Gerard Williams is one of three former Apple engineers who started Nuvia, a manufacturer of silicon chips for data center processors. Apple does not like competition. Apple is suing. Apple shares closed today at $268.48, a gain of 1.56.
Apple is suing its former lead chip designer after he quit to set up his own chip company
https://www.businessinsider.com/appl...-giant-2019-12
Oh boy! All I have to do is set aside $1,000 every week and I'll be able to get a fully loaded Mac Pro in December of 2020. I can't imagine Apple will be able to sell very many of these.
Apple's new Mac Pro could cost more than $52,000
https://www.cnn.com/2019/12/09/tech/...rnd/index.html
Funny thing – Trump hasn't said anything about this on Twitter. He takes sole credit when employment is up but never takes the blame when the jobless rate rises. I wonder why.
Jobless claims suddenly jumped to a two-year high
https://www.cnn.com/2019/12/12/econo...ims/index.html
Saudi Arabian Oil Company, more commonly known as Saudi Aramco, raised $25.6 billion in an IPO yesterday. Two billion dollars of that came from the Saudi government. Crown Prince Mohammed bin Salman wanted the company's valuation to reach $2 trillion. Today it did, but only briefly. It closed a little below $2 trillion. Saudi Aramco trades on the Tadawul stock exchange under the symbol ARMCO.
The world has its first $2 trillion company – but for how long?
https://www.cnn.com/2019/12/12/inves...ion/index.html
Coffee mixed with cola. Or is it cola mixed with coffee? Either way, it sounds disgusting.
PepsiCo to debut Pepsi Café, a coffee-cola drink, next year
https://www.cnbc.com/2019/12/12/peps...next-year.html
Shoes made from castor beans and eucalyptus leaves. Are we supposed to wear them.....or eat them?
Vegan athletic shoes set to be next sustainable plant-based craze in 2020
https://www.cnn.com/2019/12/14/busin...gan/index.html
Bed Bath & Beyond has been busy bidding bye-bye to a bevy of bosses.
Bed Bath & Beyond's new CEO just laid off nearly his entire C-Suite
CNN Business, Dec 17 2019 11:57 AM
It took new Bed Bath & Beyond CEO Mark Tritton less than two months to clear out nearly the chain's entire executive suite. The company announced today that six members of its C-Suite are leaving, including its chief merchandising officer, chief marketing officer and chief digital officer. Three of the six had been with Bed Bath & Beyond for more than 20 years. Bringing in "fresh perspectives from new, innovative leaders of change" will help Bed Bath & Beyond adapt to consumers' shopping needs, Tritton said in a statement.
https://www.cnn.com/2019/12/17/busin...ton/index.html
Rite Aid is the United States' third largest drugstore chain behind CVS and Walgreens. Rite Aid trades on the NYSE under the symbol RAD.
Rite Aid skyrockets 50% on blockbuster earnings, biggest jump in 10 years
https://markets.businessinsider.com/...-12-1028777271
America's steel industry has been hard hit by Trump's 25% tariffs. Those are the tariffs he said would be paid for by China, not by Americans. He was lying, of course. A White House spokesman who is obviously a Trump lapdog blames this steel mill closure not on the tariffs but on "problems" at US Steel. Oh, okay.
US Steel is closing a Detroit-area steel mill and laying off 1,500 workers
https://www.cnn.com/2019/12/20/busin...ing/index.html
Every December, Mad magazine publishes an issue detailing the year's "20 dumbest people, events and things." This year's number one is "Boeing's Max stupidity": attaching "new engines to old planes," resulting in the crashes of two 737 MAX planes and the deaths of 346 people. In a phone call to President Trump in March, Boeing's CEO insisted the planes are safe and asked that they not be grounded. Nobody believed him. The FAA ordered the planes grounded. Today, the CEO resigned. You don't mess with Mad and the FAA!
Boeing CEO Dennis Muilenburg is out as 737 MAX crisis lingers
https://www.latimes.com/business/sto...enburg-resigns
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