The strange reason Tesla, Beyond Meat and Peloton are soaring
Several of this year’s hottest stocks have something in common: Investors believe they are overvalued, and are betting that their share prices…
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Kobe Bryant memorabilia is selling for up to $3 million on eBay
Demand for Kobe Bryant merchandise reached a fever pitch almost immediately after the legendary Laker perished in a helicopter crash Sunday along…
Continue Reading Apple, more than most companies, stands to lose from the coronavirus outbreak
Dozens of American companies are scrambling to combat the spread of coronavirus and stem losses from the outbreak. But Apple, perhaps, stands to lose…
Continue Reading Delta will ditch the uniforms many employees call ‘toxic’
Delta Air Lines plans to replace the uniforms that hundreds of its employees complain are causing health problems. The uniforms, worn by…
Continue Reading Sweethearts will leave you speechless this Valentine’s Day. A broken printer means some won’t have words
If you’re giving out Sweethearts this Valentine’s Day, odds are you’ll leave your sweetheart speechless. That’s because many…
Continue Reading Verizon falls as Disney+ subscriber boost comes at a cost
Good news for Verizon. A lot of people took advantage of the company’s offer of free Disney+ for a year so they could get their Baby Yoda fix.…
Continue Reading Cruise stocks drop as 7,000 are held on ship in Italy
Cruise stocks fell Thursday amid revelations that 7,000 people are being held on a cruise in Italy after a passenger showed symptoms of the Wuhan…
Continue Reading Are American factories in trouble? That depends on how you look at it
America’s manufacturing sector is in a recession. But that is only part of the story. The industry has expanded by virtually every metric over…
Continue Reading New Barbie collection celebrates the importance of wellness and self-care
Even Barbie needs to take a little time for herself. A new line of Barbie dolls hopes to introduce girls to the benefits of wellness and self-care,…
Continue Reading Microsoft earnings up as cloud business continues its expansion
Microsoft reported better-than-expected earnings and revenue for the three months ending in December, easily beating analysts’ estimates and…
Continue Reading Apple posts record quarter as iPhone sales make a comeback
It appears iPhone sales really are on the mend. Apple posted record earnings for the last three months of 2019 on the back of the iPhone’s…
Continue Reading PlayStation’s streaming service Vue is shutting down
Thursday marks the final day of PlayStation Vue’s existence. Beginning Friday, its users will have to search for a new way to stream their…
Continue Reading Altria takes another $4.1 billion charge on its Juul investment
E-cigarettes were supposed to help Altria diversify beyond tobacco but its investment in Juul has turned into a recurring nightmare. Altria, which…
Continue Reading Europe wants one charger that works for every device
Europe wants one charger to rule them all. The European Parliament on Thursday overwhelmingly passed a resolution calling on the bloc’s…
Continue Reading Tesla posts first annual profit
Tesla posted its first annual profit, easily topping Wall Street’s forecasts in the final three months of 2019. Tesla has had only a handful of…
Continue Reading America’s economy grew at its weakest pace since Trump took office
The US economy in 2019 grew at its slowest pace in three years, according to preliminary data from the Commerce Department. The economy expanded by…
Continue Reading Kobe Bryant leaves behind a business empire that stretched beyond the basketball court
Kobe Bryant’s legacy extends beyond his time on the basketball court. He was also known to the business world as a brand-builder; an investor;…
Continue Reading Uber is retooling its app for California drivers. Lyft isn’t
In response to a new California law that took effect at the start of this year and has the potential to upend numerous on-demand companies, Uber has…
Continue Reading Church of England backs climate-friendly stock index that excludes BP and Exxon Mobil
The Church of England is investing £600 million ($780 million) in a new stock market index packed with companies that are aligned with the goals of…
Continue Reading Ikea shuts down all mainland China stores over coronavirus
Ikea is shutting down all of its stores across China as the deadly Wuhan coronavirus outbreak escalates. The furniture store will “temporarily…
Continue Reading Wanted: 3 men accused of helping Carlos Ghosn escape Japan in a case
Japan has issued arrest warrants for Carlos Ghosn and three “collaborators” accused of helping the former auto industry titan escape from…
Continue Reading Fed keeps rates steady, but ‘carefully monitoring’ coronavirus and global risks
The Federal Reserve on Wednesday held interest rates steady despite renewed pressure from President Donald Trump to make deeper cuts. Policymakers…
Continue Reading ABC News suspends reporter Matt Gutman over inaccurate statement on Kobe Bryant’s crash
ABC News has suspended Matt Gutman, chief national correspondent, for an inaccurate statement he made on-air Sunday following the death of Kobe…
Continue Reading Wall Street is falling deeper in love with Tesla
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. It’s a…
Continue Reading The Hang Seng is down 5% in two days and the yuan is slumping as the coronavirus spreads
Hong Kong’s main stock index has fallen 5% in two days as the rising number of coronavirus cases creates uncertainty for the global economy.…
Continue Reading Samsung’s profits are down again, but the turnaround may be near
Samsung’s profits are still flagging — but the company says things are finally looking up. The tech giant reported Thursday that operating…
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Controversial El Paso businessman ‘Billy’ Abraham arrested for drunk driving, again
EL PASO, Texas — A well-known and controversial El Paso businessman is in trouble with the law once again. William “Billy” Abraham was arrested…
Continue Reading Tesla Model 3 production delayed in Shanghai because of coronavirus outbreak
Elon Musk’s Tesla factory in China just got up and running. Now its vehicle production there will be delayed because of the deadly Wuhan virus…
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Trump signs new North America trade agreement, a major rewrite of trade rules with Canada and Mexico
WASHINGTON, DC — President Donald Trump on Wednesday signed into law a major rewrite of the rules of trade with Canada and Mexico that he said…
Continue Reading ‘Daunting news agenda’: Several major stories to unfold in week ahead
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Prepare to hit warp…
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