Money

A futuristic project by Google’s parent company Alphabet to provide internet from high flying balloons has burst. Loon, the Alphabet subsidiary that used giant balloons to beam internet to people in remote areas around the world, has announced that it is winding down its operations. It was formerly part of X, Alphabet’s innovative “moonshot” factory.

In a new financial document released just hours after he left the White House, former President Donald Trump disclosed Apple CEO Tim Cook once gave him a $5,999 Mac Pro computer. The documents, made public on Wednesday, list the item as “the first created at the Flex Factory in Austin, Texas.” Apple did not respond

“No Time to Die,” the latest film in the James Bond series and one of the most anticipated movies of 2021, has been delayed again. The film, which stars Daniel Craig as the stylish spy, was set to open on April 2. But MGM announced on Thursday that it would push the action film to

Airlines are still operating only a fraction of the number of flights they offered pre-pandemic, and alcohol is banned in many cabins to help thwart the spread of Covid-19. This is adding up to a lot of leftover booze. Now, American Airlines is hoping to sell and ship some of its excess wine directly to

Tech companies have been an investor favorite during the pandemic. But Wall Street is keeping its distance from two industry stalwarts after their latest earnings reports. Intel beat full-year revenue expectations, hauling in a record $77.9 billion last year and announcing that it would boost its quarterly dividend to reward shareholders. But investors still weren’t

Joseph Palma holds up his work uniform with pride and despair. He hasn’t put it on since he was laid off in March. He worked as a customer service agent for Eulen America, a contractor for American Airlines, assisting customs at Miami International Airport. He’s one of 123,300 airline workers out of a job since

The fate of the economic recovery is riding on President Joe Biden’s mission to speed up the lackluster rollout of coronavirus vaccines. While the development of vaccines happened faster than many had expected, distribution is lagging behind schedule, in part because of the chaotic presidential transition in the midst of the worst pandemic in a

Google says it will shut down its search engine in Australia if a controversial bill designed to benefit the news media becomes law. At a Senate hearing in Canberra on Friday, Google Australia Managing Director Mel Silva said the draft legislation “remains unworkable,” and would be “breaking” the way millions of users searched for content

The Vermont school teacher behind the cozy mittens worn by Senator Bernie Sanders during President Joe Biden’s inauguration on Wednesday said she’s been flooded with requests from people wanting to buy a pair. But they’re no longer for sale. “Thanks for all the interest in Bernie’s mittens!” Jen Ellis wrote on Twitter. “I’m so flattered

Last February, a group of Instacart employees who worked as in-store shoppers at a Mariano’s grocery store in Skokie, Illinois, voted to unionize in a historic moment for the gig economy. Nearly one year later, those workers have been informed that their jobs are being cut as part of a broader change to how Instacart

America’s energy policy is getting an extreme makeover. President Joe Biden is wasting no time undoing the Trump administration’s efforts to prop up fossil fuels and deny the existence of a climate crisis. On his first day in the White House, Biden took a series of executive actions that put an exclamation point on his

Former Trump economic adviser Kevin Hassett broadly supports President Joe Biden’s $1.9 trillion rescue package as a way to keep the coronavirus-ravaged economy afloat. “They’ve thrown a lot of stimulus at it,” Hassett told CNN Business on Thursday, “but I think we need to be risk averse.” The former Trump administration official fears that without

Volkswagen CEO Herbert Diess is new to Twitter, but he made a splash with his very first tweet — going after master troll and Tesla CEO Elon Musk. “Hello @Twitter! I’m here to make an impact with @VWGroup, especially on political issues,” Diess tweeted on Wednesday. “And, of course, to get some of your market

Donald Trump’s future on Facebook and Instagram is now up in the air. Facebook has referred its previous decision to suspend former President Donald Trump’s posting privileges to its independent Oversight Board for review, the company said in a blog post Thursday. Facebook said it wants the Oversight Board’s binding ruling on the matter given

Former Trump economic adviser Kevin Hassett broadly supports President Joe Biden’s $1.9 trillion rescue package as a way to keep the coronavirus-ravaged economy afloat. “They’ve thrown a lot of stimulus at it,” Hassett told CNN Business on Thursday, “but I think we need to be risk averse.” The former Trump administration official fears that without

Donald Trump’s businesses generated nearly 40% less revenue last year as the coronavirus pandemic slammed the hotel industry, putting the former president under financial pressure even before corporate partners and banks ditched him in the wake of the insurrection at the US Capitol. Posted on Wednesday as he left the White House, Trump’s final financial

Google will pay news publications in France for the use of their content online in a landmark agreement that could soon be replicated elsewhere in Europe under new copyright laws. The tech company and APIG, which represents French news media, said in a joint statement on Thursday that they have agreed on principles for how