Demand for Chinese-made goods is soaring as the world continues to bounce back from the pandemic. That's helping to calm fears about the recovery in the second largest economy.Exports reached $281 billion last month in US dollar terms, up 32%…
A version of this article first appeared in the "Reliable Sources" newsletter. You can sign up for free right here.With scrutiny of Big Tech intensifying every single week, an ambitious new book is measuring Facebook's missteps and miseries. As the…
Editor's Note: A version of this story appeared in CNN Business' Nightcap newsletter. To get it in your inbox, sign up for free, here.Today in business news: ICYMI Richard Branson went to space; many homebuyers are dropping out of the…
So much for Wall Street's bulls selling in May and going away on summer vacation. The Dow hit a new all-time high Monday, led by gains in Disney and big banks Goldman Sachs and JPMorgan Chase.The Dow ended the day…
Warren Buffett may be one of the richest people on the planet, but even the Oracle of Omaha has to recognize the power of the United States government.Buffett's Berkshire Hathaway announced Monday it was scrapping plans to buy a big…
The aristocratic family behind the Daily Mail is considering taking the tabloid newspaper off the London Stock Exchange, further concentrating UK media ownership in the hands of a few rich men.Daily Mail and General Trust (DMGT) — which owns the…
Billionaire Richard Branson's successful trip to space has bolstered enthusiasm among investors who see an industry primed for takeoff.What's happening: The Virgin Galactic founder's flight over the weekend aboard a spacecraft he helped fund was a landmark moment for the…
A parade of high-profile companies, including Coinbase, Bumble, Oatly, SoFi and Roblox, made their stock market debuts in the first half of 2021. The second half of the year could bring even more buzzy unicorns to Wall Street.Online broker Robinhood…
Tucker Carlson is furious with Fox News executives for not vigorously defending him amid his evidence-free claims that the National Security Agency spied on him in a conspiracy to destroy his TV show, according to people familiar with the matter.One…
Richard Branson became the first billionaire to reach suborbital flight in his own rocket-powered plane Sunday, setting the stage for how the media will cover wealthy individuals looking to build a business in space travel.Branson's flight is a landmark moment…
As business dried up during Covid-19 lockdowns last year, many restaurants fell behind on rent and had to lay off employees. That was especially true for Black-owned restaurants, which struggled to gain access to emergency capital early on.But restaurateurs who…
Marvel saved the day again. And this time it was in theaters and on Disney+."Black Widow," the latest film from Disney's blockbuster Marvel Studios, brought in an estimated $80 million in its North America opening this weekend. That was around…
Americans have witnessed some wild price hikes over the past few months. Shortages and supply chain issues across the world have sent the cost to make and move goods soaring and left consumers paying up.Since then, prices for some pandemic…
As the bitcoin craze took off in 2017, a Long Island iced tea company sent its share price spiking as much as 380% merely by announcing a "pivot" to blockchain technology. Long Island Iced Tea Corp. even changed its name…
Matthew Messer hauls solar panels on the roof of a home in Long Island, New York, hoisting them one by one in the 100-degree June heat. Messer is the owner of New York Solar Maintenance, but these days he's working…
Inflation seems unstoppable as the economy returns to normal.People are spending big again, with battered industries like travel and hospitality coming back to life. That has sent prices surging.A key measure of inflation, after stripping out more volatile food and…
Bitcoin investors have sold in May. It remains to be seen if they're going away for good.Bitcoin prices fell 8% Friday and have plunged about 36% in May — their worst monthly performance since September 2011.A steady torrent of bad…
As the Reddit crowd piles in, AMC shares are soaring — and no, that's not a headline from late January.What's happening: Shares of AMC Entertainment have shot up nearly 120% this week as amateur investors show renewed enthusiasm for the…
Nike said it cut ties with Neymar last year because the Brazilian soccer superstar refused to cooperate with an inconclusive investigation into sexual assault allegations made by one of the company's employees.The sports apparel giant confirmed in a statement to…
Costco is bringing back a pre-pandemic staple: Food samples.The warehouse chain announced that it's "beginning a phased return to full sampling" early next month after a 14-month hiatus. Roughly 170 US locations will bring back food samples in the first…
