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Hedge fund known for cutting journalism jobs is seeking to buy more newspapers

November 22, 2021 11:39 AM CNN Newsource

By Kerry Flynn, CNN Business Alden Global Capital, a hedge fund known for gutting local newsrooms, is seeking to buy Lee Enterprises, a publicly…

Amazon founder Jeff Bezos is donating $100 million to the Obama Foundation in honor of Congressman John Lewis.

Jeff Bezos donates $100 million to Obama foundation in honor of John Lewis

November 22, 2021 10:30 AM CNN Newsource

By Reuters Amazon founder Jeff Bezos is donating $100 million to the Obama Foundation in honor of Congressman John Lewis, a hero of the U.S. civil…

Target said Monday that it will close all of its stores on Thanksgiving every year from 2021 on.

Target says it will never open on Thanksgiving again

November 22, 2021 10:29 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Say goodbye to Target runs on Thanksgiving. Target said Monday that it will close all of its stores on…

Drive-thrus are all screwed up. Here’s what it’ll take to fix them

November 22, 2021 10:14 AM CNN Newsource

Late this summer, drive-thru times slowed by about 26 seconds compared to last year, according to a study. That may not seem like much — but in the…

Here’s why gas is so cheap at Costco and Walmart

November 22, 2021 10:13 AM CNN Newsource

Gas prices are skyrocketing, and Americans want to save at the pump. That plays right into the hands of Costco, BJ’s Wholesale Club and Sam’s…

Jerome Powell was oringally tapped to lead the central bank by President Donald Trump. But Trump soon became one of his harshest critics.

Jerome Powell’s first term was among the most controversial of any Fed chairman

November 22, 2021 9:38 AM CNN Newsource

By Chris Isidore, CNN Business Jerome Powell’s tenure leading the Federal Reserve has been among the most tumultuous in the central…

US home sales on track for the best year since 2006

November 22, 2021 8:26 AM CNN Newsource

By Anna Bahney Despite low inventory and rising prices, home sales inched higher in October, marking a second straight month of growth, according to…

Why Jay Powell’s second Fed term could be even tougher than his first

November 22, 2021 8:04 AM CNN

By Julia Horowitz, CNN Business The news moves fast. Yesterday, we looked at whether President Joe Biden would reappoint Federal Reserve Chair Jerome…

Biden to nominate Jerome Powell as Federal Reserve chairman

November 22, 2021 7:38 AM CNN Newsource

By Kaitlan Collins, Kate Sullivan, Betsy Klein and Matt Egan, CNN President Joe Biden on Monday formally announced his intent to nominate Jerome…

Wall Street opened in the green on Monday amid the news that President Joe Biden intends to nominate Jerome Powell for a second term at the helm of the Federal Reserve. Powell is shown here on September 30

Stock rally fizzles out despite relief over Powell’s second term at the Fed

November 22, 2021 7:33 AM CNN Newsource

By Anneken Tappe, CNN Business Wall Street approved of President Joe Biden’s intention to nominate Jerome Powell for a second term at the helm…

Jonah Goldberg and Stephen Hayes announced Sunday night that they have resigned from Fox.

Jonah Goldberg and Stephen Hayes resign from Fox News, protesting ‘irresponsible’ voices like Tucker Carlson

November 22, 2021 7:31 AM CNN

By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…

Few people in the world are more powerful than Jerome Powell

Could Fed Chair Jerome Powell be replaced?

November 22, 2021 6:10 AM CNN Newsource

By Julia Horowitz, CNN Business When it comes to influence over the global economy, few people in the world are more powerful than Jerome Powell,…

The Chinese government may be thinking about taking some aggressive steps to address slowing growth

China may have to juice its economy soon as ‘stagflation’ risk rises

November 22, 2021 1:59 AM CNN Newsource

By Laura He, CNN Business A Chinese central official has warned that stagflation could weigh on an already struggling economy next year. It’s…

Jonah Goldberg and Stephen Hayes resign from Fox News, protesting ‘irresponsible’ voices like Tucker Carlson

November 21, 2021 8:09 PM CNN Newsource

By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…

Jonah Goldberg and Stephen Hayes resign from Fox News, protesting ‘irresponsible’ voices like Tucker Carlson

November 21, 2021 8:09 PM CNN

By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…

The fiancée of murdered journalist Jamal Khashoggi wrote an open letter published by the Washington Post calling for Justin Bieber

Justin Bieber called on to cancel Saudi Arabia concert by slain journalist’s fiancée

November 21, 2021 2:17 PM CNN Newsource

By Ramishah Maruf, CNN Business The fiancée of murdered journalist Jamal Khashoggi wrote an open letter published by the Washington Post calling for…

What began as a Pulitzer Prize-winning New York Times Magazine cover story

Nikole Hannah-Jones: Anti-CRT coverage is a ‘propaganda campaign’

November 21, 2021 12:41 PM CNN

By Ramishah Maruf, CNN Business What began as a Pulitzer Prize-winning New York Times Magazine cover story, the 1619 Project has now produced two…

Nikole Hannah-Jones: Anti-CRT coverage is a ‘propaganda campaign’

November 21, 2021 12:41 PM CNN Newsource

By Ramishah Maruf, CNN Business What began as a Pulitzer Prize-winning New York Times Magazine cover story, the 1619 Project has now produced two…

‘Ghostbusters: Afterlife’ scares up a solid opening at the box office

November 21, 2021 9:55 AM CNN Newsource

By Frank Pallotta, CNN Business In 1984, “Ghostbusters” became one of the most popular comedies in film history. Now, nearly four decades…

‘SNL’ has Judge Jeanine go over the Kyle Rittenhouse verdict and a chat with Donald Trump

November 21, 2021 8:05 AM CNN

By Frank Pallotta, CNN Business There was a lot of news to cover from this week, and “Saturday Night Live” had its Judge Jeanine take it…

Here’s why Gen Z is unionizing

November 21, 2021 7:31 AM CNN Newsource

By Ramishah Maruf, CNN Business Even among the generally youthful demographic of Starbucks workers unionizing in Buffalo, New York, 17-year-old Maya…

Cars line up at a McDonald's drive-thru on April 22

Drive-thrus are all screwed up. Here’s what it’ll take to fix them

November 21, 2021 7:06 AM CNN

By Danielle Wiener-Bronner, CNN Business Late this summer, drive-thru times slowed by about 26 seconds compared to last year, according to a study.…

Drive-thrus are all screwed up. Here’s what it’ll take to fix them

November 21, 2021 7:06 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business Late this summer, drive-thru times slowed by about 26 seconds compared to last year, according to a study.…

As stores prepare for the peak of the most important season for retailers

How hoarding saved Black Friday

November 21, 2021 6:56 AM CNN Newsource

By Julia Horowitz, CNN Business For months, there have been warnings to shoppers: Get through your holiday to-do list early. Wait until Black Friday…

‘SNL’ has Judge Jeanine go over the Kyle Rittenhouse verdict and a chat with Donald Trump

November 20, 2021 10:29 PM CNN Newsource

By Frank Pallotta, CNN Business There was a lot of news to cover from this week, and “Saturday Night Live” had its Judge Jeanine take it…

She died from a snakebite. But the real killer was her husband

November 20, 2021 4:57 PM CNN Newsource

By Rhea Mogul and Esha Mitra, CNN Uthra’s mother found her daughter lying motionless in bed at the family home, her left arm dotted with blood.…

Fox’s Tucker Carlson gets exclusive access to Kyle Rittenhouse and his defense team during trial

November 20, 2021 12:20 PM CNN Newsource

By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for it free…

Fox’s Tucker Carlson gets exclusive access to Kyle Rittenhouse and his defense team during trial

November 20, 2021 12:20 PM CNN

By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for it free…

CVS got a lift from administering Covid-19 vaccines and tests

CVS had every advantage, but it lost the pandemic. Here’s what happened

November 20, 2021 12:10 PM CNN Newsource

By Nathaniel Meyersohn, CNN Business CVS’ announcement Thursday that it will close 900 stores over the next three years — around 10% of its…

Subway co-founder Peter Buck, who turned $1,000 into a billion, dies

November 20, 2021 11:53 AM CNN Newsource

By Ramishah Maruf, CNN Business Subway co-founder Peter Buck, who turned his initial investment of $1,000 into more than a billion dollars, died…

A driver pumps gas at a gas station of Costco in San Leandro

Here’s why gas is so cheap at Costco and Walmart

November 20, 2021 7:17 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Gas prices are skyrocketing, and Americans want to save at the pump. That plays right into the hands of Costco,…

Twitter users reported getting a "500 server error" when trying to use the Tesla app

Phone glitch leaves some Tesla drivers locked out

November 19, 2021 5:06 PM CNN Newsource

One of the perks of owning a Tesla is using your smartphone as a key to open and drive your car. It does away with carrying a separate key fob in…

The Marriott hotel in Prague refused to host a conference in November aimed at drawing attention to alleged human rights abuses in China

Marriott rejected Uyghur conference to maintain ‘political neutrality’

November 19, 2021 4:09 PM CNN Newsource

By Matt Egan, CNN Business The Marriott hotel in Prague refused to host a conference this month aimed at drawing attention to alleged human rights…

Natalie Morales says goodbye to ‘Today’ after 22 years at NBC

November 19, 2021 3:50 PM CNN

By Kerry Flynn, CNN Business Natalie Morales said farewell on Friday to her viewers and colleagues on “Today” after 22 years at NBC.…

Natalie Morales says goodbye to ‘Today’ after 22 years at NBC

November 19, 2021 3:15 PM CNN Newsource

By Kerry Flynn, CNN Business Natalie Morales said farewell on Friday to her viewers and colleagues on “Today” after 22 years at NBC.…

WowWee launched its My Squishy Little Dumplings toys in July.

The supply chain is messing with the squishy golden dumpling everyone wants

November 19, 2021 11:03 AM CNN Newsource

By Parija Kavilanz, CNN Business An animated dumpling called “Dart,” with a shiny gold chrome body that pops out of its head when you…

The Hyundai concept SUV has lamps inside the doors.

Hyundai and Kia are going big with upcoming electric vehicles

November 19, 2021 10:45 AM CNN Newsource

By Peter Valdes-Dapena, CNN Business Hyundai and Kia look to be going big with their future electric SUVs. The South Korean automaker siblings both…

Peng Shuai of China serves to Hibino Nao of Japan during their women's singles first round match at the Australian Open tennis championship in Melbourne

WTA threat to quit China over Peng Shuai’s disappearance puts Porsche and SAP in a bind

November 19, 2021 10:22 AM CNN Newsource

By Walé Azeez, CNN Business The threat by the Women’s Tennis Association (WTA) to quit China after one of its stars, Peng Shuai, disappeared…

Marriott rejected Uyghur conference to maintain ‘political neutrality’

November 19, 2021 10:22 AM CNN

By Matt Egan, CNN Business The Marriott hotel in Prague refused to host a conference this month aimed at drawing attention to alleged human rights…

Westport's police department first purchased a Tesla Model 3 in 2019 and has seen significant savings.

Fleet operators want Teslas. But not ‘full self-driving’

November 19, 2021 9:40 AM CNN Newsource

By Matt McFarland, CNN Business Westport, Connecticut police chief Foti Koskinas would love it if his patrol cars could drive themselves, but his…

US crude tumbled as much as 3.5% on Friday

Oil selloff intensifies on Covid fears and risk of US-China intervention

November 19, 2021 9:25 AM CNN Newsource

By Matt Egan, CNN Business The oil market has gone from booming to busting, much to the relief of inflation-weary American drivers ahead of the…

Trevor (Finn Wolfhard) in Columbia Pictures' GHOSTBUSTERS: AFTERLIFE.

‘Ghostbusters: Afterlife’ hits theaters. Will audiences answer the call?

November 19, 2021 9:17 AM CNN Newsource

By Frank Pallotta, CNN Business In 1984, a film about three New York City owners of an unconventional startup took the country by storm, leading…

‘Ghostbusters: Afterlife’ hits theaters. Will audiences answer the call?

November 19, 2021 9:17 AM CNN

By Frank Pallotta, CNN Business In 1984, a film about three New York City owners of an unconventional startup took the country by storm, leading…

CVS' announcement of closing stores comes at a timely moment for Dollar General — exactly as Dollar General tries to "establish itself as a health destination."

CVS is closing 900 stores, and the big winner is Dollar General

November 19, 2021 8:27 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business CVS is heading in the wrong direction: Traditional pharmacies are on the decline, and America’s largest…

Democratic Senators Sheldon Whitehouse and Jeff Merkley on Friday came out against to keeping Jerome Powell at the helm of the Federal Reserve due to what they see as his insufficient response to the climate crisis. Powell is shown here on September 28

Two Senate Democrats urge Biden not to keep Jerome Powell at the helm of the Fed

November 19, 2021 7:03 AM CNN Newsource

By Matt Egan, CNN Business Democratic Senators Sheldon Whitehouse and Jeff Merkley on Friday came out against to keeping Jerome Powell at the helm of…

Macy's reported earnings and sales that topped forecasts Thursday morning and issued a bullish outlook for the holidays.

Macy’s stock, once left for dead, is roaring back to life

November 19, 2021 6:25 AM CNN Newsource

By Julia Horowitz, CNN Business In spring 2020, in the depths of coronavirus lockdowns, investors couldn’t dump Macy’s stock fast enough.…

How hoarding saved Black Friday

November 19, 2021 5:03 AM CNN

By Julia Horowitz, CNN Business For months, there have been warnings to shoppers: Get through your holiday to-do list early. Wait until Black Friday…

One week until Black Friday. Investors have already loaded up the shopping carts with retail stocks

November 19, 2021 5:03 AM CNN Newsource

By Paul R. La Monica, CNN Business It’s no secret that consumers love Amazon, Walmart and Target. But they are not the only retailers that…

Farmers gather to mark the first anniversary of their protests on the outskirts of Delhi

Indian farmers forced Modi to back down on new laws. So why aren’t they going home?

November 19, 2021 12:25 AM CNN

By Esha Mitra and Rhea Mogul CNN Santosh Singh’s earliest memory is of tilling soil on his family’s farm. Now, the 70-year-old…

Shares of Alibaba plummeted in Hong Kong on Friday after the tech giant warned of weaker growth this year as China's economy slows and Beijing continues its regulatory crackdown.

Alibaba shares plunge nearly 11% after warning of slower growth

November 18, 2021 10:59 PM CNN Newsource

By Laura He and Paul R. La Monica, CNN Business Shares of Alibaba plummeted in Hong Kong on Friday after the tech giant warned of weaker growth this…

David Muir hosted the International Press Freedom Awards ceremony Thursday night.

Press Freedom Awards ceremony stands up for journalists in ‘increasingly repressive world’

November 18, 2021 10:30 PM CNN Newsource

By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…

India's Prime Minister Narendra Modi speaks at the COP26 summit on November 2 in Glasgow

India’s Prime Minister Modi to repeal controversial farm laws following more than a year of protests

November 18, 2021 9:35 PM CNN Newsource

By Manveena Suri, Vedika Sud, Arpit Goel and Rhea Mogul, CNN India’s Prime Minister Narendra Modi said Friday he would repeal three contentious…

Sean O'Brien will be the next president of the 1.4-million member Teamsters union

Hoffa critic elected to succeed him as Teamster president

November 18, 2021 7:12 PM CNN Newsource

By Chris Isidore, CNN Business Sean O’Brien will be the next president of the 1.4-million member Teamsters union, succeeding James Hoffa, the…

The US Census Bureau released data showing that migration activity has fallen to its lowest rate in more than 70 years

The ‘Great Migration’ during Covid may not have actually happened

November 18, 2021 4:39 PM CNN Newsource

By Alicia Wallace, CNN Business The “Great Migration” may not be as pronounced as once thought. The US Census Bureau this week released…

Sweetgreen's stock nearly doubled in price mid-day on November 18

Shares of Sweetgreen soar following Wall Street debut

November 18, 2021 1:29 PM CNN Newsource

By Danielle Wiener-Bronner, CNN Business Wall Street is hungry for fancy salads. Sweetgreen’s stock nearly doubled in price mid-day Thursday,…

A group of cryptocurrency investors is pooling money to try to buy a rare copy of the United States Constitution

A group of crypto investors tried to buy a copy of the Constitution. It didn’t work out

November 18, 2021 10:33 AM CNN Newsource

By Paul R. La Monica, CNN Business A group of cryptocurrency investors took the notion “We the people” from the US Constitution to the…

We tried Tesla’s ‘full self-driving.’ Here’s what happened

November 18, 2021 10:32 AM CNN Newsource

By Matt McFarland, CNN Business When a dozen small children crossed in front of our Tesla with “full self-driving,” I had good reason to…

Phone glitch leaves some Tesla drivers locked out

November 18, 2021 10:32 AM CNN

One of the perks of owning a Tesla is using your smartphone as a key to open and drive your car. It does away with carrying a separate key fob in…

CVS Health is closing 900 stores over the next three years

CVS is closing 900 stores

November 18, 2021 8:42 AM CNN

CVS Health is closing 900 stores over the next three years, amounting to nearly 10% of its footprint, in response to the changing of “consumer buying…

This holiday shopping season is going to be tough. Here are 4 ways to keep from overspending

November 18, 2021 10:18 AM CNN Newsource

As supply chain disruptions continue to impact businesses around the globe, consumers could have a tough time holiday shopping this year — whether…

A family shops for toys at a Target store on October 25

How to find lower prices and avoid empty shelves during the holiday shopping rush

November 18, 2021 10:12 AM CNN Newsource

By now, everyone knows about supply chain chaos and rising inflation that are disrupting the holiday shopping season. The Grinch is loose this…

CVS is closing 900 stores

November 18, 2021 9:48 AM CNN

By Jordan Valinsky, CNN Business CVS Health is closing 900 stores over the next three years, amounting to nearly 10% of its footprint, in response to…

Nearly a dozen Congressional Democrats are urging President Joe Biden to combat high gas prices by not only releasing barrels from the US Strategic Petroleum Reserve but by banning US oil exports

Exclusive: House Democrats call for Biden to ban oil exports and tap emergency reserves

November 18, 2021 9:26 AM CNN

By Matt Egan, CNN Business Nearly a dozen Congressional Democrats are urging President Joe Biden to combat high gas prices by not only releasing…

Democratic Senator Elizabeth Warren wants federal regulators to investigate whether any laws were broken by the shell company that is facilitating former President Donald Trump's return to Wall Street. Warren is shown here on September 28

Trump SPAC must be investigated, Elizabeth Warren demands

November 18, 2021 9:20 AM CNN Newsource

By Matt Egan, CNN Business Democratic Senator Elizabeth Warren wants federal regulators to investigate whether any laws were broken by the shell…

A worker roasts coffee beans at a facility in Caconde

Inflation is coming for your cup of coffee next

November 18, 2021 9:16 AM CNN Newsource

By Matt Egan, CNN Business Not even coffee is immune to the powerful forces of extreme weather and inflation. Coffee futures climbed on Thursday to…

CVS is closing 900 stores

November 18, 2021 8:30 AM CNN Newsource

By Jordan Valinsky, CNN Business CVS Health is closing 900 stores over the next three years, amounting to nearly 10% of its footprint, in response to…