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Wall Street has been riding high as America’s vaccination program exceeded expectations, lifting prospects of a speedy economic recovery. But a potential major disruption to that campaign sent stocks in reverse Tuesday. US stock futures fell after the United States urged a pause to the one-dose Johnson & Johnson Covid-19 vaccine. Stock futures had previously

There’s a new member in the pantheon of the worst-named companies in history. Introducing “Kyndryl.” That is the actual name of the IT services unit that IBM is spinning off from its core business. Soon, the 90,000 employees affected by the change will no longer say they work for “IBM” — perhaps one of the

No one knows for sure what the post-coronavirus era holds. But businesses are doing their best to get ready, announcing a wave of mergers and takeover bids designed to prepare them for what’s next. What’s happening: Global mergers and acquisitions worth $1.3 trillion were announced during the first three months of the year, according to

Intel has a plan to help alleviate the global chip shortage that has hampered the automotive industry, among others. CEO Pat Gelsinger told Reuters on Monday that Intel is in talks with companies that design chips for carmakers about manufacturing those chips in its factories. Intel could be producing the chips within six to nine

One of the world’s oldest and most prestigious newsrooms will be led by a female editor for the first time. Alessandra Galloni will be the next editor of Reuters News, the company announced on Monday. Galloni will succeed Stephen Adler, who said in January that he planned to step down in April. Reuters conducted what

Fox Corporation chief executive Lachlan Murdoch dismissed the Anti-Defamation League’s demand that the company fire host Tucker Carlson, telling the organization in a letter that his company saw no problem with comments Carlson made about the racist “great replacement” theory. “Fox Corporation shares your values and abhors anti-semitism, white supremacy and racism of any kind,”

Fox Corporation chief executive Lachlan Murdoch dismissed the Anti-Defamation League’s demand that the company fire host Tucker Carlson, telling the organization in a letter that his company saw no problem with comments Carlson made about the racist “great replacement” theory. “Fox Corporation shares your values and abhors anti-semitism, white supremacy and racism of any kind,”

Dozens of business leaders held an hour-long brainstorming session over the weekend to discuss ways to fight controversial voting restrictions proposed in states around the country. The Zoom meeting included Target CEO Brian Cornell, American Airlines CEO Doug Parker, Merck boss Ken Frazier, Atlanta Falcons owner Arthur Blank and James Murdoch, a person familiar with

Shops, gyms, pubs and beauty salons in England have welcomed back customers after three months of lockdown, delivering a crucial boost to retail and hospitality businesses that have been forced to close repeatedly during the pandemic. Shoppers braved unseasonably cold temperatures as they lined up outside stores in cities on Monday after restrictions on non-essential

Cyberattacks are now the foremost risk to the global financial system, even more so than the lending and liquidity risks that led to the 2008 financial crisis, according to Federal Reserve Chairman Jerome Powell. The assessment by one of the world’s leading banking officials underscores how the threat of hacking has become a top concern

China has ordered Alibaba to pay a record fine of 18.2 billion yuan ($2.8 billion) after antitrust regulators concluded that the online shopping giant had been behaving like a monopoly. Chinese state media reported Saturday that the State Administration for Market Regulation had imposed the penalty following an antitrust investigation into Alibaba’s “exclusive dealing agreements”

The bitcoin bull market rages on: The price of one bitcoin is back above $60,000, and not far from its all-time high, as investors gear up for this week’s eagerly awaited direct listing of cryptocurrency exchange Coinbase Global. Bitcoin has more than doubled this year, and it represents just over half of the overall cryptocurrency

In a bold acquisition that could solidify Microsoft’s growing influence in the health care industry, the tech company agreed to buy artificial intelligence developer Nuance in a deal worth $16 billion, excluding debt. Nuance is a leader in healthcare artificial intelligence. Paired with the Microsoft Cloud for Healthcare, introduced in 2020, Microsoft could make a

Federal Reserve Chair Jerome Powell said the US economy is at an “inflection point,” and that growth and job creation is poised to accelerate. Powell made the comments during an interview on CBS News’ “60 Minutes.” In the interview, Powell provided a rosier economic outlook, in contrast to past remarks on the economy’s recovery. “What

Mastercard wants consumers to understand how much their spending habits are contributing to carbon emissions and global warming. The credit card company created a calculator that measures consumers’ carbon footprints based on what they purchase. The tool, which will be available on Monday, focuses on specific spending categories but doesn’t track individual transactions. The calculator

After a raucous start to the year, Wall Street expected non-professional traders to pump chunks of their $1,400 stimulus checks into the stock market, supporting popular names like Tesla and Apple. So far, that doesn’t appear to be happening. Breaking it down: Retail investors who helped power GameStop mania haven’t been rushing to buy their