Celebrity Life
‘Buy Now, Pay Later’ Apps Are Taking Over Holiday Shopping Season. Here’s What to Know About the Risks
Programs like Afterpay, Affirm and Klarna give shoppers the option of splitting the cost of purchases into equal installment payments
Target Will Keep Stores Closed on Thanksgiving Permanently
The new standard at Target, on top very healthy sales last year, could push other retailers to follow in its path
Kaiser Permanente Reaches Pact With Unions and Averts Strike
The health-care company reached the agreement on a four-year contract covering 50,000 employees in 22 local unions
Johnson & Johnson Will Split Into Two Companies, Aiming for Faster Growth
Johnson & Johnson is peeling off a consumer health business that helped it become the world’s biggest health care products maker.
America’s Going to the Gym Again. That’s Bad News for Peloton, But Great News for Mental Health
Social exercise carries clear benefits—and marks an emergence from COVID-19 isolation.
Elon Musk Sells $1.1 Billion in Tesla Stock After Twitter Poll
Musk exercised 2.15 million in stock options. He subsequently sold 934,000 shares to collect about $1.1 billion
Why Exactly 310 of Robinhood’s 7 Million Cyber-Attack Victims Should Be Worried
Robinhood Markets Inc. announced on Monday an embarrassing security breach that exposed the personal information of millions of its users, which will be of particular concern to the 300 or so customers who suffered the worst privacy compromise. Most of the 7 million affected accounts had only one piece of personal information exposed: either the…
Elon Musk’s Net Worth Has Plunged $50 Billion in 2 Days
Despite the slump, Musk’s fortune is still up 70% this year thanks to Tesla’s gains and a higher valuation for SpaceX
SoftBank Returns to Familiar Strategy After Portfolio Losses
A decline in the value of SoftBank Group's portfolio companies led to a record loss in its Vision Fund investment unit
After Barclays CEO’s Departure, Here Are Some of the Other Business Executives Linked to Jeffrey Epstein
Jes Staley is one of the few high profile executives to lose his job due to links with the late sex offender Jeffrey Epstein.
Post-Pandemic, Peloton Expects to Lose at Least $425M in 2022—$100M More Than Expected
(SILVER SPRING, Md.) — Peloton suffered its worst day as a publicly traded company Friday after telling investors that it will likely lose more money than it had expected in fiscal 2022. Peloton thrived during the pandemic, recording its first and only profitable quarters with Americans unable to hit the gym, instead setting up places…
Amazon Drone Delivery Was Supposed to Start By 2018. Here’s What Happened Instead
Amazon’s squadron of delivery drones was supposed to be in full flight by now. And the fall of 2021 would have been an opportune time to have little automated flying machines delivering packages to customers—what with all the trouble human workers are causing around the country with strikes and labor shortages. Amazon announced an experimental…