Business

Big banks have changed their attitude toward cryptocurrencies in recent years, going from dismissive to cautiously interested. But Wall Street still isn’t fully embracing digital currencies. Cryptos are no longer condemned as a bizarre alternative investment, and even central banks around the world are considering issuing digital currencies. Bitcoin is trading at more than $50,000

Warren Buffett defended the decision by Berkshire Hathaway to not put out reports from its many subsidiaries about how the company is addressing the risks of climate change. Buffett claimed at the company’s annual shareholder meeting in Los Angeles Saturday that Berkshire Hathaway already has a good track record for investing in renewable energy through

Many people forced into isolation during the Covid-19 pandemic credit their pets for keeping them sane through the lockdown. Hilton wants to reward those furry friends with some fine dining. Starting May 17, 32 of Hilton’s pet-friendly hotels in the United Kingdom and Ireland will offer the hotel chain’s new dog menu, Bone Appétit, according

The Washington Post and The New York Times on Saturday issued significant corrections, retracting earlier reporting that said Rudy Giuliani had been directly warned by the FBI that he was the target of a Russian disinformation campaign. “An earlier version of this story, published Thursday, incorrectly reported that One America News was warned by the

Kobe Bryant’s late daughter Gianna’s new Mambacita apparel line went on sale Saturday on what would have been the teen basketball star’s 15th birthday. The clothing sold out by early afternoon, according to a representative of Kobe Bryant’s estate team. Vanessa Bryant, his widow, gave her Instagram followers a sneak peak of the new tie

Thasunda Brown Duckett officially took the helm as the new CEO of TIAA on Saturday, becoming the fourth Black woman ever to head a Fortune 500 company. Her new position is noteworthy for a number of reasons. Duckett and Walgreens’ new CEO Rosalind Brewer, who left Starbucks in March, are the only two Black women

Summer is around the corner, but anyone who is looking forward to a refreshing dip in the pool to cool off may be in for a big “shock.” A chlorine shortage may make it more difficult for pool owners to buy the sanitizing tabs. Chlorine supplies are running low due to a fire at a

Forget the Oscars. If you’re looking for star power — in the business world, at least — it doesn’t get any bigger than Warren Buffett, and he’ll be live from Los Angeles on Saturday for the latest Berkshire Hathaway annual shareholder meeting. For the second year in a row, the meeting will be virtual because

The economy is on the path to recovery but it’s still far from repaired. Yet investors and economists are already worried it might be growing too fast. Here’s what experts actually mean when they talk about the “overheating” economy. Just over a year ago, the US economy faced its worst downturn on record as businesses

Warren Buffett’s Berkshire Hathaway returned to profitability in the first quarter of this year after reporting a nearly $50 billion loss during the first quarter of 2020 due to the Covid-19 pandemic. Berkshire Hathaway, a sprawling conglomerate that owns companies ranging from the Geico insurance giant and Burlington Northern Santa Fe railroad to well-known consumer

Eli Broad, an entrepreneur and businessman known for creating two billion-dollar businesses and establishing the iconic Broad Museum in Los Angeles, has died at the age of 87, the Eli and Edythe Broad Foundation said Friday. “As a businessman, Eli saw around corners, as a philanthropist he saw the problems in the world and tried

Across the country, Americans are getting vaccinated. States and cities are loosening pandemic-related restrictions. And people are heading back to restaurants. According to OpenTable, which has been keeping tabs on the industry using data from the restaurants that employ its reservations platform, the percentage of seated customers at US restaurants open for reservations is hovering

Peloton has found its polish slightly fading this year after a prosperous 2020 that catapulted the fitness company into a new stratosphere of popularity. This weekend, it’s engaging in some self-care to reinvigorate itself. It’s bringing its fervent fans together — virtually, of course -— for Homecoming, a free three-day event that can best be

Peloton has found its polish slightly fading this year after a prosperous 2020 that catapulted the fitness company into a new stratosphere of popularity. This weekend, it’s engaging in some self-care to reinvigorate itself. It’s bringing its fervent fans together — virtually, of course -— for Homecoming, a free three-day event that can best be

Across the country, Americans are getting vaccinated. States and cities are loosening pandemic-related restrictions. And people are heading back to restaurants. According to OpenTable, which has been keeping tabs on the industry using data from the restaurants that employ its reservations platform, the percentage of seated customers at US restaurants open for reservations is hovering

Condom sales have been in a slump during the pandemic as people sheltered at home and put their sex life on hold. But now, as more Americans are getting vaccinated and Covid-19 safety restrictions are loosening, condom makers are no longer having trouble getting their sales up. Male condom sales in the United States increased

Europe fell deeper into recession in the first three months of the year, but the region’s economy is already turning a corner and looks set to bounce back as coronavirus restrictions ease. EU GDP contracted by 0.4% between January and March, compared with the previous quarter, statistics agency Eurostat said in a statement on Friday.

Throughout the pandemic, Amazon has had no trouble generating huge returns. Once the Covid-19 crisis passes, it’s in great shape to make even more money. What’s happening: The internet giant’s profits more than tripled to $8.1 billion in the first three months of 2021. Shares, which are near an all-time high, are up 2% in

Joe Rogan, Spotify’s top podcast host, responded to the controversy surrounding his remarks that healthy young people should not get the Covid vaccine. On Thursday’s episode of his podcast, a snippet of which was posted to YouTube, Rogan brought up how the White House, including Dr. Anthony Fauci, addressed and disagreed with his comments. “I’m