Wall Street’s UFO sighting: More to space stocks than Virgin Galactic
Richard Branson’s Virgin Galactic has been on a tear this year. The stock is up 200% so far in 2020 and even rallied Monday as the Dow…
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Donald Trump’s administration might have just had its ‘Mission Accomplished’ moment with coronavirus
Donald Trump’s administration might have just had its “Mission Accomplished” moment. It began in India before the stock market…
Continue Reading Big Tech’s honeymoon with the world’s second-largest internet market is ending
In the 2010s, India’s internet exploded. More than half a billion Indians came online in the 10 years to September 2019, according to the…
Continue Reading Wendy’s breakfast is starting to roll out
Wendy’s fans eagerly anticipating the Breakfast Baconator can get it sooner than expected. The company confirmed that several markets have…
Continue Reading Coronavirus jitters: Chevron tells employees at London office to work from home
Chevron instructed its workers at its London office to work from home Tuesday after an employee experiencing flu-like symptoms was tested for…
Continue Reading Danone and Diageo warnings show the food and beverage industry can’t escape coronavirus
Food and drink giants Danone and Diageo are the latest companies to warn that the coronavirus outbreak will cost them millions of dollars in sales…
Continue Reading Chipotle is upgrading its queso — again
After years of tinkering, Chipotle is confident it’s finally found the right queso recipe. The chain first added the melted cheese dip to the…
Continue Reading Bob Iger steps down as Disney CEO. Bob Chapek replaces him
The man who may be the second most-important person in the history of Disney, behind only Walt himself, is stepping down. Bob Iger has stepped down…
Continue Reading Stock markets are still in ‘fear mode’
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. The global…
Continue Reading Dow tumbles nearly 900 points as coronavirus fears continue
US markets plummeted for the second straight day Tuesday, adding to Monday’s sharp losses as news about the spread of coronavirus gripped…
Continue Reading GE’s headcount has plunged by 108,000 in just two years
It’s not just General Electric’s share price, dividend and bottom line that have contracted. GE’s once-sprawling workforce is also…
Continue Reading Biotech company Moderna says its coronavirus vaccine is ready for first tests
US biotech firm Moderna has shipped an experimental coronavirus vaccine to US government researchers just six weeks after it started working on the…
Continue Reading Hong Kong is giving 7 million people $1,200 in cash to boost its recession-hit economy
Hong Kong is handing most of its residents a pile of cash to spend as it tries to save its slumping economy from the aftermath of protests and the…
Continue Reading Uber Eats head steps down as company focuses on making meal deliveries profitable
Uber Eats is getting a new boss as the company works to continue growing its meal delivery service without bleeding as much money. Jason Droege, the…
Continue Reading Grab lands $850 million to pump into financial services
Ride hailing company Grab just secured nearly $1 billion to help achieve its super app ambitions. The Singapore start up is getting an $850 million…
Continue Reading Who is Bob Chapek, Disney’s new CEO?
Bob Chapek now has the keys to the whole Disney empire -— not just the Magic Kingdom. The company named Chapek, previously the head of its Parks…
Continue Reading Disney became a giant under Bob Iger. The question is if he can be replaced
Bob Iger gradually built the Walt Disney Co. into the juggernaut that it is today -— one acquisition and expansion at a time — fueling the…
Continue Reading Tesla and regulators need to do more to prevent Autopilot deaths, safety agency says
The National Transportation Safety Board called for Tesla, regulators and others to improve the safety of automated driving technologies. The…
Continue Reading Virgin Galactic shares fall after it posts further losses
Virgin Galactic, the ambitious space tourism startup founded by British entrepreneur Richard Branson, posted a net loss of $73 million for the fourth…
Continue Reading McDonald’s is auctioning off a ‘Golden Shamrock Shake’ cup said to be worth $90,000
If you’re not trying to get pinched this St. Patrick’s Day, one of McDonald’s limited-time green Shamrock Shakes might come in…
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Dow closes down over 800 points day after 1,000-point loss
NEW YORK, NY — Stocks slumped again on Wall Street Tuesday, piling on losses a day after the market’s biggest drop in two years as fears spread that…
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Gadsden schools computer network is latest hit by ransomware attack
GADSDEN, New Mexico — The Gadsden Independent School District’s computer network has been attacked by a ransomware virus that has shutdown the…
Continue Reading Investors are running for cover. Can stocks bounce back?
It’s a reckoning in global markets. Investors had been too sanguine on the risk for the coronavirus to dent global growth. Faced with new cases…
Continue Reading Jamie Dimon had a dream that coronavirus killed Davos attendees
JPMorgan Chase CEO Jamie Dimon made a joke Tuesday about the deadly coronavirus outbreak. “I had this nightmare that somehow in Davos, all of…
Continue Reading Here’s how a new labor rule could make things tougher for millions of employees
A new rule from the National Labor Relations Board could limit the responsibility of franchise operators, such as McDonald’s, for the millions…
Continue Reading Apple Watches and iPhones could be used to detect a leading cause of strokes
Apple is partnering with Johnson & Johnson to reduce the risk of strokes in senior citizens. J&J and Apple announced Tuesday that US citizens…
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Santa Teresa port officials offer optimistic trade forecast with Mexico
SANTA TERESA, New Mexico — Border trade leaders are expressing optimism for the 2020 trade forecast with Mexico — especially at the busy Santa…
Continue Reading The coronavirus is still rattling markets around the world
Fears about the novel coronavirus outbreak are still roiling global markets. While some stock indexes in Asia rebounded Tuesday after a very rough…
Continue Reading Natural grocery stores are at risk as organic goes mainstream
In the span of just eight days, two natural and organic grocery chains filed for bankruptcy. The one-two-punch of insolvencies at Lucky’s…
Continue Reading These startups raised billions and then laid off thousands. Workers are shocked and frustrated
Just a few months ago, discount hotel chain OYO seemed unstoppable. The India-based startup touted plans for global expansion and saw its valuation…
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