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 ReadingMoney
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…
Continue Reading Reflecting on the essential role of the news media in 2020, and looking ahead to 2021
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. The year 2021 is…
Continue Reading Hedge fund Alden Global seeks to buy Tribune Publishing
Alden Global Capital, the largest shareholder of Tribune Publishing, said Thursday it offered to take full control of the newspaper chain in a deal…
Continue Reading Target recalls infant and toddler clothes because of a possible choking hazard
Target is recalling some infant and toddler clothes because of snaps that could be a choking hazard. The snaps on the Cloud Island infant rompers and…
Continue Reading What Times Square will look like after the pandemic
New York City tourism and real estate officials are hoping Thursday night’s New Year’s Eve celebration will mark a turning point for…
Continue Reading US gas prices end the year near a pandemic-era high
This is normally the time of the year that gas prices fall to their low point. Not this year. Gas prices are now close to their highest point since…
Continue Reading Another 787,000 Americans filed first-time claims for jobless benefits last week
Another 787,000 Americans filed first-time claims for jobless benefits during the Christmas week, factoring in seasonal adjustments, the Labor…
Continue Reading These 20 states will raise their minimum wage by January 1
Come Friday, many low-wage workers across the US are getting a pay bump. Twenty states are raising their minimum wage rates — some by pennies,…
Continue Reading Tesco and Pizza Hut ‘shamed’ for not paying the UK minimum wage
Britain’s largest supermarket chain Tesco underpaid almost 80,000 of its workers, the UK government has revealed, as it “named and…
Continue Reading These five patents offer hints about what an Apple car could look like
Talk of a possible Apple car is back. Apple hasn’t commented publicly on its plans for the project, nicknamed Titan, so it’s not clear…
Continue Reading Watch Boston Dynamics robots dance to ‘Do you love me’
Boston Dynamics’ robots are back to let you know they can really shake ’em down. In a stunning dance video that’s part celebration…
Continue Reading Ticketmaster to pay $10 million in fines after admitting to illegally accessing competitor’s computers
Ticketmaster entered into a plea agreement with federal prosecutors in Brooklyn, New York and will pay $10 million in fines to resolve charges that…
Continue Reading JCPenney’s CEO is out after two years of failure
Jill Soltau was hired to save JCPenney. Two years later, her company was sold out of bankruptcy and she’s been shown the exit. This isn’t…
Continue Reading Apple Car speculation is back. Here’s what we know so far
Longstanding speculation that Apple will release its own electric, self-driving car was reignited last week when Reuters, citing unnamed sources,…
Continue Reading Apple and TikTok remove app used to arrange parties during Covid
Vybe Together, an app that allowed people to arrange and attend parties that might violate Covid-19 safety protocols, has been taken down from…
Continue Reading These businesses were the surprise winners of 2020
In a year of widespread and often devastating hardships, no business or industry came through 2020 untouched by the Covid-19 pandemic. But for some…
Continue Reading Peloton is now making its own music for its classes
First it was Beyoncé. Now it’s … Elvis? Peloton is unveiling its second music partnership, which includes custom-made tunes from the…
Continue Reading Apple and TikTok banned an app used to arrange parties during Covid
Vybe Together, an app that allowed people to arrange and attend parties that might violate Covid-19 safety protocols, has been taken down from…
Continue Reading 2020’s biggest winners and losers in business
In a year of widespread and often devastating hardships, no business or industry came through 2020 untouched by the Covid-19 pandemic. But for some…
Continue Reading Why the AstraZeneca vaccine is so important to the global economy
The United Kingdom on Wednesday become the first country to approve the coronavirus vaccine developed by Oxford University and AstraZeneca. The shot…
Continue Reading Europe strikes major investment deal with China despite US concerns
Europe has finalized an investment agreement with China that is designed to rebalance trade with the world’s second largest economy, despite US…
Continue Reading Sears is dying a quiet, invisible death
Sears has made it through another holiday shopping season. Just barely. Once the nation’s leading retailer up through the 1980s, the company…
Continue Reading Joe Biden is inheriting a huge problem from Donald Trump: America’s job recovery is stuck in a rut
The US labor market is at a pivotal point 10 months into the pandemic: Millions of people remain unemployed while infections keep rising, and the…
Continue Reading Activist hedge fund calls for major changes at Intel
Intel has been going through a rough patch and now a major activist investor wants to help right the ship. Daniel Loeb, chief executive of hedge fund…
Continue Reading New York Post to Donald Trump: Stop the insanity
President Donald Trump’s favorite newspaper has turned against him. The New York Post, in an editorial that got the front-page, giant-font…
Continue Reading Boeing’s troubled 737 Max is back in the air after nearly two years
Boeing 737 Max has returned to passenger service in the US this morning for the first time since two fatal crashes grounded the jet in March 2019.…
Continue Reading This new subscription service is helping people find and support local Black-owned restaurants
Ifi Akpandak has a new venture he hopes will make it easier for Americans to find and support Black-owned restaurants in their local communities. The…
Continue Reading Drone delivery one step closer to reality with new FAA rules
Amazon, Google’s parent Alphabet, and UPS all hope to one day deliver large amounts of goods by drone. New US government rules clear some…
Continue Reading Boeing 737 MAX returns to passenger service
Boeing 737 Max has returned to passenger service in the US this morning for the first time since two fatal crashes grounded the jet in March 2019.…
Continue Reading One more push for $2,000 stimulus checks
US stocks closed at record highs on Monday after President Donald Trump signed a pandemic stimulus deal that includes $600 checks for Americans.…
Continue Reading ‘Demon Slayer’ beats ‘Spirited Away’ to become Japan’s highest-grossing movie ever
A Japanese anime blockbuster has beaten the Oscar-winning classic “Spirited Away” to become the country’s highest-grossing movie…
Continue Reading Trump administration appeals court order blocking TikTok restrictions
The Trump administration isn’t giving up on its campaign against TikTok just yet. The US government on Monday appealed a decision handed down…
Continue Reading Stimulus is here. But there are some big caveats
President Donald Trump reversed course on Sunday, signing into law a massive $2.3 trillion coronavirus relief and government funding bill that he had…
Continue Reading The 737 Max is about to fly in the US again
The Boeing 737 Max is set to carry US passengers for the first time in nearly two years on Tuesday, when American will use the jet on a round-trip…
Continue Reading 190,000 ceiling fans recalled because the blades detach and fly off
More than 190,000 ceiling fans have been recalled because the fans’ blades can detach while in use. King of Fans, a Fort Lauderdale,…
Continue Reading England is finding new ways to crack down on unhealthy foods
The food and drink industry has warned of “devastating” results for consumers and businesses if the UK government moves ahead with plans…
Continue Reading If you want to travel next year, you may need a vaccine passport
Now that coronavirus vaccines are starting to roll out in the US and abroad, many people may be dreaming of the day when they can travel, shop and go…
Continue Reading How one bold decision made ‘Trolls World Tour’ the most important movie of 2020
Delaying a Fast & Furious movie is no easy feat. For starters, it involves finding a new release date for a film with a $250 million production…
Continue Reading China tells Ant Group to quickly overhaul its business
China has ordered the country’s biggest online payments platform to overhaul large swaths of its operations as regulators continue their…
Continue Reading What the #)$*#@)($ is happening with Bitcoin’s insane record run?
Bitcoin is crashing — upward. It just passed $28,000 and shows no signs of stopping. The digital currency has a market value north of $500…
Continue Reading ‘Wonder Woman 3’ is coming soon after Warner Bros. calls ‘1984’ a hit
The box office numbers are in, and Warner Bros. says “Wonder Woman 1984” is a hit. The “Wonder Woman” sequel debuted at an…
Continue Reading Jim Acosta: I’m not the only White House reporter who got death threats
It’s a been a whirlwind four years for reporters covering Donald Trump’s presidency, a time marked by a never-ending campaign of attacks…
Continue Reading Holiday retail sales jumped 3% as more people shop for decor and furniture for their homes
When you’re stuck at home for a year, you’re probably going to get bored of staring at the same old couch, and those creaks and quirks…
Continue Reading An alarming number of Americans are ignoring health officials and traveling for the holidays
The Transportation Security Administration says it screened 1,128,773 people at airports nationwide on Saturday, the latest sign traveling public is…
Continue Reading More than half a million people flew in America on Christmas Day
The Transportation Security Administration screened 616,469 people at airport security checkpoints across the United States on Christmas Day, the…
Continue Reading China turns off the lights in ‘Christmas town’ as officials race to meet energy targets
For months, factories in the city of Yiwu, known as China’s “Christmas town,” have been cranking out most of the tinsel,…
Continue Reading ‘Deepfake’ Queen delivers alternative Christmas speech, in warning about misinformation
A fake Queen Elizabeth danced across TV screens on Christmas as part of a “deepfake” speech aired by a British broadcaster. The real…
Continue Reading Nearly a million people flew in America on Christmas Eve
After air travel broke a pandemic record on Wednesday, the TSA says it screened 846,520 people at airports nationwide on Thursday. The Christmas Eve…
Continue Reading SEC sues Ripple and two executives for selling XRP crypto: A $1.3 billion illegal security offering
The US Securities and Exchange Commission filed a lawsuit against cryptocurrency platform Ripple, its CEO, and its chairman, for illegally selling…
Continue Reading Rush Limbaugh says he didn’t expect to be alive in an emotional last show of 2020
Rush Limbaugh wrapped up his final show of 2020 with an emotional outpouring of gratitude for the support he’s received during his battle with…
Continue Reading Brexit is finally done. It will leave the UK poorer
The United Kingdom and the European Union have agreed on a trade deal, closing the book on more than four years of uncertainty over how the country…
Continue Reading Joe Biden holds court with newspaper columnists in ‘old-fashioned’ approach
The contrast between President Donald Trump and President-elect Joe Biden was a daily story in 2020 — and Wednesday was an excellent example.…
Continue Reading These were the deadliest jobs in the US last year, according to the Bureau of Labor Statistics
Work-related deaths reached a 12-year high in 2019 at more than 5,300, according to new data from the Bureau of Labor Statistics. A worker died every…
Continue Reading ‘Wonder Woman’ vs. ‘Soul’: 2020’s biggest blockbuster battle is on streaming
December has always been one of Hollywood’s blockbuster months. Hit films like The Lord of the Rings trilogy, “Avatar” and…
Continue Reading Biden’s post-election stock market bump is easily beating Trump’s
The Biden era is off to a roaring start on Wall Street, even surpassing the euphoria following President Donald Trump’s upset victory in 2016.…
Continue Reading China launches antitrust investigation into Alibaba
China has launched an antitrust investigation into Alibaba as it steps up scrutiny of the country’s rapidly growing internet firms. The State…
Continue Reading ‘Perfect storm’ of high package volume, employees out with COVID slowing USPS deliveries before Christmas
A historic amount of packages and rising employee Covid-19 rates are causing significant backlogs at US Postal Service processing facilities before…
Continue Reading Visa continues its ban on Pornhub but will allow payments on some of its parent company’s sites
Visa said Wednesday it will allow customers to make payments on some adult websites owned by Pornhub’s parent company, MindGeek. The allowed…
Continue Reading Nikola and Republic Services scrap their electric garbage truck
Nikola Motor Company’s plans to mass produce garbage trucks for Republic Services, one of the nation’s largest waste management service…
Continue Reading SEC sues Ripple and two executives for selling XRP crypto: A $1.3 billion securities fraud
The US Securities and Exchange Commission filed a lawsuit against cryptocurrency platform Ripple, its CEO, and its chairman, for orchestrating…
Continue Reading Another 803,000 Americans filed for unemployment benefits last week
Claims for unemployment benefits fell across most categories in Wednesday’s Labor Department report. Still the job market recovery has stalled…
Continue Reading It’s OK if you’ve used your phone too much this year
As a tech reporter, I’ve probably spent too much time with devices over the years, but I always tried to put in place some boundaries: no phone…
Continue Reading Lufthansa airlifts fresh food to England as UK border chaos continues
Germany’s Lufthansa operated a special cargo flight to airlift fruit and vegetables to England on Wednesday as shortages of food and other…
Continue Reading Marc Benioff of Salesforce is the CNN Business CEO of 2020
The year 2020, to put it mildly, was a challenging one for Corporate America. Still, some high-profile companies — and their leaders —…
Continue Reading KFC launches game console that keeps your chicken warm
Fast-food chain KFC has launched a new Intel-powered games console that comes with a built-in “chicken chamber” to keep your snacks warm.…
Continue Reading 3 things that could steal Christmas for Wall Street
Some of us are winding down for a period of holiday rest after a tumultuous year. But those who work in finance may not get much respite. Blame the…
Continue Reading The pandemic is forcing older workers to retire early
America has gone from having the strongest job market in decades to the very opposite during the pandemic. For older workers who have lost their jobs…
Continue Reading Trump’s private bankers resign from Deutsche Bank
The private bankers responsible for lending to President Donald Trump and Jared Kushner have resigned from Deutsche Bank, the bank said.…
Continue Reading Elon Musk claims Tim Cook refused to meet with him to discuss buying Tesla
Tesla CEO Elon Musk said on Twitter on Tuesday that he attempted to sell the company “during the darkest days of the Model 3 program,”…
Continue Reading Walmart contributed to the prescription opioid crisis for years, breaking the law, the Justice Department alleges
The Department of Justice is alleging that Walmart broke the law and contributed to the prescription opioid crisis by filling thousands of invalid…
Continue Reading This billionaire warns that America’s massive wealth gap could lead to conflict
Ray Dalio, the billionaire founder of the world’s largest hedge fund, is deeply worried about a divided and profoundly unequal America as…
Continue Reading Airlines welcome back thousands of furloughed workers after Congress passes stimulus bill
Executives from United and American Airlines announced plans Tuesday to bring back thousands of their furloughed workers in response to Congress…
Continue Reading Sorry, but video meetings are here to stay
Some workers hope to continue the full-time telecommuting life indefinitely, pandemic or no pandemic. Brandon Penn isn’t one of them. “I…
Continue Reading 10 years in prison for illegal streaming? It’s in the Covid-19 relief bill
Tucked away in the more than 5,000-page long Covid-19 stimulus bill is a new law that severely punishes streamers that pirate large amounts of…
Continue Reading The Senate races in Georgia will shape the economic recovery
Just before the buzzer sounds on 2020, Washington has finally agreed on a $900 billion relief package that avoids driving the US economy off a cliff.…
Continue Reading $900 billion in stimulus is coming. More is needed but isn’t guaranteed
After months and months of delay, Congress has passed a $900 billion stimulus package that promises to accelerate vaccine distribution and deliver…
Continue Reading Burger King is giving away free dollars to spend on its new $1 menu
Burger King is adding a new dollar menu, bucking the trend of fast food chains pushing customers to more expensive items as food and labor costs…
Continue Reading SoftBank joins Wall Street’s latest craze in hunt for acquisitions
SoftBank wants in on one of Wall Street’s hottest trends as it looks to beef up its tech portfolio once again. On Monday, the Japanese…
Continue Reading Covid-19 isolation gives Britain a taste of ‘no-deal’ Brexit chaos
France has suspended transport links with Britain after a new Covid-19 variant emerged in southern England, adding to growing chaos at UK ports and…
Continue Reading Stocks and oil prices sink as new coronavirus variant sends Europe into lockdown
It was a bumpy ride for US stocks on Monday as worries over a new variant of the coronavirus overshadowed the news of a second pandemic relief bill…
Continue Reading Tesla stock slides on first day in S&P 500
So much for Tesla getting a bump on its first official day in the S&P 500. Shares of Tesla fell more than 6% Monday, dipping along with the…
Continue Reading Elon Musk tweeted about a bitcoin rival. It soared 20%
What started off as a meme-inspired parody cryptocurrency has now become the center of a series of tweets in a bitcoin sound-off from Elon Musk. The…
Continue Reading 2020: When electric vehicle excitement kicked into high gear
Tesla’s fortunes have made quite a journey since April 2018, when CEO Elon Musk posted a photo on Twitter of himself apparently asleep, lying…
Continue Reading 2020 is when private spaceflight just got started. In 2021 it will shoot for the stars
Despite the pandemic, 2020 was a landmark year for the commercial space industry. SpaceX became the first company ever to send humans to space aboard…
Continue Reading Walmart is attempting to solve one of the biggest pain-points of online shopping
Walmart is attempting to solve one of the biggest pain-points of online shopping — the dreaded return — with a new service. The retailer…
Continue Reading US futures slump as new Covid-19 variant spoils the stimulus party
Investors had hoped to celebrate the moment US lawmakers agreed on a new stimulus package to help America’s ailing economy. Instead, the…
Continue Reading Apple’s supply chain woes are adding up in Asia
Apple has placed a second major supplier in Asia on probation after finding that the company delayed payments to workers — a breach that apparently…
Continue Reading