Musk $50 Billion case, Twitter Open Source, House sales
Startbucks olive oil coffees, USA sanctions to Russia, US home sales decline, Microsoft vs Sony, Twitter Opensource, Spotify losses.
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Starbucks to add Olive Oil in their new coffees ☕ from Tomorrow
Starbucks today unveiled a transformational innovation in coffee, Oleato – a line of coffee beverages that brings together the unexpected – Starbucks arabica coffee deliciously infused with a spoonful of Partanna cold pressed, extra virgin olive oil.
The new beverage platform will launches in Starbucks stores in Italy on Feb. 22 and is expected to launch in the US this Spring.
U.S. Plans to Impose New Sanctions on Some 200 Russian Individuals, Entities
The Biden administration is expected to impose fresh sanctions on about 200 Russian individuals and entities this week, according to people familiar with the matter, in a push to tighten the sanctions net around the country a year after its invasion of Ukraine
Home Depot 🛋️weak earnings but to spend $1 billion more on hourly workers
Home Depot Inc. projected that its annual profit would fall below the expectations of Wall Street on Tuesday. This is due to the impact of soaring prices on the demand for home improvement products, as well as the company's struggles with higher costs and labor shortages.
Home Depot has announced that it will increase pay and benefits for front-line hourly staff by $1 billion this year. This is another indication of the tightening labor market and rising wages across the US economy.
"We hope to improve retention through this. That's why we call it an investment," said Decker in his remarks to investors. "It's going to enhance the customer experience. If we take care of our associates, they will take care of the customers, and everything else will take care of itself.”
U.S. Home 🏡Sales Fall for 12th Straight Month
The U.S. housing market weakened in January for the 12th straight month as continued high mortgage rates kept buyers on the sidelines.
According to a report released on Tuesday by the National Association of Realtors, sales of existing homes, which include single-family homes, townhomes, condominiums, and co-ops, dropped by a significant 36.9% in January compared to the previous year. Furthermore, sales were down by 0.7% from December.
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Deals of the day:
Samsung's 32-inch Odyssey G7 gaming monitor is $599.99 ($200 off) on Amazon.
The PlayStation 5 version of The Last of Us Part I is down to $49.99 ($20 off) at Best Buy
Technology ⚙️
Tesla Board Misrepresented Musk’s $55 Billion Pay Package, Judge Told
During the closing trial arguments in a lawsuit challenging Elon Musk's compensation, a lawyer for shareholders claimed that Tesla Inc. directors misrepresented a recommended $55 billion pay package for the CEO.
Board members filled out proxy disclosures with "half-truths" about the package, which would be the largest ever awarded to a CEO, according to lawyer Greg Varallo. Varallo made this statement on Tuesday in Delaware Chancery Court. Judge Kathleen St. J. McCormick, who serves in the Chancery Court, will decide the case without a jury.
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Microsoft recruited Nintendo and Nvidia to help fight Sony over the Activision deal
Microsoft has been trying to convince Sony that it will keep Call of Duty on PlayStation if its giant Activision acquisition is approved, but the companies have not come to an agreement over the terms of any potential deal.
Do you want to kill a deal and cement Sony’s position and its 80 percent share”
Spotify’s Top Creator Partnerships Executive to Depart in May
Max Cutler, the executive overseeing Spotify's exclusive deals with top creators such as Joe Rogan, Alex Cooper of Call Her Daddy, and Emma Chamberlain, will depart from the company in May. A Spotify spokesperson confirmed this information to The Hollywood Reporter.
Cutler's departure comes shortly after Spotify's announcement of a reorganization on January 23rd.
Twitter to become open source from next week.
As reported by Paul Sawers in TechCrunch in December, Twitter has been facing growing pressure from various members of the open-source community. Mastodon, a Twitter alternative, experienced a surge in usage after Musk's takeover of the microblogging network in October.
YouTube Music lets users create custom radio stations
YouTube Music now allows users to create their own custom radio stations, instead of only selecting from preexisting playlists, albums, or radios.
The new experience allows you to create a radio station with up to 30 artists of your choice. You can control the frequency of their appearance and apply filters to adjust the mood of the station. You can choose to only include your selected artists or a broader set of similar ones. Specific filters like "new discoveries" or "chill songs" can also be applied.