Category Archives: CNN – Business

Capitol Hill press corps shows support for Manu Raju after GOP senator’s smear

Capitol Hill press corps shows support for Manu Raju after GOP senator’s smear

The Capitol Hill press corps on Friday rallied behind Manu Raju, CNN’s senior congressional correspondent, after Republican Sen. Martha McSally of Arizona insulted him on Thursday. The Radio and Television Correspondents Association, which represents scores of journalists who cover Congress, said McSally’s comment was “inappropriate anywhere, but particularly in the halls of the Congress.” When…MORE

Best Buy opens investigation into allegations of misconduct by CEO

Best Buy opens investigation into allegations of misconduct by CEO

Best Buy is investigating allegations of misconduct against its CEO Corie Barry, a company spokesperson said on Friday. The board launched the review after receiving a letter containing the allegations, the spokesperson said. “Best Buy takes allegations of misconduct very seriously,” the spokesperson said in an emailed statement to CNN Business. “Upon the receipt of…MORE

Boeing discovers issue with 737 Max flight computers, source says

Boeing discovers issue with 737 Max flight computers, source says

Boeing’s troubled 737 Max has run into a new glitch. During a recent technical review involving the Max, Boeing observed an issue with the plane’s flight computers, according to a source familiar with the matter. The source said the issue is not related to the software revisions Boeing made to address the cause of two…MORE

Finding success in the cannabis industry sometimes means not mentioning cannabis

Finding success in the cannabis industry sometimes means not mentioning cannabis

High Style Brewing had big expansion plans for its cannabis business. But it hit a major snag: Its name wasn’t legal in Nevada. Instead of spending the past year expanding, the San Diego crafter of cannabis-infused, non-alcoholic beers underwent a rebrand and a major extension of its product line. The brewery relaunched this month as…MORE

The market’s earnings losing streak may be about to end

The market’s earnings losing streak may be about to end

Earnings season is off to a strong start. We haven’t been able to say that in a long time. JPMorgan Chase, Citigroup, BlackRock and Morgan Stanley all reported results for the fourth quarter that topped forecasts. So did Delta and Dow component UnitedHealth. If the trend of companies surpassing Wall Street’s estimates continues, Corporate America…MORE

America just had its best month for new home construction in 13 years

America just had its best month for new home construction in 13 years

Americans are in the market to buy houses again. New home construction rose nearly 17% in December, soaring to a level not seen since before the financial crisis. The US housing market continues to recover, helped by a healthy American economy, a tight labor market with modestly rising wages, low inflation and low mortgage rates.…MORE

Tesla allegedly has an unintended acceleration problem

Tesla allegedly has an unintended acceleration problem

More than 100 Teslas have been involved in accidents because they accelerated unintentionally, according to a complaint filed with federal safety regulators. The complaint, filed on December 19 but posted Friday, says the problem happened to 127 different cars across all three Tesla models currently for sale: the Model S, Model X and the Model…MORE

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