By Matt McFarland, CNN Business Tesla has issued a second recall in a week’s time, in this case due to a chime that would not always sound if a driver’s seat belt was unbuckled. The faulty seat belt chime impacted 817,143 vehicles, including Model S, X, 3 and Y vehicle from the 2021 and 2022
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By Kathryn Vasel and Jeanne Sahadi, CNN So much is working in favor of job seekers who want to wrangle a better position with better pay and better benefits these days. Even still, it’s rarely a seamless or stress-free process. Quitting your job is always a big deal and requires good planning and smart thinking
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By Sara Ashley O’Brien, CNN Business Last year, an improbable organizing effort among Amazon warehouse workers in a central Alabama suburb led to a high-profile push to create what would have been the first US union in Amazon’s history. While the vote indicated the union push had failed, the results were thrown out. Now workers
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By Anneken Tappe, CNN Business America’s jobs recovery got an unexpected boost in January despite the Omicron variant spreading rapidly throughout the country. The economy added 467,000 jobs last month, the Bureau of Labor Statistics said Friday, significantly better than most economists had expected. Restaurants and bars added more than 100,000 jobs. Positions in retail,
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By Julia Horowitz, CNN Business Amazon and Facebook’s Meta are two of the market’s biggest players. Both have come under pressure during a recent sell-off in tech stocks. But this morning, the direction of these companies and their stocks couldn’t look more different. What’s happening: Facebook’s earnings report triggered a 26% collapse in its stock
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By Tami Luhby, CNN Business Lots of workers are getting raises, but for many, the pay hikes won’t buy them more at the grocery store or car dealership. In fact, wages are behind where they were when the pandemic began, if you take rising prices into account. Inflation-adjusted wages, which have been falling steadily since
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By Allison Morrow, CNN Business The Labor Department’s monthly jobs report can be hard to interpret, especially as Covid has blown up analysts’ models that measure the economy. But the January report, released Friday, is one to pay attention to. The headline result — 467,000 jobs added last month — came in far better than
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By Anna Cooban and Charles Riley, CNN Business Rotterdam is considering a request to dismantle part of a historic bridge to allow a yacht reportedly owned by Amazon founder Jeff Bezos to leave the shipyard where it is being built. The Dutch city has received a request from a local shipbuilder to remove the central
Continue Reading By Anna Cooban and Charles Riley, CNN Business Rotterdam is considering a request to dismantle part of a historic bridge to allow a yacht reportedly owned by Amazon founder Jeff Bezos to leave the shipyard where it is being built. The Dutch city has received a request from a local shipbuilder to remove the central
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By Diksha Madhok, CNN Business The historic collapse in Meta’s shares this week has wiped $31 billion off Mark Zuckerberg’s personal wealth, taking him down three places on Bloomberg’s list of the world’s richest people. He now stands in 10th place on the Bloomberg Billionaires Index, behind Oracle co-founder Larry Ellison and just a few
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By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. There are signs of TV news turmoil in every direction right now. Whoopi Goldberg is sitting on the bench at ABC. Rachel Maddow is starting a hiatus from her top-rated
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By Sonia Moghe, CNN After a delay of more than a week due to the plaintiff’s having tested positive for Covid, attorneys finally gave opening statements in former Alaska Governor Sarah Palin’s defamation lawsuit against The New York Times on Thursday. The lawsuit centers around an editorial that the Times published in June 2017, shortly
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By Brian Stelter, CNN Business On January 25 Jeff Zucker and Allison Gollust arrived together at CNN’s New York office for a very important meeting. On the agenda: An hours-long presentation of the new CNN+ streaming service for Zucker’s boss, WarnerMedia CEO Jason Kilar. The discussions and hands-on demonstrations were a success. Kilar flew back
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By Hannah Ritchie and Jill Disis, CNN Business Billionaire mining magnate Andrew Forrest is taking legal action against Facebook in Australia after he claims the company failed to remove scam advertisements that used his image. Facebook was “criminally reckless” because it did not take “sufficient steps to stop criminals from using its social media platform
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by Chris Isidore, CNN Business Ford reported an unexpected drop in its fourth quarter earnings, rather than the improved results expected by Wall Street, but the company promised it sees a better 2022 ahead. The company reported income excluding special items of $1.1 billion, down from $1.4 billion on that same basis a year ago.
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By Jennifer Korn MacKenzie Scott has donated $133.5 million to educational nonprofit Communities in School, an organization that helps students navigate issues inside and outside of the classroom. The billionaire philanthropist’s donation is the largest unsolicited gift in the program’s history. Communities in School works in 2,900 schools in America, supporting students at risk of
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By Clare Duffy, CNN Business Amazon is raising the price of its annual Prime subscriptions from $119 to $139 per year in the United States, the company announced along with its earnings report Thursday. The price of a monthly subscription will also increase from $12.99 to $14.99. The company said it is increasing the price
Continue Reading By Clare Duffy, CNN Business Amazon is raising the price of its annual Prime subscriptions from $119 to $139 per year in the United States, the company announced along with its earnings report Thursday. The price of a monthly subscription will also increase from $12.99 to $14.99. The company said it is increasing the price
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By Matt McFarland, CNN Business Kaylen Barker, a Black woman who worked at a Tesla manufacturing plant, filed a lawsuit this week in California claiming that the automaker tolerates “rampant acts of racism” in its factories. Barker’s lawsuit describes a series of escalating racist encounters in 2021 that the automaker allegedly ignored until a coworker
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By Matt Egan, CNN Business US oil prices jumped above $90 a barrel on Thursday for the first time in more than seven years. The latest rally comes just a day after OPEC and its allies declined to aggressively ramp up production to cool off red-hot energy prices. Crude jumped 2.2% to $90.15 a barrel
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