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Google throws lifeline to desperate retail industry besieged by Amazon – CNBC

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Fitch: US ‘AAA’ Rating at Risk If Debt Ceiling Isn’t Raised – Newsmax

Credit ratings agency Fitch Ratings on Wednesday said a failure by U.S. officials to raise the federal debt ceiling in a timely manner would prompt it to review the U.S. sovereign rating, “with potentially negative implications.” Fitch, which currently assigns the United States its highest rating — “AAA” — said in a statement that […]

Chevron CEO Watson Plans to Step Down, WSJ Reports – Bloomberg

John Watson, who has led Chevron Corp. since 2010, is planning to step down as the oil major seeks a new chief executive officer, the Wall Street Journal said, citing people familiar with the matter. While the San Ramon, California-based producer has not made a final decision on a successor, Michael Wirth, a 56-year-old Chevron […]

Uber drivers hit $50M in tips, new driver app features announced – Seeking Alpha

Uber (Private:UBER) says drivers have earned $50M in tips since the company rolled out the feature in June. Lyft, which has offered tipping since the early days, announced that same month that Lyft drivers have earned $250M tips in around 5 years. The number more than doubled just in the past year. Uber has also […]

Warren Buffett’s $100 Billion Problem Just Got Bigger – Motley Fool

Berkshire Hathaway (NYSE:BRK-A) (NYSE:BRK-B), the conglomerate led by billionaire investor Warren Buffett, has nearly $100 billion of cash on its balance sheet, and investors have been patiently waiting for the company to put some of this cash to work. Unfortunately, Berkshire’s most recent plan to put a dent in its cash stockpile just came to […]

JPMorgan pledges up to $2 million to fight racism, support human rights – Reuters

NEW YORK (Reuters) – JPMorgan Chase & Co (JPM.N) said on Monday it will contribute up to $2 million to fight racism and support human rights in light of a white nationalist rally in Charlottesville, Virginia, that led to violence and the death of a protester. The sum includes $500,000 each to the Southern Poverty […]

VW’s adorable ID Buzz hits dealerships in 2022, but we drove it today – CNET

At this year’s North American International Auto Show, we saw gorgeous concept and production cars from companies around the world, but there was only one concept that was an almost-universal hit. Damn-near everyone who saw it said that they wanted to take it home. That car was Volkswagen’s nostalgia-infused I.D. Buzz electric van. With its […]

The Tesla Model 3 reminds me of all the times the electronics failed in my first car – The Verge

Tesla recently unveiled its car for the masses, the Model 3. Priced at $35,000, it’s an impressive vehicle that looks to update the automotive experience by turning the car into a gadget. But there was something in there that makes me pause. My colleague Lauren Goode noted that Elon Musk took minimalism seriously and in […]

Nestle’s Poland Spring Is Common Groundwater, New Suit Alleges – Bloomberg

Nestle SA’s Poland Spring Water unit has duped American consumers into paying premium prices for ordinary ground water that’s pumped from some of Maine’s most populated areas, rather than from natural springs as the company advertises, according to a lawsuit. While Poland Springs says its water bottles contain “100 percent natural spring water” from a source […]

It’s become almost impossible to figure out what Tesla is actually worth – Business Insider

I have no idea, either.Reuters/Mike Blake • Valuations of Tesla vary wildly. • The company is fueled financially by a “story” about the future. • It could be a decade before it’s possible to properly value the company. Generally speaking, investors want a precise assessment of what the companies they invest in are worth. Valuation […]

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