Square to acquire majority stake in music service Tidal for $297 million
Jay-Z has 99 problems but figuring out a buyer for his struggling music streaming service is no longer one. Square, the payments company founded and…
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Oil prices surge as OPEC and its allies extend production cuts
A group of major oil producers has agreed to extend production cuts for another month despite a recent price surge, choosing to limit supply until…
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YouTube CEO says Trump’s account will be restored when risk of violence recedes
Former President Donald Trump’s YouTube account will eventually be restored in accordance with the platform’s current policies, the…
Continue Reading Here we go again: Turmoil rocks the repo market
The repo market, a murky yet crucial corner of Wall Street, is acting weird again. And the turmoil suggests the Federal Reserve may need to come to…
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Tale of 2 towns named Anthony highlights struggle between Texas, New Mexico over virus restrictions
ANTHONY, Texas/New Mexico — It’s a tale of two towns mere miles apart that highlights the struggle over Covid-19 restrictions. In Anthony, Texas,…
Continue Reading The latest Fast and Furious film has been delayed again. But there’s some good news
“Fast & Furious” fans will have to wait a bit longer to see the next installment in the blockbuster series. Universal is once again…
Continue Reading One group that won’t entirely benefit from going ‘back to normal’: Grocery stores
Last year, people were stockpiling food and essentials at stores and ordering a lot more groceries online. That was great news for America’s…
Continue Reading Amazon’s first physical store outside the US doesn’t have a checkout line
There’s something unusual about Amazon‘s first physical store outside the United States: No waiting to pay. The e-commerce giant opened a…
Continue Reading Dr. Seuss books are taking over Amazon’s bestseller list
Oh, the places Dr. Seuss books will go after they ignite controversy. This week, Dr. Seuss Enterprises announced that six books penned by the…
Continue Reading Better late than never: ViacomCBS and Discovery stocks soar thanks to new streaming services
Arriving late to the streaming wars is apparently better than never getting involved in them at all. That’s what investors seem to think, at…
Continue Reading Discover is opening a corporate office on Chicago’s South Side. It wants other companies to follow
The South Side of Chicago isn’t typically a place where major companies look to open corporate offices. Most of the city’s Fortune 500…
Continue Reading UK launches antitrust probe into Apple
The United Kingdom’s competition watchdog has launched an investigation into Apple after app developers complained that they’re being…
Continue Reading American consumer spending jumped in January thanks to stimulus checks
US consumer spending jumped at its quickest pace since June as stimulus checks put more cash into Americans’ wallets. Incomes rose 10% in…
Continue Reading This ‘snake robot’ can fix pipelines on the ocean floor
The deep-sea oil and gas industry has a vast and costly infrastructure to maintain. Wells, other equipment, and thousands of kilometers of pipeline…
Continue Reading Fighting climate change is now a job for the Bank of England
Central banks are usually tasked with keeping inflation in check, while promoting economic growth and employment. Now, add fighting the climate…
Continue Reading Paramount+ is banking on iconic TV characters from ‘Frasier’ to ‘SpongeBob’
Paramount is one of the most iconic studios in Hollywood, but can the name “Paramount” translate to streaming? ViacomCBS is banking on…
Continue Reading A financial transaction tax may be aimed at hurting Wall Street. But it will hit Main Street investors instead
In the wake of the GameStop stock trading frenzy, the Biden administration recently said it’s worth evaluating the impact of a tax on financial…
Continue Reading Corporate America’s earnings recession is over
The vast majority of companies in the S&P 500 have reported results from the last three months of 2020, and Wall Street is calling it: The…
Continue Reading Hong Kong used to be the poster child for economic freedom. Not anymore
Hong Kong has been booted off an index of economic freedom that it used to lead, dealing another blow to the city’s standing as a global…
Continue Reading Inflation fears continue to rattle global stocks
Global stocks are falling as a bond sell-off continues to rattle markets. Hong Kong’s Hang Seng Index led losses in Asia Pacific, tumbling…
Continue Reading Inflation fears rattle Asian stocks yet again
Asian stocks are falling Thursday as a bond sell-off continues to rattle markets. Hong Kong’s Hang Seng Index was last down 2.5%, while…
Continue Reading White House reporters clamor for press conference as Biden waits longer than predecessors
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. There are many ways…
Continue Reading SpaceX Mars prototype rocket nails landing for the first time, but explodes on Texas pad
BOCA CHINO, Texas — A SpaceX rocket prototype, known as SN10, soared over South Texas during test flight Wednesday before swooping down to a…
Continue Reading Women in sports don’t get the media coverage that men do. These 4 Olympians are trying to change that
US Olympians Sue Bird, Alex Morgan, Simone Manuel and Chloe Kim have teamed up to launch a new company aimed at focusing attention on women in sports…
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CEO of Texas power grid operator ‘terminated’ in aftermath of storm outages
AUSTIN, Texas — The board overseeing the Electric Reliability Council of Texas, the independent nonprofit entity that operates and manages the…
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El Paso leaders urge masks despite Texas lifting mandate
EL PASO, Texas — Mayor Oscar Leeser and County Judge Ricardo Samaniego on Wednesday implored El Pasoans to continue wearing masks in the wake of…
Continue Reading Buckle up, Wall Street, we’re just getting started
Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here.…
Continue Reading Dollar Tree announces new stores as demand for discount retailers skyrockets
Dollar Tree said Wednesday that it will open 600 new stores this year, continuing dollar store chains’ torrid growth across the United States.…
Continue Reading Sinclair to lay off hundreds of employees, citing ‘profound impact’ pandemic has had on its business
Citing the coronavirus pandemic, the Sinclair Broadcast Group said on Wednesday that it will reduce its workforce by approximately 5%, amounting to…
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New Mexico governor signs relief bills with $600 payout to low-income workers, restaurant tax break
SANTA FE, New Mexico — New Mexico’s Democratic governor has signed economic relief legislation that provides $600 rebates to low-income…
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