Money

Just before the buzzer sounds on 2020, Washington has finally agreed on a $900 billion relief package that avoids driving the US economy off a cliff. But Uncle Sam’s work rescuing the economy from the worst pandemic in a century is not nearly done. Unemployed Americans, hurting small businesses and state-and-local governments are going to

After months and months of delay, Congress has passed a $900 billion stimulus package that promises to accelerate vaccine distribution and deliver much-needed aid to small businesses and Americans who have been struggling to get by. What’s happening: The White House has said that President Donald Trump will sign the legislation once it reaches his

Burger King is adding a new dollar menu, bucking the trend of fast food chains pushing customers to more expensive items as food and labor costs continue to climb. The “$1 Your Way Menu,” which rolls out December 28, has four items: A bacon cheeseburger, Chicken Jr. sandwich, fries and a soft drink. Its arrival

SoftBank wants in on one of Wall Street’s hottest trends as it looks to beef up its tech portfolio once again. On Monday, the Japanese conglomerate revealed plans to raise over half a billion dollars in New York through an initial public offering of a special purpose acquisition company (SPAC). The newly created firm, SVF

France has suspended transport links with Britain after a new Covid-19 variant emerged in southern England, adding to growing chaos at UK ports and giving the country a taste of the potential disruption to food and other vital supplies that could accompany a “no-deal” Brexit in just 10 days’ time. Dozens of countries in Europe

It was a bumpy ride for US stocks on Monday as worries over a new variant of the coronavirus overshadowed the news of a second pandemic relief bill that was agreed to in Washington late Sunday. The market finished mixed, with the Dow closing 0.1%, or 37 points, higher, while the broader S&P 500 ended

So much for Tesla getting a bump on its first official day in the S&P 500. Shares of Tesla fell more than 6% Monday, dipping along with the broader market because of concerns about a new variant of Covid-19 and some disappointment over the relatively small stimulus deal reached in Washington. The Tesla sell-off accelerated

What started off as a meme-inspired parody cryptocurrency has now become the center of a series of tweets in a bitcoin sound-off from Elon Musk. The Tesla CEO tweeted some Bitcoin banter Sunday, including calling bitcoin BS. He shouted out Dogecoin in a tweet saying, “One Word: Doge.” The tweet sent shares of Dogecoin up

Tesla’s fortunes have made quite a journey since April 2018, when CEO Elon Musk posted a photo on Twitter of himself apparently asleep, lying on a Model 3, holding a ragged cardboard sign that read “Bankwupt!” “There are many chapters of bankruptcy and, as critics so rightly pointed out, Tesla has them *all*” Musk tweeted,

Despite the pandemic, 2020 was a landmark year for the commercial space industry. SpaceX became the first company ever to send humans to space aboard a privately owned spacecraft. The US government continued to work closely with startups and space businesses to put humans back on the Moon. And, helped by governments declaring them “essential

US stocks tumbled Monday as worries over a new variant of the coronavirus overshadowed the news of a second pandemic relief bill that was agreed to in Washington late Sunday. Stocks fell sharply at the opening bell and continued to trade in the red. The Dow sank 270 points, or 0.9% in the late morning,

Walmart is attempting to solve one of the biggest pain-points of online shopping — the dreaded return — with a new service. The retailer announced Monday that it will pick up items shipped and sold by Walmart.com from customers’ homes through a new partnership with FedEx. Walmart said the “incredibly convenient” option is free and

Investors had hoped to celebrate the moment US lawmakers agreed on a new stimulus package to help America’s ailing economy. Instead, the emergence of a new variant of the Covid-19 virus in the United Kingdom has sent markets plunging, as anxiety about the pandemic again comes to the fore. What’s happening: Over the weekend, the

Walmart is attempting to solve one of the biggest pain-points of online shopping — the dreaded return — with a new service. The retailer announced Monday that it will pick up items shipped and sold by Walmart.com from customers’ homes through a new partnership with FedEx. Walmart said the “incredibly convenient” option is free and

Apple has placed a second major supplier in Asia on probation after finding that the company delayed payments to workers — a breach that apparently spurred vandalism at a factory in India earlier this month. The Silicon Valley tech firm launched an investigation after local Indian media reported that workers vandalized an iPhone factory near

A meeting President Donald Trump held to discuss overturning the election result alarmed some White House staffers — people who are used to Trump’s inflammatory and anti-democratic rhetoric. With only a month remaining until President-elect Joe Biden will be sworn into office, Trump has been ramping up his efforts to remain president, while also trying

William Goldman, the famed screenwriter of classics like “Butch Cassidy and the Sundance Kid” and “All The President’s Men,” once said that “nobody knows anything” in Hollywood. If there was one quote that summed up the entertainment industry in 2020, that would be it. “This has been the craziest, most unpredictable and momentous year in