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The chief executives of Facebook, Google and Twitter faced withering criticism from members of Congress on Thursday about their handling of misinformation and online extremism during their first appearance before lawmakers since the Jan. 6 Capitol riots and the rollout of the coronavirus vaccine. Members of the House Energy and Commerce Committee pressed Facebook CEO

Purdue Pharma has filed a restructuring plan to dissolve itself and establish a new company dedicated to programs designed to combat the opioid crisis, according to court documents filed Monday. As part of the proposed plan, members of the Sackler family have agreed to pay an additional $4.2 billion over the next nine years to

The company that owns Olive Garden is raising wages in a bid to attract workers. But the move doesn’t go far enough to satisfy critics of a practice common in the restaurant industry. Currently at Darden Restaurants, which owns Longhorn Steakhouse, Cheddar’s Scratch Kitchen and other chains in addition to Olive Garden, all employees are

After teaming up with Oxford University, AstraZeneca produced a safe and effective Covid-19 vaccine in just nine months, a huge achievement that will help end the pandemic. But a series of missteps along the way has led to scathing criticism from policymakers and health officials, tarnishing the company’s image as a hero of the coronavirus

Meme stocks were back in business Thursday, as investors bought up shares of GameStop, boosting other Reddit-favorite stocks along with it. GameStop soared nearly 53% Thursday, lifted by investors’ hopes that a board overhaul could transform the video game store into a digital-first Amazon competitor. The company announced Tuesday that former Amazon fulfillment chief Jenna

As vaccine eligibility expands across the United States, more companies are offering incentives to get a jab. Many US companies are debating whether to mandate vaccines. Over 70% of current or recent CEOs of major companies said they were open to requiring vaccines, a poll by the Yale Chief Executive Leadership Institute said. “I think

The oil industry’s most powerful lobbying group announced Thursday that for the first time it will support setting a price on carbon, a significant shift that underlines intensifying pressure on Washington and business to tackle the climate crisis. But the devil will clearly be in the details. The American Petroleum Institute laid out a series

Tech stocks have taken a hit lately as investors continue to seek comfort in banks, big oil and other value sectors. But some fans of trendy momentum stocks aren’t giving up on them just yet. That’s the message from Cathie Wood of Ark Invest — who has become one of the more influential voices on

Intel CEO Pat Gelsinger has only been on the job for about a month. But the semiconductor giant has been in need of a bold, new strategy for some time, and on Tuesday, Gelsinger delivered. Intel unveiled several major initiatives — including a $20 billion investment in two new US chipmaking facilities — aimed at

Happy Birthday, stock market bull. One year ago this week, the stock market bottomed out. But since then investors have ridden a giant wave of vaccine progress, epic fiscal stimulus and unprecedented support from the Federal Reserve as trillions of dollars were spent to thwart a pandemic Depression. The S&P 500 has surged a stunning

Congress is set to grill the chief executives of Facebook, Google and Twitter about misinformation and online extremism on Thursday, in the executives’ first appearance before lawmakers since the Jan. 6 Capitol riots and the rollout of the coronavirus vaccine. Members of the House Energy and Commerce Committee are expected to press Facebook CEO Mark

Here’s the best worst news you’ll hear all week: Unemployment claims fell to a pandemic low. But they’re still higher than at any point during the Great Recession. A year ago, the United States essentially closed for business, sending tens of millions of workers to the unemployment lines. Many shops and other businesses quickly reopened,

Slack CEO Stewart Butterfield knows he screwed up. Wednesday morning, Slack rolled out a feature to let customers message Slack users at other companies. After a host of complaints, Slack made changes Wednesday afternoon. Customers noted that the new system, called Slack Connected, could be used to send unsolicited DMs and perhaps even abusive emails.

Some of the biggest names in finance are betting big on the success of Greenwood, the digital banking platform introduced last year by co-founders Ryan Glover and rapper/activist Michael “Killer Mike” Render. The burgeoning fintech startup — named for the early 20th century African-American business district in Tulsa, Oklahoma, that earned the nickname “Black Wall

Former Hewlett-Packard CEO Meg Whitman is joining the board of General Motors, adding another woman to one of the more diverse boards in corporate America. Also joining the board is Mark Tatum, deputy commissioner and chief operating officer of the National Basketball Association, who is both Black and Asian. With their addition to the GM

Tug boats are working to free a large container ship stuck in Egypt’s Suez Canal, halting traffic through one of the busiest and most important waterways in the world. What’s happening: Work continues to clear sand and mud away from the Ever Given, a 224,000-ton vessel that ran aground after 40-knot winds and a sandstorm

Good news, Peeps fans! Not only will Peeps be back on store shelves in time for Easter, but they’ll come in a new form too. Pepsi and Peeps are collaborating on a new drink that combines the two extra-sweet flavors, the companies announced Thursday. The new cola, dubbed “Pepsi x Peeps,” mixes the taste of