A ransomware attack has disrupted ferry services in Cape Cod, Martha’s Vineyard and Nantucket. The region’s Steamship Authority announced Wednesday on Twitter that it has “been the target of a ransomware attack that is affecting operations” and said passengers might experience service delays. No ferries have been canceled, however, which is good news for travelers
Continue ReadingA version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Tuesday was the first day since March 2020 that fellow media reporter Oliver Darcy and I sat in the office and called sources and brainstormed stories and swapped info and gossiped and did all those
Continue ReadingAlly Bank announced Wednesday that it is eliminating overdraft fees — a key source of revenue for banks but a burdensome charge for customers. “Overdraft fees are a pain point for many consumers but are particularly onerous for some,” Ally Financial CEO Jeffrey Brown said in a press release. “It is time to end them,”
Continue ReadingAs businesses grapple with record-high job openings, the US Chamber of Commerce is loudly calling on Washington to allow more foreign workers to legally enter the country. Neil Bradley, chief policy officer at the Chamber of Commerce, told CNN Business that the worker shortage can’t be solved in the long run without ramping up immigration.
Continue ReadingDollar store chains are starting to offer fresh groceries at some stores after years of criticism that they don’t provide enough healthy food options for their customers. Family Dollar has started selling apples, oranges, onions, potatoes, and other fruit and vegetables, and frozen poultry, pork and beef at approximately 100 of its more than 7,000
Continue ReadingThe 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 before falling back slightly. Trading of the shares was halted twice due to volatility. The popular WallStreetBets Reddit board has boosted the stock lately as a
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Oregon lawmakers have passed a bill allowing the sale of cocktails to-go to continue after the COVID-19 pandemic.
Continue ReadingTyson 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 decision at this time,” Banks said in a statement. He is being replaced as CEO and president by Chief Operating Officer Donnie King effective immediately, the company said Wednesday,
Continue ReadingThe blog page that former President Donald Trump launched less than one month ago, after his team suggested he’d be launching a major new social platform, has been permanently shuttered. Jason Miller, a senior aide to Trump, told CNBC that the page “will not be returning.” Miller confirmed to CNN that the page had been
Continue ReadingBy now, you’ve probably heard of a cyberattack involving JBS — one of the country’s largest meat producers. But what is JBS? And what happened? And where, exactly, is the beef? Here’s what we know: What is JBS? JBS USA is part of JBS Foods, which is one of the world’s largest food companies. It
Continue ReadingAfter a big box office weekend for “A Quiet Place,” AMC stock was making a lot of noise on Tuesday. Shares of AMC Entertainment shot up roughly 20% in trading on Tuesday. It’s welcome news for the beleaguered theater chain, the biggest in the world, as it attempts to rebound from the coronavirus pandemic. The
Continue ReadingMining for bitcoin and other cryptocurrencies is typically done by companies that own massive server farms operating outside of the United States. But cybersecurity firm NortonLifeLock is hoping to bring mining to your desktop. NortonLIfeLock announced Wednesday morning that it is launching a new feature for a select group of early customers of its Norton
Continue ReadingElon Musk has turned his attention from Shiba Inu dogs to baby sharks — and investors are singing along. The Tesla CEO’s tweet late Tuesday about the viral YouTube song “Baby Shark” has boosted the stock of Samsung Publishing, a major shareholder in the tune’s producer, SmartStudy. “Baby Shark crushes all! More views than humans,”
Continue ReadingAmazon’s Prime Day sales event will be held June 21 and 22, the company said Wednesday. Amazon usually holds Prime Day in the summer, but last year it was postponed until October because of the pandemic. Amazon said that last year’s Prime Day was its best on record. Prime Day, which has taken place since
Continue ReadingAmerican shoppers may want to brace themselves for yet another possible supply crunch — this time with meat. JBS USA, the country’s top beef producer and its second largest producer of pork, suffered a cyberattack this weekend, prompting reported shutdowns at company plants in the United States and globally. On Tuesday evening, an official from
Continue ReadingWarnerMedia and Discovery have revealed the name that their soon-to-be-combined companies will take once they are fused together: Warner Bros. Discovery. Discovery CEO David Zaslav announced the name Tuesday to WarnerMedia employees in a conversation hosted by WarnerMedia CEO Jason Kilar. “We thought we need to represent, really, who are we? Who are we? What’s
Continue ReadingSam’s Club is the latest warehouse chain to bring back food samples, joining rival Costco in returning to a pre-pandemic shopping staple. Beginning this week the company is relaunching its sampling and demo program, called “Taste & Tips,” across its roughly 600 US locations. The perk was discontinued in March 2020 as the pandemic hit
Continue ReadingA new LGBTQ exchange-traded fund recently launched on Wall Street … just in time for the start of Pride Month. It’s a clear sign that investors recognize the purchasing power and economic clout of members of the LGBTQ community. The LGBTQ + ESG100 ETF from data firm LGBTQ Loyalty Holdings invests in 100 companies in
Continue ReadingAmerica’s recovery from the pandemic downturn has been rocky: Millions of workers — especially women — remain on the sidelines, while parts of the economy are booming and inflation is rising. Getting people back into the labor force and into a job is now key to keep the recovery going and stop the economy from
Continue ReadingThis special edition of the “Reliable Sources” newsletter is a look ahead to the next three months in pop culture, politics, business, tech, and more. The summer of 2021 is about vaccinations and unmaskings and in-person premieres and “post-pandemic life” -— albeit at different paces for different people. And plans keep evolving as Covid-19 evolves.
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