Business

What do stretched supply chains, rising prices and the ransomware attack on the Colonial Pipeline have in common? They all stem from risks that investors should have had on their radar. For months, it’s been clear that snarled supply chains could hold back the post-pandemic recovery and trigger worrisome inflation. Now, that fear is once

A terrifying and record-breaking wave of Covid-19 in India threatens to stall the country’s economic recovery and send shockwaves through several important global industries. Asia’s third largest economy has been struggling for weeks to control the devastating surge. Hundreds of thousands of new cases are reported every day, and economists are rethinking their forecasts for

Crocs is once again stepping up to help healthcare workers during the pandemic. The shoe manufacturer announced that this week, healthcare workers can sign up on the Crocs website to receive a free pair of the shoes. The news comes about one year after the company announced a program to donate 10,000 pairs a day

Dogecoin may have started as (and may still be) a joke. But serious cryptocurrency investors who’ve bet on ethereum are laughing all the way to the bank. Ethereum, or ether for short, hit a new record high of above $4,100 Monday morning. Ether is the world’s second most valuable cryptocurrency, trailing only bitcoin. It has

Neil Chatterjee, a top federal energy regulator, is calling on energy CEOs to step up their cyber defenses following a ransomware attack that knocked one of America’s most important pipelines offline. “This is a real wake up call,” Chatterjee, a commissioner on the Federal Energy Regulatory Commission, told CNN Business in an exclusive interview Monday.

Bill and Melinda Gates have been in the process of getting divorced for two years, according to The Wall Street Journal. On Sunday, the Journal reported that one factor in the demise of the Gateses’ 25-year marriage was revelations that Bill Gates had spent time with Jeffrey Epstein, a convicted sex trafficker of minors, according

Expedia, LendingTree, Ticketmaster and Tinder owner Match were all once part of IAC, the sprawling media and e-commerce conglomerate controlled by mogul Barry Diller. Now, online video platform Vimeo is preparing to be the next big spinoff. IAC shareholders are expected to formally approve the split this Friday, paving the way for Vimeo to trade

Federal safety regulators are investigating reports that more than 1 million Honda Accords have a steering problem that can a cause a car to veer out of its lane. The investigation by the National Highway Traffic Safety Administration, disclosed late last week, involves Accords from model year 2013 to 2015. There have been 107 incidents

Wendy’s is returning to the United Kingdom following a two-decade hiatus, judging now the right time to take advantage of Britons’ growing appetite for quick and convenient meals. The American burger chain said in a statement that it’s aiming to open 300 to 400 outlets nationwide. It expects to create between 9,000 and 20,000 jobs

A cyberattack forced the largest US fuel pipeline to shut down Friday, and analysts are worried the disruption could result in a spike in gas prices. The Colonial Pipeline system spans more than 5,500 miles and transports about 45% of all fuel consumed on the East Coast. It transports 2.5 million barrels per day of

On a typical week in pre-pandemic times, about 15 people would walk into one of Patrick Whalen’s casual elegant restaurants seeking a job in the kitchen. From Jan. 1 to April 15 of this year, a total of 15 people sought back-of-the-house positions at Tempest, Whalen’s highly acclaimed Charleston, South Carolina, seafood restaurant that landed

Add ice cream to the growing list of free food being offered to those that get vaccinated against Covid-19. Unilever is giving away free popsicles and Klondike shakes to health care workers and people getting vaccinated at several vaccination sites across the United States on Friday. The company which owns the brands, said the sweet

Investors bet right: Elon Musk mentioned dogecoin on “Saturday Night Live” during his opening monologue. Well, actually, his mom did. Maye Musk appeared at the end of her Tesla CEO son’s SNL monologue to ask what he got her for Mother’s Day. “I’m excited for my Mother’s Day gift,” Maye Musk said. “I just hope

As investors place bets on the economic recovery, there’s a new frenzy that’s taken over markets. Around the world, there’s a rush to buy metals. What’s happening: China’s benchmark iron ore futures rallied an eye-popping 10% to a record high on Monday. “The demand picture in China is very buoyant,” Warren Patterson, head of commodities