Geely ditches Volvo merger but still needs its partner to go global
Geely has scrapped plans to merge its business with Volvo and will now focus its global ambitions on a joint venture with the Swedish carmaker on…
Continue ReadingGeely has scrapped plans to merge its business with Volvo and will now focus its global ambitions on a joint venture with the Swedish carmaker on…
Continue ReadingGameStop shares rallied 67% ahead of the opening bell Thursday, following another blockbuster day for the stock. On Wednesday, the gaming…
Continue ReadingGameStop traders are at it again. Company shares surged more than 100% yesterday and were halted twice for volatility before the closing bell.…
Continue ReadingThree of Britain’s biggest banks have announced plans to dump expensive office space, a bet that remote work is here to stay even after the…
Continue ReadingAustralia has passed a new law that will force tech companies to pay publishers for news content, setting the stage for potential, similar action in…
Continue ReadingAfter a wild several weeks for GameStop, the retailer’s chief financial officer is resigning. The company announced Tuesday that Jim Bell, its…
Continue ReadingDo you read the following headline from CNN Business and get a little nervous? Housing market concerns begin to emerge If the answer is yes,…
Continue ReadingFew things have changed less during the course of this century than this nation’s fleet of postal delivery vehicles. The squat, box-like van…
Continue ReadingFry’s Electronics suddenly closed all of its stores overnight, ending a nearly four-decade run in business. The company, which had 31 stores…
Continue ReadingTJ Maxx has taken a hit from the pandemic with fewer people visiting stores and picking up clothing. But the discount giant is betting that customers…
Continue ReadingTJMaxx has taken a hit from the pandemic with fewer people visiting stores and picking up clothing. But the discount giant is betting that customers…
Continue ReadingThe Federal Reserve is suffering a disruption in multiple payment services due to an operational error, the central bank said in a statement…
Continue ReadingLyft is adding an option to allow people to order a ride in a more retro way — by phone call — a year after Uber tried doing the same…
Continue ReadingBefore last year, 28-year-old Meredith Giuliani thought voice notes were “kind of weird,” and she mostly stuck to texting. But after the…
Continue ReadingDunkin’ is certainly appeasing avocado-craving millennials with its new menu item. Beginning Wednesday, the chain has added avocado toast to…
Continue ReadingCalifornia’s net neutrality law can go into effect after a federal judge on Tuesday handed a defeat to broadband providers who had pushed to…
Continue ReadingThe housing market is still red hot. But there are growing concerns about how much longer this strength can last. Home Depot reported earnings and…
Continue ReadingWomen now occupy at least one seat on the board of every major British company after a 50% increase in participation rates over five years, according…
Continue ReadingRetailers have been battered by the pandemic, which triggered a plunge in foot traffic and caused demand for products like work clothing to all but…
Continue ReadingA version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Richard Winton, the…
Continue ReadingMukesh Ambani has spent years trying to turn his inherited oil business into a tech empire. In 2020, that pivot really kicked into overdrive. Between…
Continue ReadingFacebook will restore news pages in Australia after the government agreed on changes to a planned media code that the company said would allow it to…
Continue ReadingLuxury electric vehicle startup Lucid Motors went public after a merger with “blank-check” firm Churchill Capital Corp IV, in the largest…
Continue ReadingWall Street is increasingly concerned that a wave of spending when the economy reopens could cause prices to spike, spoiling the financial market…
Continue ReadingInstacart started as a grocery delivery service. But it’s increasingly moving into delivering office supplies, sporting goods, televisions,…
Continue ReadingSPAC mania has entered the celebrity phase. Colin Kaepernick, Shaquille O’Neal, Larry Kudlow and pop star Ciara are all lending their star…
Continue ReadingTesla, the hottest stock in the market for more than a year, has sunk into bear market territory. Shares of Tesla fell 6% Tuesday after closing down…
Continue ReadingAdam Neumann, the disgraced former CEO and cofounder of WeWork, may soon have a massive payday as part of a possible settlement with SoftBank, the…
Continue ReadingUncle Sam is in search for a pot of gold that could ease the pain of trillion-dollar deficits. And some believe Wall Street might just have the…
Continue ReadingGovernor Andrew Cuomo announced Monday that movie theaters would reopen in New York City next month, welcome news for an industry that has been…
Continue ReadingJPMorgan Chase and Google launched a program Tuesday to help banks owned and led by people of color increase their lending capabilities. The new…
Continue ReadingOver the last year, the worldwide web has started to look less worldwide. Europe is floating regulation that could impose temporary bans on US tech…
Continue ReadingGoodyear has agreed to buy rival Cooper for $2.8 billion. The deal will give America’s largest tire producer a much bigger footprint around the…
Continue ReadingHillary Clinton is working on a book with Canadian mystery novelist Louise Penny, set in the aftermath of US political chaos. The book, titled…
Continue ReadingHSBC is pushing even harder into Asia as the bank seeks to shore up its business in the wake of the coronavirus pandemic. It’s also bringing…
Continue ReadingA version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. More than 500,000…
Continue ReadingFederal regulators are looking closely at the Texas energy market after natural gas prices rocketed during last week’s deep freeze. And…
Continue ReadingOatly, the popular oat milk maker backed by Oprah, is making plans to go public. The Swedish company said it filed confidential IPO forms with the…
Continue ReadingAhmed Zaki Yamani, the long-serving Saudi oil minister who masterminded an OPEC embargo that plunged western economies into recession in 1973, has…
Continue ReadingVictoria Richardson turns away from her favorite show, “Chicago Med,” every time a plotline revolves around the coronavirus pandemic. The…
Continue ReadingThe pandemic has slammed Macy’s and other department stores. But signs of a recovery are beginning to emerge. Macy’s said Tuesday that it…
Continue ReadingBitcoin’s roller coaster ride continues. The top cryptocurrency surged to a new all-time high above $58,000 on Sunday but fell to just above…
Continue ReadingWhen Michelle Gass took over as Kohl’s CEO in 2018, she tried getting creative to bring more shoppers into stores. The company had just struck…
Continue ReadingJay-Z and luxury goods giant LVMH have a reason to break out the bubbly. LVMH, which owns Dom Pérignon and Moët & Chandon, has taken a 50%…
Continue ReadingCompanies are now being forced to answer a question that was until recently mostly hypothetical. Should they require their employees to get a…
Continue ReadingHSBC is pushing even harder into Asia as the bank seeks to shore up its business in the wake of the coronavirus pandemic and ongoing tensions between…
Continue ReadingDominion Voting Systems, the election technology company that has been the focus of debunked conspiracy theories about election fraud, is suing…
Continue ReadingA sprawling lobby and bar with only a handful of people. Confused guests asking where everybody went. Elegant, but empty hallways. These are the…
Continue ReadingAirlines in the United States, South Korea and Japan have grounded dozens of Boeing 777 aircraft after one of the jets suffered engine failure…
Continue ReadingThe principal chief of the Cherokee Nation has asked Jeep to stop using the tribe’s name on its SUVs. The Jeep Grand Cherokee is the…
Continue ReadingHayley Arceneaux, a 29-year-old cancer survivor and physician assistant at St. Jude children’s hospital, got an out-of-the-blue question from…
Continue ReadingLate last year it seemed Boeing was finally on the verge of moving past some of the biggest challenges in its history. US regulators lifted the…
Continue ReadingUncle Sam is in search for a pot of gold that could ease the pain of trillion-dollar deficits. And some believe Wall Street might just have the…
Continue ReadingBoeing has spent years trying to assure customers, regulators and the public that its planes are safe. That job may have just gotten harder.…
Continue ReadingPeloton is releasing a lower-priced treadmill to become more than a purveyor of high-end stationary-bikes. The public company, which reported revenue…
Continue ReadingThe boom in bitcoin prices is giving a huge lift to a California bank that accepts cryptocurrency deposits and doles out bitcoin-backed loans. Shares…
Continue ReadingThe US economy is still at the mercy of the pandemic. But for policy makers to help the recovery along, we must first get the virus under control,…
Continue ReadingMicrosoft is joining forces with publishers in Europe to call for an Australia-style system that would force tech platforms such as Google and…
Continue ReadingElectricity and gas provider Just Energy warned that the financial impact of the Texas winter storms could force it out of business. Just Energy said…
Continue ReadingNearly a year into the Covid-19 pandemic, many Americans remain stuck trying to work, attend school and socialize from home. For tens of millions of…
Continue ReadingA version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. USA Today and Suffolk…
Continue ReadingKamala Harris isn’t the only Black woman making history in 2021. The January 20 swearing-in of the nation’s first woman, Black and…
Continue ReadingIn an interview with CNN’s Anderson Cooper, Bill Gates said deaths during Texas’ winter freeze were preventable, caused by the…
Continue ReadingNearly 30,000 Macs world-wide have been infected with mysterious malware, according to researchers at security firm Red Canary. The malware, which…
Continue ReadingEveryone seems to love fried chicken sandwiches. But how about a fried chicken sandwich on a taco? Taco Bell is making that dream come true with its…
Continue ReadingRio Tinto’s former CEO got a huge payout last year despite being forced to resign over the company’s destruction of a sacred Indigenous…
Continue ReadingDominion Voting Systems, the election technology company that has been the focus of debunked conspiracy theories about election fraud, is suing…
Continue ReadingDisney+ is warning viewers that some episodes of “The Muppet Show” feature “negative depictions” and “mistreatment of…
Continue ReadingSurging iPhone sales in the final three months of 2020 pushed Apple ahead of Samsung as the world’s biggest smartphone maker, according to new…
Continue ReadingPublix joined a growing list of US grocers and retailers offering incentives to workers who get the Covid-19 vaccine. The popular Southern…
Continue ReadingThe White House supports studying the merits of a financial transaction tax — a move favored by progressives and despised by Wall Street — in the…
Continue ReadingThe majority of power outages in Texas over the past week came from losses in coal, natural gas and nuclear energy, according to the state’s…
Continue ReadingFact-checkers are entering a new era under President Joe Biden’s administration. While Biden isn’t perfect, his claims are “more…
Continue ReadingIn an interview with CNN’s Anderson Cooper, Bill Gates said deaths during Texas’ winter freeze were preventable, caused by the…
Continue ReadingFast food wants to be a force in fast fashion. McDonald’s latest non-edible creation is a hoodie, timed to coincide with the launch of its new…
Continue Reading“Saturday Night Live” felt like a lot of people needed to apologize this week, so on Saturday’s episode that’s what happened.…
Continue ReadingWith the value of bitcoin in the market topping $1 trillion, longtime backers may be wiping tears from their eyes. The cryptocurrency is growing up.…
Continue ReadingSix Flags Entertainment Corporation says it is planning to open all 26 of its amusement parks and water parks for the 2021 season, including five…
Continue ReadingFor nearly a year, newsrooms have mostly sat empty because of the pandemic. Staffers have been working from home and not seeing many of their…
Continue ReadingHours after Google tried to turn the page on a months-long controversy over the abrupt departure of one leader of its Ethical AI team, the other…
Continue ReadingThe remaining leader of Google’s Ethical AI team said she was fired on Friday, hours after the company’s top AI executive apologized for…
Continue ReadingRemember the good old days when your phone was running out of juice and you could easily snap off the back cover, pull out the battery and swap in a…
Continue ReadingGoogle plans to change its approach for handling how certain employees leave the company after finishing a months-long review of the abrupt and…
Continue Reading“Icy Park” is finally here. Beyoncé’s sports apparel brand Ivy Park x Adidas released its third collection of merchandise online…
Continue ReadingThe trillion-dollar market value club has a new member: bitcoin. The total number of bitcoins trading are now collectively worth more than $1…
Continue ReadingCopper prices climbed to their highest level in nearly a decade Friday as investors in the commodity anticipate rising demand for infrastructure and…
Continue ReadingAmerica’s CEOs are the most confident they have been in 17 years, as company leaders expect fewer layoffs and further improvements in the…
Continue ReadingThe blackouts that shut down most of Texas for much of this week could be coming to other parts of the country in the future. The power outages…
Continue ReadingOver on Disney+ it’s time to play the music; it’s time to light the lights as “The Muppet Show” debuts on the service Friday.…
Continue ReadingAll of Dole Packaged Foods’ US-based employees will make at least $15 an hour within a few months, the company says. “The $15 an hour…
Continue ReadingUber is reviewing how it treats thousands of drivers in the United Kingdom after the Supreme Court upheld a ruling that they should be classified as…
Continue ReadingHow Facebook, Uber and Robinhood run their businesses is under threat around the world, a warning sign for investors who have been all too willing to…
Continue ReadingAs winter storms sweep the US, you may be using your snow blower more than ever. And if it’s made by Toro, it’s time to check your model…
Continue ReadingCitigroup lost a court battle Tuesday to claw back $504 million it mistakenly wired to Revlon’s lenders in August. But don’t get your…
Continue ReadingThe market for new stocks continues to sizzle — with no signs of a slowdown for initial public offerings or special purpose acquisition company…
Continue ReadingFacebook’s decision to block people from sharing news in Australia has been rebuked by lawmakers around the world, raising the specter of a…
Continue ReadingWhat is Facebook without news? People and publishers in Australia are now finding out. Facebook has barred Australians from finding or sharing news…
Continue ReadingFor nearly a year, restaurant operators across the country have had to ask themselves a devastating question: Can we afford to stay open? The…
Continue ReadingMillions of American jobs have been lost due to the pandemic – and a lot of those positions likely aren’t coming back. People are losing…
Continue ReadingAn Australian employee of China’s state broadcaster CGTN has been arrested on suspicion of “illegally supplying state secrets…
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