Business

Wall Street was in rally mode Monday — for the most part. Tech stocks and other momentum darlings — the so-called FAANG stocks — weren’t invited to the party. The Dow rose more than 300 points, or 1%, as investors cheered the Senate’s passage of a Covid-19 relief package that aims to bolster the US

Wells Fargo is the latest big bank to embrace ambitious lending goals to fight the climate crisis. The bank is setting a goal of net zero greenhouse gas emissions — including from the companies and projects it finances — by 2050. It’s a major step for Wells Fargo, which has long been a major backer

As vacant apartments pile up in big cities, real estate agents are increasingly turning to TikTok to match twenty-somethings with rentals that are a steal by pre-pandemic standards. City dwellers — or those aspiring to be one — often flock to sites such as StreetEasy, Zillow, Compass, Trulia and Craigslist for apartment listings. But some

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

Philanthropist MacKenzie Scott, one of the world’s richest people, has re-married after her 2019 divorce from Amazon CEO Jeff Bezos. Seattle teacher Dan Jewett acknowledged his marriage to Scott this weekend on the couple’s webpage for the Giving Pledge, a philanthropic organization which encourages the world’s richest people to dedicate a majority of their wealth

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

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