Money
Wendy’s went all in on breakfast. It’s paying off
People are eating at home more. But Wendy’s says they’re still showing up for breakfast. The chain said Wednesday that sales at its US…
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These Texas chains will still require masks once the state’s mandate is lifted
The end of mask mandates in Texas and Mississippi has created a dilemma for businesses: Keep such safety rules in place to protect against Covid-19…
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Biden’s energy secretary vows to ‘leave no worker behind’ in the clean energy revolution
Fossil fuel workers will not be left behind in the Biden administration’s push to embrace clean energy. That’s the promise from new…
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Why facial piercings could help boost mall traffic
Consumers typically have flocked to malls because they’re a one-stop shop for everything from socks to sofa sets. Now, one of the biggest mall…
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This piercing chain thinks it has found a new way to get people through mall doors
Consumers typically have flocked to malls because they’re a one-stop shop for everything from socks to sofa sets. Now, one of the biggest mall…
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New fund tracks ‘meme stocks’ after GameStop saga caught Wall Street off guard
Looking for a hot stock to buy? Investors — especially younger millennial and Gen Z traders— are increasingly getting tips from sources like…
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SoftBank-backed Greensill Capital is on the brink. 50,000 jobs could be at risk
The future of Greensill Capital, a UK financial startup backed by SoftBank, has been thrown into doubt after German regulators shuttered a bank it…
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Microsoft says a group of cyberattackers tied to China hit its Exchange email servers
Microsoft says that a sophisticated group of hackers linked to China has exploited its popular email service that allowed them to gain access to…
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Big companies in Texas and Mississippi will still require masks as states end mandates
The end of mask mandates in Texas and Mississippi has created a dilemma for businesses: Keep such safety rules in place to protect against Covid-19…
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A new fund tracks ‘meme stocks’ after the GameStop saga caught mainstream investors off guard
Looking for a hot stock to buy? Investors — especially younger millennial and Gen Z traders— are increasingly getting tips from sources like…
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Japanese billionaire invites 8 people to join SpaceX mission around the Moon
Japanese fashion mogul Yusaku Maezawa, who first announced his intention in 2018 to take a group of artists with him on a six-day trip around the…
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UK says the biggest companies must pay more tax
Britain will hike taxes on its biggest companies in 2023 as it begins to repair government finances in the wake of the pandemic, the worst economic…
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Private equity firm acquires Michaels in $5 billion deal
Private equity giant Apollo Global Management is acquiring arts and crafts retailer Michaels in a $5 billion deal. Apollo will buy all outstanding…
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Instagram accidentally hid likes for some users
An Instagram bug briefly hid likes from some of its users on Tuesday, after the company accidentally expanded a long-running test of the feature.…
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Right-wing misinformation on Facebook is more engaging than its left-wing counterpart, research finds
By now it’s well known that Facebook has a misinformation problem. The company has tried to address it in various ways, from labeling false…
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Winter storm cools gun sales after Capitol insurrection led to record-setting January
The winter storm that left much of the nation covered in snow and ice last month also caused gun sales to cool down a bit after heating up in January…
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Alamo Drafthouse, the fan-favorite movie theater chain, files for bankruptcy
Alamo Drafthouse, the movie theater chain beloved by fans for its boozy milkshakes, theme nights and strict no-talking rules, has filed for…
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TikTok empowered these plus-sized women, then took down some of their posts. They still don’t know why
After losing her marketing job due to the pandemic and then gaining 40 pounds, Remi Bader, 25, began spending more time on TikTok. She built up a…
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Vaccines and stimulus are a powerful cocktail for the US recovery
Those betting on an economic boom in the United States this spring and summer just got a dose of very good news. What’s happening: President…
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Leaving Las Vegas: Sands is selling its casinos in a $6.25 billion deal
Las Vegas Sands Corp., the upscale resort and casino company founded by the late Sheldon Adelson, is leaving its namesake city and selling its two…
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Exclusive: Wall Street is in for a rude awakening, former NY Fed president says
Wall Street threw a fit last week when Treasury rates spiked. The stock market tanked and investors feared the economy was overheating. Former New…
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UK promises billions more in stimulus. But are tax hikes coming soon?
UK finance minister Rishi Sunak is preparing to deliver a crucial budget in the wake of the economy’s worst slump in more than three centuries,…
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How a Chinese website for pirated TV shows became a cultural touchstone for millennials
When Bill Liang realized that popular video download and streaming service Renren Yingshi might be gone for good his heart sank. The website, also…
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How news orgs can combat vaccine hesitancy as production ramps up
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. The vaccine story is…
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Rio Tinto’s chairman to step down in latest shakeup following Indigenous cave destruction
Rio Tinto Chairman Simon Thompson is stepping down over the company’s destruction of a 46,000-year-old, sacred Indigenous site in Australia,…
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Why 5G is such a headache for designers
Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here.…
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Watch out, PayPal. Square just launched its own bank
Square, the financial payments firm run by Jack Dorsey, launched an in-house bank that it says will allow it to “operate more nimbly” in…
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Fox News gets a huge Trump bump during former president’s CPAC speech
The Republican base’s commitment to former president Donald Trump showed up like a fist in the air in Sunday’s television ratings. The…
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Inside the complicated business of disguising 5G equipment
For years, artificial cacti have lined the sandy roadsides of North Scottsdale, Arizona. They look real at first glance but tucked inside are…
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Square launches an in-house bank as fintech competition heats up
Square, the financial payments firm run by Jack Dorsey, launched an in-house bank that it says will allow it to “operate more nimbly” in…
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Reese’s is launching a peanut butter cup without any chocolate
Peanut butter purists called and Reese’s answered. Reese’s latest iteration of its wildly popular peanut butter cup will be all peanut…
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Businesses can e-file state, federal income taxes together
Businesses wanting to e-file both their federal and state income tax returns should visit the Idaho State Tax Commission website, tax.idaho.gov.…
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Bitcoin is surging as an inflation hedge, but don’t count out gold either
Inflation concerns have led to more volatility in the stock and bond markets of late. That should be good news for gold, a tangible asset with a…
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Kayleigh McEnany, Trump’s former press secretary, is joining Fox News
Kayleigh McEnany, the last White House press secretary under the Trump administration, is joining Fox News as an on-air contributor. “It is my…
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Volvo to go fully electric by 2030
By the end of the decade, the only Volvo you’ll be able to purchase will be electric. And you’ll only be able to buy it online. The…
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Target saw more sales growth in 2020 than the last 11 years combined. Here’s why
The pandemic drove Target to a record year of sales growth, as shoppers stocked up at its stores and bought online. Target’s 2020 sales…
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Reporters Without Borders files criminal complaint against Saudi crown prince
Reporters Without Borders has filed a criminal complaint in Germany accusing Crown Prince Mohammed bin Salman and other Saudi officials of committing…
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Amazon quietly changed its app icon after some unfavorable comparisons
Amazon has quietly changed the design of its new app icon, replacing the blue ribbon on top that drew some unfavorable comparisons. Users of the…
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Wired names Gideon Lichfield of MIT Tech Review as top editor
Wired, the preeminent tech magazine, has its new leader: Gideon Lichfield of MIT Technology Review is coming on as its global editorial director.…
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Two of the most powerful economic voices in America disagree on a tax for the uber-rich
Democratic Senator Elizabeth Warren faces an uphill battle persuading Washington to back her tax on ultra-millionaires — starting with convincing…
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John Kerry has a warning for Big Oil
John Kerry had some tough talk for the leaders of Big Oil. The message: embrace clean energy or get left behind. “You don’t want to be…
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Target reports a record year for sales
The pandemic drove Target to a record year of sales growth, as shoppers stocked up at its stores and bought online. Target’s 2020 sales…
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Instacart doubles its valuation for the second time since pandemic began
For the second time since the the pandemic began, Instacart has doubled its valuation as a privately-held startup. The on-demand grocery delivery…
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Vaccine delays and skimpy stimulus are holding back Europe’s recovery
The United Kingdom is banking on a rapid vaccine rollout to bring its economy back to life this summer, while the United States is pinning its…
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Hertz has buyers and a plan to emerge from bankruptcy
Two investment firms have agreed to pay a combined $4.2 billion to buy Hertz and take it out of bankruptcy by the early to mid-summer, another sign…
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Can stocks shrug off bubble talk? Wall Street thinks so
Financial markets have been rocked by volatility in recent days as investors try to game out how to play the next phase of the pandemic. What’s…
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China is sounding the alarm about a global market bubble
One of China’s most powerful financial officials is sounding the alarm over a bubble in global markets. Guo Shuqing, the Communist Party boss…
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China’s Nio wants to expand overseas, but there are roadblocks ahead
China’s Nio is continuing its turnaround and even eyeing a push abroad. But the wannabe “Tesla killer” isn’t on completely…
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David Muir’s new role at ABC News leads to drama with George Stephanopoulos and a visit from Bob Iger
Earlier this year tensions between ABC News anchors George Stephanopoulos and David Muir boiled over to the point that Stephanopoulos threatened to…
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Amazon employee sues the company, alleging racial discrimination and unequal pay
An Amazon employee filed a lawsuit Monday accusing the tech giant of deliberately paying her and other Black employees less than their White…
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A Trader Joe’s worker says he was fired after writing to the CEO about Covid-19 safety protections
A Trader Joe’s worker says he was fired after writing directly to the chain’s CEO calling for stronger Covid-19 safety protocols in his…
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The maker of a $2,995 home gym is opening up shops in Nordstrom stores
Nordstrom and at-home fitness startup Tonal, which sells a $2,995 smart home gym, have teamed up to launch a handful of Tonal mini shops inside…
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S&P 500 notches best day since June
The Dow rallied a little more than 600 points Monday, as US Treasury yields pulled back and took a breather from their recent ascent. All three major…
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Get over it, the media isn’t going to give Joe Biden a free ride
Over the past few weeks, progressive activists have lit up Twitter over the media’s criticism of President Joe Biden. There have even been loud…
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Former New York Times reporter breaks silence after being ousted amid racial slur controversy
Donald G. McNeil Jr., the star New York Times reporter who resigned amid uproar over his 2019 use of a racial slur, broke his silence on Monday,…
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US stocks surge as bond markets take a breather
The Dow rallied nearly 700 points in early afternoon trading Monday, as US Treasury yields pulled back and took a breather from their recent ascent.…
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The maker of a $2,995 home gym is opening up shops in Nordstom stores
Nordstrom and at-home fitness startup Tonal, which sells a $2,995 smart home gym, have teamed up to launch a handful of Tonal mini shops inside…
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Top European media outlet refuses to join Facebook News
Facebook is launching its news product in Germany without media giant Axel Springer, which publishes the country’s most popular daily newspaper…
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United, predicting a rebound in travel, buys 25 Boeing 737 Max jets
United Airlines disclosed Monday one of its largest orders for the Boeing 737 Max jet since the aircraft was grounded in March 2019, agreeing to buy…
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Biden throws support behind Amazon workers holding milestone union vote
President Joe Biden on Sunday night lent his support to Amazon workers who are pushing to unionize — and appeared to warn Amazon not to deter them.…
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Here’s why 2021 could be a big year for labor unions
Rarely has the chasm between rank-and-file-workers and the extremely wealthy been this wide. While millions of people have lost jobs, gone hungry and…
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How long should movies be in theaters before streaming? Hollywood is trying to find out
With the movie business upended during the pandemic and tilting more towards streaming than cineplexes, Hollywood is rethinking its business model.…
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Wall Street’s new bogeyman: the bond market
Covid-19 no longer seems to be the biggest concern on Wall Street as more people are getting vaccinated. Now, the focus is squarely on the bond…
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McDonald’s CEO responds after report alleges sexual harassment among workers
Sexual harassment against McDonald’s restaurant employees “will not be tolerated,” McDonald’s CEO Chris Kempczinski said in a…
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Rocket Lab joins the SPAC craze
Rocket Lab, a startup that builds small rockets to shuttle satellites to orbit, announced Monday that it’s going public via SPAC, joining a…
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Exxon aims to quell shareholder revolt by adding activists to board
ExxonMobil is adding two prominent activist investors to its board of directors, in a bid to halt the first credible threat to overthrow its board in…
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McDonald’s CEO promises investigation after report alleges sexual harassment among workers
Sexual harassment against McDonald’s restaurant employees “will not be tolerated,” McDonald’s CEO Chris Kempczinski said in a…
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Stocks pop as bond yields take a breather
Stocks jumped at Monday’s opening bell as US Treasury yields are pulling back and taking a breather from their recent ascent. The Dow opened…
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Budweiser Select is making a comeback as light beer sales surge
With Americans drinking more light beer than ever, Anheuser-Busch is giving them another option with the nationwide release of Budweiser Select. The…
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Starbucks is adding oat milk to its menu
Starbucks is adding oat milk to its menus across the United States beginning Tuesday as demand for non-dairy alternatives surges. Oat milk has become…
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Mr. Potato Head is the latest weapon in the Fox News culture wars
Mr. Potato Head caused a lot of buzz last week, and Fox News played a big part in that. Over the past week, the plastic toy — and its gender —…
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Warren Buffett sees shades of 1980s crisis in today’s bond market
Warren Buffett is warning that the “pathetic” returns available to bond investors may encourage risky behavior. “Bonds are not the…
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Chinese investment in Australia plunged last year as tensions worsened
Trade ties between Australia and China worsened over the past year as the two countries became mired in a diplomatic dispute. Now it appears those…
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Wall Street is kicking out yet another big Chinese company
A major Chinese oil company that has traded on Wall Street for decades has become the latest casualty of tensions between Washington and Beijing. The…
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From ‘hoax’ to hope: Why March 2021 may be a turning point for the US
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. March 2020 never…
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What Australia’s new law might mean for the news you see in the future
Facebook has turned the news back on. In Australia, the websites that were previously blocked by Facebook are now accessible and sharable once again.…
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India imposes new rules on Facebook, Twitter and YouTube
India issued strict new rules on Thursday for Facebook, Twitter and other social media platforms weeks after the country’s government attempted…
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$3 gasoline could be around the corner — unless OPEC and Russia start pumping more oil
OPEC and Russia’s unprecedented production cuts last spring lifted oil prices out of a death spiral. Nearly a year later, the group is under…
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Apple had a blowout quarter in China. But can its success there continue?
Apple blew through its December quarter record for sales in China when it reported earnings last month. Sales in the greater China region grew a…
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‘SNL’ has Dr. Fauci hand out coronavirus vaccines on a game show
As more coronavirus vaccines begin to roll out, it may be difficult to know if you’re eligible or not, so “Saturday Night Live”…
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Asian banks are failing on climate by channeling billions into coal, report says
Many of the world’s leading financial institutions have pledged in recent years to slash their support for the coal and oil industries. But a…
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Warren Buffett admits to a rare ‘mistake’
The Oracle of Omaha said he made a mistake. In his annual letter to shareholders of Berkshire Hathaway, investing guru Warren Buffett disclosed that…
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Unpaid rent is piling up. Landlords can’t hold on forever
Millions of struggling renters caught a much-needed break when the federal moratorium on evictions was extended through the end of March. But for…
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Peppa Pig is getting her own Orlando-area theme park, complete with muddy puddles
Peppa Pig is looking to hog some of the Florida sunshine enjoyed by Mickey Mouse and Harry Potter. The animated British piglet popular with…
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Manufacturing CEO: Before Biden, it felt like we were fighting the pandemic alone
A former Republican operative who now leads one of the nation’s most powerful business groups is praising President Joe Biden’s efforts…
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The Oracle of Hollywood? Berkshire Hathaway’s 2021 annual meeting to be held in LA
Warren Buffett is going to Hollywood. The annual Berkshire Hathaway shareholder meeting on May 1, normally held in Buffett’s home town of…
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McDonald’s, Taco Bell and Burger King heat up chicken sandwich wars
January was huge for the fried chicken sandwich wars, but February was somehow even bigger. This month, Wendy’s, Taco Bell, Burger King and…
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Where the stimulus bill stands in Congress, and what comes next
The major order of business for President Joe Biden and Congress is to pass a $1.9 trillion Covid relief package before the round of unemployment…
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Nikola: Former executive chairman misled investors numerous times
Electric truck company Nikola is throwing its founder and former executive chairman Trevor Milton under the proverbial hydrogen-powered bus. In a…
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McDonald’s and other chains are giving their drive-thrus the Jetsons treatment
At a McDonald’s drive-thru in a Chicago suburb, customers may notice something different about the voice that takes their orders for Big Macs…
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Oil is up nearly 70% since the election, a record in the modern era
The oil market is starting the Biden era with a bang. And that means Covid-weary Americans returning to the roads this spring and summer will be…
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Fox News is still trying—and failing—to find a solution to its 7 p.m. problem
To understand the state of cable news at the beginning of the Biden era, check out the 7 p.m. Eastern hour on weekdays. This month last year Fox News…
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Amazon is putting cameras in its delivery vans and some drivers aren’t happy
For Kamille Elizabeth, delivering Amazon packages in Wilmington, Delaware feels carefree and comfortable. She has deliveries to make and rules to…
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IPhone builder Foxconn is working on an electric car with Fisker
Foxconn, the Taiwan-based electronics manufacturing company best known for assembling the Apple iPhone, is working on an agreement with the…
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Things were just getting better for restaurants in Texas. Then the winter storms hit
For Mason Ayer, the frigid winter storm that tore through Texas felt like yet another punch in the gut. Power and water outages made it impossible to…
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Paramount+: Here’s everything you need to know about ViacomCBS’ new streaming service
ViacomCBS has been heavily advertising Paramount+, its new streaming service, with an ad campaign that has some of its biggest stars — everyone…
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Welcome to McDonald’s. A machine will take your order now
At a McDonald’s drive-thru in a Chicago suburb, customers may notice something different about the voice that takes their orders for Big Macs…
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Global stocks routed as inflation fears dominate
Global stocks tumbled Friday as a sharp bond selloff encouraged investors to dump riskier assets. Asian markets followed US stocks lower.…
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