Category: Business

Executives and CEOs from some of America’s biggest companies strongly condemned the violence in Washington on Wednesday after a lawless mob stormed the U.S. Capitol in what House Speaker Nancy Pelosi, D-Calif., called “a shameful assault” on democracy. “The scenes from Washington, D.C., today are shocking and scary for all of us,” Sundar Pichai, CEO […]

Legendary folk rocker Neil Young has sold 50 percent of his song catalog to the Hipgnosis Songs Fund, a U.K. investment vehicle founded by music industry veteran Merck Mercuriadis. The deal gives Hipgnosis the rights to the worldwide copyright and income interests from 1,180 songs composed by Young, and has been reported to have cost […]

What was on course to be the U.S. auto industry’s worst year since the Great Recession ended on a surprisingly upbeat note, with car and truck sales rebounding sharply as 2020 came to a close. Sales for 2020 are expected to come in at around 14.5 million, according to industry analysts. That would be down […]

The New York Stock Exchange says it is withdrawing plans to remove shares of three Chinese state-owned phone carriers under an order by President Donald Trump. The exchange cited “further consultation” with U.S. regulators but gave no other details of its decision in a notice issued late Monday. The NYSE earlier announced plans to remove […]

Wall Street’s norm-busting, record-shattering wild year has left market observers no less eager to prognosticate on what lies ahead for stocks, and the economy at large, in 2021. What makes this year’s predictions so different from everything that came before is the magnitude of uncertainty that lies ahead. “We now have a light at the […]

By overwhelming margins, shareholders of both Fiat Chrysler Automobiles and Peugeot parent Group PSA Monday morning approved a $58 billion merger creating the world’s fourth-largest automaker, Stellantis. The deal wraps up FCA’s decadelong search for a partner, after the automaker was previously rejected by rivals including General Motors and Volkswagen. Officials have suggested the merger […]

More than 200 Google employees in the United States have formed a workers’ union, the elected leaders of the union wrote in a New York Times opinion piece on Monday. The “Alphabet Workers Union” aims to ensure that employees work at a fair wage, without fear of abuse, retaliation or discrimination, the union heads wrote […]