Business
$100 million New Jersey deli owner Hometown International just announced a merger with a bioplastics firm
Your Hometown Deli in Paulsboro, N.J. Google Earth Hometown International — that odd, publicly traded company with a market capitalization of more than $100 million despite owning just one small New Jersey deli — has announced plans to merge with Makamer, a private bioplastics start-up firm. The money-losing Your Hometown Deli in Paulsboro, N.J., which […]
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Biden’s top economic advisor says restarting the Keystone XL pipeline now won’t lower oil prices
President Joe Biden’s top economic advisor suggested Friday the White House is not rethinking its decision to cancel the controversial Keystone XL oil pipeline in response to elevated crude and gasoline prices. National Economic Council Director Brian Deese told CNBC the Biden administration is instead concentrating on policies and strategies that can deliver lower fuel […]
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Why Russia’s invasion of Ukraine could spark a NATO defense spending spree
The Russian invasion of Ukraine is unleashing a new era of military spending across Europe. Member countries of the North Atlantic Treaty Organization, such as Germany, have done an about-face on its defense budget in recent weeks. “The Russian invasion of Ukraine was a wake-up call for a lot of Germans, for politicians and for […]
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CDC will end sweeping order used to expel migrants at U.S. borders during Covid pandemic
Pedestrians wait to cross into the U.S. at the San Ysidro Port of Entry border crossing bridge in Tijuana, Mexico, on Sunday, March 20, 2022. Cesar Rodriguez | Bloomberg | Getty Images The Centers for Disease Control and Prevention will lift a sweeping public health order that has allowed the U.S. to expel more than […]
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5 things to know before the stock market opens Friday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Futures rise after jobs report and worst quarter in 2 years Traders on the floor of the NYSE, March 31, 2022. Source: NYSE U.S. stock futures started the second quarter higher Friday after lower-than-expected but still robust […]
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Restaurants are getting creative with menus to counter soaring food costs
Long Beach Fish Grill’s menu board Source: Jessica Dinglasan Jessica Dinglasan, owner of Long Beach Fish Grill in Long Beach, California, never used to write “market price” on her menu. But now the halibut fish she sources costs more than $30 a pound, nearly double what it was a year ago, and the 13-gallon container […]
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Stocks making the biggest moves premarket: GameStop, Apple, BlackBerry and more
Check out the companies making headlines before the bell: GameStop (GME) – GameStop plans to seek shareholder approval to boost the number of shares outstanding in order to enable a stock split. The videogame retailer is proposing an increase to 1 billion shares from 300 million. The stock surged 16.6% in the premarket. Apple (AAPL) […]
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‘Under the counter diplomacy’: Why sanctioned oligarch Roman Abramovich is brokering peace in Ukraine
The attendance of billionaire Roman Abramovich (L) at Russia-Ukraine peace talks in Istanbul have left many questioning the intentions of the Russian oligarch. Cem Ozdel | Anadolu Agency | Getty Images As Russia-Ukraine talks resume on Friday, questions continue to abound over the peculiar involvement of Russian oligarch Roman Abramovich, and the role he might […]
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Meta’s A.I. exodus: Top talent quits as the lab tries to keep pace with rivals
Mark Zuckerberg told the world last October that he was rebranding Facebook to Meta as the company pushes toward the metaverse. Facebook | via Reuters Facebook parent Meta has lost some of its top artificial intelligence scientists this year as the company continues its pivot toward the metaverse. At least four prominent members of Meta […]
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Anonymous’ next cyber target: Western companies still doing business in Russia
In addition to Russian entities, Anonymous says it’s now targeting some Western companies. Jakub Porzycki | Nurphoto | Nurphoto | Getty Images The “hacktivist” collective known as Anonymous said it has a new target in its “cyber war” against Russia — Western businesses that are still doing business there. A post on March 21 from […]
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