Business

NBC Sports Network to shut down by the end of the year

NBC Sports Network is shutting down at the end of this year, the company said on Friday.The cable network will cease operation and USA Network will begin "carrying and/or simulcasting certain NBC Sports programming" later this year, according to a…

Wall Street can relax, moderates have the mandate

Stocks have surged since Election Day and are near record highs. Wall Street is clearly a fan of President Joe Biden's new administration -- and it's largely because of growing hope that moderates in both parties will continue to call…

Walmart will expand Covid-19 vaccinations to more states

Walmart is rolling out the Covid-19 vaccine in more states as the Biden administration tries to accelerate distribution.The company has been administering vaccines in recent weeks in some of its locations in New Mexico and Arkansas. Now, Walmart, the largest…

Volkswagen made $12 billion in 2020 despite the pandemic

Volkswagen is walking away from 2020 with a profit of more than $12 billion despite the coronavirus pandemic that torpedoed car sales and snarled manufacturing supply chains.The world's largest automaker said in a statement on Friday that it expects operating…

Biden's Covid plan has to work. The economy depends on it

The fate of the economic recovery is riding on President Joe Biden's mission to speed up the lackluster rollout of coronavirus vaccines.While the development of vaccines happened faster than many had expected, distribution is lagging behind schedule, in part because…

Two tech stalwarts fail to impress Wall Street

Tech companies have been an investor favorite during the pandemic. But Wall Street is keeping its distance from two industry stalwarts after their latest earnings reports.Intel beat full-year revenue expectations, hauling in a record $77.9 billion last year and announcing…

Google threatens to shut down search in Australia

Google says it will shut down its search engine in Australia if a controversial bill designed to benefit the news media becomes law.At a Senate hearing in Canberra on Friday, Google Australia Managing Director Mel Silva said the draft legislation…

Apple CEO Tim Cook once gave President Trump a $5,999 Mac Pro

In a new financial document released just hours after he left the White House, former President Donald Trump disclosed Apple CEO Tim Cook once gave him a $5,999 Mac Pro computer.The documents, made public on Wednesday, list the item as…

Trump economist backs Biden's $1.9 trillion rescue plan

Former Trump economic adviser Kevin Hassett broadly supports President Joe Biden's $1.9 trillion rescue package as a way to keep the coronavirus-ravaged economy afloat."They've thrown a lot of stimulus at it," Hassett told CNN Business on Thursday, "but I think…