Business News

Stoner comedy pioneer Tommy Chong still toking…

About to turn 80, Tommy Chong says he never doubted he'd live to see the day when marijuana legalization would be sweeping the United States

New York Attorney General Launches Initial Probe…

Basis cofounder and CEO Nadir Al-Naji discusses the upside of strict regulation with The Ledger team.

Cancellation of Korea summit sends stocks on…

U.S. stocks slump after President Donald Trump said he'd canceled a summit with North Korean leader Kim Jong Un, although they later recovered most of their losses

Twitter rolls out political ad rules ahead of…

Twitter rolled out stricter rules for political advertising in a bid to increase transparency and curb manipulation on the service ahead of U.S. midterm elections.

Netflix Becomes The World’s Most Valuable Media…

Netflix is now more valuable than Disney. The streaming giant's stock was trading at an all-time high on Thursday morning, boosting its valuation above $152 billion. Disney stock, meanwhile, was trading down more than 1 percent, giving it a valuation of just under $152 billion. Netflix, which has been publicly traded since 2002, has become a fierce competitor for Disney and other media conglomerates over the years as streaming as become more popular with consumers. Despite the fact that Netflix continues to burn through cash, the company has become a stock market darling as it adds more subscribers around the world. In April, Netflix announced that had reached 125 million total subscribers and generated $3.6 billion in revenue during the first quarter of the year. On Wednesday, the streamer became more valuable than cable giant Comcast. Its shares closed the day at $344.72. Today, its share price is up more than 1 percent to over $350 during midday trading.

Los Angeles Times Michael Hiltzik column

Las Vegas strike would have far-reaching effect

Two casino companies facing the threat of a strike from housekeepers, bartenders, servers and other key employees saw their shares slide

Cryptocurrencies Are the New Internet…

Chain CEO Adam Ludwin talks blockchain, ICOs, and central banking.

Global stocks subdued as US mulls auto import…

World stock markets are subdued as carmakers' shares fell after the Trump administration said it was considering tariffs on imports of autos and auto parts.

MARKETS: Surging crude oil is good for the US…

Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action.

U.S. Auto Import Probe Fans Tariff Fears

On Thursday, a Trump administration investigation of car and truck imports raised the threat of renewed conflict over trade policy. U.S. Commerce Secretary Wilbur Ross said on Thursday the investigation was still in its early stages but that other countries’ high, artificial barriers such as tariffs, have skewed the marketplace.

Bon-Ton Is the Latest Retailer to Go Out of…

It will close all 200 of its stores.

Global stocks fall amid weak data, worries over…

Stock markets are mostly after weak European economic data and as U.S. President Donald Trump raised doubts that a summit with North Korean leader Kim Jong Un will take place as planned

NYSE trader: Expect stocks to shake off the Trump…

Keith Bliss of Cuttone and Company joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves after President Trump pulled out of the planned North Korea summit.

In the Smart Speaker Game ... Google is at the…

The Smart Speaker Battle Rages On! In 2014, Amazon started a huge trend in technology … the Smart Speaker! Amazon launched the Echo, and has been the Smart Speaker market leader ever since … until Q1 2018. According to tech research firm, Canalys, Google has now taken the top spot with its own offering, Google Homes. Amazon still holds a huge lead with a 69 percent market share … compared to Google’s 25%. Now there are new competitors entering the battle field.

Wyoming courts tech behind cryptocurrency to…

Wyoming hopes being friendly to tech underlying cryptocurrency entices business

Lingering limbo: Businesses uncertain about tax law impact

Rules needed for new tax law leave many small business still wondering if they'll win or lose