Companies run by billionaires are better for investors
Billionaires tend to be good at making money for themselves. Buying into the companies they control could make the rest of us richer, too. Shares in…
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GM sells its Lordstown plant to an electric pickup truck startup
A massive Lordstown, Ohio, auto assembly plant is getting a new lease on life. Startup automaker Lordstown Motors announced late Thursday it has…
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Britain’s premier election debates won’t include parties opposed to Brexit
Six days before they vote in what promises to be a landmark general election, Britons will be able to watch a live prime-time debate between Prime…
Continue Reading Strike forces Lufthansa to cancel 1,500 flights
Lufthansa says it hopes to resume a normal flight schedule on Saturday after two days of strikes forced it to cancel 1,500 flights, disrupting the…
Continue Reading Slack continues to sink as analysts worry Microsoft will kill it
Slack may be ubiquitous in offices throughout Corporate America, but the company is facing a formidable challenge from a much larger rival. That has…
Continue Reading China’s top ride-hailing company introduced a ‘curfew’ for women after riders were killed. It’s being forced to backtrack
China’s top ride-hailing firm is walking back one of its newest features after users accused the company of discriminating against women by…
Continue Reading Drake is going into business with a Canadian cannabis firm
Cannabis, so hot right now. The burgeoning North American cannabis industry — and, notably, the booming hemp-derived CBD sector — has become a…
Continue Reading Disney looks strong ahead of streaming launch
Happy Friday. A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here.…
Continue Reading Disney says Hong Kong protests could wipe out $275 million in theme park profit
Hong Kong’s political crisis is hitting the local Disneyland hard. Disney reported strong earnings on Thursday, but flagged mounting losses at…
Continue Reading Why this Apple executive says the US needs a new energy system
As wildfire season loomed in California last month, the executive who oversees Apple’s environmental efforts told CNN Business that fires…
Continue Reading US-China trade hopes leave Asian markets mixed
Asian stocks were mixed on Friday, with investors reacting cautiously to signs of a thaw in US-China trade tensions. A spokesman for China’s…
Continue Reading Dow and S&P 500 hit new record on trade deal optimism
It was another record-breaking day in the US stock market, after a Chinese official said that Washington and Beijing have discussed rolling back…
Continue Reading People just received text messages originally sent on Valentine’s Day
Text messages received overnight on Wednesday caused confusion, misunderstandings and even alarm for some recipients. The text messages appear to…
Continue Reading Searching for Google and YouTube in Big Tech’s political ad controversy
You’d be forgiven for thinking that the only tech platform that allows politicians to run false ads is Facebook. The company has faced an…
Continue Reading Disney+ will be available on Amazon’s Fire TV
The Walt Disney Company and Amazon have reached a deal that will bring the Disney+ streaming service to Amazon’s Fire TV devices. Disney CEO…
Continue Reading Sears owner secures $250 million in new capital, but another 96 stores will close
Sears, once the dominant big box retailer with thousands of stores around the United States, continues to see its footprint decimated as its owner…
Continue Reading The Gap CEO is leaving. The company’s stock lost more than half its value since he started
Gap chief executive Art Peck is stepping down ahead of the company’s spinoff of its powerhouse Old Navy line, the company announced Thursday.…
Continue Reading America is now the world’s top oil producer, but cracks are emerging
By any measure, America’s rapid expansion to a record 12 million barrels of oil output a day has been a global game-changer. In less than a…
Continue Reading Owner of Bustle, Mic and Gawker lays off more employees
Bustle, the flagship site under Bustle Digital Group, laid off eight staffers and some freelancers on Thursday. Two people who were let go told CNN…
Continue Reading BritBox: Britain’s answer to Netflix is here
The United Kingdom’s answer to Netflix has joined the streaming wars. BritBox, a streaming service created by the BBC and ITV, launched in the…
Continue Reading Removing tariffs would reduce recession risk
The trade war is doing so much damage to the world economy that the United States and China might just roll back some of their destructive tariffs.…
Continue Reading Netflix hopes to fend off streaming threat from Disney and Apple
Season 3 of Netflix’s Queen Elizabeth II drama “The Crown” premieres later this month — and it comes at a time when bigger rivals…
Continue Reading Bad time to be a CEO: 170 top executives left last month
McDonald’s. Juul. WeWork. Under Armour. Nike. Those companies, and plenty more, saw their chief executives walk out the door just in the past…
Continue Reading Apple redesigns its privacy pages, thumbing its nose at Facebook and Google
Apple redesigned the web pages of its privacy policies Wednesday, its latest effort to distinguish itself from its personal data-selling competitors.…
Continue Reading Coca-Cola doubles down on sparkling water with new caffeinated brand
La Croix was once the king of canned seltzers, but its sales have been slumping because of an influx of new competitors. Now it’s potentially…
Continue Reading No wind? No sun? This power plant solves renewable energy’s biggest problem
Virtual power plants could solve one of renewable energy’s most vexing challenges: the weather. By supplying electricity from renewable sources…
Continue Reading Facebook mulls changes to how it handles political ads
Facing increased scrutiny, Facebook is considering making some changes to how it handles political ads, a source told CNN Business. The company,…
Continue Reading The new HoloLens is better, but here’s why you’re still not going to buy it
You probably wouldn’t pay $3,500 for an augmented-reality headset that lets you play around with virtual objects in your living room. Your…
Continue Reading Investors are dumping oil. So why would anyone buy Saudi Aramco?
Saudi Arabia’s state oil monopoly makes more money than any other company on Earth. But low oil prices, the climate crisis and geopolitical…
Continue Reading McDonald’s is bringing back retro Happy Meal toys
McDonald’s Happy Meal might be for kids, but officially it’s over the hill. This year marks the 40th anniversary of the company’s…
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