Business

Just when we thought Crocs could not get any weirder, a new version of the foam clog features a psychedelic design complete with light-up mushrooms. The “Diplo X Crocs” are the latest celebrity collaboration from the footwear brand, this time with Grammy-winning DJ and producer Diplo. Crocs said the limited-edition release, which go on sale

When coronavirus began to spread across the United States, retailers took action. Social distancing stickers were slapped on floors, mask mandates were implemented and, perhaps more crushingly, free samples disappeared. But as vaccination rates rise, some are feeling more comfortable about resuming their prior routines — and major retailers are returning aspects of the pre-pandemic

Investors breathed a huge sigh of relief following the May jobs report Friday. Stocks rallied as the numbers told a classic Goldilocksian, not too hot or too cold, story about the state of the economy. The Dow gained 180 points, or 0.5%, and is now only about 1% off its all-time high. The S&P 500

People are paying higher prices for everything from diapers to gas. One discount chain says that’s great for its business. Five Below, the toy, game, room decoration and tech accessory store that sells most of its stuff for — as its name suggests — under $5, expects budget-conscious consumers will increasingly turn to discount stores

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 to figure out what’s next for GameStop and Bed Bath & Beyond. Nagle wrote in two reports late Thursday that he’s suspending coverage of GameStop and that he now

“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 movie theater business that included the return of a blockbuster box office opening and major theater chain AMC having a wild ride on the stock market. The Warner Bros.

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 pandemic, bars faced strict restrictions. Along with restaurants, they were ordered to close their doors for months. When they started to reopen, curfews were set in place, and distancing rules

The number of African Americans serving on boards of directors for the nation’s largest corporations has remained dismally low this year despite the ongoing movement to increase C-suite diversity throughout the business world. Some of America’s most prominent companies are addressing the problem by backing the Black Boardroom Initiative, a new program unveiled Wednesday with

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 meme about a couple breaking up along with the bitcoin hashtag and a broken heart emoji. The post included lyrics from a song by rock band Linkin Park titled

From Wall Street to Washington, everyone is waiting for the latest US jobs report. What’s happening: The US Labor Department releases data for May on Friday. Economists polled by Refinitiv predict another 650,000 jobs were added to the economy. That would be up sharply from the 266,000 jobs added in April, a shock disappointment that

President Joe Biden has expanded a Trump-era ban on American investment in dozens of Chinese firms that Washington believes are linked to China’s military. Biden signed an executive order Thursday that prohibits Americans from owning or trading any securities tied to 59 companies, citing the threat of Chinese surveillance technology. The original order, signed by

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 through with its plan, these would be the first commercial supersonic flights since the grounding of the Concorde jet in 2003. The economics of that fuel-guzzling supersonic jet and restrictions