AT&T is selling a stake in DirecTV, ending an infamous saga
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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GameStop soars 85% after doubling yesterday
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…
Continue ReadingDow slides more than 550 points as bond yields climb
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…
Continue ReadingSephora is opening more stores as it moves beyond the mall
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…
Continue ReadingMr. and Mrs. Potato Head are going gender neutral
Hasbro is dropping the honorific “mister” from “Mr. Potato Head,” renaming the shapeshifting plastic spud to the…
Continue ReadingCryptocurrency exchange Coinbase files to go public
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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Dow slides more than 350 points as bond yields climb
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…
Continue ReadingThis change could help keep the GameStop fiasco from happening again
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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Dow slides more than 400 points as bond yields climb
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 raises its minimum wage above rivals like Amazon, Target and Best Buy
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…
Continue ReadingBrexit leaves London fighting for its future as Europe poaches business
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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Australian law is hailed as ‘a big win for the news business’ with ramifications around the world
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Watching…
Continue ReadingTwo big reasons investors are worried about the housing market
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.…
Continue ReadingBest Buy just laid off 5,000 workers and will close more stores
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…
Continue ReadingCostco raises its minimum wage above its competitors
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…
Continue ReadingApple mini stores are coming to some Targets
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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A glimmer of hope: ‘Only’ 730,000 Americans filed for jobless claims last week
Another 730,000 American workers filed for first-time unemployment benefits, adjusted for seasonal swings, last week, the Labor Department reported…
Continue ReadingVictoria’s Secret is closing up to 50 more stores this year
Victoria’s Secret is continuing to shrink its store count. Its parent company L Brands announced that it plans to permanently close between 30…
Continue ReadingPepsiCo knows everyone is drinking cocktails at home. So it’s launching a booze mixer
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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That didn’t take long. Manic markets are back again
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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