Alexis Benveniste
Alexis Benveniste
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Bitcoin suffers flash crash following week of crypto hype

Bitcoin suffers flash crash following week of crypto hype

New York (CNN)After a hype-filled week for cryptocurrencies, Bitcoin experienced a flash crash over the weekend, plunging nearly 14% in less than an hour, from about $59,000 to $51,000, on Saturday night before rebounding. Other popular cryptocurrencies including ethereum and Dogecoin also fell dramatically, before recouping some of their losses. has skyrocketed in value this year as it gained more mainstream acceptance, but the sharp price fall this weekend seems to have been triggered by an unconfirmed Twitter rumor that the US Treasury was planning to crack down on money laundering...

December 2, 2020
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The realities of climate change are pushing big businesses to focus on sustainability | CNN Business

The realities of climate change are pushing big businesses to focus on sustainability | CNN Business

MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — A consensus appears to be taking root in Corporate America: What’s good for the environment can also be good for business.As President Joe Biden prepares to bring 40 world leaders together for a two-day climate summit this week, big businesses have been amplifying their sustainability initiatives and making trillion-dollar pledges to fight climate change. Meanwhile, consumers are increasingly concerned about business’ carbon footprints, and companies are feeling the pressure and urgency to...

April 15, 2021
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Domino's is launching a pizza delivery robot car

Domino's is launching a pizza delivery robot car

New York (CNN)The robots are coming, and they're bringing pizza. This week, Domino's is rolling out a robot car delivery service to select customers in Houston. For those who opt in, their pies will arrive in a fully autonomous vehicle made by Nuro. Here's how it works: Customers in the Woodland Heights neighborhood of Houston can choose robot delivery and receive texts with updates on the car's location and a numerical code that can be used to retrieve the order. Once the car arrives, the customer enters the number on the bot's touchscreen, and the car doors open up to serve the...

April 12, 2021
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Domino's is launching a pizza delivery robot car | CNN Business

Domino's is launching a pizza delivery robot car | CNN Business

MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — The robots are coming, and they’re bringing pizza.This week, Domino’s is rolling out a robot car delivery service to select customers in Houston. For those who opt in, their pies will arrive in a fully autonomous vehicle made by Nuro.Here’s how it works: Customers in the Woodland Heights neighborhood of Houston can choose robot delivery and receive texts with updates on the car’s location and a numerical code that can be used to retrieve the order. Once the car arrives, the customer enters the...

April 12, 2021
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Starbucks' experimental new cup costs extra, but it's worth it | CNN Business

Starbucks' experimental new cup costs extra, but it's worth it | CNN Business

MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — Starbucks is launching an experimental “borrow a cup” program at select locations in its hometown, Seattle.The program is part of Starbucks’ to make its cups more sustainable, and it will kick off as a two-month trial in five Seattle stores. Customers at those stores will have an option to receive their drinks in a cup they can use again.Here’s how it works: Customers will in a reusable cup and pay a $1 refundable deposit. When the customer is done with their drink, they return the cup and...

April 6, 2021
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Nickelodeon pulls virus-themed SpongeBob episode

Nickelodeon pulls virus-themed SpongeBob episode

New York (CNN)Nickelodeon is pulling a virus-themed episode of "SpongeBob SquarePants" because of "sensitivities" linking it to the coronavirus pandemic. The episode, "Kwarantined Crab," from the show's 12th season, centers on a virus storyline. "We have decided to not air it surrounding the global, real-world pandemic," a spokesperson for Nickelodeon told CNN Business. In the episode, a health inspector comes to the Krusty Krab and finds a case of the "Clam Flu" in the restaurant. Upon this discovery, the health inspector quarantines the patrons, and the characters grow anxious. Those who...

February 26, 2021
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Profit tumbled at Saudi Aramco, the world's biggest oil company

Profit tumbled at Saudi Aramco, the world's biggest oil company

New York (CNN Business)Saudi Aramco had a rough 2020, just like every other oil company. But Aramco isn't any ordinary oil company -- it's the world's biggest, and the pandemic's toll on its business had a decidedly adverse effect on the Saudi-owned business. The company announced Sunday that its net profit fell a whopping 44.4% to $49 billion in 2020. Dealt that significant blow, committed to spend less this year than it had anticipated: Aramco said it planned to spend about $35 billion in 2021 on capital expenditures, down sharply from its previous estimate of $40 billion to $45...

March 17, 2020
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Profit tumbled at Saudi Aramco, the world's biggest oil company

Profit tumbled at Saudi Aramco, the world's biggest oil company

New York (CNN Business)Saudi Aramco had a rough 2020, just like every other oil company. But Aramco isn't any ordinary oil company -- it's the world's biggest, and the pandemic's toll on its business had a decidedly adverse effect on the Saudi-owned business. The company announced Sunday that its net profit fell a whopping 44.4% to $49 billion in 2020. Dealt that significant blow, committed to spend less this year than it had anticipated: Aramco said it planned to spend about $35 billion in 2021 on capital expenditures, down sharply from its previous estimate of $40 billion to $45...

March 17, 2020
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Nearly 30,000 Macs reportedly infected with mysterious malware

Nearly 30,000 Macs reportedly infected with mysterious malware

AdvertisementNearly 30,000 Macs world-wide have been infected with mysterious malware, according to researchers at security firm .The malware, which the company calls Silver Sparrow, does not "exhibit the behaviors that we've come to expect from the usual adware that so often targets macOS systems," Tony Lambert, an intelligence analyst at Red Canary wrote.It's not clear what the malware's goal is. Silver Sparrow includes a self-destruct mechanism that appears to have not been used, researchers said. It's also unclear what would trigger that function.Notably, Silver Sparrow contains code...

February 21, 2021
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More than 170 business leaders sign letter urging Congress to accept Biden's win

More than 170 business leaders sign letter urging Congress to accept Biden's win

Stay Updated on Developing StoriesView in AppBy Alexis Benveniste, CNN BusinessNew York(CNN Business) More than 170 prominent signed a letter urging Congress to that declared Joe Biden as the next President of the United States."This presidential election has been decided and it is time for the country to move forward," the letter reads. "President-elect Joe Biden and Vice President-elect Kamala Harris have won ... There should be no further delay in the orderly transfer of power."The was published Monday by the nonprofit Partnership for New York...

January 5, 2021
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