U.S. Issues New Eviction Moratorium

WASHINGTON—The Biden administration Tuesday announced a new federal moratorium on evictions, bowing to pressure from progressive Democrats to revive lapsed tenant protections despite White House officials saying they lacked the legal authority to do so. The Centers for Disease Control and Prevention’s

Some 100,000 Green Cards at Risk of Going to Waste

WASHINGTON—The U.S. government is at risk of wasting about 100,000 employment-based green cards this year as the federal agency in charge of their issuance faces historic application backlogs related to the Covid-19 pandemic. The situation complicates what has already been a yearslong

Shale Profits Capped by Wrong-Way Bets as Oil Prices Rose

Shale companies amassed huge cash piles in the second quarter as oil topped $70 a barrel, but many missed greater sums after hedging contracts curtailed their profits. Leading frackers such as Scott Sheffield of Pioneer Natural Resources Co. and Harold Hamm of

New York Times Reports Ad Rebound, Slowing Subscriber Growth

The New York Times Co. ’s second-quarter revenue rose 24% on a strong rebound in its advertising business, coupled with slowing subscriber growth. The company’s results benefited from comparisons with 2020, an anomalous year in which advertisers slashed spending and news audiences

Casino Owner Vici Properties to Buy MGM Growth Properties

Real-estate investment trust Vici Properties Inc. said it would buy casino-resort owner MGM Growth Properties LLC for $17.2 billion, including about $5.7 billion in debt, in a stock-for-stock transaction. The companies on Wednesday said MGM Growth Properties Class A shareholders would get

CVS Logs Higher Revenue Boosted by Covid-19 Shots

CVS Health Corp. posted higher revenue in the latest quarter, helped by the nearly 17 million Covid-19 vaccines it administered between April and June, as it moved to raise its minimum wage for workers to $15 an hour starting next year. With

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