Shares of Lululemon, L Brands and Peloton have been active lately. Lululemon rose nearly 2% on Wednesday following a positive call from Goldman Sachs, which named the stock a top idea for its "best in class" brand positioning. Peloton's stock fell by more than 5% in the same session on […]

WASHINGTON — The number of Americans applying for unemployment benefits has reached its lowest level since the pandemic struck last year, further evidence that the U.S. economy and job market are quickly rebounding from the pandemic recession. Thursday’s report from the Labor Department showed that jobless claims fell by 26,000 […]

Jackson Palmer, the co-creator of the meme-inspired cryptocurrency dogecoin, made a rare return to Twitter on Wednesday with some harsh words about crypto in general. "I am often asked if I will 'return to cryptocurrency' or begin regularly sharing my thoughts on the topic again. My answer is a wholehearted […]

American International Group Inc. (AIG) Wednesday said Blackstone (BX) has agreed to buy 9.9% stake in AIG’s Life & Retirement business for $2.2 billion in an all cash deal. As part of the deal, AIG also agreed to enter into a long-term strategic asset management relationship with Blackstone to manage […]

IATSE Stagehands Local 33 sees a “booming” return of live entertainment events to Los Angeles, even though Covid-19 cases have surged here in recent days. Health officials say the recent spike in new coronavirus infections is driven almost entirely by the unvaccinated and by the spread of the virus’ Delta […]

AT&T continued to tout its investments in 5G technology, convening a full-day event at the WarnerMedia Innovation Lab in New York, announcing new partnerships along with panels and demos. A morning panel moderated by AT&T Consumer CEO Thaddeus Arroyo featured speakers such as WarnerMedia Chief Revenue Officer Tony Goncalves and actor/producer/investor […]

London (CNN Business)The European Union has announced plans to end the sale of polluting vehicles by 2035, an ambitious goal that would put hybrid cars on the endangered species list and usher in a rapid and dramatic shift to fully electric models. The European Commission said Wednesday that it wants […]

The shift to a zero emission transport sector will require significant investment in areas such as charging infrastructure Wednesday's announcement drew a mixed response from a wide range of stakeholders within industry. The U.K. government said Wednesday it wanted to create a net zero transport sector by the year 2050, […]