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Right-wing cable channel Fox News largely ignored the passage of President Joe Biden’s enormous $1.9 trillion coronavirus relief bill on Wednesday, devoting little time on-air to reporting on the legislation as it passed in the House of Representatives. In contrast to CNN and MSNBC, Fox did not air live coverage of the proceedings in the

Investors weren’t making the trademark “oof” Roblox death sound Wednesday. Shares of the popular video game platform debuted on Wall Street and surged nearly 55% to $69.50, valuing the company at more than $45 billion. Roblox describes itself as a “metaverse” where players can make their own avatars and environments to play in, such as

Meghan, Duchess of Sussex, made a formal complaint to British broadcaster ITV relating to Piers Morgan’s comments about her mental health, CNN has learned. ITV announced on Tuesday that Morgan would leave the program he hosted, “Good Morning Britain,” after he cast doubt on whether Meghan had suicidal thoughts, a major revelation from her blockbuster

Investors weren’t making the trademark “oof” Roblox death sound Wednesday. Shares of the popular video game platform debuted on Wall Street and promptly surged more than 40% to $64.50, valuing the company at about $42 billion. Roblox describes itself as a “metaverse” where players can make their own avatars and environments to play in, such

Shaquille O’Neal, Colin Kaepernick, Jay-Z and other celebrities are jumping into the SPAC boom. And the SEC is getting worried. “Never invest in a SPAC based solely on a celebrity’s involvement,” the agency warned the public in an alert Wednesday. The warning comes as professional athletes, politicians and pop stars lend their star power to

Elon Musk lost tens of billions of dollars last week. He made nearly all of that back in a single day, Tuesday, following a 20% rally in Tesla’s stock. Musk added $25 billion to his net worth yesterday, bringing his total fortune to $174 billion according to Bloomberg Billionaires Index. It’s a stark reversal from

On a bustling Tuesday morning, Xiomy de la Cruz greets volunteers at a local food bank and tasks them with the day’s assignments — distributing canned food, meat, and rice to dozens of people who have come to rely on the pantry for their week’s supplies. But just over a year ago, de la Cruz

General Electric is selling off its aircraft leasing business, closing the books on its once mighty GE Capital unit, the financial arm of the company that had been its largest business and one of the world’s most dominant financial institutions. GE is selling the aircraft leasing business known as GECAS to rival AerCap, an Ireland-based

Starbucks wants you to buy more of its coffee at the grocery store. So it’s offering up something more on-trend than the bottled Frappucinos of years past. The coffee company’s new line, Cold & Crafted, is available nationally in retail locations on Wednesday. The line is launching with three flavors: Coffee Sweetened Black, Coffee with

One year after it began, the Covid-19 pandemic nightmare is nearly over. With millions of Americans getting vaccinated each day and the imminent passage of the massive American Rescue Plan, we are starting to approach herd immunity, and, in a couple of months the economy will be enjoying rip-roaring growth. Barring any other major unforeseen

Clorox got a huge boost from worried consumers continually wiping down surfaces at home during the height of the pandemic. But now that more people are venturing out of their houses thanks to Covid-19 vaccines, Clorox is evolving its marketing strategy to focus more on businesses. The household products company announced a new initiative Wednesday,

The US economy added 379,000 jobs last month, far more than economists had expected, signaling the labor market recovery is finally gaining steam. The January numbers were also revised sharply higher to 166,000 added jobs versus 49,000 initially reported. The leisure and hospitality industry added the most jobs in February with 355,000 new positions as

The average paycheck for American workers has gotten bigger during the pandemic. Ordinarily that would be cause to jump for joy. But the reason for this increase is grim: Millions of low-income jobs are gone, and that has pushed average pay higher. “When the bottom drops out, the average is different,” Elise Gould, senior economist

The national unemployment rate is masking how much some groups are still struggling in the pandemic economy. That’s why the Federal Reserve looks at more than just the average jobless numbers to determine the nation’s economic health. “When we say maximum employment is a broad and inclusive goal, we don’t only look at the headline

The American job market is nowhere near fixed. Nearly one year into the pandemic, the nation is still down nearly 10 million jobs. Another 745,000 Americans filed for first-time unemployment benefits on a seasonally adjusted basis last week, the Labor Department reported Thursday. It was a slightly smaller number of claims than economists had expected,

GameStop shares climbed rapidly and were halted twice for volatility ahead of the closing bell Wednesday. The gaming retailer’s stock was priced at $91.71 at market close, up nearly 104% from the previous day. Shares were halted once around 3:40pm ET after climbing nearly 74%, and again just over 10 minutes later after gaining 104%.