Money

By Chris Isidore, CNN Business Billionaire investor Chamath Palihapitiya, who was one of the executives to help take Virgin Galactic public, has stepped down as chariman of the company. The company didn’t say why Palihapitiya was leaving. Evan Lovell, the chief investment officer of Vigin Group, will take his place as interim chairman. Virgin Galactic,

By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Fox’s obsession with Hillary Clinton is only growing more fierce. The right-wing talk channel, which has in recent days dishonestly twisted a court filing from special counsel John Durham to

By Michelle Toh, CNN Business The United States name-checked some of China’s biggest companies, including platforms operated by Tencent and Alibaba, for allegedly dealing in “counterfeit and pirated goods,” and added their businesses to its list of “notorious markets.” In an announcement on Thursday, the Office of the United States Trade Representative (USTR) said that

By Chris Isidore, CNN Business Consumer Reports took a decidedly more negative view of Tesla in this year’s rankings of vehicles. The Model 3, which had been its top pick among EV models, lost that distinction to the Ford Mustang Mach-E. The Model 3 now has the third best ranking among EVs, behind the Mach-E

By Matt McFarland, CNN Business The National Highway Traffic Safety Administration is investigating reports of Teslas braking unexpectedly while using Autopilot. The braking occurs “without warning, at random, and often repeatedly in a single drive,” according to NHTSA. It estimates that 416,000 vehicles may be affected. The agency did not say whether it was aware

By Anneken Tappe, CNN Business Prices are soaring in America. The pandemic has spurred inflation not seen in decades. Used and new cars, gas, housing, furniture and food cost more every month. Even though salaries are also rising, they aren’t going up as quickly as prices. Meanwhile, people who have paid-off their mortgage, work from

By Paul R. La Monica, CNN Business President Joe Biden and Secretary of State Antony Blinken believe a Russian invasion of Ukraine could happen in a matter of days. The news rattled investors, sending the Dow down 622 points, or 1.8%, Thursday. It was the worst day of the year for the index. Stocks dropped

By Chris Isidore, CNN Business Elon Musk is convinced that the Securities Exchange Commission is gunning for him and his free speech rights because he’s a frequent critic of the government. “The SEC seems to be targeting Mr. Musk and Tesla for unrelenting investigation largely because Mr. Musk remains an outspoken critic of the government,”

By Paul R. La Monica, CNN Business Apple is the most valuable company on the planet. And as a reward for the iPhone maker’s success, CEO Tim Cook stands to receive nearly $100 million in compensation for 2021. But one influential shareholder rights group has some issues with Cook getting that big of a payday.

By Peter Valdes-Dapena, CNN Business Michelin has been working with General Motors to develop airless tires that will be sold on a next-generation Chevrolet Bolt electric car, expected to go on sale in the next few years, a Michelin executive said. It could mark the decline of over 130 years of tire tradition but also

By Danielle Wiener-Bronner, CNN Business Coke’s new flavor is out of this world. At least, that’s the idea behind Coca-Cola Starlight, a new limited-edition version of the classic soda that comes in regular and zero sugar. After deciding to discontinue half of its portfolio a few years ago, getting rid of outdated but beloved drinks