St. Croix refinery that rained oil on neighborhoods is shutting down indefinitely
The Limetree Bay oil refinery in St. Croix said it would close indefinitely, citing “severe financial constraints” a month after the…
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Dow notches best day since March as Wall Street rebounds
US stocks soared Monday, making up lost ground after a multi-day losing streak last week. The Dow closed 1.8%, or nearly 590 points, higher. The…
Continue ReadingNYC mayor says Amazon Prime Day is ‘perfect day not to shop Amazon’
New York City Mayor Bill De Blasio addressed business economic recovery efforts for small businesses around the city by first acknowledging that…
Continue ReadingDow surges more than 500 points as Wall Street rebounds
US stocks are rallying Monday, making up lost ground after a multi-day losing streak. The Dow surged more than 550 points, or 1.7%, in the early…
Continue ReadingAmerican investors are trying to buy a UK supermarket. Here’s why
Britain’s fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a…
Continue ReadingSteven Spielberg’s production company signs a deal with Netflix
Steven Spielberg is partnering with Netflix. Getting Hollywood’s premiere director represents a major coup for the streaming service. Amblin…
Continue ReadingLordstown executives sold millions of dollars in stock before problems became public
Lordstown Motors, the embattled electric truck startup, is facing more scrutiny after several of its top executives sold off millions in dollars of…
Continue ReadingBill Ackman’s SPAC buys 10% of the music giant behind Kanye West
Vivendi has agreed to sell 10% of Universal Music to a so-called blank check company backed by hedge fund billionaire Bill Ackman for about $4…
Continue ReadingTraffic deaths jump for Black Americans who couldn’t afford to stay home during Covid
Traffic deaths soared in 2020 despite Americans driving less due to the pandemic, and Black Americans bore a disproportionate share of the increase…
Continue ReadingThe improving economy is great news for banks
The stock market has been volatile, but it’s been a very solid year on -— and for — Wall Street. Stocks rebounded Monday after a big tumble…
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Dow surges more than 500 points
US stocks are rallying Monday, making up lost ground after a multi-day losing streak. The Dow surged more than 500 points, or 1.5%, in the late…
Continue ReadingDow plummets more than 500 points as volatility returns to stock market
Are the Wild West days of intense market volatility back on Wall Street? Stocks slid Friday after St. Louis Federal Reserve President James Bullard…
Continue ReadingWhy this Prime Day may fall flat for Amazon’s stock
After months of failing to break out, Amazon’s stock is close to a record high. Thank Prime Day, the annual sales bonanza that kicks off…
Continue ReadingThere’s a chicken wing shortage. So this chain wants you to start loving thighs
Chicken wing prices are going through the roof. So Wingstop, a chain known for, well, wings, is now selling chicken thighs. But getting Americans on…
Continue ReadingGlobal stocks slide after Wall Street frets about the Fed
Global stocks and cryptocurrencies are pulling back on Monday as investors continue to weigh signals from the Federal Reserve that it could raise…
Continue ReadingChina’s most famous liquor fetches nearly $1.4 million at auction
A rare case of China’s fiery national liquor has sold for more than $1 million, more than five times what experts had estimated it would fetch.…
Continue ReadingHong Kong journalist says newsroom raid ‘sent shudders through the industry’
Five hundred police officers raided the Apple Daily newsroom in Hong Kong last week to arrest executives and top editors and seize journalistic…
Continue ReadingCompanies are celebrating Juneteenth in unique ways this week
Major corporations are celebrating Juneteenth in unique ways this week. The annual June 19 tradition, which falls on Saturday this year, commemorates…
Continue ReadingKey indicators show that the US economy is recovering, but it will never be the same
America hit a milestone Friday: 300 million Covid-19 shots have been administered in the country. And as the number of vaccinations continues to…
Continue ReadingAmazon Prime Day is actually a bummer for these sellers
Amazon Prime Day is typically one of the best days of the year for Keababies, which sells baby care and maternity products on its web site. Last…
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