Sunday, August 16, 2020
A viral Facebook post shared over 29,000 times claims Bank of America pledged to donate $1 billion directly to Black Lives Matter. Verdict: False Bank of America pledged $1 billion over four years to a variety of programs meant to combat inequality and racial injustice, not to Black Lives Matter. A spokesperson for the company…
President Donald Trump signed four separate executive orders aimed at cutting the cost of prescription drugs in the U.S. on Friday, saying Americans aren’t getting a fair deal. The first order requires that community health centers pass on the “massive” discounts they have traditionally received on purchases of insulin and epipens to their customers. The…
An image shared on Facebook more than 94,000 times claims Starbucks has called for police departments to be defunded. Verdict: False There is no evidence that Starbucks, as a company, supports defunding police departments. A Starbucks spokesperson confirmed the claim is false. Fact Check: There have been growing calls to “defund the police” since George…
AP Gold can hit record highs before the end of 2020 if its rally continues to breach key resistance levels, Bank of America said in a Tuesday note. The precious metal has recently rallied on fears of botched economic reopenings and...
IBM confirmed reports from over night that it is conducting layoffs, but wouldn’t provide details related to location, departments or number of employees involved. The company framed it in terms of replacing people with more needed skills as it...
Khatabook, a startup that is helping small businesses in India record financial transactions digitally and accept payments online with an app, has raised $60 million in a new financing round as it looks to gain more ground in...
Following President Trump’s signing of the historic Coronavirus Aid, Relief, and Economic Security (CARES) Act, SBA Administrator Jovita Carranza and Treasury Secretary Steven T. Mnuchin today announced that the SBA and Treasury Department have initiated a robust mobilization effort of banks...
With $349 Billion in Emergency Small Business Capital Cleared, SBA and Treasury Begin Unprecedented Public-Private Mobilization Effort to Distribute Funds Following President Trump’s signing of the historic Coronavirus Aid, Relief, and Economic Security (CARES) Act, SBA Administrator Jovita Carranza and...
StockX, the high-flying resale marketplace that connects buyers and sellers of sneakers, streetwear, handbags and other collectible items who agree on pricing, has seen its fortune rise along with the $6 billion global sneaker resale market, which is part of the broader $100 billion sneaker category. In fact, the company, which was assigned a billion-dollar-plus valuation…