Amazon has its best holiday season ever
Amazon said this holiday season was another record-setter. The overall retail sector had a big year too, signaling that the decade-long economic expansion in the United States still has some legs left in it. Buoyed by sales of tens of millions of its own gadgets, Amazon said its top-sellers this holiday season included the Echo…… MORE
Why this is the ‘most hated’ bull market of all time
Happy Thursday. A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. As Nicholas Colas, co-founder of DataTrek Research, recently told clients, 2019 is “the year where everything worked — stocks, bonds, gold, even bitcoin.” By the numbers: As of Tuesday, the…… MORE
US Steel is closing a Detroit-area steel mill and laying off 1,500 workers
US Steel is closing a mill near Detroit, laying off workers and cutting its dividend. The troubled company is trying to reverse operating losses it now forecasts for the fourth quarter. The mill, called the Great Lakes Works, is expected to close its iron and steelmaking operations by April 1. The part of the mill…… MORE
Why the WeWork debacle hasn’t killed off big venture capital deals
Happy Friday. A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. 2019 was the year that brought us WeWork’s disastrous IPO effort, which ended not with a blockbuster debut, but with a hefty bailout from SoftBank, its top investor. The rescue…… MORE
Boeing’s 737 Max production halt gives S&P, Moody’s pause
Boeing’s credit rating was trimmed by Moody’s and Standard & Poor’s, as the rating agencies said the aircraft maker’s move to halt 737 Max production comes with increased risks. “Boeing’s plans to suspend production of the 737 MAX may save some cash in the near term, but it could introduce additional risk into the supply…… MORE
