Business

The Foxconn logo is displayed on a Foxconn building in Taipei on January 31, 2019. Sam Yeh | AFP | Getty Images For a new venture with little revenue, Foxconn‘s nascent automotive business is off to a big start this year, inking partnerships to develop new electric cars with Chinese start-up Byton and Hong Kong-based

A photo taken in the late hours of May 29, 2020 shows a sign of the World Health Organization (WHO) at their headquarters in Geneva amid the COVID-19 outbreak, caused by the novel coronavirus. Fabrice Coffirni | AFP | Getty Images President-elect Joe Biden has tapped Dr. Anthony Fauci to lead a U.S. delegation at

Belk department store John Greim | LightRocket | Getty Images KKR, Blackstone and other major lenders to Belk are in talks with the North Carolina-based department store chain to keep it out of bankruptcy, according to a Wall Street Journal report. The company, its lenders and the private-equity firm Sycamore Partners are inching closer toward

President Joe Biden signs executive orders in the Oval Office of the White House in Washington, after his inauguration as the 46th President of the United States, U.S., January 20, 2021. Tom Brenner | Reuters President Joe Biden signed an executive order to rejoin the U.S. into the Paris climate agreement on Wednesday, his first major

Bottles of Tide detergent, a Procter & Gamble product, are displayed for sale in a pharmacy on July 30, 2020 in Los Angeles, California. Mario Tama | Getty Images Procter & Gamble is expected to announce its fiscal second-quarter earnings before the bell Wednesday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings

BlueNalu’s whole-muscle, cell-based yellowtail amberjack. Source: BlueNalu First, it was lab-grown chicken. Now, it’s seafood. San Diego-based food startup BlueNalu said Tuesday that it raised $60 million in convertible note financing, as it prepares for a possible market launch later this year. “This recent financing will allow us to continue advancing our mission and the

Jamillah Ali (L) and Nadia Ali, both of Nevada, carry snacks as they head to an auditorium to see the movie “Star Wars: Episode V – The Empire Strikes Back” at AMC Town Square 18 on August 20, 2020 in Las Vegas, Nevada. Ethan Miller | Getty Images Entertainment | Getty Images In a normal

Tesla CEO Elon Musk speaks at an opening ceremony for Tesla China-made Model Y program in Shanghai on Jan. 7. Aly Song | Reuters Tesla has reportedly started delivering locally-produced Model Y crossovers in China, marking another milestone for the electric carmaker in the world’s largest vehicle market. Deliveries of the China-produced crossover began Monday,

Healthcare workers administer the COVID-19 vaccine to residents living in the Jackson Heights neighborhood at St. Johns Missionary Baptist Church on January 10, 2021 in Tampa, Florida. Octavio Jones | Getty Images LONDON — The head of the World Health Organization said Monday the equitable distribution of coronavirus vaccines is at “serious risk.” Warning of

Will Smith and Martin Lawrence star in “Bad Boys For Life.” Sony The studio with the highest box office haul in 2020 was one that delayed most of its film slate to 2021. After combing data from Comscore, Sony emerged as the top earner in a year marred by a global pandemic. The studio represented

Jen Van Santvoord rides her Peloton exercise bike at her home on April 07, 2020 in San Anselmo, California. Ezra Shaw | Getty Images When Joe Biden moves into the White House, he may have to leave part of his workout routine behind. The president-elect’s Peloton could be seen by the Secret Service as a

Employees store coffins, some marked with “infection risk” as others have “corona” scrawled in chalk, in the mourning hall of the crematorium in Meissen, eastern Germany, on January 13, 2021, amid the new coronavirus COVID-19 pandemic. cremation. Jens Schlueter | AFP | Getty Images The World Health Organization said Friday that coronavirus vaccines aren’t “silver

Justin Timberlake speaks during the Pepsi Super Bowl LII Halftime Show press conference February 1, 2018 in Minneapolis, Minnesota. Timothy A. Clary | AFP | Getty Images Coca-Cola and PepsiCo will not be promoting their namesake sodas with Super Bowl commercials this year. The decadeslong rivalry between the two cola brands is often put front

President-elect Joe Biden plans to use FEMA and the National Guard to build coronavirus vaccine clinics across the United States, according to new details of his Covid-19 vaccination plan released by his transition team on Friday. The Biden administration will also “quickly jumpstart” efforts to make the vaccines available at local pharmacies across the U.S.,

Elizabeth Olsen and Paul Bettany star as Wanda Maximoff and Vision in Marvel’s “WandaVision.” Disney “WandaVision,” Marvel’s first scripted series for Disney+, arrives on Friday, kicking off a stacked slate of interconnected superhero content. This new show centers around Wanda Maximoff (Elizabeth Olsen) and Vision (Paul Bettany), characters from the Marvel Cinematic Universe, who fell

Boxes containing the Moderna COVID-19 vaccine are prepared to be shipped at the McKesson distribution center in Olive Branch, Mississippi, U.S. December 20, 2020. Paul Sancya | Reuters The Biden administration’s plan to release nearly every available dose of Pfizer and Moderna’s coronavirus vaccines to states shouldn’t cause any supply issues down the road, a

A person walks into the Nordstrom store open for business as New York City moves into Phase 2 of re-opening following restrictions imposed to curb the coronavirus pandemic on June 29, 2020 in New York, New York. Rob Kim | Getty Images Nordstrom on Wednesday reported a sales decline of 22% for the nine-week period

Moderna CEO Stephane Bancel Steven Ferdman | Getty Images The CEO of Covid-19 vaccine maker Moderna warned Wednesday that the coronavirus that has brought world economies to a standstill and overwhelmed hospitals will be around “forever.” Public health officials and infectious disease experts have said there is a high likelihood that Covid-19 will become an

Shoppers are seen wearing masks while shopping at a Walmart store in Bradford, Pennsylvania, July 20, 2020. Brendan McDermid | Reuters Walmart Chief Customer Officer Janey Whiteside said Tuesday that many of its shoppers don’t expect the economy to quickly bounce back from the pandemic. Almost half of customers surveyed in November told Walmart that

Shoppers with their Urban Outfitters shopping bags in Soho in New York Richard Levine | Corbis | Getty Images Urban Outfitters shares tumbled Tuesday after the apparel retailer reported disappointing holiday sales and announced its current chief executive is set to depart at the end of the month. Its stock dropped about 11% in after-hours

A nurse prepares a syringe with the COVID-19 Moderna vaccine for a worker of the New York City Fire Department Bureau of Emergency Medical Services (FDNY EMS), amid the coronavirus disease (COVID-19) pandemic in New York, December 23, 2020. Carlo Allegri | Reuters Moderna doesn’t expect to have clinical trial data on its coronavirus vaccine

Cars drive past a Walmart store in Washington, DC, on August 18, 2020. Nicholas Kamm | AFP | Getty Images Walmart said Monday that it’s creating a fintech start-up with Ribbit Capital, one of the investment firms behind Robinhood. The big-box retailer did not share the name of the new company or say when its

Moviegoers wear face masks in a screening hall at a cinema almost six months after its closure due to the coronavirus pandemic on July 24, 2020 in Beijing, China. China News Service | China News Service | Getty Images In a year marred by a deadly global pandemic, Japan’s box office set a new record.

Store signs from CVS, Rite Aid and Walgreens stores. Getty Images CVS Health, Walgreens and Rite Aid are getting ready to administer Covid vaccinations in the months ahead, and this effort will give the three largest drugstore chains a chance to show off the work that’s been underway to revamp their businesses and respond to

U.S. President-elect Joe Biden speaks as he announces his Justice Department nominees at his transition headquarters in Wilmington, Delaware, U.S., January 7, 2020. Kevin Lemarque | Reuters President-elect Joe Biden plans to release more doses of the Covid vaccines once he takes office, breaking from the Trump administration’s policy of holding reserve doses to ensure

The new logo for General Motors is only its fifth major redesign since the autoamker was founded more than 110 years ago. Source: GM General Motors is changing its corporate logo as it launches a new marketing strategy focused on all-electric vehicles. It is only the fifth time the Detroit automaker has conducted a major

General manager of Covid Recovery, Becky Board, prepares to administer the first Pfizer-BioNTech COVID-19 vaccine in London to patient George Dyer, 90, at Croydon University Hospital, at the start of the largest ever immunisation programme in the UK’s history on December 8, 2020 in London, United Kingdom. Dan Charity | Getty Images The coronavirus is

Healthcare workers prepare Pfizer coronavirus disease (COVID-19) vaccinations in Los Angeles, California, January 7, 2021. Lucy Nicholson | Reuters The White House coronavirus task force said there could be a new variant of the virus that evolved in the U.S. and is driving spread, according to a document obtained by NBC News. The new variant,

Boeing agreed to pay more than $2.5 billion to settle criminal charges with the U.S. Justice Department, which accused the company of concealing information about its 737 Max airplane that was involved in two crashes that claimed 346 lives, federal prosecutors announced Thursday. Prosecutors said Boeing ”knowingly and willfully” conspired to defraud the United States by

Elon Musk, CEO of Tesla, stands on the construction site of the Tesla Gigafactory in Grünheide near Berlin, September 3, 2020. Patrick Pleul | picture alliance | Getty Images Elon Musk just became the richest person in the world, with a net worth of more than $185 billion. Thursday’s increase in Tesla’s share price pushed