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Robinhood raises less than it had hoped in IPO
Kimberly White/Getty Images for Robinhood

Robinhood raises less than it had hoped in IPO

Robinhood’s highly-anticipated debut on Wall Street is getting off to a rough start. The fast-growing trading company failed to raise as much money as it had hoped. Robinhood’s initial public offering priced at $38 a share, the low end of the expected range. That suggests demand for the controversial company may have been softer than…

These companies are requiring Covid-19 vaccines for their employees
Ethan Miller/Getty Images

These companies are requiring Covid-19 vaccines for their employees

After months of encouraging employees to get vaccinated against Covid-19, companies are beginning to take a harder line and roll out mandates — a dramatic escalation of Corporate America’s approach to halting the spread of the virus. Momentum for vaccine mandates has been building, and President Joe Biden was expected on Thursday to announce a…

Why rising coffee prices won’t change what you pay for Starbucks drinks
Scott Olson/Getty Images

Why rising coffee prices won’t change what you pay for Starbucks drinks

Coffee prices are surging. But that won’t make a difference in how much you spend on a cup of joe at Starbucks. Higher input costs have been prompting companies across industries to charge their customers more. Household furnishings are more expensive. Cereal boxes are shrinking will prices stay the same or grow. And restaurants from…

New CDC mask guidance throws stores’ policies into flux
Marcio Jose Sanchez/AP

New CDC mask guidance throws stores’ policies into flux

Stores are re-evaluating their mask policies after the US Centers for Disease Control and Prevention updated guidance Tuesday to recommend that fully vaccinated people wear masks indoors in areas with high transmission of Covid-19, which includes nearly two-thirds of all US counties. The CDC’s new guidance was in response to the rising spread of the…

Managers will have to enforce rules for unvaccinated employees, and it won’t be easy

Managers will have to enforce rules for unvaccinated employees, and it won’t be easy

Most employers have not outright mandated Covid vaccines as a condition of employment for their current staff … at least not yet. Instead, many have “strongly encouraged” employees to get vaccinated and, in some cases, incentivized them with things like cash or more time off. But given the precipitous rise in Covid cases thanks to…

Fed says Delta won’t ruin the recovery. But we’re still a long way from normal
Al Drago/Bloomberg/Getty Images

Fed says Delta won’t ruin the recovery. But we’re still a long way from normal

The Federal Reserve left interest rates and monetary policy unchanged on Wednesday, pointing to the nation’s as yet incomplete economic recovery. “The path of the economy continues to depend on the course of the virus,” the central bank said in a statement. While vaccinations are helping to limit the virus and its impact on the…

Simone Biles’ sponsors stand by her after she withdraws from Olympic events
Ashley Landis/AP

Simone Biles’ sponsors stand by her after she withdraws from Olympic events

Simone Biles’ sponsors offered statements of support Wednesday following her decision to pull out of Thursday’s individual, all-around gymnastics competition at the Tokyo Olympics. The 24-year-old champion cited mental health concerns as the reason for her earlier withdrawal from Tuesday’s team competition during interviews with reporters in Tokyo. Biles may still compete in next week’s…

Critical jobs are going unfilled. 5 things workers want from employers now

Critical jobs are going unfilled. 5 things workers want from employers now

As the economy continues to reopen, labor market turbulence is on the rise. Workers are leaving their jobs in favor of new careers or locations, and some aren’t going back to work at all, leaving critical jobs unfilled. To deal with labor shortages, employers must go beyond the basics of pay and benefits. Money is…

The Great American Car Shortage won’t be over for months
Jeffrey Scott Dean/Bloomberg/Getty Images

The Great American Car Shortage won’t be over for months

New car inventories, strained for months by a global semiconductor shortage and supply chain disruptions, aren’t expected to begin recovering until September -— and will remain well below their pre-pandemic levels through next year, according to Goldman Sachs. Automakers in recent weeks have sharply revised down their production schedules as they struggle to work around…

The pandemic killed traditional menus and brought QR codes back to life

The pandemic killed traditional menus and brought QR codes back to life

Restaurant menus got a makeover thanks to Covid: Now, placing your order means simply whipping out your phone and scanning a Quick Response code. QR codes are all the rage now, but the technology behind them is hardly new. They were invented in Japan in the 1990s as a sort of bar code that populates…

Advocacy group sues Johnson & Johnson over products marketed to Black women,  alleging cancer link
CNN

Advocacy group sues Johnson & Johnson over products marketed to Black women, alleging cancer link

A Black women’s advocacy group filed a lawsuit Tuesday accusing Johnson & Johnson of selectively marketing the company’s talcum-based products, including Johnson’s Baby Powder, to African-American women despite knowing for years that the items had been linked to ovarian cancer, an allegation J&J denies. The pharma giant sold talc-based powder for more than a century,…

The Porsche dynasty is taking on Jeff Bezos and Elon Musk in space
Isar Aerospace

The Porsche dynasty is taking on Jeff Bezos and Elon Musk in space

Porsche SE, the family holding company that controls Volkswagen Group, is the latest big investor to bet on space’s crucial role in developing future technologies. The company, controlled by the related Porsche and Piëch families that turned Volkswagen into a global powerhouse, on Wednesday unveiled an investment into Germany’s Isar Aerospace, a space startup attempting…

The economy is still not back to normal. The Delta variant won’t make it easier
Erin Clark/The Boston Globe/Getty Images

The economy is still not back to normal. The Delta variant won’t make it easier

America’s economy isn’t back to normal yet, and much of the recovery depends on consumers: how much they’re spending, how much they decide to participate in public life and even whether they work remotely. And while economists don’t believe a full shutdown is looming, the Delta variant is posing a threat to that view. The…

US lawmakers turn up heat on American sponsors over Beijing Olympics
Sheldon Cooper/SOPA Images/LightRocket/Getty Images

US lawmakers turn up heat on American sponsors over Beijing Olympics

US lawmakers are piling pressure on major American corporate sponsors of the 2022 Winter Olympics in Beijing as tensions between the United States and China over human rights and other issues remain high. A bipartisan committee of US politicians questioned representatives from Airbnb, Coca-Cola, Intel, Visa and Procter & Gamble about the Games during a…

Apple, Google and Microsoft made $57 billion last quarter
David Paul Morris/Bloomberg/Getty Images

Apple, Google and Microsoft made $57 billion last quarter

A rapid shift to digitization due to Covid-19 has handsomely benefited the world’s biggest tech companies. Yet even as the pandemic eased, they still minted record sums of money. What’s happening: Yesterday’s “Before the Bell” focused on how Tesla celebrated earning more than $1 billion last quarter. Amazon, Google parent Alphabet and Microsoft just announced…

Chicken sandwich and BTS meal helped boost McDonald’s sales
Louisa Chu/TNS/Zuma

Chicken sandwich and BTS meal helped boost McDonald’s sales

McDonald’s celebrity meal strategy and revamped chicken sandwich lineup is working. Sales at US stores open at least 13 months jumped 25.9% in the past quarter, which ended on June 30, beating analysts’ expectations. Sales at those stores grew 14.9% compared to the same period in 2019, before the pandemic. McDonald’s said the BTS meal…

Boeing returns to profitability, drops layoff plans
Justin Sullivan/Getty Images

Boeing returns to profitability, drops layoff plans

Boeing returned to profitability in the second quarter, posting net income for the first time since the start of the Covid-19 pandemic last year, a recovery that will save 10,000 jobs at the company. Boeing earned $567 million in the quarter, compared to a $2.4 billion loss a year earlier. Analysts had forecast another loss…

All bets are off if the Fed and White House are wrong about inflation
Graeme Jennings/Pool/AP/Saul Loeb/AFP/Getty Images

All bets are off if the Fed and White House are wrong about inflation

The White House and the Federal Reserve broadly agree: Inflation isn’t here to stay. Red-hot prices will cool off as the US economy reopens. Most economists seem to concur that inflation is “transitory,” as the Fed puts it. Investors aren’t freaking out either about the biggest price hikes since 2008. But the stakes couldn’t be…

Beijing calls for calm after historic tech stock rout
Zhang Wei/China News Service/Getty Images

Beijing calls for calm after historic tech stock rout

Chinese state media is urging investors to stay calm following a brutal stock market sell-off this week that has wiped out hundreds of billions of dollars in value. Chinese state-run newspaper Securities Times published a commentary Wednesday acknowledging the “changes in policy for certain industries” after a market rout on Monday and Tuesday that came…

Robinhood reveals new regulatory probes on the eve of its blockbuster IPO
Kimberly White/Getty Images for Robinhood

Robinhood reveals new regulatory probes on the eve of its blockbuster IPO

Regulators are investigating the fact that Robinhood CEO Vlad Tenev is not licensed by FINRA, Wall Street’s powerful self-regulator, the online trading platform announced Tuesday. News of the probe comes more than five months after CNN Business reported that Tenev, the public face of Robinhood, is not registered with FINRA, short for the Financial Industry…

How right-wing networks covered the January 6 hearing after months of soft-pedaling the Capitol attack
Brendan Smialowski/AP

How right-wing networks covered the January 6 hearing after months of soft-pedaling the Capitol attack

While viewers of other TV channels heard House Democrats denouncing the “whitewashing” of the January 6 attack, One America News viewers witnessed the whitewashing first-hand. On OAN, Tuesday’s select committee hearing about the insurrection barely happened at all. The channel’s poorly-produced programs avoided the substance of the hearing; slipped in several factual mistakes; and promoted…

US sells one-of-a-kind copy of Wu-Tang Clan album seized from ‘Pharma Bro’ Martin Shkreli
Peter Foley/Bloomberg/Getty Images

US sells one-of-a-kind copy of Wu-Tang Clan album seized from ‘Pharma Bro’ Martin Shkreli

The United States has sold the only physical copy ever made of the Wu-Tang Clan album “Once Upon a Time in Shaolin” after federal authorities seized it from former pharmaceutical executive Martin Shkreli, who was convicted of fraud in 2017. The Justice Department did not disclose who bought the album or how much they paid…