Advocacy group accuses Smithfield Foods of falsely warning of meat shortages
Smithfield Foods, one of the country’s top meat processors, has been sued by a consumer advocacy group, which alleges that Smithfield misled…
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St. Croix refinery that rained oil on neighborhoods is shutting down indefinitely
The Limetree Bay oil refinery in St. Croix said it would close indefinitely, citing “severe financial constraints” a month after the…
Continue Reading Dow notches best day since March as Wall Street rebounds
US stocks soared Monday, making up lost ground after a multi-day losing streak last week. The Dow closed 1.8%, or nearly 590 points, higher. The…
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Stocks surge, Dow closes up 586 points
NEW YORK, NY — U.S. stocks rallied Monday and clawed back most of their sharp loss from last week. The Dow surged to close up 586.57 points or…
Continue Reading NYC mayor says Amazon Prime Day is ‘perfect day not to shop Amazon’
New York City Mayor Bill De Blasio addressed business economic recovery efforts for small businesses around the city by first acknowledging that…
Continue Reading Dow surges more than 500 points as Wall Street rebounds
US stocks are rallying Monday, making up lost ground after a multi-day losing streak. The Dow surged more than 550 points, or 1.7%, in the early…
Continue Reading American investors are trying to buy a UK supermarket. Here’s why
Britain’s fourth biggest supermarket chain Morrisons has become the takeover target of an American private equity firm in the latest sign of a…
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Steven Spielberg’s production company signs a deal with Netflix
Steven Spielberg is partnering with Netflix. Getting Hollywood’s premiere director represents a major coup for the streaming service. Amblin…
Continue Reading Lordstown executives sold millions of dollars in stock before problems became public
Lordstown Motors, the embattled electric truck startup, is facing more scrutiny after several of its top executives sold off millions in dollars of…
Continue Reading What on earth is a SPAC?
What do Jay-Z, A-Rod, Ciara, Serena Williams, Shaq, hedge fund billionaire Bill Ackman, former house speaker Paul Ryan, and Richard Branson all have…
Continue Reading Bill Ackman’s SPAC buys 10% of the music giant behind Kanye West
Vivendi has agreed to sell 10% of Universal Music to a so-called blank check company backed by hedge fund billionaire Bill Ackman for about $4…
Continue Reading Here are the companies rushing workers back to the office — and the ones that aren’t
It’s been 15 long months since millions of workers left their offices and set up makeshift desks at home. But as Covid-19 cases decline and…
Continue Reading First Solar CEO: Getting rid of Trump tariffs would pose challenges
China’s solar industry monopoly took a hit earlier this month when a new Ohio-based solar panel factory was announced. First Solar, the only…
Continue Reading First Solar CEO: We’re not dependent on the Chinese supply chain
First Solar is building a factory in Ohio, creating the biggest plant for making solar panels outside of China. CEO Mark Widmar talks to CNN’s Julia…
Continue Reading Traffic deaths jump for Black Americans who couldn’t afford to stay home during Covid
Traffic deaths soared in 2020 despite Americans driving less due to the pandemic, and Black Americans bore a disproportionate share of the increase…
Continue Reading The improving economy is great news for banks
The stock market has been volatile, but it’s been a very solid year on -— and for — Wall Street. Stocks rebounded Monday after a big tumble…
Continue Reading Dow plummets more than 500 points as volatility returns to stock market
Are the Wild West days of intense market volatility back on Wall Street? Stocks slid Friday after St. Louis Federal Reserve President James Bullard…
Continue Reading What it’s really like to be an Amazon warehouse worker during Prime Day
For much of the past 16 months, Amazon’s warehouse workers have faced grueling pressure to keep up with the demand from households for online…
Continue Reading This is what it’s like to work in an Amazon warehouse
Tyler Hamilton has worked at the Amazon warehouse in Shakopee, Minnesota for four years. He shares the good and the bad about the fast-paced…
Continue Reading Why this Prime Day may fall flat for Amazon’s stock
After months of failing to break out, Amazon’s stock is close to a record high. Thank Prime Day, the annual sales bonanza that kicks off…
Continue Reading There’s a chicken wing shortage. So this chain wants you to start loving thighs
Chicken wing prices are going through the roof. So Wingstop, a chain known for, well, wings, is now selling chicken thighs. But getting Americans on…
Continue Reading Global stocks slide after Wall Street frets about the Fed
Global stocks and cryptocurrencies are pulling back on Monday as investors continue to weigh signals from the Federal Reserve that it could raise…
Continue Reading China’s most famous liquor fetches nearly $1.4 million at auction
A rare case of China’s fiery national liquor has sold for more than $1 million, more than five times what experts had estimated it would fetch.…
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American Airlines canceling hundreds of flights through mid-July due to labor shortages
DALLAS, Texas — American Airlines is canceling hundreds of flights through at least mid-July as the company strives to maintain service in the…
Continue Reading ‘Assault on Democracy’ explores the roots of January 6 and why it matters today
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. “Assault on…
Continue Reading Hong Kong journalist says newsroom raid ‘sent shudders through the industry’
Five hundred police officers raided the Apple Daily newsroom in Hong Kong last week to arrest executives and top editors and seize journalistic…
Continue Reading Companies are celebrating Juneteenth in unique ways this week
Major corporations are celebrating Juneteenth in unique ways this week. The annual June 19 tradition, which falls on Saturday this year, commemorates…
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El Paso plane seized, searched at Santa Teresa airport in Homeland Security probe
SANTA TERESA, New Mexico — A small private plane apparently controlled by two El Pasoans was seized at the Santa Teresa airport as part of a U.S.…
Continue Reading Key indicators show that the US economy is recovering, but it will never be the same
America hit a milestone Friday: 300 million Covid-19 shots have been administered in the country. And as the number of vaccinations continues to…
Continue Reading Amazon Prime Day is actually a bummer for these sellers
Amazon Prime Day is typically one of the best days of the year for Keababies, which sells baby care and maternity products on its web site. Last…
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