Money

The National Retail Federation is calling on the White House to address the logjam at US ports that is snarling commerce as the economy swiftly recovers from the pandemic. “The supply chain disruption issues, especially the congestion affecting our key maritime ports, are causing significant challenges for America’s retailers,” Matthew Shay, the NRF’s president and

Washington Prime Group, a major mall owner of more than 100 locations across the United States, filed for bankruptcy, citing pandemic-related shutdowns. The Columbus, Ohio-based company filed for Chapter 11 late Sunday, saying Covid-19 “created significant challenges” and that the move is “necessary.” Washington Prime secured $100 million in new funding to support its day-to-day

Attorney General Merrick Garland says he will work to put the Justice Department’s new pledge against spying on journalists into regulation, so that the promise has some teeth. Garland met with executives from CNN, The New York Times and The Washington Post on Monday afternoon in the wake of startling disclosures about the seizure of

YouTube is banning several types of advertisers from one of the most prominent spots on its homepage. The video streaming platform said Monday that it will ban ads related to gambling, alcohol and prescription drugs, as well as political and election ads, from its masthead — the banner displayed at the top of its website

Online grocery shopping is hotter than ever, and Boxed is cashing in: It’s going public in an $887 million deal with a special purpose acquisition company. Boxed, which was founded in 2013 and has 7 million users, delivers wholesale grocery and bulk items to consumers and businesses across the country. The company will merge with

Corporate America must be compelled to fess up about the financial risks posed by the climate crisis, a coalition of state attorneys general told the Securities and Exchange Commission on Monday. In a comment letter obtained exclusively by CNN Business, California and nearly a dozen other states warn that the SEC’s current disclosure rules are

Cannabis company Tilray, which recently merged with rival Aphria, has seen its stock surge as of late thanks to — you guessed it — love from the Reddit crowd. As backers tout the growing number of states legalizing recreational and medical marijuana, some investors are holding out for the dream scenario of federal legalization —

Elon Musk is sending bitcoin’s price on another volatile ride. The price of bitcoin is surging after Tesla CEO Elon Musk tweeted Sunday that the electric car company would start accepting the cryptocurrency again once at least half of it can be mined using clean energy. “When there’s confirmation of reasonable (~50%) clean energy usage

What would you pay to take a jolting, 11-minute trip into suborbital space alongside Jeff Bezos? According to bidders in an auction that wrapped up Saturday, it’s worth $28 million. The company kicked off the auction last month — before it was revealed that billionaire founder and Amazon mogul Bezos, along with his brother Mark

Leaders from CNN, The New York Times and The Washington Post will meet with US Attorney General Merrick Garland on Monday to discuss the Trump administration’s controversial leak investigation that involved seeking reporter records from all three media outlets. The planned meeting comes after the revelation that Department of Justice officials took aggressive steps to

Square Enix, maker of the popular “Final Fantasy” franchise, got off to a rough start with its Sunday afternoon E3:2021 showcase of new games, which opened with developer Eidos Montreal’s “Guardian’s of the Galaxy” title. The game is based on the Guardians of the Galaxy Marvel comic books, which were adapted into a series of

“In the Heights” did not reach the box office heights some thought it would. The film, which is based on Lin-Manuel Miranda’s Tony Award-winning 2008 musical and immerses viewers in New York’s vibrant Washington Heights neighborhood, brought in an estimated $11.4 million for its opening in North America this weekend, according to the film’s studio