Coupang, the Amazon of South Korea, raises $4.6 billion in US IPO
Coupang, South Korea’s biggest e-commerce company, has pulled off the largest US initial public offering so far this year. The SoftBank-backed…
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Warren Buffett is now worth $100 billion
Warren Buffett has just joined the world’s most exclusive club of the mega rich. The legendary American investor was worth $100 billion on…
Continue ReadingKroger will close 3 grocery stores following Los Angeles hazard pay mandate
Kroger announced it will close three Los Angeles grocery stores in May amid concerns about the city’s new hazard pay mandate, which requires…
Continue ReadingThe 737 Max crisis costs continues to climb two years after the second fatal crash
Wednesday marked a grim anniversary for Boeing and hundreds of families worldwide — two years since the fatal crash of a 737 Max flown by…
Continue ReadingTaco Bell is bringing back a fan favorite after a five-year hiatus
Cheese connoisseurs, it’s time to celebrate: Taco Bell is bringing back the Quesalupa after a five-year hiatus. The Quesalupa quickly became a…
Continue ReadingRoblox goes public and is instantly worth more than $45 billion
Investors weren’t making the trademark “oof” Roblox death sound Wednesday. Shares of the popular video game platform debuted on…
Continue ReadingMeghan complained to ITV about Piers Morgan’s comments
Meghan, Duchess of Sussex, made a formal complaint to British broadcaster ITV relating to Piers Morgan’s comments about her mental health, CNN…
Continue ReadingIowa reporter acquitted on all charges after arrest during Black Lives Matter protest
A Des Moines Register reporter whose trial was the subject of outrage among press freedom advocates was acquitted Wednesday on all charges stemming…
Continue ReadingRoblox goes public and is instantly worth more than $40 billion
Investors weren’t making the trademark “oof” Roblox death sound Wednesday. Shares of the popular video game platform debuted on…
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Cascade Seed Fund founders launch philanthropic effort to support C.O. innovation
The Cascade Innovation Fund of the Oregon Community Foundation announced its launch Wednesday to support innovation and entrepreneurship among…
Continue ReadingDon’t invest in a SPAC just because a celeb is involved, SEC warns
Shaquille O’Neal, Colin Kaepernick, Jay-Z and other celebrities are jumping into the SPAC boom. And the SEC is getting worried. “Never…
Continue ReadingElon Musk made $25 billion Tuesday
Elon Musk lost tens of billions of dollars last week. He made nearly all of that back in a single day, Tuesday, following a 20% rally in…
Continue ReadingGE dismantles the business that ended its dominance a decade ago
General Electric is selling off its aircraft leasing business, closing the books on its once mighty GE Capital unit, the financial arm of the company…
Continue ReadingWhy small grocery stores are (still) out of toilet paper
If you’ve gone into your local independent grocery store recently, chances are you’ll still find a shortage of items like toilet paper,…
Continue ReadingStarbucks is launching a new cold brew line in grocery stores
Starbucks wants you to buy more of its coffee at the grocery store. So it’s offering up something more on-trend than the bottled Frappucinos of…
Continue ReadingClorox prepares for a return to normal by selling wipes to businesses
Clorox got a huge boost from worried consumers continually wiping down surfaces at home during the height of the pandemic. But now that more people…
Continue ReadingStarbucks is launching a new cold brew line in stores
Starbucks wants you to buy more of its coffee at the grocery store. So it’s offering up something more on-trend than the bottled Frappucinos of…
Continue ReadingThe US added 379,000 jobs in February, signaling the recovery is finally gaining steam
The US economy added 379,000 jobs last month, far more than economists had expected, signaling the labor market recovery is finally gaining steam.…
Continue ReadingAmericans’ wages have gone up, but the news is not all good
The average paycheck for American workers has gotten bigger during the pandemic. Ordinarily that would be cause to jump for joy. But the reason for…
Continue ReadingAmerica’s unemployment problem is much worse than it seems
The national unemployment rate is masking how much some groups are still struggling in the pandemic economy. That’s why the Federal Reserve…
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