Money

In an apparent tit-for-tat move, BBC World News has been banned from airing in China, according to a statement from China’s National Radio and Television Administration (NRTA) on Thursday. The announcement comes one week after Ofcom, the British media regulator, said it had withdrawn a license for China Global Television Network, or CGTN, to broadcast

The Senate acquitted former President Donald Trump in his second impeachment trial Saturday, and “Saturday Night Live” made sure to lampoon the day’s proceedings using their own Tucker Carlson. Carlson, played by Alex Moffat, opened Saturday’s episode of the NBC variety sketch show with a quick run down of fear mongering non sequiturs like “is

White House deputy press secretary TJ Ducklo, who threatened a reporter who asked about his relationship with another reporter, has resigned. “We accepted the resignation of TJ Ducklo after a discussion with him this evening,” said Jen Psaki, the White House press secretary, in a statement. “This conversation occurred with the support of the White

Robinhood is in hot water for banning investors from buying GameStop during part of last month’s Reddit-driven market mayhem. And now Fidelity is being accused of preventing one investor from selling some Reddit darlings, a move he says cost him $830,000. Louis Hernandez filed a claim with Wall Street’s self-regulator against Fidelity Brokerage Services on

American households making less than $75,000 are feeling especially pessimistic about their financial futures, despite promises of more federal stimulus measures in the coming months, according to the latest University of Michigan’s consumer sentiment survey. That’s a bad sign for the broader US economy, which runs on consumer spending. And it further underscores the gap

White House press secretary Jen Psaki said Friday that one of her deputies, TJ Ducklo, had been suspended for one week without pay after a Vanity Fair story revealed Ducklo had threatened a reporter who was working on a story about his romantic relationship with another reporter. “This in our view was an important step

Bitcoin’s big week got bigger with an announcement from rapper Jay Z and Twitter CEO Jack Dorsey that the pair are establishing a bitcoin development fund. Dorsey tweeted the news Friday, writing that they are taking applications for a “blind irrevocable trust” focused on Africa and India. He promises the fund will have “zero direction”

For a CEO who receives no salary, Elon Musk’s 2020 payday reached sky-high levels. He received four grants to buy 8.4 million Tesla shares in 2020. After paying the exercise price, those blocks of stock options were each worth $6.2 billion at Wednesday’s closing price. The combined $24.8 billion value of those options alone is

Revolut is on a mission to build a global digital bank. The British company is already one of Europe’s biggest fintechs. Now Revolut is setting its sights on a bigger prize: America. Valued at $5.5 billion, Revolut has more than 15 million customers around the world and last spring it quietly entered the US market.

The UK chairman of accounting firm KPMG is resigning after he told staff in a meeting to stop complaining about the pandemic and said that there was “no such thing as unconscious bias.” In a video of the meeting published by the Daily Mail, Bill Michael can be seen telling employees they “are in a

Amazon is waging a legal battle with New York’s attorney general over the company’s Covid-19 protections for workers, filing a federal lawsuit to preempt the state’s demands for more safety measures. In a complaint Friday, Amazon rejected an earlier conclusion by New York Attorney General Letitia James finding that the company had fallen short of

The UK economy suffered its biggest slump in more than three centuries last year, with GDP falling by nearly 10% over the course of 2020. That means the Covid-19 pandemic has effectively wiped out all growth in the United Kingdom over the last 7 years, returning the economy close to the size it was in

Ken Goldin has sold sports trading cards for four decades. What happened earlier this month still shocked him. In early February, a Michael Jordan rookie basketball card in pristine condition sold for a record $738,000 at an auction run by Goldin’s company. The kicker? The exact same item went for nearly $215,000 just weeks before.

Roughly three-quarters of US tax filers typically end up getting a refund after they file their federal income tax returns. Last year 77% of filers got one, and the average refund was $2,549, according to IRS data. But this year, many filing their 2020 taxes may see a bigger check than usual thanks to several