If it wasn’t clear already, it ought to be now: Etsy Inc is more than just a stay-at-home stock. The website for handmade goods became a go-to destination for face masks early in the pandemic thanks to quick pivots by its independent sellers to making this new necessity. That helped spark a rally in its shares that made it one ...

Most Republicans in Congress perennially resist increasing the minimum wage, citing economists who say businesses would have to eliminate workers and raise prices. That would stoke inflation and undermine the economy, they say. But if there was ever a period testing those assumptions and showing why raising the federal hourly wage gradually to $15 (as President Joe Biden proposes) would ...

Hoping to address supply-chain disruptions following the pandemic, President Joe Biden ordered a wide-ranging review of US reliance on foreign sources for critical goods such as pharmaceuticals, rare-earth metals and high-capacity batteries. On the most urgent matter — a shortage of semiconductors that has upended production at American automakers — he needs to think bigger. Last spring, car sales collapsed ...

Bloomberg Boeing Co has agreed to pay $6.6 million in penalties to US regulators after failing to comply with a 2015 agreement to improve its safety processes. The Federal Aviation Administration (FAA) announced the penalties in a press release. The company agreed to pay $5.4 million to settle earlier cases brought against the company and another $1.21 million for two ...

Bloomberg British Airways parent IAG SA said there are grounds for optimism about air travel this summer, after posting its first annual loss in almost a decade. The airline group reported an operating loss of 7.43 billion euros ($9 billion) in 2020, according to a statement. While Chief Executive Officer Luis Gallego expressed growing confidence that a recovery will take ...

Bloomberg UK holidaymakers reappeared with a roar, showering EasyJet Plc and tour operator TUI AG with summer bookings just hours after PM Boris Johnson outlined a roadmap for air travel to return. EasyJet ticket sales more than quadrupled in the hours after Johnson said that international trips may restart as soon as May 17, the UK carrier said in a ...

Bloomberg Kohl’s Corp is under pressure from a group of activists who want to name nine directors to control its board and press the retailer to reduce inventory and streamline promotions, according to a person familiar with the situation. The group holds a stake of about 9.5% in Menomonee Falls, Wisconsin-based Kohl’s, said the person, who asked not to be ...

Bloomberg Asian buyout firm Navis Capital Partners is exploring a sale of premium supermarket chains in Malaysia, which could be worth about 1 billion ringgit ($248 million) according to people with knowledge of the matter. The firm is asking banks to submit proposals on the potential divestment of The Food Purveyor Sdn, the vehicle that owns the Village Grocer and ...

Bloomberg Best Buy Co reported weaker-than-expected holiday sales and said anticipated shifts in consumer spending back to areas like dining out and travel could hamper its performance this year. Comparable-store sales in the US — a key gauge of performance — rose 12.4% in the fiscal fourth quarter that ended on January 30, missing the average projection from Consensus Metrix. ...

Bloomberg President Joe Biden said US airstrikes in Syria that killed militants linked to Iran were a warning to the Islamic Republic to be cautious as its proxies challenge American allies in the Mideast. Asked while visiting a National Guard vaccination site in Houston what message the strike was intended to send to Iran, Biden said: “You can’t act with ...