Money

Elon Musk says Tesla is abandoning plans to accept bitcoin as payment for the company’s electric vehicles, citing the cryptocurrency’s high environmental cost after months of being bullish on it. “We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,”

The Colonial Pipeline launched the restart of its operations Wednesday evening following a six-day shutdown caused by a ransomware attack, but the pipeline’s operators warned it will take several days for service to return to normal. “Some markets served by Colonial Pipeline may experience, or continue to experience, intermittent service interruptions during the start-up period,”

A new reality TV show called “Unicorn Hunters” borrows the pitch-for-fame-and-fortune concept popularized by “Shark Tank” but adds an unusual twist: It’s not just the judges throwing money at the businesses. Viewers at home can invest, too. The new streaming series — which debuted Monday on its website, YouTube, LinkedIn and Facebook Video — features

Gas stations in the southeastern United States faced significant outages Wednesday as the Colonial Pipeline shutdown stretched into a sixth day, sparking panic-buying that has exacerbated the supply crunch. As of 4 pm ET Wednesday, 68% of all gas stations in North Carolina, 45% in Georgia, 49% in Virginia and 45% in South Carolina were

A growing number of gas stations along the East Coast are without fuel as nervous drivers aggressively fill up their tanks following a ransomware attack that shut down the Colonial Pipeline, a critical artery for gasoline. The panic-buying threatens to exacerbate the supply shock. US gasoline demand climbed by 14% on Tuesday compared with the

A devastating ransomware attack on a critical fuel pipeline in the United States has highlighted the growing threat that cyber criminals pose to the world’s largest corporations and strategic infrastructure. It also raises a thorny question: should companies held to ransom yield to extortionists or resist making payments? Often it’s a choice between regaining access

About the only thing that hasn’t been hurt by the hacking attack that shut down the Colonial Pipeline? The company’s market value. If it were publicly traded, the Colonial’s stock would undoubtedly have tumbled. But the 59-year-old firm is privately held, with its ownership split among five owners spread across five countries on four continents.

Kentucky Fried Chicken is rolling out new packaging this summer, joining other major fast food companies that are giving themselves a makeover. The chicken chain said the new look is a “more modern take” on the KFC’s signature red and white colors. Colonel Sanders’ head will still adorn the buckets, sandwich wrappers and cups, but

Hackers are holding one of America’s most important pipelines hostage, a stunning development that should serve as a warning to even bigger targets: the nation’s financial industry. The nightmare scenario is that a Colonial Pipeline-style ransomware attack disrupts major banks or even financial markets, dealing a blow to the flow of money and confidence in

A devastating ransomware attack on a critical fuel pipeline in the United States has highlighted the growing threat that cyber criminals pose to the world’s largest corporations and strategic infrastructure. It also raises a thorny question: should companies held to ransom yield to extortionists or resist making payments? Often it’s a choice between regaining access

Chickens are in short supply. Part of the blame goes to Tyson’s roosters. The meat processor, which sells poultry along with beef and pork, said that its chicken volumes have been low in part because the roosters it uses for breeding are not meeting expectations. “We’re changing out a male that, quite frankly, we made

Just about everything is getting more expensive in the United States as the stimulus-fueled economy rebounds and Americans are again spending on shopping, traveling and eating out. But the pandemic is far from over, and supply-chain woes mean supply isn’t meeting demand — sending prices even higher. Nearly all major components of the government’s inflation

We’ve all missed live concerts, weekend getaways and long vacations in the sun. Finally, thanks to coronavirus vaccination campaigns, such activities seem possible again, encouraging investors to pile into travel and entertainment stocks. But a closer look at what many of these companies are saying shows that 2022, and not 2021, may be where most

More people are refreshing their wardrobes at department stores again as they head back into restaurants and offices. That’s great news for stores like Macy’s, Nordstrom and Kohl’s— but the comeback is probably fleeting. Top department store chains say they are benefiting from built-up demand among consumers after a year in which many shoppers stayed