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So far Tim Büchner has created 5690 blog entries.

TikTok to Pull Out of Hong Kong After China Imposed National-Security Law

By |2020-07-07T08:26:59+00:00July 7th, 2020|Uncategorized|

HONG KONG—TikTok, the buzzy short-video platform owned by Chinese technology giant Bytedance Ltd., said it would pull out of Hong Kong within a week in light of “recent developments” in the city. Last week, mainland Chinese authorities imposed a fast-tracked national-security law on Hong Kong that includes provisions empowering police to order internet companies take…

Palantir, One of Silicon Valley’s Oldest Startups, Files to Go Public

By |2020-07-07T08:26:58+00:00July 7th, 2020|Uncategorized|

Palantir Technologies Inc. said it has confidentially filed paperwork with the Securities and Exchange Commission to go public, ending an extended wait that made the data analytics company one of Silicon Valley’s oldest private startups. Palantir had teased the market with plans to list shares for at least half a decade. Co-founded in 2004 by…

TikTok to Pull Out of Hong Kong After China Imposed National-Security Law

By |2020-07-07T05:29:38+00:00July 7th, 2020|Uncategorized|

HONG KONG—TikTok, the buzzy short-video platform owned by Chinese technology giant Bytedance Ltd., said today it would pull out of Hong Kong within a week in light of “recent developments” in the city. Last week, mainland Chinese authorities imposed a fast-tracked national-security law on Hong Kong that includes provisions empowering police to order internet companies…

Palantir, One of Silicon Valley’s Oldest Startups, Files to Go Public

By |2020-07-07T05:29:37+00:00July 7th, 2020|Uncategorized|

Palantir Technologies Inc. said it has confidentially filed paperwork with the Securities and Exchange Commission to go public, ending an extended wait that made the data analytics company one of Silicon Valley’s oldest private startups. Palantir had teased the market with plans to list shares for at least half a decade. Co-founded in 2004 by…

Palantir has confidentially filed for a public listing

By |2020-07-07T05:29:32+00:00July 7th, 2020|Business|

Palantir, the secretive $20 billion big data company, has quietly a filed a draft of its paperwork for a public listing, it announced in a press release Monday.Rumors resurfaced last month that the company, launched in 2003 by PayPal alumni including Peter Thiel, was preparing to file its S-1 with the SEC.Palantir has struggled to…

McConnell opens the door to another stimulus check for Americans

By |2020-07-07T05:29:31+00:00July 7th, 2020|Business|

Senate Majority Leader Mitch McConnell on Monday opened the door to a second round of stimulus checks."I think the people who have been hit the hardest are people who make about $40,000 a year or less," McConnell said.McConnell's comments echoed those from Larry Kudlow, the National Economic Council director, who said last month that additional…

Warren Buffett’s Bet Is a Midstream Buying Signal

By |2020-07-07T00:30:17+00:00July 7th, 2020|Uncategorized|

After months of quiet browsing, Warren Buffett has finally found something worth buying. Berkshire Hathaway on Sunday announced an agreement to buy Dominion Energy’s midstream energy business for $9.7 billion including debt as Dominion shifts its focus to utilities. The purchase is right in Mr. Buffett’s wheelhouse: an old, out-of-favor sector he knows well. It...

U.S. Business Groups Urge China to ‘Redouble Efforts’ to Implement Trade Deal

By |2020-07-06T21:30:47+00:00July 6th, 2020|Uncategorized|

NEW YORK—As senior U.S. and Chinese economic officials plan to discuss China’s compliance with a trade deal signed early this year, more than 40 American business groups called on Beijing to step up purchases of U.S. manufactured goods as well as energy and other products as part of the agreement. In a letter sent Monday to…

Gun Violence Marked Fourth of July Weekend in Cities Across the U.S.

By |2020-07-06T21:30:46+00:00July 6th, 2020|Uncategorized|

A spate of shootings in cities across the U.S. over the holiday weekend resulted in the deaths of a number of children and calls from officials for a halt to the violence. Police departments in cities including Chicago and New York reported a higher number of incidents and fatalities compared with the same period last…

Search Jeffrey Epstein’s little black book for the first time

By |2020-07-06T20:29:39+00:00July 6th, 2020|Business|

Samir Hussein/WireImage/Getty Images; Mikhail Svetlov/Getty Images; Thierry Chesnot/Getty Images; Doug Mills-Pool/Getty Images; Robin Marchant/WireImage; Bennett Raglin/WireImage; Chip Somodevilla/Getty Images; David M. Benett/Dave Benett/Getty Images; Alexander Koerner/Getty Images; Samantha Lee/Business Insider This story is available exclusively on Business Insider Prime. Join BI Prime and start reading now. Business Insider has tabulated Jeffrey Epstein's notorious "little black…

Search every known flight made by Jeffrey Epstein’s private jets

By |2020-07-06T20:29:38+00:00July 6th, 2020|Business|

Business Insider This story is available exclusively on Business Insider Prime. Join BI Prime and start reading now. Business Insider has compiled a dataset of every known flight made by Jeffrey Epstein's private jets.The late sex offender owned a Gulfstream IV, a Gulfstream GV-SP and a Boeing 727 nicknamed the "Lolita Express." Business Insider combined flight…

Gun Violence Marked Fourth of July Weekend in Cities Across the U.S.

By |2020-07-06T17:26:43+00:00July 6th, 2020|Uncategorized|

A spate of shootings in cities across the U.S. over the holiday weekend resulted in the deaths of a number of children and calls from officials for a halt to the violence. Police departments in cities including Chicago and New York reported a higher number of incidents and fatalities compared with the same period last…

Colin Kaepernick, Disney Team Up for Series on Racial and Social Injustices

By |2020-07-06T17:26:42+00:00July 6th, 2020|Uncategorized|

Colin Kaepernick and Walt Disney Co. have reached a deal that brings together the activist quarterback and the entertainment giant to produce content about the racial and social topics Kaepernick has championed. The new venture brings together Disney, one of the NFL’s biggest financial partners via its ESPN networks, and Kaepernick, an outspoken critic of…

U.S. Releases Names of Biggest PPP Borrowers

By |2020-07-06T15:27:15+00:00July 6th, 2020|Uncategorized|

WASHINGTON—The Trump administration was set Monday to disclose the names of more than 650,000 businesses that received loans under the Paycheck Protection Program—information officials say will show the emergency fund helped firms across the economy weather the pandemic. The data dump will name borrowers receiving loans of more than $150,000. In all, about 4.9 million…

Hospitals Treat Covid-19. They Spread It, Too.

By |2020-07-06T15:27:14+00:00July 6th, 2020|Uncategorized|

The University of Illinois Hospital in Chicago thought it was ready when the pandemic reached its emergency room in early March. Staff wearing protective gear whisked the first coronavirus patient into isolation, allowing the hospital to stay open for urgent operations. “We have response plans in place to minimize any continued risk to patients, staff…

Uber to Buy Postmates for $2.65 Billion in Stock

By |2020-07-06T13:27:42+00:00July 6th, 2020|Uncategorized|

Uber Technologies Inc. said it has agreed to buy Postmates Inc. for about $2.65 billion in stock, the latest in a flurry of consolidation moves in the food-delivery sector. The combination boosts Uber Eats, the company’s food-delivery arm that already has an international footprint and is among the largest in the U.S. DoorDash has the…

As Coronavirus Surges in U.S., Some Countries Have Just About Halted It

By |2020-07-06T13:27:41+00:00July 6th, 2020|Uncategorized|

Some European nations are closing in on a milestone that to the U.S. seems distant: virtually stopping the new coronavirus from spreading within their territories. Echoing the achievement of Asia-Pacific countries such as New Zealand, Vietnam and Taiwan, a handful of places in Europe are reporting only a smattering of new daily infections. Their success…

Wirecard’s former No. 2 has disappeared after its $2 billion accounting scandal, and nobody knows where he is

By |2020-07-06T12:26:44+00:00July 6th, 2020|Business|

Wirecard's former chief operating officer Jan Marsalek has not been in contact with Wirecard executives since June 22 and nobody seems to know where he is, the Wall Street Journal reported.  He was known as the second in command for German payment processor Wirecard.  Wirecard filed for insolvency almost 2 weeks ago, following a $2…

An audit of Wirecard’s key business in Europe and the US reportedly shows its internal financial numbers are far worse than previously thought

By |2020-07-06T12:26:43+00:00July 6th, 2020|Business|

Lennart Preiss/Getty Wirecard's primary business operations in Europe and the US have been unprofitable for years, according to a Financial Times investigation, bringing into question official financial reports which showed significant profits. An internal audit conducted by KPMG shows that Wirecard's outsourced activities in Asia made up for the "lion's share" of its group profits,…

Behind Oil’s Rise Is a Historic Drop in U.S. Crude Output

By |2020-07-06T11:27:39+00:00July 6th, 2020|Uncategorized|

U.S. crude supply is falling at its quickest pace ever, easing a global oil glut and spurring a swift recovery in fuel prices. Yet oil’s push back above $40 a barrel as drivers return to roads isn’t enough for beleaguered shale producers, which until recently were the driving force behind a transformation of the global…

Coronavirus Hits Nation’s Key Apple, Cherry Farms

By |2020-07-06T11:27:38+00:00July 6th, 2020|Uncategorized|

A surge in coronavirus cases in one of the country’s top regions for apples and sweet cherries is challenging agricultural operations already limited by rules aimed at preventing such outbreaks, underscoring the difficulty of keeping farmworkers safe. Recent emergency regulations issued by Washington state to curb outbreaks of coronavirus among farmworkers living in temporary housing…

Global Stocks Jump, Led By Surge in Chinese Markets

By |2020-07-06T09:26:56+00:00July 6th, 2020|Uncategorized|

Global stock markets and U.S. futures rallied on hopes for a strong recovery from the coronavirus pandemic and a signal from Chinese state media suggesting investors should support a local bull market. The Shanghai Composite Index gained 5.7% to reach 3332.88, its highest close since February 2018. Brokerages, banks, miners, aviation companies and developers led…

U.S. Coronavirus Death Toll Nears 130,000 as Infection Rate Surges

By |2020-07-06T09:26:55+00:00July 6th, 2020|Uncategorized|

The U.S. death toll from the coronavirus pandemic neared 130,000, as surging infection rates in many parts of the country heaped more pressure on overstretched hospitals. The U.S. added more than 49,000 new cases on Sunday, according to data compiled by Johns Hopkins University. Cases in the U.S. account for about a quarter of the…

New York Election Officials Wade Through Absentee Ballots

By |2020-07-06T00:27:04+00:00July 6th, 2020|Uncategorized|

Two weeks after the polls closed for New York’s primary elections, dozens of political campaigns still are actively pushing for votes in the electoral equivalent of extra innings. Officials in New York City will begin opening more than 389,000 absentee ballots this week, an unprecedented number of mailed votes that were cast as a result…

Masks and Makeup Don’t Mix, So Cosmetic Fans Seek Permanent Fix

By |2020-07-05T20:26:58+00:00July 5th, 2020|Uncategorized|

After months of living in a pandemic, Liqing Ye got fed up with her lipstick always smearing under a face mask—revealed when unmasking at dinner with friends or in meetings. She hit upon a solution: getting her lips tattooed with a semi-permanent coral hue. The procedure, which costs about $350 and involved a tiny needle…

Developing World Loses Billions in Money From Migrant Workers

By |2020-07-05T20:26:57+00:00July 5th, 2020|Uncategorized|

Migrant workers—from Polish farmhands working the fields of southern France to Filipino cruise-ship workers in the Caribbean—who lost their jobs because of the pandemic’s economic impact are running out of cash to send home, dealing a blow to the fragile economic health of the developing world. Tens of millions of Indians, Filipinos, Mexicans and others…

Susan Rice on Russia bounties: Trump doing ‘arch-adversary’s bidding’

By |2020-07-05T20:26:51+00:00July 5th, 2020|Business|

Former national security adviser Susan Rice on Sunday said the Trump administration's narrative on the Russia bounty plot doesn't add up."I don't buy this story that [Trump] was never briefed," Rice, who served as former President Barack Obama's adviser from 2013–2017, said in an interview with Andrea Mitchell on NBC's "Meet the Press.""We have a…

Chicago sees 13 fatalities, including 2 children during July 4 Weekend

By |2020-07-05T20:26:50+00:00July 5th, 2020|Business|

At least 67 people were shot in the Chicago area over Independence Day weekend, according to the Chicago Sun-Times.Two children were unintended victims of the deadly incidents that occurred when perpetrators fired into or in the direction of large crowds, the newspaper reported.Mayor Lori Lightfoot, a first-term mayor pushing for police reform, had added 1,200 additional police…

Coronavirus Researchers Compete to Enroll Subjects for Vaccine Tests

By |2020-07-05T17:32:05+00:00July 5th, 2020|Uncategorized|

Vaccine researchers are trying new tacks in an unprecedented effort to recruit the tens of thousands of healthy volunteers needed to finish testing coronavirus shots in late stages of development. Quickly lining up all the subjects for so many studies at the same time poses several challenges, creating competition among companies. Given the...

After Reopenings Stall, Can Restaurants Survive a Second Coronavirus Blow?

By |2020-07-05T17:32:04+00:00July 5th, 2020|Uncategorized|

Restaurants that survived the coronavirus hit in March and April are reeling from a second punch that could put more eateries out of business. Many restaurants that were just starting to recover some sales are bracing for another, potentially existential round of restrictions as a resurgence in coronavirus cases in the U.S. prompts a pullback…

Don’t Know How Much Stimulus Is Needed? Put it on Autopilot, Some Say

By |2020-07-05T15:26:52+00:00July 5th, 2020|Uncategorized|

WASHINGTON—One of the trickiest questions facing Congress when it takes up the debate on new stimulus later this month is just how much help the economy needs to recover from the Covid-19 pandemic. If it is already recovering rapidly, the government may spend and borrow more than needed, pushing the national debt higher. If the…

After Week of Coronavirus Highs, U.S. Sees Slight Drop in Cases for July Fourth

By |2020-07-05T15:26:51+00:00July 5th, 2020|Uncategorized|

After a week that included some of the worst days of coronavirus infections in the U.S., the country saw a slight dip in cases on the Fourth of July as the nation celebrated a subdued holiday. The number of daily new cases declined to around 45,000 on Saturday, according to data compiled by Johns Hopkins…

Boris Johnson Takes Aim at Bureaucrats, Seeing Them as Obstacles to Change

By |2020-07-05T12:29:19+00:00July 5th, 2020|Uncategorized|

LONDON—Britain’s civil service, which has prided itself for decades on standing apart from the political fray and offering impartial advice to governments, is bracing for a storm. Since Prime Minister Boris Johnson’s election victory in December, three of Britain’s top four civil servants have said they are quitting or been pushed out. The...

‘Pile of garbage’: Wirecard’s stock is so toxic after its $2 billion accounting scandal that even the highly speculative world of day-trading is shying away

By |2020-07-05T12:27:28+00:00July 5th, 2020|Business|

German fintech Wirecard filed for insolvency in June following a $2 billion scandal, which saw its former chief executive Markus Braun get arrested and resign.  Wire card's share price tanked 97% from $117 to just under $4 in less than three weeks.  But even as it slumps, the stock is too toxic for the highly…

Seattle: 1 dead, 1 in ICU after car drives at protesters

By |2020-07-05T12:27:27+00:00July 5th, 2020|Business|

A man drove through a crowd of protesters demonstrating on a closed section of a Seattle, Washington, freeway early Saturday morning.Two women — 24-year-old Summer Taylor and 32-year-old Diaz Love — were hit and rushed to the hospital.Taylor died on Saturday night and Love remains in critical condition in the intensive care unit.The driver has…

Recession Led by Services Sector Is Particularly Painful for Latino Workers

By |2020-07-05T10:28:51+00:00July 5th, 2020|Uncategorized|

A dramatic drop in hotel stays, elective surgeries and dining out since the coronavirus outbreak in February is driving a recession that is unlike every other since the Great Depression. Prior downturns were largely led by lower spending on such things as cars, houses, and factories while this one is hitting the service industries. That change has meant Latino…

Woman Hit by Car in Seattle Protest Dies

By |2020-07-05T06:28:11+00:00July 5th, 2020|Uncategorized|

A 24-year-old woman died Saturday of her injuries after she and another woman were hit by a car on a closed highway in Seattle while protesting against police brutality, authorities said. Summer Taylor of Seattle died in the evening at Harborview Medical Center, spokeswoman Susan Gregg said. Ms. Taylor and Diaz Love, 32, of Portland,…

Trump hosts elaborate July 4 event amid rising COVID-19 cases

By |2020-07-05T04:26:42+00:00July 5th, 2020|Business|

President Donald Trump and first lady Melania Trump watch a U.S. military aircraft flyover while hosting a 4th of July "2020 Salute to America" to celebrate the U.S. Independence Day holiday on the South Lawn of the White House in Washington, U.S., July 4, 2020. Reuters/Carlos Barria Americans shied away from typical Fourth of July…

Can’t Actually Meet Up? Dating Apps Pivot to Video

By |2020-07-05T02:27:00+00:00July 5th, 2020|Uncategorized|

Now Playing 7/1/2020 6:00AM      With social distancing recommendations and laws in effect across the country, meeting people online and developing relationships virtually has never been more popular. WSJ explores what this shift means for the future of online dating. Photo Illustration: Match Group/Dom Amatore for The Wall Street Journal Up Next Editor Picks Shelf 4:54…

Cleveland Indians Will Consider a Name Change

By |2020-07-05T00:27:42+00:00July 5th, 2020|Uncategorized|

Cleveland’s Major League Baseball franchise, known as the Indians since 1915, said it would consider changing its nickname, a move that comes amid a recent movement across the U.S. to reexamine iconography that is thought to be racist or racially insensitive. The team revealed its intentions hours after the NFL’s Washington Redskins—with a moniker commonly…

Time for RV Investors to Hit the Road

By |2020-07-04T20:26:54+00:00July 4th, 2020|Uncategorized|

The recreational-vehicle industry is enjoying a nice ride, but investors shouldn’t park their money for long. With plane travel still largely grounded and the cruise industry temporarily docked, recreational vehicles offer owners the ability to turn shelter-in-place into an instant summer vacation. That has been a boon lately for RV stocks, after the industry was…

New coronavirus strain is more infectious but does not make people sicker: study

By |2020-07-04T20:26:47+00:00July 4th, 2020|Business|

A new strain of the novel coronavirus that's spreading from Europe to the US is more infectious than its predecessor but is not making people any sicker than before, according to a new global study first reported on by CNN.Researchers call the new strain G614 and the previous strain D614. One of the researchers who…

Elon Musk denies Jeffrey Epstein toured SpaceX facilities

By |2020-07-04T20:26:46+00:00July 4th, 2020|Business|

Elon Musk on Saturday denied that the late convicted sex offender and multimillionaire Jeffrey Epstein was given a tour of a SpaceX facility. A photo showed Musk with Ghislaine Maxwell, Epstein's alleged co-conspirator who was arrested on Thursday, raising questions about his relationship to Musk. In a statement to Vanity Fair last year, Musk distanced himself from…

July Fourth Celebrations Are Subdued as U.S. Coronavirus Cases Surge

By |2020-07-04T16:27:10+00:00July 4th, 2020|Uncategorized|

Americans prepared for a scaled-back Fourth of July celebration, with many events canceled and officials urging people to take extra precautions as the U.S. recorded more than 50,000 new coronavirus cases for a third consecutive day. With infections and hospitalizations rising across wide swaths of the U.S., the holiday—which typically draws big crowds to beaches,…

A North Korean Defector’s Tale Shows Rotting Military

By |2020-07-04T13:29:10+00:00July 4th, 2020|Uncategorized|

SEOUL—They were supposed to represent North Korea’s fighting elite. Dispatched to Korea’s demilitarized zone roughly three years ago, Roh Chol Min was a new recruit on the front lines. He sized up his fellow 46 soldiers in the unit and saw men like himself: tall, young and connected. Mr. Roh had won the coveted position,…

Driving Over Air Travel, Takeout Over Cafes: Pandemic Shapes Consumption

By |2020-07-04T11:29:45+00:00July 4th, 2020|Uncategorized|

U.S. consumers are buying again, but their shopping patterns show broad fears of persistent health risks amid the pandemic. Coronavirus cases, after reaching a plateau in April and May, are rising across the South and West, sparking fears of a resurgence. The data show consumers have in many ways been mindful of the risks all…

Warren Buffett spent $6.5 billion to help Mars acquire Wrigley during the financial crisis. Here’s the story of how he made the candy deal happen.

By |2020-07-04T11:29:36+00:00July 4th, 2020|Business|

Warren Buffett spent $6.5 billion to help Mars acquire Wrigley during the financial crisis. The famed investor and Berkshire Hathaway CEO bought $2.1 billion of Wrigley preferred stock paying a 5% annual dividend, and $4.4 billion in bonds boasting an 11.45% interest rate. The merger was "completed without pause while, elsewhere, panic reigned," Buffett said.…

2 of Europe’s top central bankers dropped hints that it might be time to start removing unprecedented coronavirus stimulus packages

By |2020-07-04T11:29:35+00:00July 4th, 2020|Business|

Tolga Akmen/Getty Chief economists at the Bank of England and the European Central Bank are indicating it might be time to retreat from injecting massive amounts of economic stimulus into economies. Business indicators seem to suggest that global economies and the UK have recovered sooner and "materially faster" than expected, according to Andy Haldane. ECB…