China could spend billions buying stocks if the coronavirus panic continues. It’s done it before
Monday’s market sell-off in China was the worst in many years and wiped nearly half a trillion dollars off the value of the country’s…
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Six months of protests wrecked Hong Kong’s economy. A virus scare is the last thing this city needs
Months of increasingly violent protests and a bruising US-China trade war pushed Hong Kong into a recession last year for the first time in a decade.…
Continue Reading Asian markets improve a day after the coronavirus shocked Chinese stocks
Stocks in Asia mostly improved Tuesday, one day after Chinese markets experienced their worst session in years. The Shanghai Composite ended up 1.3%.…
Continue Reading White House excludes CNN from annual pre-SOTU lunch with news anchors
President Donald Trump’s targeting of CNN is moving to yet another arena: The annual presidential lunch with television network anchors. CNN…
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Nearly five years after Sheryl Sandberg lost her husband, the Facebook COO is engaged
Facebook Chief Operating Officer Sheryl Sandberg is engaged and where else to make the big announcement but on Facebook? With a black-and-white photo…
Continue Reading How much money does YouTube make? We just learned for the first time
Alphabet for the first time disclosed the size of various business units within Google, including YouTube advertising, which in 2019 brought in $15…
Continue Reading Super Bowl commercials: Who scored and who fumbled on the ad industry’s biggest stage
As if collectively responding to a moment of partisan politics and unsettling news, the bulk of this year’s Super Bowl LIV commercials leaned…
Continue Reading Another Whole Foods competitor just bit the dust
Organic grocery chain Earth Fare is going out of business, making it the latest chain to unravel from pressure squeezing small supermarkets. Earth…
Continue Reading Rush Limbaugh says he has been diagnosed with advanced lung cancer
Rush Limbaugh, the most prominent political radio host in the United States, said Monday that he is beginning treatment for lung cancer. Limbaugh,…
Continue Reading Jeff Bezos sued for defamation by girlfriend’s brother
The brother of the woman that Jeff Bezos is dating is suing the Amazon founder for defamation. In a suit filed in state court in California on Friday…
Continue Reading Super Bowl LIV averaged 102 million viewers
Super Bowl LIV averaged 102 million viewers across several channels and streaming outlets, according to Fox. That number was up from last…
Continue Reading The coronavirus is clobbering oil prices
Crude oil has crashed into yet another bear market on fears that the coronavirus outbreak will destroy demand in China, the world’s largest…
Continue Reading Bracing for Bernie: Why Sanders could be a nightmare for Wall Street
Bernie Sanders winning the White House would be Wall Street’s worst political nightmare. Investors famously hate uncertainty. And it’s…
Continue Reading Stocks rebound from coronavirus selloff
The Dow and the broader US stock market rallied Monday, as stocks rebounded from last week’s sharp selloff over potential fallout from the…
Continue Reading Things are finally looking up for America’s factories
There’s finally light at the end of the tunnel for the US manufacturing sector, which fell into a recession in the second half of 2019. Data…
Continue Reading Google’s Super Bowl ad: People shed tears for ‘Loretta’
Emotions were running high during the Super Bowl, but perhaps it was the Google commercial that triggered the most tears. The company’s ad,…
Continue Reading This could be America’s smallest restaurant
It occupies just 12 square feet of space and is stocked with pasta bowls, wrap sandwiches, Greek yogurt with fruit, and salads packaged in recyclable…
Continue Reading January’s over. What’s next for stocks? Probably more volatility
Will stocks go up this year? It all depends on which market indicator you choose to follow. January was a choppy month on Wall Street. Stocks did…
Continue Reading Gilead Sciences testing antiviral drug to treat coronavirus
There is no cure for the deadly Wuhan coronavirus, but several big biotech companies are hoping they can treat the symptoms with existing antiviral…
Continue Reading ‘Hamilton’ is coming to movie theaters next year
Lin-Manuel Miranda’s “Hamilton” is hitting the big screen. Disney is bringing the hit musical, starring the original Broadway cast,…
Continue Reading Somewhere, someone is still using a Blackberry phone. They’re about to be very disappointed
Sorry, BlackBerry fans. The iconic, full-keyboard smartphones may be disappearing once again. TCL Communication, the electronics company that has…
Continue Reading US blocks one of the world’s biggest razor companies from buying Harry’s
Harry’s was about to be absorbed by one of the world’s largest razor companies. Then it hit a roadblock. The Federal Trade Commission…
Continue Reading Exclusive: Google kept scam fishing license ads up for months after being told about them, states say
Google failed to stop a network of predatory websites from buying ads to promote “scam” fishing licenses to people across the country…
Continue Reading The takeaway from Doritos’ Super Bowl ad: Don’t mess with Lil Nas X
Do not attempt a dance-off against contemporary cowboy Lil Nas X. The two-time Grammy winner made a special appearance alongside “A Star Is…
Continue Reading Forever 21 Bankruptcy: Retailer enters deal to sell for $81 million
Forever 21 has reached a deal to sell off its assets for $81 million, four months after filing for Chapter 11 bankruptcy. As part of the transaction,…
Continue Reading Brexit just happened. Britain and the EU are already arguing about what comes next
Britain and the European Union have taken their first steps toward negotiating a new free trade deal, staking out sharply divergent positions Monday…
Continue Reading With Baby Nut, Planters solves the problem of their deceased mascot Mr. Peanut
Planters resolved the untimely death of their longstanding mascot Mr. Peanut by … reincarnating him into a roly poly, so very marketable little…
Continue Reading Bernard Ebbers, former WorldCom CEO who went to prison in massive accounting fraud case, is dead
Bernard Ebbers, the former CEO of WorldCom, who went to prison in 2006 for his role in an $11 billion accounting fraud case, has died. His death…
Continue Reading How the Boeing 737 Max crisis is hurting the plane’s biggest buyer in Europe
Ryanair’s ambition to carry 200 million passengers by 2024 could be delayed by two years because of Boeing’s 737 Max crisis. Just six…
Continue Reading Chinese stocks plunged 8% as coronavirus fears took hold. It’s the worst day in years
Chinese stocks recorded their worst day in years as investors finally got a chance to react to the worsening coronavirus outbreak. The Shanghai…
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