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…
Continue ReadingCNN – Business/Consumer
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…
Continue Reading How the news media covered domestic terrorism on Capitol Hill
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. The events on Capitol…
Continue Reading Congressional reporters became the country’s eyes and ears as rioters stormed Capitol Hill
When pro-Trump rioters breached the Capitol building on Wednesday, the TV cameras in the House and Senate chambers were abruptly turned off.…
Continue Reading Here’s why Wall Street mostly ignored the chaos in Washington
Wall Street shrugged off a shocking day in America’s history Wednesday as Trump supporters stormed the US Capitol in a violent attempt to…
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 Cannabis stocks soar, Big Tech sinks following Georgia elections
The “blue wave” that many expected in November appears to have crested two months later. Now, investors are trying to figure out how to…
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 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 The ‘blue wave’ may have arrived after all
After the elections in November, Wall Street put predictions of a “blue wave” aside. Now, investors are once again reckoning with the…
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,…
Continue Reading 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…
Continue Reading Pizza 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 Reading Oil 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 Reading