Business

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

Teen Vogue’s newly appointed editor in chief isn’t slated to start until March 24, but she has already issued two apologies this week and has drawn the ire of her soon-to-be staff, advertisers and celebrities. Alexi McCammond, who was a political reporter at Axios before being appointed to lead the Condé Nast-owned progressive magazine last

The European Central Bank plans to pick up the pace of its bond buying in the coming months to bolster the region’s lackluster recovery from the coronavirus pandemic and counter a spike in borrowing costs. The central bank said in a statement on Thursday that over the next three months it expects asset purchases under

CVS has added 12 new states to its Covid-19 vaccine rollout as more supply becomes available. In the last week, CVS has started administering the vaccine to eligible populations in Colorado, Illinois, Kentucky, Minnesota, Missouri, Montana, North Carolina, North Dakota, Nevada, Oklahoma, Utah and Vermont. The company is now administering Covid-19 vaccines in nearly 1,200

Everyone has a podcast — even Ikea. The Swedish retailer has transformed its annual bible-sized catalog into an audio version as a “handy and hands-free” alternative to the traditional behemoth. Ikea’s 2021 catalog, which is its final edition ever, is now a nearly four-hour podcast with a narrator flicking through each page and describing what’s

Wednesday marked a grim anniversary for Boeing and hundreds of families worldwide — two years since the fatal crash of a 737 Max flown by Ethiopian Airlines that killed all 157 people on board. While the human toll outweighs the financial accounting of the crisis, the dollar cost is likely to make Boeing’s 737 Max

Cheese connoisseurs, it’s time to celebrate: Taco Bell is bringing back the Quesalupa after a five-year hiatus. The Quesalupa quickly became a fan favorite when it debuted in 2016, combining the cheesy traits of a quesadilla with a crispy chalupa shell to create a double layer filled with seasoned beef, lettuce, cheddar cheese, diced tomatoes

Investors weren’t making the trademark “oof” Roblox death sound Wednesday. Shares of the popular video game platform debuted on Wall Street and surged nearly 55% to $69.50, valuing the company at more than $45 billion. Roblox describes itself as a “metaverse” where players can make their own avatars and environments to play in, such as

Meghan, Duchess of Sussex, made a formal complaint to British broadcaster ITV relating to Piers Morgan’s comments about her mental health, CNN has learned. ITV announced on Tuesday that Morgan would leave the program he hosted, “Good Morning Britain,” after he cast doubt on whether Meghan had suicidal thoughts, a major revelation from her blockbuster

Investors weren’t making the trademark “oof” Roblox death sound Wednesday. Shares of the popular video game platform debuted on Wall Street and promptly surged more than 40% to $64.50, valuing the company at about $42 billion. Roblox describes itself as a “metaverse” where players can make their own avatars and environments to play in, such

Elon Musk lost tens of billions of dollars last week. He made nearly all of that back in a single day, Tuesday, following a 20% rally in Tesla’s stock. Musk added $25 billion to his net worth yesterday, bringing his total fortune to $174 billion according to Bloomberg Billionaires Index. It’s a stark reversal from