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Business & Lifestyle

Kraken announces leadership succession plan

CHEYENNE, Wyo. (Business Wire) -- Kraken, one of the world’s leading crypto platforms, today announced that COO Dave Ripley will succeed co-founder and CEO Jesse Powell. Powell will become chairman of the board of directors. Ripley will assume the role of CEO after Kraken completes a COO search. “Dave’s proven leadership and experience give me great confidence that he’s the ideal successor. [He is] the best person to lead Kraken through its next era of growth,” said Powell. “I look […]

todaySeptember 21, 2022 63

Dow Jones U.S. markets

Business & Lifestyle

Dow stabilizes after worst sell-off since 2020

The Dow Jones Industrial Average closed up 30.12 Wednesday following the worst sell-off in two years. NEW YORK (UPI) -- U.S. stocks stabilized Wednesday right before the close in an up-and-down trading session following the biggest single-day sell-off in more than two years. After dropping more than 200 points during the final hour of trading, the Dow Jones Industrial Average finished the day up 30.12 to close at 31,135.09. The NASDAQ rose 0.7%, while the S&P 500 added 0.3%. Energy […]

todaySeptember 14, 2022 65

Google

Business & Lifestyle

Google spins off Aalyria telecom project

The Google logo is seen on a ceremonial shovel at the Stonewall National Monument Visitor Center groundbreaking in New York City on June 24. Google announced a new telecom spinoff on Monday. MOUNTAIN VIEW, Calif. (UPI) -- A Google spinoff is reimagining an idea formed during its earliest history to provide high-speed Internet to remote areas. The spinoff company, Aalyria, was unveiled Monday. It comprises of some Google employees who were on the original project, named "Loon." The project was […]

todaySeptember 13, 2022 167

stocks business financial

Business News

Stocks slide for third straight week

Traders work on the floor of the NYSE before the opening bell at the New York Stock Exchange on Wall Street in New York City on August 19. Stocks fell for a third straight week Friday. NEW YORK (UPI) -- U.S. markets posted their third straight weekly loss, falling Friday despite a solid August jobs report. The Dow Jones Industrial Average finished 337.98 points or 1.1% lower at 31,318.44. The S&P 500 also fell 1.1%, and the NASDAQ Composite declined […]

todaySeptember 2, 2022 40

Elon Musk SpaceX T-Mobile

Business News

SpaceX, T-Mobile set to announce plans to ‘increase connectivity’

Elon Musk and SpaceX are set to make a joint announcement with T-Mobile Thursday night teased as "plans to increase connectivity." HAWTHORNE, Calif./BELLEVUE, Wash. (UPI) -- SpaceX and T-Mobile made an announcement Thursday evening that they claim will increase connectivity across the United States. Both companies, along with SpaceX CEO Elon Musk, announced the event on their Twitter accounts. The event began at 8:00 p.m. ET via SpaceX's website. "Elon and T-Mobile's Mike Sievert will announce plans to increase connectivity," […]

todayAugust 28, 2022 60

Snapchat Biometric Information Privacy Act Illinois

Business News

Snapchat to pay millions after settlement

WHEATON, Ill. (The Center Square) – Another social media company has settled out of court after allegations it violated Illinois’ strict biometric laws. The parent company that owns Snapchat agreed to pay $35 million but denied any wrongdoing.  At the heart of the issue is Snapchat’s photo filter feature. Each time a user takes a selfie or uses a filter, that person’s facial features are scanned.  Ed Yohnka, director of communications with the ACLU of Illinois, has previously said the state’s […]

todayAugust 23, 2022 94

Rivian Illinois

Automotive News

Rivian subcontractors to pay overtime wages

SPRINGFIELD (The Center Square) – Subcontractors for an Illinois-based electric vehicle maker have settled with the state over back overtime wages.  Illinois Attorney General Kwame Raoul announced a consent decree with construction subcontractors building a new production line for Rivian Automotive Inc. in Normal. The settlement requires two subcontractors to pay over $300,000 in back wages and penalties to resolve allegations that they failed to pay Mexican laborers overtime wages.  The consent decree Raoul filed requires China-based Guangzhou MINO Equipment Co. […]

todayAugust 23, 2022 138

Dow business financial

Business & Lifestyle

Dow drops 154 points to notch three-day losing streak

Traders work on the floor of the NYSE before the opening bell at the New York Stock Exchange on Wall Street in New York City on Friday. The Dow Jones Industrial Average began the day down over 200 points. NEW YORK (UPI) -- U.S. markets fell on Tuesday as the Dow Jones Industrial Average and S&P 500 dropped for the third consecutive day. The blue-chip Dow fell 154.02 points, or 0.47%, while the broad S&P declined 0.22% and the NASDAQ […]

todayAugust 23, 2022 98

Scooter's Coffee

Business News

Scooter’s Coffee to open six new locations

Scooter's Coffee (also known as Scooter's Coffee Drive-Thru) is opening six new locations, thanks to a Centralia-area franchisee. Those locations are coming to Salem, Centralia, Mt. Vernon, Vandalia, Harrisburg, and Olney. Rachel Wallace, a current Subway franchisee that owns many store locations and owner of the Rosati's franchise and the Best Western in Centralia, is opening these new locations. They are in a partnership with long-time employee Marcie Wallace (no relation). Wallace says Scooter's has a great culture that has […]

todayAugust 22, 2022 328

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