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Breaking News: Business

Watch live Boeing CEO Dave Calhoun Senate testimony

by Anas Siddiqui
Watch live Boeing CEO Dave Calhoun Senate testimony

[The stream is slated to start at 2:00 PM ET. Please refresh the page if you do not see a player above at that time.] Boeing CEO Dave Calhoun will …

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Warren Buffett buys Occidental shares for 9 straight days, pushes his stake to nearly 29%

by Walter Watson
Warren Buffett buys Occidental shares for 9 straight days, pushes his stake to nearly 29%

Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska, on May 3, 2024. David A. Grogan Warren Buffett’s Berkshire Hathaway has scooped …

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Detroit automakers need to exit China, BofA analyst says

by Anas Siddiqui
Detroit automakers need to exit China, BofA analyst says

Employees on the assembly line produce cars in Mazda’s “Family” line of vehicles at China First Automobile Works (FAW) Group Haima Automobile Co., Ltd. April 6, 2005 in Haikou, Hainan …

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How the once-promising EV maker went bottom-up

by Horatio Thompson
How the once-promising EV maker went bottom-up

Henrik Fisker stands with the Fisker Ocean electric vehicle after it was unveiled at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA on November 16, …

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Uber, Khosla, Nvidia invest in autonomous trucking startup Waabi

by Horatio Thompson
Uber, Khosla, Nvidia invest in autonomous trucking startup Waabi

Raquel Urtasun, Founder and CEO of Waabi. Courtesy: Waabi Autonomous trucking startup Waabi announced Tuesday it has raised $200 million in an oversubscribed Series B funding round led by existing investors …

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Boeing CEO Dave Calhoun heads to Senate hearing over safety

by Anas Siddiqui
Boeing CEO Dave Calhoun heads to Senate hearing over safety

Dave Calhoun, CEO of Boeing, leaves a meeting with Sen. Dan Sullivan, R-Alaska, in Hart Building, on Wednesday, January 24, 2024. Calhoun was meeting with senators about recent safety issues …

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GME shares drop to session lows after annual meeting fails to offer details on firm’s strategy

by Walter Watson
GME shares drop to session lows after annual meeting fails to offer details on firm’s strategy

Traders work at the post where GameStop is traded on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 12, 2024.  Brendan McDermid | …

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Here’s why car payments are so high right now

by Horatio Thompson
Here’s why car payments are so high right now

Car payments have skyrocketed in recent years due to a combination of high prices and high interest rates. While some relief may come soon, industry insiders say prices may still …

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Warren Buffett Berkshire Hathaway trims stake in EV maker BYD to 6.9%

by Walter Watson
Warren Buffett Berkshire Hathaway trims stake in EV maker BYD to 6.9%

Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 4, 2024. CNBC Berkshire Hathaway, an early investor in BYD thanks to the late Charlie …

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‘Inside Out 2’ box office opening hits $155 million domestically

by Walter Watson
‘Inside Out 2’ box office opening hits 5 million domestically

Disney and Pixar brought a big dose of joy to the box office this weekend. “Inside Out 2” debuted with an estimated $155 million domestically, the second-highest theatrical opening of …

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