Surging prices: Key inflation metric just hit a 29-year high
Inflation seems unstoppable as the economy returns to normal. People are spending big again, with battered industries like travel and hospitality…
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Microsoft says SolarWinds hackers have struck again at the US and other countries
The hackers behind one of the worst data breaches ever to hit the US government have launched a new global cyberattack on more than 150 government…
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Bitcoin is tumbling at the end of its worst month in nearly 10 years
Bitcoin investors have sold in May. It remains to be seen if they’re going away for good. Bitcoin prices fell 8% Friday and have plunged about…
Continue Reading Why AMC shares are skyrocketing again
As the Reddit crowd piles in, AMC shares are soaring — and no, that’s not a headline from late January. What’s happening: Shares of AMC…
Continue Reading Nike says it cut ties with Neymar over his refusal to cooperate in sexual assault investigation
Nike said it cut ties with Neymar last year because the Brazilian soccer superstar refused to cooperate with an inconclusive investigation into…
Continue Reading States have been offering big prizes for those who are vaccinated. Companies are now doing the same
What do lotteries, fishing licenses and college scholarships have in common? They’re all part of dozens of innovative freebies being given away…
Continue Reading Costco is bringing back free samples
Costco is bringing back a pre-pandemic staple: Food samples. The warehouse chain announced that it’s “beginning a phased return to full…
Continue Reading Silicon Valley is in a high-stakes standoff with India
The biggest names in tech are locked in an increasingly tense stand-off with India over strict new social media rules they fear will erode privacy,…
Continue Reading ‘Cruella’ and ‘A Quiet Place Part II’ pose the first real test of the summer box office
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. “This weekend…
Continue Reading This $5 billion insurance company likes to talk up its AI. Now it’s in a mess over it
A key part of insurance company Lemonade’s pitch to investors and customers is its ability to disrupt the normally staid insurance industry…
Continue Reading Tech trade groups file lawsuit against Florida’s new social media law
Florida’s new law prohibiting social media platforms from suspending politicians is just days old. But it’s already being challenged in…
Continue Reading AMC soars nearly 40% thanks to more Reddit love
Get your popcorn ready! It looks like the AMC stock surge sequel may be the feel good hit of the summer. Shares of AMC soared about 36% Thursday as…
Continue Reading Jobless claims drop to new pandemic-era low as states get ready to slash benefits
Jobless claims are at a Covid-era low, and people are increasingly looking for work as various states prepare to cut back their enhanced pandemic…
Continue Reading Jamie Dimon: Some Americans ‘don’t feel like going back to work’
JPMorgan Chase CEO Jamie Dimon suggested Thursday that companies are having trouble hiring in part because some Americans don’t feel like…
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Gas prices are at a 7-year high, just in time for Memorial Day
A nasty surprise awaits the 34 million drivers expected to hit US roads this Memorial Day weekend — the highest gas prices in seven years. And that…
Continue Reading Gyms are reopening but virtual fitness classes aren’t going anywhere
After a year of exercising by streaming spin and rowing classes in their living rooms and lifting weights in their basements, fitness enthusiasts are…
Continue Reading Rush Limbaugh’s time slot to be filled by new show from Clay Travis and Buck Sexton
The company that syndicated Rush Limbaugh’s program, Premiere Networks, announced Thursday that Clay Travis and Buck Sexton will launch a new…
Continue Reading Best Buy CEO: These 4 challenges are why it’s hard to hire workers right now
The economy is recovering but plenty of pandemic-era problems remain: Working parents are struggling to find adequate child care, and people in jobs…
Continue Reading CVS is handing out prizes for Covid-19 vaccinations
CVS Health is tempting people who are hesitant to get the Covid-19 vaccine with lavish prizes — some of which were forbidden just a year ago. The…
Continue Reading Scrubs maker FIGS soars in healthy market debut
Doctors and nurses aren’t likely to be strutting down runways in Milan or New York in their scrubs. But if they did appear in fashion shows,…
Continue Reading Jason Kilar plans to stay as WarnerMedia CEO until 2022
Jason Kilar, whose future as CEO of WarnerMedia had been in some doubt recently, said Thursday he will remain in the job until at least 2022. Kilar…
Continue Reading Taking a look at the media’s role in the Covid-19 lab leak theory
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. How exactly did the…
Continue Reading Facebook will no longer remove claims that Covid-19 was man-made
Facebook said it’s no longer removing from its platforms claims that coronavirus was man-made. That announcement comes shortly after President…
Continue Reading Citizen says it’s not starting its own private security force — but it won’t rule out hiring someone else to do it
Citizen, an app that started as a service for real-time crime alerts made waves late last week with news that it was testing a private, on-demand…
Continue Reading Uber drivers win their first ever unionization deal
Uber has recognized a labor union for the first time in a move that could boost efforts by gig economy workers to win better employment rights. GMB,…
Continue Reading Larry Summers sends stark inflation warning to Joe Biden
Larry Summers is urging Washington to tap the brakes on stimulus — or risk unleashing a serious burst of inflation. “I think policy is rather…
Continue Reading Biden’s trade chief holds ‘candid’ talks with China as tensions grow
President Joe Biden’s top trade negotiator spoke for the first time with her Chinese counterpart by phone on Wednesday. It’s a sign that…
Continue Reading HSBC is selling most of its US retail banking business
HSBC is winding down much of its US business to turn its attention to richer clients. The British bank announced Wednesday that it was closing most…
Continue Reading Juan Williams, lone liberal on Fox’s ‘The Five,’ exits show
“The Five,” one of the most popular shows on Fox News, is losing its liberal co-host — and Fox fans seem thrilled. Juan Williams, the…
Continue Reading Eric Carle, author and artist behind ‘The Very Hungry Caterpillar,’ dies at 91
Eric Carle, the author and artist of “The Very Hungry Caterpillar” and dozens of other popular children’s book, has died at 91. On…
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