Money

Wild, stomach-churning moments are part of the experience when you buy a ticket to the crypto circus. But the past week’s volatility was enough to make some of the crypto faithful wonder whether they’ve been bamboozled. On Wednesday, a broad crypto crash wiped out about $1 trillion in market value — a staggering drop from

In his first-ever court appearance as CEO of Apple, Tim Cook sought to defend the tech giant from allegations that it abuses its market power by touting it as a principled company with an obsessive focus on users. Apple’s mission “is to make the best products in the world that really enrich people’s lives,” Cook

Tim Cook has fielded questions from Congress about Apple’s market power. Now he’s about to be grilled on it for the first time in federal court. The iPhone maker’s chief executive is set to take the stand Friday morning as the company’s high-profile antitrust trial with Epic Games nears an end. At the center of

Darlene Demiraiakian started working as an independent contractor for Handy, an on-demand service for home cleaning and handyman tasks, more than a year and a half ago for the flexibility it provided her to make money while caring for her terminally ill partner. But she says there have been countless instances when something has gone

Covid-19 vaccines have created at least nine new billionaires after shares in companies producing the shots soared. Topping the list of new billionaires are Moderna CEO Stéphane Bancel and Ugur Sahin, the CEO of BioNTech, which has produced a vaccine with Pfizer. Both CEOs are now worth around $4 billion, according to an analysis by

Alden Global Capital, a hedge fund that’s been likened to a “vampire” and a “corporate strip miner,” has succeeded in its bid to buy all of Tribune Publishing, a chain of newspapers from Hartford to Orlando to Chicago. Reporters at the papers who banded together and sought alternatives to Alden said they will continue to

Microsoft CEO Satya Nadella on Friday responded to recent news about the conduct of the company’s founder, Bill Gates, that raised questions about the tech giant’s workplace culture. Nadella referenced an investigation Microsoft initiated two years ago into an affair between Gates and an employee that took place in 2000, and which was reported this

Amazon will shut down its Prime Now free two-hour grocery delivery app and website and fold the service into its main platform by the end of the year, the company said Friday. Amazon said it was making the move to simplify the shopping experience for Prime Now customers by allowing them to buy groceries and

Elon Musk said on Friday Tesla may soon come to Russia. “I think we’re close to establishing Tesla presence in Russia and that would be great. And more broadly, also in Kazakhstan and neighboring regions. It’s important for us to support Tesla supporters like yourself,” Musk said via video-link for an event for Russian students

Early in the testing phase of Apple’s M1 chipset, a milestone new product for the company, the processor was installed in a batch of Mac computers and given to staffers working on applications that demanded heavy processing power. It was a pivotal moment: the first time Apple had made its own chip for any of

It hasn’t been a great week for digital currencies. Bitcoin is trading nearly 40% below its record price of $64,000 following a sudden crash sparked by regulatory moves in China. Ethereum is down more than 35% from its all-time high, and dogecoin is off more than 45%. Investors expect cryptocurrencies to be volatile. But the

The end is finally near for Internet Explorer, one of Microsoft’s most-reviled products that refused to die. Microsoft announced this week that it will end support for Internet Explorer 11 on June 15, 2022. That final nail in the coffin came after years of flirting with IE’s demise. For example, in August 2020, Microsoft turned

Prince William, the Duke of Cambridge, has lambasted the BBC for contributing “significantly to her fear, paranoia and isolation” felt by his late mother, Princess Diana, in the years before her death, in a rare emotionally charged statement by a royal against the public broadcaster. The Duke’s comments come after the BBC offered an unconditional

Tim Cook has fielded questions from Congress about Apple’s market power. Now he’s about to be grilled on it for the first time in federal court. The iPhone maker’s chief executive is set to take the stand Friday morning as the company’s high-profile antitrust trial with Epic Games nears an end. At the center of