Asian-Americans’ disposable income was up 314% before Covid-19, study finds
The collective buying power of Asian Americans far outpaced other demographic groups over the past 20 years and was on track to reach $1.3 trillion…
Continue ReadingThe collective buying power of Asian Americans far outpaced other demographic groups over the past 20 years and was on track to reach $1.3 trillion…
Continue ReadingIf you are looking for another sign that the economy is rebounding and that average Americans are finally starting to benefit, you should check out…
Continue ReadingTwo of Asia’s biggest names in tech, Masayoshi Son and Jack Ma, are keeping in touch through personal drawings. Son, the CEO of SoftBank,…
Continue ReadingChevron has built a $170 billion fossil fuels empire that has made the 141-year-old company synonymous with the oil-and-gas industry. But the climate…
Continue ReadingShares of Hyundai and Kia plunged on Monday after the South Korean automakers said they were not in talks with Apple to develop self-driving cars…
Continue ReadingAs conservative media has largely abandoned false accusations that electronic voting companies conspired in an attempt to overturn election results,…
Continue ReadingDig beneath the topline numbers in the government’s monthly jobs report and you can see just how unprecedented the pandemic-fueled jobs crisis…
Continue ReadingJim Hoft, the founder and editor-in-chief of far-right news site Gateway Pundit, was permanently suspended from Twitter Saturday after he violated…
Continue ReadingThe pandemic is pushing economic policy to the limits. Governments around the world are running record budget deficits, and central banks are…
Continue ReadingVice President Kamala Harris called on America’s Black business leaders to help spread the word that it is critical for Black Americans to take…
Continue ReadingTesla is betting big on bitcoin, saying it may soon accept the digital currency as payment for its cars. And the most valuable car company on the…
Continue ReadingApple may be doing away with one of its most divisive pieces of technology this year, and some fans aren’t sorry to see it go. While the…
Continue ReadingAfter a rocky 12 months, oil prices — which got crushed when Covid-19 slashed demand for energy around the world — are roaring back. What’s…
Continue ReadingNothing unusual happened when Lou Dobbs hosted his Fox Business show on Thursday evening. His hour was full of Fox’s usual themes about…
Continue ReadingClubhouse appears to have been blocked in China just days after it became the go-to app for uncensored conversations on a host of sensitive issues…
Continue ReadingTesla is betting big on bitcoin, saying it may soon accept the digital currency as payment for its cars. And the most valuable car company on the…
Continue ReadingBruce Springsteen issued a call for common ground, unity and political centrism in a 2-minute long ad for Jeep set to run during the Super Bowl on…
Continue ReadingThe US airline industry just closed the books on the worst year in its history, losing a combined $32 billion excluding special items. Yet it still…
Continue ReadingFox News’ official reason for canceling Lou Dobbs’ show — a post-election programing adjustment — doesn’t quite add up.…
Continue ReadingYou probably got a stimulus payment in 2020 and possibly another one in January 2021 or you’re still waiting on…
Continue ReadingNearly three weeks into office, President Joe Biden is trying to do what he knows how to do best — connect with average Americans, letting them…
Continue ReadingIt’s that time of year again, when people actually look forward to watching TV commercials. Millions of viewers will tune in to Super Bowl LV,…
Continue ReadingSunday is an unofficial holiday in the US as the NFL kicks off the Super Bowl, and “Saturday Night Live” had plenty to say about it. The…
Continue ReadingA new children’s book called “Doctor Li and The Crown-Wearing Virus” is the origin story of Doctor Li Wenliang, who first raised…
Continue ReadingKroger has joined a growing list of large US grocery store chains offering incentives for workers to get the COVID-19 vaccine. The company announced…
Continue ReadingLou Dobbs, the longtime host of the signature right-wing talk show on the Fox Business Network, was canned by the network on Friday night. “Lou…
Continue ReadingTwo prominent staffers of The New York Times who’d been the focus of high-profile recent controversies for the paper — audio producer Andy…
Continue ReadingMyanmar further expanded its internet crackdown, ordering a block of Twitter and Instagram days after the country’s military seized power in a…
Continue ReadingThe first jobs report of the Joe Biden presidency was less than OK — but Wall Street cheered anyway. Stocks rose Friday, extending all-time…
Continue ReadingThe path has been cleared for Nigeria’s Ngozi Okonjo-Iweala to become the first woman and the first African to lead the World Trade…
Continue ReadingThousands of Amazon warehouse workers at an Alabama facility will be able to cast their votes on whether to unionize by mail-in ballots beginning…
Continue ReadingLuckin Coffee, once hailed as China’s homegrown rival to Starbucks, has filed for bankruptcy in the United States less than a year after the…
Continue ReadingMarty Walsh may not seem like the person to overhaul the gig economy. He spent years advocating for construction workers and less time on the…
Continue ReadingEnjoying more free time while working from home? Maybe not. New research conducted during the pandemic shows that home-working employees in the…
Continue ReadingReddit favorite GameStop isn’t looking so hot this week and some of the stock’s biggest backers are freaking out. After selling off…
Continue ReadingPeloton’s rapid ascent to becoming a must-have home fitness accessory has caused major delivery delays that are angering new customers. The…
Continue ReadingA semiconductor shortage is battering the global auto industry at a crucial moment, and the pressure shows no sign of easing soon. What’s…
Continue ReadingJim Nantz has called many Super Bowls (six, to be exact), but none can compare to this Sunday’s big game. For starters, Super Bowl LV will mark…
Continue ReadingAmerica’s jobs recovery has lost steam: Even though 49,000 jobs were added in January, the nation is still down nearly 10 million jobs since…
Continue ReadingKuaishou’s stock skyrocketed in value Friday as the TikTok-like video app scored the world’s biggest IPO since the coronavirus pandemic…
Continue ReadingThe first jobs report of the Joe Biden presidency was less than okay — but Wall Street cheered anyway. Stocks rose Friday morning, extending…
Continue ReadingIt took less than six months for Instagram’s Snapchat clone to catch up to its rival’s audience size and be credited with stunting…
Continue ReadingRobinhood, the stock trading app that helped fuel GameStop mania and ended up in a PR crisis, is running a Super Bowl ad. The 30-second spot, which…
Continue ReadingRobinhood, the stock trading app that helped fuel GameStop mania and ended up in a PR crisis, is running a Super Bowl ad. The 30-second spot, which…
Continue ReadingRobinhood lifted trading limits on GameStop, AMC and other Reddit favorites Friday, easing restrictions that engulfed the free trading app in…
Continue ReadingThe jobs recovery has hit a roadblock: The US jobless rate hasn’t improved since the fall and economists don’t have high hopes that this…
Continue ReadingA version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. “This is the…
Continue ReadingJapanese companies bet on Myanmar years ago as the Southeast Asian country emerged from decades of military rule. But this week’s coup has…
Continue ReadingUK regulators have pulled the broadcasting license for China Global Television Network, or CGTN. Media regulator Ofcom said Thursday that it had…
Continue ReadingVale has agreed to pay nearly $7 billion in compensation after a dam collapsed at one of its mines in Brazil two years ago, killing 270 people and…
Continue ReadingKuaishou’s stock more than doubled in value Friday as the TikTok-like video app scored the world’s biggest IPO since the coronavirus…
Continue ReadingMcKinsey & Company, one of the world’s largest consulting firms, will pay nearly $600 million in multiple settlements over its work…
Continue ReadingThe Kansas City Chiefs or Tampa Bay Buccaneers? We don’t know who will win Super Bowl LV. But the big sports betting and fantasy firms are…
Continue ReadingFord reported surprisingly good financial results at the end of a tough year, and said it was increasing its commitment to vehicles of the future…
Continue ReadingTwo Google engineers have resigned from the tech giant, citing the departure late last year of prominent Black artificial intelligence researcher…
Continue ReadingOne of the indelible images from the January 6 invasion of the US Capitol is of Jacob Chansley dressed in horns, a bearskin headdress, red, white and…
Continue ReadingIn January 2020, members of Congress held a hearing to discuss the importance of digital literacy and closing the digital divide, or who has access…
Continue ReadingIn his 2014 annual letter to shareholders, Amazon CEO Jeff Bezos wrote that a “dreamy business offering” comprises at least four…
Continue ReadingCitadel Securities is under the microscope over its relationship with Robinhood. But the high-frequency trading firm is not laying low. On the same…
Continue ReadingIf President Trump tunes into Fox News this weekend, he may see something unexpected: a point-by-point fact-check to wild election fraud claims made…
Continue ReadingA voting technology company swept up in baseless conspiracy theories about the 2020 election filed a monster $2.7 billion lawsuit on Thursday against…
Continue ReadingSmartmatic filed a $2.7 billion lawsuit on Thursday against Fox News, some of the network’s star hosts, including Lou Dobbs, Maria Bartiromo…
Continue ReadingVirtually all of the world’s major automakers are shifting to an all-electric future — and that’s as much about the bottom line as it…
Continue ReadingCryptocurrency dogecoin has an important fan — Elon Musk, who has 45 million followers on Twitter and more money than any other person on the…
Continue ReadingRobinhood CEO Vlad Tenev is not licensed by FINRA, Wall Street’s powerful self-regulator, even though he presides over one of the…
Continue ReadingWhen you post photos of yourself or friends and family online, you may not imagine they could be used to develop facial-recognition systems that can…
Continue ReadingSnail noodles, marinated steaks and huge vats of bubble tea are helping China’s biggest fast food giant get through the coronavirus crisis. Yum…
Continue ReadingDeutsche Bank has made an annual net profit for the first time since 2014 thanks to a bumper year in a business it has scaled back. Germany’s…
Continue ReadingA version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. The prevailing news…
Continue ReadingNetflix has amassed some 200 million subscribers and cemented its status as the king of streaming video. Now it’s looking to run up the score…
Continue ReadingMcKinsey & Company, one of the world’s largest consulting firms, will pay $573 million in a multistate settlement for its work with opioid…
Continue ReadingThe New York Times’ goal of attracting 10 million subscribers by 2025 is very much within reach thanks in part to readers who have flocked to…
Continue ReadingThe private bankers responsible for lending to President Donald Trump and Jared Kushner resigned from Deutsche Bank last year following allegations…
Continue ReadingAnother 779,000 Americans filed for first-time unemployment benefits on a seasonally adjusted basis in the last week of January, the Labor Department…
Continue ReadingA question consumed CNN employees recently: Was the company’s president, Jeff Zucker, going to leave after the presidential inauguration?…
Continue ReadingAs vaccinations pick up speed and Covid-19 cases fall from their recent peak, economic data out of the United States looks increasingly promising.…
Continue ReadingIn 1997, the year Amazon became a publicly traded company, CEO Jeff Bezos promised investors they would be in for a journey. Amazon would not chase…
Continue ReadingAmazon founder Jeff Bezos will transition from CEO to executive chair and pass the reins to Andy Jassy, a 24-year Amazon veteran, later this year,…
Continue ReadingParler CEO John Matze has been terminated by the board of the embattled social media company, according to Parler investor and right-wing commentator…
Continue ReadingMerck CEO Kenneth Frazier, who is currently one of the few Black CEOs of a Fortune 500 company, is retiring in June, ending a nearly 30-year run with…
Continue ReadingRobinhood CEO Vlad Tenev is not licensed by FINRA, Wall Street’s powerful self-regulator, even though he presides over one of the…
Continue ReadingIn 1997, the year Amazon became a publicly traded company, CEO Jeff Bezos promised investors they would be in for a journey. Amazon would not chase…
Continue ReadingRobinhood CEO Vlad Tenev is not licensed by FINRA, Wall Street’s powerful self-regulator, even though he presides over one of the…
Continue ReadingThe private bankers responsible for lending to President Donald Trump and Jared Kushner resigned from Deutsche Bank last year following allegations…
Continue ReadingThe Capitol Hill insurrection and the inauguration of a Democratic president who campaigned on strengthening gun control measures helped the firearms…
Continue ReadingThe recent battle between short-sellers and Reddit’s WallStreetBets crowd over the stocks of a handful of distressed companies has erupted into…
Continue ReadingRobinhood, the stock trading app that helped fuel GameStop mania and ended up in a PR crisis, is running a Super Bowl ad. The 30-second spot, which…
Continue ReadingAfter a pandemic break, Peeps are back in production for Easter. Candy maker Just Born Quality Confections announced Wednesday that the sugary treats…
Continue ReadingNewsmax anchor Bob Sellers repeatedly tried to cut off MyPillow CEO Mike Lindell in an interview Tuesday after the Trump-supporting executive spread…
Continue ReadingLarge grocery chains stopped giving their workers hazard pay for showing up to the job last year. Now, some cities on the West Coast are starting to…
Continue Reading“Jeff is not leaving.” That is what Amazon chief financial officer Brian Olsavsky told analysts on the company’s earnings call…
Continue Reading“Jeff is not leaving.” That is what Amazon chief financial officer Brian Olsavsky told analysts on the company’s earnings call…
Continue ReadingAshley Vanderbilt says her four-year-old daughter Emmerson knew “something was wrong with her mom.” “I wasn’t one hundred…
Continue ReadingFord revealed a redesigned version of its F-150 Raptor high-performance pickup truck Wednesday with a more squared-edged looks and a wider…
Continue ReadingCritics have slammed Tesla for Model 3 quality issues for years. And now CEO Elon Musk is admitting even his harshest critic was right. In early 2018…
Continue ReadingThe pandemic is shining a spotlight on America’s inequality problem, but the nation’s economic playing field was far from level long…
Continue ReadingThe number of Black executives at the very top of the biggest companies on the London Stock Exchange has fallen to zero. There are no Black CEOs,…
Continue ReadingAs China sharpens its antitrust crackdown on the country’s massive tech companies, two of the industry’s biggest players are taking the…
Continue ReadingHedge funds, investment bankers and other institutional investors are desperate to find the next GameStop — before it’s too late.…
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