Thursday 09.14.17

"Never confuse motion with action."
Benjamin Franklin

Target Is Hiring Way More People for the Holidays This Year  Yesterday, Target announced it would hire 100,000 seasonal workers for the upcoming November and December Christmas shopping period, compared to 70,000 last year, a 43% jump. - FFortune

Cord-Cutting Explodes: 22 Million U.S. Adults Will Have Canceled Cable, Satellite TV by End of 2017  More bad news for cable companies came in as American consumers are cancelling traditional pay-TV service at a much faster clip than anticipated. In 2017, a total of 22.2 million U.S. adults will have cut the cord on cable, satellite or telco TV service to date — up 33% from 16.7 million in 2016. - Variety

Tesla to Unveil Semi on October 26  In a tweet, Tesla chief Elon Musk says they will unveil its semi truck Oct. 26. and test ride it that day in Hawthorne, Calif. Musk also added it is "worth seeing this beast in person. It's unreal." - Twitter

Martin Shkreli’s Bail Revoked as Judge Orders Him Sent to Jail  Martin Shkreli has been sent to jail for offering $5,000 for a strand of Hillary Clinton's hair on Facebook. The "Pharma Bro" was convicted last month on three counts of securities fraud and securities-fraud conspiracy, in connection with his management of two hedge funds and a pharmaceutical company. - Wall Street Journal

Amazon and eBay turning blind eye to VAT evasion?  Amazon and eBay were accused last night of profiteering from a major VAT fraud scheme at the expense of British taxpayers and businesses. MPs said the online companies were "turning a blind eye" to organized criminals from China. - The Guardian

Puerto Rico opens arms to Irma refugees  Saddled with economic problems and its own damage from Hurricane Irma, Puerto Rico is taking thousands of refugees from the U.S. Virgin Islands whose homes were destroyed by the storm, with a cruise ship carrying up to 2,000 more due to set sail for the U.S. territory on Wednesday. - Reuters

Indians Win 21st Straight  Cleveland surpasses the 2002 Oakland Athletics for the American League record and ties the 1935 Chicago Cubs for the second longest streak since 1900. - Associated Press


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