Why Wall Street is in such a rush to get workers back to the office
Wall Street is wasting no time getting its employees back into the office — whether they want to be there or not. Morgan Stanley CEO James Gorman…
Continue ReadingBiz/Tech
The oat milk wars are just beginning
It’s been a big year for America’s oat milk fans — and the companies serving them. In March, Starbucks rolled out the option only to…
Continue Reading Vaccine-maker AstraZeneca claims victory in court tussle with EU over slow deliveries
BRUSSELS (AP) — AstraZeneca and the European Union have both claimed victory in a court tussle over allegations that the coronavirus vaccine-maker…
Continue Reading Real estate market madness is everywhere
Low inventory and surging demand have sent house prices soaring around the world, raising concerns about how long the red-hot market can be…
Continue Reading Pornhub sued for allegedly serving nonconsensual sex videos
Dozens of women sued Pornhub and its parent company Thursday, alleging that the site knowingly profited from videos depicting rape, child sexual…
Continue Reading A huge backlog at China’s ports could spoil your holiday shopping this year
A coronavirus outbreak in southern China has clogged ports critical to global trade, causing a shipping backlog that could take months to clear and…
Continue Reading
How Russian threats in the 2000s turned this country into the go-to expert on cyber defense
When people like the German Chancellor Angela Merkel or the King of Belgium want to learn more about cybersecurity, they go to Estonia. The Baltic…
Continue Reading Estonia is a global leader on all things cyber. Now it’s offering to teach other countries
When people like the German Chancellor Angela Merkel or the King of Belgium want to learn more about cybersecurity, they go to Estonia. The Baltic…
Continue Reading New Nielsen data shows that cable TV reigns supreme, but streaming is gaining fast
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Take a wild guess:…
Continue Reading Lordstown Motors backtracks, says it has no binding orders for electric truck
Lordstown Motors, the struggling electric truck startup, said that it has no firm orders for its vehicles, backtracking on assurances it made earlier…
Continue Reading Bank of America gives WFH employees a Labor Day deadline to return to the office
Bank of America is encouraging its vaccinated employees to return to the office after Labor Day in September, the company’s CEO Brian Moynihan…
Continue Reading Two obscure service providers briefly broke the internet. It could happen again
For the second time in 10 days, a giant chunk of the internet briefly broke because of an outage at a company most people have probably never heard…
Continue Reading Banks and airline websites get hit by another major internet outage
Airlines, banks, stock exchanges and trading platforms suffered brief website outages, sparking the second major interruption in the past 10 days.…
Continue Reading Airline and bank websites go down in another major internet failure
Airlines, banks, stock exchanges and trading platforms suffered brief website outages early Thursday after a key piece of internet infrastructure…
Continue Reading Morgan Stanley CEO to NYC workers: Be back in the office by September or else
The CEO of one of Wall Street’s top investment banks has a message for employees in its New York offices. You need to come back to work this…
Continue Reading Bank of America is encouraging vaccinated employees to return to the office after Labor Day
Bank of America is encouraging its vaccinated employees to return to the office after Labor Day in September, the company’s CEO Brian Moynihan…
Continue Reading Top builder says the housing boom isn’t over just yet
Intense bidding wars and supply shortages for lumber and other building materials threaten to finally derail the housing market. But one top…
Continue Reading Democrats want JPMorgan to refund Covid-era overdraft fees — and scrap them forever
New York Democrats want JPMorgan Chase to return the overdraft fees the bank collected during the pandemic — and to scrap the hated charges…
Continue Reading JPMorgan Chase buys robo-adviser Nutmeg ahead of UK banking launch
The biggest US bank is ramping up its plans to expand in the United Kingdom. JPMorgan Chase announced Thursday that it’s buying Nutmeg, the UK…
Continue Reading Hong Kong police declare Apple Daily newsroom a crime scene as editors and executives arrested under national security law
Hong Kong police declared the Apple Daily newspaper office a crime scene Thursday, after 500 officers descended on the premises to arrest executives…
Continue Reading Another service outage briefly broke the internet. It could happen again
For the second time in 10 days, a giant chunk of the internet briefly broke because of an outage at a company most people have probably never heard…
Continue Reading The 1970s moon buggies are still up there. GM and Lockheed Martin want to make new ones
There are three 50-year-old cars parked on the moon. Now, General Motors and Lockheed Martin wants to build some new ones and put them on the moon,…
Continue Reading CureVac shares drop 45% after disappointing Covid vaccine results
Shares in CureVac plummeted on Thursday after the German biotech company said that interim trial results showed its experimental Covid-19 vaccine was…
Continue Reading Facebook Fast Facts
Here’s a look at the social media network, Facebook. Facts Facebook had 2.8 billion monthly active users around the world, as of March 31,…
Continue Reading Gold loses its shine as Fed hints at rate hikes
The Federal Reserve surprised the market Wednesday with projections that future interest rate hikes will come a bit sooner than expected. Gold bugs…
Continue Reading Jobless claims unexpectedly rose last week
Claims for unemployment benefits rose unexpectedly last week, marking the first increase in initial claims since late April. Another 412,000 workers…
Continue Reading IKEA, Nivea and Grolsch pull ads from GB News days after launch
A number of companies are pulling advertising from GB News just days after Britain’s newest and most controversial TV channel launched with a…
Continue Reading Texas authorities threaten SpaceX with legal action over beach closures, private security
BOCA CHICA, Texas — SpaceX received a warning from a district attorney in Texas this week, warning that the company could be violating several…
Continue Reading Financial markets are moving into a new era
What Federal Reserve Chair Jerome Powell said in staid tones on Wednesday may not have sounded momentous. It was. What’s happening: The US…
Continue Reading Juneteenth 2021: How major companies are celebrating
Major corporations are celebrating Juneteenth in unique ways this week. The annual June 19 tradition, which falls on Saturday this year, commemorates…
Continue Reading