China slaps duties of up to 218% on Australian wine for 5 years
China is slapping massive duties on wine from Australia for the next five years, a move that threatens to deprive the country’s winemakers of…
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WeWork is finally going public through a SPAC
It took a lot longer than expected, but WeWork is finally set to go public through a merger with a special purpose acquisition company — and at a…
Continue Reading 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 Reading Fake 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 Reading Peeps Pepsi
Pepsi launches a limited edition flavor with peeps in…
Continue Reading Disneyland 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 Reading The 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 Reading Sackler 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 Reading GameStop, 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 Reading These 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 Reading America’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 Reading Here’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 Reading Wall 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 Reading Slack CEO apologies for his unforced error
Slack CEO Stewart Butterfield knows he screwed up. Wednesday morning, Slack rolled out a feature to let customers message Slack users at other…
Continue Reading Killer 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 Reading GM 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 Reading A 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 Reading Pepsi’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 Reading Here’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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