Wall Street is keeping very close tabs on WallStreetBets. Here’s how
Hedge funds, investment bankers and other institutional investors are desperate to find the next GameStop — before it’s too late.…
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How Amazon can keep thriving even without Jeff Bezos
Jeff Bezos is stepping down as CEO of Amazon, but investors aren’t too worried about the company’s next steps. What’s happening:…
Continue Reading‘We are lost:’ Fox News suffers ratings slump while staffers fret about post-Trump future
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. “We are…
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‘It’s time to act’: Bend bakery begins ‘Twice More’ campaign to aid struggling restaurants
Bend’s Sparrow Bakery is calling on the community to keep a struggling industry alive.…
Continue ReadingA surprise announcement in Amazon’s blockbuster earnings
Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here.…
Continue ReadingRead Jeff Bezos’s letter to Amazon employees
Amazon’s founder Jeff Bezos is stepping down later this year as CEO. He sent the following email announcing the transition to Amazon employees…
Continue ReadingDow surges as stocks recover from GameStop mania
Wall Street surged for a second day in a row as GameStop mania appears to be calming down. Reddit’s favorite stock fell 60% Tuesday, adding to…
Continue ReadingPfizer expects to rake in sales of $15 billion from its Covid-19 vaccine this year
Pfizer expects to earn approximately $15 billion in revenue from its Covid-19 vaccine this year, the company said Tuesday. Its fourth-quarter…
Continue ReadingTesla recalls 135,000 cars after pushing back against regulators
Tesla is recalling 135,000 Tesla Model S sedans and Model X SUVs because their large center touchscreens can fail. Tesla had previously objected to a…
Continue ReadingUPS gives its Express delivery boxes a Black History Month makeover
UPS is celebrating Black History Month with a special design on Express delivery packages, part of a campaign to support Black-owned small…
Continue ReadingAmerican jobs won’t return to pre-pandemic levels until 2024, CBO says
The number of employed Americans won’t return to its pre-pandemic level until 2024, but the broad economy is expected to fully recover by the…
Continue ReadingExxonMobil reports its first annual loss since its merger
ExxonMobil lost $22.4 billion in 2020, its first annual loss since the 1999 merger that created the nation’s largest oil company. It’s…
Continue ReadingExclusive: Elizabeth Warren wants answers on Robinhood’s ties to large hedge funds
Senator Elizabeth Warren is demanding answers from Robinhood co-CEO Vlad Tenev over potential conflicts of interest caused by the free trading…
Continue Reading‘Everybody is scared of 2021.’ Europeans are losing jobs, businesses and hope
Last year was looking like a record breaker for Chris Wiseheart’s transport company in Prague. Wiseheart, originally from Detroit, had built…
Continue ReadingMarriott’s CEO is reducing his schedule during pancreatic cancer fight
Marriott International’s president and CEO Arne Sorenson is reducing his demanding schedule for “several months” as he continues to…
Continue ReadingHere’s when McDonald’s is bringing back the Shamrock Shake
St. Patrick’s Day is several weeks away, but McDonald’s is already getting ready with the arrival of the Shamrock Shake. Beginning…
Continue ReadingAfter a wild 2020, all bets are off in this year’s streaming wars
2020 was supposed to be the kickoff of the streaming wars — the year when new contenders battled Netflix to take their own slice of the streaming…
Continue ReadingNike made a hands-free shoe and you have to see it to believe it
Nike’s newest shoe is “easy on, easy off” for those who can’t put their shoes on without assistance — or cannot be…
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Oregon OSHA proposes ‘permanent’ rule addressing COVID-19 in all workplaces
Seeking to extend protections for workers against COVID-19, Oregon OSHA said Monday it is proposing a permanent rule that largely maintains – with…
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