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Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. Tonight: 4G and 5G cell towers are everywhere, really; Reese’s new peanut butter cups are missing a key ingredient; and China sounds the alarm on the market bubble. Let’s get into

Square, the financial payments firm run by Jack Dorsey, launched an in-house bank that it says will allow it to “operate more nimbly” in an increasingly crowded fintech market. The firm announced Monday that the bank has begun operations after completing the charter approval process with the Federal Deposit Insurance Corporation (FDIC) and the Utah

The Republican base’s commitment to former president Donald Trump showed up like a fist in the air in Sunday’s television ratings. The ratings for Fox News Channel, which have been relatively weak since Trump lost the election last November, spiked Sunday afternoon when he was scheduled to address the CPAC convention in Orlando, Florida. Fox

For years, artificial cacti have lined the sandy roadsides of North Scottsdale, Arizona. They look real at first glance but tucked inside are antennas and radio equipment that provide 4G LTE wireless connectivity to the area. Large concealment structures like this, which in this case are about 24 feet tall, have become so good it’s

Square, the financial payments firm run by Jack Dorsey, launched an in-house bank that it says will allow it to “operate more nimbly” in an increasingly crowded fintech market. The firm announced Monday that the bank has begun operations after completing the charter approval process with the Federal Deposit Insurance Corporation (FDIC) and the Utah

Inflation concerns have led to more volatility in the stock and bond markets of late. That should be good news for gold, a tangible asset with a limited supply that often does well in times of inflation. Central banks can always print more money. Miners can’t just magically create more gold. But gold has recently

Kayleigh McEnany, the last White House press secretary under the Trump administration, is joining Fox News as an on-air contributor. “It is my distinct pleasure today to welcome Kayleigh McEnany to the Fox family. We will be seeing much more of her in the future,” Fox News host Harris Faulkner said on her show Tuesday.

By the end of the decade, the only Volvo you’ll be able to purchase will be electric. And you’ll only be able to buy it online. The Chinese-owned carmaker announced plans on Tuesday to stop selling cars that run on fossil fuels by 2030, part of an accelerating trend within the industry to respond to

The pandemic drove Target to a record year of sales growth, as shoppers stocked up at its stores and bought online. Target’s 2020 sales increased 19.8% to $93.6 billion from $78.1 billion last year, the company said Tuesday. Digital sales, which include home delivery and in-store pickup, increased 145%. Target’s sales growth of more than

Reporters Without Borders has filed a criminal complaint in Germany accusing Crown Prince Mohammed bin Salman and other Saudi officials of committing crimes against humanity in the killing of Jamal Khashoggi and the detention of 34 other journalists. The Paris-based media advocacy group said in a statement that it had filed the complaint with a

Amazon has quietly changed the design of its new app icon, replacing the blue ribbon on top that drew some unfavorable comparisons. Users of the Amazon Shopping app will now see a brown box that resembles a parcel with a blue strip that looks like packaging tape above the company’s signature arrow in the shape

Wired, the preeminent tech magazine, has its new leader: Gideon Lichfield of MIT Technology Review is coming on as its global editorial director. Wired’s parent company Condé Nast, which also publishes Vogue, The New Yorker and other popular magazines, announced the appointment Tuesday. He starts on March 22. Lichfield is replacing Nicholas Thompson, who was

Democratic Senator Elizabeth Warren faces an uphill battle persuading Washington to back her tax on ultra-millionaires — starting with convincing her own party’s Treasury Secretary. Janet Yellen, whom Warren praised last year as an “outstanding choice” to lead the Treasury Department, fears a wealth tax would be too messy to implement. “Then Janet and I

The pandemic drove Target to a record year of sales growth, as shoppers stocked up at its stores and bought online. Target’s 2020 sales increased 19.8% to $93.6 billion from $78.1 billion last year, the company said Tuesday. Digital sales, which include home delivery and in-store pickup, increased 145%. Target’s sales growth of more than

For the second time since the the pandemic began, Instacart has doubled its valuation as a privately-held startup. The on-demand grocery delivery service said Tuesday that it is now worth $39 billion after raising $265 million in financing from some of its existing investors. Instacart was previously valued at $17.7 billion in October after raising

The United Kingdom is banking on a rapid vaccine rollout to bring its economy back to life this summer, while the United States is pinning its recovery hopes on another giant stimulus package. Europe won’t have either, and it could be left behind. The European Union’s vaccination campaign has been plagued by manufacturing delays, supply

Two investment firms have agreed to pay a combined $4.2 billion to buy Hertz and take it out of bankruptcy by the early to mid-summer, another sign of growing hopes of a recovery in travel. Hertz, which operates numerous other brands including Dollar and Thrifty, was among the flood of high-profile bankruptcies early in the