshared attention to our mission. There are a number of consequences to this, and I don’t want to bury the lede: after today Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics; this means some of you will leave Shopify today. I recognized the crushing impact this decision had on some of you, and did not make this decision lightly.

In the next 5 minutes you’ll get a follow up that tells you if you are affected. There’s no way to make this

…
Read More

Peloton is recalling almost 2.2 million exercise bikes because the seat post can break

Peloton is recalling 2.16 million exercise bikes in the US and Canada because of a risk that the seat post could break during use, causing injuries.

The US Consumer Product Safety Commission said on Thursday it had received 35 reports of the seat post breaking and detaching from the bike during use. There were 13 reports of injuries due to falling from the bike, including a wrist fracture, lacerations and bruises.

This recall involves Peloton bikes with model number PL01, sold from January 2018 to May 2023.

The product is being recalled in both Canada and the United States. The

…
Read More