Trump’s private bankers resign from Deutsche Bank
The private bankers responsible for lending to President Donald Trump and Jared Kushner have resigned from Deutsche Bank, the bank said.…
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Walmart contributed to the prescription opioid crisis for years, breaking the law, the Justice Department alleges
The Department of Justice is alleging that Walmart broke the law and contributed to the prescription opioid crisis by filling thousands of invalid…
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This billionaire warns that America’s massive wealth gap could lead to conflict
Ray Dalio, the billionaire founder of the world’s largest hedge fund, is deeply worried about a divided and profoundly unequal America as…
Continue Reading Airlines welcome back thousands of furloughed workers after Congress passes stimulus bill
Executives from United and American Airlines announced plans Tuesday to bring back thousands of their furloughed workers in response to Congress…
Continue Reading The Senate races in Georgia will shape the economic recovery
Just before the buzzer sounds on 2020, Washington has finally agreed on a $900 billion relief package that avoids driving the US economy off a cliff.…
Continue Reading $900 billion in stimulus is coming. More is needed but isn’t guaranteed
After months and months of delay, Congress has passed a $900 billion stimulus package that promises to accelerate vaccine distribution and deliver…
Continue Reading Burger King is giving away free dollars to spend on its new $1 menu
Burger King is adding a new dollar menu, bucking the trend of fast food chains pushing customers to more expensive items as food and labor costs…
Continue Reading SoftBank joins Wall Street’s latest craze in hunt for acquisitions
SoftBank wants in on one of Wall Street’s hottest trends as it looks to beef up its tech portfolio once again. On Monday, the Japanese…
Continue Reading Covid-19 isolation gives Britain a taste of ‘no-deal’ Brexit chaos
France has suspended transport links with Britain after a new Covid-19 variant emerged in southern England, adding to growing chaos at UK ports and…
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Newsmax ‘clarifies’ election conspiracy theories after legal threat from voting technology company
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. All throughout…
Continue Reading Stocks and oil prices sink as new coronavirus variant sends Europe into lockdown
It was a bumpy ride for US stocks on Monday as worries over a new variant of the coronavirus overshadowed the news of a second pandemic relief bill…
Continue Reading Tesla stock slides on first day in S&P 500
So much for Tesla getting a bump on its first official day in the S&P 500. Shares of Tesla fell more than 6% Monday, dipping along with the…
Continue Reading Elon Musk tweeted about a bitcoin rival. It soared 20%
What started off as a meme-inspired parody cryptocurrency has now become the center of a series of tweets in a bitcoin sound-off from Elon Musk. The…
Continue Reading 2020: When electric vehicle excitement kicked into high gear
Tesla’s fortunes have made quite a journey since April 2018, when CEO Elon Musk posted a photo on Twitter of himself apparently asleep, lying…
Continue Reading Walmart is attempting to solve one of the biggest pain-points of online shopping
Walmart is attempting to solve one of the biggest pain-points of online shopping — the dreaded return — with a new service. The retailer…
Continue Reading US futures slump as new Covid-19 variant spoils the stimulus party
Investors had hoped to celebrate the moment US lawmakers agreed on a new stimulus package to help America’s ailing economy. Instead, the…
Continue Reading Trump’s talk of martial law sends White House staffers rushing to the press
A meeting President Donald Trump held to discuss overturning the election result alarmed some White House staffers — people who are used to…
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How the pandemic stole Christmas but Santa Claus got it back
Every Christmas season for the last 16 years, Tom Carmody has dressed as Santa Claus and “ho, ho, ho-ed” his way into the hearts of…
Continue Reading Hollywood changed this year. Some things will never go back to the way they were
William Goldman, the famed screenwriter of classics like “Butch Cassidy and the Sundance Kid” and “All The President’s…
Continue Reading This bond market took off in 2020. And it’s all for a good cause
Governments are borrowing vast sums of money to cushion the blow to their economies from the pandemic. That’s given social bonds — which fund…
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