PayPal said it will offer $25 million in interest-free credit to its users who work with the U.S. federal government and are impacted by the shutdown. Read More at PayPal offers up to 0 credit for federal employees affected by shutdown Source: CNBC Follow
R. Kelly has been dropped by Sony Music, according to Variety and Billboard. The news comes after Lifetime’s documentary series “Surviving R. Kelly” premiered last week, in which several women accuse the singer of sexual misconduct. Read More at R. Kelly, Sony reported to
Kellogg’s Keebler, Famous Amos and fruit snacks businesses are attracting attention from Hostess Brands and Nutella-owner Ferrero, people familiar with the situation tell CNBC. A deal could value the brands at about $1.5 billion. Read More at Ferrero, Hostess, B&G Foods bid on Kellogg’s
The company continues to reveal pressure to maintain profitability. Read More at Tesla has 0 million in debt that’s coming due — and it could wipe out a large chunk of its cash Source: CNBC Follow @marketcheetah
Tesla’s newest round of layoffs is simply Elon Musk trying to “right-size” the company, said Steve Westly. But Needham analyst Rajvindra Gill said there are risks on the horizon. Read More at Early investor defends Tesla as shares tank: Musk created ‘the iPhone of
The Vanguard Group founder, who was worth $80 million, regularly donated half his salary, according to The New York Times, but he still wasn’t fully satisfied. Read More at This was Jack Bogle’s ‘only regret about money’ Source: CNBC Follow @marketcheetah
Earnings have reset lower but are still seen growing in the mid-single digits for 2019, and recession fears have eased. Read More at The market is recovering because earnings are turning out to be not so bad Source: CNBC Follow @marketcheetah
Names on the move ahead of the open. Read More at Stocks making the biggest moves midday: Netflix, Boeing, Tesla, Eli Lilly & more Source: CNBC Follow @marketcheetah
Microsoft says anyone using its smartphone platform, Windows 10 Mobile, should switch to Android or iPhone. Read More at Microsoft recommends switching to iPhone or Android as it prepares to kill off Windows phones Source: CNBC Follow @marketcheetah
Immigration attorneys say the pricey commissary goods are part of a broader strategy by private prisons to harness cheap inmate labor to lower operating costs and boost profits. Read More at toothpaste: Immigrants pay big for basics at private ICE lock-ups Source: CNBC Follow