Money

Alibaba is shutting down its music streaming app next month, signaling an end to the Chinese tech firm’s big music ambitions. The company announced Tuesday that Xiami Music will end February 5 “because of adjustments in business development.” The news comes as the company co-founded by Jack Ma faces pressure from regulators on several fronts.

Haven, an ambitious health care company formed just three years ago as a partnership between Amazon, Warren Buffett’s Berkshire Hathaway and JPMorgan Chase, is shutting down. “Haven will end its operations at the end of February,” said Haven spokesperson Brooke Thurston in an email to CNN Business. The news was first reported by CNBC. The

More than 170 prominent business leaders signed a letter urging Congress to accept the Electoral College results that declared Joe Biden as the next President of the United States. “This presidential election has been decided and it is time for the country to move forward,” the letter reads. “President-elect Joe Biden and Vice President-elect Kamala Harris have won

Jack Ma’s businesses are under enormous pressure right now. But the co-founder of China’s most successful tech empire and legendary billionaire entrepreneur hasn’t been heard from in months. Ma hasn’t made a public appearance or social media post since late October, just over a week before a much anticipated stock market listing of Alibaba’s financial

Hundreds of employees at Google and its parent, Alphabet, have launched a union, a rare step for the tech industry that also represents the biggest and most organized challenge yet to the company’s executive leadership. Announced Monday morning, the Alphabet Workers’ Union will be run by employees and open both to full-time workers and contractors

It was a rocky first trading day of the year for Wall Street as stocks fell sharply and investors grew worried about the the pandemic and the economic recovery in 2021. Investors took profits off the market’s record highs set last week, and they took a more cautious position ahead of the high-stakes runoff election

Janet Yellen, President-elect Joe Biden’s pick for Treasury secretary, made more than $7 million in recent years by giving speeches to Wall Street banks, major corporations and industry groups. The former chair of the Federal Reserve hauled in nearly $1 million alone in multiple speeches to Citigroup, according to financial disclosure documents filed last week.

The Dow tumbled more than 500 points in the early afternoon on Monday, the first trading day of the New Year, as investors grew worried about the the pandemic and the economic recovery in 2021. Investors took profits off the market’s record highs set last week, and they took a more cautious position ahead of

The Dow tumbled more than 600 points around midday Monday, the first trading day of the New Year, as investors grew worried about the the pandemic and the economic recovery in 2021. Investors took profits off the market’s record highs set last week, and they took a more cautious position ahead of the high-stakes runoff

New year, same telecommuting headaches. Slack, a popular workplace communication platform, confirmed a service interruption for some users on Monday morning as many workers returned from the holiday break. “Customers may experience issues connecting to Slack to loading channels at this time,” the company said. “Our team is on the case and we will keep

MGM Resorts International is attempting to buy the owner of British gambling brand Ladbrokes, making it the latest US casino operator to place a significant wager on the fast-growing online betting industry during the pandemic. Ladbrokes owner Entain said in a statement Monday that it has received an £8.1 billion ($11.1 billion) proposal from MGM.

Chipotle is adding cauliflower rice to its menu as customers’ tastes shift toward healthier options. Beginning Monday, the cilantro-lime flavored rice alternative will be available at all of Chipotle’s roughly 2,700 US and Canada locations for a limited time. The nationwide launch follows a trial last July at 55 locations in Denver and Wisconsin that