The Biden post-election market surge is the best for a new president in 60 years
Stocks have gained about 13% since Election Day as of Tuesday, a day before Joe Biden’s inauguration — marking the the best post-election…
Continue ReadingCNN – Business/Consumer
Aldi, Trader Joe’s and others will pay workers to get a vaccine
A growing number of large US chains are offering their workers incentives to get Covid-19 vaccines. Grocery chain Aldi said Tuesday that it will…
Continue Reading Walmart CEO blames ‘fiction’ of fraudulent election for dividing Americans
Walmart CEO Doug McMillon lamented Tuesday that the baseless claims of a stolen election pushed by President Donald Trump and his allies have further…
Continue Reading Tesla has started deliveries of the Chinese-made Model Y
Tesla has begun rolling out locally made Model Y crossover vehicles in China, reaching an important milestone in the world’s largest auto…
Continue Reading China still needs Australia to power its economic recovery
China and Australia spent much of last year in a tense standoff on trade. But as the recovery of the world’s second largest economy gathers…
Continue Reading Goldman Sachs posts impressive earnings thanks to Wall Street’s strength
Goldman Sachs, one of the largest investment banks on Wall Street, reported results for the fourth quarter that easily topped analysts’…
Continue Reading MGM scraps UK gambling takeover after $11 billion bid rejected
MGM Resorts International is walking away from an attempt to buy the owner of British gambling brand Ladbrokes after its $11 billion bid was…
Continue Reading FedEx says it’s cutting up to 6,300 jobs in Europe
FedEx has announced plans to slash up to 6,300 jobs in Europe. The delivery company said in a statement on Tuesday that it would reduce its European…
Continue Reading Google CEO to meet with Black college leaders following racism allegations
Leaders from some of the nation’s top historically Black colleges and universities are meeting virtually with Google CEO Sundar Pichai next…
Continue Reading Janet Yellen heads to Capitol Hill for her confirmation hearing
Janet Yellen, President-elect Joe Biden’s pick for Treasury secretary and former head of the Federal Reserve, is headed to Capitol Hill Tuesday…
Continue Reading For Janet Yellen and the US economy, the stakes have never been higher
Janet Yellen, the former chair of the Federal Reserve and President-elect Joe Biden’s pick to lead the Treasury Department, faces a huge task…
Continue Reading Janet Yellen is heading to Congress. The stakes have never been higher
Janet Yellen, the former chair of the Federal Reserve and President-elect Joe Biden’s pick to lead the Treasury Department, faces a huge task…
Continue Reading Scottish fishermen say ‘Brexit carnage’ threatens to kill their business
Scottish fishermen parked their trucks near UK Prime Minister Boris Johnson’s office at 10 Downing Street on Monday to protest post-Brexit red…
Continue Reading Amazon Prime show ‘Tandav’ faces calls for a ban in India
Amazon wants India to play a key role in its ambitions to conquer streaming video. But the company now faces a political backlash over one of its new…
Continue Reading Wall Street has a new top cop. And Elizabeth Warren is a big fan of him
A new sheriff is coming to Wall Street — and, for a change, he’s not a friendly face. In a win for Elizabeth Warren and progressives,…
Continue Reading Yellen to urge lawmakers to ‘act big’ on relief spending
Janet Yellen, President-elect Joe Biden’s nominee for Treasury secretary, is expected to urge lawmakers to “act big” on relief…
Continue Reading Bulletproof vests and gas masks: Journalists prep for Inauguration Day
At the end of December, Los Angeles Times Washington Bureau Chief Kimbriell Kelly was looking at getting Moleskine notebooks as gifts for her staff.…
Continue Reading Stimulus is nice. But here’s what Biden really needs to fix the economy
Joe Biden last week proposed a $1.9 trillion stimulus bill, part of a historically ambitious plan to combat an economic crisis. But many economists…
Continue Reading Joe Biden doesn’t have a magic wand to fix the economy
Joe Biden last week proposed a $1.9 trillion stimulus bill, part of a historically ambitious plan to combat an economic crisis. But many economists…
Continue Reading Ford closes German plant for 1 month as global chip crisis worsens
Ford has ordered a month-long production halt at one of its plants in Germany, the latest sign that a global shortage of computer chips is putting…
Continue Reading