Business

Facebook recently announced it would dramatically increase its headcount in London and Dublin, saying the newly hired talent would work on WhatsApp payments.
Justin Sullivan/Getty Images via CNN
May 24, 2019 - 12:51 pm
By Ivana Kottasová, CNN Business (CNN) -- Facebook is reportedly preparing to launch a cryptocurrency as part of its global push into payments. The BBC reported Friday that Facebook wants to start testing "GlobalCoin" by the end of this year. The Financial Times said the company had even held talks...
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Chipotle dealt with a major health crisis that could have led to permanent damage to the restaurant chain's reputation and stock price.
Chipotle via CNN
May 24, 2019 - 11:24 am
By Paul R. La Monica, CNN Business (CNN) - - Chipotle dealt with a major health crisis that could have led to permanent damage to the restaurant chain's reputation and stock price. But customers have clearly forgiven (and perhaps forgotten) about the E. coli outbreak of late 2015 and early 2016. So...
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A man looks at his smartphone as he walks past an electronics shop advertising phones from Huawei and Apple in Beijing, Friday, May 24, 2019.
Mark Schiefelbein/AP Photo
May 24, 2019 - 8:55 am
By Christopher Bodeen, Associated Press BEIJING (AP) — Stepping up Beijing's propaganda offensive in the tariffs standoff with Washington, Chinese state media on Friday accused the U.S. of seeking to "colonize global business" with moves against Huawei and other Chinese technology companies. There...
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President Donald Trump and Attorney General William Barr arrive for a Public Safety Officer Medal of Valor presentation ceremony in the East Room of the White House in Washington, Wednesday, May 22, 2019.
Andrew Harnik/AP Photo
May 24, 2019 - 7:54 am
By Zeke Miller, Associated Press WASHINGTON (AP) — President Donald Trump has directed the U.S. intelligence community to "quickly and fully cooperate" with Attorney General William Barr's investigation of the origins of the multiyear probe of whether his 2016 campaign colluded with Russia. The...
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A deepening trade war between the world's two largest economies is bad news for the oil business.
Getty Images via CNN
May 23, 2019 - 4:15 pm
By Matt Egan, CNN Business (CNN) - - A deepening trade war between the world's two largest economies is bad news for the oil business. US oil prices plummeted nearly 6% to a 10-week low of $57.91 a barrel on Thursday as fears about the US-China trade standoff intensify in global financial markets...
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"Aladdin"
Disney via AP
May 23, 2019 - 11:59 am
LOS ANGELES (AP) — Rotten Tomatoes is taking another step to verify that users posting a rating of a movie have actually seen it. The review aggregator says Thursday that users who have purchased tickets on Fandango will get a verified badge next to their review, beginning with films out this...
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Hundreds of Amazon employees, groups of investors, and dozens of civil rights groups and academic researchers are upset that the online retailer is selling facial-recognition software to governments.
Shutterstock/CNN
May 22, 2019 - 5:33 pm
By Rachel Metz, CNN Business (CNN) -- Hundreds of Amazon employees, groups of investors, and dozens of civil rights groups and academic researchers are upset that the online retailer is selling facial-recognition software to governments. Yet on Wednesday, Amazon shareholders rejected a proposal...
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Tesla's new Navigate on Autopilot feature performs much worse than a typical human driver at things like changing lanes and passing and poses a serious safety risk, according to Consumer Reports.
Tesla via CNN
May 22, 2019 - 5:23 pm
By Peter Valdes-Dapena, CNN Business (CNN) - - Tesla's new Navigate on Autopilot feature performs much worse than a typical human driver at things like changing lanes and passing and poses a serious safety risk, according to Consumer Reports. "The system's role should be to help the driver, but the...
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Cadence restaurant co-owners
Hadas Kuznits/KYW Newsradio
Hadas Kuznits
May 22, 2019 - 3:47 pm
PHILADELPHIA (KYW Newsradio) — A small BYOB in Olde Kensington that has only been around since March 2018 has received a major accolade from Food & Wine magazine. Not only is Cadence the only Philadelphia restaurant on the magazine's 2019 list of Best New Restaurants , but it is also landed at...
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Borgata casino in Atlantic City
Wayne Parry/AP
May 22, 2019 - 1:11 pm
ATLANTIC CITY, N.J. (AP) — Atlantic City's Borgata casino is investing $12 million in a new sports betting and entertainment project. Casino officials tell The Associated Press it will open a sports bar and sports betting facility named Moneyline Bar & Book on June 29. The name is a reference...
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