UPS 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…
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American 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…
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Wall Street is on alert. But it can move past GameStop
It’s no secret that GameStop mania has put Wall Street on edge. What’s happening: The Dow and S&P 500 just logged their worst weeks…
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How to start investing in stocks with little or no experience
Investing for the first time can be downright intimidating. It can bring up a whole host of nerve racking questions: Is it too risky? Is now the…
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…
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Hedge funds are getting crushed by the worst short squeeze in a quarter century
Hedge funds that bet against GameStop and other stocks have been crushed by the Reddit army — and they’re infecting the rest of Wall…
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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5 things to know for February 2: Covid-19, stimulus, White House, GameStop, Myanmar
Happy Groundhog Day! Will we get more winter? Will we get an early spring? Will we ever spell “Punxsutawney Phil” correctly on the first…
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Silver is surging but users on WallStreetBets say they’re not behind the rally
The silver market is the latest flashpoint in the Reddit mania that took over Wall Street last week. Silver futures surged as much as 13% to Monday,…
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Speculation moves to silver, but it’s not clear who’s behind it
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 ReadingHouse panel launches probe into meatpackers’ coronavirus response
A panel of House representatives is launching an investigation into how major meat processors and OSHA handled coronavirus outbreaks at meatpacking…
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The GameStop frenzy is moving fast. Catch up here
If you thought the GameStop drama was over, think again. ICYMI: Last week, a tense showdown played out on Wall Street. It was a David vs. Goliath…
Continue ReadingGoogle investors may have forgotten how much lawmakers want to rein in Big Tech
Over the past few years, Google owner Alphabet’s stock had lagged compared to the stellar rise of big techs like the other FAANG members and…
Continue ReadingRobinhood CEO details 3:30 am call to put up $3 billion
Robinhood received a startling 3:30 am call from its clearinghouse during last week’s Reddit-inspired market chaos asking for the free-trading…
Continue ReadingPrince Harry wins ‘significant damages’ in legal dispute with UK newspaper
Prince Harry has settled a legal dispute with the Mail on Sunday and the MailOnline, accepting what his legal team called “significant…
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