Chinese drone company EHang shares plunged 63% after fraud claim
Investors are dumping shares in Chinese drone maker EHang, after a short-seller accused the US-listed company of fraud. Shares of the Nasdaq-listed…
Continue ReadingInvestors are dumping shares in Chinese drone maker EHang, after a short-seller accused the US-listed company of fraud. Shares of the Nasdaq-listed…
Continue ReadingApplebee’s is launching a new online-only brand. The main menu item? Cheeto-flavored wings. Customers can start ordering from Cosmic Wings,…
Continue ReadingAmericans are spending less on their credit cards since the pandemic started. But, unlike other economic data points that are inching towards…
Continue ReadingRetail sales increased sharply last month, the Commerce Department said Wednesday, beating economists’ expectations and marking their first…
Continue ReadingAfter committing one of the “biggest blunders in banking history,” Citibank won’t be allowed to recover the almost half a billion…
Continue ReadingCNN is making a series of programming changes in April, starting with a move to the mornings by Brianna Keilar. The new schedule was announced on…
Continue ReadingMany investors are increasingly hesitant to hold shares of oil and gas companies as a global energy transition gathers steam. Not Warren Buffett.…
Continue ReadingBurger King doesn’t want to come out a loser in fast food’s chicken sandwich wars. So it’s planning an upgrade. The chain said…
Continue ReadingNestlé will sell its North American bottled water business, including Poland Spring, Deer Park, Ozarka and Arrowhead, in a $4.3 billion deal as it…
Continue ReadingJeff Bezos has reclaimed his title of world’s richest person, ending Elon Musk’s roughly six-week reign atop the list. Musk lost about…
Continue ReadingIt appears that Warren Buffett is souring on the financial sector’s prospects, and that the Oracle of Omaha also has a newfound interest in Big…
Continue ReadingEditor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here.…
Continue ReadingMarriott International’s president and CEO Arne Sorenson died Monday following a nearly two-year battle with pancreatic cancer, the hotel chain…
Continue ReadingSpaceX delivered its 19th large batch of Starlink internet satellites into orbit on Monday evening, but in a rare misstep, the first-stage rocket…
Continue ReadingFord is shutting its Kansas City assembly plant, which makes its best-selling F-150 pickup, because of a shortage of natural gas caused by severe…
Continue ReadingChinese cinemas are back in business and selling even more tickets than before the pandemic. Local box office takings over the start of the Lunar New…
Continue ReadingAdidas says it will offload struggling US fitness brand Reebok as part of a strategic overhaul. The German sportswear company said in a statement on…
Continue ReadingAt this point, there’s nothing particularly special about a fast food chain announcing a new fried chicken sandwich. So, McDonald’s is…
Continue ReadingBitcoin topped $50,000 Tuesday, continuing a stunning rise that has sent it soaring about $20,000 this year. The digital currency hit a record…
Continue ReadingMove over, Robinhood, here comes Goldman Sachs. The prestigious investment bank, known mainly for advising the affluent how to manage their money and…
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