‘Everybody is scared of 2021.’ Europeans are losing jobs, businesses and hope
Last year was looking like a record breaker for Chris Wiseheart’s transport company in Prague. Wiseheart, originally from Detroit, had built…
Continue ReadingLast year was looking like a record breaker for Chris Wiseheart’s transport company in Prague. Wiseheart, originally from Detroit, had built…
Continue ReadingMarriott International’s president and CEO Arne Sorenson is reducing his demanding schedule for “several months” as he continues to…
Continue ReadingSt. Patrick’s Day is several weeks away, but McDonald’s is already getting ready with the arrival of the Shamrock Shake. Beginning…
Continue Reading2020 was supposed to be the kickoff of the streaming wars — the year when new contenders battled Netflix to take their own slice of the streaming…
Continue ReadingHedge funds that bet against GameStop and other stocks have been crushed by the Reddit army — and they’re infecting the rest of Wall…
Continue ReadingNike’s newest shoe is “easy on, easy off” for those who can’t put their shoes on without assistance — or cannot be…
Continue ReadingAlibaba is coming off what was likely a big quarter for its e-commerce business. But China’s most famous tech firm is still poised to face…
Continue ReadingThe silver market is the latest flashpoint in the Reddit mania that took over Wall Street last week. Silver futures surged as much as 13% to Monday,…
Continue ReadingEditor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here.…
Continue ReadingJared Isaacman, an entrepreneur behind a payment processing startup, is funding a multimillion trip to space aboard a SpaceX Crew Dragon capsule,…
Continue ReadingUS stocks started February on a better note, chipping away at some of the recent losses that turned the last week — as well as the last month —…
Continue ReadingA panel of House representatives is launching an investigation into how major meat processors and OSHA handled coronavirus outbreaks at meatpacking…
Continue ReadingIf you thought the GameStop drama was over, think again. ICYMI: Last week, a tense showdown played out on Wall Street. It was a David vs. Goliath…
Continue ReadingMove over GameStop, Reddit mania is spreading to the precious metals market. Silver futures surged as much as 13% to Monday, touching eight-year…
Continue ReadingOver the past few years, Google owner Alphabet’s stock had lagged compared to the stellar rise of big techs like the other FAANG members and…
Continue ReadingStefanie Thompson tried for three weeks to help her parents and stepmother, each of whom have preexisting medical conditions, register for…
Continue ReadingNike’s newest shoe is “easy on, easy off” for those who cannot be bothered with the most minor inconveniences, like putting on…
Continue ReadingRobinhood received a startling 3:30 am call from its clearinghouse during last week’s Reddit-inspired market chaos asking for the free-trading…
Continue ReadingLet’s say you ordered…an air fryer. Online. You open up the box. For whatever reason, you don’t like it. So, you send it…
Continue ReadingIf you felt like a new fried chicken sandwich debuted every day in January, you’re not far off. Some chains tried their best to slim down,…
Continue ReadingAn army of amateur traders looking to run up the price of struggling stocks has jolted Wall Street and forced the world to pay attention. But as…
Continue ReadingPrince Harry has settled a legal dispute with the Mail on Sunday and the MailOnline, accepting what his legal team called “significant…
Continue ReadingTesla CEO Elon Musk has declared his support for bitcoin, boosting the price of the cryptocurrency in the process. In an interview Sunday on…
Continue ReadingGlobal stocks and US futures advanced Monday as Wall Street prepared for what could be another week of rocky trading fueled by small investors on…
Continue ReadingMelvin Capital, a premier Wall Street hedge fund entangled in the frenzy over GameStop, lost 53% in January, a source familiar with the matter told…
Continue ReadingSenator Elizabeth Warren doesn’t know who’s right and who’s wrong in the GameStop saga, and that’s driving her nuts.…
Continue ReadingCongresswoman Marjorie Taylor Greene, a Trump-backed QAnon supporter, is a fountain of misinformation, conspiracy theories and hateful rhetoric, and…
Continue ReadingLeaders of five historically Black colleges and universities met with Google CEO Sundar Pichai on Friday to discuss the company’s relationship…
Continue ReadingTesla posted its first full year of net income in 2020 — but not because of sales to its customers. Eleven states require automakers sell a…
Continue ReadingSay what you will about the GameStop mania. It does illustrate one positive thing about today’s stock market: There are still some people…
Continue ReadingSamsung, the world’s biggest phone maker, is also one of the largest consumer electronics and appliance makers in the world, selling everything…
Continue ReadingGlobal stocks are rising Monday, and Wall Street is getting ready to try to shake off turbulence from last week sparked by the GameStop stock frenzy.…
Continue ReadingUS futures slumped slightly Sunday, building on the turbulence spurred in part last week by the GameStop stock frenzy. S&P 500 futures were last…
Continue ReadingStock futures dropped Sunday after a week that saw volatile markets due to the recent GameStop situation. Dow futures were down 252 points, or 0.8%.…
Continue Reading“Saturday Night Live” returned for its first show of 2021, and had one question on its mind: “What still works?” That’s…
Continue ReadingToys “R” Us is closing its only two stores roughly a year after a highly anticipated relaunch of the storied brand. Tru Kids Inc., which…
Continue ReadingJaydyn Carr was a GameStop shareholder long before the buying frenzy that sent share prices skyrocketing, and now the 10-year-old investor has cashed…
Continue ReadingThere was a lot to unpack in the deluge of news this week about GameStop, the stock market, Reddit groups, trading apps and hedge funds. If it all…
Continue ReadingOmar couldn’t believe what was happening. He should have been concentrating on the student he was tutoring in physics — a job he did during…
Continue ReadingIt has been a turbulent week on Wall Street. GameStop has been at the center of it, again soaring on Friday and ending the day up nearly 68%, after…
Continue ReadingIt has been a turbulent week on Wall Street. GameStop has been at the center of it, again soaring on Friday and ending the day up nearly 68%, after…
Continue ReadingThe cops on the Wall Street beat weren’t prepared for an army of day traders coordinating on social media to run up the price of stocks like…
Continue ReadingThe longest-serving executive in the history of cable news is retiring, and CNN will never be the same. Around the network he is known simply as…
Continue ReadingGameStop mania didn’t happen in a vacuum. It’s just the most glaring example of the bubble-like behavior running rampant in the financial…
Continue Reading“Stop the steal!” Trumpist insurgents shouted as they rampaged through the US Capitol on Jan. 6, referring to what they falsely claimed…
Continue ReadingIt has been a turbulent week on Wall Street. GameStop soared some 100% at the opening bell, after trading platforms including Robinhood lifted…
Continue ReadingGeneral Motors said Thursday it plans to be carbon neutral by 2040 in its global operations and hopes to offer only zero-emissions vehicles by 2035.…
Continue ReadingIt has been a crazy week on Wall Street — and Friday trading is still in the early going. GameStop soared some 100% at the opening bell, after…
Continue ReadingFor months, people have been clamoring to get access to Clubhouse, a buzzy invite-only social media app where members join virtual rooms to have…
Continue ReadingHNA Group was once one of China’s largest conglomerates, spending billions of dollars to expand its reach around the world. Now it could go…
Continue ReadingThe GameStop mania that’s hijacked US markets is grabbing the attention of investors all over the world, as traders from London to Mumbai try…
Continue ReadingSkinny jeans have had their moment. Comfy clothing is what consumers want now, and Levi’s is ready to deliver with more generous-fitting and…
Continue ReadingComedian and former “Daily Show” host Jon Stewart is finally on Twitter, and his first tweet was about the GameStop-Reddit mayhem on Wall…
Continue ReadingThe frenzy over GameStop has inspired amateurs everywhere to shake up stock markets. Now China’s massive army of retail investors wants to get…
Continue ReadingRobinhood raised $1 billion from existing investors just hours after it halted purchases of GameStop, suggesting the free-trading app faced a…
Continue ReadingGameStop traders sent the stock on a wild ride Thursday, and it looks set for another manic session Friday. The stock lost more than 44% of its value…
Continue ReadingRobinhood raised $1 billion from existing investors just hours after it halted purchases of GameStop, suggesting the free-trading app faced a…
Continue ReadingDogecoin is the latest target of hyped-up Reddit users. The virtual currency, which originally started as an internet parody based on a viral dog…
Continue ReadingA Robinhood customer filed a class-action lawsuit against the stock-trading app Thursday after the company barred traders from buying shares of…
Continue ReadingThe founder of the subreddit WallStreetBets says he never expected the forum to become the force it is now, with hordes of amateur investors driving…
Continue ReadingSenate Democrats are staring down a massive undertaking as they plan to push ahead with reconciliation, a process that will be an early test of party…
Continue ReadingA longtime Fox News politics editor, who was fired by the network earlier this month after angering former President Donald Trump, rebuked the…
Continue ReadingRobinhood’s free-trading revolution helped pave the way to the recent Reddit mayhem on Wall Street. The rise of Robinhood means that the…
Continue ReadingGameStop traders sent the stock on a wild ride Thursday. The stock plunged more than 40% Thursday after surging nearly 40% at one point earlier in…
Continue ReadingLaw enforcement authorities across several countries have taken down a network of what they describe as the “world’s most dangerous…
Continue ReadingABC News president James Goldston, who has led the network news division for the past seven years, is stepping down at the end of March. Goldston…
Continue ReadingTo meet the demand for Amanda Gorman’s unreleased books, her publisher announced it will print one million copies of each of her three titles.…
Continue ReadingIf you’re having a hard time finding Grape-Nuts at your local supermarket, you are not alone. The pandemic has come for Grape-Nuts. Supply…
Continue ReadingThe last time Southwest Airlines posted an annual loss was 1972, when it was a small upstart airline flying a handful of planes on Texas-only routes.…
Continue ReadingDating app Bumble has been known for setting its own standards for how people should behave on the internet — from banning shirtless and…
Continue ReadingFacebook’s court-like Oversight Board overturned several of the company’s decisions to remove content in its first set of decisions since…
Continue ReadingCommerzbank plans to slash its workforce by 10,000 and close 340 branches by 2024 as part of a strategic overhaul. The bank has roughly 48,500…
Continue ReadingAmerica has been the king of the box office for, well, forever. Not anymore. In 2020, China overtook the United States to become the top movie market…
Continue ReadingMcDonald’s US sales popped in the fourth quarter as guests spent more per order, but international sales took a hit from lockdowns related to…
Continue ReadingFrom Wall Street to the White House, everyone is watching GameStop shares. What’s happening: Stock in the left-for-dead video game retailer…
Continue ReadingThe US economy grew at an annualized and seasonally adjusted rate of 4% in the fourth quarter of 2020, just as economists had predicted, the Commerce…
Continue ReadingAmerica’s unemployment crisis is now President Joe Biden’s problem, and jobless claims in his (partial) first week as president show how…
Continue ReadingThe Reddit message board that’s breaking the internet by sending Wall Street into a frenzy was briefly taken private by its moderators on…
Continue ReadingGameStop traders sent the stock on a wild ride Thursday. The stock was up about 13% Thursday morning after tumbling about 15% earlier. Sending it on…
Continue ReadingThe European Union has been locked in a very public and acrimonious fight with AstraZeneca over vaccine delays. The temperature may have cooled…
Continue ReadingSo much for what goes up must come down. GameStop continued to defy gravity Thursday. Shares soared another 30% in premarket trading thanks to…
Continue ReadingChipotle is testing curbside pickup at 29 locations in California to give customers a way to get their tacos and burritos without having to go inside…
Continue ReadingToyota is back on top. The Japanese company has reclaimed its place as the world’s best-selling automaker, with its latest results showing an…
Continue ReadingNetflix has just claimed its biggest hit ever with “Bridgerton,” a drama set in Britain in the early 1800s. Some 82 million households…
Continue ReadingEconomists are grading on a curve. That’s not a good thing if you’re former President Donald Trump. US gross domestic product, the…
Continue ReadingA version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Mark Zuckerberg built…
Continue ReadingAmateur investors continued a frenzied runup of GameStop for the fourth session in a row, with the stock ending Tuesday up more than 92%, or about…
Continue ReadingThe GameStop frenzy on Wall Street has investors, and much of the internet, enraptured — not unlike a good horror movie. Everyone knows doom is…
Continue ReadingTesla capped its breakout year with a record profit that still fell short of analysts forecasts, sending its shares lower in after-hours trading. The…
Continue ReadingFacebook’s business continues to fire on all cylinders even as the company faces growing scrutiny from regulators over its acquisitions and…
Continue ReadingAnalysts have talked for at least a year about the potential for Apple’s first 5G iPhone to drive a “supercycle” of device sales.…
Continue ReadingAnalysts have talked for at least a year about the potential for Apple’s first 5G iPhone to drive a “supercycle” of device sales.…
Continue ReadingAt the core of Donald Trump’s angry populist appeal was — and is — this sentiment: The elites think they know better than you. They…
Continue ReadingFacebook’s business continues to fire on all cylinders even as the company faces growing scrutiny from regulators over its acquisitions and…
Continue ReadingWelcome to the Reddit market. A group on Reddit’s Wall Street Bets board have been promoting a number of stocks, hoping to squeeze short…
Continue ReadingThe Federal Reserve left interest rates unchanged Wednesday and assured investors that there are no near-term plans to raise them. Interest rates are…
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