Wall Street is falling deeper in love with Tesla
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. It’s a…
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The Hang Seng is down 5% in two days and the yuan is slumping as the coronavirus spreads
Hong Kong’s main stock index has fallen 5% in two days as the rising number of coronavirus cases creates uncertainty for the global economy.…
Continue Reading Samsung’s profits are down again, but the turnaround may be near
Samsung’s profits are still flagging — but the company says things are finally looking up. The tech giant reported Thursday that operating…
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Controversial El Paso businessman ‘Billy’ Abraham arrested for drunk driving, again
EL PASO, Texas — A well-known and controversial El Paso businessman is in trouble with the law once again. William “Billy” Abraham was arrested…
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Tesla Model 3 production delayed in Shanghai because of coronavirus outbreak
Elon Musk’s Tesla factory in China just got up and running. Now its vehicle production there will be delayed because of the deadly Wuhan virus…
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Trump signs new North America trade agreement, a major rewrite of trade rules with Canada and Mexico
WASHINGTON, DC — President Donald Trump on Wednesday signed into law a major rewrite of the rules of trade with Canada and Mexico that he said…
Continue Reading ‘Daunting news agenda’: Several major stories to unfold in week ahead
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Prepare to hit warp…
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Oil well blowout injures workers
BRYAN, Texas (AP) — Several workers were injured Wednesday in the blowout of a Central Texas oil well. Details of the incident at a Chesapeake…
Continue Reading As coronavirus spreads, so does online misinformation
False claims about how the coronavirus began, the number of people infected and promises of magical cures are spreading on the internet. The rise in…
Continue Reading Japan is going crazy over McDonald’s rice burger bun
McDonald’s released a burger bun made with rice in Japan — and the news is sending the Japanese internet into a frenzy. The rice burger bun,…
Continue Reading Mark Zuckerberg says Facebook’s goal is no longer to be ‘liked’
Mark Zuckerberg sent a message to the public on Wednesday: Facebook is fine doing things that are unpopular, as long as people understand why.…
Continue Reading Facebook and Google among companies banning China travel after outbreak
Facebook, Microsoft and other high-profile companies have told their employees not to travel to China as the deadly coronavirus continues to spread.…
Continue Reading UPS teams up with Waymo to test self-driving delivery vans
Waymo is teaming up with UPS to test the use of its self-driving vans in transporting packages. Waymo, the self-driving arm of Google’s parent…
Continue Reading Lyft is laying off about 90 staffers as part of restructuring
Lyft is laying off about 90 staffers as part of a restructuring as the business works to prove it can be profitable, the company confirmed to CNN…
Continue Reading Slashing food stamps hurts the poor. It also hurts their supermarkets
Independent grocery stores and regional supermarket chains already face brutal competition and shrinking profits. Now, they are worried about losing…
Continue Reading Nike has completely sold out of Kobe Bryant gear
As the world mourns the death of Kobe Bryant, one of the greatest NBA stars of all time, it seems that everyone had the same idea: stock up on Mamba…
Continue Reading Warren Buffett just got out of the newspaper business
Warren Buffett’s Berkshire Hathaway is ditching its newspaper business. Lee Enterprises will buy Berkshire’s 31 publications across the…
Continue Reading Penn National Gaming is buying a stake in Barstool Sports
Penn National Gaming is buying a stake in Barstool Sports, a sports site known for its loyal fanbase and bawdy sports commentary. Under the new deal,…
Continue Reading Trump’s super-charged GDP growth proves elusive
The Trump Economy is looking a lot like the Obama Recovery. Just last week, addressing the world’s economic elite in Davos, Switzerland, the…
Continue Reading MoviePass is shutting down permanently and liquidating in bankruptcy
The curtain has come down on MoviePass after the company filed for bankruptcy protection on Tuesday. MoviePass was once a revolutionary ticketing…
Continue Reading SpaceX launches 60 more satellites for its broadband internet constellation
SpaceX launched its fourth batch of internet-beaming satellites Wednesday as the company makes an unprecedented push to build a broadband internet…
Continue Reading Boeing posts first annual loss in 22 years because of the 737 Max crisis
Boeing reported its first annual loss since 1997 as the cost of the 737 Max crisis continued to climb. The company reported a net loss of $636…
Continue Reading Airlines around the world are suspending flights to China as the coronavirus spreads
Airlines based in North America, Europe and Asia are canceling flights to China as authorities there seek to contain the spread of the Wuhan…
Continue Reading Jack Ma donates $14 million to develop coronavirus vaccine
Jack Ma, Alibaba founder and China’s richest man, has donated 100 million yuan ($14.4 million) through his foundation to help find a vaccine…
Continue Reading Old Bay has a hot sauce now and some folks are pretty excited
Fans of hot sauce and Old Bay seasonings may want to plan a trip to the grocery store soon. McCormick & Company, the Maryland-based spice…
Continue Reading Better breakfast and chicken sandwiches: How McDonald’s plans to win customers back
McDonald’s is kicking off the year with a wave of good financial results. But it still needs to figure out how to bring in more customers.…
Continue Reading GE’s comeback continues
General Electric’s comeback under CEO Larry Culp continues. The slimmed-down conglomerate, which has been shedding assets and paring back debt…
Continue Reading BBC slashes 450 newsroom jobs in shift to digital
BBC News is cutting 450 jobs as part of a modernization plan that will shift resources from television production to digital services. The…
Continue Reading Billionaire founder of Victoria’s Secret may sell the company
L Brands’ stock jumped 12% Wednesday on a report that billionaire founder and CEO Leslie Wexner is in talks to step aside or sell the…
Continue Reading The coronavirus could be much worse for China’s economy than SARS
China has taken the extraordinary step of extending the Lunar New Year holiday — in some places by more than a week — in an effort to contain the…
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