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Business
The Company on the Heart of America’s Tech Struggle With China
"When you start cutting off capital gains that can flow into research and development, many of which come from the vast Chinese market, you are really undermining our ability to stay at the forefront of semiconductor innovation," Neuffer…
Wales topped Six Nations champions as Scotland stun France
Scottish full-back Stuart Hogg plays the ball during the Six Nations rugby union tournament match between France and Scotland on March 26, 2021 at the Stade de France in Saint-Denis near Paris. (Photo by Anne-Christine POUJOULAT / AFP)…
Bernadette Bartels Murphy, Pioneering Wall Road Dealer, Dies at 86
Bernadette Bartels Murphy, a rare woman on Wall Street in the 1950s, whose work as a trader helped legitimize a once mocked approach to anticipating market trends, making her a respected voice in the financial world, and giving her a…
Stellantis closing 5 North American crops because of chip scarcity
A member of United Auto Worker leaves the Fiat Chrysler Automobiles Warren truck plant after the first shift on May 18, 2020 in Warren, Michigan.Gregory Shamus | Getty ImagesA global shortage of semiconductor chips is forcing Stellantis to…
Leon Black to Step Down as MoMA Chairman
Amid mounting pressure from prominent artists and activists on his financial relationship with convicted sex offender Jeffrey Epstein, investor Leon Black told colleagues on Friday that he would not stand for re-election as chairman of the…
BorgWarner expects EVs to account for nearly 50% of income by 2030
The CEO of auto parts supplier BorgWarner told CNBC on Friday that the company hopes almost 50% of its sales will be related to electric vehicles within the next decade.Electric vehicles currently account for less than 3% of the…
Dominion Sues Fox Information, Claiming Defamation in Election Protection
Fox News and its powerful owner, Rupert Murdoch, face a second major libel suit over the network's coverage of the 2020 presidential election, a new front in the growing litigation over media disinformation and its aftermath.In the recent…
‘Previous guard’ of buyers is again in cost
CNBC's Jim Cramer says investors are optimistic about the introduction of Covid vaccines. This caused US stocks to rally on Friday. The Dow Jones Industrial Average gained 453.40 points, or 1.4%, while the broad S&P 500 rose 1.7% to…
ViacomCBS inventory tanks, dropping greater than half its worth in lower than every week.
ViacomCBS, the media goliath led by Shari Redstone, took a nosedive this week, with the company losing more than half of its market value in just four days.That stock was trading at $ 100 on Monday. By Friday close of trading, it had…
How Texas’ powerful winter uncovered U.S. energy grid issues
Texas had a rough winter in 2021.In mid-February, when temperatures dropped in the single digits, demand for electricity hit a record high across Texas. The supply was running low, causing the state's utility operator to introduce rolling…