Money
Tech promises to make your life better. Does it?
Over a month after this year’s virtual CES tech trade show, touting new and conceptual products of the future, I was left wondering whether…
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Walmart just boosted pay to $15. It’s not what you think
Walmart announced pay bumps Thursday that will bring its average hourly wage to over $15 an hour. But the move still falls short of the $15 minimum…
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Grocery store workers have been on the front lines for a year, but they’re struggling to get the Covid vaccine
Grocery store workers in the United States have been stocking shelves, handling customers and keeping stores tidy in challenging and sometimes…
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How China is devastating Australia’s billion-dollar wine industry
South Australian winemaker Jarrad White spent almost a decade building his business in China. Then, in a matter of months, it all fell apart. It had…
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Accenture to hire 150 moms for ‘highly coveted roles’
One of the largest consulting companies in the world is making a major commitment — to moms. Accenture will hire 150 mothers for positions at…
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Jobless claims jump: Another 861,000 Americas filed for initial benefits last week
Another 861,000 workers filed for unemployment benefits for the first time last week, according to seasonally adjusted data released Thursday from…
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Here’s what we can learn from the Gamestop craze
The mania that drove the recent GameStop stock rally should remind all investors of the need to stay diversified. It’s simply not wise to put…
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Maersk has found a way to clean up shipping but there’s a catch
Maersk says it will launch the world’s first carbon neutral cargo ship in 2023, as efforts to clean up one of the planet’s worst…
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‘Sort this out’: Facebook’s chaotic news ban in Australia blocks pages for fire services, charities and politicians
Fire and emergency services. Domestic violence charities. State health agencies. Facebook’s sudden and dramatic decision to block people from…
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Facebook blocks users in Australia from finding or sharing news
People in Australia can no longer find news on Facebook. Facebook said Wednesday that people and publishers in Australia cannot share and view news…
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Facebook’s chaotic news ban in Australia blocks pages for fire services, charities and politicians
Fire and emergency services. Domestic violence charities. State health agencies. Facebook’s sudden and dramatic decision to block people from…
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Here’s why publishers, lawmakers, and tech execs are all monitoring Facebook’s Australian blockade
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. The eyes of the news…
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The man who created President Donald Trump
When the news broke last October that Donald Trump had been diagnosed with Covid-19, legendary conservative talk radio host Rush Limbaugh immediately…
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Facebook won’t let users in Australia share news
People in Australia can no longer find news on Facebook. Facebook said Wednesday that people and publishers in Australia cannot share and view news…
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Winter storm continues to hammer businesses
The brutal winter storm in the United States is disrupting business across a range of industries, including many sectors that are still trying to…
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The phony blame game on Texas weather
The winter storms and Arctic deep freeze that have blanketed the West, Midwest and South are still threatening lives and spreading misery,…
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Ford is investing $1 billion in Germany as it goes electric in Europe
Ford is spending $1 billion to modernize a plant in Germany as part of a plan to sell only electric passenger cars in Europe by 2030. The factory in…
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How Robinhood ended up in Washington’s crosshairs
This was supposed to be the year Robinhood turned the page on its troubles and launched a massive IPO. And then GameStop mania happened. Robinhood…
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Nigerian women form #AnkaraArmy to celebrate new WTO boss, Ngozi Okonjo-Iweala.
Nigerians are recreating the distinctive signature style of new World Trade Organization boss Ngozi Okonjo-Iweala to celebrate…
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Fight over Rush Limbaugh’s true legacy began immediately after his death
Reactions to Rush Limbaugh’s death immediately devolved into arguments on social media on Wednesday — reflecting the fact that Limbaugh…
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Black franchise owner sues McDonald’s for alleged race discrimination
A Black McDonald’s franchise operator has filed a lawsuit against the company, alleging that it steered him toward less profitable restaurants…
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Sorry, America: China is now Europe’s biggest trading partner for goods
Europe is now trading more goods with China than the United States, a sign of how the pandemic is transforming the global economy. Data released this…
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Mattress Mack opens Gallery Furniture as shelter during winter storm
Click here for updates on this story HOUSTON, TX (KTRK) — He came in clutch during Hurricane Harvey, and now, Jim…
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Applebee’s launches virtual restaurant for chicken wings
Applebee’s is launching a new online-only brand. The main menu item? Cheeto-flavored wings. Customers can start ordering from Cosmic Wings,…
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Google Maps will now let you pay for parking and transit without leaving the app
Google Maps can already tell you which train to take or map out an optimal driving route. Now, it’s simplifying travel even more by letting…
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Rush Limbaugh, conservative media icon, dead at 70 following battle with cancer
Rush Limbaugh, the conservative media icon who for decades used his perch as the king of talk-radio to shape the politics of both the Republican…
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Amazon just teased 3 new products. They may never hit the market
Amazon announced three new Alexa-enabled products on Wednesday: a smart sticky note printer, nutrition scale and cuckoo clock. But there’s a…
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Hedge fund Alden Global is buying newspaper chain Tribune Publishing
Hedge fund Alden Global Capital will acquire the rest of what it does not already own of Tribune Publishing, owner of the Chicago Tribune, the New…
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McLaren’s new hybrid supercar has computer chips in its tires
McLaren unveiled the Artura on Tuesday, a new hybrid supercar that is, relatively speaking, much more affordable than the British company’s…
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Wendy’s is heating up the chicken sandwich wars with this new item
Wendy’s is heating up the fried chicken sandwich wars — quite literally this time. The newest entrant into the poultry clash is a Jalapeño…
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Watch the Trump Plaza Hotel and Casino get demolished
The Trump Plaza Hotel and Casino in Atlantic City has been demolished, ending a nearly 40-year run at the New Jersey shore. Trump Plaza opened in…
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Tribune journalists react to the ‘gut punch’ announcement of hedge fund acquisition
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. “Gut…
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Chinese drone company EHang’s shares plunged 63% after fraud claim
Investors have been dumping shares in Chinese drone maker EHang, after a short-seller accused the US-listed company of fraud. Shares of the…
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Congress is about to grill Robinhood’s CEO. What questions do you have?
On Thursday, the US House Financial Services Committee will grill the chief executives of Robinhood and other companies involved in last…
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New York Attorney General sues Amazon, alleging ‘deficient’ Covid-19 response
New York is taking Amazon to court over claims that the company has failed to provide sufficient protections for its workers during the Covid-19…
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The Trump Plaza Hotel and Casino just got demolished
The Trump Plaza Hotel and Casino in Atlantic City has been demolished, ending a nearly 40-year run at the New Jersey shore. Trump Plaza opened in…
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Chinese drone company EHang shares plunged 63% after fraud claim
Investors are dumping shares in Chinese drone maker EHang, after a short-seller accused the US-listed company of fraud. Shares of the Nasdaq-listed…
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Applebee’s thinks it knows the way to your heart: Cheeto-flavored wings
Applebee’s is launching a new online-only brand. The main menu item? Cheeto-flavored wings. Customers can start ordering from Cosmic Wings,…
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The curious story behind the pandemic’s weirdest chart
Americans are spending less on their credit cards since the pandemic started. But, unlike other economic data points that are inching towards…
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US retail sales jump 5.3% in January
Retail sales increased sharply last month, the Commerce Department said Wednesday, beating economists’ expectations and marking their first…
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Citibank can’t get back $500 million it wired by mistake, judge rules
After committing one of the “biggest blunders in banking history,” Citibank won’t be allowed to recover the almost half a billion…
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Brianna Keilar joins ‘New Day,’ three anchors move to afternoons in CNN schedule revamp
CNN is making a series of programming changes in April, starting with a move to the mornings by Brianna Keilar. The new schedule was announced on…
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Why families stuck inside together just text each other all day
Early in the pandemic, Jane Cox Childress brought her teenage son warm cookies at his desk during a remote learning session. She received a text…
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What does Warren Buffett see in Chevron?
Many investors are increasingly hesitant to hold shares of oil and gas companies as a global energy transition gathers steam. Not Warren Buffett.…
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Burger King will replace its chicken sandwich as competition grows fierce
Burger King doesn’t want to come out a loser in fast food’s chicken sandwich wars. So it’s planning an upgrade. The chain said…
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Nestlé is selling its Poland Spring, Deer Park and Arrowhead bottled water brands
Nestlé will sell its North American bottled water business, including Poland Spring, Deer Park, Ozarka and Arrowhead, in a $4.3 billion deal as it…
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Jeff Bezos overtakes Elon Musk to become the world’s richest person again
Jeff Bezos has reclaimed his title of world’s richest person, ending Elon Musk’s roughly six-week reign atop the list. Musk lost about…
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Warren Buffett sells JPMorgan Chase stock and buys Verizon
It appears that Warren Buffett is souring on the financial sector’s prospects, and that the Oracle of Omaha also has a newfound interest in Big…
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Deep freeze sends Texas electricity prices soaring 10,000%
Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here.…
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Texas produces more power than any other state. Here’s why it went dark anyway
Even mighty Texas, the energy powerhouse of America, is feeling the wrath of Mother Nature. A deep freeze this week in the Lone Star state, which…
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Sony faces class action lawsuit over alleged PS5 controller defect
Sony’s PlayStation 5 has been hugely popular — and hard for consumers to get their hands on — since it was released last fall. But not…
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Marriott CEO Arne Sorenson has died after pancreatic cancer fight
Marriott International’s president and CEO Arne Sorenson died Monday following a nearly two-year battle with pancreatic cancer, the hotel chain…
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SpaceX launches another batch of Starlink satellites, but misses rocket landing
SpaceX delivered its 19th large batch of Starlink internet satellites into orbit on Monday evening, but in a rare misstep, the first-stage rocket…
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Ford shuts F-150 plant as winter storm creates natural gas shortage
Ford is shutting its Kansas City assembly plant, which makes its best-selling F-150 pickup, because of a shortage of natural gas caused by severe…
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China’s box office is having a better Lunar New Year than before Covid
Chinese cinemas are back in business and selling even more tickets than before the pandemic. Local box office takings over the start of the Lunar New…
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Nestlé’s newest KitKat is missing a key ingredient
Breaking off a piece of that vegan KitKat bar is now a reality. Nestlé is launching a non-dairy version of the popular candy bar, called KitKat V.…
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McDonald’s is selling chicken hoodies for $5
At this point, there’s nothing particularly special about a fast food chain announcing a new fried chicken sandwich. So, McDonald’s is…
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Adidas is selling Reebok to focus on its own brand
Adidas says it will offload struggling US fitness brand Reebok as part of a strategic overhaul. The German sportswear company said in a statement on…
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Parler comes back online one month after going dark
Parler, the social network favored by conservatives, came back online Monday with a redesigned website one month after it was suspended by Amazon Web…
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Bitcoin soars past $50,000 for the first time
Bitcoin topped $50,000 Tuesday, continuing a stunning rise that has sent it soaring about $20,000 this year. The digital currency hit a record…
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GoDaddy CEO: The second round of PPP loans will help the smallest businesses. But more needs to be done
When the federal government announced the Payroll Protection Program a few months after the pandemic began in 2020, many microbusiness owners —…
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Border delays could force Germany’s car plants to close
The carmakers at the heart of Germany’s huge manufacturing industry are facing a new threat: border checks that could delay crucial parts…
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Goldman Sachs’ investment advice is no longer just for the super rich
Move over, Robinhood, here comes Goldman Sachs. The prestigious investment bank, known mainly for advising the affluent how to manage their money and…
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What savers do with $2.4 trillion will define the recovery
Wall Street is expecting the economy to come roaring back to life in the second half of this year. But there’s one crucial question: Are…
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‘Town halls are back:’ CNN prepares to host a Tuesday night event with President Biden
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. “We’re…
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Elon Musk invites Vladimir Putin for a conversation on Clubhouse
Elon Musk wants to have a conversation with Vladimir Putin on his new favorite social media app: Clubhouse. On Saturday, the Tesla CEO tagged the…
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The Justice League Snyder Cut trailer is here. It’s crucial to HBO Max’s success
HBO Max will feature many big movies this year — all of Warner Bros.’ 2021 film slate, in fact. However, one of the biggest movies hitting…
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US oil rises above $60 as Texas gets pummeled with ice and snow
Oil is back, thanks to a strange brew of vaccines, economic optimism and a wintry mix in the Deep South. A rare bout of winter weather in Texas…
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Corporate America can’t avoid one question. It’s Tesla’s fault
Tesla’s $1.5 billion investment in bitcoin has helped legitimize the cryptocurrency as an investment, leading analysts and traders to ask which…
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French workers can now eat lunch at their desks without breaking the law
Many French workers can now eat at their desks without breaking the law. To help curb the spread of Covid-19, the country has suspended a…
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Want solid returns you can depend on? Here are stocks we love
People are obsessed lately with trying to find a way to get rich quick through short-term trades. Just look at bitcoin, GameStop or cannabis stocks.…
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‘Super Mario’ saved the euro. Fixing Italy’s economy may be a bigger challenge
Mario Draghi, Italy’s new prime minister, is no stranger to high-stakes jobs. In 2012, the former European Central Bank chief won international…
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Nikkei hits 30-year high as Japan’s economy bounces back better than expected
Japan’s main stock index soared to its highest level in more than three decades on Monday as investors cheered signs of a rebound for the…
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Inside the battle between the BBC and China
China banned BBC World News from airing in the country, according to a statement China’s National Radio and Television Administration released…
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Volkswagen CEO: I’m not scared of Apple
Volkswagen’s CEO Herbert Diess isn’t intimidated by Apple, even though the tech company potentially has an electric car on the way.…
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‘We don’t see a clear exit strategy.’ The travel industry is still getting crushed
When the coronavirus pandemic erupted in early 2020, the ensuing border closures and stay-at-home orders brought travel and tourism to its knees.…
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Burger King is testing a rewards program. Here’s why restaurants love them
Burger King is the latest fast-food chain to establish a rewards program aimed at expanding its customer base and enticing existing patrons to be…
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Sorry, millennials. The 😂 emoji isn’t cool anymore
Bad news for people who frequently use the 😂 emoji: It is no longer cool. In recent weeks, two internet-savvy generations have been clashing in…
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Europe’s richest man is joining the SPAC craze
Bernard Arnault, the chairman of luxury goods group LVMH, is the latest billionaire to embrace Wall Street’s hot new way to raise money.…
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With Biden going big, Wall Street economists are growing bullish on the US economy
The Covid-ravaged American economy was on the verge of slipping into a double-dip recession at the end of 2020. The pandemic was intensifying,…
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Bitcoin soars, nearing $50,000 for the first time
Bitcoin is this close to $50,000, continuing a stunning rise that has sent it soaring nearly $20,000 this year. The digital currency hit a record…
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GM unveils its next ‘big’ electric vehicle: The tiny Bolt EUV
Last month, General Motors announced the “aspiration” to switch completely from traditional gas-powered cars to electric vehicles by…
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The long, bumpy road to the Apple Car
For such a secretive company, Apple’s car efforts have been in plain sight for years. The headlines have been steady: prominent auto industry…
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The hardship beat: Why it’s essential for reporters to expose income inequality heightened by Covid-19
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Trump’s second…
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$1,500 gift boxes and romantic poetry: Restaurants are getting creative for Valentine’s Day
Andrew Markert used to serve carefully plated Valentine’s Day specials to couples at his Washington, DC restaurant, Beuchert’s Saloon.…
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BBC News banned in China, one week after CGTN’s license withdrawn in the UK
In an apparent tit-for-tat move, BBC World News has been banned from airing in China, according to a statement from China’s National Radio and…
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Fox News is moving further to the right
Fox News has amped up its highly charged rhetoric in the post-Trump era, focusing on bashing the left and President Joe Biden. With Donald Trump out…
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‘SNL’ takes on Trump’s impeachment acquittal
The Senate acquitted former President Donald Trump in his second impeachment trial Saturday, and “Saturday Night Live” made sure to…
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White House deputy press secretary resigns after threatening reporter over story about him
White House deputy press secretary TJ Ducklo, who threatened a reporter who asked about his relationship with another reporter, has resigned.…
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He says Fidelity wouldn’t let him sell during Reddit mayhem, costing him $830,000
Robinhood is in hot water for banning investors from buying GameStop during part of last month’s Reddit-driven market mayhem. And now Fidelity…
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Chipmakers urge Biden administration to invest in US manufacturing
The Biden administration and the semiconductor industry appear to be moving closer to creating a plan aimed at bolstering domestic chipmaking. The…
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Targeting Big Tech, Maryland becomes first state to tax digital advertising
Maryland became the first state in the country on Friday to impose a tax on digital advertising, as the state’s senate voted to override a…
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White House suspends deputy press secretary for one week for threatening reporter over story about him
White House press secretary Jen Psaki said Friday that one of her deputies, TJ Ducklo, had been suspended for one week without pay after a Vanity…
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Jack Dorsey and Jay Z announce bitcoin fund as cryptocurrency goes mainstream
Bitcoin’s big week got bigger with an announcement from rapper Jay Z and Twitter CEO Jack Dorsey that the pair are establishing a bitcoin…
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Elon Musk, the world’s richest man, is about to get a whole lot richer
For a CEO who receives no salary, Elon Musk’s 2020 payday reached sky-high levels. He received four grants to buy 8.4 million Tesla shares in…
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Meet the British digital bank trying to conquer America
Revolut is on a mission to build a global digital bank. The British company is already one of Europe’s biggest fintechs. Now Revolut is setting…
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KPMG’s UK boss resigns after telling staff not to ‘sit there and moan’ about the pandemic
The UK chairman of accounting firm KPMG is resigning after he told staff in a meeting to stop complaining about the pandemic and said that there was…
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Amazon wages legal battle with New York attorney general over pandemic safety response
Amazon is waging a legal battle with New York’s attorney general over the company’s Covid-19 protections for workers, filing a federal…
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