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Those betting on an economic boom in the United States this spring and summer just got a dose of very good news. What’s happening: President Joe Biden has announced that the United States will have enough vaccine supply for every adult by the end of May after Merck agreed to help manufacture a recently authorized

Las Vegas Sands Corp., the upscale resort and casino company founded by the late Sheldon Adelson, is leaving its namesake city and selling its two Nevada properties in a $6.25 billion deal. Apollo Global Management and Vici Properties are partnering to buy the Venetian, a 7,000 room resort on the Las Vegas Strip, and the

Wall Street threw a fit last week when Treasury rates spiked. The stock market tanked and investors feared the economy was overheating. Former New York Fed President Bill Dudley is warning that the temper tantrums are only just beginning. “They want the economy to overheat,” Dudley told CNN Business, referring to the Fed. “And my

When Bill Liang realized that popular video download and streaming service Renren Yingshi might be gone for good his heart sank. The website, also known as YYeTs.com, was how the 24-year-old film school student was able to watch hundreds of episodes of pirated American TV shows when he was growing up in northern China. But

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. The vaccine story is about to shift into a new phase. President Biden announced on Tuesday that by the end of May, the US will have a large enough supply to vaccinate every American. Which

Rio Tinto Chairman Simon Thompson is stepping down over the company’s destruction of a 46,000-year-old, sacred Indigenous site in Australia, becoming the latest in a string of departures connected to the event. Thompson, who has chaired the company since 2018, has told Rio Tinto’s board that he will not seek re-election in 2022, according to

Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. Tonight: 4G and 5G cell towers are everywhere, really; Reese’s new peanut butter cups are missing a key ingredient; and China sounds the alarm on the market bubble. Let’s get into

Square, the financial payments firm run by Jack Dorsey, launched an in-house bank that it says will allow it to “operate more nimbly” in an increasingly crowded fintech market. The firm announced Monday that the bank has begun operations after completing the charter approval process with the Federal Deposit Insurance Corporation (FDIC) and the Utah

The Republican base’s commitment to former president Donald Trump showed up like a fist in the air in Sunday’s television ratings. The ratings for Fox News Channel, which have been relatively weak since Trump lost the election last November, spiked Sunday afternoon when he was scheduled to address the CPAC convention in Orlando, Florida. Fox

For years, artificial cacti have lined the sandy roadsides of North Scottsdale, Arizona. They look real at first glance but tucked inside are antennas and radio equipment that provide 4G LTE wireless connectivity to the area. Large concealment structures like this, which in this case are about 24 feet tall, have become so good it’s

Square, the financial payments firm run by Jack Dorsey, launched an in-house bank that it says will allow it to “operate more nimbly” in an increasingly crowded fintech market. The firm announced Monday that the bank has begun operations after completing the charter approval process with the Federal Deposit Insurance Corporation (FDIC) and the Utah

Inflation concerns have led to more volatility in the stock and bond markets of late. That should be good news for gold, a tangible asset with a limited supply that often does well in times of inflation. Central banks can always print more money. Miners can’t just magically create more gold. But gold has recently

Kayleigh McEnany, the last White House press secretary under the Trump administration, is joining Fox News as an on-air contributor. “It is my distinct pleasure today to welcome Kayleigh McEnany to the Fox family. We will be seeing much more of her in the future,” Fox News host Harris Faulkner said on her show Tuesday.

By the end of the decade, the only Volvo you’ll be able to purchase will be electric. And you’ll only be able to buy it online. The Chinese-owned carmaker announced plans on Tuesday to stop selling cars that run on fossil fuels by 2030, part of an accelerating trend within the industry to respond to

The pandemic drove Target to a record year of sales growth, as shoppers stocked up at its stores and bought online. Target’s 2020 sales increased 19.8% to $93.6 billion from $78.1 billion last year, the company said Tuesday. Digital sales, which include home delivery and in-store pickup, increased 145%. Target’s sales growth of more than

Reporters Without Borders has filed a criminal complaint in Germany accusing Crown Prince Mohammed bin Salman and other Saudi officials of committing crimes against humanity in the killing of Jamal Khashoggi and the detention of 34 other journalists. The Paris-based media advocacy group said in a statement that it had filed the complaint with a

Amazon has quietly changed the design of its new app icon, replacing the blue ribbon on top that drew some unfavorable comparisons. Users of the Amazon Shopping app will now see a brown box that resembles a parcel with a blue strip that looks like packaging tape above the company’s signature arrow in the shape