Biz/Tech Archives

Elon Musk just took the entire EV sector down with these comments

January 28, 2022 10:03 AM CNN Newsource

By Chris Isidore, CNN Business Six months ago, Elon Musk said he would stop attending investor conference calls unless there was “something…

FAA clears Verizon and AT&T to turn on more 5G cell towers

January 28, 2022 9:43 AM Associated Press

By DAVID KOENIG AP Airlines Writer Concern about new high-speed wireless service interfering with airplanes appears to be easing. Federal safety…

Kia recalls 410K vehicles; air bags might not work in crash

January 28, 2022 7:52 AM Associated Press

DETROIT (AP) — Kia is recalling more than 410,000 vehicles in the U.S. to fix a problem that can stop the air bags from inflating in a crash. The…

Queen Mary ship closed to tourists to get ‘critical repairs’

January 28, 2022 9:26 AM Associated Press

LONG BEACH, Calif. (AP) — Southern California officials say they’re getting ready to start critical repairs to the Queen Mary historic ship…

After huge pandemic losses, governments see rapid rebound

January 28, 2022 9:10 AM Associated Press

By DAVID A. LIEB and CAMILLE FASSETT Associated Press State and local governments reported more than $117 billion of revenue losses in the first year…

The US is starting to make a manufacturing comeback. Here’s how to sustain it

January 28, 2022 8:57 AM CNN Newsource

Opinion by Brian Deese for CNN Business Perspectives The Covid-19 pandemic has laid bare the vulnerabilities in America’s domestic…

Almost 5,000 US flights canceled this weekend as winter storm pummels East Coast

January 28, 2022 8:35 AM CNN Newsource

By Jordan Valinsky, CNN Business Airlines have canceled thousands of flights this weekend as a powerful winter storm packing strong winds and many…

Almost 5,000 US flights canceled this weekend as winter storm pummels East Coast

January 28, 2022 8:35 AM CNN

CNN By Jordan Valinsky, CNN Business Airlines have canceled thousands of flights this weekend as a powerful winter storm packing strong winds and…

Consumer sentiment sinks on inflation and Omicron worries

January 28, 2022 8:29 AM CNN Newsource

By Anneken Tappe, CNN Business Worries over soaring prices and the Omicron variant of the coronavirus soured Americans’ views of the economy in…

Farmers alarmed as NY looks at expanded overtime for workers

January 28, 2022 7:55 AM Associated Press

By MICHAEL HILL Associated Press SCHUYLERVILLE, N.Y. (AP) — New York state is looking at lowering the farm worker overtime threshold from 60 hours…

Vatican selling London property at heart of fraud trial

January 28, 2022 7:42 AM Associated Press

By NICOLE WINFIELD Associated Press ROME (AP) — The Vatican has signed a contract to sell a luxury London building that is at the heart of a fraud…

UniCredit drops bid for Russian bank over Ukraine tensions

January 28, 2022 7:15 AM Associated Press

MILAN (AP) — UniCredit CEO Andrea Orcel says the Italian bank has decided not to pursue a possible takeover bid for Russian bank Otkritie due to…

Argentina reaches agreement with IMF to refinance debt

January 28, 2022 7:13 AM Associated Press

BUENOS AIRES, Argentina (AP) — Argentina says it has reached an agreement with the International Monetary Fund to refinance more than $40 billion…

Good news: Paychecks are going up. Bad news: So is inflation

January 28, 2022 7:10 AM CNN

CNN, WFRV By Anneken Tappe and Tami Luhby, CNN Business Americans’ paychecks continued to rise at the end of 2021. But along with that, so did…

Good news: Paychecks are going up. Bad news: So is inflation

January 28, 2022 7:10 AM CNN Newsource

By Anneken Tappe and Tami Luhby, CNN Business Americans’ paychecks continued to rise at the end of 2021. But along with that, so did prices.…

Workers don’t know their schedules until the last minute. That’s a big problem

January 28, 2022 7:02 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Retail and restaurant work is notorious for irregular scheduling and last-minute changes — factors that can…

Austria: $1.9B relief package to offset rising energy prices

January 28, 2022 6:52 AM Associated Press

VIENNA (AP) — Austria will subsidize household energy costs with a $1.9-billion relief package to offset rising prices. Chancellor Karl Nehammer…

A key inflation gauge rose 5.8% in 2021, most in 39 years

January 28, 2022 6:38 AM Associated Press

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — A measure of prices that is closely tracked by the Federal Reserve rose 5.8% last…

A key inflation measure rose at the fastest pace since 1982

January 28, 2022 6:32 AM CNN Newsource

By Anneken Tappe, CNN Business A key measure of inflation rose 5.8% between December 2020 and December 2021, the Bureau of Economic Analysis reported…

Gone too far? Tech earnings raise questions about market panic

January 28, 2022 6:20 AM CNN Newsource

By Julia Horowitz, CNN Business Investors in stocks have balked at the Federal Reserve’s aggressive pivot as it takes a stand against…

Child care workers are vanishing and it’s hurting the entire economy

January 28, 2022 6:18 AM CNN Newsource

By Alicia Wallace, CNN Business Since losing one-third of its workforce at the outset of the pandemic, the child care industry has seen a jobs…

Hewlett Packard Enterprise wins $5B fraud suit vs UK tycoon

January 28, 2022 6:17 AM Associated Press

LONDON (AP) — Tech giant Hewlett Packard Enterprise has won a multibillion-dollar lawsuit against a British businessmen it accused of fraud after…

A jump in factory fires is dangerous for the people who work there – and the supply chain

January 28, 2022 6:07 AM CNN Newsource

By Parija Kavilanz, CNN Business The unraveling of the global supply chain has been blamed on a multitude of factors — the pandemic, labor and raw…

Exclusive: Taco Bell favorite Mountain Dew Baja Blast is going boozy

January 28, 2022 6:01 AM CNN Newsource

By Jordan Valinsky, CNN Business Mountain Dew’s Baja Blast, the beloved tropical lime-flavored beverage that originated at Taco Bell, is being…

UniCredit was thinking of buying a Russian bank. Not any more

January 28, 2022 5:58 AM CNN Newsource

By Anna Cooban, CNN Business UniCredit has dropped a potential bid for a Russian state-owned bank because of the escalating crisis over Ukraine. CEO…

Philippines secures supersonic anti-ship missiles from India

January 28, 2022 5:52 AM Associated Press

MANILA, Philippines (AP) — The Philippines has signed a $378 million contract with India to acquire his country’s first shore-based anti-ship…

Shaky start for Stellantis bid to grab larger China stake

January 28, 2022 5:23 AM Associated Press

By COLLEEN BARRY AP Business Writer MILAN (AP) — Moves by carmaker Stellantis to consolidate its position in fast-growing China seem to be off to a…

Ukraine crisis updates: What to know amid the fears of war

January 28, 2022 5:19 AM Associated Press

By VANESSA GERA Associated Press WARSAW, Poland (AP) — High-stakes diplomacy continues to try to avert a war in Eastern Europe. The urgent efforts…

Huge demand at Caterpillar, but global supply constrains

January 28, 2022 5:16 AM Associated Press

By MICHELLE CHAPMAN AP Business Writer Caterpillar’s sales surged in the final quarter of the year despite ongoing disruptions in the global supply…

Hong Kong economy grows 6.4% in 2021

January 28, 2022 4:53 AM Associated Press

BEIJING (AP) — Hong Kong’s economy grew by 6.4% last year after activity weakened as anti-coronavirus controls were tightened. Government data…