By Paul R. La Monica, CNN Business Tech stocks have taken a tumble this year, but some investing experts say there are now plenty of good values in the sector. You just have to look beyond the increasingly tired MT. FAANG stocks. The FAANG part of the acronym refers to the first letters of the
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By Catherine Thorbecke and Jackie Wattles, CNN Pete Davidson was initially slated to be the next headline-grabbing name to take flight aboard the suborbital space tourism rocket developed by Jeff Bezos’ company, Blue Origin, after the commercial space company launched several other famous faces on its previous flights. But the comedian abruptly dropped out of
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As told to by Sabina Bhatia, deputy secretary of the International Monetary Fund Covid-19 wreaked economic havoc on women globally, especially mothers, bringing into sharp focus the policies and practices that continue to thwart gender equality at work and at home. This widening chasm troubles Reshma Saujani, a leading activist, founder of the Marshall Plan
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By Nathaniel Meyersohn, CNN Business Walmart, the world’s largest retailer, will stop selling cigarettes in select US stores following years of pressure on big chains to end tobacco sales. Cigarettes are being removed from Walmart in various markets, including some stores in California, Florida, Arkansas and New Mexico, the Wall Street Journal reported Monday. In
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By Charles Riley, CNN Business Novaya Gazeta, the independent Russian newspaper edited by Nobel Peace Prize winner Dmitry Muratov, is suspending publication until the end of the war in Ukraine. The newspaper’s editorial board said in a statement on Monday that it had received a warning from Russia’s federal media regulator Roskomnadzor after independent journalists
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By Matt Egan, CNN Business Covid fears are rocking the oil market Monday as China’s planned lockdown of Shanghai raises concerns about energy demand. US crude tumbled 7% and Brent lost 6.8% on the Covid news, giving back most of last week’s big gains. The heavy selloff comes after officials in China announced plans to
Continue Reading By Matt Egan, CNN Business Covid fears are rocking the oil market Monday as China’s planned lockdown of Shanghai raises concerns about energy demand. US crude tumbled 7% and Brent lost 6.8% on the Covid news, giving back most of last week’s big gains. The heavy selloff comes after officials in China announced plans to
Continue Reading As told to by Sabina Bhatia, deputy secretary of the International Monetary Fund Covid-19 wreaked economic havoc on women globally, especially mothers, bringing into sharp focus the policies and practices that continue to thwart gender equality at work and at home. This widening chasm troubles Reshma Saujani, a leading activist, founder of the Marshall Plan
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By Chris Isidore, CNN Business Tesla is asking its shareholders for permission to split its stock for the second time in two years. This split would come in the form of a dividend, which would pay shareholders additional shares. Most dividends pay cash to investors. The electric car maker did not give details about how
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By Julia Horowitz, CNN Business Many countries around the world have decided to live with the coronavirus, even as a new subvariant fuels another wave of infections. But China is an extremely important exception. What’s happening: China continues to deploy “snap” lockdowns as it tries to eliminate transmission of Covid-19 within its borders. The policy
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By Michelle Toh, CNN Business Meng Wanzhou, the senior Huawei executive whose detainment in Canada became a flashpoint of US-China tensions, returned to the corporate stage Monday as sanctions continue to slam its business. The chief financial officer’s first appearance since her release came at an earnings presentation in Shenzhen where she took questions from
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By Chris Isidore, CNN Business Elon Musk says he has Covid for a second time, but he is feeling relatively well. In a tweet early Monday, the CEO of Tesla and SpaceX said he “supposedly have it again (sigh), but almost no symptoms.” He previously tested positive for Covid in November 2020, before a vaccine
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By Chris Isidore, CNN Business Tesla shares have been on a tear in recent weeks as Elon Musk marked the company’s first deliveries from its new Berlin factory, easing investors’ fears about whether the EV maker would receive the necessary approvals from the German government. “I’d say 30% of investors we talked to over the
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By Chris Liakos, CNN Business European brewers Heineken and Carlsberg said Monday they will exit the Russian market following reviews of their operations triggered by the invasion of Ukraine. Denmark’s Carlsberg, which has 8,400 employees in Russia, said it was seeking a “full disposal” of its business but would maintain operations at a reduced level
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By Nathan Hodge, CNN Business Ukrainian President Volodymyr Zelensky has accused Moscow of being “frightened” by journalists “who can tell the truth” after the Kremlin attempted to prevent Russians seeing an interview he gave about the war in Ukraine. Moscow’s media watchdog Roskomnadzor issued a statement Sunday warning Russian news outlets against rebroadcasting or distributing
Continue Reading By Nathan Hodge, CNN Business Ukrainian President Volodymyr Zelensky has accused Moscow of being “frightened” by journalists “who can tell the truth” after the Kremlin attempted to prevent Russians seeing an interview he gave about the war in Ukraine. Moscow’s media watchdog Roskomnadzor issued a statement Sunday warning Russian news outlets against rebroadcasting or distributing
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By Ramishah Maruf, CNN Russia’s independent news network, TV Rain, shuttered its Moscow operations in early March — its newsroom empty, broadcast signal shut off. The decision followed the draconian “Fake News” law the Kremlin enacted, effectively making it a crime to report the truth about the war in Ukraine. But the husband-and-wife team behind
Continue Reading By Ramishah Maruf, CNN Russia’s independent news network, TV Rain, shuttered its Moscow operations in early March — its newsroom empty, broadcast signal shut off. The decision followed the draconian “Fake News” law the Kremlin enacted, effectively making it a crime to report the truth about the war in Ukraine. But the husband-and-wife team behind
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By Frank Pallotta, CNN Business The Academy Awards ceremony is Hollywood’s biggest night, and for decades, it was one of the most watched television events each year. Not anymore. Last year the broadcast experienced record low ratings, bringing in a mere 9.8 million viewers. Just eight years ago, the Oscars nabbed more than 40 million
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By Chris Isidore, CNN Business Another Boeing plane has been grounded after a fatal crash, this time in China. That may be the least of the company’s problems in a crucial market. The decision to ground the Boeing model 737-800 was made by China Eastern Airlines, which operated the jet that crashed March 21, killing
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