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Texas officials are investigating outrageous energy bills in storm price surge

Texas officials are investigating outrageous energy bills in storm price surge

New York (CNN Business)Dallas resident DeAndre Upshaw said it was "very shocking" when he opened his latest electricity bill."While I'm trying to get gas and groceries and make sure that my pipes don't explode, the last thing I'm thinking about is a $7,000 bill from my utility company," Upshaw told CNN's Fredricka Whitfield via Skype Saturday.As Texas struggles to recover that has killed dozens, some customers in Texas like Upshaw as a result of the recent snow storm. Texas' utility regulator, , said Saturday that it is investigating "the factors that combined with the devastating winter...

February 21, 2021
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4 ways Joe Biden plans to fix the economy

4 ways Joe Biden plans to fix the economy

New York (CNN Business)Joe Biden will be sworn in as president at noon Wednesday. During his campaign, he made sweeping promises to restore the economy and speed up the recovery from the pandemic. Here are some of the policies he plans to institute to get Americans back to work, boost the number of jobs, increase racial equity and raise taxes, with an aim of reopening the economy.Biden's plan for Day One, as detailed on , aims at getting the Covid-19 crisis under control. It calls for doubling the number of drive-thru testing sites around the nation, investing in at-home tests and hiring at...

January 12, 2021
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Nintendo is reviving one of its oldest handhelds from the '80s

Nintendo is reviving one of its oldest handhelds from the '80s

New York (CNN Business)Nintendo is , and it's reviving a yet another '80s relic. The Game & Watch portable console, first introduced in 1980 and produced until 1991, was responsible for putting Nintendo on the map. It was a far cry from the Nintendo of today, which regularly games, connects people online and uses augmented reality with toy cars.Game & Watch was a series of handheld games that Nintendo sold before the world fell in love with the Game Boy. Back then, the black-and-white Game & Watch only played a single game each.The new Game & Watch takes the shape of the...

November 13, 2020
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Microsoft earnings beat expectations, driven by video game sales and cloud demand | CNN Business

Microsoft earnings beat expectations, driven by video game sales and cloud demand | CNN Business

MarketsFeaturedFear & Greed IndexLatestBy and , CNN BusinessLink Copied!Ad Feedback — Microsoft reported a solid quarter as the pandemic drove demand for its cloud and video game businesses.The company on Tuesday in revenue for the three months ending in September, well above Wall Street analysts’ prediction of $35.8 billion.Revenue in Microsoft’s intelligent cloud segment reached $13 billion, up 20% from the year-ago period, including 48% year-over-year growth in Azure revenue. Personal computing revenue was up 6% to $11.85 billion, thanks to a boost from Xbox and...

October 12, 2020
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Covid-19 vaccine company under federal investigation after allegedly misrepresenting its role in government program Operation Warp Speed | CNN Business

Covid-19 vaccine company under federal investigation after allegedly misrepresenting its role in government program Operation Warp Speed | CNN Business

MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — California biotech company Vaxart, which is working on a Covid-19 vaccine, is under federal investigation and is being sued by a number of investors for allegedly exaggerating its involvement in the US government’s Operation Warp Speed program for developing Covid-19 vaccines and treatments.Vaxart stated in an October 14 that it’s being investigated by the SEC and federal prosecutors, and that it was served with a grand jury subpoena in July from the US District Court for the Northern District of...

October 13, 2020
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Microsoft's first Android phone and first foldable is coming in September

Microsoft's first Android phone and first foldable is coming in September

New York (CNN Business)Microsoft's first Android phone, Duo, is coming on September 10, the company . The . OK, let's just stop there for a second. What? That's about the same price as a tricked out iPhone 11 Max.Yes, it's expensive. No, people probably aren't going to rush out to buy it. But the price and phone make sense for a few reasons.First, it's a dual-screen device. Microsoft described the phone as "a major new form factor," in a blog post. It is essentially a folding tablet, which is also a phone. Each of the Surface Duo's two screens are 5.6-inch displays that combine into a...

October 3, 2019
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Discord, a quarantine tech darling, raises another $100 million | CNN Business

Discord, a quarantine tech darling, raises another $100 million | CNN Business

MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — One of the fastest growing communications apps is Discord, known primarily within the gaming community. If you ever talk to a gamer online, chances are you’ll talk on the voice chat platform that just raised another $100 million in funding, led by Index Ventures and existing investors.Discord was launched in 2015 in a beta testing phase and quickly attracted gamers who favored Discord’s relative reliability, its anonymity and focus on voice over video unlike platforms like Skype.Discord allows...

May 7, 2020
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Boeing terminates $4.2 billion deal with Embraer

Boeing terminates $4.2 billion deal with Embraer

New York (CNN Business)Boeing has terminated its $4.2 billion deal with Brazilian aircraft maker Embraer, the American company announced Saturday. The deal would have given Boeing a bigger stake in the market for smaller jets and help the company develop .Embraer responded Saturday in a press release that it will "pursue all remedies against Boeing for the damages incurred." It called Boeing's decision a wrongful termination. In its press release, The Brazilian company made reference to the that have cost the aircraft maker at least $18.7 billion. Embraer said the company was manufacturing...

November 8, 2018
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