Money

Big banks, climate activists and banking reform advocates don’t agree on much, but they joined forces to denounce a proposed Trump administration rule that would make it harder for banks to cut ties with the fossil fuel industry. The rule, adopted Thursday by the Office of the Comptroller of the Currency, requires large banks to

The record stock market run is great news for BlackRock: The owner of the super popular iShares family of exchange-traded funds reported earnings and revenue for the fourth quarter Thursday that easily topped forecasts. BlackRock, the world’s largest money management firm, ended the year with nearly $8.7 trillion in total assets — an increase of

Christopher & Banks is joining the long list of retailers filing for bankruptcy and disappearing from America’s malls. The womenswear company filed for Chapter 11 on Thursday, a result of “financial distress resulting from the pandemic and its ongoing impact,” it said. Christopher & Banks, which has approximately 400 locations in 44 states, said it

Germany’s economy held up better in the pandemic than it did during the global financial crisis, despite a second wave of lockdowns in the fourth quarter and the reversal of more than a decade’s growth in employment and trade. The country’s Federal Statistics Office on Thursday forecast a 5% contraction in the economy in 2020

Delta Air Lines closed the books on the worst year in its history. Thursday, Delta reported a record $6.8 billion loss for 2020, excluding special items. Including those items, its net loss for the year was $12.4 billion. A year earlier, Delta had reported record revenue and operating profits. Delta, the first major air carrier

Stocks rallied to record highs as a mob descended on the US Capitol. But now that President Donald Trump has become the first American president in history to be impeached twice, investors are taking a moment to recalibrate. “Everyone’s trying to balance what this means in the short term,” JJ Kinahan, chief market strategist at

With the coronavirus pandemic shuttering theaters for months on end and major blockbusters delayed into an unforeseeable future, 2020 was one of the worst years in domestic box office history. The domestic box office, which includes the United States and Canada, ended 2020 with $2.2 billion in revenue, according to Comscore. That’s a massive 80%

Chinese technology company Huawei is backtracking on a patent application it filed for a facial recognition system intended to identify Uyghurs from other Chinese ethnicities. Filed in July 2018 by Huawei and the government-affiliated Chinese Academy of Sciences, the patent application said the “identification of pedestrian attributes is very important” in facial recognition technology. “The

China was already outperforming every other major world economy last year as the coronavirus pandemic upended the globe. It looks like the country’s relatively sure footing also gave it the edge in its trade war with the United States. The world’s second biggest economy closed out 2020 with an overall trade surplus of $78 billion

When Chobani started selling Greek yogurt in 2007, it upended the market. Now, it wants to do the same for iced coffee. This week, Chobani is launching a new line of refrigerated, ready-to-drink coffees. The new product comes in four flavors: one black cold brew option, one with oat milk, one with sweet creamer, and

US President Donald Trump has been permanently banned from Snapchat, according to a statement by the platform Wednesday. “Last week we announced an indefinite suspension of President Trump’s Snapchat account, and have been assessing what long term action is in the best interest of our Snapchat community,” a Snapchat spokesperson said. “In the interest of

China’s leader has called on Starbucks’ former chairman Howard Schultz to help promote US-China relations, according to Chinese state media. State-run news agency Xinhua reported on Thursday that Chinese President Xi Jinping had written to Schultz, encouraging the American billionaire and the global coffee giant he ran for years to improve economic and trade ties.

Taco Bell knows you’re upset about losing potatoes. It’s sorry it hurt you. And it’s bringing them back. Last year, Taco Bell cut a number of items from its menu, including two dishes that featured its seasoned potato bites: Cheesy Fiesta Potatoes and the Spicy Potato Soft Taco. Those two items will be back in

Twitter CEO Jack Dorsey has defended his company’s decision to ban President Donald Trump, while acknowledging that the move stems from its failure to promote “healthy” conversations and sets a “dangerous” precedent. “I believe this was the right decision for Twitter,” Dorsey said in a series of 13 posts on his platform, citing “extraordinary and

Taco Bell knows you’re upset about losing potatoes. It’s sorry it hurt you. And it’s bringing them back. Last year, Taco Bell cut a number of items from its menu, including two dishes that featured its seasoned potato bites: Cheesy Fiesta Potatoes and the Spicy Potato Soft Taco. Those two items will be back in

Costco is closing its photo centers at all of its roughly 800 stores next month, ending a number of services that have a decidedly retro vibe. Four services will no longer be available to shoppers when the centers will shut down on February 14, including ink refills, the ability to take passport photos, photo restoration

The American jobs crisis is escalating again. States have ratcheted up their virus-prevention measures to combat rising infection rates, and the job market has taken it on the chin. Another 965,000 people filed for first-time unemployment benefits on a seasonally adjusted basis in the United States last week, the Labor Department reported Thursday. That was