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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Sun Journal
Location
New Bern, North Carolina, United States of America
Date
Dec 09, 2020
Page
5
Tesla Inc seeks to raise up to five billion dollars through a secondary offering as demand for its electric vehicles remains strong. The company previously floated up to five billion in September after a 5-for-1 stock split. The shares rose sharply this year though traded mixed on Tuesday.
A Brookings Institution report shows profits across 13 major retailers surged in early 2020 while frontline workers saw little or no wage gains. Kroger profits for the first two quarters climbed to 2.031 billion, with annualized three-quarter figures near double 2019, and hazard pay for workers largely eliminated. Amazon and Walmart also posted substantial gains, sparking criticism of pay and benefits disparities during the pandemic.
Researchers at Forescout say flaws in widely used data communications software could let hackers disrupt business and home networks. CISA warns defensive steps, including isolating industrial control systems from the internet. The issue, tied to open source code, affects about 150 manufacturers and millions of devices from thermometers to printers and building systems.
China, the world’s top importer, has begun buying U.S. soybeans ahead of the usual schedule, loading cargoes from the 2021-22 season as a hog recovery and post pandemic demand boost appetite. Traders cite a large future buying program and tighter Brazil supply as reasons for shifting demand to U.S. soy.
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