By Jill Disis, CNN Business China is planning to tighten restrictions for Chinese companies that want to list overseas. And while Beijing won’t ban them from trading abroad altogether, life might be getting a lot tougher for firms hoping to score more foreign investment. China’s securities regulator proposed late Friday that any firm that wants
Continue ReadingBy Sara Ashley O’Brien, CNN Business Elizabeth Holmes’ fate in her criminal fraud trial will not be decided before Christmas as the jury failed to reach a verdict in its first week of deliberations. After more than 20 hours of deliberating across three days this week, the jury of eight men and four women concluded
Continue ReadingBy Chris Isidore, CNN Business Tesla reversed course Thursday and will no longer allow video games to be played on its cars’ touchscreens when they are in motion, bowing to an investigation of the feature by federal safety regulators. “Following the opening of a preliminary evaluation of Tesla’s ‘Passenger Play,’ Tesla informed the agency that
Continue ReadingCNN, CNN BUSINESS By Chris Isidore, CNN Business Tesla reversed course Thursday and will no longer allow video games to be played on its cars’ touchscreens when they are in motion, bowing to an investigation of the feature by federal safety regulators. “Following the opening of a preliminary evaluation of Tesla’s ‘Passenger Play,’ Tesla informed
Continue ReadingBy Rachel Metz, CNN Business For many, 2021 was a mix of hopeful and challenging, as covid vaccines became more widely available but the pandemic dragged on for another year. And while technology continued to keep us entertained and connected during the pandemic, it also made our lives harder. There were times this year when
Continue ReadingBy Laura He, CNN Business Tencent is dramatically cutting its stake in JD.com, China’s second largest e-commerce company, as it seeks to stay on the right side of Beijing, which has been cracking down on tech giants to rein in their growing power and influence. Tencent plans to distribute more than $16 billion worth of
Continue ReadingBy Clare Duffy, CNN Business One of the most closely-watched annual tech conferences, CES, is going ahead with plans to hold an in-person event in two weeks, even as a growing number of prominent technology companies are pulling the plug on their plans to attend in person amid a surge in Covid-19 cases. Amazon, Meta,
Continue ReadingCNN By Brian Fung, CNN AT&T and Verizon have agreed to postpone their planned rollouts of 5G infrastructure near airports by two weeks, averting — for now — feared widespread disruptions to air travel and shipping as well as a potential legal battle over the matter. Both carriers confirmed late Monday evening that they will
Continue ReadingBy Brian Fung, CNN Business From mask requirements to waived change fees, the pandemic has dramatically changed what it’s like to fly. But beginning early next year, even more changes could be coming to air travel — ones that have nothing to do with the coronavirus. These changes could lead to flight delays or diversions
Continue ReadingCNN, CNN BUSINESS CNN Business Staff Supply shortages are everywhere. New smartphones have been hit by shipping delays and video game consoles are almost impossible to find. But as we do each year, the staff at CNN Business is reflecting on the tech, services and apps that made a big impact on our everyday lives
Continue ReadingCNN Business Staff Supply shortages are everywhere. New smartphones have been hit by shipping delays and video game consoles are almost impossible to find. But as we do each year, the staff at CNN Business is reflecting on the tech, services and apps that made a big impact on our everyday lives in 2021 —
Continue ReadingBy Walé Azeez, CNN Business OnlyFans is getting a new CEO after a tumultuous year. Tim Stokely, the founder of OnlyFans, announced on Monday that he is stepping down as CEO of the video subscription company. In an Instagram post, Stokely said he is “moving on to new challenges” after five years at the helm
Continue ReadingBy Matt McFarland, CNN Business “Lord don’t let me die here. Don’t let me die like this. Not like this. I’d die any other way, but not like this.” Tim Ball, who delivered packages for Amazon until quitting this year, said he prayed the same prayer every time he walked up to a home that
Continue ReadingCNN By Diksha Madhok and CNN’s Beijing bureau Chinese live-stream shopping influencer Huang Wei, known as Viya, has been hit with a whopping $210 million penalty for tax evasion and kicked off social media. Viya — also known in China as the “live-streaming queen” — was ordered to pay 1.34 billion yuan in back taxes,
Continue ReadingBy Rachel Metz, CNN Business On a chilly December afternoon I played a heart-pounding game of laser tag, flew across town on a magical broom, killed zombies in an abandoned mall, and hung out with an old friend who lives roughly 2,000 miles away — all without leaving my home or, in fact, my living
Continue ReadingBy Diksha Madhok and CNN’s Beijing bureau Chinese live-stream shopping influencer Huang Wei, known as Viya, has been hit with a whopping $210 million penalty for tax evasion and kicked off social media. Viya — also known in China as the “live-streaming queen” — was ordered to pay 1.34 billion yuan in back taxes, late
Continue ReadingBy Sara Ashley O’Brien, CNN Business Elizabeth Holmes’ fate is now in the hands of a jury of eight men and four women. The jury is set to deliberate on Monday and is tasked with determining whether the onetime billionaire who claimed to have revolutionized blood testing knowingly misled investors, doctors, and patients about her
Continue ReadingBy Brian Fung, CNN Business The Federal Trade Commission says it’s considering drafting new rules for US businesses that would more strongly regulate how they can use data and algorithms, in the latest move to clamp down on technology companies run amok. The effort could lead to “market-wide requirements” targeting “harms that can result from
Continue ReadingCNN, CNNBUSINESS By Clare Duffy and Jennifer Korn, CNN A content moderator for TikTok is suing the social media platform after she says she developed psychological trauma as a result of her job, which she alleges required her to review videos featuring graphic violence, conspiracy theories and other disturbing imagery. Candie Frazier, a Las Vegas-based
Continue ReadingBy Brian Fung and Geneva Sands, CNN Business A vague and viral TikTok trend warning of nationwide school violence on Friday — which authorities have dismissed as not credible — has nevertheless prompted widespread school closures, stretched law enforcement resources and put families on edge ahead of a critical holiday travel season. A number of
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