Late-night hosts react to Capitol riot: ‘The treason finale of the Donald Trump era’
Late-night hosts, typically some of the most jovial personalities on television, were somber and angry Wednesday night after rioters stormed the…
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Elon Musk is close to overtaking Jeff Bezos as the world’s richest person
Elon Musk is getting close to grabbing the title of world’s richest person from Amazon CEO Jeff Bezos. The Bloomberg real-time billionaire…
Continue Reading Another 787,000 Americans filed for unemployment benefits last week
The jobs recovery has run out of steam as the pandemic continues to spread across the country and world. Last week, another 787,000 Americans filed…
Continue Reading Elon Musk is close to overtaking Jeff Bezos the as world’s richest person
Elon Musk is getting close to grabbing the title of world’s richest person from Amazon CEO Jeff Bezos. The Bloomberg real-time billionaire…
Continue Reading GE won’t claw back former CEO Jeff Immelt’s pay after private jet scandal
Jeff Immelt’s 16 years at the helm of General Electric left the company in shambles. The once-great company was drowning in debt, under fire…
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Business leaders react to Wednesday’s riots in Washington
Corporate America is speaking out forcefully against Wednesday’s riots in Washington, in which the US Capitol was breached by supporters of…
Continue Reading 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 Reading Main 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 Reading Why 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 Reading You 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 Reading NYSE 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 Reading Jeff 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 Reading Neil 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 Reading Proof 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 Reading China 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 Reading Tesla 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 Reading Shake 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…
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