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Category: Economy

ERCOT is issuing a Voluntary Maintenance Notice due to forecasted record power demand – NBC 5 Dallas-Fort Worth
Economy

ERCOT is issuing a Voluntary Maintenance Notice due to forecasted record power demand – NBC 5 Dallas-Fort Worth

Pamela LoweJune 20, 2023

With another day of extreme heat in the statewide forecast, ERCOT is asking Texas to voluntarily reduce electricity use on…

PayPal expects to buy back  billion after BNPL’s deal with KKR
Economy

PayPal expects to buy back $5 billion after BNPL’s deal with KKR

Pamela LoweJune 20, 2023

PayPal Holdings announced a deal whereby KKR-managed funds and accounts would buy up to €40 billion of buy-now, subsequent loan…

Alibaba says Eddie Wu will succeed Daniel Chang as CEO in a surprise move
Economy

Alibaba says Eddie Wu will succeed Daniel Chang as CEO in a surprise move

Pamela LoweJune 20, 2023

The company also announced that Zhou Cai will replace Zhang as Group President. Zhang will continue to lead the Alibaba…

This downtown Minneapolis gay bar is dropping Anheuser-Busch products
Economy

This downtown Minneapolis gay bar is dropping Anheuser-Busch products

Pamela LoweJune 19, 2023

The Saloon has long since not sold Bud Light or other Anheuser-Busch brews in downtown Minneapolis due to how the…

Why Amazon built HQ2 and how the Covid pandemic has reshaped it
Economy

Why Amazon built HQ2 and how the Covid pandemic has reshaped it

Pamela LoweJune 19, 2023

Six years ago, Amazon launched a lottery-style contest for a place to build a second headquarters. The competition has attracted…

Asia markets are mostly lower with Japan hovering near 33-year highs
Economy

Asia markets are mostly lower with Japan hovering near 33-year highs

Pamela LoweJune 19, 2023

one hour ago AstraZeneca Overburdens Chinese Business Amid Political Tensions: Financial Times Pharmaceutical company AstraZeneca is considering a plan to…

The Paris Airshow returns as Boeing and Airbus race to ramp up production
Economy

The Paris Airshow returns as Boeing and Airbus race to ramp up production

Pamela LoweJune 18, 2023

The Paris Air Show returns Monday after a four-year hiatus during the pandemic. An aviation analytics firm predicts that there…

The Ripple case is coming to an end, but the fight for clarity must “continue” – Brad Garlinghouse
Economy

The Ripple case is coming to an end, but the fight for clarity must “continue” – Brad Garlinghouse

Pamela LoweJune 18, 2023

Ripple CEO Brad Garlinghouse has warned that as Ripple’s legal battle against the US financial watchdog “has drawn to a…

Reddit’s average daily traffic decreased during the blackout, according to third-party data
Economy

Reddit’s average daily traffic decreased during the blackout, according to third-party data

Pamela LoweJune 17, 2023

When more than 8,000 subreddits were there for 48 hours earlier this week to protest Reddit’s upcoming API changes, there…

Despite the widespread outcry, Reddit’s CEO says the company “doesn’t negotiate” fees for third-party apps
Economy

Despite the widespread outcry, Reddit’s CEO says the company “doesn’t negotiate” fees for third-party apps

Pamela LoweJune 17, 2023

WASHINGTON (AP) — If you took to Reddit to scroll through your favorite forums this week, you may have come…

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