Corporate America has launched a two-pronged, eleventh-hour assault on Democrats' reconciliation package by targeting Sen. Kyrsten Sinema (D-Ariz.), the one person that big business hopes can stop — or modify — the $740 billion bill.
Why it matters: If successful, the barrage of paid media and personal phone calls will knock out the main provision that terrifies the business community: a 15% minimum book tax that will cost the biggest 150 U.S. companies some $313 billion over 10 years.
Nordstrom's customer service has been described as "legendary." And that famous story you may have heard about the guy returning the car tires? It's true, the company says.
Driving the news: The retailer tracked down the former employee responsible for the famed refund and featured him on today’s episode of the company’s podcast, The Nordy Pod.
Lyons Magnus announced Thursday that it is recalling 53 products, including dairy drinks and coffees, due to the possibility of microbial contamination.
Why it matters: Infection related to the organism Cronobacter sakazakii could lead to symptoms including fever, vomiting and urinary tract infection.
The U.S. Securities and Exchange Commission (SEC) today announced charges against 11 people involved in an alleged blockchain-enabled Ponzi scheme called Forsage.
Why it matters: The blockchain industry is plagued by a reputation for being rife with scams. Each time news like this comes out, it makes it harder for more legitimate projects to recruit users.
An enterprise software company that invested $4 billion in bitcoin will on Tuesday share publicly how much damage the crypto bear market has done to its balance sheet.
Why it matters: MicroStrategy is a bitcoin whale, holding the most of any public company. So bitcoin enthusiasts big and small will be keenly interested in what cofounder and CEO Michael Saylor will say when the company reports earnings for the second quarter.
Readers asked for tips on spotting fake reviews online after our story on this fairly widespread problem ran about a week ago.
Why it matters: Turns out that spotting a fake review online while you're shopping or trying to find services, like a doctor or a dog-sitter, is harder than you'd think. Borderline impossible.
Nearly two years after its premiere, HBOs "Industry" is back with a second season, following a cast of young traders at an elite bank in London as they make their post-pandemic return to the office.
Why it matters: The show follows the ups and downs among a group of young finance professionals at the fictional Pierpoint & Co. And like "Succession" (that other popular HBO business drama), "Industry" tackles universal workplace issues and current events — with lots of sex and drama in between.
Why it matters: In normal times, car companies and other multinationals that sell physical goods are the most sensitive to dollar fluctuations. Needless to say, with interest rates soaring alongside inflation expectations – even as growth falters – these are hardly normal times.
The billions in funding for chips and research Congress approved last week will take years to put a dent in the problems the funding targets.
Why it matters: The new Chips and Science Act's investments aim to ensure U.S. leadership in critical technologies and industries — especially producing the computer chips that power so many other products today. But those benefits won't show up fast for consumers having trouble finding the car they want or small businesses that need parts.
A ship carrying grain left Ukraine's port of Odesa on the Black Sea on Monday.
Why it matters: The Sierra Leone-flagged cargo ship the Razoni is the first vessel to leave a Ukrainian port under an agreement between Ukraine and Russia, which was brokered by the United Nations with the help of Turkey.
Prime Minister Jacinda Ardern said Monday New Zealand is now "open for business," hours after the country completed the final stage of its phased border reopening.
