Saudi Aramco had a rough 2020, just like every other oil company. But Aramco isn't any ordinary oil company -- it's the world's biggest, and the pandemic's toll on its business had a decidedly adverse effect on the Saudi-owned business.The…
A lot can change in a week. Just ask Volkswagen.Europe's largest carmaker was nobody's idea of a trendy stock a week ago. Then CEO Herbert Diess unveiled plans on Monday to open six battery-making "gigafactories" in Europe by 2030.Volkswagen went…
Texas Roadhouse founder and CEO Kent Taylor died Thursday, according to a post on the restaurant chain's Facebook page. He was 65."Our community and the restaurant industry lost a legend and the Taylor family lost a wonderful son, father and…
A version of this article first appeared in the "Reliable Sources" newsletter. You can sign up for free right here.Department of Homeland Security Secretary Alejandro Mayorkas traveled to the US-Mexico border on Friday with a group of bipartisan senators. Typically…
Vacation deprivation is about to be replaced by a travel boom, according to Expedia CEO Peter Kern.He told CNN's Julia Chatterley earlier this week that people are beginning to think about their future travel "very quickly." Reservations on the travel…
Despite taking a hit from lousy, snowy weather in February, FedEx is thriving thanks to online shopping.Shares of FedEx soared more than 6% Friday after the shipping giant reported earnings and revenue for its latest quarter that easily topped forecasts…
It's a big weekend for comic book fans with two highly anticipated superhero premieres debuting. However, instead of heading to the multiplex, viewers can stay in their pajamas to watch people in tights save the world.Zack Snyder's long-awaited director's cut…
Federal regulators said Friday they won't extend a Covid relief provision granted to big banks, dashing Wall Street's hopes for an extension.JPMorgan Chase, Wells Fargo and other big bank stocks retreated on the news, helping to drive the Dow down…
The pandemic exposed the huge inequities baked into the global economy. That could make for a tense string of annual meetings this spring, as companies ask shareholders to approve millions of dollars in compensation for executives.What's happening: This week, Sen.…
It's invisible in the night sky, but above us there is a cloud of more than 9,000 tons of space junk -- equivalent to the weight of 720 school buses.This debris is composed of parts of old satellites as well…
It's hard to imagine a more disastrous IPO rollout than the past few months for Robinhood.Regulators accused the app-only brokerage of deceiving customers, its CEO was hauled before Congress and Michael Bolton appeared in a viral video about the trading…
US stocks were poised to rebound on Friday as investors shrugged off an overseas sell-off and inflation fears receded.Dow futures were last up 27 points or 0.1%. S&P 500 futures increased 0.2% and Nasdaq futures gained 0.5%. Wall Street stumbled…
UBS, a major player in the blank-check boom captivating Wall Street, has quietly banned its financial advisers from pitching SPAC stocks to wealth management clients, CNN Business has learned.The restrictions, which haven't been previously reported, highlight the elevated risk of…
Starbucks shareholders voted against the company's CEO pay proposal in a rare move that may indicate some shareholders think the chief executive is overpaid.The news was first reported by the Wall Street Journal following Starbucks' annual shareholder meeting. Starbucks confirmed…
The NFL is giving Amazon Prime Video exclusive rights to Thursday Night Football — part of its new 11-year deal with TV networks valued at more than $100 billion.The new deal includes Amazon, CBS, ESPN/ABC, Fox and NBC. It covers…
A workplace survey from a group of junior analysts at Goldman Sachs is about to make you feel a lot better about your job.About a dozen first-year analysts say they are working more than 95 hours a week on average,…
Tran Wills couldn't talk Wednesday about the shootings at Atlanta spas a day earlier without breaking down sobbing."I saw myself in these women," she said. "I feel I have been screaming about hate crimes and violence against Asian Americans from…
Peloton is warning owners to keep their children away from their treadmills after an accident involving its Tread+ in which a child died.CEO John Foley sent a letter to Tread+ owners Thursday, saying the warning comes after a "tragic accident…
Alexi McCammond is out as editor-in-chief of Teen Vogue even before officially starting, she and the magazine's owner announced Thursday. The announcement of her appointment to the job had sparked outrage from the publication's staffers and readers as well as…
Five Below wants to win more teen shoppers with novelty stores and cheap prices.The toy, game, room decoration and tech accessory store targets teens and tweens as its key customers and sells most of its stuff for -- as its…
