Two killed as Nio electric car crashes from third floor of a Shanghai building
By Laura He, CNN Business Two people died this week when a Nio electric car crashed to the ground from the third floor of a parking lot in Shanghai.…
Continue ReadingMoney
Small banks in China are running into trouble. Savers could lose everything
By Laura He, CNN Business Peter had put his life savings of about $6 million into accounts at three small banks in China’s central Henan…
Continue ReadingAmazon Alexa will be able to mimic deceased loved ones’ voices
By Samantha Murphy Kelly, CNN Business The latest iteration of Amazon’s Alexa voice assistant could sound eerily familiar. The company…
Continue ReadingOil CEOs call for ‘tone shift’ from White House on finger-pointing over gas prices
By Matt Egan, CNN Business The oil industry pushed for an easing of tensions and a dialing back of finger-pointing from the White House during a…
Continue ReadingEx-Trump adviser calls for lifting Trump tariffs on China
By Matt Egan, CNN Business Former Trump economic official Gary Cohn is in favor of President Joe Biden lifting some Trump-era tariffs imposed on…
Continue ReadingApple and Android phones hacked by Italian spyware, Google says
By Reuters An Italian company’s hacking tools were used to spy on Apple and Android smartphones in Italy and Kazakhstan, Alphabet’s…
Continue ReadingSpaceX says 5G expansion would make Starlink ‘unusable’ for most Americans
By Jackie Wattles, CNN Business SpaceX, Dish Network and other 5G providers are locked in a heated battle over radio frequencies, which SpaceX says…
Continue ReadingNetflix lays off 300 employees as bad year continues to hit company
By Frank Pallotta, CNN Business Netflix is laying off 300 employees in the midst of a rough year for the streaming giant. “While we continue to…
Continue ReadingThe newest, weirdest summer treat is a ketchup-flavored popsicle
By Zoe Sottile, CNN A Canadian ketchup brand has launched an unusual twist on a popular summer treat: Ketchup-flavored popsicles. The…
Continue ReadingElon Musk says he’s worried about keeping Tesla out of bankruptcy
By Chris Isidore, CNN Business Tesla faces billions of dollars in losses from its new plants, supply chain problems and Covid lockdowns — enough…
Continue ReadingHow Redbox became a Wall Street darling once again
By Paul R. La Monica, CNN Business It wasn’t too long ago when some movie fans found that the easiest and cheapest way to watch movies in a…
Continue ReadingHow Americans cope with inflation: Less gas, lots of frozen pizza and cheap coffee
By Parija Kavilanz, CNN Business Americans are cutting back at the gas pump — and not just the amount of fuel they put in their tanks. Consumers…
Continue ReadingFed chair Jerome Powell: Rate hikes could lead to more job losses
By Matt Egan, CNN Business Federal Reserve Chairman Jerome Powell told lawmakers on Thursday that aggressive interest rate hikes designed to tame…
Continue Reading‘Abhorrent and systemic’ culture of sexual abuse in Australian mining, inquiry finds
By Hannah Ritchie, CNN Mining in Western Australia, a multi-billion dollar industry which helps power the nation’s economy, is plagued by an…
Continue ReadingNike is exiting Russia
By Jordan Valinsky, CNN Business Nike is the latest Western brand to leave Russia. In a statement, the clothing manufacturer said that it has…
Continue ReadingMortgage rates rise again, pricing more buyers out of the housing market
By Alicia Wallace, CNN Business Mortgage rates continue to climb as the Federal Reserve seeks to tame unwieldy inflation. The 30-year fixed-rate…
Continue ReadingJeff Bezos’ ship, named for his mom, will no longer be used to catch rockets
By Jackie Wattles, CNN Business Jeff Bezos — the billionaire founder of Amazon and rocket company Blue Origin — made a grand public announcement…
Continue ReadingWarren Buffett must really love oil. Berkshire boosts Occidental Petroleum stake
By Paul R. La Monica, CNN Business Warren Buffett’s Berkshire Hathaway is betting that the oil boom isn’t going to end any time soon.…
Continue ReadingOpinion: The heat waves are a wake-up call: The government needs to help low-income families
Opinion by Mark Wolfe for CNN Business Perspectives Last week more than 125 million people in the US were living under heat warning and advisories…
Continue ReadingTesla is still battling spying suspicions in China
By Michelle Toh, CNN Business Tesla cars are being kept off some roads in China as authorities bar them from sensitive areas, reportedly including a…
Continue Reading