Hedge fund meltdown: Elizabeth Warren suggests regulators should’ve seen it coming
Senator Elizabeth Warren is calling out regulators after little-known hedge fund Archegos Capital Management was able to borrow so much money that…
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How one hospital system is using technology to reduce health care providers’ exposure to coronavirus
Video calling has, for many, been key to staying connected with friends, family and coworkers as coronavirus forces people to stay apart. Now, the…
Continue Reading The reason we can’t fully explore space is fixable. Here’s how
With so many challenges facing us here on Earth — the pandemic, climate change, the economy — it might seem like an odd time to focus on space.…
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Virgin Galactic rolls out latest generation of spaceship to be tested in New Mexico
TRUTH OR CONSEQUENCES, New Mexico — Virgin Galactic rolled out its newest spaceship Tuesday as the company looks to resume test flights in the…
Continue Reading GameStop raids Amazon for another heavy-hitter exec
GameStop is adding to its growing list of new executives hired from Amazon and Chewy with the hope of turning the struggling, longtime mall staple…
Continue Reading Chipotle is giving away $100,000 in bitcoin
Chipotle is jumping into the bitcoin craze. Sort of. No, the chain isn’t accepting the cryptocurrency as payment for its Mexican dishes.…
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CVS now scheduling Covid-19 vaccine appointments in Las Cruces
LAS CRUCES, New Mexico — Eligible Las Cruces residents who still need a Covid-19 vaccine can now schedule an appointment at CVS pharmacy. Beginning…
Continue Reading Amazon and Paramount+ pull controversial virus-focused SpongeBob episode
Two “SpongeBob SquarePants” episodes are no longer available on Paramount+ and Amazon because of inappropriate content. One episode,…
Continue Reading ‘Immediate and drastic.’ The climate crisis is seriously spooking economists
Worsening inequality, trillions of dollars in economic damage and depressed economic growth. Those are the outcomes that economists fear we will face…
Continue Reading Caught on video: SpaceX Mars rocket prototype again explodes during Texas test flight
BOCA CHICA, Texas — An experimental SpaceX rocket exploded at the end of a high-altitude test flight Tuesday, but heavy fog at the site left…
Continue Reading Volkswagen of America says it’s changing its name to ‘Voltswagen’
In a move intended to reflect its new push into electric vehicles, Volkswagen’s US arm says it is changing its name to…
Continue Reading Pizza Hut redesigns the drive-thru
Pizza Hut is doubling down on the growing popularity of the drive-thru with a new digital-focused version now opening at more than 1,500 restaurants…
Continue Reading A little-known hedge fund caused widespread chaos on Wall Street
The names of the key players are different, but the lessons similar. The spectacular implosion of hedge fund Archegos Capital Management, much like…
Continue Reading Elon Musk on SpaceX SN11 Mars rocket prototype test: ‘At least the crater is in the right place!’
An experimental rocket that SpaceX launched at its South Texas facilities Tuesday appears to have exploded, but heavy fog at the landing site left…
Continue Reading Volkswagen America says it’s changing its name to ‘Voltswagen’
In a move intended to reflect its new push into electric vehicles, Volkswagen’s US arm says it is changing its name to…
Continue Reading We can’t fully explore space without the government addressing these problems
With so many challenges facing us here on Earth — the pandemic, climate change, the economy — it might seem like an odd time to focus on space.…
Continue Reading Why Archegos was allowed to operate in the shadows
The dramatic implosion of Archegos Capital Management is another warning to Wall Street about the dangers of hefty leverage and speculative behavior…
Continue Reading Xiaomi is investing $10 billion to join the electric car race
A big smartphone maker is getting into electric cars. And it’s not Apple. China’s Xiaomi announced Tuesday that it will invest $10…
Continue Reading Hedge fund failure slams Credit Suisse, Nomura and other banks
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…
Continue Reading Cleveland Clinic and IBM hope their tech partnership could help prevent the next pandemic
After a year in which scientists raced to understand Covid-19 and to develop treatments and vaccines to stop its spread, Cleveland Clinic is…
Continue Reading US will seize all Top Glove imports after finding ‘sufficient evidence’ of forced labor
The US Customs and Border Protection Agency (CBP) has ordered port officials to seize all disposable gloves made by the world’s largest…
Continue Reading Hong Kong broadcaster drops Oscars for the first time in 50 years
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…
Continue Reading Hedge fund meltdown is a (another) warning to Wall Street
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.…
Continue Reading Still not sure what NFTs are? ‘SNL’ explains with Eminem parody
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…
Continue Reading Dominion lawyer alleges Fox News ‘recklessly disregarded the truth’ on 2020 election claims
The fallout against Fox News and its alleged role in touting false 2020 election claims has now unfolded into another defamation lawsuit. Dominion…
Continue Reading Here’s what could happen next as milestone Amazon union vote ends
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…
Continue Reading Rental car shortage is a boon for Turo, the Airbnb of cars
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…
Continue Reading Vaccine passport apps could help us return to normal. First they need to solve the trust problem
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…
Continue Reading Carbone takes aim at Rao’s with new supermarket sauce lineup
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…
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CDC extends eviction moratorium until June 30
WASHINGTON, DC — The federal ban on evictions has been extended yet again, bringing relief to tens of millions of renters struggling to catch up.…
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