Hyundai and Kia are spending $7 billion in US electric car push
Hyundai and Kia are pouring billions of dollars into the United States, where they plan to start building electric cars and invest more in futuristic…
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How John Deere is helping Black farmers and their descendents take back unjustly seized land
It’s been nine years since Michael Robinson of Columbus, Ohio, nearly lost a major part of his family’s legacy. He’s still fighting…
Continue Reading News outlets ask: Is this the beginning of the end of the pandemic?
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. The beginning of the…
Continue Reading Ethereum co-founder donates $1 billion of shiba inu coin to India Covid relief
Ethereum co-founder Vitalik Buterin donated $1 billion worth of shiba inu coin — a dogecoin spinoff — to a Covid-19 relief fund in India. The…
Continue Reading Birkin bags hit record prices even as the world ground to a halt during Covid. Here’s why
The desirability of an Hermès Birkin handbag — a symbol of rarefied wealth — is such that not even a global pandemic can dull demand for…
Continue Reading How stores are responding to CDC’s new mask guidance
CVS, Walgreens and Macy’s said they are reviewing their requirements for facial coverings following new CDC guidance easing mask wearing for…
Continue Reading Disney+ growth has slowed. That’s bad news for Disney
Streaming has carried Disney through the pandemic with Disney+ growing to more than 100 million subscribers. Yet the biggest star in Disney’s…
Continue Reading Stores review mask policies after new CDC guidance
CVS, Walgreens and Macy’s said they are reviewing their requirements for facial coverings following new CDC guidance easing mask wearing for…
Continue Reading Why the ‘Friends’ reunion is a critical moment for HBO Max
The long-awaited and much anticipated “Friends” reunion is coming to HBO Max at last. “Friends: The Reunion” will debut on…
Continue Reading Tesla may be much worse off in China than anyone thought
Tesla’s Chinese sales last month were much weaker than they originally appeared. Although Tesla does not report monthly sales or regional…
Continue Reading Disney+ has sluggish growth, hitting Disney’s stock
Streaming has carried Disney through the pandemic with Disney+ growing to more than 100 million subscribers. Yet on Thursday, the biggest star in…
Continue Reading Stocks rebound from inflation fears
Stocks rebounded Thursday from the inflation-fear weakness earlier in the week — though they pulled back a bit from earlier sharp gains. The Dow,…
Continue Reading How investors can protect themselves from rising prices
Inflation is all that the market seems to care about these days. Wages are rising, consumer prices are surging — and investors are worried the…
Continue Reading Everything is getting more expensive. That’s especially bad news for low-income Americans
Prices are climbing all over the place as the economy is reopening. But for lower-income earners — who were already hit hardest by the pandemic —…
Continue Reading How to hedge against inflation — and what to avoid
Inflation is all that the market seems to care about these days. Wages are rising, consumer prices are surging — and investors are worried the…
Continue Reading Alibaba’s sales surge but cloud growth slows
Alibaba has reported earnings for the first time since China imposed a record fine on the tech giant — and the numbers were not as awful as some…
Continue Reading Global airlines cancel flights to Israel as violence escalates
Global airlines are canceling flights to Israel as clashes between the country’s military and Palestinian militants in Gaza intensify. Delta…
Continue Reading McDonald’s raises wages at company-owned restaurants
McDonald’s is the latest restaurant to say it’s raising wages in a bid to attract workers. The company is increasing hourly…
Continue Reading Chips are in short supply. Manufacturers are spending big to prevent a repeat
As the world grapples with a shortage of semiconductors, South Korea’s chipmakers are spending huge amounts of money to shore up their…
Continue Reading Rising prices are the latest financial blow to low-income Americans
Prices are climbing all over the place as the economy is reopening. But for lower-income earners — who were already hit hardest by the pandemic —…
Continue Reading Dow rallies 500 points as stocks rebound from inflation fears
Stocks are rallying sharply on Thursday with the Dow gaining some 500 points mid-morning. Worries about sudden spikes in inflation, which weighed on…
Continue Reading McDonald’s is hiking pay — but only for some workers
McDonald’s is the latest restaurant to say it’s raising wages in a bid to attract workers. The company is increasing hourly…
Continue Reading Colonial Pipeline is restarting but the gas crisis isn’t over
The Colonial Pipeline is back in action after a six-day shutdown, but widespread gas station outages in the Southeast could linger for days. Industry…
Continue Reading Bitcoin plunges 12% after Elon Musk tweets that Tesla will not accept it as payment
The price of bitcoin has nosedived after Tesla CEO Elon Musk said his company was suspending plans to accept the cryptocurrency as payment for…
Continue Reading Bitcoin’s crash is very bad news for other cryptos
Elon Musk’s surprise reversal on accepting bitcoin payments for Tesla cars has triggered a sharp plunge in the cryptocurrency — spelling…
Continue Reading People are panic buying homes as prices skyrocket around the world
It wasn’t long ago that real estate experts were bracing for the worst. The coronavirus pandemic had sent large parts of the world into…
Continue Reading Bitcoin drops around 12% after Elon Musk tweets that Tesla will not accept it as payment
The price of bitcoin has taken a nosedive after Tesla CEO Elon Musk said his company was suspending plans to accept the cryptocurrency as payment for…
Continue Reading After months of hyping bitcoin, Elon Musk suddenly says Tesla will stop accepting it
Elon Musk says Tesla is abandoning plans to accept bitcoin as payment for the company’s electric vehicles, citing the cryptocurrency’s…
Continue Reading Colonial Pipeline launches restart after six-day shutdown
The Colonial Pipeline launched the restart of its operations Wednesday evening following a six-day shutdown caused by a ransomware attack, but the…
Continue Reading Reality show ‘Unicorn Hunters’ is looking for the next $1 billion company
A new reality TV show called “Unicorn Hunters” borrows the pitch-for-fame-and-fortune concept popularized by “Shark Tank” but…
Continue Reading Gas stations in the Southeast run out of gas as people panic buy fuel
Gas stations in the southeastern United States faced significant outages Wednesday as the Colonial Pipeline shutdown stretched into a sixth day,…
Continue Reading Colonial Pipeline posted a cyber security manager job weeks before the attack
It might seem a bit late to fill the job, but Colonial Pipeline had been looking for a cyber security manager weeks before the ransomware attack. Too…
Continue Reading Jack Dorsey’s $2.9 million NFT tweet sale may be only the beginning
Earlier this year Twitter CEO Jack Dorsey sold a digitally signed copy of his first-ever tweet from 2006 for nearly $3 million. And that could be…
Continue Reading Why Americans are panic buying fuel — and why you shouldn’t
A growing number of gas stations along the East Coast are without fuel as nervous drivers aggressively fill up their tanks following a ransomware…
Continue Reading The Colonial Pipeline attackers wanted money. Should companies pay?
A devastating ransomware attack on a critical fuel pipeline in the United States has highlighted the growing threat that cyber criminals pose to the…
Continue Reading KFC is changing its packaging. Here’s what it looks like
Kentucky Fried Chicken is rolling out new packaging this summer, joining other major fast food companies that are giving themselves a makeover. The…
Continue Reading Business lunches are back. And they’re longer and boozier than ever
As pandemic restrictions ease, and more people get vaccinated and start returning to offices, some restaurants are seeing lunchtime crowds pick up.…
Continue Reading Who owns the Colonial Pipeline? It’s complicated
About the only thing that hasn’t been hurt by the hacking attack that shut down the Colonial Pipeline? The company’s market value. If it…
Continue Reading Hackers paralyzed a pipeline. Banks and stock exchanges are even bigger targets
Hackers are holding one of America’s most important pipelines hostage, a stunning development that should serve as a warning to even bigger…
Continue Reading Chick-fil-A is facing a sauce shortage
The supply chain shortage just got fowl: Chick-fil-A is limiting the number of sauces it’s giving out to customers because of limited stock.…
Continue Reading Used cars, travel and furniture are just some of many things that are getting more expensive
Just about everything is getting more expensive in the United States as the stimulus-fueled economy rebounds and Americans are again spending on…
Continue Reading Companies are being held to ransom. Should they pay up to get back online?
A devastating ransomware attack on a critical fuel pipeline in the United States has highlighted the growing threat that cyber criminals pose to the…
Continue Reading Chickens are in short supply. Blame Tyson’s roosters
Chickens are in short supply. Part of the blame goes to Tyson’s roosters. The meat processor, which sells poultry along with beef and pork,…
Continue Reading Used cars, travel and furniture are just some of things that are getting more expensive
Just about everything is getting more expensive in the United States as the stimulus-fueled economy rebounds and Americans are again spending on…
Continue Reading US agrees to lift Trump-era ban on China’s Xiaomi
The US government will no longer blacklist Chinese smartphone maker Xiaomi, lifting a short and contentious ban on Americans investing in the company…
Continue Reading Just about everything is getting more expensive in the United States
Just about everything is getting more expensive in the United States as the stimulus-fueled economy rebounds, sending Americans back to shops and…
Continue Reading Investors may have misjudged the recovery summer
We’ve all missed live concerts, weekend getaways and long vacations in the sun. Finally, thanks to coronavirus vaccination campaigns, such…
Continue Reading People are shopping at department stores again. But don’t call it a comeback
More people are refreshing their wardrobes at department stores again as they head back into restaurants and offices. That’s great news for…
Continue Reading Time is running out for China to prepare its economy for a ‘great demographic unknown’
China is growing fast — but the workforce powering its economic rise is shrinking. Census data released Tuesday showed that China’s total…
Continue Reading Tesla’s weak sales in China worry investors
Tesla’s recent run of bad publicity in China is apparently hurting its sales there, raising investor concerns. The electric car leader sold…
Continue Reading The UK economy still has a huge mountain to climb
The UK economy is coming out of its deep freeze. Gross domestic product shrunk by 1.5% in the first quarter, according to the Office for National…
Continue Reading What an ancient poem says about China’s fearful tech tycoons
A thousand-year-old poem just cost Chinese delivery giant Meituan tens of billions of dollars in market value, further rattling a tech industry that…
Continue Reading IBM CEO: America needs a NASA-like agency to prevent future pipeline attacks
IBM is on a tear under the leadership of new CEO Arvind Krishna: It created the world’s smallest microchip and Tuesday it announced new AI…
Continue Reading More than 40% of expats in a new survey are thinking of leaving Hong Kong
More than 40% of expats surveyed by the American Chamber of Commerce in Hong Kong say they’re considering moving away from the former British…
Continue Reading Time is running out for Beijing to prepare its economy for a ‘great demographic unknown’
China is growing fast — but the workforce powering its economic rise is shrinking. Census data released Tuesday showed that China’s total…
Continue Reading ‘You breathe differently when you aren’t the only one:’ Women are leading America’s key news outlets
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Sally Buzbee will be…
Continue Reading Chipotle says employees can make $100,000 after just 3 years on the job
Restaurants are struggling to hire workers, so some, including Chipotle, are trying to sweeten the pot with higher pay and bigger career…
Continue Reading American Airlines has to add fuel stops after pipeline shutdown
American Airlines is adding stops on two long-range flights out of Charlotte, North Carolina, in response to fuel supply chain disruptions caused by…
Continue Reading Sally Buzbee will be first woman to lead Washington Post as new executive editor
The Washington Post has selected Sally Buzbee, executive editor and senior vice president at the Associated Press, as its new top editor. Buzbee…
Continue Reading Target is launching a line of plant-based food
Target is launching its own line of plant-based foods as demand continues to grow for meat and dairy alternatives. The new assortment includes more…
Continue Reading Here’s where Melinda Gates will focus her multi-billion-dollar fortune after her divorce
Together, Bill and Melinda Gates were one of the richest and most philanthropic couples in the world. After splitting, they will be two of the…
Continue Reading Starbucks has a new Frappuccino for the summer
Starbucks is ringing in summer with a Strawberry Funnel Cake Frappuccino, its first new limited time flavor in more than three years. The new menu…
Continue Reading Arrest of journalists a litmus test for how Thailand treats those fleeing persecution in Myanmar
Three senior reporters who fled Myanmar for Thailand after the brutal military coup “face certain arrest and persecution” if they are…
Continue Reading Amazon destroyed more than 2 million counterfeit products last year
Amazon destroyed more than 2 million suspected counterfeit products that third-party sellers sent to its fulfillment centers last year as part of a…
Continue Reading One reason there’s a chicken shortage? Disappointing roosters
Chickens are in short supply. Part of the blame goes to Tyson’s roosters. The meat processor, which sells poultry along with beef and pork,…
Continue Reading Gasoline demand spikes in several states after pipeline hack
A growing number of gas stations along the East Coast are without fuel as nervous drivers aggressively fill up their tanks following a ransomware…
Continue Reading Cannabis company growing weed in Colombia goes public in US
Most cannabis companies that list their stocks in the United States grow their products in indoor greenhouses, often in Canada. But a company named…
Continue Reading Stocks tumble as surging prices rattle the market
US stocks sold off Tuesday and the Dow briefly tumbled more than 600 points, as investors grow increasingly concerned about raw material price…
Continue Reading Why the Golden Globes might never be the same
NBC’s cancellation of next year’s Golden Globes — historically one of the major events on Hollywood’s months-long awards calendar…
Continue Reading Dogecoin is still in the dog house after Elon Musk’s ‘SNL’ appearance
Dogecoin prices rebounded Tuesday morning after Tesla CEO Elon Musk asked his nearly 54 million Twitter followers if they want his car company to…
Continue Reading She was tired of seeing Black stereotypes on TV. So she started her own streaming service
When DeShuna Spencer sat in front of her TV to scroll through her options, she noticed a glaring problem: Nobody looked like or was representative of…
Continue Reading Bed Bath & Beyond has a plan to stop losing bargain hunters to Amazon and Target
Bed Bath & Beyond has decided it’s too expensive for some shoppers. It’s trying to change that. The chain has launched a new…
Continue Reading Dow briefly tumbles more than 600 points as surging prices rattle the market
US stocks sold off Tuesday and the Dow briefly tumbled more than 600 points around mid-morning, as investors grow increasingly concerned about raw…
Continue Reading McDonald’s is changing its coffee cups to promote the COVID-19 vaccine
McDonald’s is partnering with the White House to promote vaccination information on its coffee cups as hesitancy grows about taking the…
Continue Reading Dow tumbles more than 600 points as surging prices rattle the market
US stocks tumbled Tuesday and the Dow sold off more than 600 points around mid-morning, as investors grow increasingly concerned about raw material…
Continue Reading Victoria’s Secret is becoming a publicly traded company
L Brands has officially given up on seeking a buyer for Victoria’s Secret and is spinning off the struggling underwear brand to become its own…
Continue Reading Surging prices are spooking the stock market
US stocks tumbled out of the gate Tuesday as investors grow increasingly concerned about raw material price spikes, shortages and inflation. Prices…
Continue Reading NBC will not air the next Golden Globes after diversity controversy
The Golden Globes will not be airing on NBC next year, temporarily ending a decades-long relationship between the network and the Hollywood Foreign…
Continue Reading Some big risks to investors have been hiding in plain sight
What do stretched supply chains, rising prices and the ransomware attack on the Colonial Pipeline have in common? They all stem from risks that…
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China has recorded its slowest population growth in decades, new census reveals
China’s population grew at its slowest rate in decades in the 10 years prior to 2020, according to census data released on Tuesday — a trend…
Continue Reading India’s Covid-19 catastrophe could make global shortages even worse
A terrifying and record-breaking wave of Covid-19 in India threatens to stall the country’s economic recovery and send shockwaves through…
Continue Reading Crocs is once again donating its shoes to healthcare workers
Crocs is once again stepping up to help healthcare workers during the pandemic. The shoe manufacturer announced that this week, healthcare workers…
Continue Reading US pipeline cyberattack is a ‘wake up call’ for America
Neil Chatterjee, a top federal energy regulator, is calling on energy CEOs to step up their cyber defenses following a ransomware attack that knocked…
Continue Reading More than 40 attorneys general urge Facebook to stop plans for an Instagram for kids
Facebook’s plans to launch a version of Instagram for children under the age of 13 continues to get backlash. On Monday, 44 attorneys general…
Continue Reading Sorry, dogecoin. Ethereum just shot past $4,000 to a new record
Dogecoin may have started as (and may still be) a joke. But serious cryptocurrency investors who’ve bet on ethereum are laughing all the way to…
Continue Reading Jeff Bezos’ superyacht is so big it needs its own yacht
Today in ultra-billionaire news, Amazon founder Jeff Bezos has purchased a modest 100-foot schooner as he looks forward to a quieter life and hours…
Continue Reading ‘This is a real wake up call.’ Regulator urges CEOs to intensify cyber defenses after pipeline hack
Neil Chatterjee, a top federal energy regulator, is calling on energy CEOs to step up their cyber defenses following a ransomware attack that knocked…
Continue Reading SpaceX claims it will accept dogecoin as payment for an upcoming moon mission
SpaceX is claiming it will accept dogecoin — the somewhat satirical but popular cryptocurrency — as payment for an upcoming mission. A Canadian…
Continue Reading Teen Vogue has a new editor in chief, again: NowThis’ Versha Sharma named to role
Teen Vogue has appointed its second new editor in chief this year. Versha Sharma, managing editor of NowThis, is taking the helm of the Condé Nast…
Continue Reading Bill and Melinda Gates have been working on their divorce since 2019, WSJ reports
Bill and Melinda Gates have been in the process of getting divorced for two years, according to The Wall Street Journal. On Sunday, the Journal…
Continue Reading Vimeo is ready to be the next big Barry Diller spinoff
Expedia, LendingTree, Ticketmaster and Tinder owner Match were all once part of IAC, the sprawling media and e-commerce conglomerate controlled by…
Continue Reading Wendy’s is bringing its square burgers back to Britain after 20 years
Wendy’s is returning to the United Kingdom following a two-decade hiatus, judging now the right time to take advantage of Britons’…
Continue Reading US pipeline shutdown sparks worries of $3 gas
A cyberattack forced the largest US fuel pipeline to shut down Friday, and analysts are worried the disruption could result in a spike in gas prices.…
Continue Reading More than 1 million Honda Accords may have a steering problem. The US is investigating
Federal safety regulators are investigating reports that more than 1 million Honda Accords have a steering problem that can a cause a car to veer out…
Continue Reading Low pay and ‘toxic’ workplaces are driving workers away from restaurants
On a typical week in pre-pandemic times, about 15 people would walk into one of Patrick Whalen’s casual elegant restaurants seeking a job in…
Continue Reading Mattel wants you to send back your toys when you’re done with them
Good news for 90s kids who have laundry baskets filled with Barbies in their parents’ basements: Mattel wants to recycle your old toys. The…
Continue Reading Prices are rising everywhere you look
Everywhere you look, there are headlines about higher prices. Some are tied to commodities, which are getting snapped up as the global economy…
Continue Reading Dream job: This company will pay you to nap
Sleeping on the job is one thing, but getting paid to do it? That’s what eachnight, a company focused on sleep health, is offering: $1,500 for…
Continue Reading Here’s everything you can’t get now
Chicken, lumber, microchips, gas, steel, metals, chlorine and ketchup packets: What do they all have in common? They’re all (nearly) impossible…
Continue Reading Unilever is tempting vaccine skeptics with free ice cream
Add ice cream to the growing list of free food being offered to those that get vaccinated against Covid-19. Unilever is giving away free popsicles…
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