Money

The Federal Communications Commission on Thursday approved final rules for a new broadband subsidy program that could help struggling families pay for internet service during the pandemic. The agency’s $3.2 billion Emergency Broadband Benefit Program provides eligible low-income households with up to a $50 per month credit on their internet bills through their provider until

Hasbro is dropping the honorific “mister” from the “Mr. Potato Head” brand, renaming the shapeshifting plastic spud to the gender-neutral “Potato Head.” It’s a notable change from one of the world’s largest toy makers to untether one of its most famous products from a binary gender identity — something that was far less controversial in

Every Friday, groggy Marvel fans either wake up early or stay up late to follow along with the weekly adventures of streaming’s favorite couple: witchy Wanda Maximoff and her humanoid husband, The Vision, on Disney+’s “WandaVision.” Marvel Studios’ first original series for Disney+ has found a loyal audience, even though new episodes debut at a

India’s economy is out of recession but still a long way from returning to rates of growth seen before the pandemic. Asia’s third biggest economy recorded a rise in gross domestic product of 0.4% in the final three months of 2020, compared with the same period a year earlier, according to official statistics published on

A burst of anxiety is ricocheting across financial markets as Wall Street sets expectations for the next phase of the pandemic, which could take hold this spring and summer as vaccinations rise and coronavirus cases fall. What’s happening: US stock indexes, which have repeatedly hit all-time highs in recent weeks, took a leg lower on

The United Kingdom should introduce special visas and overhaul its stock market rules to allow entrepreneurs to keep control of their companies if it wants to remain competitive in financial technology after Brexit. Those are among the recommendations contained in a new report published on Friday. It is one of several reviews commissioned by the

AT&T on Thursday sold a minority stake in its video business to private equity firm TPG. The deal values DirecTV, AT&T TV and U-Verse at roughly $16 billion combined — less than a third of the $49 billion AT&T spent to buy DirecTV in 2015. The ill-timed deal was doomed from the start. AT&T bought

Airbnb and DoorDash went public the same week in early December and were both met with strong demand from investors. But in their first earnings reports as publicly traded companies on Thursday, the two sharing economy businesses signaled very different possible paths forward after the pandemic ends. In a letter to investors, Airbnb said it

On Thursday, GameStop stock surged as much as 85% in early trading before being halted for volatility. Shares still ended the day up more than 18% at $108.73. The stock was up as much as 20% in after-hours trading. The day before, the gaming retailer’s stock closed nearly 104% higher. Investors gained interest in the

It was another rough day for stocks. The market has entered a new phase of volatility as government bond yields are on the rise, signaling expectations for higher interest rates down the line. The Dow closed down 560 points, or 1.8%, on Thursday, just one day after setting a new all-time high. The broader S&P

Makeup sales have been walloped by the pandemic. But that’s not stopping Sephora from adding more stores as it pushes ahead to attract shoppers outside of struggling malls. The company said Thursday that it is adding more than 60 freestanding stores this year, and 85% of them won’t be in malls. The new stores comes

Hasbro is dropping the honorific “mister” from “Mr. Potato Head,” renaming the shapeshifting plastic spud to the gender-neutral “Potato Head.” It’s a notable change from one of the world’s largest toy makers to untether one of its most famous products from a binary gender identity — something that was far less controversial in 1952, when

Digital currency exchange Coinbase has officially filed to go public, riding a wave of bitcoin enthusiasm that has sent the cryptocurrency markets soaring. Founded in 2012, Coinbase helps users buy, sell, and store cryptocurrencies such as bitcoin and ethereum. The digital brokerage, which competes with Coinmama, CEX.IO and Gemini, announced plans to go public in

It’s another rough day for stocks. The market has entered a new phase of volatility as government bond yields are on the rise, signaling expectations for higher interest rates down the line. The Dow fell more than 360 points, or 1.2%, in the early afternoon Thursday, just one day after setting a new all-time high.

Part of what made last month’s GameStop trading frenzy such a mess: Right as the stock was hitting its peak, Robinhood and other brokerages placed restrictions on traders’ ability to buy it (and other surging “meme” stocks like AMC). Traders were furious and some have filed lawsuits. Lawmakers ranging from Representative Alexandria Ocasio Cortez to

Hyundai will recall 82,000 electric cars globally to replace their batteries after 15 reports of fires involving the vehicles. Despite the relatively small number of cars involved, Hyundai’s recall is one of the most expensive in history, signaling how electric car defects could create hefty costs for automakers — at least in the near future.