Jeff Bezos is dangerously close to losing his title as the ‘world’s richest person’
Pour one out for Jeff Bezos because the Amazon founder is precariously close to losing his title of world’s richest person to Bill Gates. Bezos…
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The S&P 500 falls short of new record high as the US reports trade deal progress with China
US stocks climbed Friday on hopes for progress on the “phase one” trade deal between the United States and China, but the S&P 500…
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Overnight lending market drama continues, forcing the Fed to pump in more and more cash
The New York Federal Reserve has vowed to ease the turmoil that erupted last month in the overnight lending market. Keeping that promise is proving…
Continue Reading Facebook News launches in testing phase as local newsrooms fear being left behind
Facebook has a message for the skeptical news industry: We’re here to help. On Friday, the company is publicly introducing Facebook News, a new…
Continue Reading Google is getting better at understanding your awkwardly phrased searches
Google is rolling out new technology to improve the results it serves up when you type in a search query, though you might not even notice. On…
Continue Reading Citigroup appoints Jane Fraser its new president, putting her in line to be first woman CEO of a major bank
Citigroup CEO Michael Corbat on Thursday named Jane Fraser the bank’s new president, as well as its new CEO of Global Consumer Banking. The…
Continue Reading Budweiser brewer hit by slumping sales in China
Anheuser-Busch InBev is running into trouble in China. The world’s largest brewer on Friday downgraded its annual earnings outlook after weak…
Continue Reading Boeing promises to change 737 Max software as Indonesia releases Lion Air crash report
Boeing said Friday that it is addressing safety recommendations raised by Indonesian investigators about its 737 Max aircraft to ensure that a fatal…
Continue Reading Mike Pence blasts the NBA and Nike
The United States and China may be moving toward a “phase one” trade deal, but a hawkish speech by Vice President Mike Pence on Thursday…
Continue Reading Chipotle looks to TikTok to reach out to millennials and Gen Z customers for Halloween
Every Halloween Chipotle celebrates the holiday with discounts for customers who buy their meals while in costume, a 19-year-old promotion it calls…
Continue Reading Offshore wind could power the world
Offshore wind turbines could generate enough electricity to power every home and business on Earth, according to a report published on Friday. The…
Continue Reading Should you buy a piece of your favorite sports team?
Buy me some peanuts and Cracker Jack — and a piece of your favorite baseball team while you’re at it? Major League Baseball will soon…
Continue Reading Mike Pence keeps the pressure on China and Nike
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 TikTok could threaten national security, US lawmakers say
TikTok, the viral short video app where millions of teens post comedy skits set to snappy music hooks, is facing a growing backlash in the United…
Continue Reading Tesla has just started making cars in China. Europe could be next
Tesla CEO Elon Musk is pushing ahead with global expansion plans after beating his deadline to start making cars in China. The company told investors…
Continue Reading SoftBank’s stock is having its worst week in nearly three months
SoftBank’s stock is having its worst week since early August. The stock is down 1.5% Friday morning, putting SoftBank on pace for its fourth…
Continue Reading Maserati distances itself from Asian ‘Oscars’ in Taiwan under pressure from China
Another Western company has been plunged into damage control mode because of tensions with China. Italian luxury car brand Maserati said in a…
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City of El Paso needs to rework economic development plan for Great Wolf Lodge
EL PASO, Texas — The city of El Paso and Great Wolf Lodge will have to come up with a new development agreement after state laws took effect…
Continue Reading Walmart wants robots in stores. Target doesn’t
Walmart and Target are taking different approaches to adding robots in stores, a split that will have an impact on the companies’ massive…
Continue Reading Amazon is delivering your packages faster, and that’s tanking its profits
Amazon is spending heavily to keep growing — and that appears to be making investors nervous. Amazon said Thursday that its profit for the three…
Continue Reading Gaming star Shroud is leaving Twitch for Microsoft’s Mixer
Competition between Amazon’s livestreaming platform Twitch and Microsoft’s Mixer is heating up. Mega Twitch star Shroud announced…
Continue Reading Why ‘Late Night’ host Seth Meyers went on a hiring spree after Trump was elected
The election of Donald Trump has upended much of the media and entertainment industry and it was no different for “Late Night” host Seth…
Continue Reading In wake of 737 Max crisis, Southwest may end its all-Boeing policy
Every plane in Southwest Airlines’ fleet is a Boeing 737. But that may not be the case in the future. Southwest CEO Gary Kelly said that the…
Continue Reading Caffeine wants to livestream games and be bigger than Twitch
In the world of live-streamed video games, there’s Twitch and then there’s everything else. Twitch has the backing of Amazon, boasts more…
Continue Reading In race for holiday shoppers, retailers promise speedy deliveries and tech in stores
Walmart, Target and Best Buy this week rolled out plans to woo shoppers during the holidays, focusing on early deals, speedier deliveries and…
Continue Reading American Express just changed its most iconic card
The American Express Green Card is turning 50, and it’s showing its age, particularly compared to newer credit card rivals with attractive…
Continue Reading In just a few days, investors could take a stake in a space tourism company for the first time
Richard Branson’s Virgin Galactic is set to become the first publicly traded commercial human spaceflight company. It could go public as soon…
Continue Reading China is trying to bring America to its knees, Trump trade adviser says
The US-China trade war is rocking America’s manufacturing industry. It’s denting profits for major companies like Hasbro and Caterpillar.…
Continue Reading The man who saved the euro bows out amid ‘unprecedented’ dissent at Europe’s central bank
In the final weeks of Mario Draghi’s tenure as president of the European Central Bank, the challenges awaiting his successor, Christine…
Continue Reading Zuckerberg said Facebook helped Black Lives Matter. Activists disagree and are bracing for 2020
Mark Zuckerberg last week invoked Black Lives Matter in explaining why he believes it’s so important to allow free expression on Facebook. But…
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