Category Archives: CNN – Business

Jack Ma cashes out billions of dollars in Alibaba shares as stock booms

Jack Ma cashes out billions of dollars in Alibaba shares as stock booms

Alibaba founder Jack Ma has sold billions of dollars worth of his shares in the Chinese ecommerce company over the past year as its stock has skyrocketed by about 50%. Ma, one of China’s richest people, cut his stake from 6.2% to 4.8%, according to the company’s annual report. The report did not say when…MORE

Dow surges then fizzles after stocks briefly turn positive for 2020

Dow surges then fizzles after stocks briefly turn positive for 2020

The remarkable stock market comeback of 2020 briefly had another notch in its belt Monday: Stocks once again turned positive for the year. But the sizable rally fizzled late in the day, and the market turned negative. California’s decision to close indoor spaces, such as bars, restaurants and movie theaters, made some investors question whether…MORE

National French Fry Day is today. Here’s where to grab free fries

National French Fry Day is today. Here’s where to grab free fries

Today is National French Fry Day and not even coronavirus can ruin America’s love affair with the crispy golden spuds. The annual July 13 celebration gives fry lovers nationwide a chance to score deals on fries. Here’s a few places offering free or discounted fries: McDonald’s french fry fans can get a free medium-sized order…MORE

Prosecutor Andrew Weissmann’s book on Mueller investigation already cleared by Trump administration, publisher says

Prosecutor Andrew Weissmann’s book on Mueller investigation already cleared by Trump administration, publisher says

Prosecutor Andrew Weissmann’s book about the Mueller investigation—which appears to be critical of the President—has been cleared by Trump administration reviewers, his publisher said on Monday. Random House announced Monday that Weissmann’s book, titled “Where Law Ends: Inside the Mueller investigation,” will publish on September 29. London King, a spokesperson for Penguin Random House, said…MORE

New York & Co. parent RTW Retailwinds files for bankruptcy

New York & Co. parent RTW Retailwinds files for bankruptcy

RTW Retailwinds, which owns women’s retailer New York & Co., has filed for bankruptcy, continuing the steady march of Chapter 11 filings for brands that were once mall staples. Last month, RTW bleakly warned its future was in “substantial doubt” and that a bankruptcy filing was imminent because of temporary closures caused by the pandemic.…MORE

Chipotle is testing cauliflower rice in some US restaurants

Chipotle is testing cauliflower rice in some US restaurants

Chipotle is testing cauliflower rice as customers’ tastes continue to shift toward healthier options. Beginning Wednesday, the cilantro-lime flavored rice alternative will be available in 55 restaurants in Denver and throughout Wisconsin for a limited time. Chipotle said in a release Monday the new menu item, its third over the past year, has been one…MORE

Fisker plans to go public in a $2.9 billion deal

Fisker plans to go public in a $2.9 billion deal

Fisker, an electric vehicle maker and considerably smaller rival to Tesla, is expected to become a publicly traded company following a merger backed by private equity firm Apollo Global Management. The two companies announced the $2.9 billion deal Monday, which is expected to close in the fourth quarter of this year. In the agreement, Fisker…MORE

Blogs

When the “Victims” Strike Back

A lot of terms were used to describe the man that opened fire on Republicans members of Congress at their baseball practice in Alexandria, Virginia on Wednesday.  “Bernie Sanders supporter”, “left wing extremist”, “disturbed”, and “troubled” were the most common used by those investigating the matter, those who were among the targets and those who…

Less Than Compelling

Usually us curmudgeons like to go on and on about how sports, music and movies were better in “our day”.  I think that you can add Congressional hearings to that list as well.  That’s what I was thinking during both the James Comey and Attorney General Jeff Sessions testimony the last couple of weeks.  While…

Un-settling the Science

While James Comey was sucking up all the oxygen in the room, there was a pretty major science announcement last week.  It turns out that the human species might be much older than we originally thought.  Fossils found in Morocco place our earliest ancestors on the planet as far back as 350-thousand years ago.  Until…

Open Week

Welcome to US Open week here in Wisconsin.  Many of you will be venturing down to Erin (or Hartford or Richfield–I’ve seen all three used to describe the location of the course in stories) for practice rounds the next three days–or for the competitive rounds Thursday through Sunday (and possibly Monday–more on that later).  Here…