approach-brings-clarity-to-chaos

The Biden administration filed a sweeping antitrust lawsuit against Apple Thursday that targets a product that has long been the major revenue driver for the company’s $2.76 trillion business: the iPhone. The Department of Justice, joined by 16 state attorneys general, accused Apple in a New Jersey federal court of maintaining a monopoly on the US market for smartphones, of which the iPhone makes up 65 percent. The complaint alleges that Apple has deliberately thwarted apps, products, and services that would make it…

Reddit, the launchpad for many meme stocks, could now become one: The social media giant makes its debut on Wall Street this week in one of the most highly anticipated initial public offerings of the year. The nearly 20-year-old company is seeking to raise up to $748 million in its IPO on March 21, putting its valuation at about $6.4 billion. It’s the first time that a major social media company has gone public since Snap (i.e., Snapchat) in 2017. It will sell approximately 22 million shares priced at $31 to $34 each…

In the future, the ideal time to eat a burger won’t be when you’re hungry and really hankering for one. It’ll be the oddest, most awkward hours — late mornings or afternoons, the middle of the night on a Tuesday — the slices of time when prices will be lowest. Not unlike your Uber ride, fast food prices will go up or down depending on demand. At least, this is the world people imagined when fast food chain Wendy’s revealed it would be tinkering with “dynamic pricing,” a broad term that describes any strategy where…

The Senate is now considering a bipartisan bill that could force a sale of TikTok, with the House having already passed a similar measure and President Joe Biden throwing his support behind it. If the legislation is signed into law — and if it survives likely legal challenges — the question then becomes: Who would buy TikTok? The bill would require the app’s Chinese parent company ByteDance to sell the social media platform within 165 days of the law going into effect or else the platform will be banned from US app…

Imagine being mid-flight when a part of your plane rips out, leaving a yawning hole at 16,000 feet above ground. On a January 5 Alaska Airlines flight, the emergency door plug — usually fitted seamlessly into the aircraft’s fuselage — on the Boeing-made plane blew out. Luckily, the seat next to the panel was empty, and there were no fatalities. Federal investigators are still trying to figure out exactly why the door plug didn’t stay put. Boeing’s reputation in the public, meanwhile, has taken yet another nosedive. The…

Hedge fund billionaire Bill Ackman has a lot of opinions, and he’s going to make sure you hear them. How Ackman came to be a main character at the center of not one but two academic plagiarism scandals is a messy tale indeed. It started with Ackman amplifying allegations of academic dishonesty leveled against Harvard University president Claudine Gay by right-wing activists; Gay resigned from her post in early January due to the controversy. Ackman, who is Jewish, first set his sights on Gay after she failed, in his…