General Motors unveils new high-end GMC Sierra Denali and AT4X pickups

2022 GMC Sierra 1500 AT4X (left) and Denali Ultimate GM DETROIT – General Motors is rolling out two new high-end GMC Sierra 1500 pickups, including one called the Denali Ultimate, that will start at more than $80,000 – making it the most expensive full-size, half-ton pickup on the market. The new models aim to build …

U.S. government agency in charge of financial stability weighs in on climate change risks

U.S. Treasury Secretary Janet Yellen listens as U.S. President Joe Biden holds a meeting with business leaders and CEOs about the debt limit at the White House in Washington, U.S., October 6, 2021. Kevin Lamarque | Reuters The Treasury Department’s Financial Stability Oversight Council on Thursday released a report assessing the risks a changing climate …

Google Play cuts subscription fee from 30% to 15% starting Jan 1, 2022

Google said today that starting on January 1, 2022, it will be decreasing the service fee for all subscriptions on Google Play to 15 per cent from 30 per cent, and for developers offering subscriptions, this means that first-year subscription fees will be cut in half. “Digital subscriptions have become one …

CDC panel unanimously endorses Moderna and J&J Covid boosters, sending to director for final approval

An influential Centers for Disease Control and Prevention advisory committee on Thursday unanimously recommended boosters of Moderna and Johnson & Johnson‘s Covid-19 vaccines, sending it to CDC Director Dr. Rochelle Walensky for final approval. The agency’s Advisory Committee on Immunization Practices meeting recommended the Moderna booster for elderly people and at-risk adults six months after …

Facebook, Twitter and digital ad stocks drop sharply after Snap earnings

The logos of Twitter, Facebook and Instagram on the screen of an iPhone. Tom Weller | DeFodi Images via Getty Images Shares of Facebook and Twitter and other social media and digital advertising companies are sharply down in after-hours trading, after Snap reported it missed revenue expectations in the third quarter as Apple‘s iPhone privacy …

American, Southwest CEOs say they don’t plan to fire employees over federal vaccine mandate

Southwest Airlines Chairman and CEO Gary Kelly (R) speaks alongside American Airlines chairman and CEO Doug Parker (L) following a meeting with other airline executives at the White House about extending economic assistance to the airlines, in Washington, DC, September 17, 2020. Saul Loeb | AFP | Getty Images Southwest Airlines and American Airlines CEOs …

Intel shares fall after company blames shrinking PC chip business on component shortages

Pat Gelsinger Horacio Villalobos | Corbis News | Getty Images Intel shares fell more than 6% on Thursday on a weaker-than-expected sales report and after the company blamed an industry-wide component shortage for its PC chip business shrinking 2% during the quarter. Intel CFO George Davis announced plans to retire in May 2022. Here’s how …

Snap plummets 25% after missing on revenue expectations

In this screengrab, CEO of Snap Inc. Evan Spiegel takes the stage at the virtual Snap Partner Summit 2021 on May 20, 2021 in Los Angeles. Snap Partner Summit 2021 – Snap Inc | Getty Images Snap stock fell 25% after reporting its third-quarter earnings on Thursday. The company’s revenue missed Wall Street expectations after …

Bumble, Duolingo lead rally in shares of app developers after Google slashes subscription fees

In this photo illustration the Duolingo logo seen displayed on a smartphone. Rafael Henrique | LightRocket | Getty Images Shares of app developers like Bumble, Duolingo and Roblox rose on Thursday after Google said it would reduce the company’s cut from subscriptions on its Android app store. The change by Google would cut the commission …

Here’s what to expect from Chipotle Mexican Grill earnings

A customer carries a Chipotle Mexican Grill Inc. bag outside a restaurant in San Francisco, California, U.S., on Monday, July 20, 2020. David Paul Morris | Bloomberg | Getty Images Chipotle Mexican Grill is expected to report its third-quarter earnings after the bell Thursday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings …