Money

Citizen, an app that started as a service for real-time crime alerts made waves late last week with news that it was testing a private, on-demand security force, after a company-branded patrol car was spotted in Los Angeles. Now the company has said that test is over, and that it will not launch its own

Uber has recognized a labor union for the first time in a move that could boost efforts by gig economy workers to win better employment rights. GMB, one of Britain’s largest unions, will now be able to represent up to 70,000 drivers across the United Kingdom — one of Uber’s most important international markets —

Larry Summers is urging Washington to tap the brakes on stimulus — or risk unleashing a serious burst of inflation. “I think policy is rather overdoing it,” Summers said in recorded comments at a CoinDesk conference that were released Wednesday. “The sense of serenity and complacency being projected by the economic policymakers, that this is

“The Five,” one of the most popular shows on Fox News, is losing its liberal co-host — and Fox fans seem thrilled. Juan Williams, the lone dissenter on the conservative program, is stepping down from his co-host spot. He announced his departure on Wednesday afternoon’s broadcast. His exit is effective immediately. Fox says another liberal

Eric Carle, the author and artist of “The Very Hungry Caterpillar” and dozens of other popular children’s book, has died at 91. On Wednesday, Carle’s Twitter account acknowledged the death, indicating he died Sunday. “From the Eric Carle Team: It is with heavy hearts that we share that Eric Carle, author & illustrator of The

Amazon founder Jeff Bezos will officially step down from his role as chief executive on July 5, he announced during the company’s annual shareholder meeting Wednesday. Bezos will hand the reins to Andy Jassy, who currently runs Amazon Web Services, after a nearly three-decade run leading the internet giant that made him one of the

A Dutch court has ruled that Royal Dutch Shell must dramatically reduce its carbon emissions in a landmark climate decision that could have far reaching consequences for oil companies. The company must slash its CO2 emissions by 45% by 2030 from 2019 levels, according to a judgment from a district court in The Hague on

A hedge fund that’s criticized ExxonMobil’s climate strategy won enough shareholder support to oust at least two directors from the oil giant’s board, a major loss for the once-mighty company. For the first time in modern history, America’s largest oil company faced a credible challenge from an activist investor, Engine No. 1. Upset with Exxon’s

Jamie Dimon acknowledged the housing boom may be getting out of hand, but the JPMorgan Chase CEO isn’t worried about a repeat of the Great Recession. Dimon acknowledged during a Senate hearing on Wednesday that there “is a little bit of a bubble in housing prices.” But, he added, “unlike in ’08 and ’09, when

Russia and Iran are the top two sources of coordinated fake activity on Facebook, according to a new report released by the company. Facebook’s report, published Wednesday, shows how foreign and domestic covert influence operators have shifted their tactics and grown more sophisticated in response to efforts by social media companies to crack down on

Bitcoin miner Marathon Digital Holdings held a call Sunday with Elon Musk about the potential to make mining greener. Musk’s announcement about the call — on Twitter, of course — sent bitcoin surging earlier this week. Prior to the call, Tesla reversed its position on bitcoin, saying it would no longer accept crypto for car

James Bond, meet Jeff Bezos. Amazon is investing even more heavily in growing its position in the entertainment world. The company announced Wednesday that it made a deal to acquire MGM, the home of James Bond and one of the most iconic movie studios in Hollywood. The deal, which is valued at $8.45 billion, gives

A hedge fund that’s criticized ExxonMobil’s climate strategy won enough shareholder support to oust two directors from the oil giant’s board, a major loss for the once-mighty company. For the first time in modern history, America’s largest oil company faced a credible challenge from an activist investor, Engine No. 1. Upset with Exxon’s financial performance

Ford is doubling down on electric vehicle development, announcing Wednesday it will invest $30 billion in electrification efforts by 2025. The automaker also pledged that 40% of its vehicles sold by 2030 will be electric. Ford had previously announced plans to spend $22 billion on electrification efforts and had recently revealed plans to build two

MGM, a classic Hollywood brand synonymous with “The Wizard of Oz” and Leo the roaring lion, was purchased for $8.45 billion on Wednesday by Amazon, a company currently valued at nearly $1.7 trillion. Being gobbled up by a tech behemoth is a fitting finale for a studio that has been whittled down over the last

Shares of Walgreens, CVS and Rite Aid dropped Wednesday following a report that Amazon is considering opening brick-and-mortar pharmacies in the United States. Walgreens dropped 4%, CVS fell 2% and Rite Aid was off 3% during mid-morning trading. Business Insider reported early Wednesday that Amazon is eying opening physical stores in a “handful” of locations,