Money

The historic agreement from the world’s richest nations to impose a global minimum tax doesn’t pose much of a threat to Corporate America’s bottom line. In a win for President Joe Biden, G7 nations announced their support last weekend to impose a global minimum tax rate of at least 15%. Treasury Secretary Janet Yellen said

Bitcoin is plummeting yet again. The cryptocurrency has fallen roughly 8% over the past 24 hours, according to Coindesk, and was trading near $33,200 at 4:45 a.m. ET on Tuesday. Other digital currencies, including ethereum and dogecoin, also fell around 8% or more. The value of bitcoin has tanked more than 40% over the last

Gap is finally showing off a first look at its new Yeezy collection with Kanye West nearly a year after the retailer signed the rapper. The first item in the collaboration is a bright blue round jacket that costs $200. Pre-orders have begun on Gap’s website in the United States and will ship in the

This article is adapted from the new edition of “Hoax: Donald Trump, Fox News, and the Dangerous Distortion of Truth,” which was published in paperback on Tuesday. When Donald Trump lost the presidency last November, Fox News lost too. But unlike Trump, Fox was never in denial about its loss. The network’s executives and multi-million-dollar

El Salvador could become the first country to adopt bitcoin as a legal tender, Salvadorian President Nayib Bukele announced in a video recording shown during the Bitcoin 2021 conference held in Miami. “Next week I will send to congress a bill that will make bitcoin a legal tender,” Bukele said, according to the conference’s organizer,

Jeff Bezos will be flying to space on the first crewed flight of the New Shepard, the rocket ship made by his space company, Blue Origin. The flight is scheduled for July 20th, just 15 days after he is set to resign as CEO of Amazon. Blue Origin said Bezos’ younger brother, Mark Bezos, will

Burger King is making a statement during pride month: It’s trying to get a leg up in the chicken sandwich wars by taking a not-so-subtle dig at rival Chick-fil-A’s fraught history with the LGBTQ+ community. The fast-food chain tweeted last week that it would donate 40 cents to the Human Rights Campaign for every Ch’King

Apple kicked off its annual developers conference on Monday by unveiling new features on iOS 15 that cater to our lives as the world begins to emerge from the pandemic, including updates to video calls on FaceTime and digital keys in Apple Wallet. On FaceTime, Apple will offer new options to let users watch movies

A half-dozen AMC leaders are cashing in on the “meme stock” madness. Four AMC executives and a pair of directors unloaded more than $8 million worth of shares last week, according to regulatory filings. The stock sales occurred as shares of the world’s largest theater chain skyrocketed, in large part because it’s a favorite of

America’s stores are having trouble bringing on staff to meet growing demand from customers as the US economy regains steam. So they’re turning to an incentive less commonly deployed in the retail industry: sign-on bonuses for new hires. Amazon, Ollie’s Bargain Outlet, Tops Markets supermarket chain, Sheetz convenience stores and many smaller stores are offering

Batteries are heavy. That’s why, generally, electric cars weigh considerably more than otherwise similar gasoline-powered vehicles. Take the GMC Hummer EV, for instance. The Edition 1 version, which has lots of batteries for additional driving range and power, weighs over 9,000 pounds. That’s roughly three times the weight of a Honda Civic. That has important

In a 1916 issue of The Atlantic Monthly, John D. Rockefeller Jr. wrote about workers’ right to organize. More than 100 years later, the staffers of that same publication are exercising that right. Staffers at The Atlantic announced Monday their plans to form a union and referenced in their mission statement Rockefeller Jr.’s essay, in

Elon Musk is pulling the plug on his promised Tesla Model S Plaid+ super car about a year before it was expected to go on sale. Tesla still plans a “Plaid” version of the car. In a tweet on Sunday, the Tesla CEO said that Plaid+ was being canceled because there was “no need, as

Elon Musk is pulling the plug on his promised Tesla Model S Plaid+ super car about a year before it was expected to go on sale. Tesla still plans a “Plaid” version of the car. In a tweet on Sunday, the Tesla CEO said that Plaid+ was being canceled because there was “no need, as

Apple is about to reveal its latest set of changes to the software used everyday by millions of people — and possibly some new gadgets, too. Apple’s annual Worldwide Developers Conference, a multi-day event that is typically heavy on software news, is set to kick off with a keynote at 1 p.m. ET on Monday.

The list of high-profile ransomware attacks grows longer and more alarming by the week, impacting everything from gas pipelines and meat supplies to ferries. Those companies and agencies that get hit must scramble to protect their systems and a tough decision on whether to pay hackers to remove the disruption. In the face of that