Retail sales slid in February as people shopped less
Americans shopped less in February, leading retail sales to fall 3% on a seasonally adjusted basis, the Census Bureau reported Tuesday. It was a much…
Continue ReadingAmericans shopped less in February, leading retail sales to fall 3% on a seasonally adjusted basis, the Census Bureau reported Tuesday. It was a much…
Continue ReadingExperts have made clear that they don’t expect economies around the world to bounce back from the Covid-19 shock at the same speed. But…
Continue ReadingFacebook is teaming up with News Corp Australia just weeks after the country passed a groundbreaking law requiring tech companies to pay for news…
Continue ReadingGeely will pour nearly $5 billion into building an electric battery plant in China, as the country’s top privately-owned carmaker moves more…
Continue ReadingFacebook is teaming up with News Corp Australia just weeks after the country passed a groundbreaking law requiring tech companies to pay for news…
Continue ReadingMove over, SpaceX and Instacart: Payments processing company Stripe is now the most valuable startup in America. Stripe announced Sunday a new $600…
Continue ReadingA version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. How the pandemic has…
Continue ReadingEditor’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 ReadingA computer chip shortage has long been dogging the auto industry — and now, it will mean added costs at the gas pump for buyers of some General…
Continue ReadingUS airline stocks rose Monday after a number of carriers reported strong demand for seats from leisure travelers. Speaking at an investor conference…
Continue ReadingVolkswagen has unveiled a massive expansion of battery production as it seeks to gain an edge in the electric car race. The German carmaker said…
Continue ReadingBig banks face competition from startup challengers on fees, apps and direct deposits. During the Covid era, that battle is expanding to which…
Continue ReadingAmerica’s Black women hold more than 90% less wealth than American White men, Goldman Sachs revealed in a new report Tuesday. In response,…
Continue ReadingRecent stock market volatility is once again showcasing the virtues of a balanced portfolio. Some experts have been warning for a while that the…
Continue Reading“Tucker Carlson is the new Donald Trump,” CNN’s Chief Media Correspondent Brian Stelter said on “Reliable Sources”…
Continue ReadingMore than a decade on from its release, “Avatar” is once again the highest-grossing film of all time — after reclaiming the coveted…
Continue ReadingToys “R” Us is changing hands again, less than two years after Tru Kids Inc. bought it in a liquidation sale. WHP Global, a New…
Continue ReadingFormer Starbucks executive Rosalind “Roz” Brewer assumed her new role as CEO of Walgreens on Monday, officially making her the only Black…
Continue ReadingExtended Stay America, a bright spot for the beleaguered hotel industry, has been taken private in a $6 billion deal. Blackstone and Starwood Capital…
Continue ReadingSome Americans are seeing their stimulus checks pending in their bank accounts, and they’re complaining about banks holding their stimulus…
Continue Reading