Business

AMD is buying a rival chipmaker for $35 billion

New York (CNN Business)The coronavirus pandemic has forever changed the microchip industry, kicking its consolidation into high-gear as people rely…

Microsoft beats quarterly revenue estimates, shares rise

(Reuters) - Microsoft Corp MSFT.O beat Wall Street estimates for quarterly revenue on Tuesday,…

Chinese investment in Australia plummets 61%

Chinese investment in Australia plummeted 61% in 2020, the lowest number in six years.

The drop in investment comes amid a growing diplomatic…

GameStop surges again as Reddit crashes temporarily

Shares in GameStop surged on Wednesday in what could mark a return to frenzied trading that rocked markets last month.

Trading in the US games…

Why Apple, Sephora and Nordstrom are jumping on this trend to pull in shoppers

New York (CNN Business)As the pandemic drags on, big chains like Target and Nordstrom are looking for ways to keep consumers coming back to their stores.

Retailers pay more to fly everything from bikes to hot tubs from China as backup at U.S.

A ship with 197 containers of Peloton bikes and merchandise circled at anchor just outside…

Saks Fifth Avenue owner spins e-commerce site into separate business

HBC, the owner of Saks Fifth Avenue, said Friday it would be spinning the luxury department store’s website into a separate business from its stores…

Brexit leaves London fighting for its future as Europe poaches business

London (CNN Business)London has been the unrivaled king of European finance for more than three decades. Brexit is starting to change that.

Billions…