Target reports a record year for sales
The pandemic drove Target to a record year of sales growth, as shoppers stocked up at its stores and bought online. Target’s 2020 sales…
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John Kerry has a warning for Big Oil
John Kerry had some tough talk for the leaders of Big Oil. The message: embrace clean energy or get left behind. “You don’t want to be…
Continue Reading Vaccine delays and skimpy stimulus are holding back Europe’s recovery
The United Kingdom is banking on a rapid vaccine rollout to bring its economy back to life this summer, while the United States is pinning its…
Continue Reading Hertz has buyers and a plan to emerge from bankruptcy
Two investment firms have agreed to pay a combined $4.2 billion to buy Hertz and take it out of bankruptcy by the early to mid-summer, another sign…
Continue Reading Can stocks shrug off bubble talk? Wall Street thinks so
Financial markets have been rocked by volatility in recent days as investors try to game out how to play the next phase of the pandemic. What’s…
Continue Reading China is sounding the alarm about a global market bubble
One of China’s most powerful financial officials is sounding the alarm over a bubble in global markets. Guo Shuqing, the Communist Party boss…
Continue Reading China’s Nio wants to expand overseas, but there are roadblocks ahead
China’s Nio is continuing its turnaround and even eyeing a push abroad. But the wannabe “Tesla killer” isn’t on completely…
Continue Reading David Muir’s new role at ABC News leads to drama with George Stephanopoulos and a visit from Bob Iger
Earlier this year tensions between ABC News anchors George Stephanopoulos and David Muir boiled over to the point that Stephanopoulos threatened to…
Continue Reading Amazon employee sues the company, alleging racial discrimination and unequal pay
An Amazon employee filed a lawsuit Monday accusing the tech giant of deliberately paying her and other Black employees less than their White…
Continue Reading A Trader Joe’s worker says he was fired after writing to the CEO about Covid-19 safety protections
A Trader Joe’s worker says he was fired after writing directly to the chain’s CEO calling for stronger Covid-19 safety protocols in his…
Continue Reading The maker of a $2,995 home gym is opening up shops in Nordstrom stores
Nordstrom and at-home fitness startup Tonal, which sells a $2,995 smart home gym, have teamed up to launch a handful of Tonal mini shops inside…
Continue Reading S&P 500 notches best day since June
The Dow rallied a little more than 600 points Monday, as US Treasury yields pulled back and took a breather from their recent ascent. All three major…
Continue Reading US stocks surge as bond markets take a breather
The Dow rallied nearly 700 points in early afternoon trading Monday, as US Treasury yields pulled back and took a breather from their recent ascent.…
Continue Reading The maker of a $2,995 home gym is opening up shops in Nordstom stores
Nordstrom and at-home fitness startup Tonal, which sells a $2,995 smart home gym, have teamed up to launch a handful of Tonal mini shops inside…
Continue Reading United, predicting a rebound in travel, buys 25 Boeing 737 Max jets
United Airlines disclosed Monday one of its largest orders for the Boeing 737 Max jet since the aircraft was grounded in March 2019, agreeing to buy…
Continue Reading Here’s why 2021 could be a big year for labor unions
Rarely has the chasm between rank-and-file-workers and the extremely wealthy been this wide. While millions of people have lost jobs, gone hungry and…
Continue Reading Wall Street’s new bogeyman: the bond market
Covid-19 no longer seems to be the biggest concern on Wall Street as more people are getting vaccinated. Now, the focus is squarely on the bond…
Continue Reading McDonald’s CEO responds after report alleges sexual harassment among workers
Sexual harassment against McDonald’s restaurant employees “will not be tolerated,” McDonald’s CEO Chris Kempczinski said in a…
Continue Reading Exxon aims to quell shareholder revolt by adding activists to board
ExxonMobil is adding two prominent activist investors to its board of directors, in a bid to halt the first credible threat to overthrow its board in…
Continue Reading McDonald’s CEO promises investigation after report alleges sexual harassment among workers
Sexual harassment against McDonald’s restaurant employees “will not be tolerated,” McDonald’s CEO Chris Kempczinski said in a…
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