Money

The New York Times’ goal of attracting 10 million subscribers by 2025 is very much within reach thanks in part to readers who have flocked to the paper’s coverage of last year’s most seismic events. On Thursday, the Times reported that it now has 7.5 million total subscriptions across digital and print. It added 2.3

When you post photos of yourself or friends and family online, you may not imagine they could be used to develop facial-recognition systems that can identify individuals offline. A new site hopes to raise awareness of this issue by offering a rare window into how a fraction of our pictures are used. Training a facial-recognition

Another 779,000 Americans filed for first-time unemployment benefits on a seasonally adjusted basis in the last week of January, the Labor Department said Thursday. For yet another week, claims were nearly four times the level of the same period last year, before the pandemic brought the nation to a standstill. This underscores once again that

A question consumed CNN employees recently: Was the company’s president, Jeff Zucker, going to leave after the presidential inauguration? Zucker came quite close to exiting, according to associates, but decided to stay on. He told employees on Thursday morning that he will remain with CNN’s parent, WarnerMedia, through the end of the year. “The truth

As vaccinations pick up speed and Covid-19 cases fall from their recent peak, economic data out of the United States looks increasingly promising. What’s happening: The Services PMI from the Institute for Supply Management, which uses surveys to track economic activity in the sector, just posted its highest reading in almost two years. “It was

In 1997, the year Amazon became a publicly traded company, CEO Jeff Bezos promised investors they would be in for a journey. Amazon would not chase short-term profits, he warned in a letter to shareholders. It would focus “relentlessly” on customers. It would act with urgency but prioritize long-term investments. And it would run a

Parler CEO John Matze has been terminated by the board of the embattled social media company, according to Parler investor and right-wing commentator Dan Bongino. Bongino’s announcement followed a report by Fox Business Wednesday afternoon highlighting a leaked memo written by Matze, in which the CEO reportedly claimed he had been fired by the owners

Merck CEO Kenneth Frazier, who is currently one of the few Black CEOs of a Fortune 500 company, is retiring in June, ending a nearly 30-year run with the company. The pharmaceutical giant announced the change Thursday, naming Chief Financial Officer Robert Davis as its new leader effective July 1. Frazier has served as Merck’s

Robinhood CEO Vlad Tenev is not licensed by FINRA, Wall Street’s powerful self-regulator, even though he presides over one of the nation’s largest and most powerful online brokers. ​ Tenev has emerged as the public face of Robinhood as the startup has come under fire for its decision​, on one of the market’s most volatile

In 1997, the year Amazon became a publicly traded company, CEO Jeff Bezos promised investors they would be in for a journey. Amazon would not chase short-term profits, he warned in a letter to shareholders. It would focus “relentlessly” on customers. It would act with urgency but prioritize long-term investments. And it would run a

Robinhood CEO Vlad Tenev is not licensed by FINRA, Wall Street’s powerful self-regulator, even though he presides over one of the nation’s largest and most powerful online brokers. ​ Tenev has emerged as the public face of Robinhood as the startup has come under fire for its decision​, on one of the market’s most volatile

The recent battle between short-sellers and Reddit’s WallStreetBets crowd over the stocks of a handful of distressed companies has erupted into the global spotlight. Reminiscent of speculative bubbles of the past — “a modified pump and dump,” in “The Wolf of Wall Street” author Jordan Belfort’s words — the latest mania has been fueled by

Robinhood, the stock trading app that helped fuel GameStop mania and ended up in a PR crisis, is running a Super Bowl ad. The 30-second spot, which will make its TV debut during Sunday’s game, highlights the company’s branding push that it is “opening America’s financial system to everyone.” The commercial features everyday people living

After a pandemic break, Peeps are back in production for Easter. Candy maker Just Born Quality Confections announced Wednesday that the sugary treats are returning to shelves just in time for the holiday, after a nine-month hiatus because of the pandemic. And Just Born decided in April to stop production to protect employees’ health as