Europe has a vaccine shortage. So why is it fighting with AstraZeneca?
The European Union has been locked in a very public and acrimonious fight with AstraZeneca over vaccine delays. The temperature may have cooled…
Continue ReadingMoney
GameStop continues to surge — now up 2,500% this year
So much for what goes up must come down. GameStop continued to defy gravity Thursday. Shares soared another 30% in premarket trading thanks to…
Continue ReadingChipotle is testing curbside pickup
Chipotle is testing curbside pickup at 29 locations in California to give customers a way to get their tacos and burritos without having to go inside…
Continue ReadingToyota overtakes Volkswagen as world’s biggest automaker
Toyota is back on top. The Japanese company has reclaimed its place as the world’s best-selling automaker, with its latest results showing an…
Continue ReadingSteamy period drama ‘Bridgerton’ is Netflix’s ‘biggest series ever’
Netflix has just claimed its biggest hit ever with “Bridgerton,” a drama set in Britain in the early 1800s. Some 82 million households…
Continue Reading
Donald Trump’s final economic report card could be very underwhelming
Economists are grading on a curve. That’s not a good thing if you’re former President Donald Trump. US gross domestic product, the…
Continue ReadingAnalysis: After building a radicalization engine, Mark Zuckerberg aims to ‘turn down the temperature’
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Mark Zuckerberg built…
Continue Reading
Elon Musk tweet fuels frenzied GameStop surge
Amateur investors continued a frenzied runup of GameStop for the fourth session in a row, with the stock ending Tuesday up more than 92%, or about…
Continue Reading
How Trumpism explains the GameStop stock surge
At the core of Donald Trump’s angry populist appeal was — and is — this sentiment: The elites think they know better than you. They…
Continue ReadingEverything you need to know about how a Reddit group blew up GameStop’s stock
The GameStop frenzy on Wall Street has investors, and much of the internet, enraptured — not unlike a good horror movie. Everyone knows doom is…
Continue ReadingTesla disappoints Wall Street despite strong profits
Tesla capped its breakout year with a record profit that still fell short of analysts forecasts, sending its shares lower in after-hours trading. The…
Continue ReadingAMC is today’s GameStop. A Reddit mob sent its stock more than 200% higher
Welcome to the Reddit market. A group on Reddit’s Wall Street Bets board have been promoting a number of stocks, hoping to squeeze short…
Continue Reading
Fed dismisses worries about inflation and pledges to keep rates low
The Federal Reserve left interest rates unchanged Wednesday and assured investors that there are no near-term plans to raise them. Interest rates are…
Continue ReadingFed warns of a slowing recovery, leaves rates unchanged
The Federal Reserve left interest rates unchanged Wednesday and again stressed it would use its “full range of tools” to support the US…
Continue ReadingNo, Joe Biden didn’t just ban fracking
President Joe Biden is cracking down on the oil-and-gas industry, but he is not taking the extreme steps the Trump campaign claimed he would last…
Continue ReadingBen & Jerry’s co-founders want to make it easier to sue cops who abuse their authority
Ben & Jerry’s two co-founders want to make it easier for Americans to sue police officers who abuse their authority, a move that reform…
Continue ReadingFacing back-to-back crises, Boeing posts a record loss
Boeing closed the books on its worst year ever, posting record losses and plunging sales on the backs of combined crises: the Covid-19 pandemic and…
Continue ReadingBen & Jerry’s wants to make it easier to sue cops who abuse their authority
Ben & Jerry’s two co-founders want to make it easier for Americans to sue police officers who abuse their authority, a move that reform…
Continue ReadingJerome Powell and Janet Yellen aren’t worried about inflation. Maybe they should be
Federal Reserve chair Jerome Powell and his predecessor Janet Yellen, now the first woman to serve as Treasury secretary, are both known for their…
Continue ReadingEU and AstraZeneca fight over vaccine delays while death toll mounts
A war of words between the European Union and AstraZeneca escalated on Wednesday as the two sides argued in public over coronavirus vaccine delays…
Continue Reading