Robinhood fires back after Warren Buffett slams free-trading app
Warren Buffett and Berkshire Hathaway vice chairman Charlie Munger are not big fans of short-term trading and the popular Robinhood app. But it…
Continue ReadingMoney
Verizon offloads Yahoo and AOL in $5 billion deal
Verizon is exiting the media business, announcing Monday that it’s selling the unit for $5 billion to private equity firm Apollo Global…
Continue Reading Parents were hit hard in the pandemic. But vaccines and Biden’s spending plans could change that
America’s parents — mothers in particular — have been hit hard by the pandemic. Supervising distance learning and keeping their children…
Continue Reading Can Warren Buffett, the Oracle of Omaha, still see the future?
Warren Buffett’s ability to pick investments that pay off over the long term has transformed him into a billionaire and made him the…
Continue Reading Warren Buffett names his successor
Warren Buffett said Monday that Greg Abel, the head of Berkshire Hathaway’s non-insurance business, will be his successor — although…
Continue Reading This startup grows kelp then sinks it to pull carbon from the air
Carbon emissions are a huge contributor to climate change, so companies are getting creative about finding ways to suck the heat-trapping element out…
Continue Reading Move over, bitcoin. Ethereum is at an all-time high
Bitcoin prices continued their rebound Monday, rising about 4% to nearly $59,000. But the world’s largest cryptocurrency has been overshadowed…
Continue Reading They are hunted and in hiding but Myanmar’s journalists continue to report the truth
Journalist Ye Wint Thu was already on the run when his name and photo appeared on a wanted list broadcast by Myanmar’s military junta. For…
Continue Reading TikTok has a new CEO
TikTok has finally appointed a new permanent chief executive, eight months after its former leader called it quits as the United States was…
Continue Reading The Biden administration is taking fact checks to heart, at least some of the time
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. CNN reporter and…
Continue Reading SpaceX-NASA Crew-1 astronauts returned from ISS — here’s what went down
A SpaceX Crew Dragon capsule soared back from outer space Sunday morning and made a parachute landing in the Gulf of Mexico, returning four…
Continue Reading Biden’s climate push promises ‘jobs, jobs, jobs.’ Here’s what that might look like
In his first address to a joint session of Congress last week, President Joe Biden framed his climate change agenda as a once-in-a-generation…
Continue Reading News outlets adjust coverage as CDC shifts mask guidance
Media outlets have covered Covid-19 safety protocols for more than a year now. But with new CDC mask guidelines in place, newsrooms are shifting…
Continue Reading Elon Musk asks Twitter for help coming up with SNL sketch ideas
Elon Musk is calling on Twitter to help him prepare to host Saturday Night Live. The Tesla CEO tweeted, “Throwing out some skit ideas for SNL.…
Continue Reading Washington Post, New York Times, and NBC News retract reports on Giuliani
The Washington Post, The New York Times, and NBC News on Saturday issued significant corrections, retracting earlier reporting that said Rudy…
Continue Reading Disneyland reopens after being closed for more than a year
Disneyland reopened Friday after being closed for more than a year, but many health safety protocols will continue to be enforced. The theme park in…
Continue Reading Epic v. Apple: The legal challenge that could remake the future of the digital economy
Ever since it was launched in 2008, the Apple App Store has been the sole gatekeeper between apps and iPhones and iPads. Other platforms, such as…
Continue Reading Has Wall Street missed the boat on cryptocurrencies?
Big banks have changed their attitude toward cryptocurrencies in recent years, going from dismissive to cautiously interested. But Wall Street still…
Continue Reading Why banning political discussions at work is flawed
Late last month, Basecamp, a project management software company, banned “societal and political discussions” at work. Given the…
Continue Reading Social media is a lifeline for desperate Indians. And a threat for Narendra Modi
On most days, Network Capital, a business networking group with over 67,000 members on Facebook, focuses on providing its community with information…
Continue Reading Buffett’s Berkshire pressured to be more environmentally and socially responsible
Warren Buffett defended the decision by Berkshire Hathaway to not put out reports from its many subsidiaries about how the company is addressing the…
Continue Reading Hilton launches a dog menu for pets who helped their owners through the pandemic
Many people forced into isolation during the Covid-19 pandemic credit their pets for keeping them sane through the lockdown. Hilton wants to reward…
Continue Reading Washington Post, New York Times retract reports on Giuliani
The Washington Post and The New York Times on Saturday issued significant corrections, retracting earlier reporting that said Rudy Giuliani had been…
Continue Reading Mambacita apparel line honoring Kobe Bryant’s late daughter sells out in less than a day
Kobe Bryant’s late daughter Gianna’s new Mambacita apparel line went on sale Saturday on what would have been the teen basketball…
Continue Reading The Fortune 500 now has two Black women CEOs. That’s actually an improvement
Thasunda Brown Duckett officially took the helm as the new CEO of TIAA on Saturday, becoming the fourth Black woman ever to head a Fortune 500…
Continue Reading Chlorine shortage may be bad news for pools this summer
Summer is around the corner, but anyone who is looking forward to a refreshing dip in the pool to cool off may be in for a big “shock.” A…
Continue Reading Live from LA, it’s Buffettpalooza. What to expect from Berkshire Hathaway’s annual meeting
Forget the Oscars. If you’re looking for star power — in the business world, at least — it doesn’t get any bigger than Warren…
Continue Reading Everyone is worried the economy is ‘overheating’. But what does that actually mean?
The economy is on the path to recovery but it’s still far from repaired. Yet investors and economists are already worried it might be growing…
Continue Reading Warren Buffett’s Berkshire Hathaway rebounds from pandemic with $11.7 billion profit
Warren Buffett’s Berkshire Hathaway returned to profitability in the first quarter of this year after reporting a nearly $50 billion loss…
Continue Reading
Eli Broad, LA philanthropist for the arts and education, dies at 87
Eli Broad, an entrepreneur and businessman known for creating two billion-dollar businesses and establishing the iconic Broad Museum in Los Angeles,…
Continue Reading India doesn’t want to shut down its economy again. It may get crushed anyway
India’s government locked down the country last year to avoid an out-of-control Covid-19 outbreak that so many of the world’s countries…
Continue Reading Dining out is back, as America gets vaccinated
Across the country, Americans are getting vaccinated. States and cities are loosening pandemic-related restrictions. And people are heading back to…
Continue Reading Peloton is rolling out fans’ most-requested features
Peloton has found its polish slightly fading this year after a prosperous 2020 that catapulted the fitness company into a new stratosphere of…
Continue Reading People are dining out almost like it’s pre-pandemic times again, OpenTable data shows
Across the country, Americans are getting vaccinated. States and cities are loosening pandemic-related restrictions. And people are heading back to…
Continue Reading Peloton is rolling out fans’ most-demanded features
Peloton has found its polish slightly fading this year after a prosperous 2020 that catapulted the fitness company into a new stratosphere of…
Continue Reading Americans’ incomes zoomed higher at record speed in March
The economic recovery is underway and while there’s still plenty of work to be done, new data on Americans’ incomes shows the…
Continue Reading People are ready to have sex again: Condom sales are surging
Condom sales have been in a slump during the pandemic as people sheltered at home and put their sex life on hold. But now, as more Americans are…
Continue Reading Walmart sets up vaccine clinics for Flipkart workers as India grapples with Covid crisis
Walmart is setting up vaccination clinics for more than 200,000 of its workers and their families in India, as the country grapples with a…
Continue Reading Instacart shoppers demand answers over alleged wrongfully deactivated accounts
For Rachael Freedman, shopping for on-demand grocery delivery startup Instacart felt like something of a dream job. Freedman, who is based in San…
Continue Reading Europe’s recession deepened in the first quarter but the recovery is underway
Europe fell deeper into recession in the first three months of the year, but the region’s economy is already turning a corner and looks set to…
Continue Reading These TikTok stars built a VC firm backed by Anthony Scaramucci and the Winklevoss twins
Social media influencers have enormous power to set trends, create overnight sensations and broadly define what’s cool. Josh Richards, a…
Continue Reading EU accuses Apple of breaking antitrust law over music streaming
European regulators have accused Apple of violating EU antitrust law, saying the company’s app store rules unfairly restrict rival music…
Continue Reading Why Amazon is the ‘perfect’ moneymaking machine
Throughout the pandemic, Amazon has had no trouble generating huge returns. Once the Covid-19 crisis passes, it’s in great shape to make even…
Continue Reading China orders Tencent and other big tech firms to curb their finance businesses
Chinese regulators have ordered more than a dozen tech companies to fix the most “prominent problems” of their financial units,…
Continue Reading Joe Rogan addresses his controversial anti-vaccine comments
Joe Rogan, Spotify’s top podcast host, responded to the controversy surrounding his remarks that healthy young people should not get the Covid…
Continue Reading Biden’s first address to Congress wasn’t immune to TV ratings erosion
The television ratings for President Joe Biden’s first address to a joint session of Congress were far weaker than the equivalent events by…
Continue Reading Amazon profit soars more than 200% in the first quarter
Amazon’s profits more than tripled in the first quarter of 2021, as the pandemic continued to boost its online retail, cloud and advertising…
Continue Reading New York City sues Chipotle, alleging hundreds of thousands of labor law violations
New York City is suing Chipotle Mexican Grill, alleging that the company violated a law that requires fast food chains to give their employees more…
Continue Reading Jimmy Kimmel’s interview with the MyPillow CEO got pretty weird
Jimmy Kimmel has interviewed many eccentric guests as the host of “Jimmy Kimmel Live!” over the years, but one of his most surreal…
Continue Reading You can now buy a seat on a Blue Origin rocket
Blue Origin, the Jeff Bezos-backed space tourism venture, will soon begin selling tickets for its rocket. The company made the announcement in a…
Continue Reading The world doesn’t have enough computer chips. That’s bad news for you
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 Amazon plans to raise wages for 500,000 workers
Amazon has announced that it will raise wages for more than 500,000 workers — but it’s not planning to increase its $15 per hour minimum…
Continue Reading This fast food chain is now one of the most diverse workforces in America — except for its top executives
Shake Shack has emerged as one of the most diverse employers in America after hiring more than 1,000 people in 2020. But the premium burger…
Continue Reading US economy soared in the first quarter, growing at a 6.4% rate
America is on the path to recovery and economic growth is rampant. But the pandemic recession has been severe and we’re still not done growing…
Continue Reading Biden at 100 days: Hottest stock market since JFK
The Biden bust that the Trump campaign warned of has morphed into a Biden boom. The S&P 500 is up 8.6% since the market close on January 20, the…
Continue Reading This fast food chain is now one of the most diverse workforces in America — except for its executives
Shake Shack has emerged as one of the most diverse employers in America after hiring more than 1,000 people in 2020. But the premium burger…
Continue Reading The global chip shortage has come for iPads and Macs
Even America’s biggest company can’t save itself from a global shortage of crucial computer chips. What’s happening: Apple just had…
Continue Reading Hong Kong has fined a journalist for ticking a box. That shows the city’s media freedoms are in jeopardy
Last Wednesday, Hong Kong journalist Bao Choy was honored for her investigative work. The following day, she was convicted for it. In essence, Choy…
Continue Reading Facebook lifts the lid on how it’s making money from WhatsApp
Since Facebook paid a whopping $19 billion to buy WhatsApp in 2014, investors have wondered how it will cash in on the acquisition, especially after…
Continue Reading Apple just had a massive quarter thanks to the 5G iPhone
Apple’s steady stream of hardware upgrades and new services launched throughout the pandemic has held the company in good stead going into…
Continue Reading Ford posts strong earnings but warns chip shortage will get worse before it gets better
Ford posted a much better first quarter than Wall Street was expecting. But it warned that the computer chip shortage that has dogged automakers will…
Continue Reading Apple starts 2021 strong with $89.6 billion in revenue
Apple’s steady stream of hardware upgrades and new services launched throughout the pandemic has held the company in good stead going into…
Continue Reading Walmart is coming after Kanye West’s Yeezy logo
Walmart is coming after Kanye West for releasing a proposed logo design that the retailer says too closely resembles the company’s own logo.…
Continue Reading Fed leaves rates near zero, reiterates it’s not worried about inflation
The Federal Reserve said Wednesday the US economy is growing stronger, but it left interest rates unchanged near zero. Interest rates will stay the…
Continue Reading Fed leaves rates near zero
The Federal Reserve said Wednesday the US economy is growing stronger, but it left interest rates unchanged near zero. Interest rates will stay the…
Continue Reading Microsoft is retiring its default font, and it wants your help choosing a new one
Microsoft is changing its default font for the first time in nearly 15 years, and it wants your help selecting the new one. And no, you can’t…
Continue Reading Toyota announces 1,400 jobs, new SUVs for Indiana plant
Toyota is planning to offer a new, large SUV with three rows of seats, and will add 1,400 jobs to an Indiana plant in order to build it. The…
Continue Reading Microsoft president: This is what technology will be like in 2030
Microsoft had another blowout quarter, a massive acquisition and a noteworthy investment in Georgia, which just passed a controversial bill that…
Continue Reading KFC’s biggest challenge: People can’t get enough of its fried chicken sandwich
America can’t get enough chicken sandwiches. That’s great news for KFC, which launched a new one earlier this year. KFC’s parent…
Continue Reading One of the world’s most famous Indian CEOs says he’s heartbroken about his country
Google CEO Sundar Pichai said it has been “heartbreaking” to witness the pandemic’s devastating impact on India, which is…
Continue Reading Tesla bought $1.5 billion in bitcoin early this year. By the end of March, it was worth $2.5 billion
Tesla’s $1.5 billion bitcoin bet from early this year had already increased in value by more than $1 billion by the end of last month. The…
Continue Reading Will Biden stick with Powell at the Fed?
President Joe Biden has a lot on his plate right now. But he’ll soon need to make an important decision about the future of the Federal Reserve…
Continue Reading Samsung unveils ‘mobile-first’ laptops
Samsung is bringing some of the strengths of its flagship Galaxy smartphones over to its notebook line. The company announced on Wednesday four…
Continue Reading ‘Total rubbish’ or the truth? UK media challenge Boris Johnson over shock coronavirus comments
UK media outlets from across the political spectrum are engaged in an unusually direct confrontation with Prime Minister Boris Johnson over…
Continue Reading Joe Rogan spread anti-vaccine misinformation. Spotify’s CEO is standing behind him
Spotify CEO Daniel Ek is standing behind and promoting his company’s top podcast host, Joe Rogan, even after Rogan spread anti-vaccine…
Continue Reading Exclusive: The Declaration of Independence is the next hot IPO
A copy of the Declaration of Independence is hitting the sizzling collectibles market, just in time for July 4th. And unlike other rare items up for…
Continue Reading Taco Bell enlists ‘world’s largest influencer’ for new ad campaign
It’s not a celebrity, but Taco Bell has enlisted something equally as recognizable for its first-ever global ad campaign: the moon. On May 4,…
Continue Reading Samsung unveils ‘mobile-first’ Galaxy Pro laptops
Samsung is bringing some of the strengths of its flagship Galaxy smartphones over to its notebook line. The company announced on Wednesday three…
Continue Reading Majority of Americans say US economic conditions are good for the first time during the pandemic, per CNN Poll
For the first time during the pandemic, most Americans approve of the economic conditions in the United States, according to a CNN poll conducted by…
Continue Reading Saudi Arabia could sell more of its crown jewel. China is the most likely buyer
Saudi Arabia is considering selling part of its giant state oil company to a major foreign investor, likely from China. The kingdom’s crown…
Continue Reading Boeing’s business is slowly improving, but troubles remain
Boeing’s business is improving. But its troubles are not yet behind it. The company on Wednesday reported a much smaller loss in the first…
Continue Reading He’s shaping the future of Spotify, one moonshot idea at a time
Spotify is frequently one step ahead of us, suggesting undiscovered songs, artists and podcasts based on what you listened to in the past. But who is…
Continue Reading Chicken coops for everyone: A rural chain is thriving as millennials flee cities
If you’re one of those millennials who moved to a rural or suburban area during the pandemic, it’s practically a requirement that you…
Continue Reading Battle of the billionaires: Jeff Bezos’ rocket company protests SpaceX’s latest NASA contract
Blue Origin is pushing back on NASA’s decision to hand a $2.9 billion contract to SpaceX to build the vehicle that will land the next…
Continue Reading America’s economy is rebounding. But it is still in a deep hole
America is emerging from the worst of the pandemic, and that will mean some eye-popping figures when the government releases economic growth data…
Continue Reading Big Tech is tightening its grip on the ads business
Big Tech companies continue to lap up huge amounts of money from advertisers as consumers spend more time online. That’s great news for their…
Continue Reading Samsung to unveil ‘most powerful Galaxy’ device yet
In a typical year, Samsung only holds two of its big “Unpacked” events. But this is no normal year. The South Korean consumer electronics…
Continue Reading Joe Rogan wades into the anti-vaccination narrative on his Spotify podcast
Joe Rogan, one of the world’s highest paid and most popular podcast hosts, is giving air to anti-vaccine narratives. On his Spotify exclusive…
Continue Reading Indian food delivery giant Zomato files for $1.1 billion IPO
Zomato, the Indian startup that acquired Uber’s local food delivery business last year, is headed for a mega IPO. The company on Wednesday…
Continue Reading Google parent Alphabet sees revenue jump 34% to $55.3 billion in the first quarter
Alphabet kicked off a big week for tech earnings as the industry starts to look ahead to a post-pandemic economy by reporting a characteristically…
Continue Reading Boring or fascinating? Journalists assess Biden’s term at the 100-day mark
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. American presidents…
Continue Reading Ugly no more: Crocs sales surge
There’s no end in sight for the ongoing love affair between Crocs, the maker of the often-mocked foam clog, and comfort-seeking consumers. On…
Continue Reading Elizabeth Warren: US taxes are rigged in favor of Amazon, Netflix and other big companies
Senator Elizabeth Warren is making her case for why America’s tax system is rigged by calling out Amazon, Netflix and other companies that pay…
Continue Reading Google revenue jumps 34% to $55.3 billion in the first quarter
Alphabet kicked off a big week for tech earnings as the industry starts to look ahead to a post-pandemic economy by reporting a characteristically…
Continue Reading You can now get Amazon groceries delivered inside your garage
Amazon wants to make grocery deliveries more convenient and protect them from theft and bad weather by bringing them straight into customers’…
Continue Reading Coming this summer: Gas stations running out of gas
Millions of people stuck at home for more than a year are expected to hit the road for much-needed post-pandemic vacations this summer. Good luck…
Continue Reading ‘SNL’ cast members signal they’re unhappy about Elon Musk hosting. He’s not the first to cause a stir
In a surprise move over the weekend, “Saturday Night Live” announced that business mogul Elon Musk would be hosting the NBC variety show…
Continue Reading ‘SNL’ cast members signal they’re unhappy about Elon Musk hosting. It’s not the first time
In a surprise move over the weekend, “Saturday Night Live” announced that business mogul Elon Musk would be hosting the NBC variety show…
Continue Reading GameStop cashes in on Reddit surge with big stock sale
GameStop shares have gone ballistic this year, surging more than 800% thanks to love from Reddit fans betting on a turnaround for the video game…
Continue Reading Crocs sales are soaring. Even Questlove wore a gold pair to the Oscars
There’s no end in sight for the ongoing love affair between Crocs, the maker of the often-mocked foam clog, and comfort-seeking consumers. On…
Continue Reading