The Federal Reserve suffers widespread disruption to payment services
The Federal Reserve suffered a widespread disruption in multiple payment services Wednesday, including a system that banks and businesses rely on to…
Continue ReadingMoney
Geely ditches Volvo merger but still needs its partner to go global
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…
Continue ReadingGameStop is up another 67% after doubling yesterday
GameStop shares rallied 67% ahead of the opening bell Thursday, following another blockbuster day for the stock. On Wednesday, the gaming…
Continue ReadingBig banks will need much less office space in the future
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…
Continue ReadingAustralia passes new law requiring Facebook and Google to pay for news
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…
Continue Reading
The two Americas of the Covid economy
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,…
Continue ReadingNew Postal Service delivery vehicle unveiled. It’s a pretty radical change
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…
Continue ReadingFry’s Electronics suddenly went out of business
Fry’s Electronics suddenly closed all of its stores overnight, ending a nearly four-decade run in business. The company, which had 31 stores…
Continue ReadingTJ Maxx hopes customers will ‘revenge shop’ to make up for a lost year
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…
Continue ReadingTJMaxx hopes customers will ‘revenge shop’ to make up for a lost year
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…
Continue Reading
The Federal Reserve is investigating a disruption in its payment services
The Federal Reserve is suffering a disruption in multiple payment services due to an operational error, the central bank said in a statement…
Continue ReadingDunkin’ is now selling avocado toast
Dunkin’ is certainly appeasing avocado-craving millennials with its new menu item. Beginning Wednesday, the chain has added avocado toast to…
Continue ReadingHousing market concerns begin to emerge
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…
Continue ReadingAll-male boardrooms are a thing of the past at Britain’s top companies
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…
Continue ReadingInvestors are betting on a Macy’s revival. Should they be?
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…
Continue ReadingLA Times reporter explains how he led the way on the Tiger Woods story
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Richard Winton, the…
Continue Reading
Facebook will restore news in Australia after talks with the government
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…
Continue ReadingElectric vehicle startup raises $4 billion in SPAC offering to compete against Tesla
Luxury electric vehicle startup Lucid Motors went public after a merger with “blank-check” firm Churchill Capital Corp IV, in the largest…
Continue ReadingA spike in prices could change everything for Wall Street
Wall Street is increasingly concerned that a wave of spending when the economy reopens could cause prices to spike, spoiling the financial market…
Continue ReadingInstacart is moving beyond the grocery store
Instacart started as a grocery delivery service. But it’s increasingly moving into delivering office supplies, sporting goods, televisions,…
Continue Reading