Alibaba and Tencent stocks hit by reports that Trump could go after them next
Shares in Alibaba and Tencent were rocked in Hong Kong on Thursday following reports that they could be the next casualties of President Donald…
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California Gov. Newsom proposes new $600 stimulus checks
California Gov. Gavin Newsom is calling for the state to send new $600 stimulus payments to low-income residents. The cash would add to the $600 in…
Continue ReadingMain Street, not Wall Street, is the clear winner from Georgia Senate runoffs
Main Street is emerging as a clear winner following the Senate runoffs in Georgia. The outlook is far murkier, on the other hand, for Wall Street. If…
Continue ReadingWhy Roku wants more content — even from a failed app
Roku is reportedly in talks to buy the rights to content from Quibi, the short-form video company that shut down after just a few months. While it…
Continue ReadingYou can buy an FDA-approved Covid-19 test on Amazon
Covid-19 tests are in high demand as cases surge, with some Americans waiting in long lines at medical centers and drive-through sites. But now an…
Continue ReadingNYSE bans Chinese telecom stocks in second about-face of the week
The New York Stock Exchange will delist three Chinese telecommunications stocks to comply with an executive order from the Trump administration —…
Continue ReadingJeff Bezos just named a huge rocket recovery ship after his mom
It’s always a challenge to find the right gift to get one’s mother, the right token that accurately reflects the appreciation and…
Continue ReadingNeil Young has sold a big stake in his 1,180 songs
Folk-rock superstar Neil Young has sold a 50% stake in his song catalog to investment company Hipgnosis for an estimated $150 million. The deal…
Continue ReadingProof Big Tech is way too big: It’s a quarter of your portfolio
Thousands of stocks trade on Wall Street every day. But let’s be honest: Just a half dozen companies really, truly matter for many investors.…
Continue ReadingChina sentences former top finance executive to death for bribery
A Chinese court has sentenced the former chairman of a huge state-owned financial company to death after finding him guilty of bribery. It’s a…
Continue ReadingTesla short sellers lost $40 billion in 2020. Elon Musk made more than triple that
It’s hard to imagine anyone has had a better year than Elon Musk did in 2020. His personal net worth soared like one of his SpaceX rockets,…
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Analysis: News coverage of Congress certifying the vote must put reality first
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. What is the most…
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Bill Gross says growth stocks, SPACs and the ‘Teslas of 2020’ may struggle in 2021
Bill Gross started off his investment outlook for 2021, titled “A Little Bit Softer Now,” on an unusual note, discussing a legal spat…
Continue ReadingShake Shack brings Korean Fried Chicken to fast-food’s chicken sandwich wars
Shake Shack is kicking off 2021 by introducing a new contender to the fast food industry’s already-crowded chicken sandwich wars. The burger…
Continue ReadingPizza Hut rolls out a new stuffed crust — minus the pizza
Pizza Hut is doubling down on one of its classic innovations as the pandemic-era pizza wars rage. In a nod to the 25th anniversary of stuffed…
Continue ReadingOil soars near $50 after OPEC and Russia agree to roll over production cuts
A group of major oil producers have agreed to keep production broadly steady in February and March as the pandemic forces some economies back into…
Continue ReadingOil soars past $50 after OPEC and Russia agree to roll over production cuts
A group of major oil producers have agreed to keep production steady in February and March as the pandemic forces some economies back into lockdown…
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Analysis: Trump and his base rally around conspiracy theories as Georgia votes
“Mr. President, the problem you have with social media, they — people can say anything,” Georgia Secretary of State Brad Raffensperger,…
Continue ReadingAmericans are buying cars again
US car sales have picked up again — and Americans are back to buying vehicles at their pre-pandemic pace, according to General Motors. As the…
Continue ReadingAt stake in the Georgia Senate races: The future of America’s economy
Georgia isn’t just the center of the political universe. It’s center stage on Wall Street, too. The Peach State’s Senate runoffs…
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