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COVID-19
People Want Business Leaders to ‘Break the Cycle of Distrust’ and Address Societal Issues, According to New Report
By Nik Popli
Verizon and AT&T Are Rolling Out New 5G Networks—But Not Near Major Airports. Here's Why
By DAVID KOENIG / AP
Microsoft Buys 'Call of Duty' and 'Candy Crush' Maker For $68.7 Billion
By Associated Press
Business Executives Share Why It Can Pay to Do Good
By Vivienne Walt
More in
Business
E.U. Demand Threatens Key Ecosystems Around the World: WWF
An official at the WWF’s European Policy Office said ecosystems were being destroyed at "breakneck speed"
By John Ainger / Bloomberg
January 17, 2022
Walmart Filings Reveal Plans to Create Crypto and NFTs
The retailer sought several new trademarks in December that show it intends to make and sell virtual goods
By Brendan Case and Susan Decker / Bloomberg
January 16, 2022
Bitcoin’s Dominance of Crypto Payments Is Starting to Erode
Last year, Bitcoin’s use at merchants that use BitPay dropped to about 65% of processed payments, down from 92% in 2020
By Olga Kharif / Bloomberg
January 16, 2022
Controversial Investment Guru Cathie Wood Wants to Help You Trust the Stock Market Again
(To receive weekly emails of conversations with the world’s top CEOs and business decisionmakers, click here.) Cathie Wood is CEO, CIO and founder of ARK Invest, a closely watched investment fund known for its prescient...
By Belinda Luscombe
January 16, 2022
Starbucks Staff Can Vote to Unionize at Three More New York Stores, U.S. Labor Official Rules
Starbucks Corp. employees at three more restaurants in New York state will vote on unionization, a U.S. labor official ruled Friday, offering organizers a chance to expand a new labor foothold that’s already inspiring copycat...
By Josh Eidelson and Leslie Patton / Bloomberg
January 14, 2022
New Proposed SEC Regulations Could Widen the Wealth Gap
The Securities and Exchange Commission is pushing for significant changes in how private funded companies operate and who can invest in them, the agency said this week. The proposed changes probably won’t benefit rank and...
By Simon Constable
January 14, 2022
U.S. Food Prices Are Up. How Monopoly Power Makes this Worse
2021 was a bad year for grocery bills. Shoppers paid 6.4% more for groceries in November 2021 compared to November 2020, according to the consumer price index. All food prices were up a bit more...
By Claire Kelloway
January 14, 2022
China’s Trade Surplus Hit Record in 2021
China’s global trade surplus surged to $676.4 billion in 2021, likely the highest ever for any country, as exports jumped 29.9% over a year earlier
By Joe McDonald/AP
January 14, 2022
Supreme Court Halts COVID-19 Vaccine Rule for U.S. Businesses
WASHINGTON — The Supreme Court has stopped the Biden administration from enforcing a requirement that employees at large businesses be vaccinated against COVID-19 or undergo weekly testing and wear a mask on the job. At...
By MARK SHERMAN and JESSICA GRESKO / AP
January 13, 2022
U.S. Jobless Claims Rise by 23,000 to 230,000
The four-week moving average rose nearly 6,300 to almost 211,000
By PAUL WISEMAN/AP
January 13, 2022
Which At-Home COVID-19 Test Should You Use? A Guide
The COVID era has brought us many new experiences: mask-wearing, remote schooling, sheltering in place. The majority of these have been onerous and dreary. It's amazing how energy-sapping it is to just have to wait...
By Belinda Luscombe
January 12, 2022
Amazon Workers Will Vote on Unionization by Mail
A federal labor board said that Amazon workers in Bessemer, Alabama, will vote by mail next month in a re-run election to decide whether or not to unionize. The National Labor Relations Board said Tuesday...
By ANNE D'INNOCENZIO/AP
January 12, 2022
At CES 2022, Tech Companies Tried to Pitch Climate Sustainability as Fun and Exciting
Between presentations launching new PC processors and candy-colored refrigerators at last week’s CES, companies at the annual tech industry jamboree made a lot of big, flashy proclamations about climate change, some more serious than others,...
By Alejandro de la Garza
January 12, 2022
World Bank Cuts Global Growth Forecast Due to COVID-19 Case Surge, Supply Chain Disruptions
Global gross domestic product will probably increase 4.1% this year, less than a 4.3% forecast in June, the report said
By Ana Monteiro and Eric Martin/Bloomberg
January 11, 2022
Medicare Will Not Fully Cover Aduhelm, the Controversial—and Costly—Alzheimer's Disease Drug
Medicare said Tuesday it will limit coverage of a $28,000-a-year Alzheimer's drug whose benefits have been widely questioned, a major development in the nation's tug-of-war over the fair value of new medicines that offer tantalizing...
By RICARDO ALONSO-ZALDIVAR / AP
January 11, 2022
Don't Sell Your Fossil-Fuel Stock If You Want to Make a Climate-Change Difference in 2022
In 2022, investors who want to address climate change should focus on one simple but essential goal: active stock ownership. They should engage with companies on both sides of the energy transition–those heading in the...
By Chris James
January 11, 2022
Meta Will Require COVID-19 Boosters for Employees
Meta employees have been working remotely since March 2020, and multiple return-to-office plans have been delayed.
By Kurt Wagner/Bloomberg
January 11, 2022
How Reddit Allows Hate Speech to Flourish
Reddit moderators around the world say that racism, xenophobia, homophobia, sexism, misinformation and personal threats are running rampant on the site
By Andrew R. Chow
January 10, 2022
Grand Theft Auto Maker Buys FarmVille Company in $12.7B Deal
The transaction includes a go-shop provision, giving Zynga 45 days to hear alternative proposals.
By MICHELLE CHAPMAN/AP
January 10, 2022
Omicron Absenteeism Is Fresh Test to U.S. Economic Strength
Several economists began the new year by downgrading their first-quarter forecasts
By Shawn Donnan, Sarah McGregor and Mary Schlangenstein / Bloomberg
January 9, 2022
It's Expensive to Be Poor. This CEO Wants to Reduce 'Antiquated' Bank Fees and Wait Times
(To receive weekly emails of conversations with the world’s top CEOs and business decisionmakers, click here.) PayPal’s CEO and president did not learn his most important business lesson in the C-suite of the $215-billion fintech...
By Vivienne Walt
January 9, 2022
Covid Test Makers Struggle to Cope With Whiplash From Omicron
Suppliers have also been caught off guard by uncertain demand beginning with the delta wave last summer
By Kristen V Brown / Bloomberg
January 8, 2022
GM's Electric Silverado Is the Latest Salvo in the EV War
Their Silverado EV debut came months after rivals launched their own
By Alejandro de la Garza
January 6, 2022
How to Reduce Your Family's Emissions and Live Greener
We analyzed the emissions four families generated in a week. Here's what we learned about living greener
By Alana Semuels
January 6, 2022
There's a Way to End Energy Poverty—And It Has the Side Effect of Making Fossil Fuels Obsolete
You bring your feverish baby to the hospital in the middle of the night. The nurse asks you to go home to get a flashlight. When the flashlight batteries give out, she resorts to a...
By Nicole Poindexter
January 6, 2022
How the Metaverse Could Avoid the Ills of Social Media
The OASIS Consortium, a think tank that brings together execs of metaverse platforms, published some of the first comprehensive safety standards for Web 3.
By Andrew R. Chow
January 6, 2022
How Hedge Funds' Lack of Diversity Affects All of Us
A recent Knight Foundation study found that only 1.4% of America's wealth is handled by asset management firms owned by women and/or people of color, even though there is zero difference in the performance of...
By Belinda Luscombe
January 5, 2022
Elizabeth Holmes Will Likely Land in Fenceless, Low-Security Prison for Theranos Fraud
Legal experts say that Holmes may serve as little as three years at one of the least restrictive facilities in the U.S.
By Malathi Nayak/Bloomberg
January 4, 2022
Will 2022 Be the Year of Reckoning for Addictive Algorithms?
Platforms like Facebook and Instagram are under mounting pressure to reform the ways in which they're built to be addictive for users
By Megan McCluskey
January 4, 2022
One Lesson From the Theranos Scandal: We Need Age Diversity on Corporate Boards
A younger corporate board might've called out Theranos' problems before its founder was charged with fraud. Here's how investors can demand board diversity
By Jamaal Glenn
January 4, 2022
Elizabeth Holmes Convicted of Fraud
A jury found Holmes guilty of two counts of wire fraud and two counts of conspiracy to commit fraud
By Michael Liedtke/AP
January 3, 2022
Holmes Jury Deadlocked on 3 of 11 Criminal Charges
U.S. District Judge Edward Davila instructed its members to do their best to reach a verdict
By MICHAEL LIEDTKE/AP
January 3, 2022
Tesla Smashes Delivery Record with 308K Cars in Q4
Thirteen analysts surveyed by Bloomberg on average had expected about 263,000 vehicles for the quarter
By Dana Hull and Brendan Case / Bloomberg
January 2, 2022
8 Top CEOs Give Their Predictions for the Year Ahead
(To receive weekly emails of conversations with the world’s top CEOs and business decisionmakers, click here.) Nearly two years into the COVID-19 pandemic, business leaders are heading into 2022 facing the strong headwinds of the...
By Ayesha Javed
January 2, 2022
Buttigieg Asks AT&T, Verizon to Delay 5G
Without action, airlines could be forced into “widespread and unacceptable disruption,” Buttigieg said in a letter Friday
By Todd Shields and Alan Levin / Bloomberg
January 1, 2022
How Digital Twins Are Transforming the World
Digital twins—exact digital re-creations of objects or environments—are being used to replicate factory floors, car prototypes and internal organs
By Andrew R. Chow
December 30, 2021
Most Restaurants Fail. COVID-19 Made the Odds Worse
It's easy to poke fun at terrible restaurants, like the one on Gordon Ramsay's show Kitchen Nightmares that served a mayonnaise-and-cheese sushi pizza, or the Washington D.C. Popeyes that went viral after a video revealed...
By Abby Vesoulis
December 28, 2021
4 Charts That Explain the Wild U.S. Economy
The U.S. economy ended up in a weird place in 2021. Consumers were eager to spend money, but couldn’t get their purchases because supply chains were haywire. Wages rose as workers resigned. Prices, meanwhile, soared...
By Emily Barone
December 28, 2021
Nearly 1,800 Flights Cancelled Christmas Weekend
Saturday’s pullbacks erased at least 10% of the schedule at Delta, United Airlines, and JetBlue Airways
By Maria Elena Vizcaino / Bloomberg
December 26, 2021
Russia Fines Google $98 Million in Crackdown
Russia has stepped up its confrontation with foreign social media and internet companies this year in what the government calls a campaign to uphold its digital sovereignty.
By Ilya Arkhipov / Bloomberg
December 24, 2021
Christmas Flight Cancellations Are Piling Up, As Delta, United and Lufthansa Respond to COVID-19's Impact on Crews
At least three major airlines said they have canceled dozens of flights because illnesses largely tied to the omicron variant of COVID-19 have taken a toll on flight crew numbers during the busy holiday travel...
By DAVID McHUGH / AP
December 24, 2021
2021: the 10 Biggest IPOs of the Year
2021 was a crowded year for companies entering public markets with 980 businesses going public—more than double the number that did so in 2020.
By Eloise Barry
December 23, 2021
Company Accused of Greenwashing for 'CO2-Free' LNG Project
“There is no such thing as ‘CO2-free LNG,’” Oh Dongjae, a researcher for Solutions for Our Climate, said.
By Heesu Lee/Bloomberg
December 23, 2021
Steph Curry Sells 3,000 Pairs of NFT Sneakers
The NBA player and recent crypto convert released 2,974 NFTs featuring digital replicas of shoes he wore when he broke a scoring record
By Vlad Savov/Bloomberg
December 22, 2021
Airline Employees Are Bracing For Hellish Holiday Travel
American Airlines pilot Celeste Pasqua Pearce knew it was going to be a rough start to the holiday travel season. On a flight over the long Thanksgiving weekend, a flight attendant took away a first...
By Liz Garone
December 21, 2021
If the Economy Is Doing So Well, Why Does It Feel Like a Disaster?
Want a quick summary of the daily news? Inflation. Labor shortages. Supply-chain issues. Omicron. Partisanship. Gridlock. Biden stalled. Trump ranting. Given that, it’s hardly surprising that many Americans are feeling not so good about the...
By Zachary Karabell
December 21, 2021
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