Browsing: Business
A hiring sign is posted in front of a Target store on February 5, 2021, in San Rafael, California. The May 20 report from the Labor Department showed that new unemployment applications declined 34,000 from a revised 478,000 a week earlier. (Justin Sullivan/Getty Images North America/TNS)
Like the flexitarians who have fueled the rise of plant-based meat — and the successful 2019 IPO of Beyond Meat — Oatly says more and more consumers are trying its oat-based drinks, yogurt and ice cream a try. In the last three months, between 35% to 40% of adults in the U.S., the United Kingdom, Germany, China and Sweden purchased plant-based milk, Oatly said.
Long-distance trains running through Chicago also will return to full schedules, after they were cut to three days a week. Three routes running from Chicago to San Francisco, Seattle/Portland and Los Angeles will return to daily schedules beginning Monday, and on May 31, service will resume on four lines, between Chicago and Washington, D.C., New York/Boston, New Orleans and Los Angeles, Amtrak said.
AT&T said Monday it will combine its massive WarnerMedia media assets, which includes HBO and CNN, with Discovery Inc. to create a new media company in a $43 billion deal. However the transaction isn’t expected to close until mid-2022, and WarnerMedia is still going ahead with plans for HBO Max.
The value of Bitcoin can change by thousands of dollars in a short time period. On the last trading day of 2020, Bitcoin closed just under $30,000. In mid-April, it flirted with $65,000. The price bounced around after that, with some notable swings, before taking a decidedly negative turn last week.
Gasoline tankers pass by the Colonial Pipeline storage tanks May 10, 2021, as they enter the Marathon Powder Springs Terminal in Austell, Georgia. In a Wall Street Journal report, the operator of the fuel pipeline confirmed it paid a ransom of 75 Bitcoin, worth $4.4 million, to hackers. (John Spink/AJC/TNS)
The airline said it cut its “core” cash-burn rate to $6 million a day in April and now expects to lose between $1 million and $3 million a day in the April-through-June quarter. That is $1 million better than a previous forecast. It expects to reach break-even in June, excluding debt service, capital spending and some other costs.
Workers arrange sunbeds as others install umbrellas May 12, 2021, at Plaka beach on the Aegean island of Naxos, Greece. On May 19, European Uniion ambassadors agreed on measures to admit fully vaccinated tourists from outside the bloc. EU countries have yet to formally approve the move. (Thanassis Stavrakis/AP)
A Target employee places a curbside pickup purchase into the trunk of a customer’s vehicle Nov. 5, 2020, in Jackson, Mississippi. On May 19, 2021, Target reported surging sales and profits for its fiscal first quarter thanks to shoppers who bought more apparel as they emerge from the pandemic. (Rogelio V. Solis/AP)
The 1,641-room Palmer House Hilton and the 1,214-room Sheraton Grand Chicago are the second- and fifth-largest hotels downtown, by number of rooms. The Sheraton, along the Chicago River between the Magnificent Mile and Navy Pier, says it will welcome back guests starting June 7.