Meta, formerly Facebook, faces historic drop as stock tanks
By BARBARA ORTUTAY AP Technology Writer Meta is putting a lot of virtual eggs — and billions of dollars — into the metaverse basket, and Wall…
Continue ReadingBiz/Tech
Everything Hershey makes is going to get more expensive
By Danielle Wiener-Bronner, CNN Business Stress eating is about to get more expensive: Hershey is raising prices this year. “Pricing will be an…
Continue Reading What it takes to make money flipping homes in a crazy real estate market
By Anna Bahney, CNN Business More people are flipping homes, but they are making less of a profit. Investors looking to get a piece of skyrocketing…
Continue Reading Nintendo Switch tops lifetime sales of Wii console
CNN By Reuters Nintendo Co Ltd sold 18.95 million Switch video game consoles in the nine months to the end of December, the Japanese company said on…
Continue Reading Will a new tax dent business-friendly Dubai?
By Celine Alkhaldi and Eoin McSweeney, CNN Almost 90% of Dubai’s population is made up of foreigners who flocked to the Gulf business hub for…
Continue Reading Cheers: Whiskey sales start comeback in bars, restaurants
By BRUCE SCHREINER Associated Press LOUISVILLE, Ky. (AP) — When COVID-19 shuttered much of the economy in 2020, Bill Thomas sold off his whiskey…
Continue Reading A likely poor jobs figure for January could prove temporary
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Last month, U.S. employers might have shed jobs for the first time in about a year,…
Continue Reading Swing shift: Wall Street’s gyrations no cause for surprise
By STAN CHOE AP Business Writer NEW YORK (AP) — Stocks have swerved scarily this year, with big swings and sharp drops. It’s particularly…
Continue Reading Tesla owners are more Republican than you’d think
By Chris Isidore, CNN Business Elon Musk has trained his Twitter guns on top Democrats such as Bernie Sanders and Elizabeth Warren. Now he’s…
Continue Reading Ram trucks recalled to tighten loose windshield wiper nuts
The Associated Press DETROIT (AP) — Stellantis is recalling nearly 202,000 Ram heavy-duty pickups and chassis cabs to tighten a loose nut that can…
Continue Reading Fed nominee pushes back against GOP claims of anti-oil bias
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — A key nominee to the Federal Reserve’s Board of Governors has said in testimony…
Continue Reading Czech central bank again increases key interest rate
PRAGUE (AP) — The Czech Republic’s central bank has increased its key interest rate by three-quarters of a point in an effort to tackle soaring…
Continue Reading EXPLAINER: A mediating role for Erdogan in Ukraine crisis?
By SUZAN FRASER Associated Press ANKARA, Turkey (AP) — Turkey’s President Recep Tayyip Erdogan has again offered to mediate between Russia and…
Continue Reading Belgium looking into cyberattack that hit energy companies
BRUSSELS (AP) — At least two energy companies in the Belgian ports of Antwerp and Ghent have been hit by cyberattacks and Belgian authorities have…
Continue Reading Jobless claims fall for second straight week
By MATT OTT AP Business Writer WASHINGTON (AP) — Fewer Americans applied for unemployment benefits for the second week in a row after three…
Continue Reading Biogen’s 2022 outlook leaves investors wanting, shares slip
By TOM MURPHY AP Health Writer Biogen expects “minimal” revenue this year from its Alzheimer’s treatment initially hailed as potentially a…
Continue Reading Where are the users? Why Facebook’s stock is imploding
By Julia Horowitz, CNN Business Competition from TikTok. A stagnant user base in key markets. A pricey bid to invest in virtual reality that could…
Continue Reading Amazon is the anti-Facebook
CNN By Julia Horowitz, CNN Business Amazon and Facebook’s Meta are two of the market’s biggest players. Both have come under pressure…
Continue Reading Energy bills are rising by 54% for millions of UK households
By Charles Riley, CNN Business Life is about to get much more expensive for tens of millions of Brits. A cap on how much UK consumers can be charged…
Continue Reading Thousands more flights are canceled as a massive winter storm tears across the US
By Jordan Valinsky, CNN Business US airlines canceled thousands more flights Thursday as a powerful winter storm packing ice, rain, sleet and several…
Continue Reading Thousands more flights are canceled as a massive winter storm tears across the US
CNN By Jordan Valinsky, CNN Business US airlines canceled thousands more flights Thursday as a powerful winter storm packing ice, rain, sleet and…
Continue Reading Merck has strong fourth quarter as COVID-19 treatment debuts
By TOM MURPHY AP Health Writer The blockbuster cancer treatment Keytruda pushed Merck past fourth-quarter expectations, and the drugmaker’s…
Continue Reading PlayStation and Switch sales are suffering as the gaming wars heat up
By Michelle Toh, CNN Business Two of the world’s biggest video game companies are feeling the pressure as the console wars heat up. Shares of…
Continue Reading N. Ireland 1st minister quits amid battle over Brexit checks
By DANICA KIRKA Associated Press LONDON (AP) — Northern Ireland’s first minister has resigned as tensions over Britain’s departure from the…
Continue Reading UK faces record rise in energy prices, adding to bill stress
By SYLVIA HUI Associated Press LONDON (AP) — Britain’s energy regulator says a cap on energy prices is going up by a record 54% because of…
Continue Reading Ukraine-Russia crisis: What to know about rising fear of war
By MIKE CORDER Associated Press THE HAGUE, Netherlands (AP) — The U.S. has obtained intelligence indicating that the Russian government has…
Continue Reading Container ship runs aground off German North Sea island
BERLIN (AP) — Authorities say a container ship has run aground off a German North Sea island, and an initial attempt to free it was unsuccessful.…
Continue Reading Tesla recalls over 800K vehicles for seat belt chime problem
By TOM KRISHER AP Auto Writer DETROIT (AP) — Tesla is recalling more than 817,000 vehicles in the U.S. because the seat belt reminder chimes may…
Continue Reading Nokia profit matches expectations; dividend to resume
HELSINKI (AP) — Nokia has reported profits in line with analyst expectations and says the wireless and fixed-network equipment maker will resume…
Continue Reading America’s economic recovery is about to go into reverse
By Anneken Tappe, CNN Business The Omicron variant put a massive speed bump in the road to America’s recovery this winter. The first signs of…
Continue Reading