Money

In New Zealand, rugby isn’t just a sport. It’s a national obsession, a major cultural force and a huge source of pride. So news that Silver Lake, a private equity firm based in California, is looking to buy 12.5% of the revenue generated by the All Blacks, the fearsome national team that’s dominated the global

Live from New York, it’s … a market-moving corporate liability. This weekend, Tesla CEO Elon Musk is hosting “Saturday Night Live,” which, in case the name wasn’t clear enough, is broadcast live. That means NBC relying on Musk to filter his thoughts in real time, despite little evidence, historically, of him holding back on just

Just when you thought you were in the clear to stock up on toilet paper again, wood pulp, the primary raw material used to make it, is getting more expensive. “We’ve never seen monthly price increases like this in the history of the business,” said Brian McClay, a pulp industry analyst. “It’s unheard of.” Prices

You would think that federal safety regulators would have broad powers to order the recall of products they find dangerous or even deadly. You would be wrong. Agencies such as the Consumer Product Safety Commission and the National Highway Traffic Safety Administration typically can only request — not demand — that companies order a recall

Bad economic news was once again greeted with cheers on Wall Street as two top indexes closed out the week in record territory. Investors brushed off Friday’s surprisingly weak jobs report, which showed far fewer jobs were added last month than expected. The Dow gained about 230 points Friday. It and the S&P 500 both

Bad economic news was once again greeted with cheers on Wall Street. Investors brushed off Friday’s surprisingly weak jobs report, which showed far fewer jobs were added last month than expected. The Dow and the S&P 500 both rose to new all-time highs Friday, and the Nasdaq was up nearly 1% as big tech stocks

The world’s most famous electronic stock market can’t compete with the stubbornness of a 90-year-old billionaire. For decades, Warren Buffett has refused to split Berkshire Hathaway’s sky-high Class A shares, which traded hands Friday at a staggering $436,312. Buffett’s persistence finally caused a Y2K-like problem this week at Nasdaq. Here’s the issue: Nasdaq’s 32-bit computer

Watch President Biden address the jobs report in the player below. The pandemic continues to roil America’s economy, setting the job market on its head. Employers looking for workers are having trouble finding them, while many laid-off Americans remain on the sidelines waiting for a return to normal. It’s a confusing mess that’s confounding employers

A cryptocurrency that looks and sounds a lot like bitcoin has creeped up into the top 10 biggest digital currencies list: bitcoin cash. Bitcoin cash shares most of its code with bitcoin. But it is significantly faster at processing transactions. The cryptocurrency is having a moment: It surged more than 11% Thursday, and more than

Sean Hannity finds himself in familiar territory as of late: second place. For most of his career, the right-wing Fox propagandist has been in the shadows of someone else. When Bill O’Reilly was still at Fox News, Hannity could never quite catch him in the ratings race. But shortly after the 2016 election, Hannity’s close

Serial entrepreneur Gary Vaynerchuk is selling a new use case for NFT: “Smart event” tokens that have real value rather than digital art. Vaynerchuk’s VeeFriends NFT collection will give buyers three-year access to his VeeCon business and marketing convention. Customers can buy the tokens with etherium cryptocurrency. But he sees a broader future for NFTs

The US economy is roaring back to life after a long period of hibernation, sending companies scrambling to find workers that can help them meet a surge of demand. In many cases, they’re coming up short. What’s happening: A growing number of sectors are reporting problems with worker shortages. Uber and Lyft are offering incentives

IHOP is hoping to make amends with Adam Sandler next week after an unwitting hostess turned away the comedian at a Long Island location. The IHOP employee, not realizing she was talking to Adam Sandler, told the actor that the restaurant was busy, and it’d be a long wait to be seated. Sandler politely left