Money

Mobile apps and games platform AppLovin raised $2 billion in an initial public offering Thursday that valued the company at $28.6 billion. The Palo Alto, California-based firm makes software to help developers market and monetize their apps, and it also has its own portfolio of more than 200 mobile games. AppLovin’s developer software has more

Spurred on by renewed optimism about the post-pandemic recovery and a strong fear of missing out, investors keep pushing stocks higher. What’s happening: The Dow Jones Industrial Average closed above 34,000 for the first time on Thursday as Wall Street celebrated a strong start to corporate earnings season. But US stocks aren’t the only ones

Kyra Sedgwick once had a nosy moment as a house guest. The actress appeared on Wednesday’s episode of “The Drew Barrymore Show” and told Barrymore a story about attending a party filled with movie stars at Tom Cruise’s house about 30 years ago. Sedgwick says this was around the time she had starred in the

For the second time this week, Dogecoin has hit a milestone. And this time around, it may be thanks to the world’s richest man. The virtual currency, which features the face of a Shiba Inu dog as its logo, soared more than 100% to hit an all-time high of $0.298 Friday morning, according to cryptocurrency

Bitcoin and Ethereum aren’t the only digital currencies that are hitting record highs this week. Dogecoin, the cryptocurrency that features the face of a Shiba Inu dog as its logo, has surpassed 10 cents for the first time. The virtual currency, which originally started as an internet parody more than seven years ago, has surged

CBS is merging its national news division with its local TV stations and naming two executives to jointly run it all. Neeraj Khemlani is joining from Hearst and Wendy McMahon is joining from ABC. Both executives worked at CBS earlier in their careers. In the new structure, they will be presidents and co-heads starting in

CBS is merging its national news division with its local TV stations and naming two executives to jointly run it all. Neeraj Khemlani is joining from Hearst and Wendy McMahon is joining from ABC. Both executives worked at CBS earlier in their careers. In the new structure, McMahon and Khemlani will be presidents and co-heads

Regulators in Massachusetts are seeking to pull the plug on Robinhood just as the booming app aims to go public in a blockbuster IPO. The Massachusetts Securities Division escalated its months-long battle against the controversial startup Thursday by moving to revoke its broker-dealer license in the state. To make their case, state regulators accused Robinhood

Disney is striving to make its theme parks — “The Happiest Place On Earth” — more inclusive. In a blog post this week, the chairman of Disney’s parks division Josh D’Amaro committed to updating attractions, modernizing the parks’ values and, perhaps most visibly, changing the guidelines for how park employees — better known as Disney

The UK’s public broadcaster, the BBC, received over 100,000 complaints over the level of coverage of Prince Philip’s death, the network said Thursday. Figures made available by the BBC showed 109,741 complaints had been made, as of Thursday, “driven by reaction to the amount of coverage given to the death of the Duke of Edinburgh.”

Despite what Pete Davidson’s rap spoof suggests, NFT isn’t just for crazy kids with cash to burn. You want proof? You can buy them at Sotheby’s. The market for the unique digital collectibles remains volatile, but Sotheby’s has given the NFT space legitimacy. First Move’s Julia Chatterley spoke to Sotheby’s CEO Charles Stewart Thursday. People

Mercedes has unveiled its largest and most luxurious electric car yet. The Mercedes EQS is the battery-powered equivalent of the Mercedes S-Class sedan, the brand’s flagship model. Like the S-Class, the EQS is designed for roominess and comfort. With no need for a large engine, the EQS has a sloping hood, making it reminiscent of

Reese’s is launching its own makeup line — and no, it’s not edible. The candy brand is teaming up with makeup company HipDot for a limited-edition collection that includes a eye shadow palettes in “milk chocolate” and “white chocolate” with six shades in each, as well as two lip balms and two makeup brushes. The

Walmart is investing in GM’s self-driving vehicle company, Cruise, as it works to build out its delivery network. The size of the investment was not disclosed, but it is less than $750 million, as Cruise said its more than $2 billion funding round expanded to $2.75 billion when Walmart and institutional investors joined. Cruise said

Google Earth users can now see the striking effect of climate change over the past four decades. Google’s latest feature, Timelapse, is an eye opening, technical feat that provides visual evidence of how the Earth has changed due to climate change and human behavior. The tool takes the platform’s static imagery and turns it into

Disney is striving to make its theme parks — “The Happiest Place On Earth” — more inclusive. In a blog post this week, the chairman of Disney’s parks division Josh D’Amaro committed to updating attractions, modernizing the parks’ values and, perhaps most visibly, changing the guidelines for how park employees — better known as Disney

Since the pandemic hit the US airline industry last March, major carriers have been burning through millions of dollars a day. For Delta Air Lines, at least, that ended last month. The company reported it lost $2.3 billion in the first three months of the year, excluding special items. And although the airline still reported