Money

When the coronavirus took hold in the United States, ride-hail drivers watched their income evaporate. With people largely staying at home, there were drastically fewer people to transport. Now facing renewed demand from passengers, Uber has announced a $250 million “stimulus” that will fund incentives to entice drivers back onto the road. But some fear

Employees at Insider, the 13-year-old site formerly known as Business Insider, announced on Monday their intention to unionize with the NewsGuild. Insider was one of the few remaining digital-native media outlets that had yet to see a unionization effort springing from the movement that started with Gawker in 2015 and spread to HuffPost, Vox Media,

Consumers around the world have amassed an extra $5.4 trillion in savings since the coronavirus pandemic began, setting the stage for a spending boom that could power a strong uplift in economic growth this year. Households had stockpiled the excess savings, equal to 6% of global GDP, by the end of March, according to Moody’s

It has been a turbulent week for Bitcoin — and it’s only Monday. After the cryptocurrency suffered a flash crash on Saturday — plummeting some 14% — it is trying to regain some of the lost ground. Bitcoin rose a modest 0.1% against the US dollar early Monday, to more than $56,421 per coin. The

China is pushing forward with its experiment in creating a digital version of the yuan and may give foreign athletes and visitors a chance to use it at the 2022 Beijing Winter Olympics. Li Bo, a deputy governor of the People’s Bank of China, said on Sunday that the digital currency pilot was going well

Although Amazon soundly defeated the union drive at an Alabama warehouse earlier this month, the union behind the organizing effort isn’t giving up on the fight. The Retail, Wholesale and Department Store Union (RWDSU) filed formal objections with the National Labor Relations Board late Friday, alleging Amazon’s conduct in the lead up to and during

It’s game over for GameStop CEO George Sherman. The video game retailer and meme stock announced Monday that Sherman will be stepping down on July 31 — or earlier if a successor is found. The news is not a major surprise given that Ryan Cohen, the co-founder and former CEO of online pet supplies retailer

HSBC is scrapping the executive floor at its Canary Wharf headquarters in London, as one of the world’s biggest banks slashes office space and moves towards new ways of working following the pandemic. The bank’s top executives, including CEO Noel Quinn, will no longer work from private offices with sweeping views of the city on

After a hype-filled week for cryptocurrencies, Bitcoin experienced a flash crash over the weekend, plunging nearly 14% in less than an hour, from about $59,000 to $51,000, on Saturday night before rebounding. Other popular cryptocurrencies including ethereum and Dogecoin also fell dramatically, before recouping some of their losses. Bitcoin has skyrocketed in value this year

Country music singer Mickey Guyton will make history Sunday when she hosts the Academy of Country Music Awards with Keith Urban. The 37-year-old singer from Arlington, Texas, will be the first Black woman to host the awards ceremony. And this isn’t Guyton’s first time making history in the country music world. In September 2020, she

During the pandemic, cities such as Tulsa, Oklahoma, and Natchez, Mississippi, have offered remote workers cash to relocate there, while exotic destinations like Aruba have promoted their islands for stay-at-home jobs. Now, West Virginia wants to pay remote workers $12,000 to move to its country roads. On April 12, Gov. Jim Justice announced a program,

A US government agency issued an “urgent warning” for users of Peloton’s Tread+ following multiple dangerous incidents with the machine, including a child’s death. In a news release Saturday, the Consumer Product Safety Commission said it has become aware of 39 accidents involving the treadmill, including “multiple reports of children becoming entrapped, pinned, and pulled

At least 45 mass shootings have occurred in the United States over the past month, and America’s journalists are covering the stories as they unfold, both on the ground and from their computers. There is a mass shooting — when four or more people (excluding the gunman) are shot and wounded or killed — nearly

With Broadway theaters shut down during the pandemic, artists are turning to Clubhouse, a buzzy audio app often used for networking and virtual panels, to create free full-length musicals. Clubhouse, which is still in beta testing, is an invitation-only app with hundreds of audio chat rooms where its millions of users can talk about a

It’s been a weird year for Seth Meyers. In fact, it’s been a weird year for all of late night TV, not to mention the rest of us. Like others in the late night world, the host of NBC’s “Late Night” had to adjust to the pandemic by working from home — an attic to