Category Archives: CNN – Business

Another 778,000 Americans filed first-time unemployment claims last week

Another 778,000 Americans filed first-time unemployment claims last week

The recovery in the American job market is still painfully slow. Another 778,000 people filed for first-time unemployment benefits last week on a seasonally adjusted basis. That was more than the 735,000 initial jobless claims that economists were expecting, and it’s also higher than last week’s revised number of 748,000. It’s the second straight week…MORE

Dow 30,000: How the market rally defied a pandemic

Dow 30,000: How the market rally defied a pandemic

Markets have reached a new milestone in the middle of a bruising pandemic, another sign that investors have been more than willing to look past short-term pain toward better days ahead. What’s happening: The Dow topped 30,000 points on Tuesday for the first time ever, a symbolic win for the market bulls that have bet…MORE

Global stocks press pause after Wall Street extends its huge rally

Global stocks press pause after Wall Street extends its huge rally

Global stocks were mixed on Wednesday after the Dow closed above 30,000 points for the first time, hitting pause on a market rally that has been fueled by encouraging vaccine news and signs that a formal transition of power is underway in Washington. US stock futures were little changed ahead of the open. Dow futures…MORE

Nearly 1 million Sunbeam Crock-Pots recalled for burn risks

Nearly 1 million Sunbeam Crock-Pots recalled for burn risks

Sunbeam Products is voluntarily recalling more than 900,000 of its Crock-Pot 6-Quart Express Crock Multi-Cookers for a potential burn hazard. The recall news comes just two days before Thanksgiving. The problem, according to the United States Consumer Product Safety Commission (CPSC), is “the recalled Crock-Pot multi-cooker can pressurize when the lid is not fully locked.”…MORE

Fox News settles lawsuit with family of Seth Rich

Fox News settles lawsuit with family of Seth Rich

The parents of Seth Rich, a Democratic National Committee staffer whose unsolved murder became the basis for right-wing conspiracy theories, settled their lawsuit with Fox News on Tuesday. “The settlement with Fox News closes another chapter in our efforts to mourn the murder of our beloved Seth, whom we miss every single day,” the parents,…MORE

BuzzFeed is buying HuffPost — and inheriting its diversity issues

BuzzFeed is buying HuffPost — and inheriting its diversity issues

About an hour after the news that BuzzFeed is acquiring HuffPost first broke, BuzzFeed chief Jonah Peretti held an all-hands for HuffPost staffers over Google Meet. Peretti appeared enthusiastic and optimistic, according to two HuffPost staffers who were on the call, and those feelings were shared by some members of the staff at HuffPost, but…MORE

Sidney Powell is a beacon of hope to sad Qanon supporters

Sidney Powell is a beacon of hope to sad Qanon supporters

A few weeks before the election I went to a meeting of QAnon fanatics in Scottsdale, Arizona. The groupthink there: President Trump was not only going to win the election — he was going to win it in a landslide. Anything other than that result would be evidence of mass election fraud. That, of course,…MORE

This new firm will count the Queen and the Forbes media family as clients

This new firm will count the Queen and the Forbes media family as clients

A UK investment company with ties to Queen Elizabeth II is teaming up with an American rival that manages money for some members of the family behind Forbes Magazine. FWM Holdings, the parent company of the Forbes Family Trust, and Stanhope Capital, which advises the Queen on her £538 million ($718.7 million) private investment portfolio,…MORE

The Dow just hit 30,000. It was a long road to get there

The Dow just hit 30,000. It was a long road to get there

Dow 30,000 is a milestone nearly 125 years in the making. The average began tracking the most powerful corporate stocks in 1896, and it has served as a broad measure of the market’s health through 22 presidents, 24 recessions, a Great Depression and two global pandemics. Along the way, it also weathered at least two…MORE