Instacart doubles its valuation for the second time since pandemic began
For the second time since the the pandemic began, Instacart has doubled its valuation as a privately-held startup. The on-demand grocery delivery…
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Vaccine delays and skimpy stimulus are holding back Europe’s recovery
The United Kingdom is banking on a rapid vaccine rollout to bring its economy back to life this summer, while the United States is pinning its…
Continue ReadingHertz has buyers and a plan to emerge from bankruptcy
Two investment firms have agreed to pay a combined $4.2 billion to buy Hertz and take it out of bankruptcy by the early to mid-summer, another sign…
Continue ReadingCan stocks shrug off bubble talk? Wall Street thinks so
Financial markets have been rocked by volatility in recent days as investors try to game out how to play the next phase of the pandemic. What’s…
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China is sounding the alarm about a global market bubble
One of China’s most powerful financial officials is sounding the alarm over a bubble in global markets. Guo Shuqing, the Communist Party boss…
Continue ReadingChina’s Nio wants to expand overseas, but there are roadblocks ahead
China’s Nio is continuing its turnaround and even eyeing a push abroad. But the wannabe “Tesla killer” isn’t on completely…
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David Muir’s new role at ABC News leads to drama with George Stephanopoulos and a visit from Bob Iger
Earlier this year tensions between ABC News anchors George Stephanopoulos and David Muir boiled over to the point that Stephanopoulos threatened to…
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Amazon employee sues the company, alleging racial discrimination and unequal pay
An Amazon employee filed a lawsuit Monday accusing the tech giant of deliberately paying her and other Black employees less than their White…
Continue ReadingA Trader Joe’s worker says he was fired after writing to the CEO about Covid-19 safety protections
A Trader Joe’s worker says he was fired after writing directly to the chain’s CEO calling for stronger Covid-19 safety protocols in his…
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The maker of a $2,995 home gym is opening up shops in Nordstrom stores
Nordstrom and at-home fitness startup Tonal, which sells a $2,995 smart home gym, have teamed up to launch a handful of Tonal mini shops inside…
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S&P 500 notches best day since June
The Dow rallied a little more than 600 points Monday, as US Treasury yields pulled back and took a breather from their recent ascent. All three major…
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Get over it, the media isn’t going to give Joe Biden a free ride
Over the past few weeks, progressive activists have lit up Twitter over the media’s criticism of President Joe Biden. There have even been loud…
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Former New York Times reporter breaks silence after being ousted amid racial slur controversy
Donald G. McNeil Jr., the star New York Times reporter who resigned amid uproar over his 2019 use of a racial slur, broke his silence on Monday,…
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US stocks surge as bond markets take a breather
The Dow rallied nearly 700 points in early afternoon trading Monday, as US Treasury yields pulled back and took a breather from their recent ascent.…
Continue ReadingThe maker of a $2,995 home gym is opening up shops in Nordstom stores
Nordstrom and at-home fitness startup Tonal, which sells a $2,995 smart home gym, have teamed up to launch a handful of Tonal mini shops inside…
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Top European media outlet refuses to join Facebook News
Facebook is launching its news product in Germany without media giant Axel Springer, which publishes the country’s most popular daily newspaper…
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United, predicting a rebound in travel, buys 25 Boeing 737 Max jets
United Airlines disclosed Monday one of its largest orders for the Boeing 737 Max jet since the aircraft was grounded in March 2019, agreeing to buy…
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Biden throws support behind Amazon workers holding milestone union vote
President Joe Biden on Sunday night lent his support to Amazon workers who are pushing to unionize — and appeared to warn Amazon not to deter them.…
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Here’s why 2021 could be a big year for labor unions
Rarely has the chasm between rank-and-file-workers and the extremely wealthy been this wide. While millions of people have lost jobs, gone hungry and…
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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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