Business News

Zuckerberg admits Facebook is broken and promises to work to fix it

The social network’s founder usually undertakes fun challenges, but has changed his mind this year

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Mark Zuckerberg might be about to launch his most ambitious personal challenge yet.

 

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Mike Tyson Breaks Ground On California Marijuana Ranch

detroit.cbslocal.com

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(Photo by Christian Petersen/Getty Images)

CALIFORNIA CITY, Calif. (AP) — Former heavyweight champion Mike Tyson is becoming a California marijuana entrepreneur. Read More

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Movie Theaters Were Already in Trouble. With Disney’s Fox Deal, It’s Double

Not only would Disney gain leverage with chains such as AMC, it would also pick up more films to distribute exclusively on its upcoming online service.

By: Gerry Smith

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Star Wars fans raise their lightsabers before the start of Star Wars: The Last Jedi in Subang Jaya, Malaysia, on Dec. 15, 2017. PHOTOGRAPHER: SADIQ ASYRAF/AP PHOTO

America’s movie theaters were jammed in December for the screening of Star Wars: The Last Jedi, a story about the Resistance battling the evil First Order. But with the announcement in December that Walt Disney Co. will acquire much of 21st Century Fox Inc.’s entertainment businesses, theater owners may feel like they’re the Resistance. Read More

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Bitcoin Dips Below $14,000 as South Korea Eyes Fresh Regulations

Bitcoin has now dropped about 26% from last week’s record high

By: Kyungji and Eric Lam

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Bitcoin resumed its slide Thursday, dipping below $14,000 as the cryptocurrency’s dizzying drop from a record set 10 days ago intensified. Read More

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Apple apologizes for secretly slowing older iPhones

“We have never — and would never — do anything to intentionally shorten the life of any Apple product, or degrade the user experience to drive customer upgrades,” Apple said on its website.

By 

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SAN FRANCISCO—Apple apologized for secretly slowing down older iPhones, a move it said was necessary to avoid unexpected shutdowns related to battery fatigue. Read More

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Starbucks Launches Black & White Mocha Drinks to Celebrate New Year’s

By MAHITA GAJANAN

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Starbucks is going black-tie for New Year’s with a new line of limited edition drinks to end 2017 with a bang. Read More

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Texas Restaurant Under Fire For ‘Coon Chicken Inn’ Sign

By Parker Riley

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Imagine sitting in a restaurant and you see a  neon sign with a racist caricature of a Black man that says “Coon Chicken Inn.” Would you smile with joy at our illustrious America history or say, “What the f**ck is that?” We would argue the latter would be the reaction for most Americans. Well, not for the owners of Cook’s Garage in Lubbock, Texas. Read More

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Israel Regulator Seeks to Ban Bitcoin Firms From Stock Exchange

By Steven Scheer

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FILE PHOTO: Tokens of the virtual currency Bitcoin are seen placed on a monitor that displays binary digits in this illustration picture, December 8, 2017. REUTERS/Dado Ruvic/Illustration Reuters

JERUSALEM (Reuters) – Israel’s markets regulator said on Monday he will propose regulation to ban companies based on bitcoin and other digital currencies from trading on the Tel Aviv Stock Exchange (TASE).

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