business news
How higher and more volatile energy prices will affect the move to clean energy
Wind power in Texas. Interstate 40, Adrian, Texas Paul Harris | Archive Photos | Getty Images After Russia invaded Ukraine, energy prices spiked. U.S. crude oil prices reached as high as $130 on March 6, the highest since July 2008. About a week later, U.S. gasoline prices hit a record high price of $4.33 per […]
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Tesla fired an employee after he posted driverless tech reviews on YouTube
John Bernal, the creator of AI Addict on YouTube. Courtesy: AI Addict Tesla has fired a former Autopilot employee named John Bernal after he shared candid video reviews on his YouTube channel, AI Addict, showing how the company’s Full Self Driving Beta system worked in different locations around Silicon Valley. Following Bernal’s dismissal, Tesla also […]
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Why Russian people need tech companies to stay, not withdraw: It’s terrifying ‘how dark that place could become’
People gather to stage anti-war protest in Saint-Petersburg, Russia on March 1, 2022. Anadolu Agency | Getty Images As the U.S. and Europe impose economic sanctions on Russia for its invasion of Ukraine, and businesses such as McDonald’s and Starbucks shut down operations in the country, tech platforms must weigh a more complex equation. Unlike […]
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Kanye West has been suspended from Instagram
Gilbert Carrasquillo | Getty Kanye West has been suspended from Instagram for 24 hours for breaching the social media network’s harassment policy. West, who goes by “Ye,” will not be able to post, comment or send direct messages for 24 hours. A spokesperson for Meta, which owns Instagram, told CNBC Thursday that West violated the […]
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Amazon closes deal to buy MGM movie studio
Pavlo Gonchar | LightRocket | Getty Images Amazon on Thursday said it had closed its $8.5 billion deal to buy MGM, combining the fabled movie maker behind “Rocky” and “James Bond” with the online retailing giant as it looks to draw consumers through more streaming video. In a statement, Amazon said it would welcome all […]
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Apple’s new Mac Studio and Studio Display are great if you have $3,600, but most people should get a Mac Mini
Apple’s Mac Studio and Studio Display Kif Leswing/CNBC Apple‘s new Mac Studio computer goes on sale on Friday. I’ve been testing it for over a week, and it’s a good pick for video and photo professionals for whom cost is no issue and who want a Mac desktop that will be able to handle anything […]
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Ukraine legalizes crypto sector as digital currency donations continue to pour in
Ukraine has started to accept dogecoin and a number of other cryptocurrencies as donations as Russia continues its invasion. Nurphoto | Getty Images Ukraine has passed a law that creates a legal framework for the cryptocurrency industry in the country. The bill, which was adopted by Ukraine’s parliament last month and signed into law by […]
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Warren Buffett scoops up another $1 billion in Occidental shares, bringing total stake to $7 billion
Daniel Zuchnik | WireImage | Getty Images Warren Buffett’s Berkshire Hathaway purchased an additional 18.1 million shares of Occidental Petroleum for almost $1 billion over the first three days of this week. An SEC filing Wednesday shows it paid a weighted average of $54.41 per share, a total of $985 million for the new shares. At Wednesday’s […]
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Stocks making the biggest moves premarket: Dollar General, Accenture, Warby Parker and others
Check out the companies making headlines before the bell: Dollar General (DG) – Dollar General rallied 5% in the premarket after the discount retailer forecast better-than-expected full-year sales. Dollar General’s quarterly earnings of $2.57 per share matched forecasts, although revenue was slightly below estimates and same-store sales fell more than expected. The company also raised […]
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UK government to speed up criminal sanctions for tech bosses with new online safety laws
scyther5 | iStock | Getty Images Plus Executives at companies like Meta, Google, Twitter and TikTok could face jail time sooner than anticipated if they fail to cooperate with the U.K. internet regulator, Ofcom. The U.K. government announced Wednesday that executives may face prosecution or jail time within two months of the new Online Safety […]
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