Money

GameStop, the struggling video game retailer at the center of a Wall Street frenzy last month, is losing stream. The stock was down nearly 20% to $48.79 a share on Tuesday, a sign that the party was winding down for retail investors who drove GameStop to record highs last month. Last week, the stock tumbled

The price of Bitcoin has soared this week while the US dollar — the world’s number one reserve currency — tumbled. Could this be the beginning of the end of the greenback’s reign? Bitcoin hit a high of more than $48,000 on Tuesday after Tesla reported a $1.5 billion investment in the cryptocurrency and said

Coca-Cola is launching a new bottle size for the first time in a decade, but it’s what the bottle’s made of that marks an even more notable first: 100% recycled plastic material. The new 13.2-ounce recyclable bottle that some customers will see on shelves this week is made entirely of other plastics, and it’s the

The computer chip shortage is taking a bigger bite out of General Motors’ production plans than the company originally expected. Last week GM announced that three of its North American plants — the Fairfax plant in Kansas City, Kansas, the CAMI plant in Ingersoll, Ontario and the San Luis Potosi plant in Mexico — would

Volkswagen is looking into flying vehicles in China, becoming the latest automaker to probe the possibilities of personal air travel. Europe’s largest automaker said in a statement on Tuesday that “vertical mobility” could be the next step after self-driving technology. “Therefore we are investigating potential concepts and partners in a feasibility study [in China] to

A styling hack that converts even the dowdiest of t-shirts into a Zoom-ready look is gaining steam. It’s called the “faux collar,” a detachable collar that you pop around your neck over a shirt or sweater to give it some oomph, just in time for that video call. Retailers like H&M and Macy’s are ready

Europeans are looking beyond lockdowns and betting that the coronavirus pandemic won’t quash summer travel for a second year. Despite uncertainty over the pandemic, millions of vacationers, particularly in the United Kingdom, have already booked trips and are spending even more than they did before the coronavirus hit, according to Tui. The world’s largest tour

Instagram’s short-form video feature has been flooded with popular TikToks — and the Facebook-owned company seems to have noticed. On Tuesday, Instagram said it’s making changes to the videos it recommends in the dedicated Reels tab on the home screen, including not serving up videos with watermarks or logos from other platforms as often. “We

Transportation Secretary Pete Buttigieg wants the United States to lead the world on high-speed rail, a goal that’s easier said than done. American transportation investments been car-dominated since hundreds of billions were spent to build the Interstate Highway System in the 20th century. But Buttigieg, echoing his boss, President Joe Biden (who is sometimes called

On their way to and from the sprawling warehouse facility in Bessemer, Alabama, Amazon workers see union representatives holding signs encouraging them to vote “yes” for a union. But inside the facility, workers have frequently been pulled into meetings informing them of Amazon’s stance that a union is an unnecessary expense. Even when they sit

Robinhood is being sued for the wrongful death of a 20-year-old college student who died by suicide last summer after he saw a negative balance of $730,000 in his trading account and mistakenly believed that was the sum of money he owed. The parents and sister of Alexander Kearns accused Robinhood of luring inexperienced investors

Former First Lady Michelle Obama is launching a kid-centric cooking show on Netflix. Obama will be a star and an executive producer of “Waffles + Mochi,” which will be available for streaming starting March 16. Geared toward a younger audience, it will feature two puppets, aptly named Waffles and Mochi, and Obama as a supermarket

Boeing delivered 26 jets in January, logging one of its best months since the grounding of the 737 Max in March 2019. The 737 Max helped boost those figures, with 21 delivered in the month. The company has been working through a backlog of more than 400 737 Max jets that were built during the

Amazon is once again on the back foot in its legal battle over the vast Indian retail market. An Indian court on Monday overturned an order that would have prevented Reliance Industries — a major Amazon rival — from buying Future Retail. The Delhi High Court had ruled only last week that the $3.3 billion

Suzanne Scott, the chief executive of Fox News whose future at the network had been questioned both internally and externally amid ratings woes and in the wake of a $2.7 billion defamation lawsuit tied to the channel’s election coverage, has signed a new multi-year deal with the company. Lachlan Murdoch, the chief executive of Fox

Taking place in the middle of a global pandemic Super Bowl LV was an NFL championship game unlike any other. But the big game still brought in another Super Bowl victory for Tom Brady and a sizable — if somewhat smaller — audience. Super Bowl LV averaged 96.4 million viewers across TV and streaming, according

Eli Lilly announced that Josh Smiley, its chief financial officer and senior vice president, has resigned after an investigation revealed “inappropriate personal communications” with employees. The pharmaceutical company said an independent investigation was recently launched after it was “made aware of allegations of an inappropriate personal relationship” between Smiley and an employee. “The investigation revealed

Tesla’s decision to invest in Bitcoin has sent prices to a record high. But it’s not the only catalyst driving the cryptocurrency’s rapid ascent. What’s happening: Bitcoin leaped above $48,000 for the first time ever after Tesla said Monday that it would soon accept Bitcoin as payment for its vehicles. The electric carmaker, led by