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Tencent has a major gaming problem

The crackdown on online gaming in China is hurting Tencent. The Chinese tech conglomerate said that its net income for the three months that ended in June was 17.9 billion yuan ($2.6 billion), a…

Goldman Sachs says it’s advising Tesla

Goldman Sachs says it's acting as a financial adviser to Tesla. Elon Musk said Monday on Twitter that he is working with Goldman (GS) and the investment firm Silver Lake on his proposal to take Tesla…

Macy’s momentum may be starting to slow

Macy's same store sales weren't good enough to keep its momentum going. The department store has been one of the hottest stocks on Wall Street lately. Its shares have more than doubled in the past 12…

Macy’s momentum may be starting to slow

Macy's same store sales weren't good enough to keep its momentum going. The department store has been one of the hottest stocks on Wall Street lately. Its shares have more than doubled in the past 12…

Kroger’s next battleground: China

Kroger is making another big push into online groceries, this time by opening a digital business in China. America's largest grocery chain said Tuesday that it will start selling its Simple…

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Uber cuts its losses, and revenue soars 63%

Uber's financial picture improved in the second quarter: Its revenue jumped and its losses narrowed. According to a copy of Uber's latest results, viewed by CNNMoney, Uber's quarterly revenue was $2.8 billion, up 63% over last year. The…

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