Oil soars past $50 after OPEC and Russia agree to roll over production cuts
A group of major oil producers have agreed to keep production steady in February and March as the pandemic forces some economies back into lockdown…
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Americans are buying cars again
US car sales have picked up again — and Americans are back to buying vehicles at their pre-pandemic pace, according to General Motors. As the…
Continue Reading At stake in the Georgia Senate races: The future of America’s economy
Georgia isn’t just the center of the political universe. It’s center stage on Wall Street, too. The Peach State’s Senate runoffs…
Continue Reading McDonald’s adds three new sandwiches to compete in chicken wars
McDonald’s is launching new sandwiches next month in an effort to win fast food’s chicken war. On Monday, the company announced three…
Continue Reading Electric cars hit record 54% of sales in Norway as VW overtakes Tesla
Battery electric vehicles accounted for more than half of all cars sold in Norway last year, putting the country way out in front in efforts to kill…
Continue Reading Elephant ivory still being sold on eBay despite 12-year ban
Elephant ivory is still being sold on eBay despite the online marketplace introducing a ban more than a decade ago, researchers have found. Sellers…
Continue Reading Welcome back to work, everything is broken
Editor’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 Reading Honey, the pandemic shrunk our wedding cake
Jennifer Bunce-Timmons is used to making extravagant cakes for weddings. But over the summer, she got a request that was on another level. Instead of…
Continue Reading OPEC and Russia divided over how much oil the world needs right now
A group of major oil producers including Saudi Arabia and Russia is deadlocked over whether to increase output as the pandemic forces some economies…
Continue Reading More than 170 business leaders sign letter urging Congress to accept Biden’s win
More than 170 prominent business leaders signed a letter urging Congress to accept the Electoral College results that declared Joe Biden as the next…
Continue Reading Wall Street reverses plan to kick out Chinese telecom companies
The New York Stock Exchange has reversed its decision to kick out three of China’s largest state-owned telecom companies. The exchange said…
Continue Reading Dow tumbles on first trading day of 2021
It was a rocky first trading day of the year for Wall Street as stocks fell sharply and investors grew worried about the the pandemic and the…
Continue Reading Janet Yellen made millions giving speeches to Wall Street banks she’ll soon regulate
Janet Yellen, President-elect Joe Biden’s pick for Treasury secretary, made more than $7 million in recent years by giving speeches to Wall…
Continue Reading Haven — the joint health care venture by Amazon, Berkshire and JPMorgan — is shutting down
Haven, an ambitious health care company formed just three years ago as a partnership between Amazon, Warren Buffett’s Berkshire Hathaway and…
Continue Reading Dow tumbles more than 500 points on first trading day of 2021
The Dow tumbled more than 500 points in the early afternoon on Monday, the first trading day of the New Year, as investors grew worried about the the…
Continue Reading Bitcoin’s bubble could burst, warns Anthony Scaramucci. But he’s still a mega-bull
Bitcoin prices more than quadrupled in 2020 and surged to a new record above $30,000 this year, but many investors think there’s still room for…
Continue Reading Dow tumbles more than 600 points on first trading day of 2021
The Dow tumbled more than 600 points around midday Monday, the first trading day of the New Year, as investors grew worried about the the pandemic…
Continue Reading MGM makes $11 billion bid for UK gambling group
MGM Resorts International is attempting to buy the owner of British gambling brand Ladbrokes, making it the latest US casino operator to place a…
Continue Reading Chipotle’s slimming down for the new year too, adding cauliflower rice to its menu
Chipotle is adding cauliflower rice to its menu as customers’ tastes shift toward healthier options. Beginning Monday, the cilantro-lime…
Continue Reading Bitcoin’s rally could be a sign of what’s in store for markets in 2021
Investors are gearing up for a turbocharged 2021. Want evidence? Look at the price of Bitcoin. What’s happening: Just a few weeks ago, Wall…
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