Money

Retail sales surged in March as federal stimulus checks bolstered wallets and the rollout of Covid-19 vaccines boosted spending at stores. The Commerce Department said Thursday that retail sales soared a seasonally adjusted 9.8% in March compared with the month prior. It was the steepest increase since May last year, when the retail sector stared

Ark Invest‘s Cathie Wood, known for her bullishness on momentum stocks, especially Tesla, is making another big bet: This time, on Coinbase Global. Three of Ark’s funds bought a combined $246 million stake in the cryptocurrency giant on its first day of trading Wednesday. In total, Ark Invest bought nearly 750,000 Coinbase shares, according to

In his final letter to shareholders as Amazon CEO before he steps down from the role later this year, Jeff Bezos spent much of his time addressing the complaints of critics, both directly and indirectly. He specifically noted the outcome of the unionization vote in Bessemer, Alabama, which resulted in Amazon workers voting overwhelmingly not

An overwhelming majority of people around the globe want emojis to be more inclusive and culturally distinct so they can show how they feel, according to a new Adobe study. Adobe’s latest Global Emoji Diversity & Inclusion report released Thursday found 83% of global emoji users want designers of the small digital images used to

Kroger wants to sell you more groceries online. And to do that, it’s banking on a strategy that’s drawing some skepticism on Wall Street. Kroger this spring is opening a $55 million, 375,000 square-foot fully automated distribution center outside Cincinnati in partnership with Ocado— the British online supermarket and warehouse specialist. It’s the first of

JPMorgan Chase CEO Jamie Dimon is bullish about the economy, but he remains concerned about the growing wealth gap, particularly for Black people, in the United States. “The American dream is fraying and income inequality is like the fault line,” Dimon said in an interview with David Axelrod, the founder and director of the University

Busch is sniffing around for a new CTO — “chief tasting officer” — and it wants your very good boy to apply. The beer brand is expanding its “Dog Brew,” a canine-friendly, alcohol-free bone broth it launched last year. According to Anheuser-Busch, the brew sold out within 24 hours. The role comes with a $20,000

Have you had the single-shot Johnson & Johnson Covid-19 vaccine within the last month? If you experience a severe headache that does not go away, significant abdominal or leg pain that does not subside, or increasing shortness of breath, health officials want you to call your doctor immediately. Those could be signs of an extremely

Bernard Madoff, whose name became synonymous with financial fraud, died while serving a 150-year sentence in Federal Prison. He was 82 years old. His death Wednesday at the Federal Medical Center in the prison in Butner, North Carolina, was confirmed by the US Bureau of Prisons. A cause of death was not released. In February

Kimberly Godwin is about to make history — as the incoming president of ABC News, she’ll be the first Black executive to run one of America’s major broadcast network newsrooms. ABC’s parent company, Disney, announced Godwin’s appointment on Wednesday. She will take over in May. Godwin is currently an executive vice president at CBS News,

Scientists at the Massachusetts Institute of Technology have turned spider webs into music — creating an eerie soundtrack that could help them better understand how the arachnids spin their complex creations and even how they communicate. The MIT team worked with Berlin-based artist Tomás Saraceno to take two-dimensional laser scans of a spider web, which

McDonald’s is requiring anti-harassment training across all 39,000 of its restaurants, the company said Wednesday. The trainings, among other measures, are designed to hold up a new set of brand standards, which focus on preventing harassment, discrimination and retaliation, preventing violence in the workplace, collecting feedback from employees and health and safety more broadly. “There

Editor’s note: This story was originally published on December 11, 2013, and has been updated. Bernard Madoff, the man behind the most notorious Ponzi scheme in history, died at age 82 while serving a 150-year sentence in federal prison. He was arrested on December 11, 2008, for bilking thousands of investors out of billions of

Cryptocurrency exchange Coinbase Global finally went public Wednesday afternoon at a valuation of nearly $100 billion, as the company takes advantage of surging demand (and prices) for bitcoin, ethereum and other digital currencies. Coinbase shares began trading at $381 a share, a more than 50% jump from the reference price for its stock of $250

Kimberly Godwin is about to make history — as the incoming president of ABC News, she’ll be the first Black executive to run one of America’s major broadcast network newsrooms. ABC’s parent company, Disney, confirmed Godwin’s appointment on Wednesday. Godwin will be taking over in May for James Goldston, who announced in January that he

The Fast & Furious series has pulled off a lot of stunts during its 20 year run. In “Furious 7,” Dwayne “The Rock” Johnson’s character flies an ambulance off a bridge and into a drone. In “Fast Five” cars drag a giant bank vault through the streets of Rio and in “Fast & Furious 6”