Money

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

Restaurants are struggling to hire workers, so some, including Chipotle, are trying to sweeten the pot with higher pay and bigger career opportunities. Chipotle is increasing the pay of its restaurant workers to an average of $15 per hour, the chain announced Monday. Some employees will become eligible to make a six-figure salary after just

American Airlines is adding stops on two long-range flights out of Charlotte, North Carolina, in response to fuel supply chain disruptions caused by the shutdown of the massive Colonial Pipeline. One route is normally a nonstop Charlotte-to-Honolulu flight, which will now stop in Dallas to have passengers switch to a different plane. The other is

The Washington Post has selected Sally Buzbee, executive editor and senior vice president at the Associated Press, as its new top editor. Buzbee replaces Marty Baron, who left the job in February. She will be the first woman to run the news organization, according to the Post. Buzbee has worked at the AP since 1988,

Target is launching its own line of plant-based foods as demand continues to grow for meat and dairy alternatives. The new assortment includes more than 30 foods including vegan spreads, almondmilk creamer, oat milk, plant-based dips and meat and chicken alternatives. Target describes the new collection as “on-trend, flavorful, high-quality options at incredible value,” with

McDonald’s is partnering with the White House to promote vaccination information on its coffee cups as hesitancy grows about taking the potentially life-saving shot. Beginning in July, customers in the United States will see redesigned McCafe cups and delivery seal stickers that features “We Can Do This,” a slogan created by the US Department of

Together, Bill and Melinda Gates were one of the richest and most philanthropic couples in the world. After splitting, they will be two of the wealthiest individuals in the world. With decades of philanthropic involvement under her belt, Melinda Gates has become something of a philanthropic role model. And her divorce from Bill Gates opens