The Biden administration will require airline passengers traveling from China to test negative for Covid before entering the U.S. as concern grows that widespread transmission of the virus in the worl...
Tag: business news
UK and France say no plans currently to follow Italy with Covid tests for China arrivals
People are seen waiting at the arrivals area of terminal 5 at Heathrow International airport. Carlos Barria | Reuters LONDON — The U.K. and France said Thursday morning they currently had no plans to ...
Netflix, Disney had a tough year, and 2023 doesn’t look good
In this photo illustration, a hand holding a TV remote control in front of the Disney Plus logo on a TV screen. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Media stocks got rocked this ...
Most Chinese shoppers are very cautious about going out, survey finds
Shoppers enter a newly opened Sam’s Club in Beijing on Dec. 23, 2022, the chain’s fourth store in China’s capital city. Zhao Jun | China News Service | Getty Images BEIJING — Most Ch...
Ferrari outshines EV makers like Tesla
The Ferrari SP38 seen at Goodwood Festival of Speed 2022 on June 23rd in Chichester, England. Martyn Lucy | Getty Images This year wasn’t about which auto manufacturer stock performed the best. ...
AMC Entertainment stock falls, hits 52-week low
The AMC 25 Theatres in Times Square in New York is seen on Tuesday, July 8, 2014. Richard Levine | Corbis News | Getty Images Branded credit cards and a pay freeze for its CEO have done little to assu...
Southwest cancels more flights as rival carriers cap fares for stranded flyers
Southwest Airlines slashed another 2,500 flights on Wednesday, sending more frustrated customers scrambling to find seats on other airlines. The Dallas-based carrier’s cuts amounted to 60% of it...
FTX Japan users will be able to start withdrawing funds from February
The FTX logo on a laptop screen. Andrey Rudakov | Bloomberg via Getty Images Japanese FTX users will be able to start moving their funds out of the collapsed cryptocurrency exchange starting in Februa...
Bahamas regulator seized $3.5 billion of FTX crypto assets
The FTX logo on a laptop screen. Andrey Rudakov | Bloomberg via Getty Images The Securities Commission of The Bahamas says it seized $3.5 billion worth of cryptocurrency from collapsed crypto exchange...
Shaw Communications, Li Auto, Southwest and others
Check out the companies making headlines before the bell: Shaw Communications (SJR) – Canada’s Competition Tribunal dismissed an attempt by the country’s competition watchdog to block the ...
Netflix, Cal-Maine Foods, Southwest and more
In this photo illustration the Netflix logo seen displayed on a smartphone screen, with graphic representation of the stock market in the background. Sopa Images | Lightrocket | Getty Images Check out...
Tesla, Cal-Maine, Southwest and others
Check out the companies making headlines before the bell: Tesla (TSLA) – Tesla rallied 4.4% in the premarket after posting its first rise in eight sessions Wednesday, softening the blow to its stock i...
Singapore to raise goods and services tax in January
Singapore’s goods and services tax will be raised to 8% in January 2023. Ore Huiying | Bloomberg | Getty Images Come Jan. 1, Singapore will raise its goods and services tax, otherwise known as t...
FTX used $200 million of customer funds for two venture investments
FTX founder Sam Bankman-Fried leaves following his arraignment in New York City on December 22, 2022. Ed Jones | AFP | Getty Images Of the billions of dollars in customer deposits that disappeared fro...
Tesla, Southwest, Apple, AMC and more
A sign hangs in front of an AMC theater on January 27, 2021 in Chicago, Illinois. Shares of AMC Entertainment more than quadrupled today as investors continue their buying spree on heavily shorted sto...
A reckoning is upon us. Here’s what to expect
Partygoers with unicorn masks at the Hometown Hangover Cure party in Austin, Texas. Harriet Taylor | CNBC Bill Harris, the former PayPal CEO and veteran entrepreneur, strode onto a Las Vegas stage in ...
Tesla, AMC, Southwest and others
Check out the companies making headlines before the bell: Tesla (TSLA) – Tesla gained 1.6% in the premarket in a volatile session, following a seven-day losing streak and declines in ten of the past e...
Zelenskyy, BlackRock CEO Fink agree to coordinate Ukraine investment
Volodymyr Zelenskiy, Ukraine’s president, meets with US President Joe Biden in the Oval Office of the White House in Washington, DC, US, on Wednesday, Dec. 21, 2022. Oliver Contreras | Bloomberg...
Crypto exchange Kraken to close Japan operations after mass job cuts
Kraken is one of the world’s largest crypto exchanges. Tiffany Hagler-Geard | Bloomberg via Getty Images Digital currency exchange Kraken will close down its operations in Japan next month, in a...
Southwest, Peloton, Tesla, Herbalife and more
Southwest Airlines aircrafts are seen at Baltimore/Washington International Thurgood Marshall Airport (BWI) on December 22, 2021 in Baltimore, Maryland. Alex Wong | Getty Images Check out the companie...
Global economy is heading into a decade of low growth, economist says
A screen displays the Fed rate announcement as a trader works on the floor of the New York Stock Exchange (NYSE), November 2, 2022. Brendan McDermid | Reuters The global economy likely faces a decade ...
Nio cuts 4Q delivery guidance, cites Covid disruption
Chinese electric car company Nio delivered more than 5,000 cars in April despite Covid restrictions in some parts of China, albeit down sharply from nearly 10,000 vehicle deliveries in March. Future P...
How to find the best used car for the money
Buying a used car has typically been considered a smart way to save by avoiding the steep depreciation costs that go hand in hand with new cars. However, a limited supply of new cars and trucks due to...
How BofA came back from the brink of collapse
The 2008 financial crisis had a devastating impact on Bank of America. Shares of the bank were trading for as low as $2.53 in 2009 and net income dropped from a high of $21 billion in 2006, to just $4...
Why 2023 could be another difficult year for the auto industry
A sale sign is seen at car dealer Serramonte Subaru in Colma, California. Stephen Lam | Reuters High interest rates, supply chain problems and recessionary fears were among the major challenges for th...
Southwest, Tesla, Peloton and others
Check out the companies making headlines before the bell: China ADRs – Shares of China-based companies that trade in the U.S. rose in the premarket after the easing of Covid restrictions by the Chines...
Restaurant chains are investing in robots, bringing change for workers
A White Castle team member next to Miso Robotics’ Flippy. Courtesy: Miso Robotics Chipotle Mexican Grill is testing whether a robot can make tortilla chips in stores. Sweetgreen plans to automat...
Chinese provinces hit hard by Covid are seeing a strain on critical care, health officials say
People wait outside a fever clinic at Tongren Hospital in Shanghai on Dec. 23, 2022, amid a local outbreak of Covid-19 infections. Hector Retamal | Afp | Getty Images BEIJING — Some Chinese provinces&...
Lemons, peaches and TCM bought as protection from virus
Farmers sort and package lemons at a workshop on November 24, 2020 in Neijiang, Sichuan Province of China. Huang Zhenghua | Visual China Group | Getty Images Covid cases in China saw a spike following...
Here are the countries Chinese tourists want to visit the most
Travelers check in at Shanghai’s Hongqiao International Airport in on Dec. 12, 2022, after China relaxed domestic travel restrictions. Qilai Shen | Bloomberg | Getty Images BEIJING — Now that Ch...