Money

Foreign companies are turning their backs on the United States, taking advantage of China’s booming economy and superior management of the Covid-19 pandemic. Direct investment in the US by foreign companies plummeted 49% to $134 billion last year, according to a report released Sunday by the United Nations Conference on Trade and Development. By contrast,

As stocks hit record highs, Wall Street banks are getting more and more inquiries about whether the boom, which has some parallels to the dot-com era, will result in a similar bust. What’s happening: “We are receiving numerous questions [about] whether a bubble is potentially forming in financial markets,” Mislav Matejka, JPMorgan’s head of global

Nine months. That’s how long it took the world’s top 1,000 billionaires to recoup their fortunes after the coronavirus pandemic hit. More than a decade is how long it could take the world’s poorest to recover, according to Oxfam International’s annual inequality report. The report, released on Sunday ahead of the World Economic Forum’s virtual

Most people who buy things online just have to worry about their deliveries being delayed or never arriving. But some people are dealing with a different problem altogether: getting weird stuff like hair clippers, face creams and sunglasses they never even ordered at all. The Federal Trade Commission and cyber experts have been warning consumers

Luxury chocolatier Godiva is getting out of the brick and mortar business. The company is closing or selling all 128 of its brick-and-mortar stores in North America, it announced in a statement. It plans to complete the closures and sales by the end of March. Godiva will keep its stores open across Europe, Middle East

Many once-loyal members of Mar-a-Lago are leaving because they no longer want to have any connection to former President Donald Trump, according to the author of the definitive book about the resort. “It’s a very dispirited place,” Laurence Leamer, historian and author of “Mar-a-Lago: Inside the Gates of Power at Donald Trump’s Presidential Palace,” told

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. When Congressman Michael McCaul, a Republican from Texas, announced that he would vote against the second impeachment of President Trump earlier this month, he hinted that he might regret it someday. McCaul said he wanted

Nine months. That’s how long it took the world’s top 1,000 billionaires to recoup their fortunes after the coronavirus pandemic hit. More than a decade is how long it could take the world’s poorest to recover, according to Oxfam International’s annual inequality report. The report, released on Sunday ahead of the World Economic Forum’s virtual

If you thought Fox News would dial down the highly charged rhetoric after Donald Trump left office, you’d be mistaken. It is not slowing down when it comes to bashing President Joe Biden. The network, which has long attacked Democrats, has noticeably ramped up the war of words about Biden since Inauguration Day. “These channels

Larry King often came across as the guy who sat next to somebody on an airplane and started up a conversation by asking: “So what do you do?” Except sometimes that person was Vladimir Putin, or Marlon Brando. And they wouldn’t get annoyed. That was King’s gift — he didn’t grill people, he chatted them

Larry King, who died Saturday at the age of 87, “had a history-making career spanning radio and television,” CNN president Jeff Zucker wrote in a tribute to the iconic broadcaster. The long-time broadcaster King hosted “Larry King Live” on CNN for 25 years, making him one of the most recognized hosts in cable news history.

Intel investors and analysts got their first glimpse at incoming CEO Pat Gelsinger’s vision for the company during its earnings call on Thursday. Gelsinger, who starts his job on February 15, has a challenging task ahead: Intel has fallen behind competitors in manufacturing the most advanced chips, putting it at risk of losing share in

Former Trump economic adviser Kevin Hassett broadly supports President Joe Biden’s $1.9 trillion rescue package as a way to keep the coronavirus-ravaged economy afloat. “They’ve thrown a lot of stimulus at it,” Hassett told CNN Business on Thursday, “but I think we need to be risk averse.” The former Trump administration official fears that without

Tom Brokaw is formally retiring from NBC News after an extraordinary 55 years with the network. Brokaw, 80, is best known for anchoring the “NBC Nightly News” from 1982 through 2004. He has been the network’s senior correspondent in recent years, enjoying a form of semi-retirement while contributing essays to NBC and MSNBC programs. In