Berkshire buys Bank of America stake boosts to over 1 billion shares
Berkshire Hathaway reports 13.6 million Bank of America shares bought between Friday and Tuesday, pushing its stake past 1 billion shares or 11.9 percent. The move follows earlier buys totaling around 2.1 billion dollars over three weeks, with Berkshire’s actions closely watched by investors. The broader economy shows June exports rose 9.4 percent and imports 4.7 percent, helping the trade deficit narrow to 50.7 billion dollars.
MENTIONED IN THIS ARTICLE
Warren Buffett
Bank of America
Berkshire Hathaway Inc
Berkshire
Buffett
U.S
Commerce Department
United States
Google
Uber
William Alsup
Anthony Lewandowski
Lewandowski
Alsup
Justice Department
Levandowski
Waymo
Otto
Trader Joe's faces branding backlash over race tied labels
Samantha Masunaga of the Los Angeles Times reports that Trader Joe's faces criticism for product line names such as Trader José's and Trader Ming's amid a broader social backlash to racial stereotypes. The chain paused these labels, faced petitions with thousands of signatures, and says it began phasing them out years ago. customers rethink shopping choices amid calls for brands to align with social values.
MENTIONED IN THIS ARTICLE
Trader Joe’s
Fearless
Trader Ming’s
Trader José’s
Courtney Newell
Crowned Marketing and Communications
Lupita Huerta
Huerta
el Monte
Calif
Change.org
Giotto
Uncle Ben
Instagram Reels aims at TikTok with 15 second edits
New York report states Instagram launches Reels to rival TikTok enabling 15 second recordings with audio and effects. Reels appears in Explore and Story sections, rolling out in over 50 countries including the United States India Brazil France Germany United Kingdom Japan Australia and more.
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New York
Facebook
Instagram
TikTok
Microsoft
Donald Trump
U.S
Reels
India
Brazil
France
Germany
U.K
Japan
Australia
Virginia rolls out Covidwise contact tracing app
Virginia becomes the first U.S. state to deploy a Bluetooth based exposure notification app, Covidwise, built with Apple and Google technology. The 100 percent voluntary tool uses anonymous tokens, no GPS, and notifies users if they were near someone who tests positive within 14 days. Virginia officials urge download to protect community health.
MENTIONED IN THIS ARTICLE
Virginia
U.S
Apple
Google
Ralph Northam
Canada
Covidwise
Public Health Department
U.S. Centers For Disease Control and Prevention
Health Department
Alabama
South Carolina
North Dakota
Pennsylvania
Sameer Halia
Arizona
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Omaha
Washington
San Ramon
The
Associated Press
By Samantha Masunaga
Los Angeles Times
Mark Zuckerberg
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