Elizabeth Warren wins: Banker drops out of Treasury job nomination
The senator from Massachusetts has a lot of supporters from the left who view the news as a victory. – Chicago Mercantile Association: Certain market data is the property of…
Category: Business
Russia faces wave of bankruptcies
The impact of Western sanctions imposed over Russia’s actions in Ukraine has sparked a cash crunch by shutting many companies out of international funding markets. A collapse in the ruble,…
ESPN’s $7.3 billion bet on college football playoff pays off
However, last year’s Super Bowl pulled in 111 million viewers, or about four times the audience of the college playoff’s semifinal games. – Chicago Mercantile Association: Certain market data is…
Congress is getting richer
Representative David Valadao claimed the spot as poorest lawmaker for the third year in a row. The California Democrat is $11.6 million in the hole, mainly due to large revolving…
Shares in Li Ka-Shing’s companies surge
The overhaul took analysts by surprise, but their reactions have been positive. – Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors….
Detroit Auto Show: GM’s new Volt and Bolt
Today’s Chevrolet Volt can go about 35 miles on a full charge, according to EPA estimates, but the new Volt will go roughly 50 miles, according to GM. Once that…
Premarkets: 5 things to know before the open
Property firm Cheung Kong (CHEUF) jumped nearly 15%, while investment holding firm Hutchison Whampoa (HUWHF) climbed almost 13% in Hong Kong trading. Both are owned by Li, 86, worth an…
The return of Charlie Hebdo: Magazine gets ready to publish again
The issue of Charlie Hebdo is scheduled to be shipped to newsstands on Tuesday and put on sale on Wednesday. Resuming publication is a triumphant moment for the magazine, and…
Mental health workers on strike for a week
It’s boosting staff to meet the growing need for mental health services, which has been partly driven by the recession, Nelson said. Plus, Kaiser’s membership has grown 8% since 2011….
Facebook ‘likes’ predict your personality
Separately, family and friends answered a 10-part questionnaire to evaluate participants on the same five personality traits. Related: Google snaps up artificial intelligence firm DeepMind Using the combined data, the…
A Democratic plan for big middle class tax breaks
Here is some of what Van Hollen’s proposal would create: A $1,000 paycheck bonus tax credit: This would provide every worker making up to $100,000 with a $1,000 tax credit…
Wildly profitable college football about to get more profitable
Those figures are based on a CNNMoney analysis of 2013-2014 figures submitted to the U.S. Department of Education by each school. They show that the 64 schools in the five…
Stephen Colbert’s ‘Late Show’ premiering September 8
It allows CBS (CBS) to license the show in ways it couldn’t because Letterman’s late night broadcast was owned by his own production company, Worldwide Pants. – Chicago Mercantile Association:…
CNN cleared to test drones for reporting
As a result, the FAA has set up a handful of largely uninhabited regions across the country where people can test out drones for commercial use. Currently, the agency only…
McDonald’s new ad: Brilliant or tasteless?
But others felt that the ad, which aired prominently during NFL playoff games Sunday afternoon as well as the Golden Globes award telecast Sunday night, was insensitive. “Maybe instead of…
Derision for Bill Cosby at Golden Globes
The host then broke into a Cosby impression. Related: Bill Cosby back on stage “I put the pills in the people!” Fey said with a Cosby voice. “The people didn’t…
Alleged Silk Road kingpin gets his day in court
At one point, Ulbricht faced even more serious charges. He was accused of soliciting six murders-for-hire as part of a plan to protect the site. Five of those charges have…
Fox says Dish is ‘censoring’ the news as blackout drags on
Every minute of the day, Fox News has an average of 1 million people watching at homefar higher than CNN’s 400,000 viewers or MSNBC’s 350,000 viewers. During prime time, Fox’s…
Anonymous blocks jihadist website in retaliation for Charlie Hebdo attack
“We, Anonymous around the world, have decided to declare war on you the terrorists,” it said. Anonymous said the video was a message for “al Qaeda, the Islamic State and…
Meet the cars of the future
BMW sees smartwatches benefiting drivers in the near future. For example, your car will communicate with your smartphone’s digital calendar to recommend and enhance navigation route guidance. In some 2016…
Get ready for a tale of two earnings seasons
But don’t expect those energy troubles to ruin the party for everyone else. “Overall, we expect more winners from cheap oil than losers, with another good performance by Corporate America,”…
Kansas tax cuts on trial amid huge budget deficit
Tax experts lament that the cuts were poorly structured. “The goals behind them aren’t bad. But the cuts weren’t properly targeted,” said Lori McMillan, a law professor at Washburn University…
Amazon and Netflix up for Golden Globes tonight
“Orange is the New Black” by Netflix is also vying for the best comedy award. And Netflix’s “House of Cards” is up for best drama for the second year in…
Detroit Auto Show: GM to unveil Chevrolet Bolt electric car that can go 200 miles on a single charge
Earlier this week, GM (GM) briefly revealed its next-generation Chevrolet Volt plug-in car at the Consumer Electronics Show in Las Vegas. – Chicago Mercantile Association: Certain market data is the…
Retailers walk line with ‘Je Suis Charlie’ merchandise
Just days after the Boston Marathon bombing, official jackets, medals, and even items used by participants were available for sale online. Ebay took most of them down, citing violation of…
Wealthiest Americans say the poor have it easy
The wealthy and the poor also disagree on corporate profits. The rich say most corporations make a “fair and reasonable amount of profit,” while 65% of the poor believe corporations…
Don’t expect a big boost in wages in 2015
Share your story: Are you expecting a raise in 2015? The mixed jobs report sent the stock market down Friday. – Factset: FactSet Research Systems Inc. 2015. All rights reserved….
High calories = high stock prices?
Related: 10 fantastic food festivals for 2015 Fancy some quick Mexican? Chipotle (CMG) is near an all-time high. (The calorie counts on those burrito bowls quickly add up when you…
BBC scraps old guidance and runs image of Mohammed
On Thursday, the official Twitter account for “Question Time” shared a link to BBC’s editorial guidelines, but that page appears to have been taken down. – Chicago Mercantile Association: Certain…
Oh, so you think stocks will crash?
Before you panic and liquidate your account, the most important line in Business Insider’s article is this: “On the bright side, this indicator may be a contrarian indicator.” Bingo. Related:…