Business News, Today's Business News Headlines

Two of the world’s biggest companies, Microsoft Corporation (MSFT) and Amazon.com (AMZN), have locked horns again as Amazon’s cloud service AWS was awarded a $10 billion contract by the Pentagon. The contract, codenamed WildandStormy, was awarded to Amazon Web Services by the National Security Services (NSA). According to reports, Microsoft […]

Even as millions of monthly child tax credit payments go out, some parents are still confused how they work

New monthly child tax credit payments will be disbursed through the end of the year. For qualifying families, that is providing a financial boost to pay for necessities, according to a survey. Yet many parents are still confused whether or not they are eligible for the checks, and if they […]

U.S. Housing Starts Pull Back Sharply In July But Building Permits Jump

A report released by the Commerce Department on Wednesday showed a sharp pullback in new residential construction in the U.S. in the month of July. The Commerce Department said housing starts plunged by 7.0 percent to an annual rate of 1.534 million in July after jumping by 3.5 percent to […]

CVS Health Launches Virtual Primary Care

Managed healthcare company Aetna, Inc., a CVS Health company, has launched an innovative nationwide virtual primary healthcare solution. This solution called “Aetna Virtual Primary Care” enables virtual primary care experience and makes it easier for people to get the health services they need, anytime, anywhere. The solution is powered by […]

’20 Indian companies now account for over 90 per cent of profits’

‘The consolidation of the world’s fifth-largest economy in the hands of 15-20 corporate giants is a once-in-generation event, which we are focusing on.’ With the markets near their record highs, picking the right stock is essential to maximise the portfolio return. “Losing sleep on where share prices are on a […]

Shoppers spend less as U.S. cases of the delta Covid variant surge: CNBC After Hours

CNBC.com's MacKenzie Sigalos brings you the day's top business news headlines. On today's show, CNBC.com's big-box retail reporter Melissa Repko breaks down earnings from Walmart and Home Depot, and how the delta Covid variant could be slowing consumer spending. Plus, Ark Invest's Cathie Wood calls out Michael Burry of 'The […]

Six Children And One Adult Injured In Tesla Crash

Days after the US National Highway Traffic Safety Association lodged a probe against the autopilot of Tesla Inc (TSLA), a Model 3 variant crashed in a school in Southern England injuring six children and an adult in the process. One 8-year-old had to be airlifted to the nearby hospital after […]

Controversy surrounds Glencore’s stake in UK battery maker Britishvolt

Swiss-based mining outfit faces bribery investigations in the US and UK over its operations in DRC Last modified on Tue 17 Aug 2021 15.39 EDT Buying an electric vehicle may seem like the ethical choice but a campaign group has warned that Glencore’s investment in the sector could muddy the […]

This is what it's like to work in an Amazon warehouse

New York (CNN Business)The jobs that major chains in the United States are having the most trouble filling right now aren’t inside their stores ringing up customers and stocking shelves. They’re at their warehouses selecting items, packing boxes and loading trucks. Amazon (AMZN), Walmart (WMT), Dollar Tree (DLTR) and other […]

Asian Markets Mixed Amid Cautious Trade

Asian stock markets are trading mixed on Wednesday, following the mixed cues overnight from Wall Street, reflecting economic optimism following news that the US Senate approved a $1 trillion infrastructure bill. Traders also remained concerned about the rapid spread of the delta variant of the coronavirus in the region. Asian […]