Driving the news: The comedian of “The Office” fame has signed on as an “entertainment adviser” to Katie Haun, one of the most influential crypto investors in the world, per Fortune.
Malls may be in trouble, but big retailers haven’t given up on trying to give shoppers everything they need in one place.
Why it matters: The pandemic has prompted retailers to experiment with collaborations to win over customers who are making fewer trips and shopping more online.
Tesla is at risk of falling behind on one of the most critical products in the American auto industry: pickups.
Why it matters: Pickups are the most profitable segment in the business and account for the first, second and third best-selling vehicles in the country. Without a serious pickup strategy, Tesla could miss out on a huge source of future income.
Buoyed by strong sales of the iPhone 13, Apple on Thursday reported record quarterly revenue and earnings that were well ahead of Wall Street expectations.
Why it matters: Apple is seen as a bellwether for the broader tech economy. Given Apple's size, a good quarter for it often means good quarters for lots of other companies who supply its needed components.
Each chicken only has two wings, which create four wing pieces (two drumettes and two wingettes, to be precise) suitable for being fried, then doused in a mix of hot sauce and butter, then served to people watching NFL conference championship games this weekend.
So when demand for wings surges but demand for the rest of the chicken is steady, it creates big price swings — and a fun study in microeconomics.
Tesla CEO Elon Musk said on an earnings call Wednesday that the company will prioritize the development of a robot meant to perform tasks that now can only be carried out by humans.
Why it matters: Musk said he believes the robot "has the potential to be more significant than the vehicle business over time" and could revolutionize the economy by making labor constraints irrelevant.
A little-known, often-circumvented provision of the Federal Reserve Act is causing new problems for President Biden's nominees to the world's most powerful central bank.
Driving the news According to the law that established the Fed, each member of the seven-member Board of Governors must come from a different one of the 12 regional districts that divide up the U.S. Three of the president's nominees appear to live in the same Fed district.
Chile’s Atacama Desert hasbecome a clothing graveyard, with around 35,000 tons of unsold second-hand clothing getting dumped there every year. A handful of organizations are working to reduce and reuse the polluting fabrics.
What's happening: It starts when used clothing from the U.S, Europe and Asia arrives at Iquique, a tax-free port near the desert, for resale in Chile and other Latin American countries.
The details of the blockbuster fourth quarter GDP report released Thursday morning tell a vivid story of how the underpinnings of the world economy have been reshaped by the pandemic.
One example: In the arithmetic around U.S. economic output, trade acted as a more severe drag last year than it has in a generation.
Pershing Square, the hedge fund led by Bill Ackman, disclosed that it acquired more than 3.1 million shares of Netflix (Nasdaq: NFLX).
Why it matters: This is a major vote of confidence in the current strategy of Netflix, whose shares have tumbled due to slowed subscriber growth. That said, investors will watch to see if Ackman agitates for a faster/slower move into gaming or alternate content areas like fitness.
Federal securities regulators want more private equity disclosures, as the industry continues to expand into ubiquity.
Driving the news: The SEC voted 3-1 Wednesday to propose changes to Form PF, a confidential form that certain PE funds have been required to file since after the financial crisis.
The U.S. economy surged ahead with a 6.9% annual growth rate in the final months of 2021 and achieved the strongest growth over an entire calendar year since 1984.
Driving the news: New GDP numbers from the Commerce Department show a remarkable acceleration in economic activity, much faster than the 5.3% growth rate analysts expected.
Tesla's fourth quarter earnings revealed its largest profit by a large margin while highlighting the supply chain crunch that the electric automaker has weathered but can't outrun.
Catch up fast: The company beat Wall Street estimates, reporting $17.72 billion in revenues and $2.54 earnings per share. It netted $2.32 billion in Q4 profits on the strength of record deliveries.
Seems like just yesterday everybody sort of coordinated on Reddit to push up the share price of a struggling video game retailer and, like, stick it to the man by, um, buying stocks.
By the numbers: GameStop was up as much 2,463% for the year at its intraday peak on Jan. 27, 2021. That day it closed up 1,745%.
Recent research finds that when a country is listening to happier songs, markets perform better.
Why it matters: There's an academic divide between economists who argue markets are rational and efficient, and those who say emotion plays a role. This paper puts a notch on the board for Team Feelings.
Businesses like farmers, contractors and delivery companies — not individual consumers — will lead America into the electric vehicle era, judging from how demand is currently shaping up.
Why it matters: While consumers are waiting on the sidelines to see if the charging infrastructure improves and prices come down, commercial businesses see EVs as a way to boost their productivity and improve operations.
MSNBC will soon announce plans to move morning anchor Stephanie Ruhle to the 11 pm ET hour that Brian Williams turned into an elite destination, two sources familiar with the move tell Axios.
Details: The 9 am ET hour, currently hosted by Ruhle, will become part of MSNBC's flagship morning show, "Morning Joe," which currently runs from 6 am to 9 am ET.
Why it matters: The engineering manager from Oakland made history as the first woman to win $1 million on the game show and the first transgender contestant to qualify for the Tournament of Champions.
CBS News relaunched its 24/7 news streaming network Monday with a slate of new programming and new investments in local streaming networks that will feed into the service.
Why it matters: The rebranded, "CBS News Streaming Network" aims to differentiate itself from other major networks entering the streaming news fray by focusing on the marriage of live local and national coverage and by offering it for free.
