Sales & Marketing news

• The company behind the Suez Canal blockage once spilled 28,800 plastic toys into the ocean in the 1990s

  26-03-2021 12:53 via feedproxy.google.com
  
  The Ever Given, trapped in the Suez Canal, Egypt, as of Thursday March 25 2021.
  Suez Canal Authority28,800 plastic toys were mysteriously dumped into the ocean in the 1990s, prompting a big investigation.
  They were eventually traced back to a ship operated by Evergreen Marine.
  Evergreen Marine is the company behind the Ever Given, the vessel currently blocking the Suez Canal.
  See more stories on Insider's business page.
  A boat operated by the Evergreen Marine Corp., the company behind the vesse
  
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• An apparent meteor shower over the Pacific Northwest was actually burning space debris from a SpaceX Falcon 9 rocket - take a look

  26-03-2021 12:50 via feedproxy.google.com
  
  SpaceX CEO Elon Musk.
  Hannibal Hanschke-Pool/Getty Images
  Debris from a SpaceX Falcon 9 rocket was streaking across the skies above Seattle and Portland on Thursday.
  Astronomer Jonathan McDowell tweeted that it would probably fall in the Rockies near the Canadian border.
  The space junk was from Starlink's 20th mission at the start of May, he said.
  See more stories on Insider's business page.
  The bright lights hurtling across the sky in the Pacific Northwest on Thursday were made by burning spac
  
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• Dominion files $1.6 billion defamation lawsuit against Fox News over election conspiracy theories

  26-03-2021 12:48 via feedproxy.google.com
  
  Fox News opinion host Sean Hannity
  NICHOLAS KAMM/AFP via Getty Images
  Dominion filed a defamation lawsuit Friday against Fox News over election conspiracy theories.
  Fox hosts frequently invited Sidney Powell and Rudy Giuliani on their programs.
  The two pushed false theories about Dominion flipping election results, with little pushback.
  Visit the Business section of Insider for more stories.
  Dominion Voting Systems filed a defamation lawsuit against Fox News, seeking $1.6 billion in damages.The
  
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• Photos and maps show how an enormous container ship got stuck in the Suez Canal, blocking one of the world's most vital shipping routes

  26-03-2021 12:18 via feedproxy.google.com
  
  Satellite image of the Ever Given in the Suez Canal
  Cnes2021, Distribution Airbus DS
  The huge Ever Given container ship has been stuck in the Suez Canal for more than 72 hours.
  Mariners have tried to dig and pull the ship out, so far without success.
  Pictures show a timeline of the grounding of the vessel that has hit global trade.
  See more stories on Insider's business page.
  The Ever Given, the massive container ship stuck in Egypt's Suez Canal, was still wedged in place as of midday Friday lo
  
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• A Cathie Wood ETF bought about 800,000 shares in a Serena Williams-backed SPAC that just entered a $1.6 billion deal

  26-03-2021 12:11 via feedproxy.google.com
  Cathie Wood.
  ARK InvestCathie Wood's ARK Robotics fund bought about 800,000 shares in a SPAC backed by Serena Williams.The SPAC, called Jaws Spitfire, recently entered a $1.6 billion merger with a 3D printing company.Wood's flagship Innovation ETF is currently sitting on a 8% year-to-date loss.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Cathie Wood's ARK Autonomous Technology & Robotics exchange-traded fund recently bought shares in a special-purpose acquisition
  
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• Twitter CEO Jack Dorsey was caught red-handed trolling Congress by tweeting a sarcastic poll during a Big Tech hearing

  26-03-2021 11:55 via feedproxy.google.com
  
  Twitter CEO Jack Dorsey.
  PRAKASH SINGH/AFP via Getty Images
  Jack Dorsey was called out for tweeting during a congressional hearing about misinformation online.
  The Twitter CEO tweeted a poll that appeared to mock the simple "yes or no" answers lawmakers demanded.
  Rep. Kathleen Rice told Dorsey that his "multi-tasking skills are quite impressive."See more stories on Insider's business page.
  Twitter boss Jack Dorsey on Thursday was busted tweeting a saracastic poll during a congressional hearing
  
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• Goldman Sachs predicts the S&P 500 will hit 4,300 over the next year - but says watch out for bond yields

  26-03-2021 11:35 via feedproxy.google.com
  Goldman Sachs remains bullish on stocks despite recent turbulence
  Brandan McDermid/ReutersGoldman Sachs analysts predicted the S&P 500 would rise another 10% to above 4,000 in the next 12 months.They said strong global growth was making them most bullish on cyclical and non-US stocks.Yet they said rising bond yields and weaker-than-expected growth remained risks.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Goldman Sachs analysts have said they remain confident ab
  
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• WeWork has agreed to go public via a SPAC merger. The deal values it at $9 billion, less than a quarter of its 2019 valuation.

  26-03-2021 11:20 via feedproxy.google.com
  
  A WeWork office in Beijing.
  Wang Zhao/AFP via Getty Images
  Shared-workspace company WeWork has agreed to go public via a SPAC merger.
  It agreed to merge with the BowX Acquisition Corp. SPAC in a deal valuing it at $9 billion.
  The deal comes two years after its failed IPO attempt. It was valued at $47 billion in 2019.
  See more stories on Insider's business page.
  WeWork is merging with a special-purpose acquisition company, SPAC, in a deal that values it at $9 billion including debt, the company
  
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• The huge container ship blocking the Suez Canal is still stuck 72 hours later, snarling world trade. Its owners say it might get unstuck on Saturday.

  26-03-2021 11:20 via feedproxy.google.com
  
  A map of Ever Given, the large yellow vessel, stuck in the middle of the Suez Canal and surrounded by smaller cargo ships.
  Vessel Finder
  Ever Given, the enormous container ship lodged in the Suez Canal, was still stuck as of Friday.
  The ship has caused a massive, expensive logjam in one of the world's most important trade routes.
  Pictures and maps below show the state of the bottleneck.
  See more stories on Insider's business page.
  A massive container ship, the Ever Given, has been stuck blockin
  
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• Inside Hippo's S-4 - Jane Street nabs senior volatility trader - How Fidelity values SpaceX, ByteDance

  26-03-2021 10:50 via feedproxy.google.com
  
  Lucas Jackson/ReutersGood morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:We've got five key details from insurance startup Hippo's S-4 outlining its plans for growth as it prepares to go public via SPAC.The market for volatility traders is hot, with Jane Street poaching Aaron Katzman, a Barclays MD, to focus on single-stock options.Find out how Fidelity's $110 billion Contrafund values stakes in unicorns like SpaceX and TikTok parent ByteDance.
  
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• 10 Things in Politics: Biden bets on infrastructure

  26-03-2021 10:45 via feedproxy.google.com
  
  President Joe Biden.
  APGood morning! Welcome back to 10 Things in Politics. Sign up here to get this newsletter in your inbox each day. Send your tips and suggestions to [email protected] or tweet me @BrentGriffiths. Here's what you need to know:Biden wants a real infrastructure week, no malarkey.A messy divorce case has led Manhattan prosecutors to more documents about Trump's finances.A progressive think tank is churning out policy wonks for the White House.1. BIDEN LEAVES OTHER ISSUES F
  
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• Warren-Buffett backed RH stock has skyrocketed 1,600% in 4 years - and just hit a record high

  26-03-2021 10:25 via feedproxy.google.com
  Warren Buffett.
  REUTERS/Rick Wilking
  RH's stock price has jumped 1,600% in the past four years.The luxury-furniture company's shares have soared about 400% over the past 12 months.The retailer counts Warren Buffett's Berkshire Hathaway as a key shareholder.See more stories on Insider's business page.A luxury-furniture stock backed by Warren Buffett has rocketed up 1,600% in the past four years, and hit a new high on Thursday.RH, formerly known as Restoration Hardware, has surged in value from $
  
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• Uber is reopening its San Francisco offices, but only at 20% capacity, and staff can decide whether or not to return

  26-03-2021 10:25 via feedproxy.google.com
  
  Uber CEO Dara Khosrowshahi.
  Riccardo Savi/Getty Images
  Uber plans to reopen its Mission Bay, San Francisco office on March 29, it announced Thursday.
  The Uber offices would reopen at 20% capacity and staff will have to wear face coverings, it said.
  Return to the office is voluntary, Uber said.
  See more stories on Insider's business page.
  Uber said on Thursday it planned to reopen its offices at Mission Bay, San Francisco, with 20% occupancy on March 29, and provide an option for its staff to re
  
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• Global stocks rise after US jobless claims tumbled to their lowest since the pandemic began, while Europe eyes a slow vaccine rollout

  26-03-2021 10:08 via feedproxy.google.com
  Spencer Platt/Getty ImagesGlobal stocks rose after US jobs data the previous day fed into optimism about economic recovery.President Joe Biden doubled his vaccine goal to 200 million vaccine shots by the end of April.Efforts to dislodge the ship stuck in the crucial Suez Canal is expected to take until next Wednesday.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Global stocks edged higher on Friday, after data the previous day showed US weekly jobless claims fell to th
  
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• California Supreme Court rules it's unconstitutional to detain people in jail because they cannot afford bail

  26-03-2021 09:29 via feedproxy.google.com
  
  California's Supreme Court decided an arrestee could not be detained solely because they lackthe resources to post bail.
  Justin Sullivan/Getty Images
  California's Supreme Court ruled it is unconstitutional to hold people in jail simply because they can't afford bail.
  The ruling requires judges to assess community safety and a defendant's ability to pay bail when determining bail amounts.High bail requirements disproportionately impact poor communities of color.See more stories on Insider's busi
  
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• Here are 6 notable changes passed as part of Georgia's highly-contested and sweeping elections bill

  26-03-2021 08:01 via feedproxy.google.com
  
  Demonstrators stand outside of the Georgia Capitol building on March 3, 2021 in Atlanta, Georgia.
  Megan Varner/Getty Images
  Georgia Gov. Brian Kemp signed a sweeping election reform bill into law Thursday.
  The bill expands early voting and requires an ID number for absentee voting, among other things.
  Here are six notable changes to elections and voting included in the legislation.
  See more stories on Insider's business page.
  After Georgia cast the definitive votes in both the US presidential e
  
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• A Georgia lawmaker was charged with a felony while protesting Gov. Brian Kemp's signing of a new voter reform bill

  26-03-2021 05:03 via feedproxy.google.com
  
  This photo taken on Jan. 4, 2021 shows the Georgia State Capitol building in Atlanta, Georgia.
  Wang Xiaoheng/Xinhua via Getty Images
  Georgia Gov. Brian Kemp signed a sweeping election reform bill into law Thursday.
  As he announced the bill, Democratic Rep. Park Cannon was filmed knocking on Kemp's door.
  Cannon was arrested and charged with obstruction as a result of the incident.
  See more stories on Insider's business page.
  Georgia state Rep. Park Cannon was arrested on Thursday and charged wit
  
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• The giant ship stuck in the Suez Canal is costing the global economy an estimated $400 million per hour

  26-03-2021 04:20 via feedproxy.google.com
  
  The Ever Given, trapped in the Suez Canal, Egypt, as of Thursday, March 25, 2021.
  Suez Canal Authority
  A cargo ship the size of the Empire State Building has been jammed in a vital trade route for days.
  The Ever Given's blockage of the Suez Canal is costing $400 million per hour, Lloyd's List estimates.
  On average, $9.7 billion in goods travel through the canal, connecting Asia and Europe, every day.
  See more stories on Insider's business page.
  A massive cargo ship blocking the Suez Canal, one
  
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• AOC and other progressive lawmakers privately met with White House officials to discuss the filibuster and minimum wage

  26-03-2021 03:58 via feedproxy.google.com
  
  Rep. Alexandria Ocasio-Cortez, D-N.Y., on Monday, August 24, 2020.
  Tom Williams/CQ-Roll Call, Inc via Getty Images/Pool
  White House chief of staff Ron Klain met privately with AOC and other progressives this week.
  According to a scoop by Axios, this meeting touched on the filibuster and minimum wage.This meeting signals the Biden administration's willingness to work with more progressiveDemocrats.See more stories on Insider's business page.
  White House chief of staff Ron Klain held private meet
  
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• YouTube is temporarily demonetizing David Dobrik's channels following a rape allegation against his former Vlog Squad cohort Dom Durte

  26-03-2021 03:38 via feedproxy.google.com
  
  David Dobrik speaks onstage during Nickelodeon's Kids' Choice Awards on March 13, 2021.
  Rich Fury/KCA2021/Getty Images for Nickelodeon
  YouTube is temporarily blocking David Dobrik and Durte Dom from making money off ads.
  The company said it demonetized the channels following a rape allegation against Durte Dom.
  Insider first reported the allegation brought by a woman featured in a 2018 vlog.
  See more stories on Insider's business page.
  YouTube has temporarily blocked David Dobrik and now former
  
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• Elon Musk illegally 'threatened' to retaliate against workers and Tesla repeatedly violated labor laws, NLRB says

  26-03-2021 00:51 via feedproxy.google.com
  
  Yasin Ozturk/Anadolu Agency via Getty Images
  The National Labor Relations Board ruled Thursday that Tesla repeatedly violated labor laws.
  The NLRB said Elon Musk must remove a tweet that "unlawfully threatened" workers hoping to unionize.
  It also said Tesla must rehire a union activist it fired in 2017.
  See more stories on Insider's business page.
  The National Labor Relations Board ruled Thursday that Tesla repeatedly violated labor laws by trying to prevent workers from organizing and discussin
  
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• US troops had to use their phones as flashlights to try to escape a sinking assault amphibious vehicle that killed 9 of them

  26-03-2021 00:13 via feedproxy.google.com
  
  Marines aboard an assault amphibious vehicle.
  US Navy photo by Mass Communication Specialist 1st Class RJ Stratchko
  The Marine Corps has released the investigation into the AAV that sank and killed nine last summer.
  The investigation shows that failure after failure led to tragedy.
  At one point, troops used phones to open the escape hatch because the emergency lights were out.
  See more stories on Insider's business page.
  The US Marine Corps assault amphibious vehicle (AAV) accident last summer
  
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• Jennifer Weisselberg said she gave investigators probing Trump's finances '7 boxes of documents' she got in her divorce from the Trump Org CFO's son

  26-03-2021 00:10 via feedproxy.google.com
  
  Donald Trump in September.
  Drew Angerer/Getty Images
  Jennifer Weisselberg says she gave prosecutors looking into Trump "seven boxes" of documents.
  The Trump Organization documents came from a divorce case with the company's CFO's son.
  The Manhattan DA's office got a fuller picture of Trump Org finances after a subpoena in February.
  See more stories on Insider's business page.
  Prosecutors learned details about the Trump Organization's finances after a key employee tried to withhold them in his d
  
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