Money

Bad economic news was once again greeted with cheers on Wall Street as two top indexes closed out the week in record territory. Investors brushed off Friday’s surprisingly weak jobs report, which showed far fewer jobs were added last month than expected. The Dow gained about 230 points Friday. It and the S&P 500 both

Bad economic news was once again greeted with cheers on Wall Street. Investors brushed off Friday’s surprisingly weak jobs report, which showed far fewer jobs were added last month than expected. The Dow and the S&P 500 both rose to new all-time highs Friday, and the Nasdaq was up nearly 1% as big tech stocks

The world’s most famous electronic stock market can’t compete with the stubbornness of a 90-year-old billionaire. For decades, Warren Buffett has refused to split Berkshire Hathaway’s sky-high Class A shares, which traded hands Friday at a staggering $436,312. Buffett’s persistence finally caused a Y2K-like problem this week at Nasdaq. Here’s the issue: Nasdaq’s 32-bit computer

Watch President Biden address the jobs report in the player below. The pandemic continues to roil America’s economy, setting the job market on its head. Employers looking for workers are having trouble finding them, while many laid-off Americans remain on the sidelines waiting for a return to normal. It’s a confusing mess that’s confounding employers

A cryptocurrency that looks and sounds a lot like bitcoin has creeped up into the top 10 biggest digital currencies list: bitcoin cash. Bitcoin cash shares most of its code with bitcoin. But it is significantly faster at processing transactions. The cryptocurrency is having a moment: It surged more than 11% Thursday, and more than

Sean Hannity finds himself in familiar territory as of late: second place. For most of his career, the right-wing Fox propagandist has been in the shadows of someone else. When Bill O’Reilly was still at Fox News, Hannity could never quite catch him in the ratings race. But shortly after the 2016 election, Hannity’s close

Serial entrepreneur Gary Vaynerchuk is selling a new use case for NFT: “Smart event” tokens that have real value rather than digital art. Vaynerchuk’s VeeFriends NFT collection will give buyers three-year access to his VeeCon business and marketing convention. Customers can buy the tokens with etherium cryptocurrency. But he sees a broader future for NFTs

The US economy is roaring back to life after a long period of hibernation, sending companies scrambling to find workers that can help them meet a surge of demand. In many cases, they’re coming up short. What’s happening: A growing number of sectors are reporting problems with worker shortages. Uber and Lyft are offering incentives

IHOP is hoping to make amends with Adam Sandler next week after an unwitting hostess turned away the comedian at a Long Island location. The IHOP employee, not realizing she was talking to Adam Sandler, told the actor that the restaurant was busy, and it’d be a long wait to be seated. Sandler politely left

The US labor market collapsed a year ago when more than 20 million jobs vanished in a single month. Now the economy is healing, but millions of Americans remain out of work. And despite months of record jobs growth last summer, and with the pace of improvement picking up again this spring, the nation is

In a parallel universe, audiences around the world are heading to the cineplexes Friday to see Marvel’s “Black Widow” as it kicks off Hollywood’s lucrative summer movie season. Alas, not in this universe. Audiences will have to wait until July 9 to see Scarlett Johansson reprise her role as the avenging super-spy, and even then,

Beijing has ordered China’s cinemas to use the box office this year to spread propaganda celebrating the Communist Party. The country’s movie fans aren’t having it — and worry the new mandate is crowding out some of the Hollywood films they are clamoring for. Chinese moviegoers revolted last month after major ticketing sites around the

Gary Gensler, the newly installed chairman of the Securities and Exchange Commission, put Robinhood and Citadel Securities on notice Thursday about a potential crackdown in the Biden era. Gensler, whose nomination was endorsed by Senator Elizabeth Warren, repeatedly expressed concern about the “inherent” conflicts of interest that exist in the payment-for-order flow business model used

A major shareholder in Tesla has become bearish about the company. Scottish fund manager Baillie Gifford & Co. sold 11.1 million shares of Tesla during the first quarter, the firm disclosed in a filing Thursday. That sell off reduced the fund’s holdings by 40% since December 31. The shares sold constitute 1.2% of Telsa’s total