IPO vs SPAC vs direct listing: Explaining Wall Street’s hot trends
Not too long ago, most big startups looking to debut on Wall Street chose to sell new shares through an initial public offering. But IPOs are no…
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Tucker Carlson sneers at critics as he doubles down on ‘replacement theory’ remarks
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Typically, when…
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Teachers are choosing to quit rather than go back to school while pandemic lingers
Fifteen years ago, Annette Lang left a Wall Street career for a new start. She was finally ready to follow her passion — teaching. It brought…
Continue Reading Dow futures sink after US urges pause on Johnson & Johnson Covid-19 vaccine
Wall Street has been riding high as America’s vaccination program exceeded expectations, lifting prospects of a speedy economic recovery. But a…
Continue Reading IBM spinoff joins a long list of questionable corporate names
There’s a new member in the pantheon of the worst-named companies in history. Introducing “Kyndryl.” That is the actual name of the…
Continue Reading America’s prices surged in March
Wall Street has been a bundle of nerves about inflation since Democrats passed $1.9 trillion in economic stimulus. Tuesday, some of the first signs…
Continue Reading 5 things to know for April 13: Coronavirus, Minnesota, immigration, Brexit, Knoxville
It’s the start of Ramadan. This holy month is a time of fasting, prayer and community for Muslims across the world. But for a second year, the…
Continue Reading $1.3 trillion dealmaking frenzy isn’t slowing down
No one knows for sure what the post-coronavirus era holds. But businesses are doing their best to get ready, announcing a wave of mergers and…
Continue Reading Car-making nightmare could soon get a fix, thanks to Intel
Intel has a plan to help alleviate the global chip shortage that has hampered the automotive industry, among others. CEO Pat Gelsinger told Reuters…
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Federal grant available to help El Paso venues that had to close due to pandemic
EL PASO, Texas — Shuttered venues are getting such much needed financial relief. It’s called the Shuttered Venue Operators Grant Program (SVOG).…
Continue Reading Bitcoin soars to new record above $62,700
Bitcoin has rocketed to a new record above $62,700 as investors gear up for this week’s eagerly awaited direct listing of cryptocurrency…
Continue Reading Ant Group cut down to size in latest blow for Jack Ma’s business empire
Jack Ma’s business empire just suffered a one-two punch as China continues to tighten the screws on its tech champions. Chinese regulators have…
Continue Reading Trade is giving China’s economic recovery a boost
China’s economic recovery is continuing to gather steam. Imports surged more than 38% last month in US dollar terms compared to a year earlier,…
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Home prices, sales at record pace across the nation – and in the Borderland
EL PASO, Texas — With record-breaking demand and homes in short supply, it’s triggering bidding wars around the country and here in the Borderland.…
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ICE using El Paso hotel to house migrant families
EL PASO, Texas — U.S. Immigration and Customs Enforcement is providing emergency temporary shelter for migrant families in Texas and Arizona,…
Continue Reading Alessandra Galloni to lead Reuters News
One of the world’s oldest and most prestigious newsrooms will be led by a female editor for the first time. Alessandra Galloni will be the next…
Continue Reading Fox has no problem with Tucker Carlson’s ‘replacement theory’ remarks, says Lachlan Murdoch
Fox Corporation chief executive Lachlan Murdoch dismissed the Anti-Defamation League’s demand that the company fire host Tucker Carlson,…
Continue Reading Lachlan Murdoch dismisses ADL complaint, says Fox sees no problem with Tucker Carlson’s ‘replacement theory’ remarks
Fox Corporation chief executive Lachlan Murdoch dismissed the Anti-Defamation League’s demand that the company fire host Tucker Carlson,…
Continue Reading CEOs vow to fight voting restrictions despite threats from Trump and McConnell
Dozens of business leaders held an hour-long brainstorming session over the weekend to discuss ways to fight controversial voting restrictions…
Continue Reading Nike wants to resell your (lightly) worn shoes in some stores
Nike is now reselling returned sneakers at a discount in select stores in an effort to reduce waste. Nike on Monday announced an initiative where it…
Continue Reading English pubs can open again but 2,000 have already gone under
Shops, gyms, pubs and beauty salons in England have welcomed back customers after three months of lockdown, delivering a crucial boost to retail and…
Continue Reading Cyberattacks are the number-one threat to the global financial system, Fed chair says
Cyberattacks are now the foremost risk to the global financial system, even more so than the lending and liquidity risks that led to the 2008…
Continue Reading China hits Alibaba with record $2.8 billion fine for behaving like a monopoly
China has ordered Alibaba to pay a record fine of 18.2 billion yuan ($2.8 billion) after antitrust regulators concluded that the online shopping…
Continue Reading Bitcoin is back above $60,000 as Coinbase gets ready for public debut
The bitcoin bull market rages on: The price of one bitcoin is back above $60,000, and not far from its all-time high, as investors gear up for this…
Continue Reading Microsoft buys Nuance for $16 billion in a major push into health care AI
In a bold acquisition that could solidify Microsoft’s growing influence in the health care industry, the tech company agreed to buy artificial…
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Powell tells ’60 Minutes’ that US economy is at an ‘inflection point’
Federal Reserve Chair Jerome Powell said the US economy is at an “inflection point,” and that growth and job creation is poised to…
Continue Reading Mastercard launches carbon calculator in its latest attempt to go green
Mastercard wants consumers to understand how much their spending habits are contributing to carbon emissions and global warming. The credit card…
Continue Reading Small investors are taking an unexpected break. Here’s why
After a raucous start to the year, Wall Street expected non-professional traders to pump chunks of their $1,400 stimulus checks into the stock…
Continue Reading Alibaba’s record fine is a ‘warning shot’ in China’s tech crackdown
Alibaba is trying to draw a line under accusations that it behaved like a monopoly after Chinese regulators hit the online shopping giant with a…
Continue Reading Vice removes altered photos of Khmer Rouge victims as Cambodia protests
US media group Vice has removed altered photographs of Khmer Rouge genocide victims from its website after a furious backlash in Cambodia and on…
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