Category Archives: CNN Business

Volkswagen made $12 billion in 2020 despite the pandemic

Volkswagen made $12 billion in 2020 despite the pandemic

Volkswagen is walking away from 2020 with a profit of more than $12 billion despite the coronavirus pandemic that torpedoed car sales and snarled manufacturing supply chains. The world’s largest automaker said in a statement on Friday that it expects operating profit of €10 billion ($12.2 billion) for 2020, a performance helped by a strong…MORE

Biden’s Covid plan has to work. The economy depends on it

Biden’s Covid plan has to work. The economy depends on it

The fate of the economic recovery is riding on President Joe Biden’s mission to speed up the lackluster rollout of coronavirus vaccines. While the development of vaccines happened faster than many had expected, distribution is lagging behind schedule, in part because of the chaotic presidential transition in the midst of the worst pandemic in a…MORE

Two tech stalwarts fail to impress Wall Street

Two tech stalwarts fail to impress Wall Street

Tech companies have been an investor favorite during the pandemic. But Wall Street is keeping its distance from two industry stalwarts after their latest earnings reports. Intel beat full-year revenue expectations, hauling in a record $77.9 billion last year and announcing that it would boost its quarterly dividend to reward shareholders. But investors still weren’t…MORE

Woman who made Bernie Sanders’ mittens says she has no more to sell

Woman who made Bernie Sanders’ mittens says she has no more to sell

The Vermont school teacher behind the cozy mittens worn by Senator Bernie Sanders during President Joe Biden’s inauguration on Wednesday said she’s been flooded with requests from people wanting to buy a pair. But they’re no longer for sale. “Thanks for all the interest in Bernie’s mittens!” Jen Ellis wrote on Twitter. “I’m so flattered…MORE

‘No Time to Die,’ the new James Bond film, is delayed once again

‘No Time to Die,’ the new James Bond film, is delayed once again

“No Time to Die,” the latest film in the James Bond series and one of the most anticipated movies of 2021, has been delayed again. The film, which stars Daniel Craig as the stylish spy, was set to open on April 2. But MGM announced on Thursday that it would push the action film to…MORE

Here’s how to buy bitcoin without all the risk of buying bitcoin

Here’s how to buy bitcoin without all the risk of buying bitcoin

Bitcoin is up more than 260% over the past 12 months — a stellar ride — yet owning the asset is fraught with risks including wild swings in cryptocurrency prices. But there are several ways for investors to get a piece of the bitcoin boom without investing directly in bitcoin. Several companies that are cashing…MORE

Exclusive: Trump advisor calls on Congress to approve Biden’s rescue plan

Exclusive: Trump advisor calls on Congress to approve Biden’s rescue plan

Former Trump economic adviser Kevin Hassett broadly supports President Joe Biden’s $1.9 trillion rescue package as a way to keep the coronavirus-ravaged economy afloat. “They’ve thrown a lot of stimulus at it,” Hassett told CNN Business on Thursday, “but I think we need to be risk averse.” The former Trump administration official fears that without…MORE

Volkswagen CEO joins Twitter and immediately trolls Tesla and Elon Musk

Volkswagen CEO joins Twitter and immediately trolls Tesla and Elon Musk

Volkswagen CEO Herbert Diess is new to Twitter, but he made a splash with his very first tweet — going after master troll and Tesla CEO Elon Musk. “Hello @Twitter! I’m here to make an impact with @VWGroup, especially on political issues,” Diess tweeted on Wednesday. “And, of course, to get some of your market…MORE

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