U.S. stocks ended higher Friday, with support attributed in part to optimism over a coronavirus treatment as investors attempt to gauge the threat to the economic outlook from a rise in COVID-19 cases. How did benchmarks perform? The Dow Jones Industrial Average DJIA, +1.43% rose 369.21 points, or 1.4%,Read More →
The number of U.S. cases of COVID-19 approached 3 million Wednesday, and Florida’s intensive care units are filling up, as the United States counted a record number of new cases of the deadly disease in a single day, a sign that the virus is far from being contained. DataRead More →
The builders of the Atlantic Coast Pipeline are halting the project as companies continue to face growing environmental opposition to new fossil fuel pipelines in the United States. Duke Energy Corp. DUK ,-0.11% and Dominion Energy Inc. D ,+0.41% said Sunday that they were abandoning the $8 billion pipelineRead More →
Hundreds of companies around the world have joined a temporary boycott of advertising against Facebook Inc. but its chief executive officer, Mark Zuckerberg, says he is not worried and has no intention of changing his policies, according to a new report. “ “I think all these advertisers will beRead More →
The number of confirmed cases of the coronavirus illness COVID-19 topped 10 million around the world and the death toll surpassed a half million over the weekend, and Florida, South Carolina and Nevada all recorded their highest number of new infections in a single day. Florida counted 9,585 new casesRead More →
Facebook Inc. Chief Executive Mark Zuckerberg reportedly wanted to remove an incendiary post by then-candidate Donald Trump as far back as 2015, but was convinced instead to change Facebook’s rules to allow such posts in the name of political discourse. The Washington Post reported Sunday that Trump’s 2015 video postRead More →
Sustainability-minded younger shoppers and bargain-hunting consumers of all ages who are feeling the economic pinch of the COVID-19 pandemic are increasingly giving up new clothes for resale items that sometimes still have their tags. In fact, according to thredUP, a major online secondhand shopping site, a surge in demand forRead More →
The Food and Drug Administration over the weekend issued a warning on nine alcohol-based hand sanitizers manufactured by Eskbiochem SA de CV in Mexico that it says contain wood methanol, a toxic substance that could ultimately result in death of absorbed through the skin or ingested. “Consumers who have beenRead More →
Billionaire CEO Jeff Bezos is honoring Juneeteeth on Friday as a day of edification at Amazon.com and urging employees to attend “learnings opportunities,” to recognize the end of slavery in America. Juneteenth, which is celebrated annually by many on June 19, is a day commemorating the end of slavery inRead More →
Apple Inc. is facing fresh complaints about the 30% cut it takes from App Store purchases, as European regulators launch two antitrust investigations into the tech giant. Axios reported late Tuesday that Match Group Inc. MTCH, +4.39% , parent company of Tinder, OK Cupid and other popular dating services, criticizedRead More →
Warren Buffett famously said: “You only find out who is swimming naked when the tide goes out.” So it has been with the COVID-19 pandemic in relation to the rigor with which companies have engaged with ESG (environmental, social, and governance) concerns. Whether it takes the form of companies workingRead More →
Adobe Inc. shares rose in the extended session Thursday after the software company’s earnings and contract revenue topped Wall Street estimates as the drive for mobile workplaces because of COVID-19 increased demand for its digital products. Adobe ADBE, -4.70% shares rose 4.4% after hours, following a 4.7% decline in theRead More →
With the country entering its third week of protests over social and racial justice, the spotlight has been cast again on the state of blacks in the workforce — in particular, the glacial progress of diversity in tech. It’s a topic that has flickered for decades, with fitful attempts atRead More →
Slack Technologies Inc. revenue topped $200 million in a quarter for the first time, but the stock still sank hard in the extended session Thursday afternoon after closing at record highs in recent days. Slack reported a loss of $74.4 million, or 13 cents a share, on revenue of $201.7Read More →
The COVID-19 outbreak brought waves of new users to Zoom Video Communications Inc. and Slack Technologies Inc., but this week we find out how many are actually paying for the services, and how much it is costing the companies to support them. Zoom ZM, +13.74% will report quarterly earnings TuesdayRead More →
President Donald Trump on Thursday signed an executive order ostensibly to prevent online censorship, a broad government review of private companies’ activities with potentially grave consequences for social-media companies. Trump claimed in the order that social-media companies have “unchecked power” to censor and restrict speech, and “we’re fed up withRead More →
Elliott Management Corp. has nominated four directors to the board at Twitter Inc., according to a person familiar with the matter, setting the stage for a potential showdown between one of the most prolific and pugnacious activist hedge funds and the influential social-media company. Elliott has taken a roughly $1Read More →
Wendy’s Co. is known for its spicy Twitter feed, and the fast-food chain is turning up the heat on its competitors ahead of the launch of its breakfast menu. In the lead up, the company has taken aim at McDonald’s Corp. MCD, -2.79% and Burger King, a Restaurant Brands InternationalRead More →
Tech stocks aren’t the only things falling because of coronavirus fears — At least five tech conferences were canceled this week due to risks associated with COVID-19, including a large meeting of videogame developers. Late Friday afternoon, the annual Game Developers Conference, or GDC, was postponed after several important attendeesRead More →
The growing number of COVID-19 cases and deaths outside of Asia has put pressure on U.S. officials to more clearly articulate preparedness plans in an effort to ease American worries about the possibility of a pandemic. President Donald Trump tweeted Wednesday that he plans to hold a news conference onRead More →
March will see the full integration of FX into Hulu, as well as a handful of high-profile new series. Following last year’s acquisition of Fox Entertainment assets by Walt Disney Co. DIS, -4.29% , Hulu will now be the exclusive streaming home to most FX shows, past and present. WhileRead More →
Automobile-loan delinquencies are at a record high, but experts say this may not impact your ability to get a loan for your car purchase. In the fourth quarter of 2019, the outstanding balance on automobile loans and leases hit a record high of $1.33 trillion, according to data from theRead More →
About 300 Oracle Corp. employees reportedly walked out Thursday to protest a fundraiser for President Donald Trump held the day before by co-founder and Chairman Larry Ellison. Bloomberg News reported about 300 workers left their offices or stopped working at remote sites around noon, Pacific time, and spent the remainderRead More →
skynesher/iStock Young couple using digital tablet with their financial advisor in the office. How are financial advisors investing their clients’ money? The most recent edition of the Advisor Insights Guide from BlackRock’s Portfolio Solutions team sheds some light. The guide, which covers the third quarter of 2019, aggregates information fromRead More →
After a boom-and-bust three-year run, HQ Trivia now appears to be little more than fodder for a future trivia question. The game-show app, which at its peak in early 2018 had more than 2 million daily users, officially shut down Friday. CNN Business obtained an email from CEO Rus YusupovRead More →
