Money

Simone Biles, the most decorated gymnast ever and one of the world’s greatest athletes, is leaving endorsement powerhouse Nike for a deal with Athleta, the athletic clothing unit of Gap Inc. Biles is a significant signing for Athleta’s marketing efforts. She’s the first woman to capture five all-around gymnastic world championship titles, and the winner

Diapers are a pricey, essential item for parents. Now, they’re getting even more expensive, hurting low-income families already struggling with the pandemic’s economic woes. Disposable diaper prices rose 8.7% during the year ending April 10, according to the latest numbers from NielsenIQ, which tracks point of sale data from retailers. Diaper makers recently said they

When JPMorgan Chase agreed to finance a breakaway competition of some of the world’s richest soccer clubs, it expected some heated discussions. But America’s biggest bank didn’t foresee this: Following massive blowback from fans, the sport’s governing bodies, UK Prime Minister Boris Johnson, French President Emmanuel Macron and even the British royal family, efforts to

Bitcoin and other cryptocurrencies were deep in the red early Friday, selling off over worries that the US government will hike taxes in the near future. Bitcoin dropped below $50,000 per coin for the first time since early March. Bitcoin was down more than 9% at $49,759 early Friday, according to trading platform CoinDesk. The

This time last year, Indian entrepreneurs were in panic mode. The government had locked down the country’s entire population in a dramatic step to fight the coronavirus pandemic. Company founders feared the restrictions would leave them in a severe funding crunch that could hurt their ability to expand, pay salaries or even stay afloat. The

A SpaceX Crew Dragon spacecraft — carrying four astronauts from three countries — took off from NASA’s Kennedy Space Center in Florida Friday morning, beginning their six-month stay in space. This launch marked the third-ever crewed flight for Elon Musk’s company and the first to make use of a previously flown rocket booster and spacecraft.

Ten of the 12 founding members might have officially pulled out of the European Super League, but Barcelona has reiterated its commitment to the idea. On Tuesday, the new project collapsed spectacularly — less than 48 hours after it was announced — following the withdrawal of the six Premier League teams from the competition. Italian

Tesla’s “full self-driving” feature has attempted to drive under a railroad crossing arm while a speeding train passes. It’s nearly driven head on into a concrete wall of a parking garage, attempted ill-advised left turns, clipped at least one curb, and at least one driver was able to set a maximum speed of 90 mph

Rupert Murdoch’s New York Post tabloid newspaper makes a very clear statement on Thursday: “GET VAXXED!” It is a laudable message — or at least it would be if the Post hadn’t been spending so much energy recently fear-mongering on the Covid-19 vaccines. The front page features those words next to a newly-vaccinated resident’s arm

The Australian government has canceled a Belt and Road agreement signed by China and the state government of Victoria, escalating trade and diplomatic tensions between Beijing and Canberra. Victoria — the country’s second largest and wealthiest state — signed a memorandum of understanding on the Belt and Road Initiative (BRI) with the Chinese government in

An award-winning Hong Kong journalist has been convicted of providing false statements to access a database as part of an investigation into alleged police mishandling of a violent mob attack on pro-democracy protesters in 2019. In a case that’s been seen as a further blow to press freedoms in the city, Bao Choy was found

Vacant office space in New York City is the highest in nearly three decades and will likely hit “unprecedented levels” in the coming months. As many companies continue to work from home, data from global real estate services firm Cushman & Wakefield shows that the office vacancy rate in Manhattan reached 16.3% in the first

Food waste is a major contributor to the climate crisis. That’s why one company, Too Good To Go, is hoping its mystery food bags can be part of the solution. Uneaten food usually ends up in landfills and produces methane, a powerful greenhouse gas that contributes to global warming. An estimated 30% to 40% of

Disney and Sony Pictures Entertainment agreed to a multi-year licensing deal Tuesday that will bring your friendly neighborhood Spider-Man to Disney’s platforms, including Disney+. But there is a catch: The agreement comes just weeks after Sony and Netflix signed a similar deal and Disney channels and platforms, including Disney+, Hulu and ABC, will have access

The City of New York has filed a lawsuit in state court against Exxon Mobil, Shell, BP, and the American Petroleum Institute for allegedly misleading New York consumers about the role their products play in climate change and for allegedly “greenwashing” their practices to make them seem more eco-friendly than they are. “Three of the

US stocks tumbled Thursday over investors’ worries about higher taxes. All three major indexes closed deep in the red. The Dow fell 0.9%, or 321 points. The broader S&P 500 and the Nasdaq Composite also fell 0.9%. It’s not surprising that Wall Street doesn’t like higher taxes, particularly when it comes to capital gains —

US stocks are tumbling Thursday over investors’ worries about higher taxes. With only minutes left in the trading session all three major indexes promise to close dep in the red. The Dow down 0.8%, or nearly 300 points. The S&P 500 and the Nasdaq Composite also fell 0.8%. It’s not surprising that Wall Street doesn’t