Stein Mart is being relaunched online
Stein Mart, the bankrupt discount department store, is being given a second life by the same company that recently purchased Pier 1 Imports. Retail…
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Elon Musk warns employees Tesla’s stock could ‘get crushed like a soufflé under a sledgehammer’
Tesla CEO Elon Musk is telling his employees they need to cut costs or they can kiss its lofty stock price goodbye. Tesla shares have been among the…
Continue Reading Apple faces lawsuits in Europe over slowing down older iPhones
Apple is facing new legal action in Europe over its controversial practice of slowing down older iPhones. Euroconsumers, the advocacy group bringing…
Continue Reading Nasdaq to Corporate America: Make your boards more diverse or get out
Nasdaq is proposing a rule that would require at least some measure of diversity on the boards of directors of companies listed on the exchange. The…
Continue Reading Tech companies are seizing the market moment
The biggest tech companies strengthened their hold on the global economy during the pandemic. Now, the industry is leveraging a moment of market…
Continue Reading English whisky? A spirits pioneer tries to survive the pandemic and Brexit
Daniel Szor is doing something unusual: making whisky in England. The native New Yorker founded Cotswolds Distillery six years ago after realizing…
Continue Reading Australia is out of recession. Now it needs to avoid a trade war with China
Australia’s economy is growing again after the coronavirus pandemic pushed it into its first recession in three decades. Now the country has to…
Continue Reading Wendy’s is placing a much bigger bet on India
US fast food chain Wendy’s is ramping up its presence in India, saying it plans to have 400 cloud kitchens and traditional restaurants across…
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Walmart scraps shipping minimum for subscription service in move to take on Amazon
Walmart is dropping its $35 minimum shipping threshold on online orders for its membership program Walmart+, a move that could make the offering more…
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El Paso hotel industry braces for fallout from Sun Bowl cancellation
EL PASO, Texas — The latest economic hit from the Covid-19 pandemic to impact the Borderland is the loss of the 2020 Sun Bowl, which was officially…
Continue Reading Salesforce to buy Slack in $27.7 billion deal
Salesforce is buying workplace messaging app Slack for $27.7 billion, marking the largest acquisition in the San Francisco-based cloud-based…
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Instagram influencer Alexis Sharkey was found dead near a Houston interstate, police say
HOUSTON, Texas — Alexis Robinault, a 26-year-old Instagram influencer with over 30,000 followers, was found dead off a Houston interstate last…
Continue Reading US Soccer reaches deal with women’s national team in fight for equal working conditions, but not equal pay
The United States Soccer Federation and the US Women’s National Team have reached an agreement — but not about equal pay. The two sides…
Continue Reading Sephora is opening up mini shops inside Kohl’s stores
Sephora is set to open mini shops inside Kohl’s stores, with the first 200 locations debuting in fall of 2021. It’s part of an effort to…
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American women settle lawsuit with U.S. Soccer Federation on unequal working conditions with men, to appeal wage claims
LOS ANGELES (AP) — U.S. Soccer and the women’s national team have settled the players’ legal claim over inequitable working conditions, putting…
Continue Reading McDonald’s is giving away 10,000 free sandwiches for fans who shave their faces
Shave the date: the McDonald’s McRib is back this week and you can get a free one — if you shave your face. The fast-food chain is…
Continue Reading Are you worried about expiring jobless benefits? Share your story.
The expanded unemployment benefits that were created by the CARES Act in the spring are slated to expire at the end of this month unless Congress…
Continue Reading Some restaurants hate delivery apps like Grubhub and Uber Eats. So they’re seeking out alternatives
If you visit Motorino Pizza’s website, you’ll be greeted with a plea: Don’t order through Seamless. “The worst thing that has…
Continue Reading Big Tech’s stock market reign may finally be about to end
Who says investing is hard? All you needed to do for the past few years to enjoy solid gains in the stock market was buy an S&P 500 or Nasdaq 100…
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President-elect Biden unveils his economic team, pledges that ‘help is on the way’
WILMINGTON, Delaware — President-elect Joe Biden on Tuesday introduced top advisers he said will help his administration rebuild an economy…
Continue Reading The oil industry narrowly avoided an election disaster. Now it’s showing signs of life
The gloom-and-doom dominating the oil industry is finally starting to ease just a bit. Oil prices are showing signs of life, rebounding from their…
Continue Reading NBC had to decide between football and lighting a Christmas tree. It chose the tree
Dolly Parton and Christmas cheer will get precedence over football this year. NBC’s annual broadcast of the Rockefeller Christmas tree lighting…
Continue Reading ‘Fake news’ about a Covid-19 vaccine has become a second pandemic, Red Cross chief says
Covid-19 vaccines are fast approaching, but a second pandemic might impede efforts to recover from the first, according to the president of a global…
Continue Reading How pharmacies are preparing to give Americans Covid-19 vaccines
In the fight against Covid-19, the US government is enlisting pharmacies to administer vaccines to hundreds of millions of Americans — an endeavor…
Continue Reading SoftBank bets on Europe’s hottest stock
After selling nearly $100 billion in assets, SoftBank is back in buying mode. Sinch, a Swedish cloud and telecommunications company whose stock has…
Continue Reading Exxon faces $20 billion hit from ‘epic failure’ of a decade ago
ExxonMobil’s nightmarish 2020 just got worse. The embattled energy company announced Monday that it will dramatically mark down the value of…
Continue Reading Starbucks is giving free coffee to health care workers this month
Health care workers are getting a special treat this month. Starbucks will be giving away free cups of coffee to health care workers and first…
Continue Reading Amazon sales surge during a record-breaking holiday shopping season
Amazon was already having a blowout year. And it’s shaping up to be a record-breaking holiday shopping season, too. Shoppers have been…
Continue Reading 25,000 jobs at risk as Debenhams closure follows Topshop collapse
Debenhams, Britain’s biggest department store chain, is permanently closing its UK operations. The announcement came less than 24 hours after…
Continue Reading DoorDash and Airbnb lead a parade of unicorn IPOs
Demand for initial public offerings has roared back to life on Wall Street, led most recently by highly anticipated debuts from Silicon Valley…
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