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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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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Every Friday, groggy Marvel fans either wake up early or stay up late to follow along with the weekly adventures of streaming’s favorite…
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Beyond Meat has inked two new major new deals, with McDonald’s and Yum Brands, that will bring new plant-based items to fast food menus. The…
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Americans may be itching to travel again now that more people are getting vaccinated for Covid-19 — and there are several stocks poised to benefit…
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Prince Harry has said he stepped back from the royal family last year because the British press was “destroying” his mental health. In a…
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German footwear brand Birkenstock is selling a majority stake to L Catterton, a private equity firm backed by Bernard Arnault’s LVMH. The…
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Netflix has made progress adding diverse content created by and starring women, Black and Asian people on its platform in recent years, but the…
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The Federal Communications Commission on Thursday approved final rules for a new broadband subsidy program that could help struggling families pay…
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Hasbro is dropping the honorific “mister” from the “Mr. Potato Head” brand, renaming the shapeshifting plastic spud to the…
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India’s economy is out of recession but still a long way from returning to rates of growth seen before the pandemic. Asia’s third biggest…
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A burst of anxiety is ricocheting across financial markets as Wall Street sets expectations for the next phase of the pandemic, which could take hold…
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The United Kingdom should introduce special visas and overhaul its stock market rules to allow entrepreneurs to keep control of their companies if it…
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Jack Ma‘s tech empire may still be facing tough new regulations in China, but Alibaba seems to have won at least a little bit of favor this…
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AT&T on Thursday sold a minority stake in its video business to private equity firm TPG. The deal values DirecTV, AT&T TV and U-Verse at…
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Airbnb and DoorDash went public the same week in early December and were both met with strong demand from investors. But in their first earnings…
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Twitter is exploring a way to allow users to become paid subscribers to Twitter accounts they really like. The company teased the feature, which…
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On Thursday, GameStop stock surged as much as 85% in early trading before being halted for volatility. Shares still ended the day up more than 18% at…
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It was another rough day for stocks. The market has entered a new phase of volatility as government bond yields are on the rise, signaling…
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Hasbro is dropping the honorific “mister” from “Mr. Potato Head,” renaming the shapeshifting plastic spud to the…
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Makeup sales have been walloped by the pandemic. But that’s not stopping Sephora from adding more stores as it pushes ahead to attract shoppers…
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Digital currency exchange Coinbase has officially filed to go public, riding a wave of bitcoin enthusiasm that has sent the cryptocurrency markets…
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It’s another rough day for stocks. The market has entered a new phase of volatility as government bond yields are on the rise, signaling…
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Hyundai will recall 82,000 electric cars globally to replace their batteries after 15 reports of fires involving the vehicles. Despite the relatively…
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Part of what made last month’s GameStop trading frenzy such a mess: Right as the stock was hitting its peak, Robinhood and other brokerages…
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It’s another rough day for stocks. The market has entered a new phase of volatility as government bond yields are on the rise, signaling…
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Costco will raise its starting rate for hourly store workers in the United States to $16 an hour, putting its starting wage above rivals such as…
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London has been the unrivaled king of European finance for more than three decades. Brexit is starting to change that. Billions of dollars worth of…
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A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Watching…
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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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Call it a Mac mini: Target is opening scaled-down versions of Apple stores at some of its US outlets this year, furthering the two companies’…
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Best Buy said Thursday that it laid off 5,000 workers this month and is planning to close more stores this year as more consumers buy electronics…
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Zillow is no longer just an online platform for browsing available homes or for creeping on the value of your neighbor’s house. In recent…
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Costco will raise its starting rate for hourly store workers in the United States to $16 an hour, putting its starting wage above rivals such as…
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Another 730,000 American workers filed for first-time unemployment benefits, adjusted for seasonal swings, last week, the Labor Department reported…
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Victoria’s Secret is continuing to shrink its store count. Its parent company L Brands announced that it plans to permanently close between 30…
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PepsiCo isn’t joining the hard seltzer trend just yet. But it wants to be part of your at-home cocktail experience with a new line of mixers.…
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After a quick bout of nerves, Wall Street is ready to restart the party. What’s happening: In testimony before Congress this week, Federal…
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The Federal Reserve suffered a widespread disruption in multiple payment services Wednesday, including a system that banks and businesses rely on to…
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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…
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GameStop shares rallied 67% ahead of the opening bell Thursday, following another blockbuster day for the stock. On Wednesday, the gaming…
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GameStop traders are at it again. Company shares surged more than 100% yesterday and were halted twice for volatility before the closing bell.…
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Three 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…
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Australia has passed a new law that will force tech companies to pay publishers for news content, setting the stage for potential, similar action in…
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After a wild several weeks for GameStop, the retailer’s chief financial officer is resigning. The company announced Tuesday that Jim Bell, its…
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Do you read the following headline from CNN Business and get a little nervous? Housing market concerns begin to emerge If the answer is yes,…
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Few things have changed less during the course of this century than this nation’s fleet of postal delivery vehicles. The squat, box-like van…
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Fry’s Electronics suddenly closed all of its stores overnight, ending a nearly four-decade run in business. The company, which had 31 stores…
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TJ 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…
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TJMaxx has taken a hit from the pandemic with fewer people visiting stores and picking up clothing. But the discount giant is betting that customers…
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The Federal Reserve is suffering a disruption in multiple payment services due to an operational error, the central bank said in a statement…
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Lyft 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…
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Before last year, 28-year-old Meredith Giuliani thought voice notes were “kind of weird,” and she mostly stuck to texting. But after the…
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Dunkin’ is certainly appeasing avocado-craving millennials with its new menu item. Beginning Wednesday, the chain has added avocado toast to…
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California’s net neutrality law can go into effect after a federal judge on Tuesday handed a defeat to broadband providers who had pushed to…
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The housing market is still red hot. But there are growing concerns about how much longer this strength can last. Home Depot reported earnings and…
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Women 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…
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Retailers have been battered by the pandemic, which triggered a plunge in foot traffic and caused demand for products like work clothing to all but…
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A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Richard Winton, the…
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Mukesh Ambani has spent years trying to turn his inherited oil business into a tech empire. In 2020, that pivot really kicked into overdrive. Between…
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Facebook 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…
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Luxury electric vehicle startup Lucid Motors went public after a merger with “blank-check” firm Churchill Capital Corp IV, in the largest…
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Wall Street is increasingly concerned that a wave of spending when the economy reopens could cause prices to spike, spoiling the financial market…
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Instacart started as a grocery delivery service. But it’s increasingly moving into delivering office supplies, sporting goods, televisions,…
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SPAC mania has entered the celebrity phase. Colin Kaepernick, Shaquille O’Neal, Larry Kudlow and pop star Ciara are all lending their star…
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Tesla, 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…
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Adam Neumann, the disgraced former CEO and cofounder of WeWork, may soon have a massive payday as part of a possible settlement with SoftBank, the…
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Uncle 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…
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Governor Andrew Cuomo announced Monday that movie theaters would reopen in New York City next month, welcome news for an industry that has been…
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JPMorgan Chase and Google launched a program Tuesday to help banks owned and led by people of color increase their lending capabilities. The new…
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Over the last year, the worldwide web has started to look less worldwide. Europe is floating regulation that could impose temporary bans on US tech…
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Goodyear 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…
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Hillary Clinton is working on a book with Canadian mystery novelist Louise Penny, set in the aftermath of US political chaos. The book, titled…
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HSBC 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…
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A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. More than 500,000…
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Federal regulators are looking closely at the Texas energy market after natural gas prices rocketed during last week’s deep freeze. And…
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Oatly, 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…
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Ahmed Zaki Yamani, the long-serving Saudi oil minister who masterminded an OPEC embargo that plunged western economies into recession in 1973, has…
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Victoria Richardson turns away from her favorite show, “Chicago Med,” every time a plotline revolves around the coronavirus pandemic. The…
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The pandemic has slammed Macy’s and other department stores. But signs of a recovery are beginning to emerge. Macy’s said Tuesday that it…
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Bitcoin’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…
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When 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…
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Jay-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%…
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Companies are now being forced to answer a question that was until recently mostly hypothetical. Should they require their employees to get a…
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HSBC 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…
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Dominion Voting Systems, the election technology company that has been the focus of debunked conspiracy theories about election fraud, is suing…
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A sprawling lobby and bar with only a handful of people. Confused guests asking where everybody went. Elegant, but empty hallways. These are the…
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Airlines in the United States, South Korea and Japan have grounded dozens of Boeing 777 aircraft after one of the jets suffered engine failure…
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The 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…
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Hayley Arceneaux, a 29-year-old cancer survivor and physician assistant at St. Jude children’s hospital, got an out-of-the-blue question from…
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Late 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…
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Uncle 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…
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Boeing has spent years trying to assure customers, regulators and the public that its planes are safe. That job may have just gotten harder.…
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Peloton is releasing a lower-priced treadmill to become more than a purveyor of high-end stationary-bikes. The public company, which reported revenue…
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The boom in bitcoin prices is giving a huge lift to a California bank that accepts cryptocurrency deposits and doles out bitcoin-backed loans. Shares…
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The 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,…
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Microsoft is joining forces with publishers in Europe to call for an Australia-style system that would force tech platforms such as Google and…
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Electricity and gas provider Just Energy warned that the financial impact of the Texas winter storms could force it out of business. Just Energy said…
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Nearly 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…
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A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. USA Today and Suffolk…
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Kamala Harris isn’t the only Black woman making history in 2021. The January 20 swearing-in of the nation’s first woman, Black and…
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