Money

Jay-Z and luxury goods giant LVMH have a reason to break out the bubbly. LVMH, which owns Dom Pérignon and Moët & Chandon, has taken a 50% stake in Jay-Z’s Champagne brand Armand de Brignac, also known as “Ace of Spades.” The terms of the deal were not disclosed. The partnership comes at a time

Companies are now being forced to answer a question that was until recently mostly hypothetical. Should they require their employees to get a coronavirus vaccine, or incentivize them to get the shot? British business is at the forefront of the debate. While vaccination programs are accelerating in many countries, Britain is among the most advanced.

Dominion Voting Systems, the election technology company that has been the focus of debunked conspiracy theories about election fraud, is suing MyPillow and its CEO Mike Lindell. The company is seeking about $1.3 billion in damages for Lindell’s numerous unfounded public statements by allies of former President Donald Trump that Dominion rigged its machines in

Airlines in the United States, South Korea and Japan have grounded dozens of Boeing 777 aircraft after one of the jets suffered engine failure Saturday, sending debris crashing down over Denver. Boeing on Sunday recommended that airlines stop flying versions of the aircraft that are equipped with Pratt & Whitney 4000-112 engines while US authorities

Nearly 30,000 Macs worldwide have been infected with mysterious malware, according to researchers at security firm Red Canary. The issue was somewhat confounding to Red Canary researchers, who said it’s not clear what the malware’s goal is. In a blog post, the firm said it did not observe the malware delivering “malicious payloads” — essentially,

Uncle Sam is in search for a pot of gold that could ease the pain of trillion-dollar deficits. And some believe Wall Street might just have the answer. For more than a decade, progressives have tried and failed to impose a financial transaction tax. But there is new momentum for such a levy as the

Peloton is releasing a lower-priced treadmill to become more than a purveyor of high-end stationary-bikes. The public company, which reported revenue of more than $1 billion for the quarter ending in December, already has one treadmill on the market, called Tread+, which has earned celebrity endorsements from the likes of Miley Cyrus and Lizzo who

The boom in bitcoin prices is giving a huge lift to a California bank that accepts cryptocurrency deposits and doles out bitcoin-backed loans. Shares of Silvergate Capital are up more than 120% so far this year -— and the stock has skyrocketed nearly 1,300% since going public in November 2019. Increasingly more financial services firms,

The US economy is still at the mercy of the pandemic. But for policy makers to help the recovery along, we must first get the virus under control, said Treasury Secretary Janet Yellen. “Success on the public health front is a key metric that we will be watching,” Yellen said during an interview with the

Microsoft is joining forces with publishers in Europe to call for an Australia-style system that would force tech platforms such as Google and Facebook to pay news organizations for content. The company said Monday that it would team up with media industry groups like the European Publishers Council to lobby for such a policy, which

Electricity and gas provider Just Energy warned that the financial impact of the Texas winter storms could force it out of business. Just Energy said Monday that it could lose about $250 million from Texas’ deep freeze that left millions without power last week. The hit “could be materially adverse to the Company’s liquidity and

Nearly a year into the Covid-19 pandemic, many Americans remain stuck trying to work, attend school and socialize from home. For tens of millions of them, this is made more difficult because they lack access to fast, reliable internet at home. That means millions of American kids are unable to do at-home schoolwork. Millions of

Kamala Harris isn’t the only Black woman making history in 2021. The January 20 swearing-in of the nation’s first woman, Black and southeast Asian vice president came at a pivotal moment for Black women in the business world, which up until recently has failed miserably to increase the number of Black executives — male and

In an interview with CNN’s Anderson Cooper, Bill Gates said deaths during Texas’ winter freeze were preventable, caused by the state’s decision not to weatherize its energy. Gates pushed back on Texas Governor Greg Abbott’s claim that frozen wind turbines were to blame for the massive power failure. Gates said America’s dependence on renewable energy

Rio Tinto’s former CEO got a huge payout last year despite being forced to resign over the company’s destruction of a sacred Indigenous site in Australia. Jean-Sébastien Jacques received £13.3 million ($18.6 million) in pay and long-term incentive rewards in 2020, compared to £7.1 million ($9.9 million) the previous year, according to the company’s annual

Disney+ is warning viewers that some episodes of “The Muppet Show” feature “negative depictions” and “mistreatment of people or cultures.” The variety show, which ran for 120 episodes in the 1970s and features puppet characters interacting with celebrity guests, was added to Disney’s streaming service last week. Viewers are being shown the warning label before