SoftBank reports record $27.5 billion loss on crashing tech stocks
By Michelle Toh, CNN Business SoftBank’s mega tech funds lost more than $27 billion in the last fiscal year, by far their worst performance on…
Continue ReadingMoney
Saudi Aramco eclipses Apple to once again become the world’s most valuable company
By Michelle Toh, CNN Business Saudi Aramco has overtaken Apple as the world’s most valuable company, underscoring the recent surge in oil…
Continue ReadingRivian shares rise, despite larger than expected loss
By Chris Isidore, CNN Business Electric truck maker Rivian delivered some much needed assurance to Wall Street Wednesday, even as it reported a…
Continue ReadingGoogle announces new smartphones, a watch and tablet at its I/O developer conference
By Rishi Iyengar and Rachel Metz, CNN Business Google on Wednesday unveiled an expanded lineup of hardware products in the latest sign it remains…
Continue ReadingDisney avoids Netflix’s fate as streaming subscriptions grow
By Frank Pallotta, CNN Business Disney’s streaming numbers were under the microscope on Wednesday after Netflix’s stock tanked last month…
Continue ReadingVolkswagen is bringing back the Scout as an electric SUV
By Peter Valdes-Dapena, CNN Business The Scout, a one-time competitor to Ford Broncos and Jeeps that was last sold more than four decades ago, is…
Continue ReadingKohl’s holds off barbarians at the gate… for now
By Nathaniel Meyersohn, CNN Business The pitchforks have been out for Kohl’s over the past year. Activist investors have criticized the…
Continue ReadingHere’s what’s getting more expensive at the grocery store
By Danielle Wiener-Bronner, CNN Business Inflation may be slowing just a bit, but food prices are on fire. Food prices were 9.4% higher in April 2022…
Continue ReadingShireen Abu Akleh, journalist killed in the West Bank, was ‘the voice of Palestinian suffering’
By Nadeen Ebrahim and Abbas Al Lawati, CNN Veteran Palestinian-American journalist Shireen Abu Akleh was a household name in the Arab world. For two…
Continue ReadingTesla’s stock slide raises doubts about Elon Musk’s Twitter purchase
By Paul R. La Monica, CNN Business Elon Musk’s bold plan to buy Twitter depends partly on how his investment in Tesla is doing. Uh-oh. Shares…
Continue ReadingThis California desert could hold the key to powering all of America’s electric cars
By Peter Valdes-Dapena, CNN Business The Salton Sea Basin feels almost alien. It lies where two enormous chunks of the Earth’s crust, the North…
Continue ReadingWatch a space startup spin a projectile into the sky at more than 1,000 miles per hour
By Jackie Wattles, CNN Business SpinLaunch, an ambitious startup that hopes to spin, rather than launch, satellites into orbit, released dizzying…
Continue ReadingWatch a space startup spin a projectile into the sky at more than 1,000 miles per hour
By Jackie Wattles, CNN Business SpinLaunch, an ambitious startup that hopes to spin, rather than launch, satellites into orbit, released dizzying…
Continue ReadingBitcoin crash is crushing Coinbase. Stock plunges again
By Paul R. La Monica, CNN Business The bitcoin crash is hitting Coinbase really, really hard. The cryptocurrency brokerage reported a first-quarter…
Continue ReadingBest Buy has a new strategy to win bargain hunters
By Nathaniel Meyersohn, CNN Business Prices are surging, and Best Buy has a plan to draw in shoppers hunting for deals on TVs and laptops: more…
Continue ReadingHere’s what to do if you have a loss on an investment
By Jeanne Sahadi, CNN Business When it comes to your investments, these are the days to make some lemonade. After racking up banner gains in 2021,…
Continue ReadingUS inflation slowed last month for the first time since August
By Anneken Tappe, CNN Business US inflation took a breather last month for the first time since August. Prices still increased, but at a slower pace…
Continue ReadingHertz will rent you a Mustang with more than 900 horsepower
By Peter Valdes-Dapena, CNN Business For your next important business trip, you can now rent a Ford Mustang from Hertz with a supercharged 5.2-liter…
Continue ReadingBoeing clashes with key supplier ahead of Starliner spacecraft launch
By Reuters Boeing Co. is feuding with Aerojet Rocketdyne, a key supplier for its Starliner spacecraft, as the U.S. aerospace giant races to test…
Continue ReadingBoeing clashes with key supplier ahead of Starliner spacecraft launch
By Reuters Boeing Co. is feuding with Aerojet Rocketdyne, a key supplier for its Starliner spacecraft, as the U.S. aerospace giant races to test…
Continue Reading