Money

For Rachael Freedman, shopping for on-demand grocery delivery startup Instacart felt like something of a dream job. Freedman, who is based in San Diego, signed up for the service in November 2020 after staying at home for years to take care of her kids. “I loved the flexibility. I liked the money. It was good

Europe fell deeper into recession in the first three months of the year, but the region’s economy is already turning a corner and looks set to bounce back as coronavirus restrictions ease. EU GDP contracted by 0.4% between January and March, compared with the previous quarter, statistics agency Eurostat said in a statement on Friday.

European regulators have accused Apple of violating EU antitrust law, saying the company’s app store rules unfairly restrict rival music services. Margrethe Vestager, the European Commission’s top antitrust official, said Friday that Apple is in breach of competition law because it charges app developers high commission fees and forbids them from telling users about cheaper

Throughout the pandemic, Amazon has had no trouble generating huge returns. Once the Covid-19 crisis passes, it’s in great shape to make even more money. What’s happening: The internet giant’s profits more than tripled to $8.1 billion in the first three months of 2021. Shares, which are near an all-time high, are up 2% in

Chinese regulators have ordered more than a dozen tech companies to fix the most “prominent problems” of their financial units, escalating a historic crackdown on the sector that has already engulfed some of the country’s top players. In a statement Thursday, the People’s Bank of China said that it had summoned 13 companies, including Tencent,

Joe Rogan, Spotify’s top podcast host, responded to the controversy surrounding his remarks that healthy young people should not get the Covid vaccine. On Thursday’s episode of his podcast, a snippet of which was posted to YouTube, Rogan brought up how the White House, including Dr. Anthony Fauci, addressed and disagreed with his comments. “I’m

The television ratings for President Joe Biden’s first address to a joint session of Congress were far weaker than the equivalent events by past presidents. But the decline probably has more to do with the state of television than the state of the presidency. Nielsen estimated that 26.9 million people watched the speech across 16

Amazon’s profits more than tripled in the first quarter of 2021, as the pandemic continued to boost its online retail, cloud and advertising businesses. The tech giant on Thursday reported a whopping $8.1 billion in quarterly net income, up 224% from the same period in the prior year, crushing Wall Street analysts’ prediction of $4.98

New York City is suing Chipotle Mexican Grill, alleging that the company violated a law that requires fast food chains to give their employees more predictable, less hectic schedules. In a lawsuit filed this week, the city’s Department of Consumer and Worker Protection said that from the end of November 2017 through at least September

Jimmy Kimmel has interviewed many eccentric guests as the host of “Jimmy Kimmel Live!” over the years, but one of his most surreal interviews took place on Wednesday night. The ABC late night host sat down with MyPillow CEO Mike Lindell for an extensive talk (the full interview on YouTube runs nearly 20 minutes). Lindell