User protests against Reddit’s plan to charge new fees to access its content are about to enter their third week.
Why it matters: Their actions — which range from turning thousands of large scale message boards private, to flooding some with only John Oliver content — have gone well beyond initial plans for a 48-hour "strike."
Bitcoin price is having a very nice week, holding steady around $30,000.
Why it matters: Bitcoin is the bellwether of the industry. It shows the direction of every other crypto asset's price. One day this may no longer be true, but for now, it still is.
In thousands of news stories over the course of 25 years, the late Hamish Harding was never a billionaire. And then, suddenly, he was.
Why it matters: Harding — one of five men who perished in the Titan submersible — was an adventurer and an explorer; he also founded a smallish aircraft brokerage in Dubai.
Toymaker Zuru is recalling 7.5 million Baby Shark bath toys after a dozen children were injured when falling or sitting on the toy.
Why it matters: The toys pose "risks of impalement, lacerations and punctures," according to the recall notice posted by the Consumer Product Safety Commission.
When Federal Reserve chair Jerome Powell appeared before Congress this week, it was for his twice-a-year testimony on monetary policy. But the hottest topic by far was the tougher funding rules coming for America's larger banks.
Why it matters: It is the beginning of a new era ahead for the nation's banking system, with regulators looking to require big banks to have significantly higher capital ratios.
Crypto exchange Coinbase on Friday secured a small legal victory in a case that has nothing to do with tokens nor trading.
Driving the news: The Supreme Court ruled 5-4 in favor of Coinbase over a narrow issue around the Federal Arbitration Act (FAA), a rule that for a century has protected businesses from the expense and risk of going to court to settle customer disputes.
Qatar Investment Authority has agreed to buy a 5% stake in Monumental Sports & Entertainment — the parent company of the NBA's Washington Wizards, WNBA's Washington Mystics and NHL's Washington Capitals — from owner Ted Leonsis at a reported enterprise value north of $4 billion.
Why it matters: This would be the first time a sovereign wealth fund has purchased part of an NBA team, but there are questions as to if the league will sign off.
Venture capital firm Andreessen Horowitz this month disclosed in an SEC filing that it's raising something called the "a16z Perennial Venture Capital Fund."
The big picture: This is part the new wealth management business that a16z signaled last fall when it hired Michel Del Buono away from his role as chief investment officer at Jordan Park.
Italian oil major Eni has agreed to buy most of London-based oil and gas company Neptune Energy for $4.9 billion in cash from a group of private equity firms.
Why it matters: This is the largest all-cash European energy merger in years, and comes amid two countervailing trends: The need to replace lost Russian imports, and the need to reduce carbon emissions.
Starbucks workers at unionized stores across the country will go on strike Friday over the company's reported stance on in-store Pride decorations.
Driving the news: More than 150 Starbucks stores, representing roughly 3,500 workers, will strike over the next week in protest of "Starbucks’ hypocritical treatment of LGBTQIA+ workers," Starbucks Workers United said Friday.
With the pandemic long behind us, evidence continues to mount that working from home will be a lasting feature of the American economy.
Why it matters: It's hard to overstate the importance of the fact that more than one-third of American workers aren't schlepping into the workplace each day.
New York could become the latest state in the U.S. to ban noncompete agreements. A bill passed the state's Assembly earlier this week and is now on the governor's desk.
Why it matters: There's new energy around banning or limiting the use of these often-criticized agreements, which prevent people from working for a new employer for a period of time after they leave a job.
Following the Surfside collapse, condominium owners across Florida feared their building could be next, so state lawmakers passed new building restrictions last year.
But some experts worry that the new law could force owners out of their homes if they can't pay for multimillion renovations.
Many communities nationwide are home to Airbnb listings but no hotels, the company says in a new blog post framing that data point as evidence that it helps boost what it calls "dispersed travel."
Why it matters: Airbnb's presence in smaller communities outside traditional tourism zones is controversial.
OceanGate Expeditions, the company that operated the missing Titanic tourist submersible, said Thursday it believes the pilot and four passengers aboard the vessel have died.
The latest: After the sub's disappearance on Sunday, the U.S. Navy detected sounds it suspected to be the Titan imploding using a military acoustic detection system, multiple outlets reported, citing a senior American Navy official.
3M has struck a $10.3 billion settlement with U.S. cities and towns over claims of water pollution from "forever chemicals," the chemical and manufacturing company announced Thursday.
Why it matters: The settlement in the per- and polyfluoroalkyl substances (PFAS) case that'd be paid over a 13-year period marks a major step in efforts to curb the threat of the chemicals that've been linked to health problems, and which were found to have contaminated drinking water systems.
