BUSINESS
U.S. Billionaires' Net Worth Jumps Nearly One-Third as Working Families Suffer
The wealth of Tesla chief executive Elon Musk skyrocketed 277 percent from March to October. Meanwhile, almost 62 million Americans lost work between March 21 and September 19.
U.S. Third-Quarter Growth Could Be Late Election Boost for Trump
President Donald Trump regularly polls strongly on the economy, one of the few advantages he has over his rival, Democratic nominee Joe Biden.
Wall Street Set to Open Higher on Hopes of Stimulus Breakthrough
Future contracts for the Dow Jones rose 79 points, while the futures for the S&P 500 and tech-heavy Nasdaq Composite edged higher into positive territory.
Nikola Shares Recover Some Losses as Investors Await General Motors Deal
General Motors and Nikola have been in ongoing talks about a potential partnership deal worth $2 billion.
Alibaba Secures Two Major Business Wins, Asserting its Dominance in China
Asia's largest corporation, founded by the billionaire Jack Ma, took control of a leading hypermarket chain and won approval for the listing of an offshoot in Hong Kong.
China Outshines U.S. as First Major Economy to Recover From Pandemic
China's economy grew 4.9 percent between July and September compared to the same quarter last year, a little slower than expected but signaling a strong recovery.
Who is Kareem Daniel? Disney Reorganization Sees Former Intern Given Top Job
A company realignment has handed the 14-year veteran and former intern significant control. He will oversee distribution of content globally and house the company's streaming services.
U.S.-China Trade Soars by a Fifth, Despite Trump Tariffs
The world's second largest economy saw its trade growth accelerate in September. Exporters reaped the benefits of record demand for masks and medical supplies and received a boost from China's early reopening of its economy.
Fox Business Panel Agrees Senate Gridlock Great for Stocks: 'Nothing Gets Done'
"[If] Republicans continue to hold the senate, that will give us gridlock and I'm always a great fan of gridlock because nothing really gets done," Gartman told the Fox Business Network host.
Google, Facebook and Amazon Could Be Forced to Pay Billions More in Tax Under These Proposals
New measures could see tech giants paying corporate taxes on profits where they operate and they will be unable to shift them to tax havens.
Millennials Control Just 4.2 Percent of US Wealth, 4 Times Poorer Than Baby Boomers Were At Age 34
Millennials are the largest group in the U.S. workforce but have 10 times less money than Baby Boomers control today.
How to Achieve More By Doing Less
The pandemic is forcing almost everyone to juggle more responsibilities than they used to—and causing a lot of stress in the process. In this excerpt from 'Better,' Newsweek's LinkedIn Live series, experts Dorie Clark and Tiffany Dufu explain how dropping a few balls can actually help your career.
Healthcare Billionaires Got Nearly $150B Richer Due to COVID Pandemic
The near-$150 billion premium came as demands for key vaccines and medications increased, and health services across the world were left feeling the strain.
Trump's Stimulus Tweets Crash Markets as Central Bank Frets on Future of the Economy
Trump's tweets came just hours after Federal Reserve chairman Jerome Powell made his strongest call yet for higher spending to shield the economy.
John McAfee Net Worth: Arrested Software Magnate Has Made Millions Off Cryptocurrencies
The DOJ announced the charges on Monday, while the Securities and Exchange Commission (SEC) filed parallel civil charges against the businessman, after he allegedly failed to declare earnings that amounted to millions of dollars.
Majority Feel Donald Trump's Business Interests Affected Choices as President: Poll
Morning Consult found that 80 percent of voters believe Trump's business interests and positions have had at least some impact on his decision-making as president.
Will COVID Kill the Movie Theater? 'All Bets Are Off' For Future of Film Industry
"We're facing a titanic level of disruption to the live cinema marketplace that in some ways goes beyond COVID, but COVID is the current inciting incident," Eric Schiffer, chairman and CEO of private equity firm The Patriarch Organization told Newsweek.
Regeneron Offers Biden Same Experimental Cocktail as Taken by Trump at Walter Reed
Regeneron Pharmaceuticals, the creator of the antibody cocktail given to President Trump as part of his COVID-19 treatment, says the company also reached out to former Vice President Joe Biden to offer him the treatment as well.
Trump's Unemployment Rate Almost the Same as Obama's At This Stage of Re-election Campaign
In September 2012 the unemployment rate under former President Barack Obama was 7.8 percent. At its worst point in Obama's first term in October 2009, unemployment hit 10 percent.
V-Shaped or K-Shaped Recovery? What Experts Are Saying About U.S. Economy
A V-shaped recovery is when key economic indicators bounce back comprehensively and quickly. A K-shaped economy is when different strata of society recover at different rates.
Only One Fortune 100 CEO Has Donated to Donald Trump's Campaign
Only Energy Transfer CEO Kelcy Warren has donated to the Trump campaign in the last two months, having given £10 million to a pro-Trump super-PAC on top of other generous donations at the end of August, according to data released on Sunday.
The Market Would Be Surprised if It's 'Not a Blue Sweep' in November, Says Morgan Stanley CIO
Morgan Stanley's Mike Wilson said the market has already factored in a big Democratic victory in the upcoming election.