Money

Last year was looking like a record breaker for Chris Wiseheart’s transport company in Prague. Wiseheart, originally from Detroit, had built the business over nearly two decades from an airport shuttle service to a chauffeur outfit sought out by the crews behind music’s biggest names. Think Madonna, AC/DC and Metallica. He was gearing up to

Marriott International’s president and CEO Arne Sorenson is reducing his demanding schedule for “several months” as he continues to fight pancreatic cancer. Sorenson, 62, is dialing back his duties to “facilitate more demanding treatment for pancreatic cancer,” the company announced Tuesday. He was diagnosed with stage 2 pancreatic cancer In May 2019. “While I have

St. Patrick’s Day is several weeks away, but McDonald’s is already getting ready with the arrival of the Shamrock Shake. Beginning February 15, the fan-favorite milkshake as well as an Oreo Shamrock McFlurry will go on sale at US restaurants for a limited time. These temporary offerings, which include not only holiday items but also

2020 was supposed to be the kickoff of the streaming wars — the year when new contenders battled Netflix to take their own slice of the streaming pie. Then the pandemic happened. Instead of finding itself under siege, Netflix further cemented its supremacy with massive subscriber numbers and hit after hit. As for the rest

Hedge funds that bet against GameStop and other stocks have been crushed by the Reddit army — and they’re infecting the rest of Wall Street. The most heavily shorted stocks have nearly doubled in value over the last three months, according to Goldman Sachs. Those staggering gains created distress for short-sellers, setting off a negative

Nike’s newest shoe is “easy on, easy off” for those who can’t put their shoes on without assistance — or cannot be bothered. 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

The silver market is the latest flashpoint in the Reddit mania that took over Wall Street last week. 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

Jared Isaacman, an entrepreneur behind a payment processing startup, is funding a multimillion trip to space aboard a SpaceX Crew Dragon capsule, which could be the first-ever orbital flight crewed entirely by non-astronauts. Isaacman, 37, said he will command the mission, which is slated for late-2021 and will see the spacecraft make a “multi-day” trip

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