Maja Hitij | Getty Images News | Getty Images Tesla CEO Elon Musk, via his attorney, accused the Securities and Exchange Commission of leaking information about a federal investigation in order to ret...
Tag: business news
UK to roll out additional vaccine shot for over 75s, vulnerable people
A member of the military vaccinates a woman at the COVID-19 mass vaccination centre at Pentwyn Leisure Centre on February 3, 2021 in Cardiff, Wales. Matthew Horwood | Getty Images News | Getty Images ...
RWE, Tata Power to scope offshore wind projects in India
This image shows onshore wind turbines in Gujarat, India. Shiv Mer | Istock | Getty Images German energy giant RWE and India’s Tata Power on Monday announced a collaboration that will focus on d...
Here are the 5 most valuable airline and hotel rewards programs
An Alaska Airlines jet lands at Los Angeles International Airport on Feb. 7, 2022. Alaska’s Alaska Miles topped NerdWallet’s ranking of airline programs for 2022. George Rose | Getty Image...
Beam Suntory sales rise 11% in 2021, fueled by shift to high-end spirits
In the last three years, Knob Creek bourbon has restored the nine-year age statement on its bottles, updated its label design and started selling 12-year and 15-year versions of its whiskey. Prices us...
UK PM Boris Johnson to lift all remaining Covid restrictions in England
U.K. Prime Minister Boris Johnson. Tobias Hase | Picture Alliance | Getty Images LONDON — U.K. Prime Minister Boris Johnson on Monday will laud the lifting of all remaining Covid restrictions in Engla...
Warby Parker plans to take on glasses giant EssilorLuxottica
A worker dusts a display of Ray-Ban sunglasses, manufactured by EssilorLuxottica, in a store in Barcelona, Spain, on June 30, 2021. Bloomberg | Getty Images Eyewear company Warby Parker is at an infle...
Speed up renewables investment to guarantee energy independence: CEO
The CEO of Portuguese utility EDP has linked the rapid adoption of renewables to Europe’s energy independence, telling CNBC that investment in the sector needed to be “much faster.” ...
New Covid wave in Indonesia puts China’s Sinovac to the test
Indonesian Red Cross officers spray disinfectant at the Pondok Bambu residential area in Jakarta, Indonesia on February 10, 2022. This action as an effort to suppress the omicron variant of the corona...
Carl Icahn launches proxy fight with McDonald’s over treatment of pigs
Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016. David A. Grogan | CNBC Billionaire investor Carl Icahn has started a proxy fight with McDonald’s over the fast food giant&#...
Massive Credit Suisse leak reportedly reveals possible criminal ties among 18,000 accounts
A Credit Suisse logo in the window of a Credit Suisse Group AG bank branch in Zurich, Switzerland, on Thursday, April 8, 2021. Stefan Wermuth | Bloomberg | Getty Images Credit Suisse was scrambling Su...
The chip shortage is so bad GM dropped heated seats in winter
General Motors had to temporarily drop heated seats as an option on vehicles in response to the chip shortage. But the largest U.S. automaker is not alone. The move is another sign of how automakers a...
Olympic speed skater Apolo Ohno’s career pivots amid Great Resignation
U.S. speed skater Apolo Ohno competes in the 2010 Winter Olympics at Pacific Coliseum in Vancouver, Canada. Jamie Squire | Getty Images Sport | Getty Images When Olympic speed skater Apolo Ohno hung u...
Queen Elizabeth tests positive for Covid, her symptoms are mild and she is vaccinated
Britain’s Queen Elizabeth reacts during a meeting with members of the Royal Regiment of Canadian Artillery at Windsor Castle in Windsor, Britain, October 6, 2021. Steve Parsons | Pool | Reuters ...
Rodent infestation leads to recalls at more than 400 Family Dollar stores
A woman walks by a Family Dollar store on December 11, 2018 in the Brooklyn borough of New York City. Spencer Platt | Getty Images Discount chain Family Dollar is voluntarily recalling several of its ...
BuyTheBroncos DAO aims to raise $4 billion to buy Denver Broncos
DENVER — The Denver Broncos are up for sale, and a group of crypto enthusiasts is aiming to raise more than $4 billion using a decentralized autonomous organization, or DAO, to make it their own. You ...
‘Reflation’ trades are resurfacing. Here’s where the money’s going
“Reflation” trades are resurfacing. Travel and leisure stocks have picked up steam this month, with exchange-traded funds such as Invesco’s Dynamic Leisure and Entertainment ETF (PEJ...
Olaf Scholz says West must keep Russia guessing on sanctions
German Chancellor Olaf Scholz on Saturday rejected calls from Ukraine’s president to sanction Russia now, saying that Moscow should not be sure “exactly” how the West will respond to...
Lufthansa Group to suspend Kyiv, Odessa flights
Lufthansa planes are seen parked on the tarmac of Frankfurt Airport, Germany June 25, 2020. Kai Pfaffenbach | Reuters Lufthansa Group said it would suspend service to Kyiv and Odessa, starting Monday,...
Here’s what the end of Covid tax breaks means for business owners
Samuel Corum/Bloomberg via Getty Images Rules around small business taxes have changed significantly in the last two years. This year is no exception as many of the various pandemic-era deductions and...
January home sales jump 6.7% despite a record low supply
A sold sign is posted in front of a home in Phoenix, Arizona. Justin Sullivan | Getty Images Sales of previously owned homes in January rose 6.7% from December to a seasonally adjusted annualized rate...
Liquidation services resell returned items, a $644 billion business
Inside Liquidity Services’ 130,000-square-foot warehouse in Garland, Texas, the aisles aren’t lined with typical merchandise. Instead, they’re stacked with returns from Amazon, Targe...
Fed will hike rates regardless if Biden’s nominees are confirmed, economists say
Federal Reserve Chairman Jerome Powell leaves a meeting in the office of Sen. Chris Van Hollen, D-Md., in Hart Building on Wednesday, October 6, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images ...
Renault says chip shortage means 300,000 less cars in 2022
Renault CEO Luca de Meo said the French carmaker expects to make 300,000 fewer units in 2022 than it potentially could have as a result of the ongoing global chip shortage. Renault made 500,000 fewer ...
What’s behind the congestion at U.S. ports
The Port of Los Angeles, the busiest port in North America, saw record volume in 2021. Container volume at the port, including imports like furniture and apparel, surged to a record 10.6 million TEUs ...
Victoria’s Secret hires Sofia Jirau, its first model with Down syndrome
Sofia Jirau, a 24-year-old Puerto Rican woman with Down Syndrome, stars in Victoria’s Secret’s latest campaign for its lingerie. Source: Victoria’s Secret Victoria’s Secret sai...
Texas led the country in new renewable energy projects last year
Transmission towers are shown on June 15, 2021 in Houston, Texas. The Electric Reliability Council of Texas (ERCOT), which controls approximately 90% of the power in Texas, has requested Texas residen...
Covid risks have reduced but another pandemic will come
Bill Gates said Friday that the risks of severe disease from Covid-19 have “dramatically reduced” but another pandemic is all but certain. Speaking to CNBC’s Hadley Gamble at Germany...
No strategy to increase prices despite dim fourth quarter
French luxury goods brand Hermes said Friday it has “no strategy” to significantly increase prices of its prized products despite disappointing fourth quarter results which saw supply fail...