Former President Donald Trump is planning a return to Wall Street.
Trump, whose companies have a long history of filing for bankruptcy, announced a deal Wednesday night to bring a new media company public through what’s known as a SPAC, or a Special Purpose Acquisition Corporation.
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Verizon reported earnings that topped forecasts Wednesday morning and issued a more upbeat outlook for 2022. That’s some much-needed good news for the company, which has been the Dow’s worst-performing stock this year, falling about 10%.
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CNN, CNNBUSINESS By Hanna Ziady, CNN Business Facebook failed to provide crucial details about its “Cross-Check” program that reportedly shielded millions of VIP users from the social media platform’s normal content moderation rules, according to the company’s oversight board. The tech giant “has not been fully forthcoming on Cross-Check,” the oversight board said in a
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By DAVID KOENIG AP Airlines Writer DALLAS (AP) — Southwest Airlines is backing away from a plan to put unvaccinated workers on unpaid leave. A Southwest spokeswoman said Tuesday that employees must submit proof of vaccination against COVID-19 — or request an exemption from the shots — by Nov. 24. But she says employees whose
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Researchers with Stessa calculated the percentage change in employment with six-figure jobs from 2015 to 2020, using data from the U.S. Bureau of Labor Statistics.
Continue ReadingKatie Couric says she has “no relationship” with Matt Lauer, her former ‘Today’ co-anchor who was fired in 2017 for inappropriate sexual behavior.
Continue ReadingBy Jordan Valinsky, CNN Business Breakfast is back on the menu at Taco Bell, so it’s giving away free food to celebrate. On Thursday, the chain will offer free breakfast burritos at its United States restaurants. The giveaway, which runs between 7 a.m. to 11 a.m., serves as a reminder that breakfast has returned at
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This year, cryptocurrencies have been up. They’ve been down. But they never seem to be entirely out.
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By TOM KRISHER AP Auto Writer DETROIT (AP) — Global automakers are stepping up the pace when it comes to building factories to prepare for what many believe will be a fast-moving transition from internal combustion engines to electric vehicles. On Monday, Toyota, Stellantis, Foxconn, Ford and Volvo all made announcements about electric vehicle component
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By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Americans continued to spend at a solid clip in September even while facing sticker shock in grocery aisles, car lots and restaurants as snarled global supply chains slow the flow of goods. Retail sales rose a seasonally adjusted 0.7% in September from the month before,
Continue ReadingBitcoin prices continued their October surge on Friday, topping $60,000 on hopes that the Securities and Exchange Commission will soon approve a bitcoin futures exchange-traded fund.
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But rest assured, ultra-rich Americans are deploying the same tools described in the leaks to avoid paying taxes: shell companies, complex trusts and bank accounts in tax havens. They just don’t have to go offshore.
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Bitcoin prices continued their October surge on Friday, topping $60,000 on hopes that the Securities and Exchange Commission will soon approve a bitcoin futures exchange-traded fund.
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By Paul R. La Monica, CNN Business Several of America’s largest financial firms reported strong earnings and revenue Thursday thanks to solid demand for loans, better credit quality and a boom in mergers and initial public offerings. Morgan Stanley, Citigroup, Bank of America and even troubled Wells Fargo posted healthy results that surpassed analysts’ expectations.
Continue ReadingThe ongoing supply chain crisis isn’t going to end anytime soon, according to a new survey of chief financial officers.
Continue ReadingAbout 10,000 members of the United Auto Workers union went on strike against farm and construction equipment maker John Deere early Thursday morning.
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Wells Fargo’s third-quarter earnings were up 59% after it freed up money it had set aside to cover loan losses.
The bank said it reduced the money it set aside to cover loan losses by $1.7 billion. It had raised those loan loss reserves early in 2020, when the future of the economy and the length of the recession brought on by Covid-19 pandemic was uncertain.
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The Better Business Bureau is a one-stop shop for anything business. From accreditations for business to business reviews and a scam tracker the BBB has plenty to offer.
Continue ReadingElon Musk’s personal wealth is now $222 billion, widening his gap as the richest person in the world according to Bloomberg’s Billionaires Index. Musk’s personal wealth skyrocketed an extra $10.6 billion after a secondary share sale by investors, announced last week, valued SpaceX over $100 billion, CNBC reported.
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For the first time since late 2014, US oil prices are back above $80 per barrel — a boon for the energy industry, which was battered during the pandemic, but bad news for the economic recovery as winter approaches.
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