Wall Street’s new bogeyman: the bond market
Covid-19 no longer seems to be the biggest concern on Wall Street as more people are getting vaccinated. Now, the focus is squarely on the bond…
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McDonald’s CEO responds after report alleges sexual harassment among workers
Sexual harassment against McDonald’s restaurant employees “will not be tolerated,” McDonald’s CEO Chris Kempczinski said in a…
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Rocket Lab joins the SPAC craze
Rocket Lab, a startup that builds small rockets to shuttle satellites to orbit, announced Monday that it’s going public via SPAC, joining a…
Continue Reading Exxon aims to quell shareholder revolt by adding activists to board
ExxonMobil is adding two prominent activist investors to its board of directors, in a bid to halt the first credible threat to overthrow its board in…
Continue Reading McDonald’s CEO promises investigation after report alleges sexual harassment among workers
Sexual harassment against McDonald’s restaurant employees “will not be tolerated,” McDonald’s CEO Chris Kempczinski said in a…
Continue Reading Stocks pop as bond yields take a breather
Stocks jumped at Monday’s opening bell as US Treasury yields are pulling back and taking a breather from their recent ascent. The Dow opened…
Continue Reading Budweiser Select is making a comeback as light beer sales surge
With Americans drinking more light beer than ever, Anheuser-Busch is giving them another option with the nationwide release of Budweiser Select. The…
Continue Reading Starbucks is adding oat milk to its menu
Starbucks is adding oat milk to its menus across the United States beginning Tuesday as demand for non-dairy alternatives surges. Oat milk has become…
Continue Reading Mr. Potato Head is the latest weapon in the Fox News culture wars
Mr. Potato Head caused a lot of buzz last week, and Fox News played a big part in that. Over the past week, the plastic toy — and its gender —…
Continue Reading Warren Buffett sees shades of 1980s crisis in today’s bond market
Warren Buffett is warning that the “pathetic” returns available to bond investors may encourage risky behavior. “Bonds are not the…
Continue Reading Chinese investment in Australia plunged last year as tensions worsened
Trade ties between Australia and China worsened over the past year as the two countries became mired in a diplomatic dispute. Now it appears those…
Continue Reading Wall Street is kicking out yet another big Chinese company
A major Chinese oil company that has traded on Wall Street for decades has become the latest casualty of tensions between Washington and Beijing. The…
Continue Reading From ‘hoax’ to hope: Why March 2021 may be a turning point for the US
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. March 2020 never…
Continue Reading What Australia’s new law might mean for the news you see in the future
Facebook has turned the news back on. In Australia, the websites that were previously blocked by Facebook are now accessible and sharable once again.…
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NASA astronauts conduct their 2nd spacewalk of the year
It was a nice day for a spacewalk. Astronauts Kate Rubins and Victor Glover Jr. began their spacewalk outside of the International Space Station at…
Continue Reading India imposes new rules on Facebook, Twitter and YouTube
India issued strict new rules on Thursday for Facebook, Twitter and other social media platforms weeks after the country’s government attempted…
Continue Reading $3 gasoline could be around the corner — unless OPEC and Russia start pumping more oil
OPEC and Russia’s unprecedented production cuts last spring lifted oil prices out of a death spiral. Nearly a year later, the group is under…
Continue Reading How long should movies be in theaters before streaming? Hollywood is trying to find out
With the movie business upended during the pandemic and tilting more towards streaming than cineplexes, Hollywood is rethinking its business model.…
Continue Reading Apple had a blowout quarter in China. But can its success there continue?
Apple blew through its December quarter record for sales in China when it reported earnings last month. Sales in the greater China region grew a…
Continue Reading ‘SNL’ has Dr. Fauci hand out coronavirus vaccines on a game show
As more coronavirus vaccines begin to roll out, it may be difficult to know if you’re eligible or not, so “Saturday Night Live”…
Continue Reading Asian banks are failing on climate by channeling billions into coal, report says
Many of the world’s leading financial institutions have pledged in recent years to slash their support for the coal and oil industries. But a…
Continue Reading Warren Buffett admits to a rare ‘mistake’
The Oracle of Omaha said he made a mistake. In his annual letter to shareholders of Berkshire Hathaway, investing guru Warren Buffett disclosed that…
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Public hearing on downtown El Paso historic district draws just 5 speakers, including developer Paul Foster
EL PASO, Texas — On Saturday, El Paso County Commissioners Court held a public hearing to clarify confusion surrounding a proposed national historic…
Continue Reading Unpaid rent is piling up. Landlords can’t hold on forever
Millions of struggling renters caught a much-needed break when the federal moratorium on evictions was extended through the end of March. But for…
Continue Reading Peppa Pig is getting her own Orlando-area theme park, complete with muddy puddles
Peppa Pig is looking to hog some of the Florida sunshine enjoyed by Mickey Mouse and Harry Potter. The animated British piglet popular with…
Continue Reading Manufacturing CEO: Before Biden, it felt like we were fighting the pandemic alone
A former Republican operative who now leads one of the nation’s most powerful business groups is praising President Joe Biden’s efforts…
Continue Reading House and Senate progressives split over next steps on minimum wage
House progressives are furious with the Senate parliamentarian’s decision to remove the $15 minimum wage provision from the Senate’s…
Continue Reading The Oracle of Hollywood? Berkshire Hathaway’s 2021 annual meeting to be held in LA
Warren Buffett is going to Hollywood. The annual Berkshire Hathaway shareholder meeting on May 1, normally held in Buffett’s home town of…
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McDonald’s, Taco Bell and Burger King heat up chicken sandwich wars
January was huge for the fried chicken sandwich wars, but February was somehow even bigger. This month, Wendy’s, Taco Bell, Burger King and…
Continue Reading Where the stimulus bill stands in Congress, and what comes next
The major order of business for President Joe Biden and Congress is to pass a $1.9 trillion Covid relief package before the round of unemployment…
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