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Last year, people were stockpiling food and essentials at stores and ordering a lot more groceries online. That was great news for America’s biggest grocery chains. Now companies say the pandemic-time boom is over. Kroger, the largest supermarket chain in this country, said Thursday that it expects comparable sales, or sales at stores open for

Oh, the places Dr. Seuss books will go after they ignite controversy. This week, Dr. Seuss Enterprises announced that six books penned by the children’s author will no longer be published because of the “hurtful and wrong” ways characters of color are portrayed. Now, Dr. Seuss books have soared to the top of Amazon’s bestseller

Arriving late to the streaming wars is apparently better than never getting involved in them at all. That’s what investors seem to think, at least. Just look at the huge stock gains for ViacomCBS and Discovery so far in 2021. The Paramount+ streaming network finally launched Thursday after a lot of fanfare, including investors sending

The South Side of Chicago isn’t typically a place where major companies look to open corporate offices. Most of the city’s Fortune 500 firms are located downtown — with views of the Chicago River or Lake Michigan — or in the nearby suburbs. Then there’s Discover, the credit card and financial services company based in

Central banks are usually tasked with keeping inflation in check, while promoting economic growth and employment. Now, add fighting the climate crisis to the list. On Wednesday, the Bank of England was given a new mandate to support the UK government’s ambition to become a net zero economy by 2050. “I am today updating the

Paramount is one of the most iconic studios in Hollywood, but can the name “Paramount” translate to streaming? ViacomCBS is banking on it. Paramount+, the rebranded service from ViacomCBS, launches Thursday with a lot of content from the company’s biggest brands, including TV shows and movies from Paramount Pictures, CBS, Nickelodeon, and MTV as well

The Disney Store, once a mall mainstay, is drastically reducing the number of locations it has in the United States and Canada. Disney said it’s closing at least 60 stores in North America, amounting to about 35% of its locations in the region. Moving forward, Disney is placing a larger emphasis on its e-commerce business

In the wake of the GameStop stock trading frenzy, the Biden administration recently said it’s worth evaluating the impact of a tax on financial transactions, which would include the purchases and sales of stocks, bonds and derivative contracts, such as options and futures. Some claim such a tax could stabilize markets and raise revenue. They

Hong Kong has been booted off an index of economic freedom that it used to lead, dealing another blow to the city’s standing as a global business hub. On Wednesday, the Heritage Foundation, a conservative Washington think tank, revealed its annual ranking of the world’s freest economies, leaving the former British colony off the list.

Global stocks are falling as a bond sell-off continues to rattle markets. Hong Kong’s Hang Seng Index led losses in Asia Pacific, tumbling nearly 2.2% on Thursday. The Shanghai Composite and Japan’s Nikkei 225 each fell roughly 2.1%, while South Korea’s Kospi and Australia’s S&P/ASX 200 lost 1.3% and 0.8%, respectively. European stocks fell in

Asian stocks are falling Thursday as a bond sell-off continues to rattle markets. Hong Kong’s Hang Seng Index was last down 2.5%, while Japan’s Nikkei 225 fell 2.3%, accelerating from earlier losses. The Shanghai Composite dropped 1.9%. South Korea’s Kospi and Australia’s S&P/ASX 200 lost 1.1% and 0.8% respectively. The declines in Asia Pacific follow

A SpaceX rocket prototype, known as SN10, soared over South Texas during test flight Wednesday before swooping down to a pinpoint landing near its launch site. Approximately three minutes after landing, however, multiple independent video feeds showed the rocket exploding on its landing pad. SpaceX’s SN10, an early prototype of the company’s Starship Mars rocket,

US Olympians Sue Bird, Alex Morgan, Simone Manuel and Chloe Kim have teamed up to launch a new company aimed at focusing attention on women in sports and the media. They announced Tuesday the formation of TOGETHXR, which they described as a media and commerce company aimed at Gen Z and young millennial women. “This

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