Money

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 economic recovery in 2021. Investors took profits off the market’s record highs set last week, and they took a more cautious position ahead of the high-stakes runoff election

Janet Yellen, President-elect Joe Biden’s pick for Treasury secretary, made more than $7 million in recent years by giving speeches to Wall Street banks, major corporations and industry groups. The former chair of the Federal Reserve hauled in nearly $1 million alone in multiple speeches to Citigroup, according to financial disclosure documents filed last week.

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 pandemic and the economic recovery in 2021. Investors took profits off the market’s record highs set last week, and they took a more cautious position ahead of

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 and the economic recovery in 2021. Investors took profits off the market’s record highs set last week, and they took a more cautious position ahead of the high-stakes runoff

New year, same telecommuting headaches. Slack, a popular workplace communication platform, confirmed a service interruption for some users on Monday morning as many workers returned from the holiday break. “Customers may experience issues connecting to Slack to loading channels at this time,” the company said. “Our team is on the case and we will keep

MGM Resorts International is attempting to buy the owner of British gambling brand Ladbrokes, making it the latest US casino operator to place a significant wager on the fast-growing online betting industry during the pandemic. Ladbrokes owner Entain said in a statement Monday that it has received an £8.1 billion ($11.1 billion) proposal from MGM.

Chipotle is adding cauliflower rice to its menu as customers’ tastes shift toward healthier options. Beginning Monday, the cilantro-lime flavored rice alternative will be available at all of Chipotle’s roughly 2,700 US and Canada locations for a limited time. The nationwide launch follows a trial last July at 55 locations in Denver and Wisconsin that

Fanduel, the fantasy sports and online sports betting company, experienced outages on Sunday — the last day of regular season NFL games — preventing many of its customers from accessing its Sportsbook platform. Reports of glitches began around 12:30 pm ET, according to DownDetector, a site that tracks website outages. Users reported issues with logging

The Republican effort to contest the presidential election results on the Senate floor this week is raising questions about how media outlets should cover the moment, and whether the Trump-supported action should be called an attempted “coup.” “Should TV networks show the proceedings live when the GOP objectors are boldly lying?” asked CNN Chief Media

Legendary talk show host and former CNN interviewer Larry King has Covid-19, according to a source close to the family. King, 87, has been hospitalized at Cedars Sinai Medical Center in Los Angeles for more than a week, the source said. Due to protocols at the hospital, King’s three sons have been unable to visit

Tesla hit its goal of building a half-million cars in 2020, a first for the company, it reported Saturday. The completed deliveries to customers, which is slightly different from the production figure, fell just short of that same goal as it delivered 499,550 cars. That sales total rounds up to the 500,000 target, though. The