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White House press secretary Jen Psaki said Friday that one of her deputies, TJ Ducklo, had been suspended for one week without pay after a Vanity Fair story revealed Ducklo had threatened a reporter who was working on a story about his romantic relationship with another reporter. “This in our view was an important step

Bitcoin’s big week got bigger with an announcement from rapper Jay Z and Twitter CEO Jack Dorsey that the pair are establishing a bitcoin development fund. Dorsey tweeted the news Friday, writing that they are taking applications for a “blind irrevocable trust” focused on Africa and India. He promises the fund will have “zero direction”

For a CEO who receives no salary, Elon Musk’s 2020 payday reached sky-high levels. He received four grants to buy 8.4 million Tesla shares in 2020. After paying the exercise price, those blocks of stock options were each worth $6.2 billion at Wednesday’s closing price. The combined $24.8 billion value of those options alone is

Revolut is on a mission to build a global digital bank. The British company is already one of Europe’s biggest fintechs. Now Revolut is setting its sights on a bigger prize: America. Valued at $5.5 billion, Revolut has more than 15 million customers around the world and last spring it quietly entered the US market.

The UK chairman of accounting firm KPMG is resigning after he told staff in a meeting to stop complaining about the pandemic and said that there was “no such thing as unconscious bias.” In a video of the meeting published by the Daily Mail, Bill Michael can be seen telling employees they “are in a

Amazon is waging a legal battle with New York’s attorney general over the company’s Covid-19 protections for workers, filing a federal lawsuit to preempt the state’s demands for more safety measures. In a complaint Friday, Amazon rejected an earlier conclusion by New York Attorney General Letitia James finding that the company had fallen short of

The UK economy suffered its biggest slump in more than three centuries last year, with GDP falling by nearly 10% over the course of 2020. That means the Covid-19 pandemic has effectively wiped out all growth in the United Kingdom over the last 7 years, returning the economy close to the size it was in

Ken Goldin has sold sports trading cards for four decades. What happened earlier this month still shocked him. In early February, a Michael Jordan rookie basketball card in pristine condition sold for a record $738,000 at an auction run by Goldin’s company. The kicker? The exact same item went for nearly $215,000 just weeks before.

Roughly three-quarters of US tax filers typically end up getting a refund after they file their federal income tax returns. Last year 77% of filers got one, and the average refund was $2,549, according to IRS data. But this year, many filing their 2020 taxes may see a bigger check than usual thanks to several

Twitter permanently banned an account on Thursday belonging to Project Veritas, a conservative group founded by controversial activist James O’Keefe. The decision followed what a Twitter spokesperson described to CNN Business as repeated violations of the platform’s policies prohibiting sharing — or threats of sharing — other people’s private information without consent. Twitter declined to

Disney kicked off its 2021 fiscal year much as it spent most of 2020, with the pandemic hammering many of its businesses. But Disney+ continues to be the star of the company. Disney’s revenue came in at $16.2 billion, which was down 22% from last year, the company said during its first quarter earnings on

Friday marks the start of Chinese New Year, also known as Lunar New Year. The 15- to 23-day celebration is usually big business for Chinatown communities in cities across the United States. But in a pandemic, this year’s Lunar New Year is expected to be a bust for Chinatown. The annual affair is traditionally celebrated

SpaceX created a swarm of about thousand satellites that is circulating about 340 miles overhead, and building the constellation has put SpaceX in a “deep chasm” of expenses, according to CEO Elon Musk. The constellation has also raised concerns about potential in-space collisions and the impact on astronomers’ ability to study the night sky. But

Instagram on Wednesday took down the account of controversial anti-vaccine activist Robert F. Kennedy Jr. “We removed this account for repeatedly sharing debunked claims about the coronavirus or vaccines,” a spokesperson for Facebook, which owns Instagram, said in a statement. Kennedy, the son of late former US Attorney General, US Senator and presidential candidate Robert