Money

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. More than 500,000 Americans dead from Covid. More than 500,000 lives cut short by a pandemic the rest of us will never forget. Journalists are stretching for words and illustrations and imagery to meet the

Federal regulators are looking closely at the Texas energy market after natural gas prices rocketed during last week’s deep freeze. And they’re warning that extreme weather will continue to stress the power grid. “We are monitoring irregularities in the Texas energy markets following last week’s freeze,” Rostin Behnam, acting chair of the Commodity Futures Trading

Oatly, the popular oat milk maker backed by Oprah, is making plans to go public. The Swedish company said it filed confidential IPO forms with the SEC, the company said in a statement Tuesday. The move is “the first official step towards pursuing a potential IPO,” said Sara Fletcher, an Oatly spokesperson. The price and

Ahmed Zaki Yamani, the long-serving Saudi oil minister who masterminded an OPEC embargo that plunged western economies into recession in 1973, has died at the age of 90, Saudi state TV reported on Tuesday. Yamani became Saudi oil minister in 1962, a rare instance of someone from outside the Royal Family being promoted to such

Victoria Richardson turns away from her favorite show, “Chicago Med,” every time a plotline revolves around the coronavirus pandemic. The educator, who lives in the Bronx borough of New York City, says such scenes are upsetting after the loss of her grandmother to Covid-19. Ashley Sanford, a makeup artist in Detroit, also cringes every time

The pandemic has slammed Macy’s and other department stores. But signs of a recovery are beginning to emerge. Macy’s said Tuesday that it turned a profit for the first time in the pandemic, making $160 million during the 13 weeks ending on January 30, down from $340 million during the same stretch a year ago.

Bitcoin’s roller coaster ride continues. The top cryptocurrency surged to a new all-time high above $58,000 on Sunday but fell to just above $46,000 in early trading Tuesday morning. The move followed skeptical comments from Tesla CEO Elon Musk, Treasury Secretary Janet Yellen and Microsoft co-founder Bill Gates. Prices stabilized around $48,000 in early trading

When Michelle Gass took over as Kohl’s CEO in 2018, she tried getting creative to bring more shoppers into stores. The company had just struck a deal with Amazon the previous year to allow customers to bring their returns to select Kohl’s locations. The hope was that the deal would attract younger consumers who would

Jay-Z and luxury goods giant LVMH have a reason to break out the bubbly. LVMH, which owns Dom Pérignon and Moët & Chandon, has taken a 50% stake in Jay-Z’s Champagne brand Armand de Brignac, also known as “Ace of Spades.” The terms of the deal were not disclosed. The partnership comes at a time

Companies are now being forced to answer a question that was until recently mostly hypothetical. Should they require their employees to get a coronavirus vaccine, or incentivize them to get the shot? British business is at the forefront of the debate. While vaccination programs are accelerating in many countries, Britain is among the most advanced.

Dominion Voting Systems, the election technology company that has been the focus of debunked conspiracy theories about election fraud, is suing MyPillow and its CEO Mike Lindell. The company is seeking about $1.3 billion in damages for Lindell’s numerous unfounded public statements by allies of former President Donald Trump that Dominion rigged its machines in

Airlines in the United States, South Korea and Japan have grounded dozens of Boeing 777 aircraft after one of the jets suffered engine failure Saturday, sending debris crashing down over Denver. Boeing on Sunday recommended that airlines stop flying versions of the aircraft that are equipped with Pratt & Whitney 4000-112 engines while US authorities

Nearly 30,000 Macs worldwide have been infected with mysterious malware, according to researchers at security firm Red Canary. The issue was somewhat confounding to Red Canary researchers, who said it’s not clear what the malware’s goal is. In a blog post, the firm said it did not observe the malware delivering “malicious payloads” — essentially,

Late last year it seemed Boeing was finally on the verge of moving past some of the biggest challenges in its history. US regulators lifted the 20-month grounding of the 737 Max, and Covid-19 vaccine approvals raised hopes for back-to-normal demand for air travel and aircraft purchases. But now Boeing faces perhaps a more serious

Kieran Cain was playing basketball with his kids Saturday afternoon at an elementary school in greater Denver when he heard what sounded like a sonic boom and looked up. “We could see there was a giant black cloud of smoke high up in the sky, immediately followed by, you know what looked like pieces of

Uncle Sam is in search for a pot of gold that could ease the pain of trillion-dollar deficits. And some believe Wall Street might just have the answer. For more than a decade, progressives have tried and failed to impose a financial transaction tax. But there is new momentum for such a levy as the