Money

The market for new stocks continues to sizzle — with no signs of a slowdown for initial public offerings or special purpose acquisition company mergers. Dating app Bumble enjoyed a strong debut, gaining nearly 65% in its IPO last week. Online commerce companies Affirm and Poshmark also did well after their IPOs in January. The

Facebook’s decision to block people from sharing news in Australia has been rebuked by lawmakers around the world, raising the specter of a much wider showdown between the world’s biggest social media platform and the governments and news organizations fighting to check its power. Elected officials and media publishers in the United Kingdom, Canada, Germany

What is Facebook without news? People and publishers in Australia are now finding out. Facebook has barred Australians from finding or sharing news on its service, a dramatic escalation of a fight with the government that may have wide-ranging consequences both in the country and around the world. The social networking company on Wednesday said

An Australian employee of China’s state broadcaster CGTN has been arrested on suspicion of “illegally supplying state secrets overseas,” Canberra said Monday. In a statement, Australian Foreign Minister Marise Payne said Cheng Lei, who has been detained in China since August 13, 2020, had been formally arrested on February 5. “Chinese authorities have advised that

Just days after Maryland became the first state in the country to impose a tax on digital advertising targeting Big Tech, lobbying groups representing companies including Amazon, Facebook, Google are trying to stop it. In a lawsuit filed Thursday, the groups allege that the state law is “deeply flawed” as well as “unlawful” and “unconstitutional.”

Google is making changes to the leadership of its responsible artificial intelligence efforts months after the contentious departure of prominent Black artificial intelligence researcher Timnit Gebru rattled the company. The tech giant said in a blog post Thursday that Marian Croak, a Black woman who has been a vice president at the company for six

Kroger will close two stores in Seattle over the city’s $4-an-hour hazard pay requirement for grocery workers, an escalation of the grocery chain’s push against newly-passed hazard pay laws growing on the West Coast. The company, the largest grocery chain in the United States, will close two of its QFC stores in April in response

Congressional hearings often involve a lot of grandstanding. But as the House Financial Services Committee prepares to grill major players in the GameStop saga that shocked investors last month, there are still some big questions that need answers. What’s happening: Robinhood CEO Vlad Tenev, Citadel CEO Ken Griffin, Melvin Capital CEO Gabe Plotkin, Reddit CEO

McDonald’s will tie executive pay to diversity goals and aim to hit gender parity in management by the end of 2030 as the company tries to overhaul its workplace culture. CEO Chris Kempczinski described the new goals in a letter sent to employees Thursday. The company aims to increase the percentage of women in the

Over a month after this year’s virtual CES tech trade show, touting new and conceptual products of the future, I was left wondering whether these products actually worked. At this year’s show, we saw splashy announcements like transparent TVs and rollable phones. I wanted to test some of the tech that promised to make life

A group of businesses and nonprofit organizations are banding together to speed up and strengthen their companies’ response to the pandemic. Five groups, including the Ad Council, CDC Foundation and the Business Roundtable, announced Thursday they are forming a new partnership called the Health Action Alliance. Its aim is to assist businesses of all sizes

Congresswoman Maxine Waters plans to thoroughly investigate the GameStop trading frenzy by holding multiple hearings on the matter. Waters, the chairwoman of the powerful House Financial Services Committee, told CNN Business she will likely hold three hearings, with the first one occurring Thursday. Subsequent hearings could focus on expert testimony and potential legislation, Waters said.