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Money & Markets

Zoom glitches, briefly grinding US schools to a halt

NEW YORK — Teachers and parents got a brief glimpse of a new kind of pandemic-era nightmare Monday when Zoom — the video-conferencing service that powers everything from distance learning to business meetings to casual, socially distant get-togethers — abruptly went dead. For roughly ...

Prosecutors: Former Uber exec charged in hacking cover-up

A former Uber executive was charged Thursday in federal court on allegations that he arranged to pay hackers $100,000 to cover up a high-tech heist that stole the personal information about 57 million of the ride-hailing service’s users and drivers during 2016. Two hackers pleaded guilty ...

Apple reaches $2 trillion market value as tech fortunes soar

BERKELEY, Calif. — Apple has become the first U.S. company to boast a market value of $2 trillion as technology continues to reshape a world where smartphones are like appendages and digital services are like instruments orchestrating people’s lives. The iPhone maker reached the $2 ...

Coin shortage hits retailers, laundromats, tooth fairy

A convenience store chain is offering a free beverage or sandwich in exchange for them. A laundromat owner drove 4 hours across state lines to get $8,000 worth. A young girl in Illinois wrote the tooth fairy saying she’ll gladly take dollars as a substitute if it helps. There is a shortage ...

Japan’s economy shrinks at record rate

TOKYO — Japan’s economy shrank at annual rate of 27.8 percent in April-June, the worst contraction on record, as the coronavirus pandemic slammed consumption and trade, according to government data released Monday. The Cabinet Office reported that Japan’s preliminary seasonally ...

How can Wall Street be so healthy when Main Street isn’t?

NEW YORK — The stock market is not the economy. Rarely has that adage been as clear as it is now. An amazing, monthslong rally means the S&P 500 is roughly back to where it was before the coronavirus slammed the U.S, even though millions of workers are still getting unemployment ...