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…
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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…
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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 American Airlines suspends change fees for canceled trips
In another sign of cratering travel demand, American Airlines is suspending the fees it charges to change or cancel a flight. Although American…
Continue Reading Jack Welch, former GE CEO, is dead
Jack Welch, who led General Electric through 20 years of its greatest financial success, has died. He was 84. Welch became CEO of GE in 1981 and led…
Continue Reading American Airlines employees are wearing new uniforms
American Airlines is debuting new uniforms for 50,000 of its front-line employees, replacing its previous collection that some employees said…
Continue Reading Wendy’s breakfast menu launches today, so it’s giving away free sandwiches
Wendy’s has entered the free breakfast wars. To celebrate the launch of its new breakfast menu, the fast-food chain is giving away a free Honey…
Continue Reading Coronavirus anxiety is devastating Chinese businesses in New York City
Coronavirus panic continues to pummel the Chinese business sector in New York City as fear of the deadly disease drives people away from east Asian…
Continue Reading The travel industry is suffering its worst shock since 9/11 because of coronavirus
It’s one of the largest industries in the world, with $5.7 trillion in revenue. It is responsible for an estimated 319 million jobs, or roughly…
Continue Reading Coronavirus is helping Netflix, Amazon and other ‘stay at home’ stocks
The coronavirus outbreak has led to worldwide travel restrictions, and a growing number of people are being encouraged to work from home. The stocks…
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