Stocks rise again even as jobs report shows slow recovery
The first jobs report of the Joe Biden presidency was less than OK — but Wall Street cheered anyway. Stocks rose Friday, extending all-time…
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A Black woman will be the world’s top trade official for the first time
The path has been cleared for Nigeria’s Ngozi Okonjo-Iweala to become the first woman and the first African to lead the World Trade…
Continue ReadingLuckin Coffee files for bankruptcy in the US
Luckin Coffee, once hailed as China’s homegrown rival to Starbucks, has filed for bankruptcy in the United States less than a year after the…
Continue ReadingEmployees working from home are putting in longer hours than before the pandemic
Enjoying more free time while working from home? Maybe not. New research conducted during the pandemic shows that home-working employees in the…
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He spent years advocating for construction workers. Now he could shake up the gig economy
Marty Walsh may not seem like the person to overhaul the gig economy. He spent years advocating for construction workers and less time on the…
Continue Reading‘Stop f—ing selling!!!’ WallStreetBets Redditors go ballistic over GameStop’s sinking share price
Reddit favorite GameStop isn’t looking so hot this week and some of the stock’s biggest backers are freaking out. After selling off…
Continue ReadingPeloton is spending $100 million to reduce delivery delays
Peloton’s rapid ascent to becoming a must-have home fitness accessory has caused major delivery delays that are angering new customers. The…
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GM, Ford and other carmakers can’t get enough chips. It’s a huge problem
A semiconductor shortage is battering the global auto industry at a crucial moment, and the pressure shows no sign of easing soon. What’s…
Continue ReadingHere’s what it’ll be like to call a Super Bowl during a pandemic
Jim Nantz has called many Super Bowls (six, to be exact), but none can compare to this Sunday’s big game. For starters, Super Bowl LV will mark…
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US economy adds 49,000 jobs in January — a grim sign for the jobs recovery
America’s jobs recovery has lost steam: Even though 49,000 jobs were added in January, the nation is still down nearly 10 million jobs since…
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Kuaishou stock soars 160% in world’s biggest IPO since 2019
Kuaishou’s stock skyrocketed in value Friday as the TikTok-like video app scored the world’s biggest IPO since the coronavirus pandemic…
Continue ReadingStocks pop despite jobs report showing slow recovery
The first jobs report of the Joe Biden presidency was less than okay — but Wall Street cheered anyway. Stocks rose Friday morning, extending…
Continue ReadingRobinhood is airing a Super Bowl ad amid its GameStop fiasco
Robinhood, the stock trading app that helped fuel GameStop mania and ended up in a PR crisis, is running a Super Bowl ad. The 30-second spot, which…
Continue ReadingRobinhood is airing a Super Bowl amid its GameStop fiasco
Robinhood, the stock trading app that helped fuel GameStop mania and ended up in a PR crisis, is running a Super Bowl ad. The 30-second spot, which…
Continue ReadingA week later, Robinhood removes trading restrictions on GameStop and AMC
Robinhood lifted trading limits on GameStop, AMC and other Reddit favorites Friday, easing restrictions that engulfed the free trading app in…
Continue ReadingThe unemployment rate hasn’t budged in months as America’s jobs crisis drags on
The jobs recovery has hit a roadblock: The US jobless rate hasn’t improved since the fall and economists don’t have high hopes that this…
Continue Reading‘There is real teeth to this’: Legal experts weigh in on Smartmatic’s $2.7 billion lawsuit against Fox News
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. “This is the…
Continue ReadingJapan’s Kirin ditches Myanmar beer partner because of its ties to the military
Japanese companies bet on Myanmar years ago as the Southeast Asian country emerged from decades of military rule. But this week’s coup has…
Continue ReadingUK pulls license of Chinese state-owned broadcaster CGTN
UK regulators have pulled the broadcasting license for China Global Television Network, or CGTN. Media regulator Ofcom said Thursday that it had…
Continue ReadingVale will pay nearly $7 billion over Brazilian dam collapse that killed 270 people
Vale has agreed to pay nearly $7 billion in compensation after a dam collapsed at one of its mines in Brazil two years ago, killing 270 people and…
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