H&M and Nike are facing a boycott in China over Xinjiang cotton statements
H&M, Nike and other big Western apparel brands are facing a boycott in China because of the stand they’ve taken against the alleged use of…
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Global shipping was in chaos even before the Suez blockage. Shortages and higher prices loom
One of the world’s most vital trade arteries has been blocked by a quarter-mile-long container ship, creating a traffic jam that has ensnared…
Continue Reading‘It’s crazy. There is no inventory.’ Housing industry veteran marvels at real estate boom
Jeffrey Mezger is a 40-year veteran of the real estate industry. He’s never seen a stronger housing market than this one. “It’s…
Continue ReadingFake CPA hit with criminal charges for Covid-19 loan fraud
An Arizona businessman who secured more than $1 million in Covid-19 relief funding and then purchased a Porsche and a new home is now facing federal…
Continue ReadingDisneyland plans expansion following year of closure
Disneyland — the iconic resort whose gates have been closed for more than a year because of the coronavirus pandemic — isn’t just reopening…
Continue ReadingThe Fed will lift restrictions on dividends and buybacks for most banks after June 30
The Federal Reserve will end its restrictions on bank dividends and buybacks for most institutions on June 30 as long as they pass the current round…
Continue ReadingSackler family members agree to pay $4.2 billion as part of plan to dissolve OxyContin maker Purdue
Purdue Pharma has filed a restructuring plan to dissolve itself and establish a new company dedicated to programs designed to combat the opioid…
Continue ReadingOlive Garden is raising its wages. That’s not the full story
The company that owns Olive Garden is raising wages in a bid to attract workers. But the move doesn’t go far enough to satisfy critics of a…
Continue ReadingGameStop, AMC and other meme stocks are meming again
Meme stocks were back in business Thursday, as investors bought up shares of GameStop, boosting other Reddit-favorite stocks along with it. GameStop…
Continue ReadingThese companies are paying their employees to receive the Covid-19 vaccine
As vaccine eligibility expands across the United States, more companies are offering incentives to get a jab. Many US companies are debating whether…
Continue ReadingAmerica’s most powerful oil lobby is changing its tune on a carbon tax
The oil industry’s most powerful lobbying group announced Thursday that for the first time it will support setting a price on carbon, a…
Continue ReadingHere’s why Cathie Wood and Kevin O’Leary are still bullish on growth stocks
Tech stocks have taken a hit lately as investors continue to seek comfort in banks, big oil and other value sectors. But some fans of trendy momentum…
Continue ReadingWall Street is out of sync with Main Street — yet history says this bull market could last a while
Happy Birthday, stock market bull. One year ago this week, the stock market bottomed out. But since then investors have ridden a giant wave of…
Continue ReadingKiller Mike’s Greenwood banking platform raises nearly $40 million in Series A funding
Some of the biggest names in finance are betting big on the success of Greenwood, the digital banking platform introduced last year by co-founders…
Continue ReadingGM adds Meg Whitman to its majority-women board
Former Hewlett-Packard CEO Meg Whitman is joining the board of General Motors, adding another woman to one of the more diverse boards in corporate…
Continue ReadingA huge ship is blocking a vital trade artery. It could get costly
Tug boats are working to free a large container ship stuck in Egypt’s Suez Canal, halting traffic through one of the busiest and most important…
Continue ReadingPepsi’s newest flavor has Peeps in it
Good news, Peeps fans! Not only will Peeps be back on store shelves in time for Easter, but they’ll come in a new form too. Pepsi and Peeps are…
Continue ReadingHere’s what members of the media are saying ahead of Biden’s first presidential press conference
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. For President Biden,…
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New Sisters industrial park planned on former Forest Service site
A new industrial park is being proposed in…
Continue Reading‘Insecure’ creator Issa Rae just signed a deal to produce new shows and films for WarnerMedia
The hit HBO show “Insecure” is set to premiere its fifth and final season later this year, but the series’ end is just the…
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