As crab season approaches, Maryland processing plants seek guest worker reform

Mar 19, 2019
The multimillion-dollar industry relies heavily on H-2B visa workers from Mexico and Central America.
A woman picks crabs at the W.T. Ruark Seafood Co., on May 17, 2018 in Hoopers Island, Maryland.
Mark Wilson/Getty Images

Instagram launches in-app shopping tool with 20 retailers

Mar 19, 2019
The online marketplace just got a little more interesting. Instagram launched in-app purchase and payment services for 20 major brands, including Nike, Burberry and Uniqlo. Shoppers will now be able to click on Instagram posts featuring items they want and complete purchases, all while staying inside the app. The news raises questions about data privacy […]
This photo illustration taken on March 22, 2018 shows apps for Facebook, Instagram, Twitter and other social networks on a smartphone.
CHANDAN KHANNA/AFP/Getty Images

"It's a mess": Midwest flooding leaves small businesses reeling

Mar 18, 2019
Heavy rain and melting snow have brought historic flooding to parts of the Midwest. Around 200 miles of Missouri River levees in Nebraska, Iowa, Missouri and Kansas have been compromised, according to the Associated Press, and flood warnings are still up for at least a dozen states. At least two people have died, thousands have […]
Floodwater covers a famer's field near Plattsmouth, Nebraska.  Damage estimates from flooding in Nebraska top $1 billion. Midwest states are battling some of the worst flooding they have experienced in decades as rain and snow melt from the recent "bomb cyclone" has inundated rivers and streams. At least three deaths have been linked to the flooding.
Photo by Scott Olson/Getty Images

High volume of deals in data processing and payments

Mar 18, 2019
The financial technology company Fidelity National Information Services, Inc. (FIS) has agreed to buy the e-commerce payment processor, Worldpay, for $34 billion in cash and stock. FIS is taking on some Worldpay debt, which brings the overall value of the deal to around $43 billion. You might not have heard of these two companies, or others […]
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In the age of the selfie, a younger market for cosmetic procedures

Mar 18, 2019
Botox and injectable fillers are now being marketed to women in their 20s and 30s.
Michael Gottschalk/Getty Images

NBC taps into YouTuber Lilly Singh's audience

Mar 15, 2019
The replacement for Carson Daly's time slot brings a woman of color to late-night TV.
Lilly Singh speaks on stage during the 2018 WE Day Toronto Show in September.
Dominik Magdziak/Getty Images

For public good, not for profit.

Rebalancing the S&P 500 means a whole lot of trades

Mar 15, 2019
Friday was one of the four times a year when the S&P 500 rebalances itself. This means that some stocks leave this index and some come in. This also means that all the indixes and exchange-traded funds that track the S&P 500 (and there’s many) have to also rebalance themselves to reflect the changes. S&P […]
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CFPB chief presents agenda to Senate committee

Mar 15, 2019
The Consumer Financial Protection Bureau’s new director, Kathy Kraninger, is scheduled to appear before the Republican-run Senate Banking Committee this week to give a rundown of the agency’s policy agenda. It’s likely to be a different hearing from the one Kraninger faced earlier in the House, where Democrats grilled her about plans to roll back Obama-era protections […]

AT&T raises DirecTV streaming prices, sweetens bundles with HBO

Mar 14, 2019
After an expensive deal to buy TimeWarner, AT&T is making some changes to its DirecTV streaming bundles. It’s raising prices but also adding its much-coveted property, HBO, to the mix for free. The DirecTV strategy is offering a glimpse into how post-merger AT&T is strategizing to cut a bit of costs — it’s dropping content […]
A general view of atmosphere at HBO | Human By Orientation at Brazos Hall on March 12, 2019 in Austin, Texas. 
Vivien Killilea/Getty Images for HBO