Money

The price of bitcoin has taken a nosedive after Tesla CEO Elon Musk said his company was suspending plans to accept the cryptocurrency as payment for electric vehicles. Bitcoin was down around 12% early Thursday morning ET — bringing the coin’s price down to about $50,900, according to cryptocurrency news website Coindesk. Musk cited the

Elon Musk says Tesla is abandoning plans to accept bitcoin as payment for the company’s electric vehicles, citing the cryptocurrency’s high environmental cost after months of being bullish on it. “We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,”

A new reality TV show called “Unicorn Hunters” borrows the pitch-for-fame-and-fortune concept popularized by “Shark Tank” but adds an unusual twist: It’s not just the judges throwing money at the businesses. Viewers at home can invest, too. The new streaming series — which debuted Monday on its website, YouTube, LinkedIn and Facebook Video — features

Just about everything is getting more expensive in the United States as the stimulus-fueled economy rebounds and Americans are again spending on shopping, traveling and eating out. But the pandemic is far from over, and supply-chain woes mean supply isn’t meeting demand — sending prices even higher. Nearly all major components of the government’s inflation

Gas stations in the southeastern United States faced significant outages Wednesday as the Colonial Pipeline shutdown stretched into a sixth day, sparking panic-buying that has exacerbated the supply crunch. As of 4 pm ET Wednesday, 68% of all gas stations in North Carolina, 45% in Georgia, 49% in Virginia and 45% in South Carolina were

Earlier this year Twitter CEO Jack Dorsey sold a digitally signed copy of his first-ever tweet from 2006 for nearly $3 million. And that could be just the beginning for sales of celebrity non-fungible tokens, or NFTs. That’s according to Cameron Hejazi, CEO of Cent, the company that runs the Valuables site where Dorsey’s tweet

A growing number of gas stations along the East Coast are without fuel as nervous drivers aggressively fill up their tanks following a ransomware attack that shut down the Colonial Pipeline, a critical artery for gasoline. The panic-buying threatens to exacerbate the supply shock. US gasoline demand climbed by 14% on Tuesday compared with the

A devastating ransomware attack on a critical fuel pipeline in the United States has highlighted the growing threat that cyber criminals pose to the world’s largest corporations and strategic infrastructure. It also raises a thorny question: should companies held to ransom yield to extortionists or resist making payments? Often it’s a choice between regaining access

As pandemic restrictions ease, and more people get vaccinated and start returning to offices, some restaurants are seeing lunchtime crowds pick up. But this time, things are a little different. Among the changes restaurant owners have encountered: Boozy lunches getting boozier. Attire that’s less buttoned up. And at least one pandemic-era addition — the partition

About the only thing that hasn’t been hurt by the hacking attack that shut down the Colonial Pipeline? The company’s market value. If it were publicly traded, the Colonial’s stock would undoubtedly have tumbled. But the 59-year-old firm is privately held, with its ownership split among five owners spread across five countries on four continents.

Hackers are holding one of America’s most important pipelines hostage, a stunning development that should serve as a warning to even bigger targets: the nation’s financial industry. The nightmare scenario is that a Colonial Pipeline-style ransomware attack disrupts major banks or even financial markets, dealing a blow to the flow of money and confidence in

The supply chain shortage just got fowl: Chick-fil-A is limiting the number of sauces it’s giving out to customers because of limited stock. The chicken chain said Wednesday that industry-wide supply chain issues, which are affecting essentially every aspect of the economy, has resulted in a “shortage of select items” that Chick-fil-A serves, including sauces.

A devastating ransomware attack on a critical fuel pipeline in the United States has highlighted the growing threat that cyber criminals pose to the world’s largest corporations and strategic infrastructure. It also raises a thorny question: should companies held to ransom yield to extortionists or resist making payments? Often it’s a choice between regaining access

Chickens are in short supply. Part of the blame goes to Tyson’s roosters. The meat processor, which sells poultry along with beef and pork, said that its chicken volumes have been low in part because the roosters it uses for breeding are not meeting expectations. “We’re changing out a male that, quite frankly, we made

Just about everything is getting more expensive in the United States as the stimulus-fueled economy rebounds and Americans are again spending on shopping, traveling and eating out. But the pandemic is far from over, and supply-chain woes mean supply isn’t meeting demand — sending prices even higher. Nearly all major components of the government’s inflation

The US government will no longer blacklist Chinese smartphone maker Xiaomi, lifting a short and contentious ban on Americans investing in the company that was introduced by the Trump administration. The US Department of Defense and Xiaomi reached an agreement to set aside the ban on Tuesday, according to a US court filing. The “parties