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It took them a few hours, but investors finally decided that good economic news is good for Wall Street. The Dow skyrocketed more than 570 points, or 1.9%, Friday. It was a wild day for stocks, with the Dow surging more than 300 points after the opening bell before briefly turning negative in the late

Reddit has hired its first-ever chief financial officer. The company announced Friday it appointed Drew Vollero to the position — weeks after the site was thrust into the spotlight because of its role in the GameStop trading frenzy. Vollero’s appointment adds to speculation about a Reddit initial public offering, a move its senior leaders have

It took them a few hours, but investors finally decided that good economic news is good for Wall Street. The Dow was up more than 500 points, or 1.7%, in late afternoon trading. It was a wild day for stocks, with the Dow surging more than 300 points after the opening bell before briefly turning

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. On Thursday I devoured a column by political thinker Lee Drutman, for 538, titled “How Much Longer Can This Era Of Political Gridlock Last?” His answer was, in essence, that hyper-partisan politics are here to

Jeep’s new boss says the company is open to dropping the name “Cherokee” from its vehicles in response to objections from the Cherokee Nation. The company is engaged in talks with officials from the Native American tribe, according to Carlos Tavares, CEO of Stellantis, the recently merged automaker that includes the Jeep brand. Tavares made

The United States and European Union have agreed to suspend for four months all tariffs related to the long-running dispute over subsidies to Boeing and Airbus. The suspended tariffs mark a first step toward repairing a transatlantic trade partnership that’s been strained for nearly 17 years by complaints on both sides about subsidies to the

Investors can’t decide if good economic news is good for Wall Street. Although stocks opened sharply higher following a solid February jobs report Friday, with 379,000 jobs added last month, the market has been on a wild ride ever since. The Dow was up nearly 350 points, or 1.1%, at midday which was near its

Jeep’s new boss says the company is open to dropping the name “Cherokee” from its vehicles in response to objections from the Cherokee Nation. The company is engaged in talks with officials from the Native American tribe, according to Carlos Tavares, CEO of Stellantis, the recently merged automaker that includes the Jeep brand. Tavares made

Twitter is working on a feature that could offer users a short window of time to rethink posting a tweet even after they hit send. The company confirmed to CNN Business on Friday it is testing an undo option that would potentially let users retract or correct a tweet before it’s officially posted on the

Like many across the United States, Deanne Primozic Kasim watched her mother struggle to secure a vaccine appointment online. Then, she turned to a service that’s become a lifeline for many in the pandemic: Nextdoor. On the hyperlocal social network, where neighbors connect with neighbors, Kasim, who works on health policy and government affairs, came

After a year of relief, robocalls are back up to pre-pandemic levels. Americans received more than 4.6 billion robocalls in February, up 15% compared to January, according to new data from YouMail, a robocall-prevention service that tracks robocall traffic across the United States. About 159.1 million robocalls were placed each day last month. This marked

So much for good economic news actually being treated as good news on Wall Street. Although stocks opened sharply higher following a solid February jobs report Friday, with 379,000 jobs added last month, the enthusiasm quickly faded in what has turned out to be a volatile day of trading. The Dow climbed more than 300

So much for good economic news actually being treated as good news on Wall Street. Although stocks opened sharply higher following a solid February jobs report Friday, with 379,000 jobs added last month, the enthusiasm quickly faded. The Dow climbed more than 300 points after the opening bell, or 1%, while the S&P 500 and

The pandemic, now in the beginning of its second year, has had a notable and unequal effect on Americans’ financial well-being. While some people have lost jobs and income, others seem to be thriving. And the chances of falling into either camp vary by income, age, race or ethnicity and gender, according to findings from

It looks like good economic news is actually being treated as good news on Wall Street. Stocks opened sharply higher following a solid February jobs report Friday, with 379,000 jobs added last month. The Dow rose more than 300 points, or 1%, while the S&P 500 and the Nasdaq each rose about 1% as well.

A wave of anxiety is sweeping through stock and bond markets as investors prepare to enter a new phase of the pandemic. What’s happening: Concerns are growing that a strong economic recovery later this year will cause a spike in inflation. That’s sparked a selloff in government bonds. When prices fall, yields rise, which weighs

A record number of stores are closing across America. One discount clothing chain thinks it can step in to fill some of those vacancies. Burlington Stores plans to open 100 new stores this year and sees an opportunity to reach 2,000 US stores in the future, the company said Thursday. Previously, Burlington (formerly known as

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