Business News

Business Business News Target temporarily closes 24 Minnesota stores amid looting: list – Business Insider

A looter made off with Target Merchandise, and a mannequin, Wednesday night. Star Tribune via Getty Images Target is closing 24 stores in Minnesota “until further notice” amid protests against the death of George Floyd.Photos and videos showed people looting Target stores in Minneapolis-St.Paul on Wednesday and Thursday. “At this time, we have made the decision…

Business Business News Costco’s free samples are set to return in June, but with new rules – Business Insider

Costco’s free food sample stations are set to begin returning in June, according to CFO Richard Galanti.In Thursday’s earnings call, Galanti spoke to analysts about how the coronavirus pandemic has affected the warehouse club’s latest quarterly earnings. Galanti said that the chain will be issuing new rules regarding sampling, saying that members will not longer be…

Business Business News Satire sites run fake headlines about Mark Zuckerberg to test Facebook – Business Insider

Two satirical websites are testing Facebook’s stance that it shouldn’t be the “arbiter of truth.”The websites shared satirical articles with fictional headlines about CEO Mark Zuckerberg to Facebook on Wednesday.The posts came just as Zuckerberg had reiterated the company’s stance on freedom of expression during broadcast news interviews before Trump signed a new executive order…

Business Business News Here are the tech companies Trump’s executive order calls out by name – Business Insider

In response to Twitter fact-checking his tweets, President Donald Trump has signed an executive order aimed at regulating social media companies.In the order, Trump explicitly called out Twitter, Facebook, Instagram, and YouTube. But in a notable tweak from the draft version, Google’s name was removed from the order, even though it is still clearly referenced.Visit Business…

Business Business News Elon Musk has officially hit the first milestone of his $55 billion compensation package – Business Insider

REUTERS/Noah Berger Tesla CEO Elon Musk, who doesn’t take a salary from the company, has officially unlocked the first part of his $55 billion compensation package, the company said Thursday. Tesla announced in an updated regulatory filing that its board has certified the requirements — $20 billion in revenue and a sustained market cap of $100…

Business Business News Trump signs executive order threatening penalties to Twitter, Facebook – Business Insider

President Donald Trump signed an executive order Thursday seeking to crack down on social-media companies over allegations of bias against conservatives.The move comes two days after Twitter fact-checked two of Trump’s tweets pushing false claims about voting by mail.Trump’s executive order seeks to empower federal regulators to amend a statute that gives social-media companies broad…

Business Business News Facebook’s algorithm is a sociopath, and Facebook management is too greedy to stop it – Business Insider

For years, Facebook has known that its algorithms encourage and amplify antisocial behavior like hate speech and extreme political bias to keep users engaged, according to company documents reported in The Wall Street Journal.When given proposals to make the platform better, executives often balked. They didn’t want to offend bad actors, and they didn’t want…

Business Business News ‘Dave whisperers’: Amazon logistics execs reveal unusual culture – Business Insider

The executives who work for Amazon SVP Dave Clark say their boss is “brilliant” — but his straightforward attitude inspires an unusual corporate culture.Too spooked to communicate directly with Clark, one said they must become “Dave whisperers” to analyze what Clark is directing their teams.Disagreeing with Clark can stir up his “pointed” temper, some workers…

Business Business News ‘You have an obligation to others:’ McConnell urges Americans to wear face masks – Business Insider

McConnell reportedly urged Americans to wear a mask at a Wednesday event in Kentucky, saying “you have an obligation.””There’s no stigma attached to wearing a mask. There’s no stigma attached to staying 6 feet apart,” McConnell said.The remarks are a stark contrast to Trump, who has refused to wear one in public and recently mocked…