Business

Trump and Zuckerberg spoke on the phone Friday

President Donald Trump and Facebook CEO Mark Zuckerberg spoke on the phone Friday, a source familiar with the call told CNN Sunday.In a public Facebook post Friday, Zuckerberg explained why Facebook didn't take action on Facebook and Instagram posts in…

Investors didn't sell in May. What now?

So much for selling in May and going away — assuming you could find a place to go to in the midst of the Covid-19 pandemic.Stocks closed out the month with healthy gains. The Dow and S&P 500 both rose…

Journalists covering protests face assault and arrest

From Minneapolis to Washington DC, from Louisville to Las Vegas, reporters are facing assault and arrest while reporting on widespread protests and unrest.At least a half dozen different incidents were reported on Friday, starting with the wrongful arrest of a…

Twitter is now in completely uncharted waters

There is no turning back for Twitter now. The only way out is through.When Twitter slapped a warning label on one of President Donald Trump's tweets Friday for "glorifying violence," it was almost certain that the move — a first…

Uber disposes of tens of thousands of bikes, sparking backlash

Videos and photos are surfacing of thousands of Uber's Jump bikes and scooters stripped of parts and crammed into trucks to be scrapped.Uber sold its bike and scooter business to the startup Lime earlier this month. But thousands of vehicles…

Big chains filed for bankruptcy every week in May. Here are 6 of them

Temporary store closures. Near-zero travel demand. People shopping online even more as they're stuck home. It was the perfect storm for bankruptcy for some of the country's most recognizable consumer brands -- and several have filed recently.Retailers had already been…

American spending collapsed by a record 13.6% in April

American consumer spending ground to a halt during the coronavirus lockdown, and that is a massive problem for the spending-addicted US economy.April's personal consumption data showed a 13.6% drop in consumer spending, according to a Bureau of Economic Analysis report…

The economy is reopening. But the job cuts keep coming

Even as parts of the global economy open back up, companies are laying off tens of thousands of workers — a sign of the damage wrought by months of shutdowns and the ongoing impact of social distancing measures.What's happening: Automakers…