Bernie Madoff says he’s dying and wants out of prison
Bernard Madoff says he is dying and is asking a judge for compassionate release from prison, where he is serving 150 years for orchestrating the…
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Tesla’s stock falls in a dramatic stumble from its all-time high
Tesla’s Wall Street rally took a sharp U-turn Wednesday. The company’s shares fell as much as 20.6% Wednesday, paring back a meteoric…
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Feds confiscate counterfeit professional sports gear being sold at El Paso’s Fox Plaza
EL PASO, Texas — While most people were sitting down for the big game over the weekend, Homeland Security Investigations – the investigative arm of…
Continue Reading Casper’s IPO is officially a disaster
Casper’s attempt at a public debut is becoming downright embarrassing. The mattress-in-a-box company dramatically slashed its initial public…
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Blackstone CEO pledges to donate the majority of his wealth to charity
Blackstone CEO Stephen Schwarzman committed to giving the majority of his wealth to philanthropy by signing The Giving Pledge on Wednesday. The…
Continue Reading Exxon’s market value has crumbled by $184 billion
ExxonMobil used to have bragging rights as the world’s most valuable public company. Now, America’s largest oil company is in steady…
Continue Reading Goldman Sachs executive permanently banned from working in banking industry
The Federal Reserve Board on Tuesday permanently banned a senior Goldman Sachs executive from working in the banking industry for his role in a…
Continue Reading LinkedIn CEO Jeff Weiner is stepping aside
LinkedIn CEO Jeff Weiner will have to update his profile. He’s stepping down from the role after being at the helm for the professional…
Continue Reading Macy’s just dealt a big blow to the struggling American mall
Hundreds of American malls are struggling. Their troubles just got worse. Macy’s, for decades a reliable anchor tenant for mall owners and a…
Continue Reading Trump rebrands the economic recovery as his alone. It’s not
In last night’s State of the Union address, the President took credit for a strong US economy, claiming he had reversed failed economic…
Continue Reading Nancy Pelosi ripping Donald Trump’s speech may not have been planned, but it was effective
House Speaker Nancy Pelosi’s shredding of President Trump’s State of the Union speech was ripped right from Trump’s playbook. It…
Continue Reading GM posts full-year profit despite the strike
The United Auto Workers union strike at GM was a bit costlier than originally thought, but it wasn’t enough to stop the company from posting a…
Continue Reading Tesla and Ford both make cars. But investors have a clear favorite
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Something…
Continue Reading Cathay Pacific asks workers to take 3 weeks off without pay as the coronavirus decimates travel
Cathay Pacific is asking its 27,000 employees to take three weeks of unpaid leave in the coming months, the latest in a series of emergency measures…
Continue Reading SARS cost global airlines $7 billion. The coronavirus outbreak will likely be much worse
The global airline industry is facing huge financial losses as a growing number of carriers cancel flights to China because of the coronavirus…
Continue Reading Disney could take a $280 million hit from its Chinese parks because of the coronavirus and protests
Disney has warned that profits from its parks in China could drop by $280 million in the current quarter, due to shutdowns caused by the coronavirus…
Continue Reading Asian markets are higher, but the coronavirus still looms over businesses
Asian markets are continuing to recover after being shaken by coronavirus fears. China’s Shanghai Composite Index rose 1.3% Wednesday, building…
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City Council approves agreement allowing for sale of El Paso Electric
EL PASO, Texas — Despite opposition voiced over several hours by some in the community at Tuesday’s meeting, El Paso City Council gave it’s approval…
Continue Reading Disney+ has already scored 28.6 million subscribers since launch
Disney+ has brought in nearly 30 million subscribers since its launch in November, the company reported on Tuesday. The company’s new streaming…
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Macy’s to close 125 stores, future of El Paso store unclear
NEW YORK, NY — Macy’s said Tuesday it is closing 125 of its least productive stores and cutting 2,000 corporate jobs as the struggling…
Continue Reading Whoopi Goldberg’s cannabis company has shut down
Whoopi & Maya, the medical cannabis company co-founded by Whoopi Goldberg, is closing up shop, according to a statement posted on its website. In…
Continue Reading Best Buy decides to keep its CEO following misconduct investigation
Best Buy’s CEO Corie Barry will keep her job after the board investigated misconduct allegations against her. The investigation has concluded,…
Continue Reading American, Delta and United airlines suspend most US- China flights amid coronavirus outbreak
Three of the largest US airlines — Delta, American and United — have canceled more flights between the United States and China because of…
Continue Reading Macy’s will close 125 stores in the next three years
Macy’s said Tuesday that it will close 125 stores over the next three years, nearly one fifth of its total locations, in another blow to…
Continue Reading Snap’s stock plunges 12% as its turnaround hits a speed bump
Once written off as doomed just a few years ago, Snapchat is now consistently adding users and growing its business in a highly competitive market.…
Continue Reading Ford’s 2019 profits wiped out by a tough fourth quarter
Ford disappointed investors with a fourth quarter loss that essentially wiped out its profit for 2019. Its CEO said the company needs to do better.…
Continue Reading The New York Times increases digital subscription price for the first time
The New York Times will raise the price of its digital subscription from $15 every four weeks to $17, its first ever price bump. The 13% increase…
Continue Reading Why the Dow rallied 400 points in middle of a global health crisis
The rebound in US stocks continued on Tuesday with the Dow finishing 400 points higher. US markets have been resilient this week in the face of the…
Continue Reading Cards Against Humanity has bought comedy website ClickHole
Cards Against Humanity is buying ClickHole and handing ownership of the comedy website over to its employees. The card game company paid…
Continue Reading Hollywood is more diverse than ever. So why are the Oscars still so white?
When the Academy of Motion Picture Arts and Sciences failed to nominate even one person of color for an Oscar for the second year in a row in January…
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