G7 backs Biden’s sweeping overhaul of global tax system
Group of Seven finance ministers gathering in London agreed Saturday to back a global minimum tax of at least 15% on multinational companies. The G7…
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5 signs that shopping is getting back to normal
When coronavirus began to spread across the United States, retailers took action. Social distancing stickers were slapped on floors, mask mandates…
Continue Reading Hit by a ransomware attack? Here’s who to call
The list of high-profile ransomware attacks grows longer and more alarming by the week, impacting everything from gas pipelines and meat supplies to…
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G7 finance ministers reach deal on global tax reform aimed at getting tech giants to pay fair share
LONDON (AP) — The Group of Seven wealthy democracies have agreed to support a global minimum corporate tax of at least 15% to deter multinational…
Continue Reading Crashing crypto prices spooked some new investors. Others are doubling down
Grant McGurn is really glad he jumped on a FaceTime call with his dad. The 27-year-old office manager in Madison, Wisconsin, had put all of his…
Continue Reading Ransomware attackers used compromised password to access Colonial Pipeline network
HOUSTON, Texas — Ransomware attackers gained access to Colonial Pipeline’s computer networks in April using a compromised password,…
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Walmart to close all stores for Thanksgiving Day
BENTONVILLE, Arkansas — You won’t be able to go shopping at Walmart on Thanksgiving. Walmart announced it will close all U.S. stores on Thanksgiving…
Continue Reading NASA is getting serious about UFOs
NASA’s new chief is setting up an effort to further study unidentified flying objects within his first month in office. Bill Nelson, the former…
Continue Reading Global food prices surge to their highest level in a decade
Global food prices rose for the 12th month in a row in May, up nearly 40% year over year, according to the United Nations’ food price index.…
Continue Reading NASA is taking a fresh look at UFOs
NASA’s new chief is setting up an effort to further study unidentified flying objects within his first month in office. Bill Nelson, the former…
Continue Reading NASA chief says Russia leaving ISS could kick off a space race
The United States has for decades enjoyed a mutually beneficial relationship with Russia that has often served as a powerful symbol of cooperation…
Continue Reading Stocks pop as solid jobs report soothes investor fears
Investors breathed a huge sigh of relief following the May jobs report Friday. Stocks rallied as the numbers told a classic Goldilocksian, not too…
Continue Reading Facebook says Trump now suspended until at least January 2023
Facebook announced Friday that former President Donald Trump would be suspended from its platform until at least January 7th, 2023 — two years…
Continue Reading Why this discount chain thinks rising prices are a good thing
People are paying higher prices for everything from diapers to gas. One discount chain says that’s great for its business. Five Below, the toy,…
Continue Reading Meme madness: Bank of America stops covering GameStop
One Wall Street analyst has had it with the whole meme stock phenomenon. Curtis Nagle, who covers retailers for Bank of America, is giving up trying…
Continue Reading After AMC’s wild week on Wall Street, theaters hope to scare up a hit box office with ‘The Conjuring’
“The Conjuring: The Devil Made Me Do It,” the seventh film in the horror franchise, hits theaters on Friday. It ends a crazy week for the…
Continue Reading Facebook says Trump to remain banned for at least 2 years
OAKLAND, California — Facebook says it will suspend former President Donald Trump’s accounts for two years following its finding that he…
Continue Reading Americans are buying lipstick and condoms. Here’s how bars are prepping for a big summer
Americans are gearing up for a celebratory summer by buying more lipstick, dressy clothing and condoms. And bars are ready to greet them. During the…
Continue Reading US labor market recovery picks up steam, adding 559,000 jobs in May
America’s job market recovery picked up some steam in May, with 559,000 positions added back to the economy. It was a second sizable miss of…
Continue Reading Amazon, Microsoft and Zillow are backing an initiative to increase Black representation on corporate boards
The number of African Americans serving on boards of directors for the nation’s largest corporations has remained dismally low this year…
Continue Reading Biden touts economic progress after US adds 559,000 jobs in May
President Joe Biden on Friday touted the economic progress the US has made in its recovery from the coronavirus pandemic after the government…
Continue Reading Bitcoin tumbles after Elon Musk tweets breakup meme
The price of bitcoin sank on Friday after Elon Musk appeared to lament the end of his relationship with the cryptocurrency. The Tesla CEO tweeted a…
Continue Reading Facebook to change what politicians can get away with on its platform
Facebook on Friday plans to announce new rules for world leaders who use its platform that could limit what politicians can get away with posting, a…
Continue Reading Facebook to change rules for politicians
Facebook on Friday plans to announce new rules for world leaders who use its platform, a source familiar with the plan tells CNN Business, in a move…
Continue Reading Europe opens twin antitrust investigations into Facebook
Facebook is confronting two separate antitrust investigations by European regulators that will probe whether the social network’s use of data…
Continue Reading Fed chair Powell warns of ‘profound challenges’ posed by climate change
Federal Reserve Chairman Jerome Powell acknowledged serious risks the climate crisis poses to the world economy and called for a coordinated response…
Continue Reading Why everyone is hyping up the US jobs report
From Wall Street to Washington, everyone is waiting for the latest US jobs report. What’s happening: The US Labor Department releases data for…
Continue Reading Hackers have a devastating new target
A major gas pipeline. Dozens of government agencies. A Florida city’s water supply. And now, one of the world’s top meat producers. The…
Continue Reading Biden expands Trump’s list of Chinese companies banned from US investment
President Joe Biden has expanded a Trump-era ban on American investment in dozens of Chinese firms that Washington believes are linked to…
Continue Reading United plans supersonic flights by 2029
United Airlines announced a deal to buy 15 supersonic jets, planning to carry passengers on the ultra-fast planes by 2029. If the airline can follow…
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