On July 4th, Kanye West announced he wants to run for president. In an interview with Forbes published Wednesday, West said he is being advised by Tesla CEO and tech billionaire Elon Musk. According to Business Insider, West's remarks seem to be backed up by recent remarks. On Twitter, Musk commented on West's July 4 announcement: "You have my full support!" The two also appeared together in a photo published by West on July 1.
U.S stocks rose Wednesday and the Nasdaq hit a record closing high, supported by tech shares as early signs of an economic rebound offset concern about rising coronavirus cases across the country. Fred Katayama reports.
As coronavirus cases rise again, Gerber Kawasaki's Brett Sifling is bullish on the prospects for pricey "stay-at-home" stocks. He tells Reuters' Fred Katayama why he particularly favors Activision and Netflix.
Men's clothier Brooks Brothers filed for Chapter 11 bankruptcy on Wednesday, joining a long list of retailers including Neiman Marcus that have crumbled under the impact of the coronavirus crisis. Fred Katayama reports.
United Airlines has warned of booking declines and potential furloughs due to new travel restrictions in an internal presentation to the carrier's employees, a person with knowledge of the matter told Reuters. Fred Katayama reports.
Former Glee actress Naya Rivera has gone missing at a lake in Southern California, the Ventura County Sheriff’s Department said.A search operation was launched after her four-year-old son was reportedly found alone on a rented boat at Lake Piru.
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California continues to battle a spike in coronavirus cases. Business Insider reports California has banned people from singing or chanting in places of worship. Early in the virus battle California was praised for its successful early response. Now the state has recently experienced record-highs in new cases. On May 25, California started to allow churches to reopen with safety guidelines. This week, it updated its guidelines to advise against singing.