Money

Hackers are holding one of America’s most important pipelines hostage, a stunning development that should serve as a warning to even bigger targets: the nation’s financial industry. The nightmare scenario is that a Colonial Pipeline-style ransomware attack disrupts major banks or even financial markets, dealing a blow to the flow of money and confidence in

The supply chain shortage just got fowl: Chick-fil-A is limiting the number of sauces it’s giving out to customers because of limited stock. The chicken chain said Wednesday that industry-wide supply chain issues, which are affecting essentially every aspect of the economy, has resulted in a “shortage of select items” that Chick-fil-A serves, including sauces.

A devastating ransomware attack on a critical fuel pipeline in the United States has highlighted the growing threat that cyber criminals pose to the world’s largest corporations and strategic infrastructure. It also raises a thorny question: should companies held to ransom yield to extortionists or resist making payments? Often it’s a choice between regaining access

Chickens are in short supply. Part of the blame goes to Tyson’s roosters. The meat processor, which sells poultry along with beef and pork, said that its chicken volumes have been low in part because the roosters it uses for breeding are not meeting expectations. “We’re changing out a male that, quite frankly, we made

Just about everything is getting more expensive in the United States as the stimulus-fueled economy rebounds and Americans are again spending on shopping, traveling and eating out. But the pandemic is far from over, and supply-chain woes mean supply isn’t meeting demand — sending prices even higher. Nearly all major components of the government’s inflation

The US government will no longer blacklist Chinese smartphone maker Xiaomi, lifting a short and contentious ban on Americans investing in the company that was introduced by the Trump administration. The US Department of Defense and Xiaomi reached an agreement to set aside the ban on Tuesday, according to a US court filing. The “parties

Just about everything is getting more expensive in the United States as the stimulus-fueled economy rebounds, sending Americans back to shops and restaurants. But the pandemic is far from over, and supply-chain woes mean supply isn’t meeting demand — sending prices even higher. US consumer prices in April increased 4.2% from a year earlier, more

We’ve all missed live concerts, weekend getaways and long vacations in the sun. Finally, thanks to coronavirus vaccination campaigns, such activities seem possible again, encouraging investors to pile into travel and entertainment stocks. But a closer look at what many of these companies are saying shows that 2022, and not 2021, may be where most

More people are refreshing their wardrobes at department stores again as they head back into restaurants and offices. That’s great news for stores like Macy’s, Nordstrom and Kohl’s— but the comeback is probably fleeting. Top department store chains say they are benefiting from built-up demand among consumers after a year in which many shoppers stayed

A growing number of gas stations along the East Coast are without fuel as nervous drivers aggressively fill up their tanks following a ransomware attack that shut down the Colonial Pipeline, a critical artery for gasoline. The panic-buying threatens to exacerbate the supply shock. As of 9 pm ET Tuesday, 12.3% of gas stations in

China is growing fast — but the workforce powering its economic rise is shrinking. Census data released Tuesday showed that China’s total population rose by 5.8% over the past decade — the slowest pace of growth since at least the 1960s. It also showed the country’s labor force is getting smaller. The number of people

Tesla’s recent run of bad publicity in China is apparently hurting its sales there, raising investor concerns. The electric car leader sold fewer than 26,000 cars in China in April, down 27% from March, according to figures released by the China Passenger Car Association. The drop came as Chinese electric vehicle manufacturers such as Nio,

IBM is on a tear under the leadership of new CEO Arvind Krishna: It created the world’s smallest microchip and Tuesday it announced new AI capabilities at its annual Think event. The company is also a prominent voice in the fight against hackers — like the ones that took down the Colonial Pipeline over the