What is something worth ? A building, a pen, a stock, a cryptocurrency, gold, Intellectual property, any asset? Valuing something we own has always been more art than science.
Of the many mysteries that still surround the life and crimes of the notorious financier, the source of his wealth, and thus his power, might be the greatest. His long-standing business ties with...
ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth —...
More than a decade ago, Wired editor Kevin Kelly wrote an essay called "1,000 True Fans” predicting that the internet would allow large swaths of people to make a living off their creations,...
Like a Third World dictator who betrays not one iota of weakness until the very moment he is shipped off to exile in Gstaad, Donald Trump is showing no signs of being daunted by the widespread...
Every year, tens of millions of Americans collectively lose billions of dollars to scam callers. Where does the other end of the line lead?
Stock market bubbles and crashes are good for neither Wall Street nor Main Street.
One of Sweden's biggest supermarket chains said Saturday it had to temporarily close around 800 stores nationwide after a cyberattack blocked access to its checkouts. "One of our subcontractors...
Americans are told to give their all—time, labor, and passion—to their jobs. But do their jobs give enough back?
Labour shortages are causing widespread disarray. Perhaps employers might consider something radical: paying people more and exploiting them less, writes Arwa Mahdawi
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The 100 biggest companies in the world were worth a record-breaking $31.7 trillion as of the end of Q1, up 48% year-over-year.
Covid-19 accelerated the transformation of work on Wall Street and across America. Employees are happier; their bosses, not so much.
For over four years, a pump-and-dump Discord channel has scammed millions from unregulated cryptocurrency markets — and it’s only growing stronger
Millennials were shunning plastic and supposedly wary of consumer debt. Affirm's Max Levchin saw a way to repackage buying now and paying later for younger folks—and it's made him a billionaire.
Barak Govani ran a clothing store on LA's famed Melrose Avenue. Then earlier this year he made a big bet on Amazon that he now regrets.
Revealed: more than 2,000 people, including individuals sought by police, have purchased passports, and with them visa-free access to the EU and UK
NOAA's 2021 high-tide flooding outlook shows where the risks are highest and growing. Some communities are seeing 20 or more days of flooding a year now.
Restaurants are struggling all right. Hospitality experts believe that more than one thousand may have closed since the beginning of the pandemic and it’s clear the plight of the industry is...
With traditional growth engines slowing down, China's regulators are determined to get a handle on the digital economy
A visual explainer of the economics behind America’s ubiquitous bargain-basement chains.
Praveen Khandelwal has built a name fighting against e-commerce. Now, he’s launching his own online marketplace.
After losing an epic battle with Mark Zuckerberg over ownership of Facebook and being shunned in Silicon Valley, CAMERON and TYLER WINKLEVOSS are back.
Capitalism has given rise to a new monstrosity: the endangered fish that’s farmed for your table.
Shows like The Crown offer a romanticized view of economic austerity. But, now more than ever, we need to see the true cost of budget cuts
Consumers pay for what’s scarce. And within the crowded, cheap, content-rich world of online education, what's scarce is community.
Experts say that yacht industry has seen a boom during the pandemic
A new, deeply reported book by the Times reporters Sheera Frenkel and Cecilia Kang recounts the full story of the social media company’s foibles.
Transportation and dry cleaning make it the worst green option for consumers of fashion, study finds
U.S. Securities and Exchange Commission Chair Gary Gensler said the agency is examining whether to require asset managers to bolster disclosure of workforce and management diversity.
Commingled bins in Amazon's inventory management system mixes fakes and real products, causing authentic sellers to receive backlash for counterfeiting.
Gamestop shares are set to rally 70% this morning when trading starts, and AMC shares opened up 300%, extending a run that has perplexed market observers, irked hedge funds, and generally made...
Taking the reins from Jeff Bezos won't be easy. Neither will grappling with the size and scope of the company he now runs.
Calls for reform include increasing benefits in line with cost of living as employers provide fewer retirement pensions