The Market

“ ‘ We have to remember that Amazon was in a bubble in 2000. It crashed, it fell 90% — I don’t think Tesla is going to fall 90% — but it crashed, and then 10 years later it was running the world. So even if Tesla is going to …

Just three months after taking the job, TikTok Chief Executive Officer Kevin Mayer announced his resignation in an internal memo to employees late Thursday, where he spoke of a changing political landscape. “ “In recent weeks, as the political environment has sharply changed, I have done significant reflection on what …

The Milwaukee Bucks decided to “strike” and not take the floor for their playoff game today in protest of the police shooting of Jacob Blake in Kenosha, Wis. The game between the Bucks and the Orlando Magic was scheduled for Wednesday afternoon, but the teams remained in their respective locker …

Carney became the governor of the Bank of Canada in 2008 and is widely credited with successfully steering the country through the financial crisis. Peter Summers/Reuters Mark Carney is taking his first job since leaving the top post at the Bank of England earlier this year, returning to the private …

Beware! Robert F. Bukaty/Associated Press The danger of investing in stocks with compelling valuations is that they’re often cheap for a reason. So-called value traps lie everywhere, and in a note to clients on Tuesday, Bank of America strategists led by Savita Subramanian sought to identify them, at least those …

Palantir Technologies Inc., a software company founded in Silicon Valley to help governments and companies collect and parse data, used its Tuesday filing for a direct listing to confirm a move away from the California technology hub and declare that “we seem to share fewer and fewer of the technology …

Like so many industries upended by COVID-19, hospitality is undergoing a massive transformation. U.S. hotels are losing $ 400 million a day in room revenue, adding up to over $ 46 billion so far in 2020. The staggering loss has accelerated trends, forcing change faster than anyone could have ever …

In this July 31, 2019, file photo U.S. Trade Representative Robert Lighthizer, center, gestures as he chats with Chinese Vice Premier Liu He, at right with Treasury Secretary Steven Mnuchin, left, looking on after posing for a family photo at the Xijiao Conference Center in Shanghai. U.S. and Chinese trade …

General Atlantic and Sequoia Capital, two major investors in TikTok’s Chinese parent company, are maneuvering to be part of a deal to acquire the U.S. operations of the popular video-sharing app as it seeks to avoid a ban by the Trump administration, according to people familiar with the discussions. The …