Defense companies aren’t getting a boost from Russia’s war with Ukraine
By Nicole Goodkind, CNN Business When war breaks out, defense companies tend to make money. That means aerospace and defense stocks can serve as safe…
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Elon Musk raises an additional $7 billion in financing for Twitter deal
By Clare Duffy, CNN Business Elon Musk has raised just over $7 billion in additional equity financing to help fund his purchase of Twitter. The new…
Continue ReadingElon Musk says fees for some users may be coming to Twitter
Catherine Thorbecke, CNN Business Elon Musk said Twitter might soon charge fees for certain users, as the billionaire continues to tease how he might…
Continue ReadingElon Musk wants to ‘authenticate all real humans’ on Twitter. Here’s what that could mean
By Brian Fung, CNN As the public combs through Elon Musk’s Twitter feed for clues on how the billionaire entrepreneur intends to run the social…
Continue ReadingThe US economy contracted. Don’t panic
By Matt Egan, CNN Business The economic recovery from Covid-19 stumbled in the first quarter, but that doesn’t mean a recession is imminent.…
Continue ReadingTeladoc stock plunges as the stay-at-home economy fizzles
By Paul R. La Monica, CNN Business The huge pandemic boom for virtual health company Teladoc appears to be over. More people are willing to leave…
Continue ReadingChina’s Weibo shows user locations to combat ‘bad behavior’
By Reuters Weibo, China’s equivalent of Twitter, told users on Thursday it would start to publish their IP locations on their account pages and…
Continue ReadingChina’s Weibo shows user locations to combat ‘bad behavior’
By Reuters Weibo, China’s equivalent of Twitter, told users on Thursday it would start to publish their IP locations on their account pages and…
Continue ReadingOpinion: Struggling US families face a wave of power shutoffs if Congress doesn’t act
Opinion by Mark Wolfe for CNN Business Perspectives Families across the United States are drowning in utility debt. In 33 states, families who…
Continue ReadingEurope has bought $46 billion worth of Russian energy since the Ukraine war began
By Jack Guy, CNN Russian revenues from fossil fuel exports to the European Union soared during the first two months of the Ukraine invasion, despite…
Continue ReadingMortgage rates fall slightly, but still hover above 5%
By Anna Bahney, CNN Business Mortgage rates took a breather last week, dropping slightly after seven consecutive weeks of increases. The 30-year…
Continue ReadingUS and over 55 other countries commit to democratic internet governance
By Brian Fung, CNN More than 55 countries and the United States announced their commitment Thursday to defending a free and open internet, agreeing…
Continue ReadingRussian gas customers in Europe may accept Putin’s payment terms
By Anna Cooban, CNN Business Some of Russia’s biggest natural gas customers in Europe’s are preparing to accept the Kremlin’s new…
Continue ReadingSoaring costs and shortages push German industry to the brink
By Anna Cooban and Inke Kappeler, CNN Business Siempelkamp Giesserei has seen its fair share of crises in its 99 years. But pandemic shutdowns,…
Continue ReadingSouthwest is set to return to profitability
By Chris Isidore, CNN Business Southwest Airlines posted a first-quarter loss, but the company said that will be the last time it loses money for…
Continue ReadingMeta earnings and the metric Wall Street is obsessing over
By Julia Horowitz, CNN Business Every quarter, investors on Wall Street parse earnings for intel on how much money a company brings in and the size…
Continue ReadingThe US economy shrank in the first quarter
By Anneken Tappe, CNN Business America’s economy unexpectedly shrank in the first quarter of 2022, data from the Bureau of Economic Analysis…
Continue ReadingPeople in Beijing can now book a taxi with no one at the wheel
By Michelle Toh, CNN Business For the first time in China, people will be able to get a taxi ride without anyone behind the wheel. Baidu and…
Continue ReadingSamsung profits soar 50% on chip sales
By Michelle Toh, CNN Business Samsung reported strong results on Thursday, with profits for the first quarter climbing more than 50% compared to the…
Continue ReadingFord just reported a $3.1 billion loss. Blame Rivian
By Chris Isidore, CNN Business In the days after its November IPO, electric truck maker Rivian was briefly one of the world’s most valuable…
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