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Superconductors' Viral 'LK-99' Moment Takes Investors for a Wild Ride
Business

Superconductors' Viral 'LK-99' Moment Takes Investors for a Wild Ride

Share prices skyrocket, then sink, for companies that don’t even have a direct link to room-temperature superconductors. Source link

Food-Delivery Workers in New York City Launch Labor Fight
Business

Food-Delivery Workers in New York City Launch Labor Fight

Companies push back against mandated wage increases, as “Deliveristas” dig in. Source link

Nikola CEO Michael Lohscheller Steps Down
Business

Nikola CEO Michael Lohscheller Steps Down

Michael Lohscheller has stepped down due to a family health matter, and Chairman Steve Girsky has taken over as CEO of the electric-vehicle maker. Source

For Once, Rookie Consultants Don't Have Much to Do
Business

For Once, Rookie Consultants Don't Have Much to Do

With few clients, some young workaholics are spending their workdays watching Netflix. They’re still getting paid. Source link

U.S. Cellular Owner Explores Sale
Business

U.S. Cellular Owner Explores Sale

The regional wireless carrier’s controlling shareholder says it is exploring strategic options for a business left behind by telecom’s consolidation wave. Source link

Congress Ended a Tax Break. How That May Help Higher Earners
Business

Congress Ended a Tax Break. How That May Help Higher Earners

Some people are being pushed into saving in Roth 401(k)s, but they may come out ahead despite losing a key tax deduction. Source link

Disney's ESPN Plots Its Streaming Future, Seeking Tie-Ups With Leagues and Rivals
Business

Disney's ESPN Plots Its Streaming Future, Seeking Tie-Ups With Leagues and Rivals

ESPN’s talks with potential strategic partners are touching on several roles the sports-TV giant could play in the streaming world, including as a major broadcaster

Airbnb Powers to Most Profitable Second Quarter on High Nightly Rates
Business

Airbnb Powers to Most Profitable Second Quarter on High Nightly Rates

Airbnb posted its most profitable second quarter ever, boosted by high nightly rates guests were willing to pay—in a sign that steep travel prices are

Triple-Digit Heat, but No Electric Bill? For Passive Homeowners, 'It's Hard to Go Back'
Business

Triple-Digit Heat, but No Electric Bill? For Passive Homeowners, 'It's Hard to Go Back'

Three side-by-side houses in Boston are designed to offer clean inside air, reduced emissions and little to no energy costs. Source link

Gucci Works Its Socks Off to Be Cool Again
Business

Gucci Works Its Socks Off to Be Cool Again

A big test for the fashion brand comes in September Source link