LONDON—The dollar rose against major rival currencies in holiday-thinned trading on Thursday, as investors remained cautiously optimistic about the economic consequences of a surge in cases of the Omicron coronavirus variant. Reuters data shows global COVID-19 infections hit a record high over the past seven days but, comforted by data suggesting the virus may turn…
‘Containergeddon’: Supply Crisis Drives Walmart and Rivals to Hire Their Own Ships
October 8, 2021
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LOS ANGELES—The Flying Buttress once glided across the oceans carrying vital commodities like grain to all corners of the world. Now it bears a different treasure: Paw Patrol Movie Towers, Batmobile Transformers, and Baby Alive Lulu Achoo dolls. The dry bulk cargo ship has been drafted into the service of retail giant Walmart, which is…
JPMorgan Takes on British Rivals With Launch of Digital Bank Chase
LONDON—JPMorgan is challenging British rivals on their home turf with the launch on Tuesday of its long-awaited digital retail bank, Chase, as part of what the U.S. lender hopes will be a global expansion. The launch marks the first foray into retail banking outside North America by one of the United States’ most dominant lenders,…
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