Iron ore prices go ballistic as metals boom
As investors place bets on the economic recovery, there’s a new frenzy that’s taken over markets. Around the world, there’s a rush…
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Pipeline shutdown is sparking worries of a spike in gas prices
A cyberattack forced one of the top US fuel pipelines to shut down Friday, and analysts are worried the situation could result in a spike in gas…
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From Jeff Bezos to Elon Musk, Bill Gates to Mark Zuckerberg, the billionaire beat deserves scrutiny
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. This era of extreme…
Continue Reading Apple and Epic wrap up first week of their blockbuster trial. Here’s what happened and what’s next
Is Fortnite a game? An app? An expansive virtual universe? All of the above? Is an iPhone just another gaming device, or a tightly controlled…
Continue Reading Supply chain interrupted: Here’s everything you can’t get now
Chicken, lumber, microchips, gas, steel, metals, chlorine and ketchup packets: What do they all have in common? They’re all (nearly) impossible…
Continue Reading Elon Musk opens ‘SNL’ by telling his mother that he’s gifting her dogecoin for Mother’s Day
Live from New York, it’s Elon Musk. And his mother too. After much fanfare, anticipation and some controversy, the eccentric tech billionaire…
Continue Reading Co-chair of Facebook Oversight Board defends decision to uphold Trump ban
Michael McConnell, co-chair of the Facebook Oversight Board, defended the board’s recommendation to continue the suspension of former President…
Continue Reading Elon Musk is an odd choice for SNL host. Here’s why he was picked
“Saturday Night Live” has made some odd host picks over its history. The long-running NBC variety show’s Studio 8H stage has been…
Continue Reading As the pandemic eases, the media’s coverage of it is shifting
How can the average American minimize risk while resuming normal activities after one year plus of pandemic disruptions? That’s the ultimate…
Continue Reading Trump’s DOJ secretly obtained phone records of Washington Post reporters
President Donald Trump’s Department of Justice secretly obtained phone records of multiple Washington Post reporters, the newspaper reported on…
Continue Reading Fight for $15 minimum wage heats up after Biden’s endorsement
After two decades working for Walmart, Cynthia Murray says she only recently saw her pay go above $15 an hour. “They gave me a 30 cents…
Continue Reading Private equity is targeting sports. Now fans and players are pushing back
In New Zealand, rugby isn’t just a sport. It’s a national obsession, a major cultural force and a huge source of pride. So news that…
Continue Reading Elon Musk could make fireworks on ‘SNL.’ Investors are betting on it
Live from New York, it’s … a market-moving corporate liability. This weekend, Tesla CEO Elon Musk is hosting “Saturday Night…
Continue Reading Rising wood prices are making your toilet paper more expensive
Just when you thought you were in the clear to stock up on toilet paper again, wood pulp, the primary raw material used to make it, is getting more…
Continue Reading Peloton initially refused to recall its treadmills. Here’s why it can do that
You would think that federal safety regulators would have broad powers to order the recall of products they find dangerous or even deadly. You would…
Continue Reading US stocks rise to new records despite weak jobs report
Bad economic news was once again greeted with cheers on Wall Street as two top indexes closed out the week in record territory. Investors brushed off…
Continue Reading US stocks rise despite weak jobs report
Bad economic news was once again greeted with cheers on Wall Street. Investors brushed off Friday’s surprisingly weak jobs report, which showed…
Continue Reading Peloton recall saga shows limits of safety regulators’ powers
You would think that federal safety regulators would have broad powers to order the recall of products they find dangerous or even deadly. You would…
Continue Reading What is bitcoin cash?
A cryptocurrency that looks and sounds a lot like bitcoin has creeped up into the top 10 biggest digital currencies list: bitcoin cash. Bitcoin cash…
Continue Reading Nasdaq’s computer system literally can’t handle Berkshire Hathaway’s sky-high stock price
The world’s most famous electronic stock market can’t compete with the stubbornness of a 90-year-old billionaire. For decades, Warren…
Continue Reading Washingtonian staffers protest CEO’s ‘public threat’ to return to in-person work
Staffers at the Washingtonian, a monthly DC-based magazine, are protesting Friday in response to their CEO’s opposition of remote work. On…
Continue Reading Sean Hannity used to rule Fox. But in the post-Trump era, Tucker Carlson is king
Sean Hannity finds himself in familiar territory as of late: second place. For most of his career, the right-wing Fox propagandist has been in the…
Continue Reading Why investors are paying attention to elections in Scotland
Investors are waiting for the final results of parliamentary elections in Scotland that could spark radical changes to the political and economic…
Continue Reading Microsoft is finally updating its 26-year-old icons from Windows 95
Microsoft is giving Windows 10 a fresh coat of paint. But it’s not just getting a touch-up — Microsoft is doing all the fine details, getting…
Continue Reading Major disappointment: America added way fewer jobs than expected in April
The pandemic continues to roil America’s economy, setting the job market on its head. Employers looking for workers are having trouble finding…
Continue Reading Gary Vaynerchuk: NFT is the next big thing
Serial entrepreneur Gary Vaynerchuk is selling a new use case for NFT: “Smart event” tokens that have real value rather than digital art.…
Continue Reading Vanishing workers are the latest economic worry
The US economy is roaring back to life after a long period of hibernation, sending companies scrambling to find workers that can help them meet a…
Continue Reading IHOP turned away Adam Sandler. Now it’s trying to make it up to him
IHOP is hoping to make amends with Adam Sandler next week after an unwitting hostess turned away the comedian at a Long Island location. The IHOP…
Continue Reading One year after the worst jobs loss on record, millions of Americans remain out of work
The US labor market collapsed a year ago when more than 20 million jobs vanished in a single month. Now the economy is healing, but millions of…
Continue Reading This will be one of the most important summers for Hollywood ever
In a parallel universe, audiences around the world are heading to the cineplexes Friday to see Marvel’s “Black Widow” as it kicks…
Continue Reading Chinese cinemas are showing old propaganda movies. Is Hollywood going to lose out?
Beijing has ordered China’s cinemas to use the box office this year to spread propaganda celebrating the Communist Party. The country’s…
Continue Reading Peloton recall to cost company $165 million in lost sales
Peloton is estimating its treadmill recall will cost the company about $165 million in lost revenue during the the current quarter, and result in a…
Continue Reading Facebook told to investigate its role in insurrection
Facebook’s independent oversight board on Wednesday upheld the company’s decision to suspend former President Donald Trump. But one of…
Continue Reading Biden’s Wall Street cop is putting Robinhood on notice
Gary Gensler, the newly installed chairman of the Securities and Exchange Commission, put Robinhood and Citadel Securities on notice Thursday about a…
Continue Reading Major Tesla investor dumps a big chunk of shares
A major shareholder in Tesla has become bearish about the company. Scottish fund manager Baillie Gifford & Co. sold 11.1 million shares of Tesla…
Continue Reading Applebee’s shorter menu is here to stay. Here’s what got cut
Last year, when Applebee’s sales took a hit in the pandemic, the chain slimmed down its menu. Now its sales are recovering, but…
Continue Reading IBM says it has created the world’s smallest and most powerful microchip
The semiconductor industry’s constant challenge is to make microchips that are smaller, faster, more powerful and more energy efficient —…
Continue Reading Jamie Dimon calls Biden’s tax hike plan ‘a little crazy’
Several top business leaders have backed President Joe Biden’s plan to raise taxes on large corporations and the wealthy and spend more on…
Continue Reading Nearly 1 in 3 new stores opening in the US is a Dollar General
Three dollar store chains will make up almost half of all the new stores opening up in the United States this year, a reflection of the dollar store…
Continue Reading A look at Bill and Melinda Gates’ enormous lakefront home
News of the Bill and Melinda Gates’ divorce ricocheted around the world this week, raising a number of questions: What, why? What about the…
Continue Reading Steel prices have tripled. Now Bank of America is sounding the alarm
A bubble could be brewing in steel stocks. The pandemic brought the American steel industry to its knees last spring, forcing manufacturers to shut…
Continue Reading The head of Yale’s massive endowment fund has died
David Swensen, the long-time chief investment officer at Yale University and a legend in the world of college endowments, died Wednesday at the age…
Continue Reading Jen Psaki says she talked with the Biden transition team about a roughly one-year term
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. In a pair of new…
Continue Reading Uber is losing less money. But it still faces one big risk
The pandemic has been a tough time to be in the business of shuttling people from Point A to Point B. For months, government rules and fears about…
Continue Reading Dollar stores make up almost half of all new stores opening this year
Three dollar store chains will make up almost half of all the new stores opening up in the United States this year, a reflection of the dollar store…
Continue Reading One of the world’s top restaurants is ditching meat. Here’s what could go wrong
Earlier this week, Eleven Madison Park’s chef and owner Daniel Humm made an unexpected announcement: When the famed New York City restaurant…
Continue Reading We’re recovering from ‘the Game of Thrones period of our history:’ Jen Psaki talks about the transition and her role
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. In a pair of new…
Continue Reading Rio Tinto shareholders rebel over destruction of sacred Indigenous caves
Rio Tinto shareholders have rebelled over payouts to former CEO Jean-Sébastien Jacques and other executives who quit last year after the company…
Continue Reading This crypto claims to solve bitcoin’s biggest problem
Bitcoin may be the king of cryptocurrencies, but it’s facing an environmental backlash over the energy-intensive technology underpinning it. A…
Continue Reading Tucker Carlson’s Fox News colleagues call out his dangerous anti-vaccination rhetoric
Some of Tucker Carlson’s colleagues at Fox News are objecting to his reckless anti-vaccination rhetoric. They are speaking out in small ways on…
Continue Reading China can’t stop talking about the Bill and Melinda Gates divorce
The divorce of Bill and Melinda Gates has sent shockwaves through China, where the Microsoft co-founder has achieved a level of fame unlike almost…
Continue Reading New homes cost $36,000 more because of an epic shortage of lumber
As the pandemic crushed the US economy last spring, sawmills shut down lumber production to brace for a housing slump. The slump never arrived and…
Continue Reading I tracked my kid with Apple’s Airtags to test its privacy features
I clipped a keychain with one of Apple’s tiny new Bluetooth trackers, AirTags, onto my son’s book bag and waved goodbye to him on the…
Continue Reading This crypto claims to be a ‘green’ alternative to bitcoin
Bitcoin may be the king of cryptocurrencies, but it’s facing an environmental backlash over the energy-intensive technology underpinning it. A…
Continue Reading Gary Vaynerchuk: NFT is the next Amazon
Serial entrepreneur Gary Vaynerchuk is selling a new use case for NFT: “Smart event” tokens that have real value rather than digital art.…
Continue Reading Success! SpaceX lands Mars rocket prototype for the first time
SpaceX just launched another test flight of an early Mars rocket prototype at its South Texas facility, sending the towering silver vehicle soaring…
Continue Reading Dell lays out its plans for the future
Dell imagines a future in which businesses are faster, smarter and better. The tech company is building a “world where we see wide-scale…
Continue Reading New York Daily News makes a plea for local ownership as hedge fund takeover looms
The latest plea for a break-up of Tribune Publishing’s newspapers is coming from inside the pages of a Tribune publication. In…
Continue Reading Republicans and right-wing media use Facebook Oversight Board’s Trump decision to claim bias
Prominent Republicans and right-wing media organizations on Wednesday cited a decision to affirm Facebook’s suspension of former President…
Continue Reading As subscriber growth slows, The New York Times reveals 100 million registered users
The New York Times has a new statistic about its reach: The site has more than 100 million registered users. The number of users implies that at…
Continue Reading Aldi and other big grocers threaten to boycott Brazil over deforestation in the Amazon
Some of Europe’s biggest supermarkets and food companies have threatened to stop buying agricultural products from Brazil if a bill they say…
Continue Reading GM earnings jump even as sales sink during the global chip shortage
General Motors posted strong first-quarter earnings and said it’s on track to hit the high end of its full-year profit target despite the…
Continue Reading Google backtracks on office returns and will allow employees to work remotely
Google is expanding its options for when, where and how often employees return to the office. The company’s workers around the world can…
Continue Reading Jeff Bezos’ Blue Origin to auction ticket for first space tourism flight
Blue Origin — after spending more than six years developing its space tourism rocket, New Shepard — has finally set a date for its first…
Continue Reading Peloton recalls all treadmills after a child’s death and 70 injuries
Peloton recalled its Tread+ and Tread treadmills Wednesday, and the company admitted it was wrong to fight the Consumer Product Safety…
Continue Reading ETFs are the latest market mania Wall Street can’t avoid
With stocks enjoying a strong start to 2021, investors are continuing to plow more money into exchange-traded funds — especially ones that are…
Continue Reading Facebook Oversight Board upholds Donald Trump’s suspension from the platform
Facebook can keep blocking former President Donald Trump from using its platform, the social network’s court-like Oversight Board said…
Continue Reading A shortage of these metals could make the climate crisis worse
The world won’t be able to tackle the climate crisis unless there is a sharp increase in the supply of metals required to produce electric…
Continue Reading Janet Yellen just proved markets can’t handle the truth
When Treasury Secretary Janet Yellen speaks, investors listen. And on Tuesday, they didn’t like what they heard. The details: At an event…
Continue Reading These bracelets help restaurant workers show they got their Covid-19 vaccine
A Philadelphia restaurant is trying to make customers feel more comfortable by making clear its employees are vaccinated. Most of the staff members…
Continue Reading Companies scramble to protect their workers from India’s Covid surge
Big banks and accounting firms do most of their business in New York, London, Hong Kong and Tokyo. But they wouldn’t be able to function…
Continue Reading A timeline of Bill and Melinda Gates’ relationship
Bill and Melinda Gates announced the end of their 27-year relationship Monday, shocking the business and philanthropic worlds. “After a great…
Continue Reading Ethereum’s 27-year-old creator is now a billionaire
Vitalik Buterin, a 27-year-old Russian-Canadian programmer, created ethereum in 2013 when he was 19. The cryptocurrency launched in 2015, and now…
Continue Reading Gun background checks soared in April
Editor’s note: This story and headline have been corrected. An earlier version overstated the number of gun sales that have been recorded in…
Continue Reading Krispy Kreme files IPO paperwork
Krispy Kreme is preparing to go public. The doughnut company said on Tuesday that it has confidentially filed paperwork related to a public offering…
Continue Reading Epic Games and Apple spar over consoles and walled gardens on opening day of trial
Epic Games and Apple kicked off their high-profile trial on Monday, beginning a legal battle that is expected to run for at least two weeks and has…
Continue Reading Anyone can use this powerful facial-recognition tool — and that’s a problem
You probably haven’t seen PimEyes, a mysterious facial-recognition search engine, but it may have spotted you. If you upload a picture of your…
Continue Reading Conan O’Brien ends his long run in late night next month
An era in late night television is coming to an end next month. “Conan,” Conan O’Brien’s show on TBS, will end its run on…
Continue Reading Ethereum is leaving bitcoin in the crypto dust
Hunter S. Thompson once wrote, “There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether…
Continue Reading American factories are desperate for workers. It’s a $1 trillion problem
Demand for goods is skyrocketing as the US economy reopens from the pandemic. But there’s a big problem: American factories can’t find…
Continue Reading Attorneys in Gates divorce also worked on Bezos split
You can’t make this stuff up. Two of the attorneys on opposite sides of the Bill and Melinda Gates divorce case also represented the opposing…
Continue Reading What you need to know about the board deciding Trump’s fate on Facebook
The question of whether former President Donald Trump should be allowed back on Facebook is the biggest, most contentious and most controversial…
Continue Reading Why Amazon and Alphabet may need to split their high-priced stocks
Amazon and Google owner Alphabet are two of the most valuable companies on the planet. They dominate their industries, generate tons of cash and are…
Continue Reading Broadway sticks to fall reopening despite New York lifting restrictions
Theater fans eager for Broadway’s reopening will have to wait a few more months. New York’s theater owners on Tuesday said they are still…
Continue Reading Walmart’s online store isn’t profitable. Now it’s borrowing from Amazon’s playbook
Let’s say you’re shopping for something on Walmart.com — maybe t-shirts. Under the category on the site, you’ll see a number of…
Continue Reading Gun sales are surging in a surprising state
Concerns about looming gun control legislation and rising crime continued to fuel gun sales in America throughout the month of April, according to…
Continue Reading Goldman Sachs wants its US workers back in the office next month
It looks like most Goldman Sachs workers will be back in Lower Manhattan by mid-June, marking another milestone in the reopening of New York City and…
Continue Reading The world’s largest jewelry brand is ditching mined diamonds
Pandora produces more jewelry than any other company in the world. And on Tuesday, it announced a major change: It won’t use any more mined…
Continue Reading The global chip shortage is going from bad to worse. Here’s why you should care
In the market for a new car, smartphone or washing machine this year? A global shortage of computer chips could mean you have to wait a while and pay…
Continue Reading Want to invest in crypto? Here’s what you need to know
Cryptocurrency is having a moment. Between the meteoric rise of dogecoin, Tesla accepting bitcoin as payment for its vehicles and PayPal allowing…
Continue Reading Disney unveils a real-life lightsaber
Ever since “Star Wars” premiered in 1977, kids and adults alike wanted to get their hands on a lightsaber. The “elegant weapon for…
Continue Reading What is Dogecoin? How a joke became hotter than bitcoin
Dogecoin is the hottest, quirkiest cryptocurrency on the planet. The total value of the dogecoins in circulation is nearly $50 billion — not bad…
Continue Reading Banks are scrambling to protect their back office workers from India’s Covid surge
Big banks and accounting firms do most of their business in New York, London, Hong Kong and Tokyo. But they wouldn’t be able to function…
Continue Reading Twitter’s new subscription product could include ad-free journalism
Twitter, known for instant and short-form expression, is investing more in the media business and long-form journalism. The company announced Tuesday…
Continue Reading When a market bubble isn’t the end of the story
From the price of stocks to ethereum, it’s no secret that markets continue to look extremely frothy. What’s happening: The S&P 500…
Continue Reading Why journalists have to make decisions about how to cover the January 6 riot aftermath
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. “Yesterday…
Continue Reading Bill and Melinda Gates are ending their marriage
Bill and Melinda Gates are ending their marriage after 27 years, the pair announced in a statement on their verified Twitter accounts. “After a…
Continue Reading One of the world’s best restaurants is going vegan
One of Eleven Madison Park’s most iconic dishes has been whole roasted duck with daikon and plum — it’s a classic of the…
Continue Reading Los Angeles Times names ESPN’s Kevin Merida as its new top editor
The Los Angeles Times has its new top editor: Kevin Merida of ESPN will start as executive editor in June, the paper announced Monday. Merida brings…
Continue Reading SpaceX splashdown: Four astronauts to return from record-breaking mission
Four astronauts are on their way home from the International Space Station aboard a SpaceX Crew Dragon capsule, ending their five-month mission to…
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