Saudi Aramco exercises ‘over-allotment’ option to raise record IPO by $3.8 billion
Saudi Aramco has exercised its “over-allotment option” to raise the size of its already record breaking initial public offering. Aramco,…
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Former US officials call for the return of press briefings: ‘It’s about accountability’
A group of former US government officials are calling on the Trump administration to resume the practice of holding regular press briefings. In an…
Continue Reading America’s new favorite restaurants are Wawa, Sheetz and 7-Eleven
In “Vacation,” National Lampoon’s 1980s classic, Chevy Chase jokes, “I’m so hungry. I could eat a sandwich from a gas…
Continue Reading ‘1917’ dethrones ‘Star Wars’ at the box office
A war movie once again topped the box office this weekend. However, this one was set in the trenches of World War I rather than a galaxy far, far…
Continue Reading Record earnings at big banks could keep the stock rally alive
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. In 2018, the…
Continue Reading The technology of the future paints a very lonely picture for all of us
While standing next to Samsung’s new softball-shaped robot Ballie at the CES tech show this week, a company spokesperson told me the personal…
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Ousted Boeing CEO exits with $80 million – but no severance
Ousted Boeing CEO Dennis Muilenburg left the company with stock options and other assets worth about $80 million, but did not receive severance as…
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New Mexico governor, executives attend aerospace summit in Las Cruces
LAS CRUCES, New Mexico — The governor of New Mexico has hosted about 30 executives in the aerospace industry at a closed-door summit to reportedly…
Continue Reading Top Google exec David Drummond to retire months after scrutiny
David Drummond, a longtime Google executive who most recently served as chief legal officer for parent company Alphabet, is retiring at the end of…
Continue Reading Dow hits a new record: 29,000 points
The Dow rose around 40 points to cross the 29,000 level for the first time, but couldn’t sustain its gains and ended the day down 133 points,…
Continue Reading Casper has filed to go public. It won’t turn a profit any time soon
Casper, the mattress-in-a-box company that revolutionized the way for people to buy their beds, filed paperwork on Friday to offer its stock to the…
Continue Reading ‘Designed by clowns’: Boeing releases flood of troubling internal documents related to 737 Max
Boeing employees ridiculed the 737 Max’s regulatory certification progress and crudely expressed doubts about the plane’s ability to fly…
Continue Reading Can ‘1917’ help Universal bounce back from ‘Cats’?
“1917,” a harrowing World War I drama, opens nationwide this weekend and is expected to have a $20 million opening, according to its…
Continue Reading The Salt Lake Tribune’s switch to nonprofit status may inspire other newspapers to do the same
Struggling newspapers across the country are asking: How long can we stay in business? With profitable days disappearing in the rearview mirror,…
Continue Reading Tesla is now the most valuable US automaker ever
Wall Street’s current love for Tesla has lifted its shares to a level never before achieved by a US automaker. Tesla shares, which are up more…
Continue Reading Andrew Cuomo promises to legalize cannabis in New York. It could be ‘gigantic’
New York wasn’t able to legalize cannabis last year, but Governor Andrew Cuomo vows it’ll happen this time around. Cuomo on Wednesday…
Continue Reading Jobs are hot. Paychecks? Not so much
The American jobs machine churned out another 2.1 million new jobs in 2019, driving the unemployment rate to the lowest level since 1969. At a 3.5…
Continue Reading Boeing’s biggest supplier lays off 2,800 workers because of 737 Max production suspension
Boeing’s largest supplier is laying off a significant number of its employees because of the 737 Max production suspension. Spirit AeroSystems,…
Continue Reading Bond yields are really low. What’s an investor craving yield to do?
If you’ve been putting cash into bonds because you want an investment that offers steady income, then you can’t be too pleased. The yield…
Continue Reading Just Eat to merge with Takeaway.com as Naspers loses out
South African tech investment company Naspers wants to become the world’s leading online food delivery business. That ambition took a major…
Continue Reading Britain’s top tabloids were already going after Meghan. Now they’re twisting the knife
Top-selling British tabloids The Sun and The Daily Mail are focusing their fire on Meghan, Duchess of Sussex, over the extraordinary rift that has…
Continue Reading US economy adds 145,000 jobs in December
The US economy added 145,000 jobs in December, the Bureau of Labor Statistics said Friday. Although the headline number slightly missed…
Continue Reading Speeches, books and Instagram posts: How Harry and Meghan could make their own money
Prince Harry and Meghan, the Duchess of Sussex, want to become financially independent but haven’t explained how they’ll make money. Yet…
Continue Reading 2020 could be a defining year for the cannabis industry
2019 was a momentous year for the cannabis industry: Hemp-derived CBD had a heyday, Illinois made history, California got sticky, vapes were flung…
Continue Reading Milk 2.0: How the dairy industry plans to save milk
It’s been a rough few months for the American milk industry. Dean Foods, the country’s largest milk processor, filed for bankruptcy in…
Continue Reading Bluetooth just got its most important update in 20 years
Bluetooth will soon roll out some of the technology’s biggest improvements in its nearly 20-year history. The group of companies that sets the…
Continue Reading Muggles, get ready for the first Harry Potter flagship store
A massive Wizarding World of Harry Potter store is coming to New York this summer. The first official Harry Potter flagship store will be located…
Continue Reading Neon’s ‘artificial human’ is a scary glimpse of the future that’s (mostly) still hype
We’ve grown accustomed to asking virtual assistants like Siri and Alexa to do small tasks for us and provide basic information. But if the CEO…
Continue Reading Trump’s trade deal with China won’t save the global economy
The Trump administration’s trade skirmish with China appears to have reached a reprieve. That’s something the world’s economy,…
Continue Reading Dow 29,000? US jobs report could give stocks another boost
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Investors…
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