Business News | NECN

Business News

Thursday, Aug 2, 2018 at 12:08 PM EDT

Apple Just Hit a $1 Trillion Market Cap

Apple Just Hit a $1 Trillion Market Cap

Apple hit a $1 trillion market cap on Thursday, making the iPhone maker the first publicly traded U.S. company to reach the record valuation. The stock rose nearly 3 percent following a strong third-quarter...

Thursday, Aug 2, 2018 at 10:51 AM EDT

Elon Musk Makes 'Maybe the Most Valuable Apology of All Time' on Tesla's Earnings Call

Elon Musk Makes 'Maybe the Most Valuable Apology of All Time' on Tesla's Earnings Call

Wall Street is happy over Tesla's quarterly results and guidance, but Elon Musk's apologies to multiple analysts may even be more important to the company's shares and investor sentiment. On Wednesday's...

Thursday, Aug 2, 2018 at 10:45 AM EDT

Brookstone Files for Bankruptcy, Will Close All Mall Stores

Brookstone Files for Bankruptcy, Will Close All Mall Stores

Brookstone announced its plans to file for Chapter 11 bankruptcy protection and hopes to find a buyer for certain parts of the chain, which is known for selling unique gifts and tech gadgets at its stores. The...

Thursday, Aug 2, 2018 at 10:43 AM EDT

Papa John's Founder: I Should Be Back as Chain's Public Face

Papa John's Founder: I Should Be Back as Chain's Public Face

The founder of Papa John's says the pizza chain needs him back as its public face, and that it was a mistake for the company to scrub him from its marketing materials after he acknowledged using a racial slur...

Wednesday, Aug 1, 2018 at 06:22 PM EDT

BBJ: Boeing, MIT to Open Autonomous Flight Research Center

BBJ: Boeing, MIT to Open Autonomous Flight Research Center

Real Estate Editor Catherine Carlock joins necn to discuss her story, " Boeing, MIT to open autonomous flight research center in Cambridge."

Wednesday, Aug 1, 2018 at 05:03 PM EDT

Reddit Hack Shows Strong Security Can Be Bypassed Too

Reddit Hack Shows Strong Security Can Be Bypassed Too

Reddit, one of the most popular sites on the internet, fell victim to a cyberattack in June, the company revealed today, allowing hackers to steal email addresses and passwords of what the company calls a "small...

Thursday, Aug 2, 2018 at 05:07 AM EDT

US Proposes Higher Tax on $200 Billion in Chinese Imports

US Proposes Higher Tax on $200 Billion in Chinese Imports

The Trump administration is proposing raising planned taxes on $200 billion worth of Chinese imports to 25 percent from 10 percent, turning up the pressure on Beijing in a trade war between the world's two...

Wednesday, Aug 1, 2018 at 04:03 PM EDT

Wells Fargo to Pay $2.1 Billion for Role in Housing Bubble

Wells Fargo to Pay $2.1 Billion for Role in Housing Bubble

Wells Fargo agreed Wednesday to pay a $2.1 billion fine to settle allegations it misrepresented the types of mortgages it sold to investors during the housing bubble that ultimately led to the 2008 financial...

Wednesday, Aug 1, 2018 at 07:47 PM EDT

Boston Man Accused of Stealing $2M in Cryptocurrency

Boston Man Accused of Stealing $2M in Cryptocurrency

A college student from Boston was arrested last month after allegedly stealing at least $2 million in cryptocurrency and hacking phones owned by tech executives, according to prosecutors in California. Joel...

Wednesday, Aug 1, 2018 at 02:55 PM EDT

The Fed Didn't Raise Rates This Time, But Will Again. Here's How to Prepare for the Next Hike

The Fed Didn't Raise Rates This Time, But Will Again. Here's How to Prepare for the Next Hike

The Federal Reserve did not raise interest rates Wednesday, but it did set the stage for a September hike. That gives consumers time to firm up their finances. Fed officials, including Chairman Jerome Powell...

Photos & Videos

What's New
Download the Necn News App!
Download the Necn News App!
Download the new necn news app for iPhone, iPad and Android. Easy access to top stories, interactive radar, and live streaming breaking news and weather. Plus push notifications to keep you connected to... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out