Dow slides more than 550 points as bond yields climb
It was another rough day for stocks. The market has entered a new phase of volatility as government bond yields are on the rise, signaling…
Continue ReadingBusiness
Sephora is opening more stores as it moves beyond the mall
Makeup sales have been walloped by the pandemic. But that’s not stopping Sephora from adding more stores as it pushes ahead to attract shoppers…
Continue ReadingMr. and Mrs. Potato Head are going gender neutral
Hasbro is dropping the honorific “mister” from “Mr. Potato Head,” renaming the shapeshifting plastic spud to the…
Continue ReadingCryptocurrency exchange Coinbase files to go public
Digital currency exchange Coinbase has officially filed to go public, riding a wave of bitcoin enthusiasm that has sent the cryptocurrency markets…
Continue ReadingThis change could help keep the GameStop fiasco from happening again
Part of what made last month’s GameStop trading frenzy such a mess: Right as the stock was hitting its peak, Robinhood and other brokerages…
Continue ReadingBrexit leaves London fighting for its future as Europe poaches business
London has been the unrivaled king of European finance for more than three decades. Brexit is starting to change that. Billions of dollars worth of…
Continue ReadingTwo big reasons investors are worried about the housing market
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 ReadingBest Buy just laid off 5,000 workers and will close more stores
Best Buy said Thursday that it laid off 5,000 workers this month and is planning to close more stores this year as more consumers buy electronics…
Continue ReadingCostco raises its minimum wage above its competitors
Costco will raise its starting rate for hourly store workers in the United States to $16 an hour, putting its starting wage above rivals such as…
Continue ReadingApple mini stores are coming to some Targets
Call it a Mac mini: Target is opening scaled-down versions of Apple stores at some of its US outlets this year, furthering the two companies’…
Continue ReadingVictoria’s Secret is closing up to 50 more stores this year
Victoria’s Secret is continuing to shrink its store count. Its parent company L Brands announced that it plans to permanently close between 30…
Continue ReadingPepsiCo knows everyone is drinking cocktails at home. So it’s launching a booze mixer
PepsiCo isn’t joining the hard seltzer trend just yet. But it wants to be part of your at-home cocktail experience with a new line of mixers.…
Continue ReadingGeely ditches Volvo merger but still needs its partner to go global
Geely has scrapped plans to merge its business with Volvo and will now focus its global ambitions on a joint venture with the Swedish carmaker on…
Continue ReadingGameStop is up another 67% after doubling yesterday
GameStop shares rallied 67% ahead of the opening bell Thursday, following another blockbuster day for the stock. On Wednesday, the gaming…
Continue ReadingBig banks will need much less office space in the future
Three of Britain’s biggest banks have announced plans to dump expensive office space, a bet that remote work is here to stay even after the…
Continue ReadingAustralia passes new law requiring Facebook and Google to pay for news
Australia has passed a new law that will force tech companies to pay publishers for news content, setting the stage for potential, similar action in…
Continue Reading
New retail businesses come to Bend’s Eastside
The west side of Bend doesn’t have a monopoly on growth. A new retail business center, East End, is already fully leased near the town’s medical…
Continue ReadingNew Postal Service delivery vehicle unveiled. It’s a pretty radical change
Few things have changed less during the course of this century than this nation’s fleet of postal delivery vehicles. The squat, box-like van…
Continue ReadingFry’s Electronics suddenly went out of business
Fry’s Electronics suddenly closed all of its stores overnight, ending a nearly four-decade run in business. The company, which had 31 stores…
Continue ReadingTJ Maxx hopes customers will ‘revenge shop’ to make up for a lost year
TJ Maxx has taken a hit from the pandemic with fewer people visiting stores and picking up clothing. But the discount giant is betting that customers…
Continue Reading