Kelly Loeffler’s relationship with the NYSE after the Capitol Rampage

Schwab quotes ‘today’s hyper-party environment’ as a factor. “We believe that a clear and apolitical stance serves the interests of customers, employees, shareholders and communities,” the company said in a statement. The company’s PAC has roughly evenly distributed its donations – $ 460,000 in the last election cycle – across the parties. Most recently, he gave the House to minority leader Kevin McCarthy, a California MP who was voted against by Schwab to prove his election results. target ads calling on companies to fund legislators to overthrow the vote. “A sad byproduct of the current political climate is that some are now using questionable tactics and misleading claims to attack companies like ours,” the company said, referring to pressure campaigns.

  • A member of the Association of Consumer Banks, the company said the closure of the PAC would not dampen the voices of lawmakers, noting that it is “the main employer of a dozen metropolitan centers”.

In other cases of the Capitol Uprising:

  • Airbnb it will lift and block all reservations in Washington next week amid further violent fears of the inauguration of elected President Joe Biden.

  • Google bans political ads on its platforms until inauguration. Follow similar steps Facebook limiting the spread of electoral misinformation.

  • Jack Dorsey, a. CEO Twitter, said he did not “celebrate and did not feel proud” about banning Mr. Trump from the platform, but urged followers to consider it and asked:Was that correct?“Thousands responded.

– Dara Khosrowshahi, CEO of Uber on the future of self-driving cars. In the latest episode of the Kara Swisher Times Opinion podcast Oscillating, influence, covers the impact of the epidemic on transport services, the future of regulation in the concert economy and more.

Intel moved to become Deputy CEO of Bob Swan yesterday, two years after he finally gave him the post. While the stuck chip giant insisted the move was not related to pressure from activist investor Dan Loeb, he certainly hopes the change has placed the hedge fund manager.

Mr Loeb’s Third Point basis has called for a change as Intel faces great challenges. The chip maker’s shares performed weaker as the company was left behind by rivals such as TSMC, Samsung, AMD and Nvidia due to manufacturing problems. Intel has lost its engineering talent and has raised questions about whether Mr. Swan – who has a financial background – was the right person to make tough technical decisions.

  • In a letter to Intel’s board of directors last month, Mr. Loeb urged the company to consider separating chip manufacturing and design and address underperforming acquisitions.

Intel’s new head will be Pat Gelsinger, is a highly respected CEO of software maker VMware, formerly Intel’s chief technology officer. His engineering background – and not the pressure of the third point – was behind the move, the company said: “The board has concluded that it is time to change this leadership to leverage Pat’s technology and engineering expertise in this critical period of transformation. At Intel, ”said Omar Ishrak, the company’s president.

  • According to a rigorous survey of investor opinion, Intel shares jumped 7 percent yesterday, raising its market limit by $ 15 billion. Shares of VMware fell nearly 7 percent, reaching a market cap of about $ 4 billion for the smaller company, which is bad for the company’s shareholders – but perhaps good for Mr. Gelsinger’s self-esteem.

All eyes are on Mr. Loebre now. He praised Intel’s move, tweeting: “The swan is a class action and has done the right thing for all stakeholders who have stepped aside. But notice whether you submit a table candidate before today’s deadline, signaling a potentially brutal proxy fight.


  • The French government has indicated it could oppose Couche-Tard’s $ 20 billion takeover bid for the Carrefour grocery chain, citing food sovereignty and job security. (Reuters)

  • The listing of two companies meant higher-than-expected prices: Petco sold shares of a pet goods retailer for $ 18, raising $ 816 million, while Poshmark’s online marketplace was $ 42, $ 277 million. (Reuters, Bloomberg)

  • Why SPACs are booming in New York but not in London. (Quartz)

Politics and politics

  • The Trump government will not prohibit Americans from investing in Alibaba, Baidu and Tencent as part of efforts to punish companies affiliated with the Chinese army. (WSJ)

  • Doug Leone, a billionaire executive at venture capital Sequoia, resigned from President Trump’s support after last week’s rampage of the Capitol. (Recoding)


  • Connecticut is investigating whether Amazon’s e-book business has violated antitrust laws. (WSJ)

  • Car manufacturers around the world suffer from a shortage of parts, and consumer electronics like PlayStations are at fault. (NOW)

The best of the rest

  • Climate activists have criticized BlackRock for investing billions in coal plants despite its focus on climate change. (Business Insider)

  • David Barclay, the British billionaire who owned The Daily Telegraph and whose family drama dominated the headlines, died. He was 86 years old. (FT)

  • Let’s be honest, this is huge news even for a business newsletter: NBA superstar James Harden is leaving the Houston Rockets for the Brooklyn Nets in a four-team trade that could transform the league. (NOW)

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