Money

Finally, some good news: The outlook for the global economy is clearly improving. What’s happening: The Organization for Economic Cooperation and Development unveiled major upgrades to its global forecast on Tuesday. It said that “economic prospects have improved markedly in recent months,” pointing to the deployment of coronavirus vaccines and additional stimulus announcements. The Paris-based

Apple shares are down more than 18% from their January high. Amazon’s stock is off 12% from a recent peak in early February. And chipmaker Nvidia has seen its shares plunge 24% since the middle of last month. What’s happening: Tech companies are getting hammered by the recent sell-off in markets. Many stocks in the

Elon Musk’s net worth plunged last week as tech stocks got hammered and Tesla shares’ stunning rise quickly unraveled. Wall Street is growing increasingly nervous about rising bond yields, which could make borrowing more expensive. That could eat into corporate profits, which is why investors have begun to reverse some of the positions they took

Wall Street was in rally mode Monday — for the most part. Tech stocks and other momentum darlings — the so-called FAANG stocks — weren’t invited to the party. The Dow rose more than 300 points, or 1%, as investors cheered the Senate’s passage of a Covid-19 relief package that aims to bolster the US

Gov. Greg Abbott’s decision to “open Texas 100%,” lifting all Covid-19 restrictions and end his state’s mask mandate on March 10, is a political ploy that places his poll ratings above the health and safety of 29 million Texans. It’s a wrongheaded plan that risks prolonging the pandemic and endangering all Americans. When Abbott issued

While Twitter finds itself in a prolonged standoff with the Indian government over the company’s refusal to take down certain accounts, a senior executive of a very similar Indian social network says the sudden attention on his app has been “overwhelming.” “It feels like … you’ve just been put in the finals of the World

Harry and Meghan’s interview with Oprah Winfrey was a cultural earthquake, with upwards of 17 million viewers measured by Nielsen’s TV ratings scale. CBS, citing Nielsen data, said the two-hour special averaged 17.1 million viewers on Sunday night in the United States. The interview also aired in some other countries on Sunday, and will air

Wells Fargo is the latest big bank to embrace ambitious lending goals to fight the climate crisis. The bank is setting a goal of net zero greenhouse gas emissions — including from the companies and projects it finances — by 2050. It’s a major step for Wells Fargo, which has long been a major backer

As vacant apartments pile up in big cities, real estate agents are increasingly turning to TikTok to match twenty-somethings with rentals that are a steal by pre-pandemic standards. City dwellers — or those aspiring to be one — often flock to sites such as StreetEasy, Zillow, Compass, Trulia and Craigslist for apartment listings. But some

Not all rich people spend their money on space travel and charities. Some also want to own media companies. Jeff Bezos has The Washington Post. John and Linda Henry have The Boston Globe. Marc and Lynne Benioff have Time magazine. Laurene Powell Jobs has The Atlantic. And soon, most likely, Stewart Bainum Jr. will have

Apple is no longer making the iMac Pro, once the most-powerful computer the company offered. For those looking to get their hands on the all-in-one-Mac, they can still do so for a limited time. The $4,999 standard model can still be purchased on Apple’s website, but only while supplies last. Once existing inventory runs out,

Amazon-backed food delivery startup Deliveroo has announced plans to give some of its busiest riders £10,000 bonuses ($13,850) when it goes public in a huge London IPO. Deliveroo on Monday confirmed plans to list on the London Stock Exchange following a surge in business during the pandemic. The total value of transactions processed on its

China’s leaders are finalizing their political and economic agenda for the rest of 2021 and beyond. How the country achieves technological independence and tackles the climate crisis will be near the top. This year’s “Two Sessions” meeting — the most important annual event on China’s political calendar — is particularly noteworthy because Beijing will ratify

Twitter CEO Jack Dorsey is selling the first-ever published tweet as an NFT, a kind of digital collector’s item. Dorsey shared a tweet on Friday with a link to a digital platform called “Valuables,” that allows for the buying and selling of tweets autographed by their creators. The tweet up for bid is Dorsey’s first

Fox News follows the money and the Republican Party follows Fox News. Now, the network is setting the stage for what the next four years of the GOP might look like under the Biden administration. “We very much focus on on the center right. We think that’s where America is,” Lachlan Murdoch, Rupert Murdoch’s son