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Business News

Thursday, May 2, 2019 at 10:24 PM EDT

Facebook Bans 'Dangerous Individuals' for Hate Speech

Facebook Bans 'Dangerous Individuals' for Hate Speech

After years of pressure to crack down on hate and bigotry, Facebook has banned Louis Farrakhan, Alex Jones and other extremists, saying they violated its ban on "dangerous individuals." The company also removed...

Thursday, May 2, 2019 at 05:26 PM EDT

GOP Activist Sues Rhode Island Over Launch of Sports Betting

GOP Activist Sues Rhode Island Over Launch of Sports Betting

A Republican activist is suing over sports betting in Rhode Island, saying the state should have sought voter approval before legalizing and launching it. Daniel Harrop said Thursday sports betting should stop...

Thursday, May 2, 2019 at 02:48 PM EDT

Stephen Moore Withdraws From Fed Consideration, Trump Says

Stephen Moore Withdraws From Fed Consideration, Trump Says

Conservative economics pundit Stephen Moore has withdrawn his bid to be appointed to the Federal Reserve Board — within hours of boasting that he expected to be easily confirmed by the Senate — President Donald...

Thursday, May 2, 2019 at 12:16 PM EDT

Beyond Meat Goes Public as Sales of Plant-Based Meats Rise

Beyond Meat Goes Public as Sales of Plant-Based Meats Rise

The Nasdaq is adding fake meat to its diet. Beyond Meat, the purveyor of plant-based burgers and sausages, made its debut on the stock exchange Thursday. It's the first pure-play maker of vegan "meat" to go...

Wednesday, May 1, 2019 at 06:27 PM EDT

BBJ: Beer Distributor Plans 'Mass Layoff' After Contract Loss

BBJ: Beer Distributor Plans 'Mass Layoff' After Contract Loss

Reporter Jessica Bartlett joins necn to discuss her story, " Beer distributor plans 'mass layoff' after loss of contract."

Wednesday, May 1, 2019 at 02:44 PM EDT

State: Legal Pot Sales Top $100M in Massachusetts

State: Legal Pot Sales Top $100M in Massachusetts

Legal marijuana has reached a milestone of sorts in Massachusetts as sales of recreational pot climb over the $100 million mark. According to the latest data from the state's Cannabis Control Commission, retail...

Wednesday, May 1, 2019 at 03:45 PM EDT

Fed Leaves Rates Alone Despite Trump Pressure

Fed Leaves Rates Alone Despite Trump Pressure

The Federal Reserve left its key interest rate unchanged Wednesday and signaled that it's unlikely to either raise or cut rates in coming months amid signs of renewed economic health but unusually low inflation...

Wednesday, May 1, 2019 at 11:44 AM EDT

Survey: US Businesses Are Hiring; 275K Jobs in April

Survey: US Businesses Are Hiring; 275K Jobs in April

U.S. companies in April added the most jobs in 9 months, a sign that hiring remains strong amid solid economic growth. Payroll processor ADP said Wednesday that businesses hired 275,000 people last month, up...

Wednesday, May 1, 2019 at 09:48 AM EDT

Instagram May Stop Showing How Many People ‘Like’ Each Post

Instagram May Stop Showing How Many People ‘Like’ Each Post

Facebook-owned Instagram is going to test hiding “like” counts this week as a way to make “a less pressurized environment” on the app, Head of Instagram Adam Mosseri announced on Tuesday. “We want people to...

Wednesday, May 1, 2019 at 06:28 PM EDT

Casino Panel Hopes Record $35M Wynn Fine Serves as Deterrent

Casino Panel Hopes Record $35M Wynn Fine Serves as Deterrent

The record $35.5 million in fines Massachusetts imposed on Wynn Resorts and its CEO reflect the many violations uncovered but are also meant to serve as a deterrent as the nascent state casino industry takes...

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