Investors are betting on a Macy’s revival. Should they be?
Retailers have been battered by the pandemic, which triggered a plunge in foot traffic and caused demand for products like work clothing to all but…
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LA Times reporter explains how he led the way on the Tiger Woods story
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Richard Winton, the…
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Facebook will restore news in Australia after talks with the government
Facebook will restore news pages in Australia after the government agreed on changes to a planned media code that the company said would allow it to…
Continue Reading Electric vehicle startup raises $4 billion in SPAC offering to compete against Tesla
Luxury electric vehicle startup Lucid Motors went public after a merger with “blank-check” firm Churchill Capital Corp IV, in the largest…
Continue Reading A spike in prices could change everything for Wall Street
Wall Street is increasingly concerned that a wave of spending when the economy reopens could cause prices to spike, spoiling the financial market…
Continue Reading Instacart is moving beyond the grocery store
Instacart started as a grocery delivery service. But it’s increasingly moving into delivering office supplies, sporting goods, televisions,…
Continue Reading Celebs including A-Rod and Ciara are getting into SPACs. What could go wrong?
SPAC mania has entered the celebrity phase. Colin Kaepernick, Shaquille O’Neal, Larry Kudlow and pop star Ciara are all lending their star…
Continue Reading 4 reasons Tesla’s stock is tumbling
Tesla, the hottest stock in the market for more than a year, has sunk into bear market territory. Shares of Tesla fell 6% Tuesday after closing down…
Continue Reading After the GameStop fiasco, momentum builds for an $800 billion tax
Uncle Sam is in search for a pot of gold that could ease the pain of trillion-dollar deficits. And some believe Wall Street might just have the…
Continue Reading JPMorgan and Google launch program to help minority-owned banks
JPMorgan Chase and Google launched a program Tuesday to help banks owned and led by people of color increase their lending capabilities. The new…
Continue Reading New York theaters are going to open. Now will anyone show up?
Governor Andrew Cuomo announced Monday that movie theaters would reopen in New York City next month, welcome news for an industry that has been…
Continue Reading Goodyear is going big in China with $2.8 billion takeover of Cooper
Goodyear has agreed to buy rival Cooper for $2.8 billion. The deal will give America’s largest tire producer a much bigger footprint around the…
Continue Reading Hillary Clinton is co-writing a political thriller
Hillary Clinton is working on a book with Canadian mystery novelist Louise Penny, set in the aftermath of US political chaos. The book, titled…
Continue Reading HSBC is pushing even harder into China and India
HSBC is pushing even harder into Asia as the bank seeks to shore up its business in the wake of the coronavirus pandemic. It’s also bringing…
Continue Reading ‘Try to honor the loss:’ Why CNN aired a national memorial service for 500,000 lives lost from Covid-19
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. More than 500,000…
Continue Reading Regulators examine Texas energy market after natural gas prices soared 10,000%
Federal regulators are looking closely at the Texas energy market after natural gas prices rocketed during last week’s deep freeze. And…
Continue Reading Oprah-backed Oatly just made a move to go public
Oatly, the popular oat milk maker backed by Oprah, is making plans to go public. The Swedish company said it filed confidential IPO forms with the…
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‘I was behind it.’ The man responsible for the 1973 oil shock has died
Ahmed Zaki Yamani, the long-serving Saudi oil minister who masterminded an OPEC embargo that plunged western economies into recession in 1973, has…
Continue Reading Some TV shows are telling stories about the pandemic. Some viewers wish they wouldn’t
Victoria Richardson turns away from her favorite show, “Chicago Med,” every time a plotline revolves around the coronavirus pandemic. The…
Continue Reading Macy’s made money for the first time in the pandemic
The pandemic has slammed Macy’s and other department stores. But signs of a recovery are beginning to emerge. Macy’s said Tuesday that it…
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