By Richard Clough, Matthew Boyle and Emma Court
Companies are rushing to assess their mask policies after a sudden announcement by U.S. officials put newly relaxed federal guidelines in conflict with the rules at many businesses.
Home Depot Inc. and TJX Cos. said they don’t immediately plan to change their policies advising face coverings be worn inside their stores, while Macy’s Inc., Levi Strauss & Co. and Gap Inc. said they’re reviewing the new guidance. …
By Michael Riley and Kartikay Mehrotra
The U.S. government’s fight to choke off ransom payments collected by hackers hit a major snag Thursday, following news that Colonial Pipeline Co. paid a hefty sum to hackers who for several days this week effectively shut down the country’s largest fuel pipeline and created gas shortages along the East Coast.
The decision went against FBI and Treasury Department warnings that such payouts will only spread pain down the line by encouraging more hacking, raising questions around the ethics of paying the ransoms.
Cybersecurity experts, lawyers and insurers say those pleas run up against…
By Craig Trudell
Tesla Inc.’s abrupt about-face on Bitcoin is nothing new for Elon Musk.
The chief executive officer has U-turned on many occasions before this week’s surprise decision to suspend accepting the cryptocurrency for Tesla vehicle purchases.
Here are a few other notable examples:
Musk shocked the business world with his August 2018 tweet saying he was considering taking Tesla private at $420 a share. He claimed he had secured funding for the maneuver and wrote that investor support had been confirmed.
By Elizabeth Elkin
Lindsay McCormick used to be a surf instructor who would watch as trash piled up along the beaches of Malibu. When her career shifted to TV production and she had to travel, she kept a toiletry kit full of refillable bottles to cut down on plastic. The one thing she couldn’t find a refillable version of: toothpaste.
After doing some research, she decided to make her own toothpaste tablets — you pop one in your mouth, bite down on it, start brushing with a wet toothbrush, and it turns into a paste similar to one you’d squeeze…
By Olga Kharif
A digital token that was launched Monday and goes by the name Internet Computer is already one of the largest cryptocurrencies in the world, with a market value of about $45 billion.
That makes it the eighth-largest digital asset among the top 10 in CoinMarketCap.com’s rankings. The token and its related digital ledger are supposed to help anyone — software developers or content creators — publish anything they want onto the internet, without having to go through digital giants such as Amazon.com Inc. or Facebook Inc., or to use servers or commercial cloud services. The idea is…
By Alyza Sebenius, Jennifer A. Dlouhy and Brody Ford
The ransomware attack that shut down the nation’s biggest fuel pipeline prompted an all-too familiar question in the corridors of power in Washington and boardrooms across the country: Can anyone stop debilitating hacks?
The assault on Colonial Pipeline Co. last week was a particular affront. Not only did it disrupt fuel distribution on the East Coast, it followed an effort by the Biden administration to act against cyber crime — especially ransomware, where criminals remotely disable a computer system and demand payment. …
By Marion Halftermeyer
In the mythology of private banking, Banque Pictet & Cie SA stands apart. Over the course of more than two centuries, the Swiss institution has discreetly tended to the assets of the very rich, led by a small crop of partners who form the most exclusive men-only club anywhere outside the Vatican.
In its entire history, only 43 individuals — all men, all white — have risen to the rank of Pictet managing partner, creating a bond more enduring than your typical marriage. …
By Ben Elgin and Lizette Chapman
When Curt Kinder bought a new electric Chevy Bolt three years ago, he wanted an excuse to drive it as often as possible. “It’s so smooth, quiet and agile,” he said.
So the 55-year-old electrical engineer and business owner in Jacksonville, Florida, signed up to become one of the first electric vehicle owners to drive for Uber and Lyft. Like any curious engineer, Kinder kept a meticulous spreadsheet of income and expenses for all of his 6,000-plus ride-hailing trips. …
By Justina Lee
Nic Carter’s first foray into digital currencies was mining Dogecoin in his university dorm room back in 2013.
Created as a joke with the Shiba Inu dog breed as its logo, the meme-inspired token seemed more fun than Bitcoin and its community of diehards.
The 28-year-old now runs a crypto data provider that counts Goldman Sachs Group Inc. among its investors. He’s lost access to a trove of Dogecoin that has surged roughly 200,000% since the token’s inception. …
By Naomi Nix
The decision by a Facebook Inc. panel to extend for up to six months former President Donald Trump’s banishment from the social media platform has renewed calls to revoke the legal shield that enabled Facebook to grow into one of the richest and most powerful companies in the world.
Minutes after the announcement, it was clear that the Facebook ruling hadn’t pleased liberals or conservatives. House Minority Leader Kevin McCarthy tweeted that Republicans would move to “rein in big tech power over our speech” if the GOP takes control of the House after the 2022 midterm elections.