Category Archives: CNN – Business News

Memphis Meats raised $161 million to grow meat from cells

Memphis Meats raised $161 million to grow meat from cells

Memphis Meats, which grows meat from animal cells, just got a huge endorsement from some big-named backers. That will take it one step closer to selling its product, but it’s still a long way off from hitting store shelves. The five-year-old startup said Wednesday it raised another $161 million in a new round of financing.…MORE

US threatens to hike tariffs on UK car exports

US threatens to hike tariffs on UK car exports

Treasury Secretary Steven Mnuchin said Wednesday that the United States would consider imposing tariffs on cars made in the United Kingdom if the country moves ahead with a tax on digital services. Mnuchin said at the World Economic Forum in Davos, Switzerland that the United States regards digital services taxes such as the one imposed…MORE

Toyota and Honda recall millions of vehicles

Toyota and Honda recall millions of vehicles

Two of Japan’s biggest automakers, Toyota and Honda, are recalling millions of cars over unrelated safety issues. Toyota said Tuesday it would recall 3.4 million cars, 2.9 million of which are in the United States, because of potentially defective equipment meant to protect passengers during a crash. The affected models in North America, Central America…MORE

Cable, not broadcast, is the main stage for Trump’s impeachment trial

Cable, not broadcast, is the main stage for Trump’s impeachment trial

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. So much has changed since the Bill Clinton impeachment trial. People, including some rule-bending senators, have computers strapped to their wrists nowadays. Places like the Capitol have geotags. Print newspapers have faded from prominence. Phones…MORE

Asian stocks recover from losses sparked by the coronavirus outbreak

Asian stocks recover from losses sparked by the coronavirus outbreak

Stocks in Asia recovered a little ground Wednesday after a new virus originating in China drove markets into the red earlier this week and disrupted plans for the millions of people traveling over the Lunar New Year. China’s Shanghai Composite was last up 0.4%, reversing earlier losses. The index had fallen more than 1% Wednesday…MORE

Netflix adds subscribers as competition from Disney+ and Apple ramps up

Netflix adds subscribers as competition from Disney+ and Apple ramps up

Netflix released its earnings on Tuesday, finally giving itself a chance to calm the nerves of jittery investors who are concerned about the rise of rivals. So did Netflix shrug off its competitors or did its subscriber base take a hit? The streaming giant exceeded its own expectations by reporting fourth quarter earnings showing that…MORE

Boeing now expects 737 Max won’t be approved to fly again until mid-2020

Boeing now expects 737 Max won’t be approved to fly again until mid-2020

Boeing executives now expect the 737 Max will not be approved to fly until the middle of this year, the company said Tuesday. “We are informing our customers and suppliers that we are currently estimating that the ungrounding of the 737 MAX will begin during mid-2020,” the statement said. The plane has been grounded since…MORE

Dow tumbles on the first case of coronavirus in the United States

Dow tumbles on the first case of coronavirus in the United States

The Dow and broader stock market closed in the red Tuesday as reports of the first case of the Wuhan coronavirus in the United States weighed on the market. The Center for Disease Control and Prevention announced Tuesday that the first case of the illness in the United States showed up in Washington state. The…MORE

IPOs are SO 2019. Companies are finding new ways to go public

IPOs are SO 2019. Companies are finding new ways to go public

Last year was rough for many new stocks. Sure, Beyond Meat soared. But Uber and fellow ridesharing unicorn Lyft both flopped in their Wall Street debuts. WeWork struggled due to significant concerns about its business model and corporate governance. You’d think companies would want to avoid Wall Street in 2020. Not so fast. As Spotify…MORE

US airline stocks fall on coronavirus fears

US airline stocks fall on coronavirus fears

Shares of Delta, United and American Airlines were all lower Tuesday as investors worried that the coronavirus outbreak in China could affect global air travel. The outbreak is in the Chinese city of Wuhan in the Hebei province. Six people have reportedly died from the disease in China, which can cause pneumonia-like respiratory problems. The…MORE

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