After years of declining sales, Subway is hoping to reintroduce itself to customers and convince them to give its sandwiches a shot.Next week, Subway restaurants across the country will unveil an updated menu designed to improve items across the board.…
As the global economy kicks into high gear following the pandemic, demand for certain consumer goods and tech components has outstripped supply, leading to shortages of everything from cars to household appliances.Shortages are not something consumers in developed economies are…
Didi shares plunged as much as 22% in premarket trading on Tuesday as fallout continued over news of the company's troubles in China.As of 6:30 a.m. ET, the company's stock was trading at $12.40, well below its closing price of…
Changes to Hong Kong's data protection laws could force some companies to stop providing services in the city, according to an industry group that represents some of the world's top tech firms.The prospect of a retreat from Hong Kong was…
Software vendor Kaseya says that between 800 and 1,500 businesses have been compromised by the recent ransomware attack that has ricocheted around the world.Kaseya said in a statement on Monday that approximately 50 of its direct customers were breached in…
India has been hobbled by an economic slump and a brutal wave of coronavirus that new research shows pushed millions of people into poverty.But as these Indians struggle to live on a few dollars a day, the country's ultra-wealthy have…
OPEC+ canceledits scheduled meeting Monday, dashing hopes for an agreement to increase production to satisfy the world's growing demand for oil.Oil prices climbed higher on the news. The price of Brent crude, the global benchmark which has has surged roughly…
The ransomware group REvil has demanded a $70 million payment in Bitcoin for a decryptor tool following its attack on the software vendor Kaseya, cyber researchers say.The offer of a universal tool reflects the "logistical nightmare" REvil is now facing…
The ransomware group REvil has demanded a $70 million payment in Bitcoin for a decryptor tool following its attack on the software vendor Kaseya, cyber researchers say.The offer of a universal tool reflects the "logistical nightmare" REvil is now facing…
Morrisons has become a takeover target for three major American private equity groups amid strong investor appetite for UK assets that could spark a bidding war for Britain's fourth biggest supermarket chain.In a statement on Saturday, Morrisons said that its…
Just one day after ride-hailing giant Didi was banned from app stores in China, authorities have started investigating three other major technology services, citing concerns about national data security.The companies under investigation recently went public in the US stock market,…
The White House on Sunday urged companies who believe their systems were compromised in the ransomware attack that targeted software vendor Kaseya to immediately report it to the Internet Crime Complaint Center."Since Friday, the United States Government has been working…
TC Energy Corporation, the company that developed the Keystone XL pipeline project, is seeking to recover more than $15 billion in damages from the United States, claiming the US government breached its free trade obligations when it revoked the permit…
Didi, China's largest ride-hailing service, continues to fall into deeper trouble with Chinese regulators.The Cyberspace Administration of China on Sunday banned Didi from app stores after saying it posed a cybersecurity risk for customers."Didi Chuxing app is found to have…
Stocks enjoyed a stellar first half of the year. But will the market be able to keep rallying?Valuations are rapidly approaching historically expensive levels, and some experts are worried about how high stocks are relative to their earnings. One market…
American vacationers are finding just about everything significantly more expensive this summer.Hotel rooms? Up about 44% at the end of June compared to a year earlier, according to data from hotel research firm STR. Air fares? They were 24% higher…
US cyber officials are tracking a major new ransomware attack by the same group that hit meat supplier JBS Foods this spring.This time, the REvil malware has hit a wide range of IT management companies and compromised hundreds of their…
Bill Cosby may be out of prison, but most major networks still aren't showing reruns of "The Cosby Show."Amazon Prime is the only major streaming service offering the 1980s sitcom for free to its subscribers. Amazon did not respond to…
OPEC and its allies are mired in a stalemate. American drivers could pay the price.For the second straight day, OPEC+ surprised observers Friday by failing to reach an agreement on whether to add more barrels to an oil market screaming…
Richard Branson, the British billionaire and entrepreneur, announced late Thursday that he would attempt to go to space on July 11, just nine days before the world's richest man, Jeff Bezos, will make his own spaceflight. But even as he…
The Federal Trade Commission said Friday it has sued and settled with the technology giant Broadcom over allegations that the company sought to monopolize the supply of semiconductor chips.According to the complaint, Broadcom entered into exclusive anti-competitive deals with its…
It's lucky sevens for investors: The blue-chip S&P 500 index is on track to end at a record high for the seventh straight day following the strong jobs report.The last time the S&P 500 had this long a streak of…
Didi's stock tumbled Friday after China's Cyberspace Administration suspended the registration of new users from the company.The suspension comes just two days after China's largest ride-hailing service, which forced Uber out of mainland China five years ago, went public on…
Tesla managed to sell more than 200,000 vehicles last quarter, even as the company faced rising prices, a PR disaster in China and a shortage of computer chips.The company also managed to build more than 200,000 cars over the past…
If you feel like you've seen fewer blowout clothing sales at stores and online, you're right. And you're likely to see a near-absence of promotions even through the holidays later this year.Consumer demand for new wardrobes is soaring thanks to…
