Meme madness: Bank of America stops covering GameStop
One Wall Street analyst has had it with the whole meme stock phenomenon. Curtis Nagle, who covers retailers for Bank of America, is giving up trying…
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After AMC’s wild week on Wall Street, theaters hope to scare up a hit box office with ‘The Conjuring’
“The Conjuring: The Devil Made Me Do It,” the seventh film in the horror franchise, hits theaters on Friday. It ends a crazy week for the…
Continue ReadingAmericans are buying lipstick and condoms. Here’s how bars are prepping for a big summer
Americans are gearing up for a celebratory summer by buying more lipstick, dressy clothing and condoms. And bars are ready to greet them. During the…
Continue ReadingUS labor market recovery picks up steam, adding 559,000 jobs in May
America’s job market recovery picked up some steam in May, with 559,000 positions added back to the economy. It was a second sizable miss of…
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Amazon, Microsoft and Zillow are backing an initiative to increase Black representation on corporate boards
The number of African Americans serving on boards of directors for the nation’s largest corporations has remained dismally low this year…
Continue ReadingBitcoin tumbles after Elon Musk tweets breakup meme
The price of bitcoin sank on Friday after Elon Musk appeared to lament the end of his relationship with the cryptocurrency. The Tesla CEO tweeted a…
Continue ReadingFed chair Powell warns of ‘profound challenges’ posed by climate change
Federal Reserve Chairman Jerome Powell acknowledged serious risks the climate crisis poses to the world economy and called for a coordinated response…
Continue ReadingWhy everyone is hyping up the US jobs report
From Wall Street to Washington, everyone is waiting for the latest US jobs report. What’s happening: The US Labor Department releases data for…
Continue ReadingBiden expands Trump’s list of Chinese companies banned from US investment
President Joe Biden has expanded a Trump-era ban on American investment in dozens of Chinese firms that Washington believes are linked to…
Continue ReadingUnited plans supersonic flights by 2029
United Airlines announced a deal to buy 15 supersonic jets, planning to carry passengers on the ultra-fast planes by 2029. If the airline can follow…
Continue ReadingChina’s stronger currency means difficult choices for Beijing
China’s yuan is stronger than it has been since the start of the US-China trade war. That has left Beijing in a pickle. If the currency…
Continue ReadingBiden wants to set a global minimum tax. The G7 could provide a crucial boost
The Biden administration’s ambitious plan to overhaul the global tax system is about to face a crucial test. Treasury Secretary Janet Yellen…
Continue ReadingThe most important Tokyo Summer Olympics story is not related to sports
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Thursday was the…
Continue ReadingFord could get hit with $1.3 billion penalty for importing vans from Europe
For years, Ford would build its Transit Connect vans in Turkey, then ship them to the United States, where the windows and seats were immediately…
Continue ReadingAMC’s stock is up more than 2,000% this year. But the theater chain’s problems aren’t solved
AMC’s comeback, and then some — its stock price surged to a record high on Wednesday — has been fueled by Reddit’s army of retail…
Continue ReadingThe Fed will start winding down a program that saved the economy
The Federal Reserve announced Wednesday that it will begin winding down a program that purchased tens of billions of dollars of corporate assets to…
Continue ReadingWalmart gives 740,000 associates a free Samsung smartphone
Walmart is rolling out a new app for its employees and giving them a new Samsung phone to use it. The retailer is outfitting nearly half of its US…
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AMC’s stock is up 3,000% this year. But the theater chain’s problems aren’t solved
AMC’s comeback, and then some — its stock price surged to a record high on Wednesday — has been fueled by Reddit’s army of retail…
Continue ReadingAMC’s stock is up 2,000% this year. But the theater chain’s problems aren’t solved
AMC’s comeback, and then some — its stock price surged to a record high on Wednesday — has been fueled by Reddit’s army of retail…
Continue ReadingPeloton’s app is getting cheaper for millions of people
Peloton is introducing pricing tiers for its app — and students, health care workers and military members will receive major discounts. The app,…
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