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US stocks started February on a better note, chipping away at some of the recent losses that turned the last week — as well as the last month — into the worst since October. After rallying all day, US indexes finished sharply higher. The Dow ended up 0.8%, or 229 points, while the broader S&P

A panel of House representatives is launching an investigation into how major meat processors and OSHA handled coronavirus outbreaks at meatpacking facilities. The House Select Subcommittee on the Coronavirus Crisis, chaired by Representative James Clyburn, said Monday that it has sent out letters to Tyson, Smithfield and JBS USA, along with the Occupational Safety and

If you thought the GameStop drama was over, think again. ICYMI: Last week, a tense showdown played out on Wall Street. It was a David vs. Goliath tale in which a band of amateur investors on Reddit took on Wall Street pros by inflating the share price of GameStop (and other securities). The mass buying

Move over GameStop, Reddit mania is spreading to the precious metals market. Silver futures surged as much as 13% to Monday, touching eight-year highs. That follows a 6% rally last week when some posts on the WallStreetBets group on Reddit called for betting on silver as a way to hurt big banks they believe are

Over the past few years, Google owner Alphabet’s stock had lagged compared to the stellar rise of big techs like the other FAANG members and Microsoft. That’s finally starting to change. But investors might be overlooking one major problem: potential regulatory risk. Alphabet is trading near an all-time high, thanks to strong digital advertising and

Stefanie Thompson tried for three weeks to help her parents and stepmother, each of whom have preexisting medical conditions, register for appointments to get a Covid-19 vaccine. She called reservation hotlines and woke up early to attempt signing them up on pharmacy and hospital websites. No luck. Then one night while scrolling Facebook, she happened

Nike’s newest shoe is “easy on, easy off” for those who cannot be bothered with the most minor inconveniences, like putting on shoes. Called the Go Flyease, it’s Nike’s first pair of lace-less sneakers that can easily be put on and taken off without using your hands. The casual shoe arrives at a time when

Robinhood received a startling 3:30 am call from its clearinghouse during last week’s Reddit-inspired market chaos asking for the free-trading app to put up a staggering $3 billion, co-CEO Vlad Tenev said Monday. “This was obviously nerve-wracking,” Tenev told Tesla boss Elon Musk during an interview on the platform Clubhouse. For context, Robinhood had raised

An army of amateur traders looking to run up the price of struggling stocks has jolted Wall Street and forced the world to pay attention. But as investors brace for more volatility, an important question needs to be answered: How have big banks and other financial titans been trading the action? The dominant narrative of

Prince Harry has settled a legal dispute with the Mail on Sunday and the MailOnline, accepting what his legal team called “significant damages” over an article alleging he had turned his back on the Royal Marines. Jenny Afia, a lawyer for the The Duke of Sussex, said in a statement to open court on Monday

Tesla CEO Elon Musk has declared his support for bitcoin, boosting the price of the cryptocurrency in the process. In an interview Sunday on audio-only social app Clubhouse, Musk said he should have bought the digital currency eight years ago. The audio was no longer available on Monday, but many listeners posted the interview on

Global stocks and US futures advanced Monday as Wall Street prepared for what could be another week of rocky trading fueled by small investors on Reddit. Silver futures surged as online attention shifted to the precious metal. Dow futures were last up 177 points, or 0.6%, reversing course from a 0.8% tumble earlier. S&P 500

Melvin Capital, a premier Wall Street hedge fund entangled in the frenzy over GameStop, lost 53% in January, a source familiar with the matter told CNN Business. Melvin, a major short-seller of GameStop, bet that the company’s shares would drop. But, on January 11, GameStop announced new board members who could help it with digital

Senator Elizabeth Warren doesn’t know who’s right and who’s wrong in the GameStop saga, and that’s driving her nuts. “We actually don’t know who all the players are in all this — whether there’s big money on both sides,” Warren told Dana Bash on “State of the Union” Sunday. “That’s why we need an SEC

Congresswoman Marjorie Taylor Greene, a Trump-backed QAnon supporter, is a fountain of misinformation, conspiracy theories and hateful rhetoric, and most mainstream media outlets are covering the controversy. But Fox News is still wrapped up in attacking Congresswoman Liz Cheney. Cheney, a Wyoming congresswoman and the No. 3 House Republican, has been the target of both

Leaders of five historically Black colleges and universities met with Google CEO Sundar Pichai on Friday to discuss the company’s relationship with the schools in the wake of anti-HBCU-graduate discrimination allegations made by a former Google employee. On December 21, ex-Google diversity recruiter April Curley tweeted that she had been fired by the company in

Tesla posted its first full year of net income in 2020 — but not because of sales to its customers. Eleven states require automakers sell a certain percentage of zero-emissions vehicles by 2025. If they can’t, the automakers have to buy regulatory credits from another automaker that meets those requirements — such as Tesla, which

Say what you will about the GameStop mania. It does illustrate one positive thing about today’s stock market: There are still some people willing to invest in individual companies instead of merely tossing their money into index funds. The rise of Reddit’s WallStreetBets crowd and others taking advantage of no-fee trading on brokerages like Robinhood

Samsung, the world’s biggest phone maker, is also one of the largest consumer electronics and appliance makers in the world, selling everything from televisions to refrigerators. So we were wondering: How much would it cost the ultimate Samsung fan if they could spend all they wanted on each of Samsung’s highest-end devices? In December —

If you felt like a new fried chicken sandwich debuted every day in January, you’re not far off. Some chains tried their best to slim down, while others did the exact opposite. The flurry of chicken sandwich additions are notable because several chains have eliminated a number of items over the past year to shed