$3 gasoline could be around the corner — unless OPEC and Russia start pumping more oil
OPEC and Russia’s unprecedented production cuts last spring lifted oil prices out of a death spiral. Nearly a year later, the group is under…
Continue ReadingBusiness
How long should movies be in theaters before streaming? Hollywood is trying to find out
With the movie business upended during the pandemic and tilting more towards streaming than cineplexes, Hollywood is rethinking its business model.…
Continue ReadingAsian banks are failing on climate by channeling billions into coal, report says
Many of the world’s leading financial institutions have pledged in recent years to slash their support for the coal and oil industries. But a…
Continue ReadingWarren Buffett admits to a rare ‘mistake’
The Oracle of Omaha said he made a mistake. In his annual letter to shareholders of Berkshire Hathaway, investing guru Warren Buffett disclosed that…
Continue ReadingPeppa Pig is getting her own Orlando-area theme park, complete with muddy puddles
Peppa Pig is looking to hog some of the Florida sunshine enjoyed by Mickey Mouse and Harry Potter. The animated British piglet popular with…
Continue ReadingManufacturing CEO: Before Biden, it felt like we were fighting the pandemic alone
A former Republican operative who now leads one of the nation’s most powerful business groups is praising President Joe Biden’s efforts…
Continue ReadingThe Oracle of Hollywood? Berkshire Hathaway’s 2021 annual meeting to be held in LA
Warren Buffett is going to Hollywood. The annual Berkshire Hathaway shareholder meeting on May 1, normally held in Buffett’s home town of…
Continue ReadingMcDonald’s, Taco Bell and Burger King heat up chicken sandwich wars
January was huge for the fried chicken sandwich wars, but February was somehow even bigger. This month, Wendy’s, Taco Bell, Burger King and…
Continue ReadingNikola: Former executive chairman misled investors numerous times
Electric truck company Nikola is throwing its founder and former executive chairman Trevor Milton under the proverbial hydrogen-powered bus. In a…
Continue ReadingOil is up nearly 70% since the election, a record in the modern era
The oil market is starting the Biden era with a bang. And that means Covid-weary Americans returning to the roads this spring and summer will be…
Continue ReadingFox News is still trying—and failing—to find a solution to its 7 p.m. problem
To understand the state of cable news at the beginning of the Biden era, check out the 7 p.m. Eastern hour on weekdays. This month last year Fox News…
Continue ReadingIPhone builder Foxconn is working on an electric car with Fisker
Foxconn, the Taiwan-based electronics manufacturing company best known for assembling the Apple iPhone, is working on an agreement with the…
Continue ReadingThings were just getting better for restaurants in Texas. Then the winter storms hit
For Mason Ayer, the frigid winter storm that tore through Texas felt like yet another punch in the gut. Power and water outages made it impossible to…
Continue ReadingBeyond Meat strikes partnerships with McDonald’s and Yum Brands
Beyond Meat has inked two new major new deals, with McDonald’s and Yum Brands, that will bring new plant-based items to fast food menus. The…
Continue ReadingBirkenstock sold to group backed by Europe’s richest man
German footwear brand Birkenstock is selling a majority stake to L Catterton, a private equity firm backed by Bernard Arnault’s LVMH. The…
Continue ReadingNetflix says it needs more Latinx programming after an internal diversity audit
Netflix has made progress adding diverse content created by and starring women, Black and Asian people on its platform in recent years, but the…
Continue ReadingMr. Potato Head tries to be more gender neutral
Hasbro is dropping the honorific “mister” from the “Mr. Potato Head” brand, renaming the shapeshifting plastic spud to the…
Continue ReadingHere’s why new ‘WandaVision’ episodes debut in the middle of the night
Every Friday, groggy Marvel fans either wake up early or stay up late to follow along with the weekly adventures of streaming’s favorite…
Continue ReadingIndia exits recession but rapid growth is still a long way off
India’s economy is out of recession but still a long way from returning to rates of growth seen before the pandemic. Asia’s third biggest…
Continue ReadingAlibaba is back in Beijing’s good books for helping to fix poverty
Jack Ma‘s tech empire may still be facing tough new regulations in China, but Alibaba seems to have won at least a little bit of favor this…
Continue Reading