Business

Citing the coronavirus pandemic, the Sinclair Broadcast Group said on Wednesday that it will reduce its workforce by approximately 5%, amounting to hundreds of layoffs across the company. “The impact of the COVID-19 pandemic continues to be felt across all sectors of the economy, something that can have a profound impact on a company as

Dollar Tree said Wednesday that it will open 600 new stores this year, continuing dollar store chains’ torrid growth across the United States. The announcement comes as the pandemic has taken a toll on many retailers and forced thousands of stores to close. But dollar stores have surged as economically-strapped customers seek out bargains on

Fossil fuel workers will not be left behind in the Biden administration’s push to embrace clean energy. That’s the promise from new Energy Secretary Jennifer Granholm, addressing workers worried their livelihoods will be disrupted. “This is our opportunity to build the energy economy back better, in a way that lifts up communities that have felt

Consumers typically have flocked to malls because they’re a one-stop shop for everything from socks to sofa sets. Now, one of the biggest mall jewelers in the United States is giving some folks the chance to cross another item off their shopping lists. Signet Jewelers, owner of Zales, Kay Jewelers and Jared, is betting on

Consumers typically have flocked to malls because they’re a one-stop shop for everything from socks to sofa sets. Now, one of the biggest mall jewelers in the United States is giving some folks the chance to cross another item off their shopping lists. Signet Jewelers, owner of Zales, Kay Jewelers and Jared, is betting on

Looking for a hot stock to buy? Investors — especially younger millennial and Gen Z traders— are increasingly getting tips from sources like Twitter, Reddit and TikTok. Just look at the GameStop phenomenon. Picking up on the trend, a Wall Street investment firm is launching a new ETF Thursday to focus on stocks generating buzz

The future of Greensill Capital, a UK financial startup backed by SoftBank, has been thrown into doubt after German regulators shuttered a bank it operates, the latest twist in an unfolding corporate collapse that could put 50,000 jobs at risk. Germany’s Federal Financial Supervisory Authority, or BaFin, said in a statement on Wednesday that it

Britain will hike taxes on its biggest companies in 2023 as it begins to repair government finances in the wake of the pandemic, the worst economic slump in more than three centuries and the messy Brexit divorce from its largest trading partner. Speaking in parliament on Wednesday, UK finance minister Rishi Sunak pledged another £65

The winter storm that left much of the nation covered in snow and ice last month also caused gun sales to cool down a bit after heating up in January following the Capitol Hill insurrection. Gun retailers across the country still managed to sell more firearms last month than in any February since 2016, according

Alamo Drafthouse, the movie theater chain beloved by fans for its boozy milkshakes, theme nights and strict no-talking rules, has filed for bankruptcy protection. The Austin-based company, which owns about 40 theaters in the United States, filed for Chapter 11 and agreed to sell “substantially all its assets” to a group of lenders. Alamo put

Those betting on an economic boom in the United States this spring and summer just got a dose of very good news. What’s happening: President Joe Biden has announced that the United States will have enough vaccine supply for every adult by the end of May after Merck agreed to help manufacture a recently authorized

Las Vegas Sands Corp., the upscale resort and casino company founded by the late Sheldon Adelson, is leaving its namesake city and selling its two Nevada properties in a $6.25 billion deal. Apollo Global Management and Vici Properties are partnering to buy the Venetian, a 7,000 room resort on the Las Vegas Strip, and the

Wall Street threw a fit last week when Treasury rates spiked. The stock market tanked and investors feared the economy was overheating. Former New York Fed President Bill Dudley is warning that the temper tantrums are only just beginning. “They want the economy to overheat,” Dudley told CNN Business, referring to the Fed. “And my

When Bill Liang realized that popular video download and streaming service Renren Yingshi might be gone for good his heart sank. The website, also known as YYeTs.com, was how the 24-year-old film school student was able to watch hundreds of episodes of pirated American TV shows when he was growing up in northern China. But