Money

Tesla’s decision to invest in Bitcoin has sent prices to a record high. But it’s not the only catalyst driving the cryptocurrency’s rapid ascent. What’s happening: Bitcoin leaped above $48,000 for the first time ever after Tesla said Monday that it would soon accept Bitcoin as payment for its vehicles. The electric carmaker, led by

Coca-Cola is launching a new bottle size for the first time in a decade, but it’s what the bottle’s made of that marks an even more notable first: 100% recycled plastic material. The new 13.2-ounce recyclable bottle that some customers will see on shelves this week is made entirely of other plastics, and it’s the

Elon Musk’s Tesla spent the last couple of years trying to win over China in a bid to conquer the world’s largest car market. Now the company risks upsetting Beijing’s powerful regulators. The electric carmaker has been summoned by five Chinese regulatory agencies to answer questions about the quality of its Shanghai-made Model 3 cars,

Nearly two months into the largest vaccine rollout in US history, Instagram continued to prominently feature anti-vaccination accounts in its search results, while Facebook groups railing against vaccines remained easy to find. Facebook has for years grappled with addressing anti-vaxxer content. Late last year, it established new rules to tackle Covid-19 vaccine misinformation after pledging

It gave a brief and tantalizing glimpse into what a free Chinese internet might have looked like. But on Monday night, social media app Clubhouse appeared to have been blocked in China just days after it became the go-to app for uncensored conversations on a host of sensitive issues banned on other platforms. Over the

Some Disney fans will finally have the chance to return to the California Adventure Park next month for a limited-time experience, about a year after the entertainment giant’s theme parks closed because of the pandemic. Disneyland Resort President Ken Potrock announced the plan Monday in a letter to workers sent in honor of California Adventure’s

Larry Kudlow is being tapped to revitalize Fox Business Network in the afternoons. Kudlow, who was the director of the National Economic Council under President Trump, is taking over the channel’s 4 p.m. hour starting February 16. His unnamed show will re-air at 7 p.m., which means he is partially replacing Lou Dobbs, whose 5

It’s an exciting day if you’re an investor in Bitcoin and/or Tesla. The cryptocurrency soared to a new all-time high of $44,868.98 per bitcoin after the electric car maker said in regulatory filings that it will soon accept it as payment for its vehicles. Tesla also said it has invested $1.5 billion in bitcoin as

The V-shaped recovery in the stock market is gathering serious momentum. The S&P 500 is now 75% higher than its low point last March. The Nasdaq has more than doubled since its pandemic low. Tesla shares are up a staggering 900% over that span. And an army of traders on Reddit were able to send

After years of struggling to crack down on vaccine misinformation, Facebook is once again revising its policies to get tougher. On Monday, the company announced several ways it plans to better combat vaccine misinformation, including making it harder to find accounts through searches on Facebook-owned Instagram that discourage people from getting vaccinated. The announcement comes

The collective buying power of Asian Americans far outpaced other demographic groups over the past 20 years and was on track to reach $1.3 trillion in 2022 before the Covid-19 pandemic hit US shores, according to a newly-unveiled Nielsen study. Higher rates of immigration and higher-than-average incomes were key factors in the rise of Asian

If you are looking for another sign that the economy is rebounding and that average Americans are finally starting to benefit, you should check out what’s happening with financial stocks. Shares of regional banks are thriving. Those small financial firms make most of their money from taking deposits and issuing mortgages and small business loans.

Two of Asia’s biggest names in tech, Masayoshi Son and Jack Ma, are keeping in touch through personal drawings. Son, the CEO of SoftBank, opened up about some of his recent exchanges with the Alibaba co-founder during an earnings presentation Monday, saying that the two billionaires remained in contact after Ma mostly disappeared from public

Chevron has built a $170 billion fossil fuels empire that has made the 141-year-old company synonymous with the oil-and-gas industry. But the climate crisis is forcing oil companies large and small to rethink their once-reliable business models. While US oil companies have been far more reluctant than their European rivals to shift away from their

Shares of Hyundai and Kia plunged on Monday after the South Korean automakers said they were not in talks with Apple to develop self-driving cars after all. “We are not having talks with Apple about developing self-driving cars,” Hyundai said in a statement. The statement added that Hyundai has received requests from “numerous companies” about

As conservative media has largely abandoned false accusations that electronic voting companies conspired in an attempt to overturn election results, MyPillow CEO Mike Lindell has emerged as one of America’s most prominent voices still promoting that debunked conspiracy theory. That could get him sued just like the right-wing media operations that once made those same

Dig beneath the topline numbers in the government’s monthly jobs report and you can see just how unprecedented the pandemic-fueled jobs crisis really is. Every aspect of Americans’ working lives has changed — for the worse. The unemployed The US economy is down 9.9 million jobs since the pandemic began, more than the jobs lost

Jim Hoft, the founder and editor-in-chief of far-right news site Gateway Pundit, was permanently suspended from Twitter Saturday after he violated the social media platform’s “civic integrity policy.” Hoft joins a list of other right-wing accounts that have recently been banned for promoting falsehoods about the 2020 presidential election. The list notably includes Former President

The pandemic is pushing economic policy to the limits. Governments around the world are running record budget deficits, and central banks are becoming addicted to easy money policies that would have been unthinkable two decades ago. One big question: Can things ever go back to normal? First, a bit of background: Over the past decade,

Tesla is betting big on bitcoin, saying it may soon accept the digital currency as payment for its cars. And the most valuable car company on the stock market said it is holding some of its cash in bitcoin rather than traditional currency. In its annual filing with the Securities and Exchange Commission, Tesla said