Money

Not all rich people spend their money on space travel and charities. Some also want to own media companies. Jeff Bezos has The Washington Post. John and Linda Henry have The Boston Globe. Marc and Lynne Benioff have Time magazine. Laurene Powell Jobs has The Atlantic. And soon, most likely, Stewart Bainum Jr. will have

Apple is no longer making the iMac Pro, once the most-powerful computer the company offered. For those looking to get their hands on the all-in-one-Mac, they can still do so for a limited time. The $4,999 standard model can still be purchased on Apple’s website, but only while supplies last. Once existing inventory runs out,

Amazon-backed food delivery startup Deliveroo has announced plans to give some of its busiest riders £10,000 bonuses ($13,850) when it goes public in a huge London IPO. Deliveroo on Monday confirmed plans to list on the London Stock Exchange following a surge in business during the pandemic. The total value of transactions processed on its

China’s leaders are finalizing their political and economic agenda for the rest of 2021 and beyond. How the country achieves technological independence and tackles the climate crisis will be near the top. This year’s “Two Sessions” meeting — the most important annual event on China’s political calendar — is particularly noteworthy because Beijing will ratify

Twitter CEO Jack Dorsey is selling the first-ever published tweet as an NFT, a kind of digital collector’s item. Dorsey shared a tweet on Friday with a link to a digital platform called “Valuables,” that allows for the buying and selling of tweets autographed by their creators. The tweet up for bid is Dorsey’s first

Fox News follows the money and the Republican Party follows Fox News. Now, the network is setting the stage for what the next four years of the GOP might look like under the Biden administration. “We very much focus on on the center right. We think that’s where America is,” Lachlan Murdoch, Rupert Murdoch’s son

It took them a few hours, but investors finally decided that good economic news is good for Wall Street. The Dow skyrocketed more than 570 points, or 1.9%, Friday. It was a wild day for stocks, with the Dow surging more than 300 points after the opening bell before briefly turning negative in the late

Reddit has hired its first-ever chief financial officer. The company announced Friday it appointed Drew Vollero to the position — weeks after the site was thrust into the spotlight because of its role in the GameStop trading frenzy. Vollero’s appointment adds to speculation about a Reddit initial public offering, a move its senior leaders have

It took them a few hours, but investors finally decided that good economic news is good for Wall Street. The Dow was up more than 500 points, or 1.7%, in late afternoon trading. It was a wild day for stocks, with the Dow surging more than 300 points after the opening bell before briefly turning

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. On Thursday I devoured a column by political thinker Lee Drutman, for 538, titled “How Much Longer Can This Era Of Political Gridlock Last?” His answer was, in essence, that hyper-partisan politics are here to

Jeep’s new boss says the company is open to dropping the name “Cherokee” from its vehicles in response to objections from the Cherokee Nation. The company is engaged in talks with officials from the Native American tribe, according to Carlos Tavares, CEO of Stellantis, the recently merged automaker that includes the Jeep brand. Tavares made

The United States and European Union have agreed to suspend for four months all tariffs related to the long-running dispute over subsidies to Boeing and Airbus. The suspended tariffs mark a first step toward repairing a transatlantic trade partnership that’s been strained for nearly 17 years by complaints on both sides about subsidies to the