Biz/Tech Archives

PlayStation’s streaming service Vue is shutting down

January 30, 2020 10:19 AM CNN

Thursday marks the final day of PlayStation Vue’s existence. Beginning Friday, its users will have to search for a new way to stream their…

Altria takes another $4.1 billion charge on its Juul investment

January 30, 2020 10:14 AM CNN

E-cigarettes were supposed to help Altria diversify beyond tobacco but its investment in Juul has turned into a recurring nightmare. Altria, which…

Europe wants one charger that works for every device

January 30, 2020 9:41 AM CNN

Europe wants one charger to rule them all. The European Parliament on Thursday overwhelmingly passed a resolution calling on the bloc’s…

Tesla posts first annual profit

January 30, 2020 9:40 AM CNN

Tesla posted its first annual profit, easily topping Wall Street’s forecasts in the final three months of 2019. Tesla has had only a handful of…

America’s economy grew at its weakest pace since Trump took office

January 30, 2020 9:22 AM CNN

The US economy in 2019 grew at its slowest pace in three years, according to preliminary data from the Commerce Department. The economy expanded by…

Kobe Bryant leaves behind a business empire that stretched beyond the basketball court

January 30, 2020 9:14 AM CNN

Kobe Bryant’s legacy extends beyond his time on the basketball court. He was also known to the business world as a brand-builder; an investor;…

Uber is retooling its app for California drivers. Lyft isn’t

January 30, 2020 9:09 AM CNN

In response to a new California law that took effect at the start of this year and has the potential to upend numerous on-demand companies, Uber has…

Church of England backs climate-friendly stock index that excludes BP and Exxon Mobil

January 30, 2020 7:36 AM CNN

The Church of England is investing £600 million ($780 million) in a new stock market index packed with companies that are aligned with the goals of…

Ikea shuts down all mainland China stores over coronavirus

January 30, 2020 7:15 AM CNN

Ikea is shutting down all of its stores across China as the deadly Wuhan coronavirus outbreak escalates. The furniture store will “temporarily…

Wanted: 3 men accused of helping Carlos Ghosn escape Japan in a case

January 30, 2020 7:10 AM CNN

Japan has issued arrest warrants for Carlos Ghosn and three “collaborators” accused of helping the former auto industry titan escape from…

Fed keeps rates steady, but ‘carefully monitoring’ coronavirus and global risks

January 30, 2020 6:05 AM CNN

The Federal Reserve on Wednesday held interest rates steady despite renewed pressure from President Donald Trump to make deeper cuts. Policymakers…

ABC News suspends reporter Matt Gutman over inaccurate statement on Kobe Bryant’s crash

January 30, 2020 5:16 AM CNN

ABC News has suspended Matt Gutman, chief national correspondent, for an inaccurate statement he made on-air Sunday following the death of Kobe…

Wall Street is falling deeper in love with Tesla

January 30, 2020 4:44 AM CNN

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. It’s a…

The Hang Seng is down 5% in two days and the yuan is slumping as the coronavirus spreads

January 30, 2020 2:24 AM CNN

Hong Kong’s main stock index has fallen 5% in two days as the rising number of coronavirus cases creates uncertainty for the global economy.…

Samsung’s profits are down again, but the turnaround may be near

January 30, 2020 1:53 AM CNN

Samsung’s profits are still flagging — but the company says things are finally looking up. The tech giant reported Thursday that operating…

Controversial El Paso businessman ‘Billy’ Abraham arrested for drunk driving, again

January 29, 2020 4:35 PM Jim Parker

EL PASO, Texas — A well-known and controversial El Paso businessman is in trouble with the law once again. William “Billy” Abraham was arrested…

Tesla Model 3 production delayed in Shanghai because of coronavirus outbreak

January 29, 2020 11:59 PM CNN

Elon Musk’s Tesla factory in China just got up and running. Now its vehicle production there will be delayed because of the deadly Wuhan virus…

Trump signs new North America trade agreement, a major rewrite of trade rules with Canada and Mexico

January 29, 2020 9:48 AM Associated Press

WASHINGTON, DC — President Donald Trump on Wednesday signed into law a major rewrite of the rules of trade with Canada and Mexico that he said…

‘Daunting news agenda’: Several major stories to unfold in week ahead

January 29, 2020 9:16 PM CNN

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Prepare to hit warp…

Oil well blowout injures workers

January 29, 2020 6:28 PM Associated Press

BRYAN, Texas (AP) — Several workers were injured Wednesday in the blowout of a Central Texas oil well. Details of the incident at a Chesapeake…

As coronavirus spreads, so does online misinformation

January 29, 2020 7:15 PM CNN

False claims about how the coronavirus began, the number of people infected and promises of magical cures are spreading on the internet. The rise in…

Japan is going crazy over McDonald’s rice burger bun

January 29, 2020 5:05 PM CNN

McDonald’s released a burger bun made with rice in Japan — and the news is sending the Japanese internet into a frenzy. The rice burger bun,…

Mark Zuckerberg says Facebook’s goal is no longer to be ‘liked’

January 29, 2020 4:29 PM CNN

Mark Zuckerberg sent a message to the public on Wednesday: Facebook is fine doing things that are unpopular, as long as people understand why.…

Facebook and Google among companies banning China travel after outbreak

January 29, 2020 3:14 PM CNN

Facebook, Microsoft and other high-profile companies have told their employees not to travel to China as the deadly coronavirus continues to spread.…

UPS teams up with Waymo to test self-driving delivery vans

January 29, 2020 2:57 PM CNN

Waymo is teaming up with UPS to test the use of its self-driving vans in transporting packages. Waymo, the self-driving arm of Google’s parent…

Lyft is laying off about 90 staffers as part of restructuring

January 29, 2020 2:02 PM CNN

Lyft is laying off about 90 staffers as part of a restructuring as the business works to prove it can be profitable, the company confirmed to CNN…

Slashing food stamps hurts the poor. It also hurts their supermarkets

January 29, 2020 1:57 PM CNN

Independent grocery stores and regional supermarket chains already face brutal competition and shrinking profits. Now, they are worried about losing…

Nike has completely sold out of Kobe Bryant gear

January 29, 2020 12:27 PM CNN

As the world mourns the death of Kobe Bryant, one of the greatest NBA stars of all time, it seems that everyone had the same idea: stock up on Mamba…

Warren Buffett just got out of the newspaper business

January 29, 2020 12:13 PM CNN

Warren Buffett’s Berkshire Hathaway is ditching its newspaper business. Lee Enterprises will buy Berkshire’s 31 publications across the…

Penn National Gaming is buying a stake in Barstool Sports

January 29, 2020 11:58 AM CNN

Penn National Gaming is buying a stake in Barstool Sports, a sports site known for its loyal fanbase and bawdy sports commentary. Under the new deal,…