Home »
The latest Business News: breaking personal finance, company, financial and economic news, plus insight and analysis into UK and global markets.
New York (CNN Business)The Biden administration is making a concerted effort to ease the extreme stress on supply chains that is causing sticker shock, leaving store shelves empty and creating lengthy shipping delays. The centerpiece is a 90-day sprint, announced Wednesday, aimed at unclogging port congestion by moving the Port of Los Angeles, one of the most congested ports on […]
Read more
With its strike clock ticking inexorably toward 12:01 Monday morning, IATSE said today that it still hopes to make a deal with the AMPTP but warned that “if the studios want a fight, they poked the wrong bear.” “Strikes are a disruptive tool workers are forced into using when all their other options have been exhausted,” the union said in […]
Read more
NEW YORK (Reuters) – U.S. shares rallied on Thursday as strong bank earnings reports fired up investors’ risk appetites, while the dollar and benchmark Treasury yields both paused their recent ascent to pull back from multi-month highs.FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 6, 2021. REUTERS/Brendan McDermid/File […]
Read more
Walgreens Boots Alliance is becoming the majority owner of VillageMD, as it opens hundreds of doctor offices with the primary-care company. It plans to have at least 600 primary-care clinics in more than 30 U.S. markets by 2025 and 1,000 by 2027. The deal is part of an effort to turn neighborhood drugstores into health-care destinations with doctors who provide […]
Read more
McDonald's will test the meatless McPlant burger created as part of its partnership with Beyond Meat in eight U.S. restaurants next month. Other restaurant chains have been quicker to launch plant-based meat items on their menus, but McDonald's has taken a more cautious approach. The fast-food giant has already started selling McPlant burgers in some international markets, including Sweden, Denmark, […]
Read more
LONDON (Reuters) – The dollar edged down against major peers on Thursday, reaching its lowest level in 10 days in a pullback from its recent rally, while the Australian and New Zealand dollars rose.FILE PHOTO: U.S. One dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. REUTERS/Dado Ruvic/IllustrationExpectations that the U.S. Federal […]
Read more
GENEVA (Reuters) – U.S. Trade Representative Katherine Tai on Thursday affirmed the Biden administration’s commitment to the World Trade Organization (WTO), saying that reforms were possible as the body readies for a major ministerial conference next month.FILE PHOTO: U.S. Trade Representative Katherine Tai testifies before the Senate Finance Committee on Capitol Hill in Washington, U.S., May 12, 2021. Susan Walsh/Pool […]
Read more
United Airlines has teamed with digital payments firm PayPal to introduce QR Codes as inflight payment option, to facilitate contactless payments amid the ongoing Covid-19 pandemic. Starting next month, United customers on select flights can make touch-free inflight purchases while on board by just scanning a QR code – with or without Wi-Fi. The customers can simply show a flight […]
Read more
Girls Inc., a non-profit organization dedicated to empowering young women, has elected Gossip Girl and Nancy Drew executive producer and showrunner Stephanie Savage to its National Board of Directors. Savage, who has been an avid supporter of the non-profit, joins fellow newly elected board directors Alex Calicchia, president & CEO, Hive Partners; Courtney N. Naudo, Vice President, Walmart International; and […]
Read more
TOKYO (Reuters) – The dollar touched its lowest this week against major peers on Thursday, taking a breather from a rally that had lifted it to a one-year high powered by expectations for quicker Federal Reserve interest rate hikes.FILE PHOTO: U.S. One dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. REUTERS/Dado […]
Read more