CNN is hiring hundreds of people and developing dozens of programs for a subscription streaming service that will launch early next year.The new venture, called CNN+, was formally announced on Monday morning. It will exist side by side with CNN's…
Despite surging cases of the Delta variant of Covid-19 around the world, investors have largely been brushing off the risks, confident that vaccines will allow economic activity to return to normal.But that risk assessment may be changing.What's happening: Futures on…
A security company that uses artificial intelligence and advanced sensors technology to screen for threats at theme parks, sports stadiums and other large venues, is going public.Evolv Technology, which announced plans in March to merge with blank check special purpose…
Investors are getting spooked by the rising numbers of Covid-19 cases as the Delta variant spreads across the globe.The Dow fell 725 points shortly after the opening bell Monday, a drop of 2.1%. The S&P 500 and Nasdaq were each…
Robinhood could soon be worth $35 billion.The booming yet controversial trading app said Monday it plans to raise up to $2.3 billion in an initial public offering. Robinhood, which plans to list on the Nasdaq under the ticker symbol "HOOD,"…
Toyota will have a subdued role at the Olympics in Japan this year, despite being one of the event's biggest sponsors.According to a company spokesman, the automaker will not be releasing any commercials related to the Tokyo Games, choosing instead…
A version of this article first appeared in the "Reliable Sources" newsletter. You can sign up for free right here.Scores of journalists from seventeen news outlets worked together to expose evidence of industrial-scale spying that targeted journalists, activists, politicians, and…
A federal court has temporarily blocked a lower court's ruling and will allow the Centers for Disease Control and Prevention to continue to implement safety protocols on the cruise industry.The ruling, issued late Saturday, stays a June ruling by US…
As Covid-19 vaccine-related misinformation continues to spread on Facebook, one of the platform's former executives is calling for the company to focus on transparency.President Joe Biden recently said platforms like Facebook are "killing people" with vaccine misinformation. And Brian Boland,…
OPEC+ agreed to increase oil production Sunday, as demand roars back and prices surge, ending a dispute between the United Arab Emirates and Saudi Arabia.Oil prices soared about two weeks ago after major producers, including Saudi Arabia and the UAE,…
Who are the real winners from the record high car prices? Not the automakers.Despite sky high prices and surging customer demand, most automakers are about to report that revenue is down from where it was in the second quarter of…
LeBron James took his talents to the movies this weekend and came away with a hit."Space Jam: A New Legacy," which stars James alongside the Looney Tunes, brought in an estimated $31.6 million in its North America opening this weekend.…
After a blockbuster 2020, Netflix's stock is having a rough year.What's happening: Shares soared 67% last year, but are down 1% in 2021. The S&P 500, meanwhile, has rallied 16%.Subscriber growth has been slowing significantly as more people receive Covid-19…
Alexa is getting a much bigger personality.Amazon announced this week that the voices of Melissa McCarthy and Shaquille O'Neal are now available on Alexa devices.McCarthy and O'Neal join Samuel L. Jackson as Alexa celebrity personalities. And if this launch is…
You might've heard that everything is getting more expensive.Well, that's mostly true. It wasn't easy, but we found a handful of items that are still cheaper than when the pandemic started last year.Here are some of the things that are…
The Dow and S&P 500 are both up about 15% in 2021 and are each about a percent away from their all-time highs. But as Friday's market sell-off showed, investors remain extremely nervous about the market.The CNN Business Fear &…
Consumers were spending like mad last month, but investors don't seem too impressed. Stocks ended Friday in the red, even though the government reported a solid rebound in retail sales for June.The Dow dropped nearly 300 points, a loss of…
Banks have been on a shopping spree for the past year — and that's raising some alarm bells in Washington.Senators Elizabeth Warren and Sherrod Brown have been critical of the top banks for their dealmaking, citing concerns that the spate…
Moderna, the biotech that became a household name with its Covid-19 vaccine, is getting the ultimate Wall Street validation: It's being added to the S&P 500 index.S&P made the announcement late Thursday, and shares of Moderna surged 10% Friday morning…
As the stock market soars to new heights, companies have been racing to issue shares, leveraging the enthusiasm to generate cash for their businesses.But the game isn't just being played on Wall Street.What's happening: This has been a huge week…
