Dr. Scott Gottlieb told CNBC on Thursday the current spike in Covid infections due to the highly contagious delta variant may be over sooner than many experts believe. "There's going to be a peak sometime probably around late August, early September," the former FDA chief said. However, he urged Americans […]

New York (CNN Business)General Motors will stop making most of its full-size pickup trucks for a week starting Monday. It’s another sign that the auto industry continues to struggle with the year-long global computer chip shortage. Large pickups and SUVs are automakers’ best-selling and most profitable vehicles. GM and other […]

The U.S. Consumer Product Safety Commission has filed a lawsuit against online retail giant Amazon.com (AMZN) to force the retailer to accept responsibility for recalling potentially hazardous products sold on its platform. “Today’s vote to file an administrative complaint against Amazon was a huge step forward for this small agency,” […]

Hong Kong/Tokyo (CNN Business)One of Japan’s most prominent business leaders says the Olympics are losing their commercial value. Suntory CEO Takeshi Niinami told CNN Business on Monday that his company decided against being a sponsor of the upcoming Tokyo Games, saying it was “too expensive.” “We thought of being an […]

Netflix execs drilled down on the streamer’s newest push, games, calling it a part of the service just like any other from kids’ fare to unscripted to local language. “It’s not a separate product. We are a one-product company,” said co-CEO Ted Sarandos. He and others from the company’s executive […]

The future of space innovation will be controlled by corporations, ex-NASA Administrator Jim Bridenstine told CNBC on Tuesday. Bridenstine's remarks came as Blue Origin launched its first crewed spaceflight Tuesday morning, with its founder, Jeff Bezos, on board. "Space is really big. We're only just now scratching the surface of it," Bridenstine […]

UPDATE 06:22AM PT: Bezos is back. The billionaire’s craft has successfully touched down in the Texas desert after what appeared to be a seamless 10-minute journey. Bezos was seen giving a thumbs up to Blue Origin workers who drove out to retrieve him and his fellow passengers, which included his […]

Over the past six months, sell-side analysts have raised their second-quarter EPS growth projections by more than 50 basis points, according to Factset data aggregated by Bank of America's European equity quant strategy team. In terms of sectors, analyst consensus has autos, retail and resources showing the strongest earnings growth […]

Israel-based software firm The NSO group-owned spyware Pegasus has raised havoc across the globe, after the software is reported to have collected data from about 50 thousand smartphones, including those of activists, journalists, business executives, and politicians around the world. According to reports, numbers of Indian cabinet ministers, scientists, high-ranking […]

New York (CNN Business)The pandemic sparked recession ended in April 2020 after just two months, according to the National Bureau of Economic Research. That makes the most recent US economic downturn the shortest on record. Before the pandemic, the shortest recession was in the 1980s, lasting six months. Last year, […]