Money

The V-shaped recovery in the stock market is gathering serious momentum. The S&P 500 is now 75% higher than its low point last March. The Nasdaq has more than doubled since its pandemic low. Tesla shares are up a staggering 900% over that span. And an army of traders on Reddit were able to send

After years of struggling to crack down on vaccine misinformation, Facebook is once again revising its policies to get tougher. On Monday, the company announced several ways it plans to better combat vaccine misinformation, including making it harder to find accounts through searches on Facebook-owned Instagram that discourage people from getting vaccinated. The announcement comes

The collective buying power of Asian Americans far outpaced other demographic groups over the past 20 years and was on track to reach $1.3 trillion in 2022 before the Covid-19 pandemic hit US shores, according to a newly-unveiled Nielsen study. Higher rates of immigration and higher-than-average incomes were key factors in the rise of Asian

If you are looking for another sign that the economy is rebounding and that average Americans are finally starting to benefit, you should check out what’s happening with financial stocks. Shares of regional banks are thriving. Those small financial firms make most of their money from taking deposits and issuing mortgages and small business loans.

Two of Asia’s biggest names in tech, Masayoshi Son and Jack Ma, are keeping in touch through personal drawings. Son, the CEO of SoftBank, opened up about some of his recent exchanges with the Alibaba co-founder during an earnings presentation Monday, saying that the two billionaires remained in contact after Ma mostly disappeared from public

Chevron has built a $170 billion fossil fuels empire that has made the 141-year-old company synonymous with the oil-and-gas industry. But the climate crisis is forcing oil companies large and small to rethink their once-reliable business models. While US oil companies have been far more reluctant than their European rivals to shift away from their

Shares of Hyundai and Kia plunged on Monday after the South Korean automakers said they were not in talks with Apple to develop self-driving cars after all. “We are not having talks with Apple about developing self-driving cars,” Hyundai said in a statement. The statement added that Hyundai has received requests from “numerous companies” about

As conservative media has largely abandoned false accusations that electronic voting companies conspired in an attempt to overturn election results, MyPillow CEO Mike Lindell has emerged as one of America’s most prominent voices still promoting that debunked conspiracy theory. That could get him sued just like the right-wing media operations that once made those same

Dig beneath the topline numbers in the government’s monthly jobs report and you can see just how unprecedented the pandemic-fueled jobs crisis really is. Every aspect of Americans’ working lives has changed — for the worse. The unemployed The US economy is down 9.9 million jobs since the pandemic began, more than the jobs lost

Jim Hoft, the founder and editor-in-chief of far-right news site Gateway Pundit, was permanently suspended from Twitter Saturday after he violated the social media platform’s “civic integrity policy.” Hoft joins a list of other right-wing accounts that have recently been banned for promoting falsehoods about the 2020 presidential election. The list notably includes Former President

The pandemic is pushing economic policy to the limits. Governments around the world are running record budget deficits, and central banks are becoming addicted to easy money policies that would have been unthinkable two decades ago. One big question: Can things ever go back to normal? First, a bit of background: Over the past decade,

Tesla is betting big on bitcoin, saying it may soon accept the digital currency as payment for its cars. And the most valuable car company on the stock market said it is holding some of its cash in bitcoin rather than traditional currency. In its annual filing with the Securities and Exchange Commission, Tesla said

Apple may be doing away with one of its most divisive pieces of technology this year, and some fans aren’t sorry to see it go. While the MacBook Pro design hasn’t changed significantly in five years, Apple will eliminate its digital Touch Bar, according to a January memo from Ming-Chi Kuo, a top Apple analyst

After a rocky 12 months, oil prices — which got crushed when Covid-19 slashed demand for energy around the world — are roaring back. What’s happening: Brent crude futures, the global benchmark, have breached $60 per barrel, their highest level since January 2020. The immediate catalyst appeared to be weekend remarks from President Joe Biden

Clubhouse appears to have been blocked in China just days after it became the go-to app for uncensored conversations on a host of sensitive issues banned on other platforms. Over the weekend, several large Chinese-language chat rooms were set up on the invite-only audio app, where guests talked about politically-charged topics such as the ongoing

Tesla is betting big on bitcoin, saying it may soon accept the digital currency as payment for its cars. And the most valuable car company on the stock market said it is holding some of its cash in bitcoins rather than traditional currency. In its annual filing with the Securities and Exchange Commission, Tesla said

The US airline industry just closed the books on the worst year in its history, losing a combined $32 billion excluding special items. Yet it still ended 2020 awash in an ocean of cash. The nation’s four largest airlines — American, Delta, United and Southwest — among them had $31.5 billion in cash on their

Fox News’ official reason for canceling Lou Dobbs’ show — a post-election programing adjustment — doesn’t quite add up. Dobbs was the highest-rated host on Fox Business. He often doubled his lead-in’s ratings. Although Fox isn’t saying, the timing of Dobbs’ cancellation Friday appears to be no coincidence: It took place 24 hours after Dobbs