Invest like Warren Buffett — Is this value’s time to finally shine?
Is the market’s love affair with Big Tech finally coming to an end? That might be a stretch. But there’s a growing chorus on Wall Street…
Continue ReadingBiz/Tech
Huawei’s smartphone sales and 5G business stay strong despite US hostility
Huawei says business is still booming despite the US campaign against the Chinese tech company. The Shenzhen-based company reported Wednesday that it…
Continue Reading 2020 Democratic candidates slam Big Tech
A string of Democratic presidential candidates slammed the tech industry Tuesday night as they debated Silicon Valley’s effects on competition…
Continue Reading It’s a tough time to be a bank, but Bank of America is finding ways to grow
Bank of America’s business withstood the slowing economy and tricky interest rate environment better than feared. The nation’s…
Continue Reading Two of Las Vegas’ most famous hotels are under new ownership
MGM Resorts is offloading two well-known Las Vegas casinos in separate deals that total nearly $5 billion. The gaming company said Tuesday it’s…
Continue Reading Twitter explains why it hasn’t suspended Trump’s account
Twitter will continue to take a forgiving approach to objectionable tweets by world leaders, arguing that their messages are often of public…
Continue Reading This video game company made one game for a decade. Now it’s ready to make five more
For 10 years, video game company Riot Games has been riding the success of a single title: “League of Legends.” Now it’s finally…
Continue Reading Europe deploys new weapon in its antitrust fight with Big Tech
Europe has escalated its crackdown on anti-competitive behavior by US tech companies, taking the rare step of ordering chipmaker Broadcom to halt…
Continue Reading Charles Schwab talks about the zero-commission brokerage wars
If you are still paying any commission to trade stocks online then you’re paying too much. The discount brokerage business, in the span of…
Continue Reading This is a ‘make or break quarter’ for Netflix
Happy Wednesday. A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right…
Continue Reading China’s answer to the Nasdaq might be starting to fizzle
China’s latest attempt to create a Nasdaq-style stock market appears to be running into trouble just three months in. The Shanghai Stock…
Continue Reading Dumplings without pork? Swine fever is hitting Chinese consumers
African swine fever has ravaged China’s pig population, and the country’s consumers are feeling the pain. Some are even switching to…
Continue Reading Asian stocks open mixed as trade optimism fades
Optimism is fading over last week’s tentative trade truce between the United States and China. Asian stocks were mixed Tuesday. Hong…
Continue Reading Asian markets move higher after Wall Street gains
Asian stocks moved higher on Wednesday, following Wall Street’s gains overnight. But Hong Kong markets wavered a bit as tensions continue to…
Continue Reading Yet another company has been hit by a ransomware attack
Hackers have struck again with yet another ransomware attack. This time the victim was Pitney Bowes, a technology company based out of Stamford,…
Continue Reading ProPublica and Texas Tribune joining forces to create new investigative unit
ProPublica is widely thought to be the gold standard of nonprofit investigative journalism. And The Texas Tribune has the same reputation on the…
Continue Reading Kevin Feige is now the center of Marvel’s universe as chief creative officer
Kevin Feige‘s Marvel universe is about to get even bigger. The Marvel Studios president is adding the title of chief creative officer to his…
Continue Reading Creditors are challenging Puerto Rico’s financial oversight board. But the Supreme Court seems skeptical
Puerto Rico’s financial oversight board might live to guard the island’s restructuring for another day. During Supreme Court arguments…
Continue Reading Sears’ future is still in doubt a year after bankruptcy filing
Sears filed for bankruptcy a year ago today. And while the company used the process to shed debt, get out of store leases it didn’t want and…
Continue Reading Dow pops 237 points on blockbuster earnings
Wall Street celebrated on Tuesday after the latest results from corporate America suggested maybe the sky isn’t falling after all. Blockbuster…
Continue Reading GM CEO meets with UAW negotiators, another sign of progress ahead of union leadership meeting
The end could be on the horizon for the United Auto Workers union’s four-week long strike against General Motors. GM CEO Mary Barra met with…
Continue Reading Self-driving scooters are coming to city sidewalks
Google has met few daring ideas it doesn’t like. But three years ago, the idea of a self-driving bicycle was just too much. It mocked the…
Continue Reading Wells Fargo takes $1.6 billion hit linked to fake-account scandal
Wells Fargo’s fake-account scandal continues to haunt the big bank, exacerbating headaches caused by shrinking interest rates. Wells Fargo…
Continue Reading Consumers are still spending, says JPMorgan Chase CEO Jamie Dimon
Consumers are still spending, according to JPMorgan Chase CEO Jamie Dimon. But Dimon added that the US trade war with China is weighing on corporate…
Continue Reading Monday was supposed to be a big day for Facebook’s Libra. Instead, it lost another partner
Monday was supposed to be an exciting day for Libra. Its governance organization, the Libra Association, held an inaugural meeting to select members…
Continue Reading Gymboree is being revived in early 2020
Gymboree is being revived just several months after it went bankrupt. Former rival retailer The Children’s Place announced Tuesday that…
Continue Reading AMC Theatres enters the streaming market with on demand service
AMC Theatres, the largest movie theater chain in the world, is getting into streaming. The company is launching AMC Theatres On Demand, a digital…
Continue Reading Fortnite is back online with a new chapter after two-day hiatus
The nightmare for gamers is over: Fortnite is back online with a new chapter. The hugely popular video game came back online Tuesday after a two-day…
Continue Reading Ronan Farrow says National Enquirer shredded Trump-related documents
According to Ronan Farrow’s new book, The National Enquirer’s top editor directed staffers to shred documents when the Wall Street…
Continue Reading Hyundai is investing $35 billion in autonomous driving and electric cars
Hyundai does not intend to be left behind in the high-stakes race to build mass-market electric and self-driving cars. South Korea’s largest…
Continue Reading