Why Tesla’s stock is still defying gravity
By Julia Horowitz, CNN Business Investors have quickly turned on companies like Netflix that were growing fast during the recovery from the pandemic…
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Netflix’s world has been turned upside down as stock plunges 35%
By Frank Pallotta, CNN Business Call Eleven and Sheriff Hopper of “Stranger Things,” because Netflix’s world has been turned upside…
Continue ReadingNetflix may clamp down on password sharing. Here’s what that means
By Frank Pallotta, CNN Business Netflix shares plunged this week after the platform reported its first subscriber loss in more than a decade. One…
Continue ReadingThe head of Russia’s second biggest oil company has quit
By Mark Thompson and Chris Liakos, CNN Business One of Russia’s richest men has quit as CEO of Lukoil, the country’s second-largest oil…
Continue ReadingFed Chairman Powell: A half-percentage point interest rate hike is ‘on the table’ for May
By Anneken Tappe, CNN Business A half-percentage point interest rate hike is officially on the table, Federal Reserve Chairman Jerome Powell said…
Continue ReadingThe magic is gone for Disney investors
By Paul R. La Monica, CNN Business Disney investors aren’t having as awful a year as Netflix shareholders. But that’s not saying much.…
Continue ReadingIMF says Russia’s war in Ukraine will ‘severely set back’ global economy
By Julia Horowitz, CNN Business The International Monetary Fund has slashed its expectations for global economic growth over the next two years…
Continue ReadingForeign investors are ditching China. Russia’s war is the latest trigger
By Laura He, CNN Business Investors are ditching China at an unprecedented scale as a cocktail of political and business risks, and rising interest…
Continue ReadingInvestors await Netflix earnings while scrutinizing the streaming business model
By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
Continue ReadingThese airlines are making masks optional after mandate struck down
By Pete Muntean and Dave Alsup, CNN After a federal judge in Florida struck down the Biden administration’s mask mandate for airplanes and…
Continue ReadingWhy Tesla investors may need to worry about Elon Musk’s Twitter distraction
By Paul R. La Monica, CNN Business Tesla is in a highly competitive electric car market. It has no chief operating officer. And CEO Elon Musk was…
Continue ReadingChina’s economy had a good first quarter. Lockdowns leave it ‘in distress’
By Laura He, CNN Business China’s economy made a solid start to the year, recording first quarter growth that surpassed expectations. But a…
Continue ReadingRichard Roth undergoes successful kidney transplant surgery, thanks, in part, to CNN donor
By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
Continue ReadingStreaming services take a hit as inflation forces Brits to choose
By Anna Cooban, CNN Business Britons are abandoning streaming services such as Netflix and Disney+ to save money as they suffer the biggest cut to…
Continue ReadingUkraine’s richest man vows to rebuild besieged Mariupol
Reuters Ukraine’s richest man has pledged to help rebuild the besieged city of Mariupol, a place close to his heart where he owns two vast…
Continue ReadingSpaceX’s Falcon 9 launches spy satellites for a second time
By Theresa Waldrop and Luis Jaime Rodríguez, CNN A SpaceX Falcon 9 rocket once again successfully launched a US spy satellite from the Vandenberg…
Continue ReadingTrading metals is still a mess. It’s not just about nickel
By Nicole Goodkind and Julia Horowitz, CNN Business Almost two months after Russia’s invasion of Ukraine, the global metals trade remains in…
Continue ReadingChina’s economy had a good first quarter. Lockdowns leave it ‘in distress’
By Laura He, CNN Business China’s economy made a solid start to the year, recording first quarter growth that surpassed expectations. But a…
Continue ReadingWho’s who: Meet the Murdoch Family
By Beth Marengo and Samaria Parker, CNN Over the past 70 years, media mogul Rupert Murdoch built a small Australian family newspaper company into…
Continue ReadingWho’s who: Meet the Murdoch Family
By Beth Marengo and Samaria Parker, CNN Over the past 70 years, media mogul Rupert Murdoch built a small Australian family newspaper company into…
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