business news

Volkswagen VOW VWAGY 2022 annual meeting EV updates

A technician fixes a VW sign in the assembly line of German carmaker Volkswagen's electric ID. 3 car in Dresden, Germany, June 8, 2021.Matthias Rietschel | ReutersVolkswagen said several of its battery-electric models, including the Porsche Taycan, are already...

How the stock market ‘fear index’ works

The volatility index, also known as the VIX, essentially takes a reading of the stock market's blood pressure, measuring investors' fear.The VIX can spike when investor concerns are heightened by events like the raising of interest rates by the...

Starbucks, Volvo test EV charging network at coffee giant’s stores

Volvo will install as many as 60 Volvo-branded, ChargePoint DC fast chargers at up to 15 Starbucks locations along a 1,350-mile route from the Denver area to the coffee company's Seattle headquarters.VolvoDETROIT – Volvo Cars and Starbucks are partnering...

Airlines raise revenue outlook as travel demand jumps, fuel costs on the rise

American Airlines planes at LaGuardia AirportLeslie Josephs | CNBCTravel demand has bounced back faster than expected this year, airlines said Tuesday, a welcome trend for an industry battered by Covid and a sign that carriers will be able to...

VW and Goldman Sachs-backed Northvolt plans German gigafactory

A lithium-ion prismatic cell battery from Northvolt, photographed on Feb. 17, 2022.Mikael Sjoberg | Bloomberg | Getty ImagesNorthvolt said Tuesday it would look to build a gigafactory in Germany, with the firm hoping the facility's first batteries will be...

Single-family rent sets record, led by homes in Florida and Arizona

A house for rent in Corona Del Mar, California.Scott Mlyn | CNBCDemand for single-family rental homes is soaring, pushing prices to record highs, as Americans begin to emerge from two years of pandemic hardship and return to big cities.Single-family...

Airlines, Coupa Software, GitLab and more

Take a look at some of the biggest movers in the premarket:Delta Air Lines (DAL), United Airlines (UAL), Southwest Airlines (LUV) – Delta rallied 3.7% in the premarket while United jumped 3.9% and Southwest added 2.9%. All three airlines...

Treasury yields fall with focus on Russia-Ukraine war

U.S. Treasury yields fell on Tuesday morning, but the 10-year rate held above 2.10%.The yield on the benchmark 10-year Treasury note moved 3 basis points lower to 2.1046% at 5:25 a.m. ET. The yield on the 30-year Treasury bond...

Tesla hikes car prices in the U.S., China after Musk inflation warning

Tesla CEO Elon Musk speaks at a delivery ceremony for Tesla China-made Model 3 in Shanghai, east China, Jan. 7, 2020.Ding Ting | Xinhua News Agency | Getty ImagesTesla has hiked the prices of its electric vehicles in the...

Leaders of NATO countries discuss plans to meet in Brussels next week, officials say

A view of a meeting of the North Atlantic Council (NAC) at the level of Foreign Ministers gather at the NATO Headquarters in Brussels, March 4, 2022.Olivier Douliery | ReutersThe heads of state representing NATO's 30 member countries are...
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The Fall of the ‘Sun King’ of French TV, and the Myth of Seduction

Patrick Poivre d’Arvor, known as a great seducer, has been accused by more than 20 women of rape, sexual assault and harassment in France’s belated #MeToo reckoning.
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