Dow futures climb 500 points after Biden scores big wins on Super Tuesday
US stock futures jumped higher as Joe Biden scored big wins on Super Tuesday, resurrecting his campaign and emerging as Sen. Bernie Sanders’…
Continue ReadingBiz/Tech
JPMorgan tests coronavirus preparations by asking thousands of employees to work from home
JPMorgan Chase is bracing for the coronavirus outbreak by asking thousands of its employees to work from home for a day to test contingency plans, a…
Continue Reading Facebook backs out of SXSW over coronavirus fears
Facebook will skip one of the tech industry’s biggest annual events as companies restrict travel over fears about the novel coronavirus. The…
Continue Reading Former CNN anchor Bobbie Battista has died at 67
Former CNN anchor Bobbie Battista has passed away at the age of 67, according to a family spokeswoman. Battista died on Tuesday morning after a…
Continue Reading Google cancels its biggest annual event over coronavirus fears
Google is canceling its biggest event of the year because of concerns about the coronavirus. The 2020 edition of Google I/O, an annual developer…
Continue Reading Dow drops nearly 800 points after the Fed’s surprising news about the economy
Stocks went on a wild ride Tuesday after the Federal Reserve slashed interest rates by a half-point to help insulate the US economy from the global…
Continue Reading The central bank cavalry is coming. Is it enough?
After the most brutal week for investors since the Great Recession, stocks soared Monday on the hope central banks will ride to the rescue. The…
Continue Reading Federal Reserve announces first emergency rate cut since the financial crisis
The Federal Reserve slashed interest rates by half a percentage point on Tuesday, a bold attempt to give the US economy a jolt in the face of…
Continue Reading Microsoft scores a touchdown with NFL deal for Teams
Football coaches pacing the sidelines while clutching a Microsoft Surface tablet have been a familiar sight ever since the NFL and Microsoft…
Continue Reading NBC is insured if the Olympics are canceled
One of the biggest unanswered questions about the coronavirus outbreak is how it might affect the 2020 Olympic games in Tokyo this summer. Brian…
Continue Reading The Fed just hit the coronavirus panic button
The stock market — and President Trump — really wanted the Federal Reserve to cut interest rates as soon as possible because of concerns…
Continue Reading The 10-year Treasury yield just dropped below 1% for the first time in history
The 10-year Treasury bond yield dropped below 1% for the first time in history on Tuesday, as investors grew increasingly worried about the novel…
Continue Reading On the day the stock market gained $1.1 trillion, Robinhood went down for 17 hours
Robinhood, the free stock-trading app, crashed on the worst day possible. Stocks rallied Monday with the Dow logging its biggest point gain in…
Continue Reading Surprise US rate cut could be start of G7 action over the coronavirus
An interest rate cut by the US Federal Reserve on Tuesday could be followed by similar action in other leading economies around the world to limit…
Continue Reading John Bolton’s book has been delayed until May due to White House review
The publication of John Bolton’s book about his time working for President Trump, “The Room Where It Happened,” has been pushed…
Continue Reading Market mayhem exposes fears about oil companies
The coronavirus crisis is casting an even darker shadow over the reeling oil industry. Oil prices have plunged into yet another bear market in…
Continue Reading ‘Shark Tank’ judge Barbara Corcoran gets her $400,000 back from scammers
“Shark Tank” judge Barbara Corcoran is “thrilled” about getting back nearly $400,000 after it was stolen in an elaborate…
Continue Reading Americans are panic shopping for hand sanitizer and face masks
Americans across the country are stocking up on hand sanitizer, cleaning wipes, toilet paper and other products to prepare for the spread of…
Continue Reading Markets are swinging wildly. Here’s what you need to know
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Investors…
Continue Reading Uber, Lyft warn drivers about coronavirus, but offer no paid sick days
Sanitizers at driver service locations. Reminders not to discriminate against passengers of any kind. But no paid sick days. This is the gig economy…
Continue Reading Foxconn expects iPhone production to return to normal this month
Foxconn, the main assembler of Apple products such as the iPhone and iPad, expects to resume normal production by the end of the month after the…
Continue Reading Chris Matthews retires from MSNBC after string of recent controversies
Chris Matthews, one of America’s best-known political talk show hosts, is retiring from MSNBC, effective immediately, after a string of recent…
Continue Reading Joe Biden sees an ‘earned media tsunami’ after a night of endorsements
A version of this article first appeared in the “Reliable Sources” newsletter. “UNITE OR FIGHT?” was one of the banner…
Continue Reading Self-driving car company Waymo raises $2.25 billion in first external round of funding
Waymo, the self-driving arm of Google’s parent company Alphabet, announced Monday that it has raised $2.25 billion in its first external round…
Continue Reading
Dow surges on hopes for central bank help to brunt coronavirus impact
NEW YORK — The Dow Jones surged more than 1,200 points Monday on hopes that central banks will act to shelter global economy from coronavirus. The…
Continue Reading Dow rallies 1,294 points, most in its history
US stocks rebounded sharply on Monday, with the Dow logging its biggest point gain in history. Stocks are coming off their worst week since the 2008…
Continue Reading Rothy’s has new idea for ocean plastic waste: handbags
Rothy’s iconic women’s flat shoes are knitted from a single continuous yarn derived from recycled plastic water bottles. Now…
Continue Reading Apple will pay up to $500 million to settle lawsuit over slowing down older iPhones
Apple will pay up to half a billion dollars to settle a class action lawsuit accusing it of slowing down older iPhone models to compel users to buy…
Continue Reading Deals have dried up in cannabis, but that may be starting to change
When the bottom fell out for public cannabis companies last summer, appetite for acquisitions quickly soured. Signs are emerging that dealmaking…
Continue Reading Amazon deleted 1 million items for price gouging or false advertising about coronavirus
Amazon says it has pulled more than 1 million products for price gouging or falsely advertising effectiveness against the coronavirus. The company…
Continue Reading