Stocks pop as solid jobs report soothes investor fears
Investors breathed a huge sigh of relief following the May jobs report Friday. Stocks rallied as the numbers told a classic Goldilocksian, not too…
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Facebook says Trump now suspended until at least January 2023
Facebook announced Friday that former President Donald Trump would be suspended from its platform until at least January 7th, 2023 — two years…
Continue Reading Why this discount chain thinks rising prices are a good thing
People are paying higher prices for everything from diapers to gas. One discount chain says that’s great for its business. Five Below, the toy,…
Continue Reading Meme madness: Bank of America stops covering GameStop
One Wall Street analyst has had it with the whole meme stock phenomenon. Curtis Nagle, who covers retailers for Bank of America, is giving up trying…
Continue Reading After AMC’s wild week on Wall Street, theaters hope to scare up a hit box office with ‘The Conjuring’
“The Conjuring: The Devil Made Me Do It,” the seventh film in the horror franchise, hits theaters on Friday. It ends a crazy week for the…
Continue Reading Facebook says Trump to remain banned for at least 2 years
OAKLAND, California — Facebook says it will suspend former President Donald Trump’s accounts for two years following its finding that he…
Continue Reading Americans are buying lipstick and condoms. Here’s how bars are prepping for a big summer
Americans are gearing up for a celebratory summer by buying more lipstick, dressy clothing and condoms. And bars are ready to greet them. During the…
Continue Reading US labor market recovery picks up steam, adding 559,000 jobs in May
America’s job market recovery picked up some steam in May, with 559,000 positions added back to the economy. It was a second sizable miss of…
Continue Reading Amazon, Microsoft and Zillow are backing an initiative to increase Black representation on corporate boards
The number of African Americans serving on boards of directors for the nation’s largest corporations has remained dismally low this year…
Continue Reading Biden touts economic progress after US adds 559,000 jobs in May
President Joe Biden on Friday touted the economic progress the US has made in its recovery from the coronavirus pandemic after the government…
Continue Reading Bitcoin tumbles after Elon Musk tweets breakup meme
The price of bitcoin sank on Friday after Elon Musk appeared to lament the end of his relationship with the cryptocurrency. The Tesla CEO tweeted a…
Continue Reading Facebook to change what politicians can get away with on its platform
Facebook on Friday plans to announce new rules for world leaders who use its platform that could limit what politicians can get away with posting, a…
Continue Reading Facebook to change rules for politicians
Facebook on Friday plans to announce new rules for world leaders who use its platform, a source familiar with the plan tells CNN Business, in a move…
Continue Reading Europe opens twin antitrust investigations into Facebook
Facebook is confronting two separate antitrust investigations by European regulators that will probe whether the social network’s use of data…
Continue Reading Fed chair Powell warns of ‘profound challenges’ posed by climate change
Federal Reserve Chairman Jerome Powell acknowledged serious risks the climate crisis poses to the world economy and called for a coordinated response…
Continue Reading Why everyone is hyping up the US jobs report
From Wall Street to Washington, everyone is waiting for the latest US jobs report. What’s happening: The US Labor Department releases data for…
Continue Reading Hackers have a devastating new target
A major gas pipeline. Dozens of government agencies. A Florida city’s water supply. And now, one of the world’s top meat producers. The…
Continue Reading Biden expands Trump’s list of Chinese companies banned from US investment
President Joe Biden has expanded a Trump-era ban on American investment in dozens of Chinese firms that Washington believes are linked to…
Continue Reading United plans supersonic flights by 2029
United Airlines announced a deal to buy 15 supersonic jets, planning to carry passengers on the ultra-fast planes by 2029. If the airline can follow…
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China’s stronger currency means difficult choices for Beijing
China’s yuan is stronger than it has been since the start of the US-China trade war. That has left Beijing in a pickle. If the currency…
Continue Reading Biden wants to set a global minimum tax. The G7 could provide a crucial boost
The Biden administration’s ambitious plan to overhaul the global tax system is about to face a crucial test. Treasury Secretary Janet Yellen…
Continue Reading The most important Tokyo Summer Olympics story is not related to sports
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Thursday was the…
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Walmart extending store hours that were cut during pandemic
BENTONVILLE, Arkansas — Walmart says it’s expanding its hours, after reducing them during the pandemic. As of June 5, most stores nationwide will be…
Continue Reading Microsoft wants to make voting more trustworthy. This partnership will help
In late February 2020, Microsoft carried out the first official test of its ElectionGuard voting security software in an election in Fulton,…
Continue Reading Realtor groups ask U.S. Supreme Court to block CDC’s eviction moratorium
WASHINGTON, DC — A coalition of Realtor groups asked the U.S. Supreme Court on Thursday night to block the Centers for Disease Control and…
Continue Reading Ford could get hit with $1.3 billion penalty for importing vans from Europe
For years, Ford would build its Transit Connect vans in Turkey, then ship them to the United States, where the windows and seats were immediately…
Continue Reading AMC’s stock is up more than 2,000% this year. But the theater chain’s problems aren’t solved
AMC’s comeback, and then some — its stock price surged to a record high on Wednesday — has been fueled by Reddit’s army of retail…
Continue Reading Taking the ‘cyber’ out of cyberattacks: Why hackers are going after physical infrastructure
A major gas pipeline. Dozens of government agencies. A Florida city’s water supply. And now, one of the world’s top meat producers. The…
Continue Reading Helicopters, a patrol car and virtual bodyguards: Inside Citizen’s scattered push to upend public safety
Well before Citizen, a controversial real-time crime alerting app, raised eyebrows by testing a company-branded patrol car on the streets of Los…
Continue Reading The Fed will start winding down a program that saved the economy
The Federal Reserve announced Wednesday that it will begin winding down a program that purchased tens of billions of dollars of corporate assets to…
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