Getty Images If you’re one of the millions of Americans struggling financially because of the coronavirus pandemic, more relief is on the way. Included in the $1.9 trillion stimulus package working its way through Congress and expected to be signed into law by mid-March will likely be direct payments of […]
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The sports trading card boom: Baseball cards selling for millions and the crypto craze hits NBA Top Shots
Dallas Mavericks star Luka Doncic set a record on Feb. 28. But it wasn’t for his moves on the court. Instead, his autographed NBA rookie trading card sold for $4.6 million, making it the most expensive basketball card ever sold. Just a month prior, a 1952 Mickey Mantle card became […]
How Salesforce became Silicon Valley’s best late-stage tech investor
Marc Benioff, chairman and co-chief executive officer of Salesforce.com Inc., speaks during the opening keynote of the 2019 DreamForce conference in San Francisco on Nov. 19, 2019. Salesforce.com Inc.s annual software conference, where it introduces new products and discusses its commitment to social causes, was interrupted for the second year […]
Money is pouring into carbon removal technologies, but the companies involved struggle to pay for it
Experts agree that lowering our carbon emissions is no longer enough. In a 2018 report, the Intergovernmental Panel on Climate Change said that, if we are to limit global warming to 1.5 degrees Celsius and avoid the worst effects of climate change, we need to actually remove between 100 to 1,000 […]
Activist Spotlight: What’s behind the campaign to force changes at Kohl’s
A view outside a Kohl’s store in Miramar, Florida. Johnny Louis | Getty Images Company: Kohl’s Corp (KSS) Kohl’s operates as a retail company in the United States. Its stores and website offer apparel, footwear, accessories, beauty, and home products. The company provides its products primarily under the brand names […]
Central banks around the world want to get into digital currencies—here’s why
Intense interest in cryptocurrencies and the Covid-19 pandemic have sparked debate among central banks on whether they should issue digital currencies of their own. China has been in the lead in developing its own digital currency. It’s been working on the initiative since 2014. Chinese central bank officials have already […]
How the different Covid vaccines will handle new variants of the virus
New more contagious variants of the coronavirus are being investigated in the United States, raising questions about whether the Covid vaccines currently in use will provide protection against mutations. There are multiple more contagious variants emerging around the globe, in the United Kingdom, South Africa and Brazil. In the U.S., […]
Okta CEO defends $6.5 billion deal for rival Auth0 after shares fall
Okta CEO Todd McKinnon on Friday defended his company’s move to acquire Auth0, calling the rival company a complementary asset to its identity and access management business. Okta shares are down 10% since it announced the $6.5 billion all-stock transaction after Wednesday’s close. The sales figure represents more than a […]
Democrats want to send more unemployment benefits. Some workers never got the last round
Volunteers load shopping bags with food assistance for laid off workers at a food distribution event on Dec. 12, 2020 in Orlando, Florida. Paul Hennessy/NurPhoto via Getty Images Democrats are poised to send more unemployment benefits to laid-off workers. Meanwhile, some workers are still waiting on the last tranche, authorized […]
Virgin Galactic drops 10% after chairman Chamath Palihapitiya dumps his $213 million personal stake
Billionaire investor Chamath Palihapitiya, the chairman of Virgin Galactic who took the company public through a SPAC deal in 2019, sold his remaining personal stake this week, a securities filing disclosed. Shares of Virgin Galactic dropped 9.9% in Friday’s trading to close at $27.29. The company’s stock, down more than […]