Elon Musk admits Tesla has quality problems
Critics have slammed Tesla for Model 3 quality issues for years. And now CEO Elon Musk is admitting even his harshest critic was right. In early 2018…
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America’s inequality problem isn’t new. The pandemic is just emphasizing it
The pandemic is shining a spotlight on America’s inequality problem, but the nation’s economic playing field was far from level long…
Continue ReadingThere are no Black execs at the top of Britain’s biggest companies
The number of Black executives at the very top of the biggest companies on the London Stock Exchange has fallen to zero. There are no Black CEOs,…
Continue ReadingWall Street is keeping very close tabs on WallStreetBets. Here’s how
Hedge funds, investment bankers and other institutional investors are desperate to find the next GameStop — before it’s too late.…
Continue ReadingHow Amazon can keep thriving even without Jeff Bezos
Jeff Bezos is stepping down as CEO of Amazon, but investors aren’t too worried about the company’s next steps. What’s happening:…
Continue Reading‘We are lost:’ Fox News suffers ratings slump while staffers fret about post-Trump future
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. “We are…
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GameStop stock is plummeting but the Reddit rebellion is just beginning
No matter what happens next to shares of GameStop and AMC or the price of silver, average Joes and Janes are now an undeniable force to be reckoned…
Continue ReadingA surprise announcement in Amazon’s blockbuster earnings
Editor’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 ReadingRead Jeff Bezos’s letter to Amazon employees
Amazon’s founder Jeff Bezos is stepping down later this year as CEO. He sent the following email announcing the transition to Amazon employees…
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SpaceX Mars rocket prototype explodes on landing, again
Starship SN9, SpaceX’s early prototype for a rocket the company hopes will carry the first humans to Mars, launched a high-altitude test flight…
Continue ReadingDow surges as stocks recover from GameStop mania
Wall Street surged for a second day in a row as GameStop mania appears to be calming down. Reddit’s favorite stock fell 60% Tuesday, adding to…
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Boston Dynamics is teaching its robot dog new tricks
Boston Dynamics is teaching its robot dog Spot new tricks. On Tuesday the company announced three new products for Spot — Spot Arm, Spot Enterprise…
Continue ReadingPfizer expects to rake in sales of $15 billion from its Covid-19 vaccine this year
Pfizer expects to earn approximately $15 billion in revenue from its Covid-19 vaccine this year, the company said Tuesday. Its fourth-quarter…
Continue ReadingTesla recalls 135,000 cars after pushing back against regulators
Tesla is recalling 135,000 Tesla Model S sedans and Model X SUVs because their large center touchscreens can fail. Tesla had previously objected to a…
Continue ReadingUPS gives its Express delivery boxes a Black History Month makeover
UPS is celebrating Black History Month with a special design on Express delivery packages, part of a campaign to support Black-owned small…
Continue ReadingAmerican jobs won’t return to pre-pandemic levels until 2024, CBO says
The number of employed Americans won’t return to its pre-pandemic level until 2024, but the broad economy is expected to fully recover by the…
Continue ReadingExxonMobil reports its first annual loss since its merger
ExxonMobil lost $22.4 billion in 2020, its first annual loss since the 1999 merger that created the nation’s largest oil company. It’s…
Continue ReadingExclusive: Elizabeth Warren wants answers on Robinhood’s ties to large hedge funds
Senator Elizabeth Warren is demanding answers from Robinhood co-CEO Vlad Tenev over potential conflicts of interest caused by the free trading…
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Wall Street is on alert. But it can move past GameStop
It’s no secret that GameStop mania has put Wall Street on edge. What’s happening: The Dow and S&P 500 just logged their worst weeks…
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