Money

Stocks touch record high as investors cheer Biden transition, vaccines

MORE NEWS THIS CATEGORIES

Ex-Nissan chief Ghosn granted release on bail by Tokyo court

He will also be unable to meet or communicate with his wife Carole without specific permission from authorities, his defense lawyer said, after she was also q...

Apple Is Spending Over $30MA Month On AWS Cloud, Report Says

Despite all this, Apple now spends more than $30m a month with AWS , people familiar with the matter told CNBC - more than any other publicly announced custo...

Walgreens, Rite Aid raise minimum age to buy tobacco to 21

Food and Drug Administration criticized Walgreens for selling tobacco to more minors than any other pharmacy chain. "These illegal sales must stop", then-C...

Luckin Coffee, Starbucks rival in China, files for US IPO

Luckin Coffee Inc ., the ambitious Chinese startup that is taking on Starbucks Corp .as a more affordable option in the country, filed for an USA initial pu...

Huawei sells 59 million smartphones in Q1, revenue up 39%

Huawei gave no quarterly earnings but said its profit margin was 8%. The company has been banned from providing equipment or services to U.S. government age...

Microsoft tops $1 trillion as it predicts cloud growth

Underlying this quarter's growth is the high demand of the premium versions of Microsoft's offerings that include recently acquired GitHub, its hybrid cloud sol...

S&P 500 and Nasdaq hit record highs, driven by strong corporate earnings

And the uncertainty over the costly trade dispute between the USA and China has eased in recent weeks amid signs that both sides are making progress toward reac...

Gaming gets tough new rules

Palace intrigue is a curious thing to ban , though. The new gaming rules start by stating that the number of games allowed will be limited, and some genres w...

Microsoft tops $1 trillion as it predicts more cloud growth

Satya Nadella, Microsoft's chief executive, said businesses "trust" Microsoft, a potential hint at some companies' discomfort with using Amazon's cloud servic...

Corrected: Facebook beats profit estimates, sets aside $3 billion for privacy penalty

The 2011 FTC agreement bound Facebook to a 20-year privacy commitment; violations could subject Facebook to fines of $41,484 per violation per user per day. Fac...

Fake meat maker plans real IPO that values company at $1.2 billion

The updated $1.21 billion valuation figure for Beyond Meat may not be out of bounds. Plant-based meat products are gaining popularity nowadays due to many healt...

Toyota and others to invest $1 billion in Uber's advanced technologies group

The terms of the deal specify that Toyota Motor and Denso are contributing a total of $667 million, while SoftBank's Vision Fund is investing $333 million. The ...

All Kohl's stores will accept Amazon returns starting this summer

In 2017, Amazon and Kohl's kicked off a pilot program that allowed Amazon customers to return products via select stores in LA, Milwaukee, and Chicago. "We are ...

Ford invests $500M in Rivian, will build an EV on Rivian's platform

Rivian, which has shown concept versions of an electric pickup and SUV, will remain an independent company, and the investment is subject to regulatory approval...

Tesla rival Rivian says Ford Motor invests $500 million in firm

Together, the two automakers have agreed to jointly develop a new, all-electric Ford vehicle built on Rivian's innovative EV "skateboard" platform. "Ford has a ...

Kraft Heinz's new CEO looks beyond cost-cutting, big M&A

Patricio worked in various roles at Anheuser-Busch InBev over 20 years, including serving as Chief Marketing Officer. He previously worked at Philip Morris, Coc...

Drone company gets OK to start delivering packages in Blacksburg

With the certification in hand, Wing Aviation can turn its tests into commercial deliveries in the U.S. Wing said its next step is to expand its participation...

North Korean leader’s cortege arrives on Russky Island in Vladivostok

Kim Jong-un at the welcoming ceremony. Kim was expected to arrive in Vladivostok around late Wednesday afternoon and attend a dinner reception hosted by Russi...

Stop & Shop Strike Is Over With Tentative Contract Deal

Members of United Food & Commercial Workers Local 1459 were back on the job Monday, cleaning the stores, restocking shelves and ramping up specialty services th...

Tesla Model S and Model X ranges get big upgrades

By improving the flow of energy out of the battery and back in through regenerative braking, Tesla was also able to further improve acceleration in the Model...

Harley-Davidson profit exceeds estimates as Trump changes tune

President Donald Trump , who has criticized Harley for its plans to shift some USA production overseas, weighed in after the results to say European Union tari...

Trump complained to Twitter CEO about lost followers

According to the Washington Post , the president complained about his loss of followers during his sit-down meeting with Dorsey at the White House. Meanwhile...

Donald Trump accuses Twitter of censoring him, other Republicans

First-quarter adjusted earnings per share came in at 37 cents, jumping ahead of consensus estimates of 15 cents per share and the year-ago quarter's 16 cents pe...

Teen hits Apple with $1B lawsuit over facial recognition arrest

The thief then stole from Apple stores in Manhattan, New Jersey, and DE, all the while being tracked by the company's software. A solid alibi of attending his ...

Easter Egg Hunt in Marietta uses helicopter

The hunt is unique because it was specially designed for children who are sight impaired. Organizers say the hunt is a ideal kick-off to the holiday weekend. ...

DC 5th grader among Americans killed in Sri Lanka bombings

The statement also said the government would implement anti-terrorism measures that give police additional powers, effective at midnight. Colombo , the sea...

India to temporarily allocate Jet Airways slots to…

Last week, Independent Director Rajshree Pathy had also resigned from the board of the cash-strapped airline . In total, the carrier now awaits the introductio...

RBI proposes to allow fintech start-ups to test regulatory sandbox

India's central bank is setting up a fintech sandbox that may include blockchain startups and tools - but notably, explicitly excludes any cryptocurrency-re...

Connecticut Stop & Shops Facing Financial Hit Due to Strike

Stop & Shop, a division of Dutch company Ahold Delhaize , says it is offering across-the-board raises and "excellent" health care benefits that beat industry s...

Sri Lanka to declare emergency from midnight after Easter Day blasts

A total of 290 people died in the coordinated bomb blasts across the country, the first five of which ripped through churches and high-end hotels in and near C...

Former Nissan boss Ghosn indicted on aggravated breach of trust charge

But the indictment was expected and it ensures Ghosn, who visited the company's Sunderland plant during his reign, will remain in detention at least for now. He...

Elizabeth Warren proposes canceling student loan debt, free public college

Trump following the release of Special Counsel Robert Mueller's report on Russian meddling in the 2016 election. It has been named as a contributor to declining...

Iowa unemployment rate stands at 2.4%

New Jersey's total nonfarm wage and salary employment rose modestly in March, increasing by 3,600 jobs to mark the fifth monthly increase in the last six months...

United States will fail to cut Iran oil exports to zero: ministry source

President Trump is looking to drive Iran's oil exports to zero by ending the exemptions to the sanctions which were granted to eight countries which buy Irani...

Chinese telecom Huawei sees sales skyrocket despite overseas controversies

Huawei , which is now dominating the Chinese smartphone market, had registered a monstrous growth in its consumer electronics business past year. The company ...