Business

In a move intended to reflect its new push into electric vehicles, Volkswagen’s US arm said Tuesday it was changing its name to “Voltswagen.” Yes, really. Except, not really. On Tuesday afternoon, the company admitted that the whole thing was a tongue-in-cheek deception that had turned into an utter disaster. “Volkswagen of America will not

In a move intended to reflect its new push into electric vehicles, Volkswagen’s US arm said Tuesday it was changing its name to “Voltswagen.” Yes, really. Maybe. In what seemed to be a shocking goof — pun absolutely intended — Volkswagen of America on Monday briefly posted an unfinished press release announcing a plan to

The blockage of a crucial global trade route last week by a 224,000-ton container ship has raised questions over whether vessels have become too large for the waterways they navigate. The Ever Given, which ran aground in the Suez Canal last Tuesday, is in the top 1% globally in terms of vessel size, according to

A new report from the World Economic Forum estimates that attaining global gender parity will take nearly 136 years, up from its previous estimate of almost 100 years. WEF measures parity in four ways: economic participation and opportunity, education, health and political empowerment. Data examined by the organization showed that the gap in political empowerment

Donald Trump is back online. The former president and first lady, Melania Trump, have launched a website to serve their personal offices. The website, 45office.com, comes after Trump’s ban from social media sites in the aftermath of the January Capitol insurrection. The site features a lengthy biography for the former president that starts, “Donald J.

Chipotle is jumping into the bitcoin craze. Sort of. No, the chain isn’t accepting the cryptocurrency as payment for its Mexican dishes. Instead, Chipotle is giving away $100,000 worth of bitcoin on Thursday to celebrate National Burrito Day. The contest marks the first time a US restaurant chain has given away bitcoin, according to Chipotle.

Two “SpongeBob SquarePants” episodes are no longer available on Paramount+ and Amazon because of inappropriate content. One episode, “Kwarantined Crab,” from the show’s 12th season, centers on a virus storyline. “We have decided to not air it due to sensitivities surrounding the global, real-world pandemic,” a spokesperson for Nickelodeon told CNN Business. In the episode,

Worsening inequality, trillions of dollars in economic damage and depressed economic growth. Those are the outcomes that economists fear we will face unless the world aggressively confronts the climate crisis. Nearly three-quarters (74%) of economists agree “immediate and drastic” action is warranted to curb emissions, according to a survey released Tuesday from the Institute for

In a move intended to reflect its new push into electric vehicles, Volkswagen’s US arm says it is changing its name to “Voltswagen.” Yes, really. In what seemed to be a shocking goof — pun absolutely intended — Volkswagen of America on Monday briefly posted an unfinished press release announcing a plan to change its

Pizza Hut is doubling down on the growing popularity of the drive-thru with a new digital-focused version now opening at more than 1,500 restaurants with more to come. The pizza chain announced Tuesday a new pick-up window called “The Hut Lane,” which it said offers “convenience and speed without customers ever having to park their

In a move intended to reflect its new push into electric vehicles, Volkswagen’s US arm says it is changing its name to “Voltswagen.” Yes, really. In what seemed to be a shocking goof — pun absolutely intended — Volkswagen of America on Monday briefly posted an unfinished press release announcing a plan to change its

The dramatic implosion of Archegos Capital Management is another warning to Wall Street about the dangers of hefty leverage and speculative behavior fueled by rock-bottom interest rates. It’s also a wake-up call to regulators about hidden risks within the financial system. “It is a dereliction of duty for regulators at the Securities and Exchange Commission,

If you still aren’t sure what non-fungible tokens are, or NFTs, “Satuday Night Live” might have an answer. The NFT craze made its debut on the late-night show — hosted by former cast member Maya Rudolph — in the form of an explainer-turned-rap skit featuring a parody of US Treasury Secretary Janet Yellen. In the

The fallout against Fox News and its alleged role in touting false 2020 election claims has now unfolded into another defamation lawsuit. Dominion Voting Systems filed a $1.6 billion lawsuit on Friday for what it says was an “orchestrated defamatory campaign.” “Fox kept spouting these lies about Dominion… on their airwaves, even while they were