The most important Tokyo Summer Olympics story is not related to sports
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Thursday was the…
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Ford could get hit with $1.3 billion penalty for importing vans from Europe
For years, Ford would build its Transit Connect vans in Turkey, then ship them to the United States, where the windows and seats were immediately…
Continue ReadingAMC’s stock is up more than 2,000% this year. But the theater chain’s problems aren’t solved
AMC’s comeback, and then some — its stock price surged to a record high on Wednesday — has been fueled by Reddit’s army of retail…
Continue ReadingThe Fed will start winding down a program that saved the economy
The Federal Reserve announced Wednesday that it will begin winding down a program that purchased tens of billions of dollars of corporate assets to…
Continue ReadingWalmart gives 740,000 associates a free Samsung smartphone
Walmart is rolling out a new app for its employees and giving them a new Samsung phone to use it. The retailer is outfitting nearly half of its US…
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AMC’s stock is up 3,000% this year. But the theater chain’s problems aren’t solved
AMC’s comeback, and then some — its stock price surged to a record high on Wednesday — has been fueled by Reddit’s army of retail…
Continue ReadingAMC’s stock is up 2,000% this year. But the theater chain’s problems aren’t solved
AMC’s comeback, and then some — its stock price surged to a record high on Wednesday — has been fueled by Reddit’s army of retail…
Continue ReadingPeloton’s app is getting cheaper for millions of people
Peloton is introducing pricing tiers for its app — and students, health care workers and military members will receive major discounts. The app,…
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Etsy is buying Gen Z-focused resale site Depop for $1.6 billion
Online marketplace Etsy announced Wednesday it is expanding into the booming clothing resale space by acquiring Gen Z-focused reseller Depop for…
Continue ReadingTwitter will help you undo a tweet — for a fee
Twitter is not caving — yet — to users’ demands for an “edit” button, but it is offering something close: an “undo…
Continue ReadingClimate change could ignite a financial crisis, IMF official says
Climate change poses serious risks to the stability of the financial system, a senior International Monetary Fund official told CNN Business. Tobias…
Continue ReadingHere’s why this summer’s jobs reports might seem underwhelming
The jobs recovery has slowed since last year’s buoyant rebound. And now a summer lull may be upon us before the return to in-person schooling…
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Why AMC is luring rabid investors with free popcorn
Meme stock mania is back in full force — and this time around, companies are trying to use the hype to their advantage. What’s happening: AMC…
Continue ReadingDisney, Netflix and tech titans team up to fight the climate crisis
Some of the world’s largest companies are joining forces to accelerate efforts to fight the climate crisis. Amazon, Disney, Google, Microsoft,…
Continue ReadingAmazon, Microsoft and Starbucks 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 ReadingNike backs Naomi Osaka after she withdraws from French Open
Nike and other major sponsors have come out in support of tennis star Naomi Osaka following her decision to withdraw from the French Open. The sports…
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Global inflation hasn’t been this high since 2008
Price are rising quickly across huge swaths of the developed world, with inflation in countries that belong to the Organization for Economic…
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JBS will be back up and running Wednesday after its hack. But for some employees, that’s too late
Even as meat producer JBS resumed operations at many of its US beef plants nationwide Wednesday after a cyberattack shut down all beef production at…
Continue ReadingDogecoin surges after Coinbase says some users can trade it
Dogecoin is going to the moon again. The canine-themed digital currency soared more than 25% Wednesday to about 40 cents. Investors cheered the news…
Continue ReadingA third climate activist is expected to be elected to Exxon’s board
ExxonMobil said it expects a third activist shareholder will be elected to its board of directors, following a contentious vote. Votes are still…
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