Mercedes-Benz Latest Automaker To Join Tesla Charging Network
Tesla (NASDAQ: TSLA) continues to expand automaker access to its charging network, following partnerships with both Ford and General Motors. The latest major OEM to reach an agreement with the electric car brand is Mercedes-Benz, whom previously announced that it would be building its own network across the US. Mercedes this morning revealed that it […]
US Unemployment Rate Dips to 3.6% in June
Latest data from the Bureau of Labour Statistics shows that job creation in the US is still strong, despite the Federal Reserve’s efforts to tame an overheated economy. June’s nonfarm payrolls jumped by 209,000, slightly below estimates calling for an increase of 225,000 and less than the downwardly revised 306,000 reported in May. The unemployment […]
Canada’s Economy Unexpectedly Adds 60K Jobs in June
Canada’s economy added about 60,000 new jobs in June, substantially more than the 17,300 drop in May, and well above forecasts calling for an increase of 20,000. The unemployment rate, meanwhile, rose 0.2 percentage points to 5.4%— the highest in nearly 12 months and slightly above the 5.3% expected by economists. Last month’s employment gains […]
Cronos Confirms That It Has Received Expressions Of Interest, While Curaleaf Refuses To Comment
Cronos Group (TSX: CRON) has confirmed that it has received what amounts to “a number” of unsolicited indications of interest for the potential sale of the company. The indications of interest are said to come from third parties, with each involving a potential transaction. Cronos however has not provided details on who is seemingly interested […]
Twitter Quietly Backtracks On Only Letting Logged-In Users Read Posts
It appears that just days after enforcing a new rule that required users to be logged in to read tweets, Twitter has quietly dropped the restriction. The move is on-brand with the chaotic and erratic decision-making Twitter owner Elon Musk has brought into the platform since taking over in November. Musk tagged the new rule […]
OceanGate Suspends All Operations After Submersible Implosion
OceanGate, the company that owned the Titan submersible which tragically imploded on a mission to explore the Titanic wreck, has announced the suspension of all its operations. The suspension of operations by OceanGate, a company based in Everett, Washington, was confirmed via a statement posted on its official website. The company said it “has suspended […]
Twitter Alleges Intellectual Property Theft by Meta Over New Threads App
Twitter has reportedly threatened Meta with legal action over its newly launched app, Threads. According to Semafor, the news outlet that published a cease-and desist letter written by Twitter’s legal representative, Twitter accuses Meta of illicitly appropriating its trade secrets and other intellectual property. In the correspondence, Alex Spiro, acting on behalf of Twitter, claimed […]
Iowa Enacts Expansive Rollback of Child Labor Laws
Iowa becomes the latest state to enact new laws that roll back child labor protections. Beginning July 1, kids 14 to 16 years old are now allowed to work in conditions that are illegal under federal law. Under the statute, 14- to 15-year-olds can now work until 11 p.m. during the summer, and until 9 […]
Wanna Bet On Who The Owner Of White House Cocaine Is? Well, You Can (And Guess Who’s Leading the Odds)
The White House, being one of the most heavily-monitored and secured places on Earth, is the last place you’d think anyone would find some white powder just lying around — except that’s what happened Sunday night. On July 2, Secret Service agents discovered an unknown substance that was later identified as “cocaine hydrochloride.” While the […]
Cronos Group Jumps On Rumor Of Acquisition Talks With Curaleaf
Cronos Group (TSX: CRON) jumped as much as 20% in mid-day trading today following the release of a rumor by Reuters that the Altria Group (NYSE: MO) backed cannabis producer might be exploring a sale. The exploration of a sale is said to follow the attraction of acquisition interest from peers in the industry, including […]