Money

Nike and other major sponsors have come out in support of tennis star Naomi Osaka following her decision to withdraw from the French Open. The sports apparel giant — who signed a sponsorship deal with Osaka in 2019 — applauded the athlete in a statement on Monday for opening up about her struggle with depression.

Price are rising quickly across huge swaths of the developed world, with inflation in countries that belong to the Organization for Economic Cooperation and Development surging in April to the highest rate since 2008. Energy price hikes boosted average annual inflation across OECD countries to 3.3% in April, compared with 2.4% in March, the Paris-based

Even as meat producer JBS resumed operations at many of its US beef plants nationwide Wednesday after a cyberattack shut down all beef production at facilities around the nation this week, workers like Erika Gutierres remain worried what the disruption might mean for their paychecks. A single mom, Gutierres works on the killing floor at

ExxonMobil said it expects a third activist shareholder will be elected to its board of directors, following a contentious vote. Votes are still being tallied, and the results remain preliminary. But Exxon acknowledged after its shareholder meeting last week that two of its board seats went to climate activist hedge fund Engine No. 1. On

The US government announced new, suspended tariffs on Wednesday against six countries in response to those governments’ digital services taxes, the office of the US Trade Representative said. The six countries subject to the tariffs, which are set at 25% on about $2 billion worth of goods, include Austria, India, Italy, Spain, Turkey and the

Some shoppers may want to brace themselves for yet another possible supply crunch — this time with meat. Major beef and pork producer JBS USA suffered a cyberattack last weekend, prompting reported shutdowns at company plants in North America and Australia. The White House has said that the ransomware attack was likely carried out by

The hits keep coming. Shares of AMC — the largest movie theater chain in the world — surged more than 120% Wednesday to a new peak above $70 before falling back slightly. Trading of the shares was halted twice due to volatility. The stock closed Wednesday at $62.55, up 95% for the day. The popular

A ransomware attack has disrupted ferry services in Cape Cod, Martha’s Vineyard and Nantucket. The region’s Steamship Authority announced Wednesday on Twitter that it has “been the target of a ransomware attack that is affecting operations” and said passengers might experience service delays. No ferries have been canceled, however, which is good news for travelers

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Tuesday was the first day since March 2020 that fellow media reporter Oliver Darcy and I sat in the office and called sources and brainstormed stories and swapped info and gossiped and did all those

Ally Bank announced Wednesday that it is eliminating overdraft fees — a key source of revenue for banks but a burdensome charge for customers. “Overdraft fees are a pain point for many consumers but are particularly onerous for some,” Ally Financial CEO Jeffrey Brown said in a press release. “It is time to end them,”

Dollar store chains are starting to offer fresh groceries at some stores after years of criticism that they don’t provide enough healthy food options for their customers. Family Dollar has started selling apples, oranges, onions, potatoes, and other fruit and vegetables, and frozen poultry, pork and beef at approximately 100 of its more than 7,000

The blog page that former President Donald Trump launched less than one month ago, after his team suggested he’d be launching a major new social platform, has been permanently shuttered. Jason Miller, a senior aide to Trump, told CNBC that the page “will not be returning.” Miller confirmed to CNN that the page had been

After struggling in recent months, companies that focus on the booming marijuana sector could be primed for a takeoff. What’s happening: Everyday investors are increasingly excited about legislation in Washington that could dramatically change US marijuana policy. And on Tuesday,Amazon announced its support for the federal legalization of marijuana — indicating a growing willingness in

By now, you’ve probably heard of a cyberattack involving JBS — one of the country’s largest meat producers. But what is JBS? And what happened? And where, exactly, is the beef? Here’s what we know: What is JBS? JBS USA is part of JBS Foods, which is one of the world’s largest food companies. It

Amazon announced Tuesday it supports the federal legalization of marijuana, and that the company is revising a controversial workplace policy critics say has been used to keep employees working at a breakneck pace. The twin announcements, Amazon said, are aimed at reiterating the company’s commitment to being an attractive employer. In a blog post, Dave

After a big box office weekend for “A Quiet Place,” AMC stock was making a lot of noise on Tuesday. Shares of AMC Entertainment shot up roughly 20% in trading on Tuesday. It’s welcome news for the beleaguered theater chain, the biggest in the world, as it attempts to rebound from the coronavirus pandemic. The

Meat producer JBS closed nine of its US beef processing plants on Tuesday following a cyberattack that took down its IT systems, but the company plans to restore operations on Wednesday and has told employees to return to work. Facebook pages that purport to represent several JBS beef facilities across various parts of the country