There are no Black execs at the top of Britain’s biggest companies
The number of Black executives at the very top of the biggest companies on the London Stock Exchange has fallen to zero. There are no Black CEOs,…
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China’s big tech companies are now fighting with each other
As China sharpens its antitrust crackdown on the country’s massive tech companies, two of the industry’s biggest players are taking the…
Continue Reading Wall Street is keeping very close tabs on WallStreetBets. Here’s how
Hedge funds, investment bankers and other institutional investors are desperate to find the next GameStop — before it’s too late.…
Continue Reading Tech stocks set to rally as GameStop fever dies down
U.S. stocks started the day mixed on Wednesday. Investors have moved on from GameStop (GME) mania to focus on tech earnings and the big news…
Continue Reading FAA to oversee investigation of SpaceX Mars rocket prototype’s explosive landing in Texas
BOCA CHICA, Texas — The Federal Aviation Administration said it will oversee an investigation into a crash landing of a SpaceX prototype rocket…
Continue Reading How Amazon can keep thriving even without Jeff Bezos
Jeff Bezos is stepping down as CEO of Amazon, but investors aren’t too worried about the company’s next steps. What’s happening:…
Continue Reading ‘We are lost:’ Fox News suffers ratings slump while staffers fret about post-Trump future
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. “We are…
Continue Reading GameStop stock is plummeting but the Reddit rebellion is just beginning
No matter what happens next to shares of GameStop and AMC or the price of silver, average Joes and Janes are now an undeniable force to be reckoned…
Continue Reading Kia stock soars on talk of Apple car deal
Kia Motors’ stock just had its best day in more than two decades after news media in South Korea reported that it was closing in on a major…
Continue Reading Kia stock soars after talk of a production deal with Apple
Kia Motors’ stock just had its best day in more than two decades after news media in South Korea reported that it was closing in on a major…
Continue Reading A surprise announcement in Amazon’s blockbuster earnings
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 Amazon gets court to block $3.3 billion retail deal involving India’s richest man
Amazon has been handed a major legal victory in its fight to block a multibillion-dollar deal between two of India’s biggest retailers. A court…
Continue Reading Read Jeff Bezos’s letter to Amazon employees
Amazon’s founder Jeff Bezos is stepping down later this year as CEO. He sent the following email announcing the transition to Amazon employees…
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Virgin Galactic sets southern New Mexico flight test date
TRUTH OR CONSEQUENCES, New Mexico — Virgin Galactic has set the date for a rocket-powered test flight this month in southern New Mexico following…
Continue Reading Google’s cloud business is losing money
Google is providing a deeper look into the financials of its cloud business, and it doesn’t look great. Google Cloud posted an operating loss…
Continue Reading Apple tests new way to unlock an iPhone without removing a face mask
Some iPhone users will soon be able to unlock their smartphones without needing to remove their face masks in public. There’s just one catch:…
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El Paso Water to begin disconnecting delinquent accounts, but pledges to work with those who owe
EL PASO, Texas – El Paso Water will resume its normal billing and collection processes in February, while also continuing to offer payment plans…
Continue Reading Astra, rocket startup that has yet to conduct a successful launch, is going public
Astra, a US-based rocket startup aiming to build cheap rockets to haul satellites to space, announced Tuesday that it’s going public via a…
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SpaceX Mars rocket prototype explodes on Texas landing, again
BOCA CHICA, Texas — Starship SN9, SpaceX’s early prototype for a rocket the company hopes will carry the first humans to Mars, launched a…
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Jeff Bezos to step down as Amazon CEO, become chair of the board
SEATTLE, Washington — Amazon founder Jeff Bezos will step down from his role as chief executive later this year and transition to the role of…
Continue Reading Dow surges as stocks recover from GameStop mania
Wall Street surged for a second day in a row as GameStop mania appears to be calming down. Reddit’s favorite stock fell 60% Tuesday, adding to…
Continue Reading Google will stop making video games for its Stadia platform
Google will stop making video games, less than two years after launching its highly publicized Stadia gaming platform. The company is shutting down…
Continue Reading Boston Dynamics is teaching its robot dog new tricks
Boston Dynamics is teaching its robot dog Spot new tricks. On Tuesday the company announced three new products for Spot — Spot Arm, Spot Enterprise…
Continue Reading Pfizer expects to rake in sales of $15 billion from its Covid-19 vaccine this year
Pfizer expects to earn approximately $15 billion in revenue from its Covid-19 vaccine this year, the company said Tuesday. Its fourth-quarter…
Continue Reading Tesla recalls 135,000 cars after pushing back against regulators
Tesla is recalling 135,000 Tesla Model S sedans and Model X SUVs because their large center touchscreens can fail. Tesla had previously objected to a…
Continue Reading Uber is betting $1.1 billion on alcohol deliveries
Uber’s future used to be self-driving cars. Now it’s delivering alcohol. On Tuesday, the company announced that it is acquiring alcohol…
Continue Reading Nintendo keeps blowing past its own sales goals. But it needs more hit games
Nintendo keeps having one blowout quarter after another. But analysts say it’s going to need new games and hardware to keep that momentum…
Continue Reading Alibaba sales surge, even as crackdown in China intensifies
Alibaba reported a big quarter for its e-commerce business. But China’s most famous tech firm faced nervous investors on Tuesday as a…
Continue Reading UPS gives its Express delivery boxes a Black History Month makeover
UPS is celebrating Black History Month with a special design on Express delivery packages, part of a campaign to support Black-owned small…
Continue Reading Facebook tries to remind users about benefits of data collection ahead of Apple privacy change
Facebook said Monday that it is testing a new pop-up alert for iPhone and iPad users that stresses the benefits of its apps collecting personal data.…
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