Walmart returns guns and ammo to store floors, saying civil unrest was "isolated"

Retailer had yanked firearms off the sales floor as a "precaution" after incidents left several stores damaged.
Read more: https://www.cbsnews.com/news/walmart-returning-firearm-guns-ammo-store-displays/?source=Snapzu

PSA: Apple One Premier Bundle Only Available in US, UK, Canada, and Australia

Apple's new Apple One series of services bundles launches on Friday in over 100 countries and regions, but the top Premier tier will be limited to the United States, the United Kingdom, Australia, and Canada. The limited rollout of the $29.95 Premier tier is down to the fact that Apple News+ is currently only available in the above countries. Apple News+ is exclusive to the Premier tier, along with Apple Fitness+, which isn't expected to arrive until later in the year.
Read more: https://www.macrumors.com/2020/10/30/psa-apple-one-premier-us-uk-canada-australia/?source=Snapzu

Uber and Lyft lose appeal, ordered again to classify drivers as employees

Uber and Lyft were ordered by California’s court of appeals late Thursday to classify their drivers as employees. In a 74-page opinion, the court affirmed the injunction that was issued on August 10th requiring Uber and Lyft to classify their drivers as employees within 30 days.
Read more: https://www.theverge.com/2020/10/22/21529644/uber-lyft-lose-appeals-court-driver-employees?source=Snapzu

Apple Slips to Fourth Place for Smartphone Market Share, Overtaken by Xiaomi

Apple has shipped 10.6 percent fewer iPhones year-on-year in the third quarter of 2020, meaning that it has been overtaken by Xiaomi for the first time, according to new data shared by IDC. The report details how Apple is now ranked as the fourth-largest smartphone manufacturer by market share. This is the first time that Apple has ranked fourth, with Xiaomi, Huawei, and Samsung exceeding Apple's 11.8 percent share.
Read more: https://www.macrumors.com/2020/10/30/apple-slips-to-fourth-place-for-market-share/?source=Snapzu

Report: Apple enlisted lobbyist for Uyghur Forced Labor Prevention Act

This past spring, Apple was implicated along with other US brands like Nike, Dell, and more for having its supply chain allegedly involved with forced labor of the Muslim Uyghurs in Chinese factories. Now a new report from The Information says that Apple has paid to lobby Congress around legislation having to do US companies that could have connections with slave labor in China.
Read more: https://9to5mac.com/2020/10/23/apple-lobbies-uyghur-forced-labor-act/?source=Snapzu

Samsung posts highest revenue ever after boost in flagship phone sales

Samsung Electronics has announced quarterly earnings for the July-September 2020 period, making 66.96 trillion won (~$59 billion) in revenue and 12.35 trillion (~$11 billion) in operating profit. That’s the highest quarterly revenue figure ever for the Korean electronics giant, which says that it was able to meet a boost in customer demand following COVID-19 disruption.
Read more: https://www.theverge.com/2020/10/29/21539702/samsung-q3-earnings-record-revenue-phone-sales?source=Snapzu

Struggling Rental Market Could Usher in Next American Housing Crisis

Fallout from missed rent payments is threatening a swath of the U.S. population, as the expiration of eviction bans draws near. A large number of renters have been unable to pay some or even all of their rent since March, when the pandemic temporarily shut down most businesses. Many businesses remain closed or only partially open, pushing renters into unemployment and draining their savings.
Read more: https://www.wsj.com/articles/struggling-rental-market-could-usher-in-next-american-housing-crisis-11603791000?source=Snapzu

China experiencing a drone ‘revolution’ in agriculture

While China is leading the way in military uses for drones, it is facing a revolution of sorts in another sector. The use of unmanned aerial vehicles or drones in agriculture is expanding in China at a speed unmatched in other countries thanks to advances in autonomous navigation technology and the presence of competent operators, Nikkei Asia reported this week.
Read more: https://asiatimes.com/2020/10/china-experiencing-a-drone-revolution-in-agriculture/?source=Snapzu

Layoffs thought to be temporary are now permanent for nearly 4 million Americans

When the initial wave of layoffs due to the coronavirus hit the U.S. economy in April and subsequent lockdowns, many people thought these losses would be temporary phenomenon that would quickly rebound as businesses reopened.However, the new employment data seems to suggest that these “temporary” job losses have turned permanent for millions of Americans.
Read more: https://mazech.com/2020/10/many-job-losses-thought-to-be-temporary-are-now-permanent-for-nearly-4-million-americans/?source=Snapzu

SpaceX's Starlink satellite internet service is priced at $99 per month, according to e-mail

SpaceX is expanding the beta test of its Starlink satellite internet service according to emails seen by CNBC, with service priced at $99 a month.
Read more: https://www.cnbc.com/2020/10/27/spacex-starlink-service-priced-at-99-a-month-public-beta-test-begins.html?source=Snapzu

Uber's 'racially biased' ratings system hurts nonwhite drivers, lawsuit says

"Throughout its history, Uber has made firing decisions based on a system that it knows is poisoned with racial discrimination," says attorney Shannon Liss-Riordan.
Read more: https://www.cnet.com/news/ubers-racially-biased-ratings-system-hurts-non-white-drivers-lawsuit-says/?source=Snapzu

North American Oil And Gas Bankruptcy Debt Has Hit An All-Time High

The associated debt from North American oil and gas bankruptcies in 2020 has already reached an all-time high and is set to grow even further this year as the wave of Chapter 11 filings continues, a Rystad Energy report projects, analyzing industry data from law firm Haynes and Boone.
Read more: https://oilprice.com/Energy/Energy-General/North-American-Oil-And-Gas-Bankruptcy-Debt-Has-Hit-An-All-Time-High.html?source=Snapzu

Linux and open-source jobs are hotter than ever

So, you want a great job in technology? The Linux Foundation and Edx HR survey shows your best move will be to polish up your Linux and open-source skills.
Read more: https://www.zdnet.com/article/linux-and-open-source-jobs-are-hotter-than-ever/?source=Snapzu

Angst and Denial in India as It’s Now Officially Poorer Than Bangladesh

Mirror, mirror on the wall, who’s the poorest of them all? When Bangladesh emerged as an independent country in 1971, it was arguably the poorest country in the world—or close to it. Today, the country is still poor but growing rapidly. Real economic growth exceeded 8 percent in 2019, and although the coronavirus crisis has slowed the pace, growth is expected to continue at a more modest pace of around 4 percent in both 2020 and 2021.
Read more: https://foreignpolicy.com/2020/10/20/india-falls-behind-bangladesh-gdp/?source=Snapzu

Inside Foxconn’s empty buildings, empty factories, and empty promises in Wisconsin

Two years of a charade that upended people’s lives.
Read more: https://www.theverge.com/21509874/behind-foxconn?source=Snapzu

Bitcoin price hits new record high in these 7 countries

Compiled by entrepreneur and market commentator Alistair Milne, exchange rate figures show that at this week’s highs, Bitcoin was worth more in seven currencies than ever before.
Read more: https://cointelegraph.com/news/bitcoin-price-hits-new-record-high-in-these-7-countries?source=Snapzu

How Satya Nadella turned Microsoft around

Now for the hard part
Read more: https://www.economist.com/briefing/2020/10/22/how-satya-nadella-turned-microsoft-around?source=Snapzu

Maybe Apple isn’t as green as it claims

Upgrading to an iPhone 12? Apple Inc. is happy to take your old phone off your hands. For years, Apple has used such rhetoric to convince consumers that it’s a greener and more sustainable company than its competitors. Increasingly, it’s fair to ask how sincere it is.
Read more: https://www.deccanherald.com/opinion/maybe-apple-isn-t-as-green-as-it-claims-903413.html?source=Snapzu

Billionaire hedge fund manager tips Bitcoin as best inflation hedge

Billionaire hedge fund manager Paul Tudor Jones believes that investing in Bitcoin draws strong parallels to early investors in tech firms like Google and Apple. In an interview on CNBC’s Squawkbox on October 22, the American hedge fund manager and philanthropist said that Bitcoin could well be at the start of a very fortuitous period and might be an excellent hedge against rising inflation.
Read more: https://thedailychain.com/billionaire-hedge-fund-manager-tips-bitcoin-as-best-inflation-hedge/?source=Snapzu

Quibi officially announces it's shutting down

Quibi struggled to meet its subscriber goals, and only had about 500,000 as of a few weeks ago.
Read more: https://www.cnbc.com/2020/10/21/quibi-to-shut-down-after-just-6-months.html?source=Snapzu

Machines to 'do half of all work tasks by 2025'

Half of all work tasks will be handled by machines by 2025 in a shift likely to worsen inequality, a World Economic Forum report has forecast. The think tank said a "robot revolution" would create 97 million jobs worldwide but destroy almost as many, leaving some communities at risk.
Read more: https://www.bbc.com/news/business-54622189?source=Snapzu

Tesla scales back its warranty on used cars

Tesla has quietly made it less appealing to buy one of its cars used. As Electrek points out, just days ago, Tesla offered a two- to four-year warranty on used Model S and Model X vehicles. However, visit the company’s website today and you’ll see that it instead offers one-year or 10,000 miles of coverage. The updated policy is in addition to the company’s new-car warranty, which covers a vehicle for 4 years or 50,000 miles.
Read more: https://finance.yahoo.com/news/tesla-warranty-214230140.html?source=Snapzu

Google Abuses Its Monopoly Power Over Search, Justice Department Says In Lawsuit

The antitrust lawsuit against Google is the most significant action the federal government has taken against a technology company in two decades. Google calls the lawsuit "deeply flawed."
Read more: https://www.npr.org/2020/10/20/925736276/google-abuses-its-monopoly-power-over-search-justice-department-says-in-lawsuit?source=Snapzu

Disney should worry about this new report on streaming TV viewership trends

The Walt Disney Company has made no secret of the fact that it’s betting its future on streaming TV. Hell, it just doubled down on it with a major reorganization of its business. But after a pandemic-induced bump in streaming-TV viewing peaked earlier this year, some of the arrows for Disney’s flagship streaming service are now pointing in the wrong direction, according to a new report from analyst firm MoffettNathanson.
Read more: https://www.fastcompany.com/90564310/disney-should-worry-about-this-new-report-on-streaming-tv-viewership-trends?source=Snapzu

Dow futures rise more than 200 points as traders weigh rising coronavirus cases, U.S. stimulus talks

U.S. stocks slipped on Monday as investors hoped for a stimulus deal from Washington, although a rising number of Covid-19 cases dampened sentiment. The Dow Jones Industrial Average traded 41 points lower, or 0.1%. Earlier in the day, the 30-stock average was up more than 100 points. The S&P 500 dipped 0.2% and the Nasdaq Composite pulled back 0.1%.
Read more: https://www.cnbc.com/2020/10/18/stock-market-futures-open-to-close-news.html?source=Snapzu

Biden's tax plan could create a tax rate of as much 62% for New Yorkers and Californians, studies show

High earners in New York and California could face combined federal and state tax rates of 62% under Democratic presidential nominee Joe Biden’s tax plan, according to experts. While Americans earning less than $400,000 would, on average, receive tax cuts under Biden’s plan, the highest earners would face double-digit increases in their official tax rates, according to nonpartisan analyses.
Read more: https://www.cnbc.com/2020/10/19/tax-rates-could-top-60percent-und.html?source=Snapzu

DOJ's antitrust fight with Google: how we got here

Piling on big tech companies is the fashion of the day, but don't expect the US government to break up Google.
Read more: https://www.computerworld.com/article/3586828/dojs-antitrust-fight-with-google-how-we-got-here.html?source=Snapzu

Low interest rates leave savers with few good options

In the 1980s comedy, “Trading Places”, Jamie Lee Curtis plays a prostitute who has been saving for her future; she has $42,000 “in t-bills, earning interest”. If she followed the same strategy today, she would be disappointed with the return. The one-year Treasury bill yields 0.13%, so her annual interest income would be just $55. If she reinvested the income, it would take more than 530 years for her money to double.
Read more: https://www.economist.com/finance-and-economics/2020/10/17/low-interest-rates-leave-savers-with-few-good-options?source=Snapzu

Bitcoin Is Braced For A Bombshell From Fed Chairman Jerome Powell

Bitcoin and cryptocurrency traders are searching for direction, with the market more-or-less treading water since the summer. The bitcoin price, hovering around $11,400 per bitcoin, has been trading broadly in line with equity markets in recent months—with groundbreaking announcements, including payments company Square SQ +0.7% buying bitcoin, failing to much move the market.
Read more: https://www.forbes.com/sites/billybambrough/2020/10/19/bitcoin-is-braced-for-a-bombshell-from-fed-chairman-jerome-powell/#471c7e57660f?source=Snapzu

Millennials have 4 times less wealth than Baby Boomers did by age 34, control just 4.2% of all U.S. wealth

Millennials are the largest group in the U.S. workforce but have 10 times less money than Baby Boomers control today.
Read more: https://www.newsweek.com/millennials-control-just-42-percent-us-wealth-4-times-poorer-baby-boomers-were-age-34-1537638?source=Snapzu

Top World Bank economist says coronavirus pandemic morphing into 'major economic crisis'

The top economist at the World Bank said in an interview on Thursday that the coronavirus pandemic is “morphing into a major economic crisis” and questioned the wisdom of central banks increasing their sway over the bond market.
Read more: https://www.foxbusiness.com/economy/top-world-bank-economist-says-pandemic-morphing-into-major-economic-crisis?source=Snapzu

Jobless claims increase to 898,000, a sign the recovery could be stalling

Jobless claims rose for the first time in weeks, as the coronavirus pandemic continues to weigh on the labor market with tens of millions of workers out of work. Extra federal unemployment benefits expired for many in July, and it’s increasingly unlikely Congress will reach a deal before the presidential election.
Read more: https://www.washingtonpost.com/business/2020/10/15/jobless-claims-increased-898000-sign-recovery-could-be-stalling/?source=Snapzu

Only one fourth of oil major BP's 10,000 job cuts to be voluntary as company reinvents itself

The oil major announced plans in June to lay off almost 15% its 70,000-strong workforce as part of Chief Executive Bernard Looney's plan to cut costs and "reinvent" the business for a low carbon future.
Read more: https://economictimes.indiatimes.com/news/international/business/only-one-fourth-of-oil-major-bps-10000-job-cuts-to-be-voluntary-as-company-reinvents-itself/articleshow/78701244.cms?source=Snapzu

Jobless claims jump, hitting highest level since mid-August

American workers continued to hit the unemployment line in large numbers last week, with 898,000 new claims filed for jobless benefits. Economists surveyed by Dow Jones had been looking for 830,000. The total for the week ended Oct. 10 was the highest number since Aug. 22 and another sign that the labor market continues to struggle to get back to its pre-coronavirus pandemic mark as cases rise and worries increase over a renewed wave in the fall and winter. The number represented a gain of 53,000 from the previous week’s upwardly revised total of 845,000.
Read more: https://www.cnbc.com/2020/10/15/weekly-jobless-claims.html?source=Snapzu

Dissecting the Nobel: how Milgrom and Wilson changed the face of auctions

Their big contribution was that auctions aren't just auctions. How an auction is designed matters enormously for what it does.
Read more: https://theconversation.com/dissecting-the-nobel-how-milgrom-and-wilson-changed-the-face-of-auctions-147988?source=Snapzu

Alphabet Mineral reveals crop-inspecting robots

Google's parent company, Alphabet, has unveiled prototype robots that can inspect individual plants in a field, to help farmers improve crop yields. The robot buggies roll through fields on upright pillars, so they can coast over plants without disturbing them. The goal is to collect huge amounts of data about how crops grow.
Read more: https://www.bbc.com/news/technology-54538849?source=Snapzu

Fed Vice Chair Makes "Shocking" Admission: Fed May Never Be Able To Stop Manipulating The Market

The Fed is now an irreplaceable anchor of what was once known as the market, in perpetuity.
Read more: https://www.zerohedge.com/markets/fed-vice-chair-makes-shocking-admission-fed-may-never-be-able-stop-manipulating-market?source=Snapzu

Yesterday’s corporate network design isn’t working for working from home

Almost a year into the grand work-from-home experiment, businesses are still adjusting.
Read more: https://arstechnica.com/gadgets/2020/10/future-of-collaboration-01/?source=Snapzu

Facebook says it will finally ban anti-vaccination ads

Facebook said Tuesday it is launching a new global policy that bans ads that discourage people from getting vaccines. The company previously had a policy against vaccine hoaxes that were publicly identified by global health organizations. 
Read more: https://www.cnbc.com/2020/10/13/facebook-bans-anti-vax-ads.html?source=Snapzu

Analysis: New Apple 'iPhone 12' to offer 5G speeds U.S. networks can't deliver

5G will finally get its U.S. closeup with the expected debut of Apple Inc’s next iPhone on Tuesday. But the blazing speeds promised will not materialize for most people.
Read more: https://www.reuters.com/article/us-apple-iphone-5g-analysis-idUSKBN26X18E?source=Snapzu

Google Employees Are Free to Speak Up. Except on Antitrust.

Google employees are not shy about speaking up. In the last few years, they have openly confronted the company about building a censored search engine in China, the handling of sexual harassment claims and its work with the Pentagon on artificial intelligence technology for weapons.
Read more: https://www.nytimes.com/2020/10/13/technology/google-employees-antitrust.html?source=Snapzu

Microsoft to reportedly allow its 150,000 employees to work from home permanently, the latest tech giant to do so

Even when stay-at-home measures for the coronavirus pandemic are lifted, Microsoft employees won't be required to come back to the office. According to an internal Microsoft memo obtained by The Verge, Microsoft employees will be allowed to work from home for less than half of their work week. Pending manager approval, some employees will be allowed to work from home full time.
Read more: https://www.businessinsider.com/microsoft-employess-to-work-from-home-permanently-2020-10?source=Snapzu

Disney says its 'primary focus' for entertainment is streaming — announces a major reorg

Disney is restructuring its media and entertainment divisions, as streaming becomes the most important facet of the company's business.
Read more: https://www.cnbc.com/amp/2020/10/12/disney-reorganizes-to-focus-on-streaming-direct-to-consumer.html?source=Snapzu

Billionaire fortunes reached an all-time combined high of $10.2 trillion during the pandemic, and grew a staggering 27% between April and July

Billionaires have had a good pandemic: Their collective fortunes hit $10 trillion in July, a record high, a new report has found. A report by UBS and PwC found that the collective wealth of the world's billionaires grew by more than 25% between April and July. Their collective $10.2 trillion fortunes broke the previous record of $8.9 trillion, set in 2017.
Read more: https://www.businessinsider.com/billionaire-fortunes-rise-to-102-trillion-amid-covid-19-pandemic-2020-10?source=Snapzu

Banks make billions on overdraft fees. Biden could end that

The banking industry's $11 billion overdraft-fee gravy train could get derailed if Joe Biden wins the White House. Wall Street analysts are warning that Biden-appointed regulators could crack down on overdraft fees, which critics say unfairly punish society's most vulnerable.
Read more: https://www.cnn.com/2020/10/12/business/bank-overdraft-fees-biden/index.html?source=Snapzu

China to Phase Out Farming of 45 Wild Animal Species by 2020

China is set to prohibit the artificial breeding of nearly four dozen animal species, months after it banned the consumption of wild animals in a bid to reduce the risk of zoonotic diseases after the COVID-19 outbreak.
Read more: http://www.sixthtone.com/news/1006274/china-to-phase-out-farming-of-45-wild-animal-species-by-2020?source=Snapzu

How do you switch to a four-day week?

The idea of the four-day work week has gained new currency as the pandemic has transformed the way people work. What are the pros and cons, and practicalities, of switching to it?
Read more: https://applied.economist.com/articles/four-day-week?source=Snapzu

5 Tips for Building Your Entrepreneur Power Circle

By connecting in meaningful and pragmatic ways, you can create a power circle of fellow entrepreneurs, and increase your chances of success.
Read more: https://women2.com/2020/10/08/building-your-entrepreneur-power-circle/?source=Snapzu

Why some onions were too sexy for Facebook

A Canadian seed store inadvertently crossed the line with a seemingly innocent advert for onions.
Read more: https://www.bbc.com/news/54467384?source=Snapzu

Google’s Supreme Court faceoff with Oracle was a disaster for Google

Supreme Court justices seem poised to allow copyrights on APIs.
Read more: https://arstechnica.com/tech-policy/2020/10/googles-supreme-court-faceoff-with-oracle-was-a-disaster-for-google/?source=Snapzu