The drive units will be used in GM electric trucks, the automaker said, including the GMC Hummer EV, which is currently in production, and the upcoming Chevrolet Silverado EV and GMC Sierra…
Tag: business
Moderna asks FDA to authorize omicron Covid boosters for children as young as 6 years old
Following CDC approval for vaccination of children aged 6 months to 5 years, 4 year-old Eleanor Kahn sits with her father Alex, as nurse Jillian Mercer administers the Moderna vaccine for the…
Netflix chief accounting officer gives up $2.4 million position after just 4 months on the job
Netflix Inc. is seeking a new chief accounting officer after his current one quits the role after less than four months. The streaming giant NFLX, -4.49% said in a regulatory filing Friday…
These 20 stocks in the S&P skidded as much as 21.5% during another brutal week for the market
Another difficult week for US stocks ended with shares of oil producers sliding and Ford Motor Co. tumbling further on concerns over supply shortages. The S&P 500 SPX fell 1.7% on Friday…
The DART mission is about to collide with an asteroid
Sign up for CNN’s Wonder Theory science newsletter. Explore the universe with news on fascinating discoveries, scientific advancements and more. CNN — On Monday, a NASA spacecraft will deliberately slam into an…
The Fed’s fight against inflation could cost the US 1.2 million jobs
Minneapolis CNN Business — In its efforts to bring down historic inflation and cool the economy, the Federal Reserve has used multiple euphemisms to describe the potential impact on Americans’ jobs, from…
Tech stocks worst two-week stretch since the start of pandemic
Pedestrians pass by the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images What started off as a third-quarter rebound has turned into a flop for tech investors. The Nasdaq…
Global markets fall sharply on worries about rates, economy
Stocks tumbled worldwide Friday on more signs the global economy is weakening, just as central banks raise the pressure even more with additional interest rate hikes. The S&P 500 fell 1.7% after…
Costco to keep $1.50 hot dog-and-soda combo ‘forever’ despite inflation: exec
A top Costco Wholesale executive confirmed the big-box retailer has no plans to change the price of its $1.50 hot dog-and-soda combo at its stores despite months of decades-high inflation. Costco CFO…
Trump merger partner Digital World falls to about $16 after hitting $97 in early 2022
The Truth social network logo is seen on a smartphone in front of a display of former US President Donald Trump in this picture illustration taken February 21, 2022. Dado Ruvic |…