Claims for unemployment benefits went down more than expected last week. That’s good news. Economists are confident that the labor market recovery will gather speed as the economy reopens fully and more people get vaccinated. But jobless claims rose in two of the past four weeks, stressing that the road to recovery will be bumpy.…… MORE
Bolstered by strong data, investors are expressing plenty of faith in the power of the global economic recovery. But what if this spring is as good as it gets? What’s happening: Goldman Sachs analysts predict that US economic growth will slow after the April-to-June period this year. Meanwhile, Covid-19 infections are rising dramatically in crucial…… MORE
Bitcoin and its many peers have surged to new levels of popularity over the past year, but they’re still a mystery to many investors. With new “coins” cropping up all the time, it’s hard to keep track of what’s worth paying attention to and what might not be here to stay. Meanwhile, major companies are…… MORE
Food waste is a major contributor to the climate crisis. That’s why one company, Too Good To Go, is hoping its mystery food bags can be part of the solution. Uneaten food usually ends up in landfills and produces methane, a powerful greenhouse gas that contributes to global warming. An estimated 30% to 40% of…… MORE
The red ink continued to flow at US airlines in the first quarter. But after a year of massive losses, airlines are showing signs that better times lie ahead. “While the pandemic is not over, we believe the worst is behind us, in terms of the severity of the negative impact on travel demand,” said…… MORE
An award-winning Hong Kong journalist has been convicted of providing false statements to access a database as part of an investigation into alleged police mishandling of a violent mob attack on pro-democracy protesters in 2019. In a case that’s been seen as a further blow to press freedoms in the city, Bao Choy was found…… MORE
The Australian government has canceled a Belt and Road agreement signed by China and the state government of Victoria, escalating trade and diplomatic tensions between Beijing and Canberra. Victoria — the country’s second largest and wealthiest state — signed a memorandum of understanding on the Belt and Road Initiative (BRI) with the Chinese government in…… MORE
Less than a quarter of the world’s big public companies are doing their part to address the climate crisis, according to new research highlighting the shortcomings of corporate climate pledges. In an analysis published on Thursday, sustainable finance firm Arabesque assigned companies in 14 of the world’s largest stock indexes a “temperature score” based on…… MORE
It’s been a good time to go public for high profile unicorns lately. Coinbase, Roblox and Airbnb are just a few of the major private companies to make their Wall Street debuts in recent months. But transitioning from a startup to a publicly traded firm with more investors and increased scrutiny from Wall Street analysts…… MORE
Netflix is synonymous with streaming, but its competitors have a distinct advantage that threatens the streaming leader’s position at the top. Disney has Disney+, but it also has theme parks, plush Baby Yoda dolls, blockbuster Marvel movies and ESPN. Comcast, Amazon, ViacomCBS, CNN’s parent company WarnerMedia and Apple all have their own streaming services, too,…… MORE
