Business

For decades, China’s economy has grown much faster than America’s. That trend is likely to be broken in 2021 as the US recovery from the pandemic gains momentum. Economists are swiftly upgrading their US growth forecasts as Covid vaccinations accelerate and after Washington enacted a $1.9 trillion stimulus package that is far larger than many

American consumers are growing more confident as the light at the end of the pandemic tunnel becomes brighter. The rollout of Covid-19 vaccines, President Joe Biden’s call on states to make shots available to all adults by May 1, and the new $1.9 trillion stimulus package signed into law Thursday, create a powerful cocktail of

When the pandemic hit, something astonishing happened in the cereal aisle: It cleared out. Beloved brands like Grape-Nuts were suddenly out of stock. Companies once desperate to boost sales swiftly curbed their promotions on products, fearing that they couldn’t meet demand. The early days of the pandemic led to shortages in packaged goods as people

Looking at the stock market, you’d never know that a year ago this week was the Coronavirus Crash. In a matter of days, the S&P 500 dropped 12% and into a bear market. One-day point drops in the Dow and S&P 500 set records, trading curbs were triggered and the history books recorded yet another

Ulta Beauty CEO Mary Dillon, one of only a few dozen female chief executives of Fortune 500 companies, is stepping down after an eight-year run heading the company. Dillon will become executive chair of the company’s board of directors in June, the company said Thursday. She will be replaced as CEO by Dave Kimbell, the

Britain’s exports to Europe collapsed in January as companies grappled with new terms of trade following Brexit. The United Kingdom exported goods worth £8.1 billion ($11.3 billion) to the European Union in its first month completely outside the bloc, a 41% decline compared to December, according to the Office for National Statistics. The drop off

Wall Street threw a party as President Joe Biden signed his sweeping $1.9 trillion stimulus package into law, giving investors confidence in their projections for a surge of economic activity once the threat of the pandemic recedes. What’s happening: The legislation is expected to boost demand for goods and services, especially as the country’s vaccination

In an extraordinary rebuke, the Pentagon and several senior members of the US military called out Fox News host Tucker Carlson on Thursday for a sexist segment in which he mocked women serving in the armed forces. Carlson, who is effectively the face of Fox and hosts the top show on the right-wing channel, ridiculed

Coupang, South Korea’s biggest e-commerce company, has pulled off the largest US initial public offering so far this year. Shares of the SoftBank-backed firm ended their first day of trading on the New York Stock Exchange at $49.25 on Thursday, a 41% jump over the $35 IPO price. The offering raised nearly $4.6 billion. The

If you’re using your sister’s boyfriend’s dad’s Netflix account — listen up. The streaming giant is testing a new feature that could help it crack down on password sharing. Netflix is rolling out alerts asking users to verify they are authorized to watch on the account to be able to keep watching. “This test is

The Weeknd is officially boycotting the Grammys, the singer told The New York Times. The pop star said he will no longer submit songs for the music industry’s most prestigious annual awards show after it declined to nominate him for a single accolade for his hit single “Blinding Lights,” which has spent 52 weeks in

Democratic Senator Sherrod Brown is strongly in favor of rolling back the Trump tax cuts for corporations — despite warnings from the business community that it could disrupt the economic recovery. “It was a giveaway to corporate interests and the richest people in the country,” Brown, the chairman of the Senate Banking Committee, told CNN

Wall Street was on a tear again Thursday, with tech stocks surging and both the Dow and the S&P 500 notching fresh record highs. The Dow finished up 0.6%, or 189 points, while the S&P closed 1% higher. The tech-heavy Nasdaq Composite scored the biggest gains of the day, rising 2.5%. Spring has sprung and

With the economy crashing and markets in chaos last spring, the Federal Reserve handed out get out of jail free cards to America’s big banks. Now that the recovery is gaining steam, the Fed has to decide if it’s time to enforce the rules once again. Suspense is building on Wall Street over whether the

An unlikely TV character’s name is at the center of Oprah’s sit-down interview with Meghan, Duchess of Sussex, and Prince Harry: ‘Peter Brady.’ Christopher Knight, the actor who portrayed the middle brother in “The Brady Bunch” television series, announced in a Facebook post on Wednesday that the wicker and acacia Burchett Outdoor Club Chairs sold

President Joe Biden signed the $1.9 trillion stimulus package Congress passed this week into law Thursday. That’s welcome news for Americans in need of aid because of the pandemic. But it’s also a big plus for investors. Stocks have resumed their rally this week — following a brief pullback after bond yields spiked and inflation