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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Luckin 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…
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…
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…
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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Ex-Nike official charged by feds with defrauding company of $1.5 million
U.S. Attorney Billy J. Williams announced Thursday that Errol Amorin Andam, 49, of Beaverton, a former marketing manager at Nike, Inc., has been…
Continue ReadingKuaishou stock pops 160% in Hong Kong IPO
Kuaishou’s stock more than doubled in value Friday as the TikTok-like video app scored the world’s biggest IPO since the coronavirus…
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OLCC suspends Canby restaurant’s liquor license over COVID-19 rule violations
Route 99 Roadhouse south of Portland in Canby has had its liquor license suspended for “not following public health social distancing and face…
Continue ReadingMcKinsey to pay nearly $600 million in settlements over its work with opioid companies
McKinsey & Company, one of the world’s largest consulting firms, will pay nearly $600 million in multiple settlements over its work…
Continue ReadingSuper Bowl LV will be a bonanza for gambling companies
The Kansas City Chiefs or Tampa Bay Buccaneers? We don’t know who will win Super Bowl LV. But the big sports betting and fantasy firms are…
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