By Diksha Madhok, CNN Business SoftBank is stuck in a “big winter snowstorm,” founder and CEO Masayoshi Son said Monday, after a sweeping tech crackdown in China battered some of the Japanese company’s key investments. SoftBank on Monday posted a loss of 397 billion yen ($3.5 billion) for the July-to-September quarter. Son said that the
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By Laura He, CNN Business The holiday shopping season is boosting China’s trade at a time when the country needs it most. But that doesn’t mean its economic woes are over just yet. Chinese exports surged 27% in October from a year earlier, according to customs statistics released by Chinese authorities on Sunday. That’s a
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By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. This weekend’s episode of “Saturday Night Live” was, in the words of one reviewer, an “instant classic,” which is something of a rarity, since critics love to lament that the
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By Ramishah Maruf, CNN Business Infrastructure week is a “cheeky” slogan, but the real story is what the infrastructure funding in the “Build Back Better” bill will accomplish, CNN chief media correspondent Brian Stelter said on “Reliable Sources” Sunday. And it’s the media’s responsibility to report the story, not just repeat catch-all slogans. Critical Race
Continue Reading By Ramishah Maruf, CNN Business Infrastructure week is a “cheeky” slogan, but the real story is what the infrastructure funding in the “Build Back Better” bill will accomplish, CNN chief media correspondent Brian Stelter said on “Reliable Sources” Sunday. And it’s the media’s responsibility to report the story, not just repeat catch-all slogans. Critical Race
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By Ramishah Maruf, CNN Business The Twitterverse has spoken. Elon Musk tweeted Saturday that he would let Twitter users decide if he should sell 10% of the 170.5 million shares he holds in Tesla, and 58% of the more than 3.5 million voters said “yes.” Musk, the company’s founder and CEO posted the poll Saturday
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By Ramishah Maruf, CNN Business Marvel’s “Eternals” opened with a $71 million domestic box office launch this weekend, Disney announced, making it the 4th highest opening of the pandemic despite less than favorable reviews from critics. The number comes close to “Shang-Chi’s” $75.3 million Labor Day weekend opening, but the next few weekends will give
Continue Reading By Ramishah Maruf, CNN Business Marvel’s “Eternals” opened with a $71 million domestic box office launch this weekend, Disney announced, making it the 4th highest opening of the pandemic despite less than favorable reviews from critics. The number comes close to “Shang-Chi’s” $75.3 million Labor Day weekend opening, but the next few weekends will give
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By Clare Duffy, CNN Business In August 2019, when a Facebook employee typed “climate change” into the platform’s search bar, the auto-fill suggestions that popped up included “climate change debunked” and “climate change is a hoax.” The results prompted the employee to ask in a post on the company’s internal site: “Do our policies combatting
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By Paul R. La Monica, CNN Business The trillion-dollar market cap club is starting to get crowded. Microsoft is now worth a smidge more than Apple, making the Satya Nadella-led cloud software giant the world’s most valuable company. Both companies are worth about $2.5 trillion. Google owner Alphabet is worth just a touch less than
Continue Reading By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. This weekend’s episode of “Saturday Night Live” was, in the words of one reviewer, an “instant classic,” which is something of a rarity, since critics love to lament that the
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By Aya Elamroussi, CNN From a Super Bowl-winning quarterback to Super Mario, Saturday Night Live condensed a week’s worth of controversial topics into its opening sketch, bringing a new cast member’s impression of Donald Trump. The NBC variety show opened Saturday’s episode with Green Bay Packers’ Aaron Rodgers, played by Pete Davidson, in a parody
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By Ramishah Maruf and Jacob Lev, CNN Prevea Health and Green Bay Packers quarterback Aaron Rodgers announced they are ending their partnership in a joint statement issued by the company Saturday. Rodgers tested positive for Covid-19 earlier this week and is unvaccinated against the virus. He has been a spokesperson for Prevea Health, which is
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By Ramishah Maruf, CNN Business American Airlines is giving flight attendants who work during the holidays a one-time holiday pay premium, the company announced in an internal memo. The increased holiday pay comes after an operational meltdown during Halloween weekend, which forced the airline to cancel thousands of flights partly due to staffing shortages. Flight
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COLUMBIA, Mo. (KMIZ) On Friday, the House passed a roughly $1 trillion infrastructure bill. Columbia Mayor, Brian Treece, spoke to ABC 17 News about how these funds will be utilized in the area. Treece says Missouri is going to receive up to $8 billion, and about 6.5 million of this is reserved for roads and
Continue Reading By Ramishah Maruf, CNN Business Elon Musk says he’ll let Twitter users decide if he should sell 10% of the 170.5 million shares he holds in Tesla. Musk, the company’s founder and CEO and posted a Twitter poll Saturday afternoon which said, “Much is made lately of unrealized gains being a means of tax avoidance,
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By Chris Isidore, CNN Business Texas Gov. Greg Abbott thinks the delays at the nation’s largest ports in Southern California is an opportunity for Texas to capture more business. Or at least he might want his state’s voters to think so, even if he doesn’t believe it. His campaign has put out a video which
Continue Reading By Ramishah Maruf and Jacob Lev, CNN Prevea Health and Green Bay Packers quarterback Aaron Rodgers announced they are ending their partnership in a joint statement issued by the company Saturday. Rodgers tested positive for Covid-19 earlier this week and is unvaccinated against the virus. He has been a spokesperson for Prevea Health, which is
Continue Reading By Ramishah Maruf and Jacob Lev, CNN Prevea Health and Green Bay Packers quarterback Aaron Rodgers announced they are ending their partnership in a joint statement issued by the company Saturday. Rodgers tested positive for Covid-19 earlier this week and is unvaccinated against the virus. He has been a spokesperson for Prevea Health, which is
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By Rishi Iyengar, CNN Business As the criminal trial of Theranos founder Elizabeth Holmes entered its third month this week, much of the focus continued to be on how the failed blood-testing startup was able to attract investments from several wealthy families. Daniel Mosley, an investor who helped facilitate more than $400 million worth of
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