Jack Ma loses $1.4 billion in a day
Related: Close Sesame! Alibaba plunges as sales miss – Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.
Category: Business
Tips For Joining Rising Number Of 401(k) Millionaires
Retirement savers achieved record balances in their 401(k) balances in 2014—thanks in part to the stock market’s gains—but the biggest winners were the thousands of workers who became newly minted…
Who actually benefits from Obama’s ‘Middle Class Economics’
A different picture emerges when one looks at just the individual income tax provisions. These include a credit for working couples and expanding the child care tax credit. That’s why…
Shake Shack workers get in on IPO riches
Shake Shack didn’t respond to CNNMoney’s requests for comment. It’s that kind of sentiment that workers at fast-food restaurants like McDonald’s (MCD) and Burger King would love to hear. –…
Russia slashes interest rates to avert slump
The ruble fell on news of the rate cut to trade at nearly 71 to the dollar. That’s down about 3% but still some way off the record low of…
Radio host Michael Medved says he has throat cancer
Medved said he’d like to return to his show shortly after his “last scheduled radiation treatment” on February 26. “The exact time of my return will be determined by my…
Taxing the rich: The record under Obama
Related: How Obama would close the ‘trust fund loophole’ That’s largely due to the following tax hikes that were part of the Affordable Care Act and the bipartisan fiscal cliff…
Super Bowl tickets are most expensive ever
In the past few years, many buyers have held out until the last minute and, in fact, got a good deal as prices fell in the days leading to the…
Seahawks’ Paul Allen is the NFL’s richest team owner
Related: Seahawks vs. Patriots – How do the fans measure up? – Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All…
January was a terrible month for stocks
The one exception was 2008, but that was the year of the financial crisis. “In an effort to note something positive we can say that while the index is down…
How, and Why, Apple Overtook Microsoft
Common Sense By JAMES B. STEWART When Microsoft stock was at a record high in 1999, and its market capitalization was nearly $620 billion, the notion that Apple Computer would…
Is $4.5 million for a Super Bowl ad worth it?
Related: Check out a preview of some of this year’s Super Bowl ads Oreo actually had a Super Bowl ad that ran on TV that year. But good luck trying…
Law Firm Founds Project to Fight 'Revenge Porn'
Now the former boyfriend has a new problem: A big law firm recently has come to the law student’s aid and is suing him in federal court in Los Angeles….
Will the Super Bowl get record ratings?
Prediction: 115.5 million “One of the few givens of a Super Bowl broadcast is that the game will set a new broadcast record. This year’s game features the two best…
Fake charities prey on your goodwill to make bank
Related: IRS warns of phishing tax scams, fake emails – Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.
Uber sued in U.S. over alleged India rape
The lawsuit seeks unspecified damages on behalf of the plaintiff, and the addition of safety measures including tamper-proof cameras and GPS tracking systems in Uber cars. The victim, who remains…
U.S. cracks down on shady ‘0%’ loan companies
“This type of loan is risky for consumers because if they fail to pay, they could lose their caran asset many of them can’t live without,” said Jessica Rich, director…
India Woman Sues Uber After Reporting Driver Raped Her
A woman who says an Uber driver raped her in New Dehli, India, on Thursday accused the company in a lawsuit filed in U.S. court of failing to properly investigate…
Soon, Not Even 1 Percent Of Fortune 500 Companies Will Have Black CEOs
When McDonald’s CEO Don Thompson officially steps down in March, there will be just four black CEOs in the Fortune 500. Even as politicians, pundits and the business community work…
Why You Should Tell Your Children How Much You Make
Your Money By RON LIEBER When Scott Parker wanted his six offspring to know more about the value of money, he decided to do something that many parents would consider…
Why Alibaba Stock Is Tanking
Alibaba stock plunged nearly 10 percent after the Chinese e-commerce giant reported sales that disappointed Wall Street and dealt with a regulatory spat in its home country. Alibaba, which made…
Fox’s ‘Empire’ defies TV trends, ratings rise again
The ratings growth in its second and third week was a feat that had not be seen on TV in over two decades, so to have the musical series’ numbers…
Nissan back in Super Bowl after 18 years
Related: Super Bowl 2015: Budweiser, a Clydesdales and a puppy Nissan has created a social media campaign about fatherhood leading up to the commercial’s airing. At a Web address created…
Hershey just bought a beef jerky company. Chocolate jerky?
Hershey’s shares dropped over 7% Thursday. The company’s fourth quarter sales of $2.01 billion missed analysts’ expectations of $2.06 billion, and earnings came in below forecasts as well. – Chicago…
Guantanamo detainee’s diary is a New York Times best seller
Despite his role as editor, Siems has never had any face-to-face interactions with Slahi. Journalists have been repeatedly denied in their attempts to speak with Guantanamo detainees since the facility…
Jobless claims lowest since 2000, but…
Jobless claims often jump around a lot from week to week, and last week included the Martin Luther King Jr. holiday, which may have made people less inclined to file…
American families are on financial thin ice
Related: This is why Obama is so concerned about the middle class – Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors….
Taco Bell: Emoji unfairly biased towards hamburger and pizza lovers
Taco Bell claims that its customers “have been asking for a taco emoji for years.” Current food and drink emojis include beer, wine, coffee, ice cream, a donut, a hamburger,…
Cost keeps uninsured from enrolling in Obamacare, even if they qualified for aid
Many, however, didn’t even try to sign up. The survey found that nearly six out of 10 uninsured people who appeared eligible for coverage through the health law did not…
Comcast changes customer name to A-hole on bill
Comcast (CCV) is fully aware of its reputation for bad customer service, and has apologized for it before. In one of the more public incidents, Comcast customer Ryan Block posted…