Business

Dow Jones Falls As Cisco Dives;  Google Briefs Amid Threat;  Warren Buffett Stock Makes Move

Dow Jones Falls As Cisco Dives; Google Briefs Amid Threat; Warren Buffett Stock Makes Move

The Dow Jones Industrial Average fell as Cisco (CSCO) plunged on earnings. Alphabet (GOOGL) skidded amid a bipartisan bill to break up the ad business of Google. Warren Buffett stocks BYD (BYDDF) retook a key level. X Target (TGT) continued to plunge despite encouraging earnings from BJ’s Wholesale (BJ). Meanwhile, utility stock NRG Energy (NRG) …

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Here's why bears aim to keep Bitcoin under $29K ahead of Friday's $640M BTC options expiry

Here’s why bears aim to keep Bitcoin under $29K ahead of Friday’s $640M BTC options expiry

Over the past nine days, Bitcoin’s (BTC) daily closing price fluctuated in a tight range between $28,700 and $31,300. The May 12 collapse of TerraUSD (UST), previously the third-largest stablecoin by market cap, negatively impacted investor confidence and the path for Bitcoin’ price recovery seems clouded after the Nasdaq Composite Stock Market Index plunged 4.7% …

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DOE announces carbon capture funding to kickstart climate industry

DOE announces carbon capture funding to kickstart climate industry

CNN — The US Department of Energy is announcing a massive investment in direct air carbon removal projects, in hopes of kickstarting an industry that energy experts say is critical to getting the country’s planet-warming emissions under control. Direct air carbon removal projects are like giant vacuum cleaners that suck planet-warming carbon dioxide out of …

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Ford recalls thousands of SUVs because engines might catch fire

Ford recalls thousands of SUVs because engines might catch fire

Ford Motor Co. has asked the owners of 350,000 vehicles to take them into dealerships to be repaired under a three-pronged recall announcement. About 39,000 of those vehicles should be parked outdoors because their engines could catch fire, Ford said. The Michigan automaker said in US government documents posted Thursday that it doesn’t know what’s …

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Twitter deal leaves Elon Musk with no easy way out

Twitter deal leaves Elon Musk with no easy way out

Enlarge / This illustration photo taken May 13, 2022, displays Elon Musks Twitter account with a Twitter logo in the background in Los Angeles. – Elon Musk sent mixed messages Friday about his proposed Twitter acquisition, pressing shares of the microblogging platform amid skepticism on whether the deal will close. In an early morning tweet, …

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Fuel is a problem for business and consumers — Why prices are so high

Fuel is a problem for business and consumers — Why prices are so high

A sign displays gas prices at a gas station on May 10, 2022 in San Mateo County, California. Liu Guanguan | China News Service | Getty Images The surge in gasoline prices is impossible to miss and at the top of consumers’ minds as large billboards announce that gas now costs $4, or $5, and …

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Existing home sales fell in April to lowest level since start of pandemic

Existing home sales fell in April to lowest level since start of pandemic

A sale pending sign is posted in front of a home for sale on March 18, 2022 in San Anselmo, California. Justin Sullivan | Getty Images Sales of previously owned homes in April fell to the lowest pace since the Covid pandemic started, according to the National Association of Retailers. Existing-home sales declined 2.4% compared …

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US economy could be heading to recession in next year, banks and economists say

US economy could be heading to recession in next year, banks and economists say

Placeholder while article actions load The US economy could be heading for a recession in the next year, according to growing warnings from banks and economists, as a sudden bout of economic pessimism hammers financial markets that had been counting on sustained economic momentum. Although major swaths of the economy — including the job market …

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Elon Musk proves once again that rules, norms don't apply to him

Elon Musk proves once again that rules, norms don’t apply to him

New York CNN Business — How do you regulate a man’s worth more than $200 billion who thinks he knows better than everyone else? The simple answer is: You don’t. Elon Musk has once again proven he’ll do things his own way, announcing Friday that his $44 billion deal to buy Twitter is on hold. …

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