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Elon Musk is pulling the plug on his promised Tesla Model S Plaid+ super car about a year before it was expected to go on sale. Tesla still plans a “Plaid” version of the car. In a tweet on Sunday, the Tesla CEO said that Plaid+ was being canceled because there was “no need, as
Continue ReadingApple is about to reveal its latest set of changes to the software used everyday by millions of people — and possibly some new gadgets, too. Apple’s annual Worldwide Developers Conference, a multi-day event that is typically heavy on software news, is set to kick off with a keynote at 1 p.m. ET on Monday.
Continue ReadingThe list of high-profile ransomware attacks grows longer and more alarming by the week, impacting everything from gas pipelines and meat supplies to ferries. Those companies and agencies that get hit must scramble to protect their systems and a tough decision on whether to pay hackers to remove the disruption. In the face of that
Continue ReadingAs CEO of one of America’s biggest banks, Bank of America’s Brian Moynihan has unique insight into the health of the country’s economy. And right now, what he’s seeing is positive. What’s happening: In an interview on CBS’ “Face the Nation” on Sunday, Moynihan said that consumer spending has jumped above $1 trillion this year,
Continue ReadingTinder, Hinge, Bumble and other dating apps will allow more users to show whether they have been vaccinated against Covid-19 and roll out perks to those who say they have received a jab. The platforms will give British users the option of displaying their vaccination status, they announced on Monday, after partnering with the UK
Continue ReadingUS oil prices hit $70 a barrel on Sunday for the first time in nearly three years. While prices have since backed off a little from that milestone — West Texas Intermediate was last trading at $69.30 per barrel — it still underscores the dramatic rebound in energy prices after crude took an unprecedented dive
Continue ReadingWhen Janice Zhang went job hunting in March, at every interview the 33-year-old was asked the same question: Was she married yet? Zhang works in human resources in the Chinese city of Chengdu, so is familiar with the concerns her potential employers had in mind — because she’s asked them herself. Would she be pregnant
Continue ReadingRevamped MacBooks. Updated iMessage features. An overhaul of the iPad operating system. These are among the announcements Apple may make this week during its Worldwide Developer Conference, a multi-day event that kicks off Monday. The annual event is typically a chance for the tech company to introduce changes to the software used everyday by millions
Continue ReadingThe White House press briefing room will return to 100% capacity on Monday after 15 months of social distancing due to the coronavirus pandemic. It will be another step toward normality for President Joe Biden’s press secretary Jen Psaki and the press corps — and a reminder of the renewed centrality of the daily briefing.
Continue ReadingJournalists may be relieved — for now — that the Biden administration is changing the Justice Department’s policy that allowed prosecutors to tap reporters’ phones to root out leakers. But media members remain angry that it happened in the first place and have no guarantees that a future president (or the current one) will maintain
Continue ReadingMicrosoft blocked images and videos around the world of “Tank Man,” the unidentified protester during China’s brutal crackdown on pro-democracy demonstrations in Beijing’s Tiananmen Square on June 4, 1989. The photos were taken down globally from Bing, Microsoft’s search engine, Friday — the 32nd anniversary of the event. A Microsoft spokesman said they were taken
Continue ReadingIt’s only June, but Walmart already has plans for Thanksgiving. They don’t involve you. The world’s largest retailer announced that it will close all its stores for this year’s turkey day as a “thank you” to associates. Walmart broke the news to employees Friday at the company’s associate celebration meeting. This marks the second-straight year
Continue ReadingThe latest sign of air travel returning to normal is the two words being repeated at most of the nation’s major airlines: Help wanted. The three largest US carriers — American, United and Delta — have announced they are currently hiring or will do so before the end of the year. Southwest, which cut less
Continue ReadingLooking to fund big spending projects at home, the United States has an ambitious pitch for countries around the world: It’s time to overhaul the global tax system. And after years of negotiations, a deal could be in sight. Group of Seven finance ministers gathering in London agreed Saturday to back a global minimum tax
Continue ReadingA group of private equity firms, including Blackstone Group, Carlyle Group and Hellman & Friedman, is buying medical supply maker and distributor Medline in a sale valued at more than $30 billion, including debt, according to people familiar with the deal. Northfield, Illinois-based Medline Industries, one of the largest manufacturers and suppliers of health care
Continue ReadingJust when we thought Crocs could not get any weirder, a new version of the foam clog features a psychedelic design complete with light-up mushrooms. The “Diplo X Crocs” are the latest celebrity collaboration from the footwear brand, this time with Grammy-winning DJ and producer Diplo. Crocs said the limited-edition release, which go on sale
Continue ReadingGroup of Seven finance ministers gathering in London agreed Saturday to back a global minimum tax of at least 15% on multinational companies. The G7 group also agreed that the biggest companies should pay tax where they generate sales, and not just where they have a physical presence. UK finance minister Rishi Sunak announced the
Continue ReadingWhen coronavirus began to spread across the United States, retailers took action. Social distancing stickers were slapped on floors, mask mandates were implemented and, perhaps more crushingly, free samples disappeared. But as vaccination rates rise, some are feeling more comfortable about resuming their prior routines — and major retailers are returning aspects of the pre-pandemic
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The list of high-profile ransomware attacks grows longer and more alarming by the week, impacting everything from gas pipelines and meat supplies to ferries. Those companies and agencies that get hit must scramble to protect their systems and a tough decision on whether to pay hackers to remove the disruption. In the face of that
Continue ReadingGrant McGurn is really glad he jumped on a FaceTime call with his dad. The 27-year-old office manager in Madison, Wisconsin, had put all of his investments into cryptocurrencies, including bitcoin, ethereum and dogecoin, a joke coin whose rapid ascent he considered entertaining if “ridiculous.” That alarmed his father, an experienced investor. “He knew I
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