WeWork sues SoftBank for bailing on $3 billion share buyout agreed to in October

Hong Kong (CNN Business)WeWork is suing SoftBank for abandoning a $3 billion share buyout and accusing the Japanese company of inventing reasons to back out of the plan, as financial pressure mounts and the Covid-19 pandemic worsens. The tender offer…

Chinese billionaire who criticized Xi Jinping over coronavirus under investigation

Beijing (CNN)A Chinese billionaire who criticized President Xi Jinping’s handling of the coronavirus epidemic has been placed under investigation, Beijing authorities said in a brief statement Tuesday. Ren Zhiqiang, a retired real-estate tycoon with close ties to senior Chinese officials,…

Right-wing media suggests coronavirus death toll is inflated, despite experts saying the opposite

New York (CNN Business)A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Some of the biggest names in right-wing media are questioning the official Covid-19 death toll. Indeed, they’re…

South Korea listened to the experts

Dr. Terence Kealey is an adjunct scholar at the Cato Institute and a professor of clinical biochemistry at the University of Buckingham in the United Kingdom, where he served as vice chancellor until 2014. The opinions expressed in this commentary…

China lifts 76-day lockdown on Wuhan, as city reemerges from coronavirus crisis

(CNN)China has ended its lockdown of Wuhan, the original epicenter of the coronavirus crisis, as the city reemerges from a deadly outbreak that is now raging across the globe. But even as Wuhan reopens its borders after 76 days, some…

US stock futures fall after markets finished down Tuesday

New York (CNN Business)US stock futures were down after-hours Tuesday, following a day when US stocks lost steam into the close and finished lower after a hot start to the trading day. Dow (INDU) futures dropped 33 points, or around…

Jack Dorsey sets aside $1 billion for charity. His initial focus: coronavirus relief efforts

San Francisco (CNN Business)Twitter co-founder and CEO Jack Dorsey says he’s dedicating more than a quarter of his wealth to a new fund for charitable causes, with the immediate focus on coronavirus relief efforts. Dorsey will transfer $1 billion of…

Sony unveils its new PlayStation 5 controller, the DualSense

New York (CNN Business)Sony revealed more details about its new PlayStation 5 controller on Tuesday and said that it’s starting to ship the controller to game developers. That means game developers can think about how to use the new controller’s…

Verizon stops in-home internet repairs and installations except for emergencies

New York (CNN Business)Verizon is cutting back on in-home technician visits for internet service installations and repairs to slow the spread of coronavirus. “To reduce the spread of Covid-19 and keep our employees and customers safe, we are making every…

Trump could tariff foreign oil. That won’t end the industry’s crisis

New York (CNN Business)The drama playing out in the oil market is not short on oversized characters. But Vladimir Putin and MBS could soon have to make room for a new player: Tariff Man. President Donald Trump, who proudly calls…