Category Archives: CNN – Business

The pandemic boom is over. Just ask Peloton and Netflix

The pandemic boom is over. Just ask Peloton and Netflix

When the coronavirus pandemic swept across the world in 2020, investors responded by pouring money into companies that would benefit from people spending much more time at home. Netflix and Peloton were two of the biggest pandemic winners, along with video call provider Zoom Video and electronic signature firm DocuSign. Now, the pandemic boom is…MORE

As Big Tech stocks get slaughtered, Intel rises from the ashes

As Big Tech stocks get slaughtered, Intel rises from the ashes

Intel was once the undisputed king of the semiconductor industry until the chip giant lost momentum to rivals Nvidia and Advanced Micro Devices in recent years. Now, with a new CEO, Intel is regaining some of its swagger. Intel, whose stock fell more than 15% in 2020 and barely budged last year, appears poised for…MORE

Serbia pulls plug on Rio Tinto’s $2.4 billion lithium project

Serbia pulls plug on Rio Tinto’s $2.4 billion lithium project

Shares in Rio Tinto tumbled on Friday after Serbia revoked its lithium exploration licenses over environmental concerns, hurting the Anglo-Australian miner’s ambition to become Europe’s largest supplier of the metal used in electric vehicles. The decision by Serbia comes as it approaches a general election in April, and as relations between Belgrade and Canberra have…MORE

Bitcoin tumbles as cryptocurrencies continue their downward slide
Chris McGrath/Getty Images

Bitcoin tumbles as cryptocurrencies continue their downward slide

Cryptocurrencies have had a dismal start to the year, and continue to plunge as major economies around the world look to curb their growing popularity. Bitcoin has fallen over 7% in the last 24 hours, and was trading at $39,097 as of 3:00 am ET, according to CoinDesk. The world’s most valuable cryptocurrency has plummeted…MORE

Evergrande’s international creditors threaten legal action over ‘opaque’ restructuring process

Evergrande’s international creditors threaten legal action over ‘opaque’ restructuring process

Evergrande’s international creditors are losing patience. A group of the company’s overseas bondholders are threatening to take legal action over its “opaque” debt restructuring process, the latest sign of trouble for the embattled Chinese developer. They said in a statement Thursday they’ve had to “seriously consider enforcement actions” after Evergrande failed to engage substantially with…MORE

Driver monitoring gets spotlight amid safety questions
Sjoerd van der Wal/Getty Images

Driver monitoring gets spotlight amid safety questions

Two leaders in motor vehicle safety testing said Thursday that they will rate the driver monitoring systems that are supposed to help make technologies like Tesla’s Autopilot safe. The Insurance Institute for Highway Safety and Consumer Reports are pushing for safeguards that go further than what the auto industry and regulators currently ask of the…MORE

Netflix shares tank 20% on weak subscriber outlook
Frank Masi/Netflix

Netflix shares tank 20% on weak subscriber outlook

Netflix‘s stock fell as much as 20% in after hours trading due to a bad outlook for its future growth. Netflix now has 221.8 million subscribers globally. It added 8.2 million subscribers in the fourth quarter of 2021, the company reported on Thursday. That number slightly missed the streaming service’s own expectations, which had the…MORE

FAA approves more airliners — including some smaller, regional jets — to fly near 5G towers
AaronP/Bauer-Griffin/GC Images/Getty Images

FAA approves more airliners — including some smaller, regional jets — to fly near 5G towers

The Federal Aviation Administration has cleared more commercial airliners — notably more smaller, regional jets — to fly in the situations where pilots consider possible 5G interference to be the most dangerous. In a new statement, the FAA says it has issued more approvals that allow 78% of the US commercial airliner fleet to perform…MORE

Major airlines say the 5G doomsday scenario is over
Patrick T. Fallon/AFP/Getty Images

Major airlines say the 5G doomsday scenario is over

Airline executives breathed a sigh of relief to their investors Thursday, saying they believe the threat to their operations from the rollout of 5G technology is now behind them. Although AT&T and Verizon have agreed only to temporarily delay 5G deployment at major airports, the CEOs of American and United both said there will now…MORE

This bill could help to end energy poverty in the US

This bill could help to end energy poverty in the US

Energy is an essential component of our day-to-day lives. We use it to cook our food, stay warm in the winter and cool our homes in the summer. But home energy prices have risen during the pandemic while more people are struggling to just get by. For too long, lower-income American families have been forced…MORE

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