Business

Miss Broadway musicals? Try Clubhouse

With Broadway theaters shut down during the pandemic, artists are turning to Clubhouse, a buzzy audio app often used for networking and virtual panels, to create free full-length musicals.Clubhouse, which is still in beta testing, is an invitation-only app with…

What is Dogecoin? How a joke became hotter than bitcoin

Dogecoin is the hottest, quirkiest cryptocurrency on the planet.The total value of the dogecoins in circulation is nearly $50 billion — not bad for a digital currency that started as a joke.It is the No. 5 most-valuable cryptocurrency on the…

Dogecoin briefly broke Robinhood's crypto trading systems

Robinhood is again having to explain why users faced issues trading a popular asset on its platform this week.This time, the asset in question is Dogecoin: a cryptocurrency (which was created as a joke in 2013) popular among Redditors and…

SpaceX wins $2.6 billion NASA contract for lunar lander

SpaceX secured a $2.89 billion NASA contract to build spacecraft that will land astronauts on the moon for the first time in five decades.The fixed-price contract is a major vote of confidence for Elon Musk's rocket company, as the space…

This $800 million whistleblower program is losing its top cop

The head of the Securities and Exchange Commission's highly-successful whistleblower program is stepping down at a delicate moment for the market watchdog.Jane Norberg is leaving the SEC on Friday, after presiding over a four-and-half-year period during which the whistleblower office…

GM and LG announce another $2.3 billion EV battery plant

General Motors and LG plan to build a new $2.3 billion plant to build batteries for electric vehicles, a key step toward the US automaker's goal of an all-electric future.The new plant, GM's second EV battery operation with LG, will…

Are you leaving your restaurant job for good? Share your story

The restaurant sector suffered millions of job losses during the pandemic. Many restaurant workers and bartenders were let go when restaurants closed their doors.Now, those jobs are starting to come back. But restaurant operators say they're struggling to staff up.We…

The stock market is throwing a global party

Spurred on by renewed optimism about the post-pandemic recovery and a strong fear of missing out, investors keep pushing stocks higher.What's happening: The Dow Jones Industrial Average closed above 34,000 for the first time on Thursday as Wall Street celebrated…

How to watch Prince Philip's funeral

Millions of people around the world are expected to tune into Prince Philip's funeral service on Saturday, which will be broadcast by major television networks and streamed online.The service honoring the Duke of Edinburgh will begin at 3 p.m. local…

Newsrooms confront the 'police say' problem

A version of this article first appeared in the "Reliable Sources" newsletter. You can sign up for free right here.The podcaster and cultural critic Toure tweeted on Thursday, "We interrupt our coverage of the protests of the police murder of…

China's economy grows by a record 18.3% in the first quarter

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…

Massachusetts wants to pull the plug on Robinhood

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…

Mobile gaming company AppLovin raises $2 billion in IPO

Mobile apps and games platform AppLovin raised $2 billion in an initial public offering Thursday that valued the company at $28.6 billion.The Palo Alto, California-based firm makes software to help developers market and monetize their apps, and it also has…

Sotheby's CEO explains why NFT is the future

Despite what Pete Davidson's rap spoof suggests, NFT isn't just for crazy kids with cash to burn. You want proof? You can buy them at Sotheby's.The market for the unique digital collectibles remains volatile, but Sotheby's has given the NFT…