FIRMA - Industry News

The executive order serves as a warning shot to social media platforms that Trump is willing to put them through costly litigation if he is unhappy with the content on their sites, just six months ahead of the 2020 election.

Source: Top News and Analysis (pro) | 28 May 2020 | 5:55 pm

JPMorgan's market guru says he's growing more cautious about stocks because of political risks

Marko Kolanovic, who turned bullish on the market before its rally from the March lows, said he is "dialing down" his optimism about the markets even as he remains confident that the health situation is improving.

Source: Top News and Analysis (pro) | 28 May 2020 | 5:40 pm

Feds bust scheme to sell millions of imaginary masks to foreign government

Federal authorities unmasked a massive coronavirus scheme to sell a foreign government 50 million N95 face masks that didn't actually exist.

Source: Top News and Analysis (pro) | 28 May 2020 | 5:02 pm

Experts say Trump’s threats to Twitter have little legal standing—but they detract from COVID-19 efforts

Experts say the President is overstepping his boundaries: "He also can’t rewrite the law."

Source: Fortune | 28 May 2020 | 4:59 pm

Elon Musk earns first performance-based payout from Tesla, worth more than $700 million

Musk earned the first portion of the stock options for keeping the company's market capitalization at $100 billion.

Source: Top News and Analysis (pro) | 28 May 2020 | 4:47 pm

Dollar Tree CEO wonders how long a sales surge from customers spending coronavirus checks can last

"Without a doubt we see it. The further we get away from that, it will be interesting to see how customers respond," Dollar Tree CEO Gary Philbin told CNBC.

Source: Top News and Analysis (pro) | 28 May 2020 | 4:47 pm

Costco saw sales bounce from pandemic, but stay-at-home orders limited bigger gains

Shoppers flocked to the retailer's stores to buy bulk packs of toilet paper and groceries in the early weeks of the pandemic, but traffic dropped off with stay-at-home orders.

Source: Top News and Analysis (pro) | 28 May 2020 | 4:41 pm

Industry News

Jim Cramer says market still in for a 'rough ride,' suggests sticking with remote tech stocks

Silicon Valley is divided over Trump’s executive order to rein in social media

COVID-19 can’t be used as an excuse to limit skilled immigration

The week that reduced Hong Kong to a superpower plaything

Stocks making the biggest moves after hours: Williams-Sonoma, Dell, VMware and more

Dow futures fall 100 points ahead of Trump's U.S.-China news conference on Friday

Americans are doing something surprising with their money right now

The real risk isn’t the federal government’s exploding debt. It’s how it is structured that’s so dangerous

Trump's social media order could affect the campaign, even if it doesn't change the law