Samsung says profits are rising, but smartphone competition is fierce
Samsung predicts its profits rose nearly 26% last quarter. That suggests demand for many of its products has kept up during the coronavirus pandemic…
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Joe Scarborough lambasts Capitol police: You opened the f***ing doors for them
The morning after rioters violently stormed the US Capitol, “Morning Joe” co-host Joe Scarborough passionately reprimanded Capitol police…
Continue Reading Capitol riots raise urgent concerns about Congress’s information security, cyber experts warn
Digital security experts are raising the alarm over Wednesday’s breach of the US Capitol, which not only threatened lawmakers’ physical…
Continue Reading Stocks soar to record highs as Wall Street looks past Washington violence
Stocks rallied to new all-time highs on Thursday, as Wall Street continues to be unfazed by the prior day’s violent clashes on Capitol Hill.…
Continue Reading Verizon delaying shutdown of its 3G wireless network
Consumers using a phone that still runs on the Verizon 3G network have a bit more time to continue using the network. The company’s 3G network…
Continue Reading Bitcoin tops $40,000 — just days after passing $30,000
Bitcoin first topped $19,000 in December 2017 before crashing spectacularly to around $3,200 a year later. But long-term buy and hold bitcoin bulls,…
Continue Reading Goldman Sachs predicts faster economic recovery after Democrats sweep Georgia
The surprise sweep by Democrats in Georgia should pave the way for a faster economic recovery from the pandemic, says Goldman Sachs. The bank…
Continue Reading Stocks soar as Wall Street looks past Washington violence
Stocks are rallying sharply on Thursday, as Wall Street continues to be unfazed by the prior day’s violent clashes on Capitol Hill. For…
Continue Reading Gun stocks soared as a pro-Trump mob invaded the US Capitol Hill
American gun manufacturers saw their stock prices surge Wednesday afternoon as a group of Trump supporters stormed into the US Capitol building in an…
Continue Reading Why Wall Street can disregard protests, assassinations and riots
It’s not a surprise that stocks mostly rallied Wednesday and were up again Thursday morning, despite the ugly and tragic events during a riot…
Continue Reading Next stop, $50,000? Bitcoin’s relentless surge rolls on
Bitcoin first topped $19,000 in December 2017 before crashing spectacularly to around $3,200 a year later. But long-term buy and hold bitcoin bulls,…
Continue Reading PogChamp emote banned for ties to Capitol violence
Amazon’s livestreaming platform Twitch has banned a popular gaming emote, citing how the man pictured in the emote tweeted comments that…
Continue Reading Here’s what Burger King’s new logo looks like
Burger King’s identity is getting a whopper of a refresh, with its first new logo in more than 20 years. Using colors inspired by its…
Continue Reading Facebook bans Trump from posting for remainder of his term in office
Facebook’s restrictions on President Donald Trump’s account will continue for at least the next two weeks and perhaps…
Continue Reading ‘Chaos. Anarchy. Assault on Democracy.’ Here’s how newspapers around the world reacted to US Capitol riots
Across the United States, millions watched in horror Wednesday as unprecedented scenes of chaos unfolded at the US Capitol. Supporters of President…
Continue Reading Time after time, the US stock market has been unfazed by civil unrest
It’s not a surprise that stocks mostly rallied Wednesday and were up again Thursday morning, despite the ugly and tragic events during a riot…
Continue Reading Mark Zuckerberg says Facebook may block Trump ‘indefinitely’
Facebook’s restrictions on President Donald Trump’s account will continue for at least the next two weeks and perhaps…
Continue Reading Elon Musk is close to overtaking Jeff Bezos as the world’s richest person
Elon Musk is getting close to grabbing the title of world’s richest person from Amazon CEO Jeff Bezos. The Bloomberg real-time billionaire…
Continue Reading Late-night hosts react to Capitol riot: ‘The treason finale of the Donald Trump era’
Late-night hosts, typically some of the most jovial personalities on television, were somber and angry Wednesday night after rioters stormed the…
Continue Reading Another 787,000 Americans filed for unemployment benefits last week
The jobs recovery has run out of steam as the pandemic continues to spread across the country and world. Last week, another 787,000 Americans filed…
Continue Reading Elon Musk is close to overtaking Jeff Bezos the as world’s richest person
Elon Musk is getting close to grabbing the title of world’s richest person from Amazon CEO Jeff Bezos. The Bloomberg real-time billionaire…
Continue Reading Here’s the list of companies and CEOs that have condemned the riots in Washington
Corporate America is speaking out forcefully against Wednesday’s riots in Washington, in which the US Capitol was breached by supporters of…
Continue Reading Facebook and Twitter temporarily lock Trump’s account after riot on Capitol Hill
Facebook and Twitter took the extraordinary step on Wednesday of locking President Donald Trump’s account on their platforms after his…
Continue Reading America is in turmoil. But investors are focused on what comes next
It was a shocking day in American history after a mob of President Donald Trump’s supporters stormed the Capitol, engulfing one of…
Continue Reading GE won’t claw back former CEO Jeff Immelt’s pay after private jet scandal
Jeff Immelt’s 16 years at the helm of General Electric left the company in shambles. The once-great company was drowning in debt, under fire…
Continue Reading Business leaders react to Wednesday’s riots in Washington
Corporate America is speaking out forcefully against Wednesday’s riots in Washington, in which the US Capitol was breached by supporters of…
Continue Reading Alibaba and Tencent stocks hit by reports that Trump could go after them next
Shares in Alibaba and Tencent were rocked in Hong Kong on Thursday following reports that they could be the next casualties of President Donald…
Continue Reading How the news media covered domestic terrorism on Capitol Hill
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. The events on Capitol…
Continue Reading It took an assault on Congress for Big Tech to draw a line on Trump
Wednesday’s assault on the US Capitol by President Donald Trump’s supporters has created a crisis moment for the tech companies that have…
Continue Reading Before rioters stormed the US Capitol, Trump supporters called for violence online
While many Americans were stunned as they watched rioters descend on the Capitol and clash with police, there has been chatter for days on various…
Continue Reading Donald Trump should be removed from office to preserve democracy, business leaders say
The National Association of Manufacturers, one of the most influential business groups in the US, called on Vice President Mike Pence Wednesday to…
Continue Reading Trump should be removed from office to preserve democracy, business leaders say
The National Association of Manufacturers, one of the most influential business groups in the US, called on Vice President Mike Pence Wednesday to…
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Twitter locks Trump’s account for 12 hours, signals he could be banned
Twitter said Wednesday it has locked President Donald Trump’s account for 12 hours, and warned for the first time that it may suspend him…
Continue Reading Congressional reporters became the country’s eyes and ears as rioters stormed Capitol Hill
When pro-Trump rioters breached the Capitol building on Wednesday, the TV cameras in the House and Senate chambers were abruptly turned off.…
Continue Reading Here’s why Wall Street mostly ignored the chaos in Washington
Wall Street shrugged off a shocking day in America’s history Wednesday as Trump supporters stormed the US Capitol in a violent attempt to…
Continue Reading Facebook, Twitter and YouTube take action on Trump’s posts amid riots at the US Capitol
Facebook, Twitter and YouTube took action on President Donald Trump’s posts Wednesday in the wake of riots at the US Capitol from his…
Continue Reading Self-driving pioneer Waymo dumps the term ‘self-driving’
Waymo, the self-driving arm of Google’s parent company Alphabet, and which pioneered the self-driving car business, says it’s done with…
Continue Reading Twitter restricts engagement with Trump’s labeled tweets amid riots at the US Capitol
On Wednesday afternoon, Twitter moved to restrict engagement with tweets by President Donald Trump and others that have been labeled “due to a…
Continue Reading Business leaders suggest removing Trump from office to preserve democracy
The National Association of Manufacturers, the nation’s largest manufacturing association, called on Vice President Mike Pence Wednesday to…
Continue Reading Some Florida counties turned to Eventbrite to distribute vaccines. Then the fraudulent listings came
Before the pandemic, Meg Bourbonniere used Eventbrite to purchase concert tickets. But this week, the 65-year-old resident of Pinellas County,…
Continue Reading Main Street, not Wall Street, is the clear winner from Georgia Senate runoffs
Main Street is emerging as a clear winner following the Senate runoffs in Georgia. The outlook is far murkier, on the other hand, for Wall Street. If…
Continue Reading Cannabis stocks soar, Big Tech sinks following Georgia elections
The “blue wave” that many expected in November appears to have crested two months later. Now, investors are trying to figure out how to…
Continue Reading Why Roku wants more content — even from a failed app
Roku is reportedly in talks to buy the rights to content from Quibi, the short-form video company that shut down after just a few months. While it…
Continue Reading NYSE bans Chinese telecom stocks in second about-face of the week
The New York Stock Exchange will delist three Chinese telecommunications stocks to comply with an executive order from the Trump administration —…
Continue Reading Jeff Bezos just named a huge rocket recovery ship after his mom
It’s always a challenge to find the right gift to get one’s mother, the right token that accurately reflects the appreciation and…
Continue Reading Neil Young has sold a big stake in his 1,180 songs
Folk-rock superstar Neil Young has sold a 50% stake in his song catalog to investment company Hipgnosis for an estimated $150 million. The deal…
Continue Reading Proof Big Tech is way too big: It’s a quarter of your portfolio
Thousands of stocks trade on Wall Street every day. But let’s be honest: Just a half dozen companies really, truly matter for many investors.…
Continue Reading The ‘blue wave’ may have arrived after all
After the elections in November, Wall Street put predictions of a “blue wave” aside. Now, investors are once again reckoning with the…
Continue Reading China sentences former top finance executive to death for bribery
A Chinese court has sentenced the former chairman of a huge state-owned financial company to death after finding him guilty of bribery. It’s a…
Continue Reading Tesla short sellers lost $40 billion in 2020. Elon Musk made more than triple that
It’s hard to imagine anyone has had a better year than Elon Musk did in 2020. His personal net worth soared like one of his SpaceX rockets,…
Continue Reading Trump signs new order that would ban transactions with some Chinese apps
President Donald Trump is continuing to pile the pressure on Chinese tech companies in the closing days of his administration. Trump on Tuesday…
Continue Reading Apple proxy statement includes section about antitrust risk for the first time
Antitrust scrutiny of Apple and other big tech giants ratcheted up over the past year. And for the first time, Apple has noted in its annual proxy…
Continue Reading Bill Gross says growth stocks, SPACs and the ‘Teslas of 2020’ may struggle in 2021
Bill Gross started off his investment outlook for 2021, titled “A Little Bit Softer Now,” on an unusual note, discussing a legal spat…
Continue Reading Shake Shack brings Korean Fried Chicken to fast-food’s chicken sandwich wars
Shake Shack is kicking off 2021 by introducing a new contender to the fast food industry’s already-crowded chicken sandwich wars. The burger…
Continue Reading Pizza Hut rolls out a new stuffed crust — minus the pizza
Pizza Hut is doubling down on one of its classic innovations as the pandemic-era pizza wars rage. In a nod to the 25th anniversary of stuffed…
Continue Reading You can buy an FDA-approved COVID-19 test on Amazon
COVID-19 tests are in high demand as cases surge, with some Americans waiting in long lines at medical centers and drive-through sites. But now an…
Continue Reading Oil soars near $50 after OPEC and Russia agree to roll over production cuts
A group of major oil producers have agreed to keep production broadly steady in February and March as the pandemic forces some economies back into…
Continue Reading Oil soars past $50 after OPEC and Russia agree to roll over production cuts
A group of major oil producers have agreed to keep production steady in February and March as the pandemic forces some economies back into lockdown…
Continue Reading Americans are buying cars again
US car sales have picked up again — and Americans are back to buying vehicles at their pre-pandemic pace, according to General Motors. As the…
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Adobe Flash Player is officially dead. Here’s how to uninstall it
Adobe has officially killed off Flash Player, the buggy, hated, security vulnerability of a web browser plug-in that was once widely used for viewing…
Continue Reading Windows 10 is rumored to be getting a major redesign. Don’t screw this up, Microsoft!
Microsoft is rumored to be working on a major redesign of Windows 10 that could bring big changes to the way the PC operating system looks and…
Continue Reading At stake in the Georgia Senate races: The future of America’s economy
Georgia isn’t just the center of the political universe. It’s center stage on Wall Street, too. The Peach State’s Senate runoffs…
Continue Reading Microsoft to AMD: Please help us!
Staying home and gaming is definitely a trend during the pandemic, but it has been hard for people to get their hands on the latest consoles. Since…
Continue Reading Electric cars hit record 54% of sales in Norway as VW overtakes Tesla
Battery electric vehicles accounted for more than half of all cars sold in Norway last year, putting the country way out in front in efforts to kill…
Continue Reading Ex-Trump adviser Gary Cohn joins IBM as vice chairman
Gary Cohn, who quit a top job at Goldman Sachs to join the Trump administration in 2017, is the new vice chairman at tech giant IBM. Cohn said in a…
Continue Reading Elephant ivory still being sold on eBay despite 12-year ban
Elephant ivory is still being sold on eBay despite the online marketplace introducing a ban more than a decade ago, researchers have found. Sellers…
Continue Reading Welcome back to work, everything is broken
Editor’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 Reading Honey, the pandemic shrunk our wedding cake
Jennifer Bunce-Timmons is used to making extravagant cakes for weddings. But over the summer, she got a request that was on another level. Instead of…
Continue Reading Alibaba is shutting down its music streaming app
Alibaba is shutting down its music streaming app next month, signaling an end to the Chinese tech firm’s big music ambitions. The company…
Continue Reading The 2 big reasons stocks are struggling as 2021 kicks off
The new year was meant to usher in greater certainty, with Covid-19 vaccination efforts ramping up and the US election in the rearview mirror.…
Continue Reading Jeff Bezos, Jamie Dimon and Warren Buffett tried to solve health care. 3 years later, their company has shut down
Haven, an ambitious health care company formed just three years ago as a partnership between Amazon, Warren Buffett’s Berkshire Hathaway and…
Continue Reading OPEC and Russia divided over how much oil the world needs right now
A group of major oil producers including Saudi Arabia and Russia is deadlocked over whether to increase output as the pandemic forces some economies…
Continue Reading More than 170 business leaders sign letter urging Congress to accept Biden’s win
More than 170 prominent business leaders signed a letter urging Congress to accept the Electoral College results that declared Joe Biden as the next…
Continue Reading Wall Street reverses plan to kick out Chinese telecom companies
The New York Stock Exchange has reversed its decision to kick out three of China’s largest state-owned telecom companies. The exchange said…
Continue Reading Where is Jack Ma? Tech tycoon silent as China gets tough with his business
Jack Ma’s businesses are under enormous pressure right now. But the co-founder of China’s most successful tech empire and legendary…
Continue Reading Google workers have formed the company’s first-ever union
Hundreds of employees at Google and its parent, Alphabet, have launched a union, a rare step for the tech industry that also represents the biggest…
Continue Reading Dow tumbles on first trading day of 2021
It was a rocky first trading day of the year for Wall Street as stocks fell sharply and investors grew worried about the the pandemic and the…
Continue Reading Janet Yellen made millions giving speeches to Wall Street banks she’ll soon regulate
Janet Yellen, President-elect Joe Biden’s pick for Treasury secretary, made more than $7 million in recent years by giving speeches to Wall…
Continue Reading Haven — the joint health care venture by Amazon, Berkshire and JPMorgan — is shutting down
Haven, an ambitious health care company formed just three years ago as a partnership between Amazon, Warren Buffett’s Berkshire Hathaway and…
Continue Reading McDonald’s adds three new sandwiches to compete in chicken wars
McDonald’s is launching new sandwiches next month in an effort to win fast food’s chicken war. On Monday, the company announced three…
Continue Reading Dow tumbles more than 500 points on first trading day of 2021
The Dow tumbled more than 500 points in the early afternoon on Monday, the first trading day of the New Year, as investors grew worried about the the…
Continue Reading Bitcoin’s bubble could burst, warns Anthony Scaramucci. But he’s still a mega-bull
Bitcoin prices more than quadrupled in 2020 and surged to a new record above $30,000 this year, but many investors think there’s still room for…
Continue Reading Dow tumbles more than 600 points on first trading day of 2021
The Dow tumbled more than 600 points around midday Monday, the first trading day of the New Year, as investors grew worried about the the pandemic…
Continue Reading Slack welcomes workers back with a service outage
New year, same telecommuting headaches. Slack, a popular workplace communication platform, confirmed a service interruption for some users on Monday…
Continue Reading MGM makes $11 billion bid for UK gambling group
MGM Resorts International is attempting to buy the owner of British gambling brand Ladbrokes, making it the latest US casino operator to place a…
Continue Reading Chipotle’s slimming down for the new year too, adding cauliflower rice to its menu
Chipotle is adding cauliflower rice to its menu as customers’ tastes shift toward healthier options. Beginning Monday, the cilantro-lime…
Continue Reading Bitcoin’s rally could be a sign of what’s in store for markets in 2021
Investors are gearing up for a turbocharged 2021. Want evidence? Look at the price of Bitcoin. What’s happening: Just a few weeks ago, Wall…
Continue Reading She was promoted just in time to lead TikTok through a ‘Category 5 storm’
Years before Vanessa Pappas became the public face of TikTok, she interviewed for a job hosting a car show at a buzzy video production company that…
Continue Reading Herbalife is buying back more than half of Carl Icahn’s stake
The legendary activist investor Carl Icahn is dumping a massive chunk of his stake in Herbalife Nutrition and giving up his firm’s seats on the…
Continue Reading Wall Street will kick out three big Chinese telecom companies
Washington’s battle with Beijing is escalating once more on Wall Street. The New York Stock Exchange will end trading in the shares of three of…
Continue Reading Pay attention to the propaganda, and other ways to cover an attempted coup in America
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Sunday showed how.…
Continue Reading Fanduel suffers widespread outage on last day of NFL’s regular season
Fanduel, the fantasy sports and online sports betting company, experienced outages on Sunday — the last day of regular season NFL games —…
Continue Reading Media should call GOP election fight an attempted coup, historian says
The Republican effort to contest the presidential election results on the Senate floor this week is raising questions about how media outlets should…
Continue Reading Saying goodbye to a wild year for stocks
We’re hoping to shelve the word ‘unprecedented’ for a while as 2021 gets underway — but first, one final look at a 2020. The Dow…
Continue Reading Larry King has been hospitalized with Covid-19
Legendary talk show host and former CNN interviewer Larry King has Covid-19, according to a source close to the family. King, 87, has been…
Continue Reading Tesla hit half-million car target in 2020
Tesla hit its goal of building a half-million cars in 2020, a first for the company, it reported Saturday. The completed deliveries to customers,…
Continue Reading Bitcoin soars past $33,000, its highest ever
Bitcoin has been flirting with the $30,000 mark for weeks, and finally passed that record-setting level Saturday. The virtual currency is now valued…
Continue Reading Dow and S&P 500 end 2020 at record highs
The Dow and the S&P 500 started and ended this unprecedented year at all-time highs — with a lot of volatility along the way. All three major…
Continue Reading Microsoft says hackers viewed its source code
Microsoft said Thursday that the suspected Russian hackers behind a massive US government security breach also viewed some of the company’s…
Continue Reading Markets started 2020 riding high, and they’ll end it even higher
The stock market’s wild 2020 ride is finally coming to an end. Stocks are at record highs once again, just like they were at the start of this…
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