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Tencent just posted a huge jump in profits, but that won’t stop investors from fretting over whether it’ll become the next big target of a clampdown by regulators on tech companies in China. The Chinese tech giant beat estimates Wednesday with earnings for the quarter ended December. Revenue surged 26% to 133.7 billion yuan ($20.5

Finally, after a nationwide shortage forced fans to begrudgingly slurp bowls of lesser bran cereals, Grape-Nuts has reclaimed its rightful place on grocery store shelves. The fibrous cereal is once again fully stocked nationwide, signaling the official end to the pandemic Grape-Nuts shortage, parent company Post Consumer Brands announced on Wednesday. And to repay Grape-Nuts

Amazon has appointed Tableau CEO Adam Selipsky as the new head of its biggest moneymaker, Amazon Web Services. His hiring is part of a major leadership transition at Amazon after founder and CEO Jeff Bezos announced in February he would be stepping into the role of executive chair later this year, to be replaced as

Exactly one year ago, with the world in the grip of a deadly pandemic, Wall Street put its Covid-19 fears aside. That jumpstarted a wave of market euphoria that has since fed a boom in unusual activity, from the irrational hype around GameStop shares to a huge bitcoin rally. Sign of the times: Among the

Bitcoin fans looking for ways to spend their cryptocurrency fortunes can add a big ticket item to the list: a Tesla. “You can now buy a Tesla with Bitcoin,” CEO Elon Musk said in a tweet on Wednesday. Bitcoin paid to Tesla will not be converted by the electric car company into regular currency, he

Stop us if you’ve heard this before. Giant tech stocks are finally due for a prolonged cooling-off period and investors need to start adding more value stocks, such as banks, oil firms and retailers, to their portfolios as the economy recovers. The so-called FAANGs have been market leaders for several years running. But the stunning

With a climbing number of Covid-19 vaccinations in the US, the light at the end of the tunnel is growing brighter. But right now, experts say it is critical to work on lowering case numbers — for several reasons. Not enough people are protected against the virus yet — only about 13.7% of the US

Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. Tonight: Bankers are hitting the pandemic wall; gas is going up, just in time for summer road trips; and Prince Harry has a new job. Let’s get into it. LESS ZOOM,

Cineworld Group has some big news for movie buffs: Its theaters will get to screen Warner Bros. movies again before they stream, starting next year. The world’s second largest cinema operator said Tuesday that it has signed a multi-year deal to screen the studio’s movies in the United States for 45 days before they are

After several wild weeks in the spotlight, GameStop’s released financial results for the three months ended January 30 that fell short of Wall Street expectations. Now the gaming retailer is working to turn things around: Along with the earnings report, it outlined changes aimed at transforming itself into “a customer-obsessed technology company that delights gamers,”

Robinhood filed confidentially for an IPO on Monday, a person familiar with the matter told CNN Business, a development that shows the trading startup is forging ahead despite a recent series of public-relations nightmares. The filing, which Robinhood confirmed in a brief statement Tuesday afternoon, demonstrates how confident the company is in its growth prospects

The bender appears to be over for booming booze sales sparked by the pandemic. For the first time in a year, since Covid-19 began spreading across the United States forcing Americans to stay home, retail alcohol sales have fallen. That’s according to newly released data from Nielsen, which reported that total sales declined 1.9% for

The two most powerful economic authorities in America told lawmakers that although the US economy is on the mend thanks to several rounds of stimulus, there’s more work to be done. Janet Yellen, the current Treasury secretary, and Jerome Powell, who succeeded Yellen as Federal Reserve chair during the Trump administration, each stressed in prepared

Reporters Without Borders has filed a lawsuit against Facebook in France, accusing the platform of failing to provide a “safe” environment for users in violation of its own terms and conditions. The media advocacy group, which is considering filing similar lawsuits in other countries, said France’s consumer law is especially well suited to the issue.

In its biggest shift to streaming yet, Disney is releasing a film from Marvel on Disney+ at the same time it hits theaters. “Black Widow,” the latest from Disney’s superhero studio, will debut simultaneously in theaters and on the company’s streaming service on July 9. The film will be released via the company’s Premier Access