Tuesday, November 24, 2020
General Motors will recall 5.9 million vehicles with potentially dangerous Takata air bag inflators after a US safety agency said Monday it had rejected the Detroit automaker’s petition to avoid the callback. The National Highway Traffic Safety Administration said GM...
Bitcoin rose to a nearly three-year high Friday, as investors continued to scoop the virtual currency on expectations it could well exceed its all-time peak of just under $20,000. Bitcoin surged to $18,766.79, the highest since December 2017, and was...
BuzzFeed is buying HuffPost from Verizon in a stock deal that will let the telecom giant retain a minority investment in the digital news and aggregation website, which had been struggling even prior to the pandemic. Jonah Peretti, founder and...
Goldman Sachs on Wednesday maintained its “overweight” recommendations for commodities in 2021, reasoning the sector was possibly the best hedge against likely inflation and poised for another bull market. The bank forecast a return of about 27 percent over a...
Walmart said Tuesday it was optimistic about its holiday sales prospects in a pandemic-ridden year after the big-box retailer beat Wall Street expectations for quarterly results as Americans increasingly shift their spending online. The surge in demand for essentials at...
Airbnb filed for its long-awaited initial public offering revealing widening losses and falling revenue as the pandemic has kneecapped the travel industry. In a so-called S-1 securities filing on Monday, the home rental company admitted that its loss for the...
A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here. There's at least one thing the pandemic hasn't changed: Private equity firms entered the Covid-19 crisis flush...
A cancer charity started by Joe Biden gave out no money to research, and spent most of its contributions on staff salaries, federal filings show. The Biden Cancer Initiative was founded in 2017 by the former vice president and his...
The Covid-19 pandemic brought the economy to a screeching halt, and while it has started its long road to recovery, the economy we knew is probably a thing of the past, said Federal Reserve Chairman Jerome Powell on Thursday. "We're...
White-collar staff reaping the financial benefits of working from home should be taxed to help other workers who aren’t getting the same advantages, experts at Deutsche Bank said in a new report. In its report on how to rebuild the...

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