Money

China just posted its strongest quarterly growth on record as the world’s second largest economy continued its robust recovery from the coronavirus pandemic. GDP growth of 18.3% year-on-year in the first quarter was the strongest since China began keeping records in 1992, and was driven by a surge in retail sales, industrial production and investment

Bitcoin and Ethereum aren’t the only digital currencies that are hitting record highs this week. Dogecoin, the cryptocurrency that features the face of a Shiba Inu dog as its logo, has surpassed 10 cents for the first time. The virtual currency, which originally started as an internet parody more than seven years ago, has surged

CBS is merging its national news division with its local TV stations and naming two executives to jointly run it all. Neeraj Khemlani is joining from Hearst and Wendy McMahon is joining from ABC. Both executives worked at CBS earlier in their careers. In the new structure, they will be presidents and co-heads starting in

CBS is merging its national news division with its local TV stations and naming two executives to jointly run it all. Neeraj Khemlani is joining from Hearst and Wendy McMahon is joining from ABC. Both executives worked at CBS earlier in their careers. In the new structure, McMahon and Khemlani will be presidents and co-heads

Regulators in Massachusetts are seeking to pull the plug on Robinhood just as the booming app aims to go public in a blockbuster IPO. The Massachusetts Securities Division escalated its months-long battle against the controversial startup Thursday by moving to revoke its broker-dealer license in the state. To make their case, state regulators accused Robinhood

Disney is striving to make its theme parks — “The Happiest Place On Earth” — more inclusive. In a blog post this week, the chairman of Disney’s parks division Josh D’Amaro committed to updating attractions, modernizing the parks’ values and, perhaps most visibly, changing the guidelines for how park employees — better known as Disney

The UK’s public broadcaster, the BBC, received over 100,000 complaints over the level of coverage of Prince Philip’s death, the network said Thursday. Figures made available by the BBC showed 109,741 complaints had been made, as of Thursday, “driven by reaction to the amount of coverage given to the death of the Duke of Edinburgh.”

The Biden administration is punishing Russia for its interference in the 2020 US election and cyberattacks by hitting Moscow where it hurts the most: the ruble. The Treasury Department announced Thursday that starting June 14, US banks will generally be banned from participating in all bond sales by Russia’s central bank, ministry of finance and

Reese’s is launching its own makeup line — and no, it’s not edible. The candy brand is teaming up with makeup company HipDot for a limited-edition collection that includes a eye shadow palettes in “milk chocolate” and “white chocolate” with six shades in each, as well as two lip balms and two makeup brushes. The

Walmart is investing in GM’s self-driving vehicle company, Cruise, as it works to build out its delivery network. The size of the investment was not disclosed, but it is less than $750 million, as Cruise said its more than $2 billion funding round expanded to $2.75 billion when Walmart and institutional investors joined. Cruise said

Google Earth users can now see the striking effect of climate change over the past four decades. Google’s latest feature, Timelapse, is an eye opening, technical feat that provides visual evidence of how the Earth has changed due to climate change and human behavior. The tool takes the platform’s static imagery and turns it into

Disney is striving to make its theme parks — “The Happiest Place On Earth” — more inclusive. In a blog post this week, the chairman of Disney’s parks division Josh D’Amaro committed to updating attractions, modernizing the parks’ values and, perhaps most visibly, changing the guidelines for how park employees — better known as Disney

Since the pandemic hit the US airline industry last March, major carriers have been burning through millions of dollars a day. For Delta Air Lines, at least, that ended last month. The company reported it lost $2.3 billion in the first three months of the year, excluding special items. And although the airline still reported

Retail sales surged in March as federal stimulus checks bolstered wallets and the rollout of Covid-19 vaccines boosted spending at stores. The Commerce Department said Thursday that retail sales soared a seasonally adjusted 9.8% in March compared with the month prior. It was the steepest increase since May last year, when the retail sector stared

Ark Invest‘s Cathie Wood, known for her bullishness on momentum stocks, especially Tesla, is making another big bet: This time, on Coinbase Global. Three of Ark’s funds bought a combined $246 million stake in the cryptocurrency giant on its first day of trading Wednesday. In total, Ark Invest bought nearly 750,000 Coinbase shares, according to

In his final letter to shareholders as Amazon CEO before he steps down from the role later this year, Jeff Bezos spent much of his time addressing the complaints of critics, both directly and indirectly. He specifically noted the outcome of the unionization vote in Bessemer, Alabama, which resulted in Amazon workers voting overwhelmingly not