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  1. Rewind is offline
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    Joined: Oct 2017 Location: Glendale Posts: 9,385
    04-19-2021, 05:26 PM #21
    Peloton Interactive, founded in January 2012 in New York City, manufactures treadmills and stationary bicycles. Following reports of several children being injured by the Tread+ treadmill – and one child dying – the Consumer Product Safety Commission says the treadmill "poses serious risks to children.” Gee, ya think? Peloton shares closed today at $107.75, a loss of $8.46 (7.28%)

    Peloton refuses to recall its Tread+ treadmill after 39 accidents. Its stock is tumbling.

    https://www.cnn.com/2021/04/19/inves...ock/index.html

  2. Rewind is offline
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    05-07-2021, 06:22 PM #22
    Among the tech stocks posting gains today: Intel +0.48 (0.84%), Alphabet +14.58 (0.62%), Microsoft +2.73 (1.09%), Dell +1.29 (1.29%), Hewlett-Packard +1.82 (6.41%).

    Why the horrid April jobs report was actually great news for stocks
    Business Insider, May 7 2021 5:48 PM

    The April jobs report badly missed estimates today but the stock market promptly hit record highs anyway. That's because the market is now in a phase where bad economic news is good news for equities. The biggest fear for investors is an inflation spike that prompts the Federal Reserve to tighten monetary policy sooner than expected. The weak jobs report soothed those worries.

    April saw an addition of 266,000 jobs, well below the estimated forecast of 1 million. Unemployment rose to 6.1% from 6.0%, bucking expectations for a decline. It was the worst miss since 1998. But instead of an instant drop in stocks following the April jobs report, there were record highs for the S&P 500 and a spike in tech shares. The tech-heavy Nasdaq 100 soared more than 1%. And while the more economically sensitive Dow Jones industrial average initially sold off, it quickly reversed into positive territory.

    If the weak jobs reports continue, it could result in a jump in wage inflation as businesses are forced to pay top-dollar for workers. But for now, as evidenced by today's move in the stock market, bad news is good news.

    https://markets.businessinsider.com/...1-5-1030402886

  3. Rewind is offline
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    Joined: Oct 2017 Location: Glendale Posts: 9,385
    05-15-2021, 06:04 PM #23
    My advice: If you have weeds on your property, pull them up by hand. Don't use sprays and chemicals.

    Appeals court upholds $25 million award in Monsanto cancer case
    The Associated Press, May 14 2021

    A federal appeals court has upheld a $25 million award against agribusiness giant Monsanto Co. in a lawsuit that alleged a California man developed cancer from exposure to its best-selling weed killer, Roundup. In a 2-1 ruling, a panel of the US 9th Circuit Court of Appeals rejected Monsanto's appeal of punitive damages awarded in 2019 by a San Francisco jury.

    The jurors found that Edwin Hardeman proved Roundup’s design was defective, it lacked sufficient cancer warnings and its manufacturer was negligent. They initially awarded Hardeman more than $80 million in damages but a judge later reduced the punitive portion of the award, bringing the total to around $25 million. Hardeman blamed his non-Hodgkin's lymphoma on decades of using Roundup products to treat poison oak, overgrowth and weeds on his San Francisco Bay Area property.

    https://www.wfmj.com/story/43890468/...to-cancer-case

  4. Rewind is offline
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    Joined: Oct 2017 Location: Glendale Posts: 9,385
    Today, 01:37 AM #24
    After inventing and patenting the telephone, Alexander Graham Bell co-founded the Bell Telephone Company in 1875. A subsidiary, the American Telephone & Telegraph Company (AT&T), was established in 1885. I can imagine all of today's teenagers – who have grown up with computers and mobile phones – asking, "What the heck is a 'telegraph'?"

    AT&T set to end media voyage with $43 billion Discovery deal
    Reuters, May 17 2021 7:49 PM

    AT&T, owner of HBO and Warner Bros studios, and Discovery, home to lifestyle TV networks such as HGTV and TLC, will combine their content to form a standalone global entertainment and media business. Discovery Chief Executive David Zaslav will lead the proposed new company, which will comprise one of Hollywood’s most powerful studios, including the Harry Potter and Batman franchises, news network CNN, sports programming and Discovery’s unscripted home, cooking and nature and science shows.

    Today's move marks the unwinding of AT&T's ambitious plan to forge a telecoms and media powerhouse through a flurry of deals including the 2018 $108.7 billion acquisition of media conglomerate Time Warner and the 2015 purchase of satellite TV service DIRECTV for $68 billion. AT&T will use the $43 billion proceeds from the tax-free spin-off of its media assets to pay down its more than $160 billion of debt.

    https://www.reuters.com/technology/a...se-2021-05-17/

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