Money

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 strong start to 2021. Google’s parent company reported revenues of $55.3 billion for the first three months of the year — a 34% jump from the same period last year —

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 little or nothing in federal income taxes. “Congress didn’t wake up one morning and say, ‘Let’s punch enough holes in the tax code so that Amazon and Netflix can earn billions

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 Tuesday, Crocs reported that sales surged 64% in its first quarter, to $460 million. The company also raised its 2021 sales forecast, saying it now expects revenue for the year to increase

Amazon wants to make grocery deliveries more convenient and protect them from theft and bad weather by bringing them straight into customers’ garages. The move comes as the company tries to expand its grocery business. Here’s how it works: First you need a compatible smart or wi-fi enabled garage door opener. Once that’s set up

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 finding gas. Not that there’s a looming shortage of crude oil or gasoline. Rather, it’s the tanker truck drivers needed to deliver the gas to stations who are in short

In a surprise move over the weekend, “Saturday Night Live” announced that business mogul Elon Musk would be hosting the NBC variety show on May 8. Some “SNL” cast members didn’t seem too excited about it. In an Instagram story, cast member Bowen Yang wrote “what the f— does this even mean?” as a caption

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 retailer. Now, GameStop has cashed in with a sale of more than $550 million in stock. Shares of GameStop rose about 5% Tuesday on the news of the stock sale.

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 Tuesday, Crocs reported that sales surged 64% in its first quarter, to $460 million. The company also raised its 2021 sales forecast, saying it now expects revenue for the year to increase

NBA Top Shot is the hottest NFT marketplace on the planet. It’s also got a big problem: Customers are complaining about exceptionally long wait times to get paid from sales of digital tokens that can often cost hundreds of thousands of dollars. NBA Top Shot is the online marketplace where investors can spend hundreds to

Rupert Murdoch has officially scrapped plans to launch a TV news channel in the United Kingdom. In a note to employees Tuesday, Murdoch’s News UK said that it had determined that such a channel didn’t make sense financially following a review by US network veteran David Rhodes. “We determined early on in that review that

“I remember the punched-in-the-gut feeling I had the moment I learned that a young male reporter with just a few years of experience had nearly the exact same salary that I had, despite my two decades as a working journalist.” “Some reporters with advanced degrees earn less than $20 per hour. How are people supposed

There may not be a bigger promoter of the idea that humanity should go to Mars than Elon Musk. But Musk is once again in the news for admitting, though not for the first time, the truth about his dream: “A bunch of people probably will die” in the process. Musk made the comments during

Losses caused by the collapse of US hedge fund Archegos have topped $10 billion. Swiss bank UBS revealed on Tuesday that it lost $774 million from last month’s implosion of Archegos Capital Management, a bigger hit than many analysts expected. The announcement came as Japan’s Nomura said it would book losses of $2.9 billion from

Beyond Meat is replacing its signature plant-based burger with a version designed to taste more like animal beef. The newest recipe, which will eventually replace the current product, removes mung beans — a protein-rich legume — from the ingredient list and adds some vitamins and minerals to make the product taste meatier and more closely

Amazon’s Fire Kids tablets have long been popular among younger users, but now the company is targeting older kids with a brand-new lineup. Amazon announced on Tuesday that it will debut a Fire Kids Pro tablet aimed for users ages 6 to 12. Its existing Fire Kids models are intended for kids ages 3 to

Tesla just posted record quarterly profits, with one measure of earnings passing the $1 billion mark for the first time. But in order to justify its sky-high stock price, the automaker will need to overcome a growing list of challenges. What’s happening: A global chip shortage is snarling production, while the business environment in China,