Tesla will sell new shares to raise up to $2.3 billion
Tesla plans to sell up to 3 million additional shares in an effort to take advantage of the massive rally in its stock price. The offering, disclosed…
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Rihanna’s Savage x Fenty lingerie line accused of deceptive marketing tactics
A watchdog group is accusing Rihanna’s Savage x Fenty lingerie line of duping customers into registering for a subscription service. The…
Continue Reading Newspaper chain McClatchy files for bankruptcy
In another sign of the growing financial crisis in print journalism, McClatchy, the owner or 30 US newspapers, has filed for bankruptcy protection.…
Continue Reading WhatsApp hits 2 billion users
WhatsApp has amassed two billion users, up from 1.5 billion by the end of 2017, the company announced on Wednesday. The mobile messaging app was…
Continue Reading Kraft Heinz shares slide 8% as shoppers skip processed food
Kraft Heinz is still struggling to adapt to consumers’ changing tastes and their aversion to processed food. The ketchup and macaroni king…
Continue Reading Nissan’s profits plunge 83% and the coronavirus threatens its turnaround plans
Nissan’s profits are still plummeting, and the company is now bracing for more pain as the novel coronavirus outbreak threatens to wreak havoc…
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5 things to know for February 13: Coronavirus, Justice, 2020 Dems, Israel, oil spill
Good morning, overachievers! NASA is hiring a new class of astronauts in preparation for a moon landing in the next few years. Here’s what you…
Continue Reading The coronavirus is still battering oil, copper and the euro
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Stocks have…
Continue Reading Samsung and Apple’s war for the best high-end smartphone is leading to ridiculous prices
Samsung kicked off its “Galaxy Unpacked” event in San Francisco on Tuesday with a slick promo video introducing its new folding…
Continue Reading The coronavirus will cause global oil demand to shrink for the first time in a decade
The amount of oil needed to run the global economy will decline sharply in the first quarter of this year as the coronavirus forces factories to…
Continue Reading These airlines have suspended flights to and from China
Airlines around the world have responded to the coronavirus outbreak by suspending flights to and from China, severely disrupting travel by tourists…
Continue Reading Calling out bad behavior becomes part of Southwest’s pre-flight announcement
If you’re already asleep during the pre-flight announcements, you’re likely to miss it. Southwest Airlines is asking passengers to report…
Continue Reading KFC and Crocs created a clog that’s covered in fried chicken with a charm that smells like it, too
It was only a matter of time. Crocs, the footwear company and frequent collaborator with unusual artists and brands, has joined forces with KFC, the…
Continue Reading Bernie Sanders would ‘ruin our economy,’ former Goldman Sachs CEO says
Former Goldman Sachs CEO Lloyd Blankfein thinks Bernie Sanders would be a bad president. That’s not a surprise, considering that the Vermont…
Continue Reading Mobile World Congress canceled because of coronavirus outbreak
Mobile World Congress, one of the technology industry’s biggest annual events, has been called off because of the coronavirus outbreak. The…
Continue Reading We tried out the Galaxy Z Flip phone. Samsung could be onto something
A week ago, it’d be easy to dismiss foldable smartphones as a trend that never became a full-on fad. After all, Samsung’s Galaxy Fold…
Continue Reading This pricey drink was sold by text message. Now it’s hitting Walmart shelves
Five years ago, Zak Normandin started selling a sleek, pricey, low-calorie beverage called Dirty Lemon via text message. Now, Dirty Lemon is growing…
Continue Reading Facebook suspends dating service rollout in Europe after Irish officials search Dublin HQ
Facebook has suspended the rollout of its dating service in Europe planned for the eve of Valentine’s Day after officials from the Irish data…
Continue Reading Elon Musk might not have to wait long for huge payday
Elon Musk’s big payday may be closer than you think. As part of a pay package approved by shareholders in 2018, the Tesla CEO stands to get…
Continue Reading BP’s new CEO pledges net zero emissions by 2050
BP, facing growing pressure over the climate crisis, has pledged to reach net zero emissions by 2050 or sooner, as part of a plan by the…
Continue Reading US households now hold a record $14 trillion in debt
US households now hold more than $14 trillion of debt, a new record, the New York Federal Reserve said this week. Total household debt rose by $193…
Continue Reading Google just released 1,000 new images of the most gorgeous landscapes in Google Earth View
Google has shared bird’s-eye-view images of some of Earth’s most stunning landscapes from space for years now, and it just released its…
Continue Reading Disney just raised one of its key ticket prices to more than $200
Disney fans looking to party with Mickey, Minnie and the rest of the gang in California could have to pay more than $200 per ticket. Disney Parks on…
Continue Reading Facebook removes accounts run from Iran targeting Americans
Facebook announced Wednesday morning that it had removed a small network of fake social media accounts it said were run from Iran and were posting…
Continue Reading Bed Bath & Beyond’s turnaround isn’t working yet. Shares are down 25%
Bed Bath & Beyond’s stock tanked Wednesday after the company said holiday sales fell short of its expectations and that it was having…
Continue Reading Move over, kale: Mushrooms are the new grocery aisle celebrities
Move over, kale. There’s a new celebrity in the produce aisle: mushrooms. People are scooping up mushrooms so quickly that producers are…
Continue Reading Investing like Warren Buffett might not be a good idea right now
Warren Buffett is arguably the most successful investor of all time. But even though the Oracle of Omaha is now worth nearly $90 billion, he —…
Continue Reading Oops! Investors thought Slack was about to announce big news. It was old news
Slack investors are apparently so desperate for any good news about the unprofitable company that they pushed the stock sharply higher on a report…
Continue Reading ‘Frozen’ and ‘Star Wars’ rescued Hasbro during the holidays
Hasbro had good news for investors on Tuesday. It looks like many kids wound up getting Elsa, Rey and Black Panther toys as holiday gifts. Hasbro…
Continue Reading Is the coronavirus peaking? Investors are hopeful
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. The…
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