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Five Below wants to win more teen shoppers with novelty stores and cheap prices. The toy, game, room decoration and tech accessory store targets teens and tweens as its key customers and sells most of its stuff for — as its name suggests — under $5. It said Wednesday that it will open 170 to
Continue ReadingGoogle is the latest tech company to commit to more office space despite the ongoing pandemic and the rise of remote work. On Thursday, Google said it plans to invest more than $7 billion in offices and data centers in the United States and create at least 10,000 additional full-time jobs this year. “Coming together
Continue ReadingGoogle is the latest tech company to commit to more office space despite the ongoing pandemic and the rise of remote work. On Thursday, Google said it plans to invest more than $7 billion in offices and data centers in the United States and create at least 10,000 additional full-time jobs this year. “Coming together
Continue ReadingDoing your laundry with cold water can help save the planet, and maybe save you some money along the way. That’s the message from Tide in a newly launched campaign to decarbonize laundry. The goal is for consumers in North America to do three out of every four loads of laundry with cold water instead
Continue ReadingVirgin Group founder Richard Branson is calling for a permanent end to capital punishment around the globe, and he wants more business leaders to get on board. The 70-year-old British billionaire announced a new campaign to build support for abolishing the death penalty at a virtual South By Southwest event Thursday. “I have always thought
Continue ReadingThat didn’t take long. Non-Fungible tokens, or NFTs — digital artworks and collectibles that have been transformed into verifiable assets — are all the rage in the crypto world. Now even Charmin is getting in on the trend. The toilet paper company has put five pieces of digital art up for bidding, and has dubbed
Continue ReadingThe US airline industry hit a dubious milestone this week: For the first time since the pandemic began, air travel is up from a year ago. That’s a positive sign for battered airlines and a potentially worrying sign to health experts. But it’s also an incredibly low hurdle to clear. About 1.1 million people passed
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A year after the pandemic shut down the US economy, America’s workers are still hurting. For the past 12 months, first-time claims for jobless benefits have been higher than during the worst moments of the Great Recession. Economists, politicians and workers alike are hoping that the continued vaccine rollout and warmer weather that allows more
Continue ReadingPiers Morgan has always divided TV audiences, but he gained new notoriety this month after taking on the Duchess of Sussex. With two combative UK media outlets about to launch, that could help him land his next job. The host of “Good Morning Britain” abruptly left the show from broadcaster ITV last week after questioning
Continue ReadingKanye West officially became a billionaire last year. Now, he’s a billionaire six times over. The 43-year-old rapper turned fashion and athletic shoe mogul is now worth $6.6 billion, according to Bloomberg. The vast majority of West’s wealth is tied up in his apparel businesses: The combined value of West’s Yeezy sneaker partnership with Adidas
Continue ReadingWhen one of my editors recently shared a celebratory picture of his vaccine card on Instagram, I sent him a direct message: “Didn’t you read our story about not posting your record? Scammers are watching!” He argued they’d be hard pressed to dupe him based on anything listed on the card: “What scam are you
Continue ReadingPeloton is teaming up with Adidas to launch its most expansive branded apparel line yet, aimed at its fervent fans that can’t get enough of the trendy fitness company. The 11-piece line, called the adidas x Peloton SS21 collection, is priced between $30 to $85 and consists of tank tops, pants shorts and hoodies. Peloton
Continue ReadingPiers Morgan has always divided TV audiences, but he gained new notoriety this month after taking on the Duchess of Sussex. With two combative UK media outlets about to launch, that could help him land his next job. The host of “Good Morning Britain” abruptly left the show from broadcaster ITV last week after questioning
Continue ReadingYouTube’s TikTok competitor has come to the United States. On Thursday, the company said it’s expanding the beta program for its short-form video offering, called Shorts, to the United States now and over the next several weeks. Previously, it tested the product only in India. Globally, users have been able to view Shorts, but not
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The Federal Reserve left interest rates near zero Wednesday and said it would continue to use all the tools in its arsenal to support the still bouncing-back US economy. But it struck a somewhat more hawkish tone in its monetary policy update, saying it is prepared to “adjust the stance of monetary policy as appropriate
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Federal Reserve Chair Jerome Powell has a clear message for investors: Don’t stress. We’ve got this. What’s happening: At a press conference Wednesday, Powell reiterated that the central bank does not plan to roll back its massive stimulus efforts until the economic recovery from the pandemic is complete. Wall Street cheered his remarks, sending stocks
Continue ReadingDevelopers in Southern California are building what they say will be the first 3D-printed zero net energy neighborhood in the United States. Palari Group said it plans to build 15 eco-friendly 3D-printed homes on a five-acre parcel of land in Rancho Mirage, an upscale community in the Coachella Valley, near Palm Springs. The 1,450 square
Continue ReadingThe banking industry has a race problem, and a new study is putting a spotlight on the inequalities within the nation’s largest financial institutions. For people of color, the chances of getting promoted to the highest levels of management or senior and executive leadership at some of the nation’s most powerful consumer banks are much
Continue ReadingPinduoduo’s founder stepped down suddenly this week, shaking investors who had watched him take the Chinese e-commerce company from nothing to a potential Alibaba competitor in less than a decade. Colin Huang’s decision to resign as chairman wasn’t a complete surprise. The 41-year-old entrepreneur already quit as CEO last summer, and was expected to eventually
Continue ReadingThe founder of the WallStreetBets is heading to Hollywood. Jaime Rogozinski, the investor who started the subreddit that shook up Wall Street, has signed with United Talent Agency, the company confirmed to CNN Business on Wednesday. The news was first reported by Bloomberg. The agency reps some of biggest stars in Hollywood including Kevin Hart,
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