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Why an eccentric millionaire abandoned this castle
From a regal family estate to a raucous nightclub, the tale behind this abandoned mansion isn’t short of twists and turns.
People want to boycott Costco over mask policy
The store began requiring all shoppers to wear masks Monday.
Where a COVID-19 recession will likely hit hardest
The coronavirus pandemic is a public crisis of historic proportions, threatening the health and economic stability of millions of Americans.
Morgan Stanley: Investor fear of missing out is 'not a good sign'
Morgan Stanley Investment Management's Andrew Harmstone advises investors to keep their portoflio risk level low and maintain a defensive position while looking for opportunities to add value in an environment of "extremely high" volatility.
Samsung heir pledges to end family's corporate dynasty
The apology was Lee’s first public statement in five years; the last was when he publicly apologized for Samsung’s botched handling of Middle East Respiratory Syndrome at Samsung Medical Center, a hospital in Seoul. On Wednesday, he also apologized for the company’s recent union-busting and pledged to guarantee labor rights going forward.
Stocks are pricier than they've ever been since dot-com bubble
U.S. stocks are trading at pricier valuations relative to corporate profits than at any point since the dot-com bubble in 2000 and these measures are flashing warning signs even when completely ignoring the short-term impact of the COVID-19 epidemic and instead focusing on next year’s economy, analysts warn.
Big tech had a strong first quarter. The next one could be much harder
As the economic crisis caused by coronavirus unfolded, some investors braced for painful first quarter corporate earnings. But in the tech sector, most companies' results indicted resilience despite the massive disruption.
Dow closes lower for the first time in 3 days
The Dow Jones Industrial Average and S&P 500 fell for the first time in three days Wednesday as investors weighed the prospects of reopening the economy along with a dismal report on U.S. payrolls.
What double-digit unemployment will do to your stock portfolio
With unemployment likely to remain elevated for some time, here's what investors need to know.
Luxury Titan Arnault plots rebound after a $30-billion virus hit
In his ninth-floor office on Paris’s Avenue Montaigne, Europe’s wealthiest man, Bernard Arnault, is spending long hours plotting a post-virus future for his luxury goods empire, LVMH. At 71, the billionaire has lived through several crises, but none quite like this one, with his armada of more than 70 brands -- from Dior to Fendi -- hit from all sides.
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