Money

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

Peloton is rolling out a software fix for its Tread and Tread+ treadmills after a massive recall. Customers can now access a new “Tread Lock” feature that requires a four digit code before using the treadmill and locks the machine after 45 seconds of inactivity outside of a class. Peloton states on the feature’s support

Inflation is not something we’re used to worrying about. In fact, the only Americans with real memories of runaway inflation and its effect on household finances are likely to be those over the age of 60. Remember (or don’t): US inflation peaked at 14.7% in March and April 1980, with the economy experiencing “stagflation,” a

Google tried to make up for lost time at its annual developer conference this week by announcing a massive Android redesign and new features to help users work from home, shop and do more to protect their personal data. After it canceled Google I/O last year due to the pandemic, the company kicked off a

Nearly a year ago, Amazon said it would stop providing its facial-recognition software, Rekognition, to police for a year. Now it appears that ban won’t be ending any time soon — if ever. On Tuesday, Amazon said it would extend its ban on police usage of the technology “until further notice.” The decision was first

Warren Buffett, the world’s most famous investor, is 90. But there are plenty of people much, much younger who are interested in stocks. Fidelity is going after that market. The brokerage giant announced Tuesday that it is setting up a new Fidelity Youth Account plan for 13- to 17-year olds. The teens’ parents must already

More stores announced this week they are easing their mask requirements, joining a growing number of top chains changing their policies in the wake of the Centers for Disease Control and Prevention’s updated guidance on masks. These retailers’ new policies vary slightly from each other, but all represent a shift from their previous policies that

Michael Burry, one of the investors who became famous for predicting the epic collapse in the housing market in 2008 that was chronicled in the book and movie “The Big Short,” has a new favorite stock to bet against: Tesla. Burry’s firm, Scion Asset Management, revealed in a Securities and Exchange Commission filing Monday that

At Forbes, a publication known for its coverage of the rich and powerful, its employees are fighting for something rather less glamorous: fair pay and job security. On Tuesday, staffers at the 103-year-old magazine brand announced their plans to form a union. The union would encompass about 105 employees who work in Forbes’ editorial departments,

Americans keep putting money into their homes. And that’s great news for Home Depot. The retail giant reported sales and earnings for the first quarter Tuesday morning that topped forecasts. The rising price of lumber and other inflation pressures have helped Home Depot, whose stock has surged 20% so far this year. “We continue to

Bank of America said Tuesday that it will raise the hourly minimum wage of its US employees to $25 by 2025. “It costs us a few hundred million dollars a year … but it’s an investment,” the bank’s CEO Brian Moynihan told CNN’s Poppy Harlow on Tuesday, adding that It’s about maintaining a “great standard

The International Energy Agency, which was founded by rich industrial nations after oil shocks in the 1970s to promote secure and affordable energy supplies, says the world needs to stop drilling for oil and gas right now to prevent a climate catastrophe. In order to reach net zero carbon emissions by 2050, the influential group

The latest round of federal stimulus payments of up to $1,400 per person lifted sales at Walmart, the largest retailer in the United States, as shoppers used their checks to buy clothing, home goods and other merchandise at stores and online. Walmart said Tuesday that sales at stores open for at least one year grew

Foxconn is partnering with automaker Stellantis to develop technology for vehicle cockpits, in the latest sign of the iPhone maker’s ambitions to grow in electric car manufacturing. The 50/50 joint venture, known as “Mobile Drive,” brings together Foxconn’s might in mobile software and consumer electronics with Stellantis’ vehicle design and engineering expertise to create a