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One encouraging sign that the pandemic-time panic among consumers has abated: Americans have stopped hoarding toilet paper, kitchen towels and wipes. Sales of toilet paper dropped 32.7% in the 12 weeks ending April 3 from the same period a year ago, according to market research firm NielsenIQ, which tracks point of sale data from retailers.

Egyptian authorities have seized a massive cargo ship which blocked the Suez Canal for almost a week last month, amid a dispute over financial damages, the state-run Al Ahram news outlet said on Tuesday. An Egyptian court ordered the vessel’s Japanese owner, Shoei Kisen Kaisha, to pay $900 million in compensation as a result of

The pause in Johnson & Johnson’s Covid-19 vaccine rollout could have a significant impact on the US — but not in the way you might think. Practically speaking, the effect is likely to be minimal. Even if the pause is prolonged, the US hasn’t relied very heavily on J&J’s vaccine, and the government said the

White Claw’s newest product is even boozier than the original. Surge, a new hard seltzer which is now rolling out in the United States, is sold in 16-ounce cans, each with 8% alcohol by volume. The product comes in blood orange and cranberry flavors and costs up to $2.99 per can. In addition to Surge,

One encouraging sign that the pandemic-time panic among consumers is abating: Americans are no longer hoarding toilet paper, kitchen towels and wipes. Sales of toilet paper dropped 32.7% in the 12 weeks ending April 3 from the same period a year ago, according to market research firm NielsenIQ, which tracks point of sale data from

Wall Street has been riding high as America’s vaccination program exceeded expectations, lifting prospects of a speedy economic recovery. But a potential major disruption to that campaign overshadowed optimism on Tuesday and investors hit the brakes. US stocks finished the day mixed, with the Dow in the red after the United States urged a pause

Apple is set to host its first product launch of the year next week, and it’s expected that it will be announcing an updated iPad Pro as well as new AirPods. The company on Tuesday sent out press invitations for a virtual event — with the tagline “Spring Loaded” — that will take place on

New Zealand is set to consider legislation that would require banks, insurers and asset managers to disclose the impacts of climate change on their businesses as the country tries to slash its carbon emissions. The government said in a statement Tuesday that the bill is the first of its kind to be proposed anywhere in

The robots are coming, and they’re bringing pizza. This week, Domino’s is rolling out a robot car delivery service to select customers in Houston. For those who opt in, their pies will arrive in a fully autonomous vehicle made by Nuro. Here’s how it works: Customers in the Woodland Heights neighborhood of Houston can choose

Wall Street has been riding high as America’s vaccination program exceeded expectations, lifting prospects of a speedy economic recovery. But a potential major disruption to that campaign overshadowed optimism on Tuesday and investors hit the brakes. US stocks were mixed at midday, with the Dow in the red after the United States urged a pause

As the vaccine rollout continues to accelerate and the broader US economy prepares to reopen, talk of vaccine verification apps has heated up. Tech companies, health care providers and even retail stores are working on digital health pass apps that will allow users to show proof of vaccination before entering events and businesses. The state

Not too long ago, most big startups looking to debut on Wall Street chose to sell new shares through an initial public offering. But IPOs are no longer the only viable way for a privately held companies to start trading their stock. Many high-profile businesses are increasingly using so-called blank check mergers with special purpose

Wall Street has been a bundle of nerves about potential spikes in inflation since Democrats passed $1.9 trillion in economic stimulus last month. And on Tuesday, some of the first signs of inflation came to pass. Consumer prices for March rose 2.6% compared to the same month last year. They were lifted in particular by

Wall Street has been riding high as America’s vaccination program exceeded expectations, lifting prospects of a speedy economic recovery. But a potential major disruption to that campaign sent stocks in reverse Tuesday. US stock futures fell after the United States urged a pause to the one-dose Johnson & Johnson Covid-19 vaccine. Stock futures had previously

There’s a new member in the pantheon of the worst-named companies in history. Introducing “Kyndryl.” That is the actual name of the IT services unit that IBM is spinning off from its core business. Soon, the 90,000 employees affected by the change will no longer say they work for “IBM” — perhaps one of the

No one knows for sure what the post-coronavirus era holds. But businesses are doing their best to get ready, announcing a wave of mergers and takeover bids designed to prepare them for what’s next. What’s happening: Global mergers and acquisitions worth $1.3 trillion were announced during the first three months of the year, according to

Intel has a plan to help alleviate the global chip shortage that has hampered the automotive industry, among others. CEO Pat Gelsinger told Reuters on Monday that Intel is in talks with companies that design chips for carmakers about manufacturing those chips in its factories. Intel could be producing the chips within six to nine