Oil prices surge as OPEC and its allies extend production cuts
A group of major oil producers has agreed to extend production cuts for another month despite a recent price surge, choosing to limit supply until…
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Here we go again: Turmoil rocks the repo market
The repo market, a murky yet crucial corner of Wall Street, is acting weird again. And the turmoil suggests the Federal Reserve may need to come to…
Continue ReadingThe latest Fast and Furious film has been delayed again. But there’s some good news
“Fast & Furious” fans will have to wait a bit longer to see the next installment in the blockbuster series. Universal is once again…
Continue ReadingOne group that won’t entirely benefit from going ‘back to normal’: Grocery stores
Last year, people were stockpiling food and essentials at stores and ordering a lot more groceries online. That was great news for America’s…
Continue ReadingAmazon’s first physical store outside the US doesn’t have a checkout line
There’s something unusual about Amazon‘s first physical store outside the United States: No waiting to pay. The e-commerce giant opened a…
Continue ReadingDr. Seuss books are taking over Amazon’s bestseller list
Oh, the places Dr. Seuss books will go after they ignite controversy. This week, Dr. Seuss Enterprises announced that six books penned by the…
Continue ReadingBetter late than never: ViacomCBS and Discovery stocks soar thanks to new streaming services
Arriving late to the streaming wars is apparently better than never getting involved in them at all. That’s what investors seem to think, at…
Continue ReadingDiscover is opening a corporate office on Chicago’s South Side. It wants other companies to follow
The South Side of Chicago isn’t typically a place where major companies look to open corporate offices. Most of the city’s Fortune 500…
Continue ReadingFighting climate change is now a job for the Bank of England
Central banks are usually tasked with keeping inflation in check, while promoting economic growth and employment. Now, add fighting the climate…
Continue ReadingParamount+ is banking on iconic TV characters from ‘Frasier’ to ‘SpongeBob’
Paramount is one of the most iconic studios in Hollywood, but can the name “Paramount” translate to streaming? ViacomCBS is banking on…
Continue ReadingDisney is closing 60 stores in the US and Canada
The Disney Store, once a mall mainstay, is drastically reducing the number of locations it has in the United States and Canada. Disney said…
Continue ReadingCorporate America’s earnings recession is over
The vast majority of companies in the S&P 500 have reported results from the last three months of 2020, and Wall Street is calling it: The…
Continue ReadingHong Kong used to be the poster child for economic freedom. Not anymore
Hong Kong has been booted off an index of economic freedom that it used to lead, dealing another blow to the city’s standing as a global…
Continue ReadingInflation fears continue to rattle global stocks
Global stocks are falling as a bond sell-off continues to rattle markets. Hong Kong’s Hang Seng Index led losses in Asia Pacific, tumbling…
Continue ReadingWhite House reporters clamor for press conference as Biden waits longer than predecessors
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. There are many ways…
Continue ReadingWomen in sports don’t get the media coverage that men do. These 4 Olympians are trying to change that
US Olympians Sue Bird, Alex Morgan, Simone Manuel and Chloe Kim have teamed up to launch a new company aimed at focusing attention on women in sports…
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St. Charles says union rejected offer to talk — if it would drop plans to strike
In “an effort to move forward negotiations on a first-time labor contract,” St. Charles Health System said it approached the union representing more…
Continue ReadingBuckle up, Wall Street, we’re just getting started
Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here.…
Continue ReadingDollar Tree announces new stores as demand for discount retailers skyrockets
Dollar Tree said Wednesday that it will open 600 new stores this year, continuing dollar store chains’ torrid growth across the United States.…
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It’s big Bend beer news: Deschutes Brewery acquires the Boneyard Beer brand
In Bend, beer is big business, which is why a new business partnership announced Wednesday between Deschutes Brewery and Boneyard Beer is big…
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