business news
French prosecutor studying EU anti-fraud agency report on Le Pen
Marine Le Pen is challenging Emmanuel Macron in a presidential election with opinion polls showing Macron edging ahead in next Sunday’s second round runoff. Nicolas Kovarik | IP3 | Getty Images French prosecutors said on Sunday they are examining a report by the European Union’s anti-fraud agency accusing far-right presidential candidate Marine Le Pen and […]
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Bank of America profit tops estimates as lender releases reserves for soured loans
Brian Moynihan, chairman and chief executive officer of Bank of America Corp, speaks in New York City, September 25, 2019. Shannon Stapleton | Reuters Bank of America reported first-quarter earnings before the opening bell Monday. Here are the numbers: Earnings: 80 cents a share vs 75 cents a share Refinitiv estimate. Revenue: $23.33 billion vs […]
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Alex Jones’ Infowars files for bankruptcy following Sandy Hook lawsuits
Alex Jones of InfoWars talks to reporters outside a Senate Intelligence Committee hearing concerning foreign influence operations’ use of social media platforms, on Capitol Hill, September 5, 2018 in Washington, DC. Drew Angerer | Getty Images Infowars on Sunday filed for voluntary Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the Southern […]
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Musk tweets ‘Love Me Tender’ days after Twitter takeover offer
Elon Musk speaks during a press conference at SpaceX’s Starbase facility near Boca Chica Village in South Texas on February 10, 2022. Jim Watson | AFP | Getty Images Billionaire entrepreneur Elon Musk posted a tweet on Saturday saying “Love Me Tender”, days after he took aim at Twitter Inc with a $43 billion cash takeover […]
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Inside Rivian’s EV plant and CEO RJ Scaringe’s strategy for growth, lower-priced EVs and competing with Tesla
Rivian CEO RJ Scaringe on April 11, 2022 inside the company’s plant in Normal, Ill. Michael Wayland / CNBC NORMAL, Ill. – Rivian Automotive CEO Robert Scaringe hops out of one the automaker’s R1T electric pickups outside of the company’s plant in central Illinois as a man chants, “RJ, RJ!” Scaringe, who goes by those […]
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Sri Lankan opposition to table no-confidence vote against government
Sri Lanka’s opposition is set to stage a no-confidence vote against the government, opposition lawmaker Harsha de Silva told CNBC on Monday. “We are confident we have the numbers and we will bring the motion at the appropriate time,” said de Silva, a parliamentary member from the opposition Samagi Jana Balawegaya party. His comments came […]
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Shanghai reports first Covid deaths since the start of its latest lockdowns
Shanghai, China’s largest city and the one hit hardest by the latest Covid outbreak, announced another round of mass virus testing that’s set to end Thursday, April 21. Str | Afp | Getty Images BEIJING — Shanghai city reported Monday its first Covid-related deaths since the latest wave of lockdowns began in earnest in late […]
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Ukraine’s major western city of Lviv hit by missiles; Mariupol resistance holds out despite heavy losses. Follow our live updates
Five missile strikes hit Western city of Lviv, civilians killed, officials say Air raid sirens are sounding once again in Ukraine’s western city of Lviv after it was hit by five missile strikes, its mayor said. The strikes killed six people and wounded eight, according to the Lviv regional governor. These are the first major […]
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Why China shows no sign of backing away from its ‘zero-Covid’ strategy
While the rest of the world battled wave after wave of coronavirus, China’s strict zero-Covid policy kept case numbers down and national pride up. So how long can China maintain its strict Covid policies? And what matters most to Beijing? Thanks to its zero tolerance for Covid-19 cases, China was the only major economy to […]
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Asia stocks decline as investors react to mixed Chinese economic data
SINGAPORE — Asia markets largely slipped in Monday trade, with investors reacting to the release of Chinese economic data, including first-quarter gross domestic product figures. In Japan, the Nikkei 225 fell 1.5% as shares of Fast Retailing declined nearly 2%. The Topix index shed 1.22%. Mainland Chinese stocks were also lower, with the Shanghai composite […]
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