By Leonard Robinson Job Creators Network, a business advocacy organization, filed suit against Major League Baseball on Monday for moving the All-Star Game from Atlanta in response to Georgia's new voting law. The suit alleges that MLB had no right to move the game from Atlanta to Denver and that doing so was an effort to target [...]
By Leonard Robinson Box offices made enormous gains over the Memorial Day weekend, another positive sign that a return to normal is on the horizon. Box offices across the country bounced back over the holiday, earning $100 million in ticket sales. The long weekend was a pandemic high, though the sales were less than half [...]
By Leonard A. Robinson Acorns, a popular retail investment tool, plans to go public via a merger with a blank-check company at a roughly $2 billion valuation. The Wall Street Journal reported on May 27 that the Irvine, CA-based company would merge with Pioneer Merger Corp., an acquisitions company affiliated with Falcon Edge Capital and Patriot Global [...]
By Leonard A. Robinson Google and national hospital chain HCA Healthcare have agreed to develop healthcare algorithms using patient records, the Wall Street Journal reported in a May 26 exclusive. HCA Healthcare will begin using Google Cloud’s healthcare data products, Google Cloud Healthcare API and BigQuery, as support for the company’s custom-built analytics tools, according [...]
By Leonard A. Robinson DC Attorney General Karl Racine filed a lawsuit on May 25 alleging Amazon’s online retail division violates current antitrust laws and hikes prices for consumers. The lawsuit focuses on the rules to which merchants must agree to sell on the platform. Merchants are prohibited by Amazon from selling products at better [...]
By Leonard A. Robinson The recent merger of Discovery Inc. and the WarnerMedia division of AT&T is a relationship built for Hollywood: complex and fraught with drama. Investors in both companies seem to have lost their enthusiasm for the merger announced on May 17. Within hours, the stock price of both companies dramatically declined and [...]
By Leonard A. Robinson Businesses in the service sector have seen their biggest boom in over a decade, according to data from IHS Markit, a market research firm. The service sector, which primarily consists of bars and restaurants, hotels, travel, logistics, and entertainment, has seen business sharply rise in May. An IHS Market survey of [...]
By Leonard A. Robinson Auto thefts climbed by 9.5% in 2020, according to a study from the National Insurance Crime Bureau (NICB). More than 800,000 car thefts occurred in 2020, an increase of 73,000 from 2019, NICB says. Every month in 2020 saw increases, with June to December seeing double-digit gains each month. Reports have also [...]
By Leonard A. Robinson Microsoft is pulling the plug on Internet Explorer. The Internet Explorer desktop application will be retired and go out of support on June 15, 2022, along with support for certain versions of Windows 10, Microsoft said in a May 19 statement. “The future of Internet Explorer on Windows 10 is in [...]
By Leonard A. Robinson U.S. home construction fell by 9.5% in April, according to U.S. Census Bureau data. New single-family housing construction declined by more than 13% from the month prior, an all-time pandemic low. Meanwhile, building permit applications climbed by 0.3% in April to an annual rate of 1.76 million units, suggesting the [...]
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