business news

Truck drivers, such as the one pictured here in Shanghai in late April, typically need to show valid negative virus tests in order to move goods between cities in China. The American Chamber of Commerce in China said members have…

Bitcoin dropped below the $30,000 level late Monday, breaching a symbolic price threshold.At its lowest price point, the world's most popular cryptocurrency was more than 12% lower on the day — and more than 56% off its November all-time…

U.S. stock futures were higher on Monday night after the S&P 500 fell to its lowest level in more than a year.Dow Jones Industrial Average futures rose by 92 points, or 0.3%. S&P 500 and Nasdaq 100 futures climbed 0.3% and 0.4%,…

Bitcoin is a volatile asset, and has been known to swing more than 10% higher or lower in a single day.Jakub Porzycki | Nurphoto | Getty ImagesBitcoin is off nearly 55% from its November peak, and 40% of holders are now underwater on…

The Lordstown Motors Corp. Endurance electric pickup truck sits on stage during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020.Matthew Hatcher | Bloomberg | Getty ImagesStruggling electric vehicle start-up…

Virgin Galactic announced last week that it was pushing back its next planned commercial flight to 2023. Source link

Uber will cut back on spending and focus on becoming a leaner business to address a "seismic shift" in investor sentiment, CEO Dara Khosrowshahi told employees in an email obtained by CNBC."After earnings, I spent several days meeting…

As interest rates in the U.S. rise, investors can put their money to work by looking at companies in the S&P 500 that can "increase their prices" and "maintain margins," Kevin O'Leary told CNBC."There's plenty of them. That's a good…

Red Bull driver Max Verstappen of the Netherlands holds his trophy after winning the Formula One Miami Grand Prix auto race at the Miami International Autodrome, Sunday, May 8, 2022, in Miami Gardens, Fla.Lynne Sladky | AP PhotoMax…

Leaders from the Group of Seven developed democracies pledged Sunday to phasing out or banning the import of Russian oil, as they met with Ukraine's president, Volodymyr Zelenskyy, for online talks to stress their support and to display…