Journalists reflect on Afghanistan as Biden prepares to announce troop withdrawal
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Nearly 20 years ago, in the White House Treaty Room, President George W. Bush announced the beginning of “Operation Enduring Freedom.” Bush vowed that the US would win the War in Afghanistan “by the patient…… MORE
Egypt impounds Ever Given ship over $900 million Suez Canal compensation bill
Egyptian authorities have seized a massive cargo ship which blocked the Suez Canal for almost a week last month, amid a dispute over financial damages, the state-run Al Ahram news outlet said on Tuesday. An Egyptian court ordered the vessel’s Japanese owner, Shoei Kisen Kaisha, to pay $900 million in compensation as a result of…… MORE
Americans are buying less toilet paper and wipes
One encouraging sign that the pandemic-time panic among consumers has abated: Americans have stopped hoarding toilet paper, kitchen towels and wipes. Sales of toilet paper dropped 32.7% in the 12 weeks ending April 3 from the same period a year ago, according to market research firm NielsenIQ, which tracks point of sale data from retailers.…… MORE
White Claw’s latest hard seltzer is even boozier
White Claw’s newest product is even boozier than the original. Surge, a new hard seltzer which is now rolling out in the United States, is sold in 16-ounce cans, each with 8% alcohol by volume. The product comes in blood orange and cranberry flavors and costs up to $2.99 per can. In addition to Surge,…… MORE
Boeing’s 2021 was starting off pretty well — until its latest 737 Max woes
Boeing on Tuesday reported strong orders and deliveries for March and the first quarter. But Boeing’s rebound is already at risk of unraveling. In March, Boeing took new orders for 185 of its 737 Max planes, including a 100-jet order from Southwest –the biggest since the plane’s grounding. But Boeing also still has airlines canceling…… MORE
IPO vs SPAC vs direct listing: Explaining Wall Street’s hot trends
Not too long ago, most big startups looking to debut on Wall Street chose to sell new shares through an initial public offering. But IPOs are no longer the only viable way for a privately held companies to start trading their stock. Many high-profile businesses are increasingly using so-called blank check mergers with special purpose…… MORE
New Zealand bill would require banks to disclose climate risks, in a world first
New Zealand is set to consider legislation that would require banks, insurers and asset managers to disclose the impacts of climate change on their businesses as the country tries to slash its carbon emissions. The government said in a statement Tuesday that the bill is the first of its kind to be proposed anywhere in…… MORE
Practically everything is getting more expensive in America
Wall Street has been a bundle of nerves about potential spikes in inflation since Democrats passed $1.9 trillion in economic stimulus last month. And on Tuesday, some of the first signs of inflation came to pass. Consumer prices for March rose 2.6% compared to the same month last year. They were lifted in particular by…… MORE
Dow slips, but S&P 500 notches record, as US urges pause on J&J vaccine
Wall Street has been riding high as America’s vaccination program exceeded expectations, lifting prospects of a speedy economic recovery. But a potential major disruption to that campaign overshadowed optimism on Tuesday and investors hit the brakes. US stocks finished the day mixed, with the Dow in the red after the United States urged a pause…… MORE
$1.3 trillion dealmaking frenzy isn’t slowing down
No one knows for sure what the post-coronavirus era holds. But businesses are doing their best to get ready, announcing a wave of mergers and takeover bids designed to prepare them for what’s next. What’s happening: Global mergers and acquisitions worth $1.3 trillion were announced during the first three months of the year, according to…… MORE
