Climate change could ignite a financial crisis, IMF official says
Climate change poses serious risks to the stability of the financial system, a senior International Monetary Fund official told CNN Business. Tobias…
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Here’s why this summer’s jobs reports might seem underwhelming
The jobs recovery has slowed since last year’s buoyant rebound. And now a summer lull may be upon us before the return to in-person schooling…
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Why AMC is luring rabid investors with free popcorn
Meme stock mania is back in full force — and this time around, companies are trying to use the hype to their advantage. What’s happening: AMC…
Continue ReadingDisney, Netflix and tech titans team up to fight the climate crisis
Some of the world’s largest companies are joining forces to accelerate efforts to fight the climate crisis. Amazon, Disney, Google, Microsoft,…
Continue ReadingAmazon, Microsoft and Starbucks 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 ReadingNike backs Naomi Osaka after she withdraws from French Open
Nike and other major sponsors have come out in support of tennis star Naomi Osaka following her decision to withdraw from the French Open. The sports…
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Global inflation hasn’t been this high since 2008
Price are rising quickly across huge swaths of the developed world, with inflation in countries that belong to the Organization for Economic…
Continue ReadingDogecoin surges after Coinbase says some users can trade it
Dogecoin is going to the moon again. The canine-themed digital currency soared more than 25% Wednesday to about 40 cents. Investors cheered the news…
Continue ReadingA third climate activist is expected to be elected to Exxon’s board
ExxonMobil said it expects a third activist shareholder will be elected to its board of directors, following a contentious vote. Votes are still…
Continue ReadingWhat the JBS cyberattack means for meat supply
Some shoppers may want to brace themselves for yet another possible supply crunch — this time with meat. Major beef and pork producer JBS USA…
Continue ReadingMartha’s Vineyard ferry disrupted by ransomware attack
A ransomware attack has disrupted ferry services in Cape Cod, Martha’s Vineyard and Nantucket. The region’s Steamship Authority announced…
Continue ReadingNewsrooms begin to welcome vaccinated staffers back to offices with ‘soft’ reopenings
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Tuesday was the first…
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Ally Bank eliminates overdraft fees
Ally Bank announced Wednesday that it is eliminating overdraft fees — a key source of revenue for banks but a burdensome charge for customers.…
Continue ReadingChamber of Commerce: Worker shortage can’t be solved without ramping up immigration
As businesses grapple with record-high job openings, the US Chamber of Commerce is loudly calling on Washington to allow more foreign workers to…
Continue ReadingDollar stores are starting to offer fresh food after years of criticism
Dollar store chains are starting to offer fresh groceries at some stores after years of criticism that they don’t provide enough healthy food…
Continue ReadingAMC shares jump more than 90% to an all-time high
The hits keep coming. Shares of AMC — the largest movie theater chain in the world — surged more than 90% early Wednesday to a new peak above $60…
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Oregon Legislature makes ‘cocktails to-go’ permanent
Oregon lawmakers have passed a bill allowing the sale of cocktails to-go to continue after the COVID-19 pandemic.…
Continue ReadingTyson CEO steps down after less than a year
Tyson CEO Dean Banks is leaving the company after less than a year on the job. “Stepping down and concentrating on my family is the right…
Continue ReadingTrump shuts down his blog after less than a month
The blog page that former President Donald Trump launched less than one month ago, after his team suggested he’d be launching a major new…
Continue ReadingA major meat producer was hacked. Here’s what you need to know
By now, you’ve probably heard of a cyberattack involving JBS — one of the country’s largest meat producers. But what is JBS? And what…
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