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Democratic Senator Sherrod Brown is strongly in favor of rolling back the Trump tax cuts for corporations — despite warnings from the business community that it could disrupt the economic recovery. “It was a giveaway to corporate interests and the richest people in the country,” Brown, the chairman of the Senate Banking Committee, told CNN
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Wall Street was on a tear again Thursday, with tech stocks surging and both the Dow and the S&P 500 notching fresh record highs. The Dow finished up 0.6%, or 189 points, while the S&P closed 1% higher. The tech-heavy Nasdaq Composite scored the biggest gains of the day, rising 2.5%. Spring has sprung and
Continue ReadingWith the economy crashing and markets in chaos last spring, the Federal Reserve handed out get out of jail free cards to America’s big banks. Now that the recovery is gaining steam, the Fed has to decide if it’s time to enforce the rules once again. Suspense is building on Wall Street over whether the
Continue ReadingAn unlikely TV character’s name is at the center of Oprah’s sit-down interview with Meghan, Duchess of Sussex, and Prince Harry: ‘Peter Brady.’ Christopher Knight, the actor who portrayed the middle brother in “The Brady Bunch” television series, announced in a Facebook post on Wednesday that the wicker and acacia Burchett Outdoor Club Chairs sold
Continue ReadingPresident Joe Biden signed the $1.9 trillion stimulus package Congress passed this week into law Thursday. That’s welcome news for Americans in need of aid because of the pandemic. But it’s also a big plus for investors. Stocks have resumed their rally this week — following a brief pullback after bond yields spiked and inflation
Continue ReadingUber and Lyft have largely operated in silos when it comes to deactivating drivers over the most severe reports of safety incidents, potentially allowing bad actors to hop from one platform to the other. Now, the companies say they are ready to change that, announcing the creation of an industry sharing safety program Thursday to
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Wall Street is on a tear again Thursday, with tech stocks surging and both the Dow and the S&P 500 on track for new record highs. The tech-heavy Nasdaq Composite registered the biggest gains, up 2.5% midday. The Dow, meanwhile, climbed 1.1%, or nearly 350 points, while the S&P is up 1.4%. Spring has sprung
Continue ReadingGoogle Maps is making some social media-inspired updates to encourage more user-generated content in the app. The app on Thursday introduced several new features aimed at making Google Maps more interactive, including one that makes it easier for users to share photos of locations they visit. The changes are just the latest in a string
Continue ReadingAce Hardware wants you to stop blaming your kids for not giving you time to paint over the ugly mustard yellow bathroom walls. So the hardware and paint retailer has come up with a solution. It’s paying for a babysitting search service for customers who need it to get their DIY home painting done. Ace
Continue ReadingTeen Vogue’s newly appointed editor in chief isn’t slated to start until March 24, but she has already issued two apologies this week and has drawn the ire of her soon-to-be staff, advertisers and celebrities. Alexi McCammond, who was a political reporter at Axios before being appointed to lead the Condé Nast-owned progressive magazine last
Continue ReadingThe European Central Bank plans to pick up the pace of its bond buying in the coming months to bolster the region’s lackluster recovery from the coronavirus pandemic and counter a spike in borrowing costs. The central bank said in a statement on Thursday that over the next three months it expects asset purchases under
Continue ReadingCVS has added 12 new states to its Covid-19 vaccine rollout as more supply becomes available. In the last week, CVS has started administering the vaccine to eligible populations in Colorado, Illinois, Kentucky, Minnesota, Missouri, Montana, North Carolina, North Dakota, Nevada, Oklahoma, Utah and Vermont. The company is now administering Covid-19 vaccines in nearly 1,200
Continue ReadingSenior members of the US military took to Twitter late Wednesday and Thursday to call out Fox News host Tucker Carlson for a sexist segment in which he mocked women serving in the armed forces. Carlson, who is effectively the face of Fox and hosts the top show on the right-wing channel, ridiculed President Joe
Continue ReadingIn September, Timnit Gebru, then co-leader of the ethical AI team at Google, sent a private message on Twitter to Emily Bender, a computational linguistics professor at the University of Washington. “Hi Emily, I’m wondering if you’ve written something regarding ethical considerations of large language models or something you could recommend from others?” she asked,
Continue ReadingMolson Coors, the brewer behind the Miller and Coors brands, revealed a “cybersecurity incident” at the company that has disrupted its beer-making operations. The Chicago-based company said in a regulatory filing Thursday that the hack has taken its systems offline, delaying and disrupting parts of Molson Coors’ operations, including its production and shipments. An investigation
Continue ReadingLinkedIn — one of the few Western social media networks available in China — has suspended new sign-ups in the country, but said the decision has nothing to do with a recent cyberattack on parent company Microsoft. Microsoft revealed last week that a group called Hafnium exploited its Exchange email service and was able to
Continue ReadingEveryone has a podcast — even Ikea. The Swedish retailer has transformed its annual bible-sized catalog into an audio version as a “handy and hands-free” alternative to the traditional behemoth. Ikea’s 2021 catalog, which is its final edition ever, is now a nearly four-hour podcast with a narrator flicking through each page and describing what’s
Continue ReadingInvestors are starting to push away anxiety about a spike in prices later this year. But continued calm may hinge on what three people have to say in the next week. What’s happening: Investors will hang on to every word from European Central Bank President Christine Lagarde, Federal Reserve Chair Jerome Powell and Bank of
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A year ago, the Covid-19 pandemic prompted a swift, sweeping lockdown on the United States. It left more than half a million Americans dead and created the sharpest economic contraction on record. Between March and April last year, more than 22 million jobs vanished in the United States. The majority came from the leisure and
Continue ReadingCoupang, South Korea’s biggest e-commerce company, has pulled off the largest US initial public offering so far this year. The SoftBank-backed firm priced its shares Thursday at $35 apiece. That means its IPO will raise nearly $4.6 billion and value the company at around $60 billion, making it one of the world’s most valuable startups.
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