Money

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

Mining for bitcoin and other cryptocurrencies is typically done by companies that own massive server farms operating outside of the United States. But cybersecurity firm NortonLifeLock is hoping to bring mining to your desktop. NortonLIfeLock announced Wednesday morning that it is launching a new feature for a select group of early customers of its Norton

American shoppers may want to brace themselves for yet another possible supply crunch — this time with meat. JBS USA, the country’s top beef producer and its second largest producer of pork, suffered a cyberattack this weekend, prompting reported shutdowns at company plants in the United States and globally. On Tuesday evening, an official from

Major meat producer JBS USA suffered a cyberattack on Sunday. The attack affected servers supporting its IT systems in North America and Australia, the company said in a news release. “The company is not aware of any evidence at this time that any customer, supplier or employee data has been compromised or misused as a

Two tweets by Elon Musk in the past two years have run afoul of an agreement with the US Securities and Exchange Commission that Tesla lawyers must pre-approve certain posts he makes on the social media site, according to a report by the Wall Street Journal on Tuesday. The Tesla CEO is known for his

The US Chamber of Commerce on Monday announced a nationwide initiative to address the worker shortage in the US, calling the crisis the most critical and widespread challenge facing businesses. The initiative, called “America Works,” aims to mobilize industry and government to “swiftly address America’s deepening worker shortage crisis.” “The worker shortage is real —

WarnerMedia and Discovery have revealed the name that their soon-to-be-combined companies will take once they are fused together: Warner Bros. Discovery. Discovery CEO David Zaslav announced the name Tuesday to WarnerMedia employees in a conversation hosted by WarnerMedia CEO Jason Kilar. “We thought we need to represent, really, who are we? Who are we? What’s