It’s not a surprise that stocks mostly rallied Wednesday and were up again Thursday morning, despite the ugly and tragic events during a riot at the nation’s Capitol. It’s simply a case of history repeating itself. Wall Street has often been unfazed by civil unrest in America. As long as the turmoil didn’t have a
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Facebook’s restrictions on President Donald Trump’s account will continue for at least the next two weeks and perhaps “indefinitely,” CEO Mark Zuckerberg said in a blog post on Thursday. “We believe the risks of allowing the President to continue to use our service during this period are simply too great,” Zuckerberg wrote in the post.
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Elon Musk is getting close to grabbing the title of world’s richest person from Amazon CEO Jeff Bezos. The Bloomberg real-time billionaire tracker now has the two multi-billionaires within $3 billion of each other, with Bezos at $184 billion and Musk at $181 billion. Bill Gates is now a distant third at $132 billion, according
Continue Reading Late-night hosts, typically some of the most jovial personalities on television, were somber and angry Wednesday night after rioters stormed the halls of Congress in a failed attempt to block the certification of President-elect Joe Biden’s Electoral College victory. Stephen Colbert, the top rated late-night host, kicked off a special live version of CBS’ “The
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The jobs recovery has run out of steam as the pandemic continues to spread across the country and world. Last week, another 787,000 Americans filed for unemployment benefits, adjusted for seasonal changes, the Labor Department reported Thursday. It was a slight decrease in claims from the prior week and marginally fewer than economists had expected.
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Elon Musk is getting close to grabbing the title of world’s richest person from Amazon CEO Jeff Bezos. The Bloomberg real-time billionaire tracker now has the two multi-billionaires within $3 billion of each other, with Bezos at $184 billion and Musk at $181 billion. Bill Gates is now a distant third at $132 billion, according
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Corporate America is speaking out forcefully against Wednesday’s riots in Washington, in which the US Capitol was breached by supporters of President Donald Trump. The US Capitol is once again secured but four people died during the chaos that engulfed the nation’s capital after Trump urged his supporters to fight against the ceremonial counting of
Continue Reading Facebook and Twitter took the extraordinary step on Wednesday of locking President Donald Trump’s account on their platforms after his supporters stormed the Capitol building to protest the election. Twitter said it has locked President Donald Trump’s account for 12 hours, and warned for the first time that it may suspend him permanently. The temporary
Continue Reading It was a shocking day in American history after a mob of President Donald Trump’s supporters stormed the Capitol, engulfing one of country’s most iconic buildings in chaos and disrupting the electoral vote count. Urged on by the president, Trump supporters went on a rampage, damaging property and forcing lawmakers to take cover in an
Continue Reading Jeff Immelt’s 16 years at the helm of General Electric left the company in shambles. The once-great company was drowning in debt, under fire from authorities and facing severe financial stress. A year after he stepped down as CEO in 2017, GE’s crumbling stock was kicked out of the Dow Jones Industrial Average for the
Continue Reading Corporate America is speaking out forcefully against Wednesday’s riots in Washington, in which the US Capitol was breached by supporters of President Donald Trump. The US Capitol is once again secured but four people died during the chaos that engulfed the nation’s capital after Trump urged his supporters to fight against the ceremonial counting of
Continue Reading Shares in Alibaba and Tencent were rocked in Hong Kong on Thursday following reports that they could be the next casualties of President Donald Trump’s scorched earth campaign against Chinese tech. Washington is considering prohibiting Americans from investing in the two companies, the Wall Street Journal and Reuters reported Wednesday, citing people familiar with the
Continue Reading A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. The events on Capitol Hill on Wednesday, January 6, 2021, will be remembered as an act of domestic terrorism against the United States; as a national tragedy; and as a real-life manifestation of online radicalization.
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Wednesday’s assault on the US Capitol by President Donald Trump’s supporters has created a crisis moment for the tech companies that have given him a free platform to incite violence and spread debunked claims of election fraud to his fervent supporters. After hours of silence while their sites were swarmed with images of rioters breaking
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While many Americans were stunned as they watched rioters descend on the Capitol and clash with police, there has been chatter for days on various social media platforms about the prospect of Wednesday’s protests turning violent. Ahead of protests organized to contest the formal counting of electoral votes in Washington DC, calls for violence could
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The National Association of Manufacturers, one of the most influential business groups in the US, called on Vice President Mike Pence Wednesday to consider removing President Donald Trump from office. The statement from Republican-leaning NAM, the nation’s largest manufacturing association, marks perhaps the strongest political statement by a major business group in modern history. And
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The National Association of Manufacturers, one of the most influential business groups in the US, called on Vice President Mike Pence Wednesday to consider removing President Donald Trump from office. The statement from Republican-leaning NAM, the nation’s largest manufacturing association, marks perhaps the strongest political statement by a major business group in modern history. And
Continue Reading When pro-Trump rioters breached the Capitol building on Wednesday, the TV cameras in the House and Senate chambers were abruptly turned off. Thankfully there were quick-thinking reporters and photographers inside the Capitol who showed the world what happened next. The tweets and dispatches described unbelievable scenes — an armed standoff, vandalism, terroristic threats — and
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Wall Street shrugged off a shocking day in America’s history Wednesday as Trump supporters stormed the US Capitol in a violent attempt to disrupt the Congress’ electoral count. Yet if you looked only at the stock market’s performance, it was good day. The Dow closed at a new all-time high and breached 31,000 points for
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Facebook, Twitter and YouTube took action on President Donald Trump’s posts Wednesday in the wake of riots at the US Capitol from his supporters, but the platforms stopped short of suspending the President’s accounts despite growing pressure from advocacy groups and prominent figures. Facebook and YouTube each removed President Donald Trump’s video from earlier in
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