Business

From working with Will Smith and Kevin Hart, to hosting thousands of events across the globe, Xiaoyin Qu’s schedule has been packed lately. In May, the 27-year-old Stanford dropout added the A-list entertainers to a string of big names eager to back her virtual events start-up with $10.8 million, as investors sought to ride the rising
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U.S. President Donald Trump waves prior to boarding Air Force One as he departs Washington for campaign travel to Minnesota at Joint Base Andrews, Maryland, September 18, 2020. Tom Brenner | Reuters President Donald Trump on Tuesday said that the United States would not impose a lockdown to curb the spread of the coronavirus following
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An American Airlines Inc. McDonnell Douglas MD-82 plane sits parked at a gate while a United Continental Holdings plane taxis down the runway at LaGuardia Airport in the Queens borough of New York. Michael Nagle | Bloomberg | Getty Images Republican Senators on Monday introduced a bill that would give the ailing airline industry more
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Nikola announced early Monday that founder Trevor Milton is voluntarily stepping down as executive chairman. The electric truck company said the board accepted Milton’s resignation from the role and the board. Stephen Girsky, former vice chairman of General Motors and a member of Nikola’s board, has been appointed chairman of the board, effective immediately. “Nikola is
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Bill Gates CNBC Microsoft co-founder and global health philanthropist Bill Gates criticized the current state of the United States’ response to the Covid-19 pandemic on Sunday, including slow turnaround times for tests. Gates told “Fox News Sunday” that the access to fast testing is still inadequate more than six months into the pandemic and that
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Robert Redfield, director of the Centers for Disease Control and Prevention (CDC), speaks during a House Select Subcommittee on the Coronavirus Crisis hearing in Washington, D.C., July 31, 2020. Erin Scott | POOL | Reuters The Centers for Disease Control and Prevention on Friday reversed controversial coronavirus testing guidance, which previously said that people who
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A woman walks past the logo of United Parcel Service in Chicago, Illinois. Jim Young | Reuters United Parcel Service said on Thursday it was offering buyouts to some employees, as Chief Executive Carol Tomé aims to curb costs at the delivery firm. “Aligning our talent with the needs of our company and customers is
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The morning sun rises over a neighborhood as a heatwave continues during the outbreak of the coronavirus disease (COVID-19) in Encinitas, California, U.S., August 19, 2020. Mike Blake | Reuters SINGAPORE — Governments should continue to make investments that combat climate change, even while they focus on coping with the coronavirus pandemic, said Judith Rodin, President Emerita
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Snowflake banners decorate the New York Stock Exchange to market the debut of the software company’s shares in New York on Sept. 16, 2020. Source: Snowflake Check out the companies making headlines in midday trading.  Tesla — Shares of the electric automaker shed more than 3% ahead of the company’s widely-anticipated Battery Day on Tuesday. “Our
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