Money

One of the buzziest apps of the moment is now in disarray, with its social media star cofounder stepping down amid a controversy that sparked a backlash from at least one investor in the company and multiple advertisers with ties to him. David Dobrik, who has tens of millions of followers across YouTube, TikTok and

Tesla shares have slumped in recent weeks, losing 26% of their value between a record high in late January and its closing price Friday. But at least one analyst sees better times ahead — much, much better. Ark Invest, run by the influential Cathie Wood, expects Tesla shares to reach at least $3,000 by 2025.

Kylie Jenner seeking support for a GoFundMe effort aimed at helping pay medical bills for makeup artist Samuel Rauda did not go over well. Jenner recently shared an Instagram story seeking prayers for Rauda and directing her 222 million followers to a GoFundMe started to help pay his medical bills. According to the GoFundMe, Rauda

The NCAA basketball tournament, aka March Madness, is nirvana for sports bettors. But it’s March Madness on Wall Street too, as the blue-chip S&P 500 index is wagering that legal gambling is a growing trend that’s here to stay. Casino companies Penn National Gaming, which has a big stake in Dave Portnoy’s Bartsool Sports, and

Turkey could be on the cusp of another currency crisis after President Recep Tayyip Erdogan abruptly fired the head of the country’s central bank, putting the lira on track for its worst single day decline against the US dollar in nearly three years. The move will knock investor confidence at a crucial moment for Turkey’s

Kylie Jenner seeking support for a GoFundMe effort aimed at helping pay medical bills for makeup artist Samuel Rauda did not go over well. Jenner recently shared an Instagram story seeking prayers for Rauda and directing her 222 million followers to a GoFundMe started to help pay his medical bills. According to the GoFundMe, Rauda

Former President Donald Trump is coming back to social media — but this time with his own network, a Trump spokesperson told Fox News on Sunday. Jason Miller, a long-time adviser and spokesperson for Trump’s 2020 campaign told Howard Kurtz on Fox’s “MediaBuzz” that Trump will be “returning to social media in probably about two

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Department of Homeland Security Secretary Alejandro Mayorkas traveled to the US-Mexico border on Friday with a group of bipartisan senators. Typically on such a trip, a cabinet secretary and lawmakers would be accompanied by reporters

Like many New Yorkers, Adam Farbiarz eats a lot of takeout. But every time he finished a meal, he noticed he was left with a lot of garbage. In fact, New York residents used more than 23 billion disposable food service items in 2016, according to a report from the Overbrook Foundation, a human rights

There’s a reason economics is frequently called the “dismal science.” What’s happening: The US economy is on track for a boom, with the Federal Reserve predicting last week that it would expand by 6.5% this year. That would mark the fastest growth since 1984, when Ronald Reagan was serving his first term as president. But

Tesla CEO Elon Musk says his company’s cars would never be used for spying in China, in response to reports that the country’s military has banned the vehicles over such concerns. “There’s a very strong incentive for us to be very confidential with any information,” the billionaire said Saturday at the China Development Forum, an

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Despite the best attempts of some 1/6 denialists and apologists, the aftermath of the pro-Trump riot at the Capitol is still with us every day. Sometimes it deserves to be a lead headline while more

Media outlets are ramping up their coverage of anti-Asian violence following last week’s Atlanta shootings, but many Asian-American journalists feel the issue has been ignored for far too long. “We have been miserably late,” journalist Connie Chung told CNN’s Chief Media Correspondent Brian Stelter on “Reliable Sources” Sunday. “We are insignificant, and it’s so apparent

Saudi Aramco had a rough 2020, just like every other oil company. But Aramco isn’t any ordinary oil company — it’s the world’s biggest, and the pandemic’s toll on its business had a decidedly adverse effect on the Saudi-owned business. The company announced Sunday that its net profit fell a whopping 44.4% to $49 billion

Former President Donald Trump is coming back to social media — but this time with his own network, a Trump spokesperson told Fox News on Sunday. Jason Miller, a long-time adviser and spokesperson for Trump’s 2020 campaign told Howard Kurtz on Fox’s “MediaBuzz” that Trump will be “returning to social media in probably about two

Spring break is here and people suffering from a year of cabin fever are throwing caution to the wind. Saturday marked the 10th straight day on which more than 1 million passengers traveled through American airports. The TSA reported 1,369,180 travelers passed through security checkpoints Saturday, a day after air passengers set a new pandemic

Texas Roadhouse founder and CEO Kent Taylor died Thursday, according to a post on the restaurant chain’s Facebook page. He was 65. “Our community and the restaurant industry lost a legend and the Taylor family lost a wonderful son, father and grandad this week,” said a joint statement from Taylor’s family and Texas Roadhouse sent