business
- Europe
Chip shortage expected to cost auto industry $110 billion in revenue in 2021
The ongoing semiconductor chip shortage is now expected to cost the global automotive industry $110 billion in revenue in 2021,…
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Boeing set to resume 737 Max deliveries, airlines start repairs after FAA approves electrical issue fix
United Airlines planes, including a Boeing 737 MAX 9 model, are pictured at George Bush Intercontinental Airport in Houston, Texas,…
Read More » - US
New CDC mask guidelines acknowledge that ‘vaccinated people can go back to normal,’ says doctor
The Centers for Disease Control and Prevention’s updated masking guidelines mark a significant shift in the pandemic, the dean of…
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Kansas City Southern to scrap CP deal after revised US$33.6-billion offer
MONTREAL — Kansas City Southern Inc. says it is terminating its merger agreement with CP Rail after determining that rival…
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Kansas City Southern to scrap CP deal after after revised US$33.6-billion offer
MONTREAL — Kansas City Southern Inc. says it is terminating its merger agreement with CP Rail after determining that rival…
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Wall Street panicking that Biden’s tax hikes will be retroactive
The White House won’t rule out a retroactive implementation of its sweeping new tax plan — and tax haters across…
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DoorDash shares rise as delivery company boosts outlook, investors shrug off driver shortage
Sign reading We Deliver With Doordash, referencing the Doordash food delivery service, San Ramon, California, September 12, 2020. Smith Collection/Gado…
Read More » - Money
Stocks making the biggest moves after the bell: Disney, DoorDash, Coinbase & more
Pedestrians wearing protective masks wait to enter a Disney store in San Francisco, California, on Wednesday, Dec. 23, 2020. David…
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Nine West partner offers to buy Reebok for over $1B
Offers to buy Reebok started rolling in this week with the licensing company behind Nine West and Frye offering around…
Read More » - US
Tesla may be much worse off in China than anyone thought
Although Tesla does not report monthly sales or regional revenue, the China Passenger Car Association earlier this week estimated Tesla’s…
Read More » - Technology
Airbnb says first-quarter revenue rose 5% as vacationers return to travel
Airbnb CEO Brian Chesky attends the Cannes Lions on June 20, 2016, in Cannes, France. Richard Bord | Getty Images…
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CDC says fully vaccinated people don’t need to wear face masks indoors or outdoors in most settings
Fully vaccinated people no longer need to wear a face mask or stay 6 feet away from others in most…
Read More » - Media & Advertising
Opposition to Alden takeover of Tribune heats up ahead of vote
Opposition to hedge fund takeover of Tribune Publishing is bubbling up ahead of next week’s deal vote, including three legal…
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SpaceX reveals first orbital Starship flight plan, launching from Texas and returning near Hawaii
Starship prototype SN9 launches from the company’s development facility in Boca Chica, Texas. SpaceX Elon Musk’s SpaceX on Thursday revealed in…
Read More » - Technology
AMC cashes in on Reddit-trading frenzy with $428 million share sale
Cinema operator AMC Entertainment Holdings has raised about $428 million from a share sale, capitalizing on the retail-trading driven surge in its…
Read More » - News
How to start saving for retirement in 2 simple steps
You’ve graduated college. You’re in your first job. And you’ve just become eligible to start contributing to your employer-sponsored 401(k).…
Read More » - Autos
Cruise expects GM to begin production of new driverless vehicle in early 2023
Cruise, a majority-owned autonomous vehicle subsidiary of General Motors, expects production of its driverless shuttle called the Origin to begin…
Read More » - Technology
Crypto exchange Binance reportedly under investigation by DOJ, IRS
Binance, one of the world’s largest cryptocurrency exchanges, is under investigation by the Justice Department and Internal Revenue Service, Bloomberg…
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Gas prices hit $3.02, but Southeast shortages could ease by weekend
The national average gas price has jumped to $3.02 per gallon — even as Colonial Pipeline restarts operations and federal…
Read More » - Autos
Greyhound Canada to cut all routes, end operations
Greyhound Canada is permanently cutting all bus routes across the country, shutting down the intercity bus carrier’s operations in Canada…
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