Money

Zhang Yiming built ByteDance into one of the biggest names in Chinese tech. Now he’s stepping down as CEO at just 38 years old, becoming the latest young tech entrepreneur in China to quit while leading a company on the rise. Zhang — who founded Tiktok owner ByteDance in Beijing nine years ago — announced

A group of 128 British authors, actors, editors and filmmakers have warned that “political and financial attacks” threaten the future of the BBC and other UK public service broadcasters. In an open letter published Wednesday, the group -— which includes writers Salman Rushdie, Hilary Mantel and Armando Iannucci, and actors Hugh Grant and Adrian Lester

IHOP is finally ready to debut its new restaurant concept, Flip’d, in New York City this July. Think of it as a bit like IHOP to go. Flip’d will have its own dedicated menu featuring breakfast items like pancake bowls, egg sandwiches and coffee, as well as lunch or dinner options like burrito bowls. Unlike

Change is hard. Sometimes, talking about change is hard. But for anxious investors, even talking about talking about changes to the Federal Reserve’s stimulus program proved difficult on Wednesday. What happened: The minutes from the central bank’s April policy meeting revealed that several officials think the robust US economic recovery means the Fed should review

A commuter jet was seconds away from landing at a regional airport in Illinois last March when the pilots realized they’d made a potentially fatal mistake: They were aimed at the wrong runway. Had the plane not diverted at the last second, there was a “high probability” the plane would not have had room to

Face masks and lockdown orders have kept lips largely out of sight in the pandemic. That, consequently, hurt lipstick sales last year. But makeup sellers say the fate of the cosmetics staple is starting to turn around as more people get vaccinated and the pace of social interactions picks up. According to the latest figures

If you don’t mind ads, HBO Max just got cheaper. The streaming service from WarnerMedia, CNN’s parent company, announced on Wednesday that a new ad-supported version of the platform will cost $9.99 a month. This is less expensive than the ad-free version, which costs $14.99 a month. HBO Max with Ads will launch the first

Face masks and lockdown orders have kept lips largely out of sight in the pandemic. That, consequently, hurt lipstick sales last year. But makeup sellers say the fate of the cosmetics staple is starting to turn around as more people get vaccinated and the pace of social interactions picks up. According to the latest figures

Amazon will lift its mask mandate for its fully-vaccinated warehouse employees in the United States beginning May 24 in locations where local regulations do not require face coverings, the company informed workers on Wednesday. To be eligible to stop covering their faces while working, Amazon told employees they must be 14 or more days past

Bitcoin and other cryptocurrencies are plunging as anxiety spreads through the market — this time, after China took more steps to crack down on the digital coins. The world’s most heavily traded cryptocurrency plunged as low as $30,202 per coin early Wednesday after starting the day around the $40,000 mark, according to data from Coindesk.

Bitcoin and other cryptocurrencies plunged Wednesday after China took steps to further crack down on digital currency. Anxiety is spreading through the market, but Tesla CEO and crypto fanatic Elon Musk appears to be holding steadying … for now. Tesla bought $1.5 billion in bitcoin earlier this year to hold on its balance sheet. In

After auctioning off some of the world’s first NFT artworks for $17 million last week, Christie’s is trying to one-up itself by turning back the clock even further. The auction house has partnered with The Andy Warhol Foundation for the Visual Arts to sell NFTs created from digital artworks Andy Warhol created in the 1980s.

Fast-growing Swedish oat milk brand Oatly is headed for a splashy New York IPO that will test investor demand for companies that make plant-based foods. The company, which produces a milk substitute made from oats, has grown rapidly in recent years. Its signature product is now sold in 60,000 retailers and over 32,000 coffee shops

Hard seltzer sales are surging but competition continues to grow, so Truly Hard Seltzer is using some star power to help the brand break through. The boozy beverage has signed British singer Dua Lipa to a multi-year sponsorship deal that puts the three-time Grammy Award winner front and center of its largest-ever marketing campaign. Truly’s

The great reopening and return to pre-pandemic life is a tale of two timelines — and parents are caught in the middle. Offices are itching to get back to normal thanks to the vaccine rollout, but the rest of the world hasn’t necessarily caught up. Major companies have made clear they’re expecting workers to return

Bitcoin, it seemed, was finally ready for prime time. Prices were surging, big payments firms were accepting it, and billionaires such as Paul Tudor Jones and Stanley Druckenmiler were endorsing it as an investment. But now that Tesla CEO Elon Musk is signaling that he’s suddenly wary of the cryptocurrency, what will that mean for