Bumble just gave its entire staff the week off to recharge
By Michelle Toh, CNN Business Bumble is giving its entire team a break. The dating app has shut down its offices around the world this week “as…
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Federal Covid jobless benefits end for Texans this week
EL PASO, Texas — Gov. Greg Abbott has opted Texans out of all additional federal unemployment aid as of the end of this week. In May,…
Continue Reading Bitcoin plunges below $30,000 as China ramps up the pressure on cryptos
By Laura He, CNN Business Bitcoin tanked again on Tuesday and fell below $30,000 for the first time since late January as China escalated its…
Continue Reading New York City’s slow-motion primary election will force the press to show some patience
By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
Continue Reading Advocacy group accuses Smithfield Foods of falsely warning of meat shortages
By Danielle Wiener-Bronner, CNN Business Smithfield Foods, one of the country’s top meat processors, has been sued by a consumer advocacy…
Continue Reading St. Croix refinery that rained oil on neighborhoods is shutting down indefinitely
By Alexis Benveniste and Fredreka Schouten, CNN The Limetree Bay oil refinery in St. Croix said it would close indefinitely, citing “severe…
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Spectrum expansion to create 929 new jobs in east El Paso
EL PASO, Texas — A big telecommunications company plans to more than double its El Paso workforce with two projects in east El Paso, formally…
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Borderland virtual job fair seeks to match people in ‘ability friendly’ work environment
EL PASO, Texas — Hiring people, not labels – that’s the theme of a virtual job fair this Wednesday. Workforce Solutions Borderplex is hosting the…
Continue Reading 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…
Continue Reading 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 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 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 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…
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