Money Archives

Xiaomi is investing $10 billion to join the electric car race

March 30, 2021 6:02 AM CNN Newssource

A big smartphone maker is getting into electric cars. And it’s not Apple. China’s Xiaomi announced Tuesday that it will invest $10…

Hedge fund failure slams Credit Suisse, Nomura and other banks

March 30, 2021 5:58 AM CNN

Major global banks could be hit with billions of dollars in losses after US investment firm Archegos Capital was forced to dump shares last week when…

Cleveland Clinic and IBM hope their tech partnership could help prevent the next pandemic

March 30, 2021 4:19 AM CNN

After a year in which scientists raced to understand Covid-19 and to develop treatments and vaccines to stop its spread, Cleveland Clinic is…

US will seize all Top Glove imports after finding ‘sufficient evidence’ of forced labor

March 30, 2021 4:17 AM CNN Newssource

The US Customs and Border Protection Agency (CBP) has ordered port officials to seize all disposable gloves made by the world’s largest…

Hong Kong broadcaster drops Oscars for the first time in 50 years

March 30, 2021 3:37 AM CNN Newssource

Hong Kong‘s leading TV broadcaster will not air the Academy Awards next month for the first time in more than half a century. Television…

Hedge fund meltdown is a (another) warning to Wall Street

March 29, 2021 6:02 PM CNN Newssource

Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here.…

Still not sure what NFTs are? ‘SNL’ explains with Eminem parody

March 29, 2021 3:45 PM CNN Newssource

If you still aren’t sure what non-fungible tokens are, or NFTs, “Satuday Night Live” might have an answer. The NFT craze made its…

Dominion lawyer alleges Fox News ‘recklessly disregarded the truth’ on 2020 election claims

March 29, 2021 3:32 PM CNN Newssource

The fallout against Fox News and its alleged role in touting false 2020 election claims has now unfolded into another defamation lawsuit. Dominion…

Here’s what could happen next as milestone Amazon union vote ends

March 29, 2021 1:56 PM CNN Newssource

One year to the day after workers first stepped inside a new Amazon warehouse in Bessemer, Alabama, a milestone union vote at the facility is coming…

Rental car shortage is a boon for Turo, the Airbnb of cars

March 29, 2021 12:50 PM CNN Newssource

Rental car companies have been slashing their fleets during the pandemic, but now that travel is picking up again supply is tight and prices are…

Vaccine passport apps could help us return to normal. First they need to solve the trust problem

March 29, 2021 12:23 PM CNN Newssource

The next time you attend a wedding or concert, visit a place of worship, eat indoors at a restaurant or even go to work, you may need to show digital…

Carbone takes aim at Rao’s with new supermarket sauce lineup

March 29, 2021 11:01 AM CNN Newssource

Watch out, Rao’s. There’s a new fancy pasta sauce headed for grocery shelves. The high-end New York-based Italian restaurant Carbone is…

Czech billionaire Petr Kellner among five killed in helicopter crash in Alaska

March 29, 2021 9:39 AM CNN Newssource

Czech billionaire Petr Kellner was one of five people killed when their chopper crashed near a glacier in Alaska during a skiing trip on Saturday.…

Swizz Beatz and Timbaland bring Verzuz to Peloton

March 29, 2021 9:01 AM CNN Newssource

Peloton and Verzuz, two success stories of the pandemic economy, are joining forces in a deal they hope will add to their growing fortunes. The home…

Southwest just placed the biggest Boeing 737 Max order since it was grounded

March 29, 2021 7:12 AM CNN Newssource

Southwest agreed to buy 100 737 Max jets from Boeing, the largest order for the troubled jet since its grounding in 2019 following two fatal crashes.…