Pablo Vegas, a utility executive in Ohio, named ERCOT’s new CEO
Pablo Vegas, a utility executive who lives in Ohio, will be the new leader of Texas’ main power grid operator, the Electric Reliability Council of…
Continue ReadingBiz/Tech
End of the Zoom boom? Citi analyst cuts stock to a rare ‘sell’ rating
By Paul R. La Monica, CNN Business Zoom was one of the biggest beneficiaries of the work-from-anywhere trend that took hold during the height of the…
Continue Reading End of the Zoom boom? Citi analyst cuts stock to a rare ‘sell’ rating
CNN By Paul R. La Monica, CNN Business Zoom was one of the biggest beneficiaries of the work-from-anywhere trend that took hold during the height of…
Continue Reading End of the Zoom boom? Citi analyst cuts stock to a rare ‘sell’ rating
CNN By Paul R. La Monica, CNN Business Zoom was one of the biggest beneficiaries of the work-from-anywhere trend that took hold during the height of…
Continue Reading
Mark Hoffman out as CNBC chief, KC Sullivan replacing him
NEW YORK (AP) — Longtime CNBC chief Mark Hoffman is leaving the network after 28 years, His departure was announced Tuesday. Hoffman has been in…
Continue Reading It’s like Airbnb but for renting your pool to strangers. Things don’t always go as planned
By Sara Ashley O’Brien, CNN Business Chris, a homeowner in Des Moines, was surprised when a woman he didn’t know recently pulled into his…
Continue Reading MacKenzie Scott gives $39 million to Junior Achievement USA
By GLENN GAMBOA AP Business Writer Billionaire philanthropist MacKenzie Scott donated $38.8 million to Junior Achievement USA and 26 local operations…
Continue Reading New Scottish law makes period products free for all
LONDON (AP) — A law has taken effect in Scotland to ensure period products are available free of charge to anyone who needs them. The Scottish…
Continue Reading Walmart+ has an Amazon Prime Video competitor
By Frank Pallotta, CNN Business Walmart+ — in its effort to become a true competitor to Amazon Prime — will offer Paramount+ as part of its…
Continue Reading Switzerland, Uzbekistan sign deal on return of Karimova cash
BERLIN (AP) — Switzerland says it has signed an agreement with Uzbekistan on the return of $131 million seized as part of a money-laundering…
Continue Reading New home construction cools as more people get priced out of the housing market
By Anna Bahney, CNN Business Home builders pressed on the brakes once again last month as the cost of building supplies remained high and more…
Continue Reading American Airlines places deposit on 20 supersonic planes
By DAVID KOENIG AP Airlines Writer DALLAS (AP) — American Airlines has agreed to buy up to 20 supersonic jets and put down a non-refundable deposit…
Continue Reading GM recalls 484K big SUVs to fix problem third-row seat belts
DETROIT (AP) — General Motors is recalling more than 484,000 large SUVs in the U.S. to fix a problem that can cause the third-row seat belts to…
Continue Reading Record Home Depot sales show America’s housing market is still strong
By Paul R. La Monica, CNN Business Soaring mortgage rates and unaffordable home prices are worrisome signs for the broader housing market and…
Continue Reading Warren Buffett is still betting on America’s economy
By Julia Horowitz, CNN Business It’s a moment of great uncertainty for the US economy, as high inflation and rising interest rates feed fears…
Continue Reading Walmart results relieve some recession fears
By Chris Isidore, CNN Business Walmart had good news Tuesday for investors and economists worried about a looming recession, as the retail giant gave…
Continue Reading Hot dogs vs deli meat; rising costs shape choices at Walmart
By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Walmart has reported better-than-expected second quarter results. That’s partly…
Continue Reading Satellite images show first ship out of Ukraine in Syria
By JON GAMBRELL Associated Press DUBAI, United Arab Emirates (AP) — The first shipment of grain to leave Ukraine under a wartime deal appears to…
Continue Reading Millennial Money: A scarcity money mindset can cost you
By SARA RATHNER of NerdWallet When scary economic news is everywhere, your impulse might be to hunker down with your money until things improve. But…
Continue Reading Indonesian leader calls for unity, braces for global crises
By NINIEK KARMINI Associated Press JAKARTA, Indonesia (AP) — Indonesia’s president has called on all citizens to remain united, vigilant and…
Continue Reading Home Depot posts record profit, revenue; sticks to outlook
By MICHELLE CHAPMAN AP Business Writer Home Depot’s sales rose in its fiscal second quarter, buoyed by continued demand for items related to home…
Continue Reading Europe drought: German industry at risk as Rhine level falls
By FRANK JORDANS Associated Press BERLIN (AP) — Germany’s main industry lobby group has warned that factories may have to throttle production or…
Continue Reading High temps, drought in China affect drinking water, crops
BEIJING (AP) — Unusually high temperatures and a prolonged drought are affecting large swaths of China, reducing crop yields and drinking water…
Continue Reading UK workers suffer biggest hit to their wages since records began
By Anna Cooban, CNN Business UK workers have suffered the biggest drop in their spending power in more than 20 years as prices keep soaring. Average…
Continue Reading China’s worst heatwave in 60 years is forcing factories to close
By Laura He, CNN Business China’s Sichuan province has ordered all factories to shut down for six days to ease a power shortage in the region…
Continue Reading Germany: 1 dead, 9 injured after test car veers into traffic
BERLIN (AP) — Police in Germany says one person has died and nine were seriously injured after a test car with autonomous steering capability…
Continue Reading Gates eyes partnership with South Korea over global health
SEOUL, South Korea (AP) — Bill Gates is calling for South Korea to become more involved in international efforts to prevent infectious diseases…
Continue Reading Kenya’s Odinga says he will challenge close election loss
By CARA ANNA Associated Press NAIROBI, Kenya (AP) — Opposition figure Raila Odinga said Tuesday that he would challenge the results of…
Continue Reading Asian shares rise on optimism about US, China economies
By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian shares were mostly higher Wednesday as regional markets looked to strong economic signs out…
Continue Reading Explosions rock Crimea in suspected Ukrainian attack
By PAUL BYRNE Associated Press KYIV, Ukraine (AP) — Explosions and fires ripped through an ammunition depot in Russian-occupied Crimea on Tuesday…
Continue Reading