US charges Huawei with racketeering, escalating crackdown on tech giant
The US government has charged Chinese technology giant Huawei with racketeering and conspiracy to steal trade secrets, according to a superseding…
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Uber is letting customers in Arizona book cars with a 1-800 number
Uber made the concept of booking a cab with a phone call seem outdated. Now it’s trying to bring it back. The ride-hailing firm is testing out…
Continue Reading Judge blocks Microsoft from starting Pentagon cloud contract, handing early win to Amazon
A federal judge has agreed to temporarily block Microsoft from beginning work on the Pentagon’s multibillion-dollar cloud computing contract,…
Continue Reading If you’re buying the Samsung S20 for 5G, you may want to wait
Samsung is hyping its first full line of 5G-enabled flagship smartphones — the Galaxy S20, S20+ and S20 Ultra — introduced at the company’s…
Continue Reading Stocks are near record highs, but people are still not investing
The US stock market is at near record levels. So why are some investors still sitting on the sidelines? The S&P 500 — the broadest measure…
Continue Reading Use Amazon, Uber or Walmart.com? You’ve probably signed away your right to sue them
Tucked into the sign-up process for many popular e-commerce sites and apps are dense terms-of-service agreements that legal experts say are changing…
Continue Reading Wayfair is cutting 550 jobs
Shares of Wayfair fell 10% Thursday after the online retailer announced it will shed 550 jobs, which is 3% of its workforce. The company, based in…
Continue Reading Jeremy Roenick won’t return to NBC Sports after suspension over inappropriate remarks
Jeremy Roenick, the hockey star-turned-sports broadcaster, won’t return to NBC Sports. Roenick announced Wednesday that he won’t be back…
Continue Reading Barclays CEO Jes Staley under investigation over links with Jeffrey Epstein
The American chief executive of Barclays, Jes Staley, is being investigated by British regulators in connection with his relationship with disgraced…
Continue Reading Alibaba’s earnings soar but CEO warns that coronavirus could be ‘black swan’
Alibaba had a great quarter to close out 2019, with strong gains in revenue and earnings that topped analysts’ forecasts. The Chinese…
Continue Reading China’s car sales plunged 18% in January. The coronavirus could make things even worse
The global auto industry knew that the coronavirus outbreak would be damaging. Now China is starting to reveal how bad the problem could get. Major…
Continue Reading Tesla will sell new shares to raise up to $2.3 billion
Tesla plans to sell up to 3 million additional shares in an effort to take advantage of the massive rally in its stock price. The offering, disclosed…
Continue Reading Rihanna’s Savage x Fenty lingerie line accused of deceptive marketing tactics
A watchdog group is accusing Rihanna’s Savage x Fenty lingerie line of duping customers into registering for a subscription service. The…
Continue Reading Newspaper chain McClatchy files for bankruptcy
In another sign of the growing financial crisis in print journalism, McClatchy, the owner or 30 US newspapers, has filed for bankruptcy protection.…
Continue Reading WhatsApp hits 2 billion users
WhatsApp has amassed two billion users, up from 1.5 billion by the end of 2017, the company announced on Wednesday. The mobile messaging app was…
Continue Reading Kraft Heinz shares slide 8% as shoppers skip processed food
Kraft Heinz is still struggling to adapt to consumers’ changing tastes and their aversion to processed food. The ketchup and macaroni king…
Continue Reading Nissan’s profits plunge 83% and the coronavirus threatens its turnaround plans
Nissan’s profits are still plummeting, and the company is now bracing for more pain as the novel coronavirus outbreak threatens to wreak havoc…
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5 things to know for February 13: Coronavirus, Justice, 2020 Dems, Israel, oil spill
Good morning, overachievers! NASA is hiring a new class of astronauts in preparation for a moon landing in the next few years. Here’s what you…
Continue Reading The coronavirus is still battering oil, copper and the euro
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Stocks have…
Continue Reading Samsung and Apple’s war for the best high-end smartphone is leading to ridiculous prices
Samsung kicked off its “Galaxy Unpacked” event in San Francisco on Tuesday with a slick promo video introducing its new folding…
Continue Reading The coronavirus will cause global oil demand to shrink for the first time in a decade
The amount of oil needed to run the global economy will decline sharply in the first quarter of this year as the coronavirus forces factories to…
Continue Reading These airlines have suspended flights to and from China
Airlines around the world have responded to the coronavirus outbreak by suspending flights to and from China, severely disrupting travel by tourists…
Continue Reading Calling out bad behavior becomes part of Southwest’s pre-flight announcement
If you’re already asleep during the pre-flight announcements, you’re likely to miss it. Southwest Airlines is asking passengers to report…
Continue Reading KFC and Crocs created a clog that’s covered in fried chicken with a charm that smells like it, too
It was only a matter of time. Crocs, the footwear company and frequent collaborator with unusual artists and brands, has joined forces with KFC, the…
Continue Reading Bernie Sanders would ‘ruin our economy,’ former Goldman Sachs CEO says
Former Goldman Sachs CEO Lloyd Blankfein thinks Bernie Sanders would be a bad president. That’s not a surprise, considering that the Vermont…
Continue Reading Mobile World Congress canceled because of coronavirus outbreak
Mobile World Congress, one of the technology industry’s biggest annual events, has been called off because of the coronavirus outbreak. The…
Continue Reading We tried out the Galaxy Z Flip phone. Samsung could be onto something
A week ago, it’d be easy to dismiss foldable smartphones as a trend that never became a full-on fad. After all, Samsung’s Galaxy Fold…
Continue Reading This pricey drink was sold by text message. Now it’s hitting Walmart shelves
Five years ago, Zak Normandin started selling a sleek, pricey, low-calorie beverage called Dirty Lemon via text message. Now, Dirty Lemon is growing…
Continue Reading Facebook suspends dating service rollout in Europe after Irish officials search Dublin HQ
Facebook has suspended the rollout of its dating service in Europe planned for the eve of Valentine’s Day after officials from the Irish data…
Continue Reading Elon Musk might not have to wait long for huge payday
Elon Musk’s big payday may be closer than you think. As part of a pay package approved by shareholders in 2018, the Tesla CEO stands to get…
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