Money

People in Australia can no longer find news on Facebook. Facebook said Wednesday that people and publishers in Australia cannot share and view news from local and international outlets. The announcement is a response to proposed legislation in Australia that would force tech platforms to pay news publishers for content. “What the proposed law introduced

The brutal winter storm in the United States is disrupting business across a range of industries, including many sectors that are still trying to recover from the pandemic. Widespread outages, particularly in Texas, have left millions of residents without power in frigid temperatures for a third day. At least 26 people have died. The storm

The winter storms and Arctic deep freeze that have blanketed the West, Midwest and South are still threatening lives and spreading misery, particularly in Texas. But even as millions suffer with access to power, water and heat, the political debate over causes and blame is hot and getting hotter. The icy disaster is already a

This was supposed to be the year Robinhood turned the page on its troubles and launched a massive IPO. And then GameStop mania happened. Robinhood ignited a firestorm last month when the free trading app suspended purchases of GameStop, AMC and other stocks that were sent to the moon by an army of traders on

Nigerians are recreating the distinctive signature style of new World Trade Organization boss Ngozi Okonjo-Iweala to celebrate her confirmation for the role. The former Nigeria Finance Minister was appointed by the WTO on Monday. She is the first woman and African to lead the global trade body. To honor this feat, Nigerians are donning her signature look: a full outfit and

Reactions to Rush Limbaugh’s death immediately devolved into arguments on social media on Wednesday — reflecting the fact that Limbaugh was always an American symbol of division. Right-wing media outlets and personalities extolled Limbaugh as a trailblazer — but the trail he blazed was exactly why critics derided him. The New York Times podcast host

A Black McDonald’s franchise operator has filed a lawsuit against the company, alleging that it steered him toward less profitable restaurants in lower-income, predominantly Black neighborhoods because of his race. Retired Major League Baseball player Herbert Washington, who currently operates 14 McDonald’s restaurants, filed the civil suit in Ohio on Tuesday. Washington’s allegations are similar

Europe is now trading more goods with China than the United States, a sign of how the pandemic is transforming the global economy. Data released this week by the European Union’s statistics service attributed the shift to a 5.6% increase in imports from China in 2020 and a 2.2% increase in exports. Meanwhile, there was

Google Maps can already tell you which train to take or map out an optimal driving route. Now, it’s simplifying travel even more by letting users pay for parking or public transportation right from their phones. As of Wednesday, users can connect their Google Maps accounts with their Google Pay wallets and make transportation-related payments

Rush Limbaugh, the conservative media icon who for decades used his perch as the king of talk-radio to shape the politics of both the Republican Party and nation, died Wednesday after a battle with cancer. He was 70 years old. Limbaugh’s wife Kathryn made the announcement on his radio show Wednesday. “As so many of

Applebee’s is launching a new online-only brand. The main menu item? Cheeto-flavored wings. Customers can start ordering from Cosmic Wings, which is available through Uber Eats, on Wednesday. On the menu: wings with two exclusive Cheetos sauces, original and Flamin’ Hot, plus cheese bites, chicken tender dippers, waffle fries and onion rings. The brand will

Amazon announced three new Alexa-enabled products on Wednesday: a smart sticky note printer, nutrition scale and cuckoo clock. But there’s a catch — the tech giant will only ship these items if enough people pre-order them. It’s like Kickstarter for Alexa. Artists, startups and organizations typically turn to Kickstarter to pitch new products and hit

Hedge fund Alden Global Capital will acquire the rest of what it does not already own of Tribune Publishing, owner of the Chicago Tribune, the New York Daily News and other local newspapers, in a deal valued at $630 million. The Chicago Tribune was first to report the news of the merger agreement. The acquisition

McLaren unveiled the Artura on Tuesday, a new hybrid supercar that is, relatively speaking, much more affordable than the British company’s previous hybrid models. McLaren’s other hybrid cars have been limited production hypercars, like the $2 million Speedtail and the $1 million P1. With a price tag of $225,000 in the US, the Artura is

The Trump Plaza Hotel and Casino in Atlantic City has been demolished, ending a nearly 40-year run at the New Jersey shore. Trump Plaza opened in 1984 and was once a key aspect of former President Donald Trump’s sprawling real estate portfolio. The casino was shuttered in 2014, and the building has since fallen into

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. “Gut punch.” That’s what Daniela Altimari wrote in reaction to Tuesday’s news that Alden Global Capital, a widely feared hedge fund, is buying the rest of Tribune Publishing and taking the newspaper owner private. Altimari

Investors have been dumping shares in Chinese drone maker EHang, after a short-seller accused the US-listed company of fraud. Shares of the Nasdaq-listed firm plummeted nearly 63% in New York on Tuesday after Wolfpack Research released a scathing, detailed report questioning EHang’s business. The stock trimmed its losses Wednesday, bouncing 35% higher to about $62