By Michelle Toh, CNN Business WhatsApp announced several new privacy updates on Tuesday, including the ability for users to check their messages without other people knowing. The platform will soon allow people to control who can see when they’re online, prevent others from taking screenshots of certain messages, and leave groups without notifying entire channels.
Continue Reading By Laura He, CNN Business Tesla’s sales of China-made vehicles plunged 64% in July from a month earlier, as the company’s ambitious upgrade of its Shanghai factory disrupted production. The sharp drop for Tesla comes as sales of new energy vehicles in China more than doubled, as the world’s largest car market aggressively promotes switching
Continue Reading By Nathaniel Meyersohn, CNN Business Inflation-weary shoppers are pulling back on buying pricey steaks and switching to cheaper chicken at the grocery store. Tyson, the meat processing giant, said Monday that “demand for chicken is extremely strong,” while demand for its higher-priced cuts of beef has softened. The company said its average sales price for
Continue Reading By Catherine Thorbecke, CNN Business Tech giant Baidu announced Monday that it has obtained permits to operate fully autonomous taxis without any human assistants on board in two of China’s megacities, marking a first for the country. Baidu, which operates China’s largest search engine, said it received the regulatory approvals for its autonomous ride-hailing service
Continue Reading Martha C. White Gas prices have been trending downward for more than 50 consecutive days, giving drivers some much-needed financial relief at the pump. But nobody’s popping the champagne just yet. While gas prices have played a large role in the current bout of historic inflation, analysts warn that a number of factors remain that
Continue Reading Martha C. White Gas prices have been trending downward for more than 50 consecutive days, giving drivers some much-needed financial relief at the pump. But nobody’s popping the champagne just yet. While gas prices have played a large role in the current bout of historic inflation, analysts warn that a number of factors remain that
Continue Reading By Peter Valdes-Dapena, CNN Business In June, Toyota issued a warning to owners of its BZ4X electric SUV that they should stop driving the vehicle and have it transported to a dealership because of a severe problem: the wheels could fall off while driving even after just a short time on the road. Toyota did
Continue Reading By Paul R. La Monica, CNN Business Meme mania has returned to the stock market with a vengeance. Shares of movie theater chain AMC, video game retailer GameStop and struggling home furnishings retailer Bed Bath & Beyond soared Monday, extending last week’s big gains. AMC was up 16% and has now spiked 70% in just
Continue Reading By Frank Pallotta, CNN Business Mike Tyson is not happy about Hulu’s new scripted limited series about his life. The former heavyweight champion on Saturday voiced his displeasure over Hulu’s new series “Mike,” which debuts on August 25 and stars Trevante Rhodes, from 2016’s “Moonlight,” as the famed boxer. “Don’t let Hulu fool you. I
Continue Reading By Matt Egan, CNN Business Even as some business groups cry foul over the tax provisions in the Inflation Reduction Act, economists at Goldman Sachs say the landmark bill will barely put a dent in massive corporate profits. To pay for historic climate investments, the legislation that passed the Senate on Sunday imposes a 15%
Continue Reading By Matt Egan, CNN Business After facing a series of regulatory obstacles, the shell company attempting to take over former President Donald Trump’s social media platform needs to extend a looming deadline to complete the controversial deal. Digital World Acquisition Corp., a special purpose acquisition company (SPAC), disclosed late Friday it is seeking shareholder approval
Continue Reading By Paul R. La Monica, CNN Business Warren Buffett is just like the rest of us. He got crushed by the plunge in the stock market during the first half of the year. But the Oracle of Omaha is undeterred by the wildness on Wall Street. Berkshire Hathaway is still buying and many of the
Continue Reading Opinion by Orphe Divounguy for CNN Business Perspectives Rising home prices and mortgage rates have made it next to impossible for many Americans to afford a home. And, even though the market is starting to show signs of cooling, many prospective buyers will remain on the sidelines for now. Although they have fallen slightly from
Continue Reading By Anna Cooban, CNN Business Australian airline Qantas has asked its senior executives to help out as airport baggage handlers as it struggles to manage a staff shortage. The airline has called on at least 100 senior staff to join its outsourced ground handling teams at Sydney and Melbourne airports for three months. “The high
Continue Reading By Anna Cooban, CNN Business Australian airline Qantas has asked its senior executives to help out as airport baggage handlers as it struggles to manage a staff shortage. The airline has called on at least 100 senior staff to join its outsourced ground handling teams at Sydney and Melbourne airports for three months. “The high
Continue Reading By Nicole Goodkind, CNN Business Wall Street is taking the call to increase corporate diversity seriously. At last. For the first time ever, every company listed on the S&P 500 has at least one racially or ethnically diverse director. About 11% of S&P boards were non-diverse in 2020. And now, the single most important attribute
Continue Reading By Chuck Johnston, CNN Business Following a miserable weekend for travel, Monday isn’t looking much better. Another wave of airline cancellations and delays is taking its toll on passengers across the United States on Monday. According to the flight tracking website FlightAware, about 500 US flights had been canceled by midday Monday. On Sunday, 950
Continue Reading By Laura He, CNN Business China’s export sector delivered robust growth in July, providing much-need support for the world’s second largest economy that is almost certain to miss its GDP target this year. Exports measured in US dollars jumped 18% in July from a year ago, marking the fastest pace of growth this year, according
Continue Reading By Ramishah Maruf, CNN The Texas jury’s decision last week to have Alex Jones face punitive damages of more than $45 million in a lawsuit filed by the parents of Sandy Hook shooting victim Jesse Lewis was a “reckoning that was 10 years in the making,” CNN’s chief media correspondent Brian Stelter said. A pair
Continue Reading By Chuck Johnston Another wave of airline cancellations and delays is being felt across the United States on Sunday. According to the flight tracking website, FlightAware, there have been 912 flights canceled so far on Sunday. A total of 6,378 flights have been delayed across the United States. Chicago O’Hare saw the most cancellations and
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