Money

Super Bowl's big winner: Wings!

This year’s Super Bowl ads Here’s a Super Bowl prediction that’s guaranteed to come true. Americans will eat millions of chicken wings while watching the Carolina Panthers and Denver Broncos on Sunday. It’s become cliche to say that a big event is such and such’s Super Bowl. Election Day is the Super Bowl for political junkies. The Oscars show is the Super Bowl for movie fans. But for Buffalo Wild Wings and Wingstop, the Super Bowl is literally their Super Bowl. Buffalo Wild Wings (BWLD) CEO Sally Smith told CNNMoney ...

Read More »

Megyn Kelly is ready for Trump: 'I stand by every question'

What Fox insiders say happened with Trump Megyn Kelly said she expects Donald Trump to be at the next Fox News debate on March 3, and that she’s ready for him. “I think he’ll show up at that one, which is great,” she said Friday in an appearance on ABC’s Good Morning America. “We’ll just move our Trump questions from the last debate over to this debate.” Trump has been taking shots at Kelly since the first Fox debate last summer, and he skipped the Fox debate right before the ...

Read More »

Brit lands top job in China's new development bank

Why the World Bank backs China’s AIIB The UK’s early backing of Beijing’s new infrastructure bank is paying off. Sir Danny Alexander, the former Treasury chief secretary, has been appointed vice president of the new China-backed Asian Infrastructure Investment Bank. Alexander, a Liberal Democrat charged with implementing British Prime Minister David Cameron’s austerity measures, was defeated by a member of the Scottish National Party in last year’s UK election. “Danny’s appointment … demonstrates that the UK is playing a crucial role as the AIIB is formally established. Britain’s influence is ...

Read More »

Fox's Megyn Kelly strikes a book deal

Fox News host Megyn Kelly is about to become an author. Kelly’s first book was acquired by HarperCollins this week after a bidding war involving several publishers. HarperCollins said Thursday night that the untitled book would be released in the fall. Reports about the value of the book deal varied widely. Deadline.com reported that it was worth $ 10 million, an exceedingly high price for any first-time author, even one as well known as Kelly. Other sources told Page Six that it was more likely “in the $ 3 million ...

Read More »

MSNBC's Rachel Maddow: 'Hard to imagine' Bernie Sanders winning

MSNBC’s Rachel Maddow doesn’t believe Bernie Sanders can beat Hillary Clinton Rachel Maddow, the co-moderator of Thursday night’s Democratic primary debate, doesn’t think Bernie Sanders is going to beat Hillary Clinton. In an interview with Playboy, published online just hours ahead of the debate, Maddow says it’s “hard to imagine” Sanders being the party’s nominee. “People love him. They really do feel the Bern,” Maddow says in the interview. “He gets tens of thousands of people to turn out, but that sort of economic populism is a tough sell. The ...

Read More »

12.7 million Americans sign up for Obamacare 3.0

Bernie Sanders’ plan for prescription drug prices Some 12.7 million Americans signed up for Obamacare for 2016, according to new figures released Thursday. Sign ups exceeded the Obama administration’s initial projection that 10 million people would be enrolled by year’s end, though that figure was widely seen as too modest. A large chunk of those who signed up during open enrollment will drop out over the course of the year, either because they’ll find insurance elsewhere or they will stop paying their premiums. “The marketplace is growing and getting stronger ...

Read More »

Flint crisis creating bull market for water stocks

Michigan governor: Flint crisis is failure in government Wall Street often looks for opportunities in the midst of a tragedy. Case in point? The water crisis in Flint, Michigan may be helping to spark a big rally in water utility stocks. Several publicly traded water utilities are up sharply this year and are trading near their all-time highs. This isn’t the most exciting industry in the world. But like electric and gas utilities, investors can rely on the water companies for slow and steady growth and a solid dividend. And ...

Read More »

Philippe Dauman named to succeed Sumner Redstone at Viacom

Defying the wishes of some activist investors, Philippe Dauman is succeeding Sumner Redstone as the executive chairman of Viacom. Dauman, the CEO of Viacom, was elevated to chairman in a board of directors vote on Thursday morning. Redstone, whose deteriorating health has been a cause for Wall Street concern, gave up the chairmanship of his other company, CBS Corporation, on Tuesday. CBS CEO Les Moonves was named the new chair on Wednesday. The twin announcements symbolize the beginning of the end of the Redstone era. He will be chairman emeritus ...

Read More »

Takata airbag recall is worse than we thought

Worst is yet to come for airbag manufacturer Takata The recall of deadly Takata airbags is expanding to more recent car models, putting millions of additional drivers and passengers at risk. So far, more than 20 million cars have been recalled due to the risk of violent airbag explosions. But they were mostly in older cars — typically model years no later than 2008. The age of the airbags was believed to be one of the factors that made them susceptible to exploding, said federal safety regulators. But the National ...

Read More »