Australian law is hailed as ‘a big win for the news business’ with ramifications around the world
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Watching…
Continue ReadingCNN – Business/Consumer
Two big reasons investors are worried about the housing market
Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here.…
Continue Reading Best Buy just laid off 5,000 workers and will close more stores
Best Buy said Thursday that it laid off 5,000 workers this month and is planning to close more stores this year as more consumers buy electronics…
Continue Reading Costco raises its minimum wage above its competitors
Costco will raise its starting rate for hourly store workers in the United States to $16 an hour, putting its starting wage above rivals such as…
Continue Reading Apple mini stores are coming to some Targets
Call it a Mac mini: Target is opening scaled-down versions of Apple stores at some of its US outlets this year, furthering the two companies’…
Continue Reading A glimmer of hope: ‘Only’ 730,000 Americans filed for jobless claims last week
Another 730,000 American workers filed for first-time unemployment benefits, adjusted for seasonal swings, last week, the Labor Department reported…
Continue Reading Victoria’s Secret is closing up to 50 more stores this year
Victoria’s Secret is continuing to shrink its store count. Its parent company L Brands announced that it plans to permanently close between 30…
Continue Reading PepsiCo knows everyone is drinking cocktails at home. So it’s launching a booze mixer
PepsiCo isn’t joining the hard seltzer trend just yet. But it wants to be part of your at-home cocktail experience with a new line of mixers.…
Continue Reading That didn’t take long. Manic markets are back again
After a quick bout of nerves, Wall Street is ready to restart the party. What’s happening: In testimony before Congress this week, Federal…
Continue Reading Geely ditches Volvo merger but still needs its partner to go global
Geely has scrapped plans to merge its business with Volvo and will now focus its global ambitions on a joint venture with the Swedish carmaker on…
Continue Reading GameStop is up another 67% after doubling yesterday
GameStop shares rallied 67% ahead of the opening bell Thursday, following another blockbuster day for the stock. On Wednesday, the gaming…
Continue Reading Big banks will need much less office space in the future
Three of Britain’s biggest banks have announced plans to dump expensive office space, a bet that remote work is here to stay even after the…
Continue Reading Australia passes new law requiring Facebook and Google to pay for news
Australia has passed a new law that will force tech companies to pay publishers for news content, setting the stage for potential, similar action in…
Continue Reading New Postal Service delivery vehicle unveiled. It’s a pretty radical change
Few things have changed less during the course of this century than this nation’s fleet of postal delivery vehicles. The squat, box-like van…
Continue Reading Fry’s Electronics suddenly went out of business
Fry’s Electronics suddenly closed all of its stores overnight, ending a nearly four-decade run in business. The company, which had 31 stores…
Continue Reading TJ Maxx hopes customers will ‘revenge shop’ to make up for a lost year
TJ Maxx has taken a hit from the pandemic with fewer people visiting stores and picking up clothing. But the discount giant is betting that customers…
Continue Reading The Federal Reserve is investigating a disruption in its payment services
The Federal Reserve is suffering a disruption in multiple payment services due to an operational error, the central bank said in a statement…
Continue Reading Dunkin’ is now selling avocado toast
Dunkin’ is certainly appeasing avocado-craving millennials with its new menu item. Beginning Wednesday, the chain has added avocado toast to…
Continue Reading Housing market concerns begin to emerge
The housing market is still red hot. But there are growing concerns about how much longer this strength can last. Home Depot reported earnings and…
Continue Reading All-male boardrooms are a thing of the past at Britain’s top companies
Women now occupy at least one seat on the board of every major British company after a 50% increase in participation rates over five years, according…
Continue Reading