Why Wall Street fears a global tax deal
Looking to fund big spending projects at home, the United States has an ambitious pitch for countries around the world: It’s time to overhaul…
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Private equity group buying medical products company Medline for $30 billion
A group of private equity firms, including Blackstone Group, Carlyle Group and Hellman & Friedman, is buying medical supply maker and distributor…
Continue ReadingThese new Crocs are sprouting light-up mushrooms
Just when we thought Crocs could not get any weirder, a new version of the foam clog features a psychedelic design complete with light-up mushrooms.…
Continue ReadingG7 backs Biden’s sweeping overhaul of global tax system
Group of Seven finance ministers gathering in London agreed Saturday to back a global minimum tax of at least 15% on multinational companies. The G7…
Continue Reading5 signs that shopping is getting back to normal
When coronavirus began to spread across the United States, retailers took action. Social distancing stickers were slapped on floors, mask mandates…
Continue ReadingCrashing crypto prices spooked some new investors. Others are doubling down
Grant McGurn is really glad he jumped on a FaceTime call with his dad. The 27-year-old office manager in Madison, Wisconsin, had put all of his…
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Global food prices surge to their highest level in a decade
Global food prices rose for the 12th month in a row in May, up nearly 40% year over year, according to the United Nations’ food price index.…
Continue ReadingStocks pop as solid jobs report soothes investor fears
Investors breathed a huge sigh of relief following the May jobs report Friday. Stocks rallied as the numbers told a classic Goldilocksian, not too…
Continue ReadingWhy this discount chain thinks rising prices are a good thing
People are paying higher prices for everything from diapers to gas. One discount chain says that’s great for its business. Five Below, the toy,…
Continue ReadingMeme madness: Bank of America stops covering GameStop
One Wall Street analyst has had it with the whole meme stock phenomenon. Curtis Nagle, who covers retailers for Bank of America, is giving up trying…
Continue ReadingAfter AMC’s wild week on Wall Street, theaters hope to scare up a hit box office with ‘The Conjuring’
“The Conjuring: The Devil Made Me Do It,” the seventh film in the horror franchise, hits theaters on Friday. It ends a crazy week for the…
Continue ReadingAmericans are buying lipstick and condoms. Here’s how bars are prepping for a big summer
Americans are gearing up for a celebratory summer by buying more lipstick, dressy clothing and condoms. And bars are ready to greet them. During the…
Continue ReadingUS labor market recovery picks up steam, adding 559,000 jobs in May
America’s job market recovery picked up some steam in May, with 559,000 positions added back to the economy. It was a second sizable miss of…
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Amazon, Microsoft and Zillow are backing an initiative to increase Black representation on corporate boards
The number of African Americans serving on boards of directors for the nation’s largest corporations has remained dismally low this year…
Continue ReadingBitcoin tumbles after Elon Musk tweets breakup meme
The price of bitcoin sank on Friday after Elon Musk appeared to lament the end of his relationship with the cryptocurrency. The Tesla CEO tweeted a…
Continue ReadingFed chair Powell warns of ‘profound challenges’ posed by climate change
Federal Reserve Chairman Jerome Powell acknowledged serious risks the climate crisis poses to the world economy and called for a coordinated response…
Continue ReadingWhy everyone is hyping up the US jobs report
From Wall Street to Washington, everyone is waiting for the latest US jobs report. What’s happening: The US Labor Department releases data for…
Continue ReadingBiden expands Trump’s list of Chinese companies banned from US investment
President Joe Biden has expanded a Trump-era ban on American investment in dozens of Chinese firms that Washington believes are linked to…
Continue ReadingUnited plans supersonic flights by 2029
United Airlines announced a deal to buy 15 supersonic jets, planning to carry passengers on the ultra-fast planes by 2029. If the airline can follow…
Continue ReadingChina’s stronger currency means difficult choices for Beijing
China’s yuan is stronger than it has been since the start of the US-China trade war. That has left Beijing in a pickle. If the currency…
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