News

This demographic tends to rely on news to make money decisions

Older Americans are putting overwhelming faith in news to inform their financial decisions as compared to the younger generation, according to the first installment of the new Yahoo Finance-Harris poll.

Eighty-one percent of people ages 55 years and older say their money and investment decisions are influenced by the coverage of current events. Only 25% of people between 18 and 34 years old use the news as an information source for their financial decisions.

The results stem from a poll of 2,033 respondents, conducted from June 15 to 17. Yahoo Finance has teamed up with Harris to produce monthly insights on consumer and workplace trends

Fifty-five percent of U.S. adults get their news from social media, according to a 2019 Pew Research Report, up from 47% in 2018. And Facebook (FB) is the top destination among its peers, with 52% of all U.S. adults getting their news from the platform.

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The Smart Money Is Ignoring the Bad News for T-Mobile’s Stock

Since completing its acquisition of Sprint on April 1, T-Mobile (NASDAQ:TMUS) stock has been on fire.

The Smart Money Is Ignoring the Bad News for TMUS Stock

Source: r.classen / Shutterstock.com

That’s the way investment sites are spinning it. TMUS stock has broken out of its trading range and is at an all-time high.

Things aren’t that simple. It’s true that T-Mobile shares are up 25%. But the average S&P 500 stock is up about 20.5%.

InvestorPlace – Stock Market News, Stock Advice & Trading Tips

What seems to be happening is that T-Mobile’s valuation is catching up to new peers, Verizon Communications (NYSE:VZ) and AT&T (NYSE:T). T-Mobile is also being bid up because it’s a “pure play” in wireless, while its rivals have gone to the dog track. Verizon, recall, bought Yahoo and America Online. AT&T took even bigger plunges, buying DirecTv

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Ritz Paris Tableware Gets Ready for Auction, #ShareTheMicNow Initiative Takes Off, and More News This Week

From significant business changes to noteworthy product launches, there’s always something new happening in the world of design. In this weekly roundup, AD PRO has everything you need to know.

Sales

Looking for the Perfect Finishing Touch for Your Next Client Project? Try Some Tableware From the Ritz Paris

This weekend is set to include a very special—and limited—opportunity for fans of the iconic Ritz Paris hotel. Thanks to Artcurial, individuals will be able to bid on pre-renovation examples of the Ritz’s tableware, glassware, silverware, and other cutlery. (If this concept rings a bell, it might be because an auction of the hotel’s furnishings already took place a couple years ago.) Regardless, highlights of this sale include a Marthe service commissioned by Ceìsar Ritz in 1898 for the opening of the hotel, a Ritz Club service designed by Jean Boggio, and more than 450 lots of Limoges porcelain. “This auction

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News from around our 50 states

Alabama

Elmore: A fourth inmate has died after testing positive for COVID-19 as the number of virus cases in the state prison system continues to rise. Robert Stewart, 80, died at a hospital Sunday, the Alabama Department of Corrections said in a statement. Stewart began exhibiting symptoms of the virus June 8 and got treatment at the Staton Correctional Facility infirmary before being transferred to a local hospital, where he died. Officials decided Thursday to test all inmates in the infirmary for the coronavirus, and 13 tested positive, the Corrections Department said. They have been isolated, the statement said. The prison system says that since the pandemic began, a total of 41 inmates and 122 staff members and contract workers have tested positive. Inmate advocates and health experts have expressed concerns that the state’s overcrowded prisons would become a breeding ground for a deadly outbreak and urged the state to

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Fox News and 25 More Companies That Faced Public Backlash

No matter how great the product or how strong the marketing, no company is immune to public backlash. For decades, consumers have used their wallets to make a statement, from the political to the personal.

And in the social media age, negative news spreads faster than ever. Here are 26 examples of companies that faced outrage for actions that range from launching thoughtless advertising campaigns to producing dangerous chemicals. Find out what these companies did that inspired public outcry.

Last updated: June 15, 2020. Pictured: Tucker Carlson speaks onstage during Politicon 2018 at Los Angeles Convention Center on October 21, 2018.

Host Tucker Carlson, in the June 8 edition of his Fox News program “Tucker Carlson Tonight,” said about the growing anti-racism protests across the country, “This may be a lot of things, this moment we’re living through, but it is definitely not about black lives, and remember that when … Read More

Fox News is Lying About Seattle’s ‘Autonomous Zone’

SEATTLE — On Fox News, host Tucker Carlson called it “chaos and craziness.” Laura Ingraham said it was “a Marxist cultural revolution” intended to “destroy everything that came before it.” In a tweet, President Donald Trump said it was being run by “Domestic Terrorists.”

These people are not describing a foreign war zone or a fallen city. They are describing the Capitol Hill Autonomous Zone, a roughly six-block area of Seattle taken over by protesters this week and declared a sovereign territory. Since the zone was established Monday, the internet has been filled with rumors about what it looks like and how it works. Fox News posted a photo of an armed guard at the entrance to the zone and said residents were being forced to show their IDs to get inside. Seattle Police Chief Carmen Best claimed that protesters were shaking down businesses for protection money. Something something Antifa

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CEOs see some good news and bad for the rest of 2020

CEOs were asked: In just a few sentences, what is your business outlook for the rest of 2020, assuming there is not another COVID-19 shutdown in the fall?

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I think it’s in the fabric of who we are as Americans, and Miamians, to rise to the occasion. Despite the fact that 2020 has presented us with unprecedented challenges, we are stepping up to address them with new solutions. I believe there is a lot of opportunity for creativity and growth in business overall; as we move toward a new post-COVID-19 normal, particular verticals — namely travel and tourism — that are vital to Miami will rely on innovations to products and experiences. The talent landscape is poised to see a boost as well. With companies like Twitter allowing teams to work remotely indefinitely, and other companies needing to find more cost-efficient work locations than, say, San Francisco, we become

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Maison & Objet Moves Fall Fair Online, Frank Lloyd Wright’s Taliesin School to Relocate, and More News This Week

From significant business changes to noteworthy product launches, there’s always something new happening in the world of design. In this weekly roundup, AD PRO has everything you need to know.

In Pursuit of a More Just World

Nonprofit Rallies Street Artists for a Cause

Italian nonprofit Yourban 2030 has produced a global street art campaign designed to raise funds for Black Lives Matter initiatives and a number of NGOs, as well as to support those particularly impacted by the pandemic. The program, called Color 4 Action, features black-and-white works by artists including Shepard Fairey (known for the iconic Barack Obama “Hope” design), Ron English, Jeremy Fish, and Okuda. Donors who give $25 or more to one of the supported organizations receive a link to download the artists’ coloring book–style drawings.

Design Companies Continue to Step Up

On June 26, East Fork is set to stage its annual fundraiser for Campaign

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