Category Archives: CNN – Business

Ford’s Mustang Mach-E is eating into Tesla’s US sales

Ford’s Mustang Mach-E is eating into Tesla’s US sales

Tesla is starting to lose market share among US buyers of electric vehicles, and Ford’s Mustang Mach-E appears to be the beneficiary. Analysis by Morgan Stanley shows that Tesla’s share of the US EV market fell to 69% in February, down from 81% a year ago. Tesla’s US sales are still climbing, according to this…MORE

Stocks tumble as Powell signals inflation is ahead

Stocks tumble as Powell signals inflation is ahead

US stocks tumbled Thursday after Federal Reserve Chairman Jerome Powell predicted an increase in consumer prices this summer — something investors fear will force interest rates up sooner than expected. Powell, speaking at a conference Thursday, predicted strong job growth and increases in consumer prices as the vaccine rollout allows the economy to reopen fully.…MORE

Here we go again: Turmoil rocks the repo market

Here we go again: Turmoil rocks the repo market

The repo market, a murky yet crucial corner of Wall Street, is acting weird again. And the turmoil suggests the Federal Reserve may need to come to the rescue once more. The Dow, GameStop and bitcoin steal a lot of headlines, but the repo market is vital to the functioning of modern finance. Trillions of…MORE

Oil prices surge as OPEC and its allies extend production cuts

Oil prices surge as OPEC and its allies extend production cuts

A group of major oil producers has agreed to extend production cuts for another month despite a recent price surge, choosing to limit supply until the global economic recovery is more firmly established. The Organization of the Petroleum Exporting Countries (OPEC) and allied producers said on Thursday that they would largely roll over production cuts…MORE

Amazon’s first physical store outside the US doesn’t have a checkout line

There’s something unusual about Amazon‘s first physical store outside the United States: No waiting to pay. The e-commerce giant opened a convenience grocery store in London on Thursday that offers “just walk out” shopping — meaning customers don’t scan items or pay for them in store. Instead, customers scan a QR code using the Amazon…MORE

Dr. Seuss books are taking over Amazon’s bestseller list

Dr. Seuss books are taking over Amazon’s bestseller list

Oh, the places Dr. Seuss books will go after they ignite controversy. This week, Dr. Seuss Enterprises announced that six books penned by the children’s author will no longer be published because of the “hurtful and wrong” ways characters of color are portrayed. Now, Dr. Seuss books have soared to the top of Amazon’s bestseller…MORE

Playlist