Oil is in a tailspin over the coronavirus and OPEC might not be coming to the rescue
The rapidly-spreading coronavirus in China poses the biggest demand threat to the oil market since the 2008 financial crisis. Yet OPEC and Russia…
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The agony and ecstasy of being forced to give up our phones at Broadway shows and concerts
Perhaps the one great equalizer left in the world is when everyone in an audience, Anna Wintour included, is forced to hand over their phones and…
Continue Reading Tesla’s stock is a phenomenon. Here’s why it’s not in the S&P 500
With the recent stock-price surge, Tesla has become one of the most valuable companies in the United States. But it’s still missing from the…
Continue Reading Boeing was already hobbled in China. Now Airbus might be too
Boeing was already hamstrung in China by the 737 Max crisis. Now, the coronavirus outbreak has sidelined its biggest rival. The Airbus plant in…
Continue Reading Google Maps is getting a new look
Google is giving its popular Maps app a redesign and new features for its 15th birthday. The tweaks to the app, announced in a blog post Thursday,…
Continue Reading Barnes & Noble cancels plan to put people of color on the covers of classic books after backlash
Barnes & Noble says it is canceling a Black History Month event at its flagship New York store and suspending plans to release a series of…
Continue Reading New York Times added more than 1 million digital subscribers in 2019
The New York Times broke records with digital subscriptions in 2019, but advertising revenue fell in the last three months of the year compared to…
Continue Reading Investors are shrugging off coronavirus. Businesses aren’t
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Global stocks…
Continue Reading Health care stocks could suffer this year. Here’s why
Big health care companies will undoubtedly be political punching bags during the 2020 presidential campaign, as candidates all seem to have their own…
Continue Reading The Aflac duck is 20 years old. Here’s how he’s changed the insurance world
Insurance is boring. You have it because you need it, not because you want it. So it’s amazing to think that insurance ads are among the most…
Continue Reading NYSE owner says it is not buying eBay
Shares of eBay soared Tuesday after rumors swirled on Wall Street that the company synonymous with Wall Street, New York Stock Exchange owner…
Continue Reading Nike, Adidas and Versace: More big brands are being hit by the coronavirus
Faced with shuttered stores and empty streets, big consumer brands and fashion houses are getting nervous about the impact of the coronavirus on…
Continue Reading China halves tariffs on $75 billion worth of US goods, as coronavirus outbreak escalates
China announced on Thursday that it will halve additional tariffs on $75 billion worth of US imports, as the world’s two largest economies…
Continue Reading Asian markets rise, but the coronavirus outbreak isn’t over
The market recovery is underway in Asia, even as the coronavirus outbreak continues to escalate. Japan’s Nikkei 225 advanced 2.4% on Thursday,…
Continue Reading Right-wing media condemn Mitt Romney after GOP senator casts vote to convict Trump
Like everyone else, I expected the Senate’s impeachment trial of President Trump to end with a whimper. But then came one loud bang: Mitt…
Continue Reading The company that owns Pizza Hut and KFC in China is warning that coronavirus will hurt business
Yum China, which operates KFC, Taco Bell and Pizza Hut in the country, warned that the deadly coronavirus will hurt its business this year. “As…
Continue Reading Cosmopolitan cancels its digital cover with ‘Bachelor’ contestant Victoria Fuller after discovering she modeled a ‘White Lives Matter’ slogan
Cosmopolitan magazine nixed its planned “The Bachelor” cover, after learning contestant Victoria Fuller previously modeled clothing with…
Continue Reading Qualcomm warns that ‘uncertainty’ about coronavirus could hit the smartphone industry
The world’s biggest maker of smartphone chips and modems is warning that the coronavirus could disrupt the global mobile industry. Qualcomm…
Continue Reading Bernie Madoff says he’s dying and wants out of prison
Bernard Madoff says he is dying and is asking a judge for compassionate release from prison, where he is serving 150 years for orchestrating the…
Continue Reading Tesla’s stock falls in a dramatic stumble from its all-time high
Tesla’s Wall Street rally took a sharp U-turn Wednesday. The company’s shares fell as much as 20.6% Wednesday, paring back a meteoric…
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Feds confiscate counterfeit professional sports gear being sold at El Paso’s Fox Plaza
EL PASO, Texas — While most people were sitting down for the big game over the weekend, Homeland Security Investigations – the investigative arm of…
Continue Reading Casper’s IPO is officially a disaster
Casper’s attempt at a public debut is becoming downright embarrassing. The mattress-in-a-box company dramatically slashed its initial public…
Continue Reading Blackstone CEO pledges to donate the majority of his wealth to charity
Blackstone CEO Stephen Schwarzman committed to giving the majority of his wealth to philanthropy by signing The Giving Pledge on Wednesday. The…
Continue Reading Exxon’s market value has crumbled by $184 billion
ExxonMobil used to have bragging rights as the world’s most valuable public company. Now, America’s largest oil company is in steady…
Continue Reading Goldman Sachs executive permanently banned from working in banking industry
The Federal Reserve Board on Tuesday permanently banned a senior Goldman Sachs executive from working in the banking industry for his role in a…
Continue Reading LinkedIn CEO Jeff Weiner is stepping aside
LinkedIn CEO Jeff Weiner will have to update his profile. He’s stepping down from the role after being at the helm for the professional…
Continue Reading Macy’s just dealt a big blow to the struggling American mall
Hundreds of American malls are struggling. Their troubles just got worse. Macy’s, for decades a reliable anchor tenant for mall owners and a…
Continue Reading Trump rebrands the economic recovery as his alone. It’s not
In last night’s State of the Union address, the President took credit for a strong US economy, claiming he had reversed failed economic…
Continue Reading Nancy Pelosi ripping Donald Trump’s speech may not have been planned, but it was effective
House Speaker Nancy Pelosi’s shredding of President Trump’s State of the Union speech was ripped right from Trump’s playbook. It…
Continue Reading GM posts full-year profit despite the strike
The United Auto Workers union strike at GM was a bit costlier than originally thought, but it wasn’t enough to stop the company from posting a…
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