If the sun is setting on Facebook, then TikTok is dancing in the moonlight. How long can its short-form video hold consumers’ fickle attention? Just a few years ago, China-based ByteDance’s TikTok was an app for kids, with videos of anthropomorphic pets or freakishly talented children dancing. Now it seems like everyone is using it, […]
Summer is almost here, bringing temporary jobs for young Americans—and a first brush with U.S. taxes. Many summer workers won’t owe income tax because they don’t earn enough, even in a hot job market. But they’ll often owe Social Security and Medicare taxes, and perhaps state and local levies as well. These early paychecks are […]
One of the biggest names in cryptocurrencies is betting on individual investors. Sam Bankman-Fried, the 30-year-old billionaire who founded the cryptocurrency exchange FTX, bought a 7.6% stake in Robinhood Markets Inc., HOOD 24.88% according to a Thursday regulatory filing. He paid about $648 million for the stake, which would make him the trading app’s third-largest […]
Apple’s stock is down roughly 20% for the year and down nearly 10% so far this month. Photo: SeongJoon Cho/Bloomberg News Updated May 12, 2022 5:24 pm ET Earlier this year, Apple Inc. AAPL 3.19% looked like it was on its way to becoming the first $3 trillion company. Today, it’s no longer the most […]
Amprius Technologies Inc. has reached a deal with a special-purpose acquisition company that values the maker of silicon-anode batteries at about $1.3 billion and would take it public, company officials said. Based in Fremont, Calif., Amprius makes batteries that it says are more powerful than conventional lithium-ion cells because they use energy-dense silicon in the […]
Bitcoin plunged, then bounced back, and the world’s largest stablecoin, tether, briefly edged down from its $1 peg, adding to fears of more turbulence in the cryptocurrency market. Cryptocurrencies have been hit by two forces this week. On one side, concerns that inflation will necessitate aggressive central-bank tightening have sapped the desire to hold assets […]
Sonos’s unit sales rose 13% in the 2021 calendar year despite continued component and shipping shortages. Photo: Bloomberg News “If you can’t beat ‘em, join ‘em,” was once the Sonos SONO 14.26% motto for competing with big tech’s smart speakers. The evolution of that thinking may say more about the industry than the company. Sonos […]
Escapism is paying off well for Disney, DIS -2.29% though the entertainment giant itself can’t fully break free from the world that it inhabits. Disney’s fiscal second-quarter results posted Wednesday afternoon topped Wall Street’s estimates in key business areas such as streaming, domestic theme parks and television advertising. Revenue for the fiscal second quarter ended […]
Arcadia CEO Kiran Bhatraju said he expects Arcadia to help drive the energy transition by connecting companies and consumers to clean-energy products. Photo: Arcadia Arcadia has privately raised $200 million from investors including J.P. Morgan Asset Management to scale its climate-data and software platform, company officials said. Companies such as Ford Motor Co. F -0.15% […]
The most punishing market selloff in years showed no signs of abating Monday, with U.S. stock indexes sliding to new lows for 2022 and other assets, like oil and bitcoin, tumbling as well. Few believe a recession is imminent. The labor market has continued to add jobs at a rapid clip. Wages are climbing, and […]
