By Nicole Goodkind, CNN Business Americans gained a new federal holiday last year: Juneteenth. This year the holiday, which commemorates of the end of slavery in the United States, falls on Sunday but it will be observed in many places on Monday, June 20. Given that this long summer weekend also coincides with Father’s Day,
Continue Reading By Nicole Goodkind, CNN Business The price of bitcoin breached $19,000 and ethereum fell below $1,000 Saturday morning, extending the brutal crypto bear market to new lows. Bitcoin plunged nearly 10% in less than 24 hours, adding to a series of sustained losses over the last several months. It now sits below $20,000 for the
Continue Reading By Parija Kavilanz, CNN Business In 2020, when the pandemic brought all nonessential travel to a grinding halt, Ami and Jason Richter had to think fast. They were running a flourishing business called Lug that sold fun travel bags and accessories and had a growing legion of fans, which included Oprah. But as travel bans
Continue Reading By Nathaniel Meyersohn, CNN Business Most Americans facing record gas prices cringe when they fill up their tanks. But not people in New Jersey and Oregon. They’re not allowed to touch the gas nozzle. Seriously. In New Jersey, it’s been illegal for drivers to pump their own gas since 1949. A ban on self-service gas
Continue Reading By Zoe Sottile, CNN Cheese-lovers can now wear their favorite dairy product on their fingertips, thanks to Velveeta and British nail polish brand Nails Inc. A limited-edition set of two cheese-scented polishes will cost cheese fanatics $15 on the Nails Inc. website. It includes two shades: “Finger Food,” a bright red, and “La Dolce Velveeta,”
Continue Reading By Frank Pallotta, CNN Business Vince McMahon is in the middle of a corporate firestorm, but he still opened the company’s wrestling telecast “Smackdown” on Friday. “Mr. McMahon,” the executive’s in-ring persona, kept things short. “It’s a privilege as always to stand before you here tonight,” McMahon said to the crowd in Minneapolis, Minnesota. McMahon
Continue Reading By Frank Pallotta, CNN Business Vince McMahon is in the middle of a corporate firestorm, but he still opened the company’s wrestling telecast “Smackdown” on Friday. “Mr. McMahon,” the executive’s in-ring persona, kept things short. “It’s a privilege as always to stand before you here tonight,” McMahon said to the crowd in Minneapolis, Minnesota. McMahon
Continue Reading By Gregory Wallace and Brian Fung, CNN Mobile phone carriers have agreed to another delay in rolling out some 5G service to prevent interference with airplane technology, the Federal Aviation Administration said Friday. The FAA said the delay, for an additional year, will allow more time for the permanent fix: replacing or filtering the devices
Continue Reading By Alicia Wallace, CNN Business American workers have seen their wages climb faster than at any time since the mid-1980s. But inflation has risen so fast that workers have actually been handed a pay cut instead. Every time inflation ticks up, it takes a bite out of workers’ pay and chews away at their bank
Continue Reading By Anna Bahney, CNN Business Millions of people struggled to pay their rent during the pandemic. But that hardship fell disproportionately on renters of color, those living with children and people renting in the South, according to an exclusive new report from the Center on Budget and Policy Priorities. The number of renters that fell
Continue Reading By Kathryn Vasel, CNN Business Getting face time with your boss is an important part of progressing in your career, so you need to make the most of one-on-one meetings — particularly if you’re working remotely. “These conversations aren’t just about tasks and accomplishing stuff, it’s also an opportunity for you to connect with your
Continue Reading By Kathryn Vasel, CNN Business Getting face time with your boss is an important part of progressing in your career, so you need to make the most of one-on-one meetings — particularly if you’re working remotely. “These conversations aren’t just about tasks and accomplishing stuff, it’s also an opportunity for you to connect with your
Continue Reading By Jordan Valinsky, CNN Business WWE boss Vince McMahon has agreed to step back from his responsibilities as chairman and CEO while the wrestling company’s board investigates him for alleged misconduct. In the meantime, his daughter Stephanie McMahon, will serve as interim CEO and interim chairwoman, WWE said in a statement Friday. McMahon won’t completely
Continue Reading By Megan Marples, CNN Your phone rings in the background as you log on to your third video meeting of the morning. A colleague walks up to your desk to discuss next week’s agenda and invites you to an in-person meeting later that day. Your boss — who works in another state — messages you
Continue Reading By Allison Morrow, CNN Business Two years ago, when the pandemic ushered in the sharpest economic downturn on record, it sparked a tidal wave of layoffs. The subsequent recession was painful but mercifully short — technically, it lasted only two months. Since then, the economy has come roaring back. Unemployment in the US is near
Continue Reading By Brian Stelter, CNN Business President Biden has given very few interviews this year. That fact makes his half-hour sit-down with Associated Press White House reporter Josh Boak all the more newsworthy. Thankfully The AP published the transcript in its entirety. Here are nine insights from the Oval Office interview: >> Biden’s recognition that gas
Continue Reading By Oliver Darcy, CNN Business USA Today on Thursday said that it had removed 23 stories from its website after an internal investigation found that one of its journalists had apparently “fabricated” quotes in her stories. “After receiving an external correction request, USA Today audited the reporting work of Gabriela Miranda,” said an editor’s note
Continue Reading By Parija Kavilanz, CNN Business Horses, cows, goats, pigs and sheep have food and grooming needs, too, and Petco is stepping up to deliver its products and services to their owners. Petco announced Thursday it is launching a new, smaller store concept that’s specifically designed to meet the needs of both pets and farm animals
Continue Reading By Chris Isidore, CNN Business There’s not a lot that Joe Biden, Congress or the Federal Reserve can do to bring down the record high gas prices. High gas prices themselves might do the job for them. That’s because big swings in prices of a good or service are typically caused by an imbalance between
Continue Reading By Paul R. La Monica, CNN Business Uber CEO Dara Khosrowshahi said at a Bloomberg event earlier this month that he thinks the ridesharing and food delivery giant is “recession resistant.” That may or may not be true, but Wall Street clearly disagrees. Uber’s stock has lost more than half its value this year. But
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