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TikTok: Microsoft pauses talks on buying US arm - reports

A possible sale of Chinese-owned TikTok's US operations to Microsoft is reportedly on hold after Donald Trump vowed to ban the video-sharing app.
IFA consumer tech fair in Berlin

Huawei asks Germany not to shut it out of building...

Germany's three mobile operators are all customers of Huawei, which has had a presence in the country for 15 years.
NBC's Peacock officially enters streaming fight NBC's Peacock officially enters streaming fight

A tale of two streamers: Netflix hits a rough...

The new platform, which is relying on a three-tier pricing strategy, is hoping its premium ad-supported offering will help drive growth.
AP / Uber

Uber to acquire Postmates for $2.65 billion after...

Uber is absorbing Postmates in a deal worth $2.65 billion in stock.
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Zuckerberg: Advertisers will be back to Facebook...

As the ads boycott grows, Mark Zuckerberg shows no sign of backing down.
Tony Dejak/AP

LeBron James, Maverick Carter’s SpringHill Raises...

Main Street Advisors (MSA) acted as financial adviser to the SpringHill Co. for the financing round.
A trader walks across the partially reopened trading floor of the New York Stock Exchange last month. Picture: APSource:AP

​Wall Street plummets as fears return ​

Wall Street has plummeted as investors reacted to renewed fears of a pandemic resurgence, with the worst one-day drop since March 16.
Getty / Comcast is Wells Fargo's favorite cable stock.

Cord Cutting to Accelerate, But No "Doomsday" for...

Wells Fargo's Jennifer Fritzsche boosts her subscriber loss forecasts, while highlighting that the financial impact "is fairly limited" even in...
HBO Max

HBO Max Launches With Harry Potter Film Library

NBCU still has the rights to air the films on its linear channels.
Netflix will cancel inactive subscriptions. Picture: Alastair Pike / AFPSource:AFP

​Netflix to cancel inactive subscriptions ​

Netflix has been praised for its new policy of cancelling subscriptions that have been inactive for 12 months.
Established in 1918 with only a dozen cars, the global car rental giant had survived the Great Depression and numerous American recessions (AFP Photo/JUSTIN SULLIVAN)

Virus-hit Hertz declares bankruptcy in US and...

The chapter 11 filing follows that of another well-known American business, retailer J. Crew, and illustrates the extent of the damage to the economy...
Courtesy of France 24

China drops GDP goal as parliament opens amid...

China dropped its annual growth target for the first time on Friday and pledged more government spending as the COVID-19 pandemic hammers the world's...
An employee double checks the contents of a customer order before sealing the package for shipment at the Jet.com fulfillment center in Kansas City, Kansas. Daniel Acker | Bloomberg | Getty Images

Walmart winds down Jet.com four years after $3.3...

The company said Tuesday that it will discontinue the website.
APPLE / Stores will have fewer people and everyone will need to wear a face mask

Coronavirus: Apple shoppers required to wear masks

Apple is gradually reopening its US stores, following easing of lockdowns intended to slow the Covid-19 pandemic.
Illustration by CNN

What eating in a restaurant may look like during...

Get ready for culture shock: Ambiance at a favorite restaurant may be unrecognizable, at least in the beginning.
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Airbnb is laying off 25% of its employees

Prior to the layoffs, Airbnb had 7,500 employees, Chesky said. Airbnb will halt projects related to hotels, a transportation division and luxury...
Model Tyra Banks the Victoria's Secret fashion show Wednesday, Feb. 3, 1999 in New York. AP Photo/Mark Lennihan

The rise and fall of Victoria's Secret, America's...

Victoria's Secret is the largest lingerie retailer in the US and has been for several decades.
© Reuters / Michele Tantussi

Bezos ordered to testify in Congress, as Amazon...

Amazon CEO Jeff Bezos has been ordered to testify before Congress by the House Judiciary Committee, which has accused the corporation of lying about...
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US blacklists five Amazon foreign websites

Five of online retail giant Amazon’s foreign websites have been placed on a blacklist by the Trump administration.
Air France-KLM's first Airbus A350 during a ceremony at its headquarters in Colomiers, near Toulouse, France, September 27, 2019,. © Regis Duvignau, REUTERS

French government announces 'historic' €7 billion...

France said on Friday it was readying a "historic" package of multi-billion euro loans to help carmaker Renault and flag-carrier Air France through...
First on CNN Business: JPMorgan, Ruth's Chris accused of cheating small businesses out of emergency loans

First on CNN Business: JPMorgan, Ruth's Chris...

The forgivable loan program, a centerpiece of the $2 trillion stimulus package enacted by Congress, aims to keep small businesses and their workers...
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TikTok: Microsoft pauses talks on buying US arm - reports

TikTok: Microsoft pauses talks on buying US arm - reports

A possible sale of Chinese-owned TikTok's US operations to Microsoft is reportedly on hold after...

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