The British pound has been riding high. An election surprise could send it crashing
Investors are betting that Prime Minister Boris Johnson will sweep to victory in Thursday’s election. If he doesn’t, the pound and UK…
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Chevron takes a $10 billion hit from cheap oil and gas prices
America’s abundance of crude oil and natural gas is forcing Chevron to slash the value of its energy portfolio. Chevron announced Wednesday it…
Continue Reading One of Germany’s top carriers wants Huawei to help build its 5G network
Telefonica Germany says it plans to use Huawei equipment in its 5G network, enlisting the Chinese company even as a debate rages over whether its…
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Why the Trump economy could keep the Dow rising in 2020
Trade jitters have taken financial markets on a wild ride this year, putting some cracks in the global economy. But stocks still kept hitting record…
Continue Reading Fox Nation host Britt McHenry files sexual harassment lawsuit against Fox News
Britt McHenry, a host on Fox News’ streaming service, Fox Nation, filed a sexual harassment lawsuit on Tuesday against the network and one of…
Continue Reading YouTube unveils a stricter harassment policy. Now the company just has to enforce it
After months of promising to reexamine how it handles harassment on its platform, YouTube has unveiled an update to its policy. On Wednesday, the…
Continue Reading Amazon has 5 days to save its big bet on UK food delivery
Amazon’s play for the UK food delivery market is in doubt after Britain’s competition regulator said the company’s planned…
Continue Reading Facebook promised transparency on political ads. Its system crashed days before the UK election
Tens of thousands of political ads went missing from Facebook’s archive this week, according to researchers, just days before voters go to the…
Continue Reading Saudi Aramco shares spike after historic market debut
Saudi Aramco shares increased 10% when they began trading on Wednesday, capping a stock market debut that shattered records but failed to achieve the…
Continue Reading A real estate company surprised employees with $10 million in bonuses at a holiday party
When a Maryland real estate company handed out red envelopes to employees during the annual holiday party on Saturday, no one knew what to expect. So…
Continue Reading Why the Fed is about to become a ‘sideshow’
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 19 CEOs who quit or were fired in 2019
The CEO position was more volatile than ever in 2019. A record number of chief executives left their positions this year, according to a report from…
Continue Reading The number of journalists jailed for their work is near record highs
At least 250 journalists were in jail in relation to their work as of December 1, nonprofit group the Committee to Protect Journalists said…
Continue Reading Schumer calls out Trump’s ‘fictions’ and Fox’s ‘known liars’
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Senate Minority…
Continue Reading Asian stocks struggle for direction without more progress on a US-China trade deal
Stocks in Asia struggled for direction Wednesday as investors received mixed signals ahead of another round of US tariffs on Chinese goods expected…
Continue Reading Here’s why the Fed may not be done cutting rates
The Federal Reserve will leave interest rates where they are when it meets Wednesday. With traders pricing in a nearly 98% chance that rates will…
Continue Reading Luggage startup Away’s CEO is stepping down
Luggage startup Away confirmed Monday that co-founder Steph Korey would be stepping down from her role as CEO following a scathing report into the…
Continue Reading Apple’s new Mac Pro could cost you more than $52,000
Apple’s new Mac Pro is about to go on sale. The top-of-the-line Mac, anticipated by power users for its jaw-dropping specs, and by Apple design…
Continue Reading Verizon Media plans to lay off 150 people this week
Verizon Media Group is laying off 150 staffers this week, which means the telecom company’s 2019 is ending much in the same way it started.…
Continue Reading Trade has put markets in a chokehold
The US stock market cared about only one thing this year: trade. So why were stocks so calm Tuesday following headlines about tariff delays and the…
Continue Reading The dirtiest UK election ever? Here are some of the lowest moments of the campaign
Dirty tricks are as much a feature of elections as a campaign button. But this year’s UK election has seen troubling levels of disinformation…
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Court clears ExxonMobil of misleading investors about cost of climate change
A New York judge Tuesday ruled that ExxonMobil did not mislead investors about how it accounted for the cost of climate change regulations. The suit,…
Continue Reading Jeremy Corbyn will nationalize UK utilities in 100 days. ‘Simply huge’ changes loom if Labour wins the election
Whoever wins this week’s UK election, there’s more at stake for businesses and investors than at any time since the 1970s — and…
Continue Reading Why Netflix may need to cut prices and run ads
Netflix executives have repeatedly said the company will not run ads to generate more revenue. But with competition getting more intense, one Wall…
Continue Reading Why you won’t fly on a 737 Max again for quite some time
Nobody knows for sure when Boeing will be able to secure approval to return the 737 Max to the skies. What’s certain is no passengers will fly…
Continue Reading Suspected Russian hand in UK election serves as warning to US for 2020
Leaked documents, provenance unknown, that seem to cast a political party in a negative light, appear online at a critical moment in an election…
Continue Reading CVS faces a $3.6 million penalty for failing to redeem recyclable containers in California
California is slapping CVS with a $3.6 million fine for not following state recycling laws. The action penalizes CVS Health Corp. for failing to…
Continue Reading Magic Leap is pitching its AR headset to businesses — just like Microsoft
More than a year since releasing its first augmented reality headset to developers, Magic Leap is now wooing companies with new enterprise-geared…
Continue Reading Facebook clashes with Justice Department over encryption
Facebook is resisting calls by Attorney General William Barr to delay the company’s rollout of encryption technology across its platforms,…
Continue Reading Why the Washington Post’s Afghanistan investigation is such a big deal
The Washington Post’s publication of US government papers about the 18-year-long Afghan war is being compared to the Vietnam-era Pentagon…
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