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AM Business Notebook

>>FOMC Meeting

(Undated)  --  It's a busy week in terms of first-quarter earnings, with more than 150 companies reporting results.  Chief among them are big names like Apple and Amazon.  On top of that, the Federal Reserve kicks off a two-day meeting today with an announcement on interest rates coming Wednesday.  Friday brings the monthly jobs report with most analysts expecting a drop from the previous month's 303-thousand new jobs added.  

 

>>Elon Musk Needs Lawyer's Permission To Tweet

(Washington, DC)  --  Elon Musk is stuck with the terms of an agreement he reached with the SEC, requiring a lawyer to review his posts to social media about Tesla.  He's been fighting the deal, saying it's unconstitutional.  But the U.S. Supreme Court is refusing to take up the challenge.  The so-called "Twitter sitter" provision came back in 2018, when Musk was trying to take Tesla private.  The feds said his tweets at the time were "materially false and misleading," which violated securities law.   

 

>>Kaiser Permanente Announces Data Breach Affecting Millions 

(Sacramento, CA)  --  The health care company Kaiser Permanente is announcing a major data breach.  It involves a data transmission to tech companies that may have included some members' personal information.  The third-party vendors involved are Google, Microsoft, Bing, and X - formerly Twitter.  Kaiser is notifying 13.4 million current and former members of the breach.  The information released apparently did not include sensitive data such as usernames, passwords, or financial information.  However, it did include IP addresses, names, information indicating a member or patient's access to Kaiser's services, and search terms used in the health encyclopedia. 

 

>>Detroit NFL Draft Economic Impact Could Be Higher Than $175M

(Detroit, MI)  --  Detroit tourism officials say the economic impact of the attendance record-breaking NFL Draft crowd could exceed 150 to 175-million-dollars.  Visit Detroit President and CEO Claude Molinari says they are still finalizing the impact and will have a final report by June, but he predicts the amount will exceed the estimates.  An estimated 775-thousand people attended the event while another 34-million people watched the draft on TV.  Mayor Mike Duggan says the city should be proud of the warm welcome they provided last week. 

 

>>Peacock Announces Price Hike

(Los Angeles, CA)  --  NBC Universal's Peacock streaming service will see a price hike just before the Summer Olympics.  The monthly subscription fee for Peacock Premium will jump two-dollars to seven-99 starting July 18th for new subscribers.  Meanwhile, the price for the mostly ad-free Peacock Premium Plus will go up to 13-99 a month.  The new prices will go into effect for exisiting subscribers in August.

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