By Anna Cooban and Chris Liakos, CNN Business Major international airlines have resumed normal service after a slew of cancellations on Wednesday over fears the rollout of 5G mobile networks in the United States would compromise safety. British Airways, Lufthansa, All Nippon, Japan Airlines and Emirates all announced cancellations or changes to flights to the
Continue Reading
By Chris Isidore, CNN Business Relief from record high auto prices could be coming soon. But that doesn’t mean those prices will go back to where they were before the pandemic. A shortage of necessary parts — primarily computer chips — limited production of new vehicles around the globe. That left car dealers short of
Continue Reading
By Frank Pallotta, CNN Business Netflix is set to report fourth-quarter earnings on Thursday. Typically, Wall Street’s eyes would be set squarely on the streamer’s subscriber growth. But this time, there’s something new for investors and industry observers to look at: Netflix’s sales projections after it raised its prices. The company boosted subscriber fees Friday,
Continue Reading
By Nathaniel Meyersohn, CNN Business Amazon has a new venture outside of e-commerce, cloud computing, content streaming, smart devices, Whole Foods, cashier-less technology or anything else you’ve come to associate with one of the most successful companies in American history. It’s a physical clothing store. Like, you know, a real brick-and-mortar space where you go
Continue Reading By Nathaniel Meyersohn, CNN Business Amazon has a new venture outside of e-commerce, cloud computing, content streaming, smart devices, Whole Foods, cashier-less technology or anything else you’ve come to associate with one of the most successful companies in American history. It’s a physical clothing store. Like, you know, a real brick-and-mortar space where you go
Continue Reading
By Jordan Valinsky, CNN Business From M&Ms’ mascots becoming more inclusive to a bologna face mask, there was lots of wild food news this week. We’ve done the dutiful task of rounding it all up if you need a change of pace from the doom and gloom of all that other “news.” Here’s what happened:
Continue Reading
By Danielle Wiener-Bronner, CNN Business M&M’s branding is getting a refresh. The candy’s anthropomorphized chocolate characters are being made over, and the logo is also getting a tweak. But the most noticeable change is to the six M&M characters: new shoes. Green has swapped her go-go boots for sneakers. Brown is sporting lower, more sensible
Continue Reading
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. With China set to host the 2022 Winter Games in two weeks’ time, Olympic broadcaster NBCUniversal says it will acknowledge the “geopolitical context” of the games, but the athletes will
Continue Reading 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. With China set to host the 2022 Winter Games in two weeks’ time, Olympic broadcaster NBCUniversal says it will acknowledge the “geopolitical context” of the games, but the athletes will
Continue Reading
By Laura He, CNN Business China keeps slashing lending rates as authorities ramp up their efforts to stave off a sharp economic slowdown. The People’s Bank of China on Thursday cut its one-year loan prime rate by 10 basis points to 3.7%, the second cut to the rate in a month. December’s cut was the
Continue Reading
By Danielle Wiener-Bronner, CNN Business Starbucks is no longer requiring employees to get vaccinated or submit to weekly testing, following the US Supreme Court’s rejection last week of President Joe Biden’s vaccine and testing requirement for large businesses. In a letter published on January 4, the coffee company recommended that its workers get vaccinated by
Continue Reading
by Amanda Watts, CNN The biopharmaceutical company Gilead Sciences announced Wednesday a massive web of seizures across several states of “counterfeit and tampered Gilead HIV medication within the U.S. supply chain.” In a statement on its website, Gilead said “in coordination with the US Marshals and local law enforcement, Gilead has executed seizures at 17
Continue Reading by Amanda Watts, CNN The biopharmaceutical company Gilead Sciences announced Wednesday a massive web of seizures across several states of “counterfeit and tampered Gilead HIV medication within the U.S. supply chain.” In a statement on its website, Gilead said “in coordination with the US Marshals and local law enforcement, Gilead has executed seizures at 17
Continue Reading
By Anneken Tappe, CNN Business Wall Street has had a rocky start to the year: Stocks again finished lower Wednesday and the Nasdaq Composite closed in correction territory, defined as a minimum 10% drop from its high. For the Nasdaq, that last peak was its record close on November 19. On Wednesday the tech-heavy index
Continue Reading By Anneken Tappe, CNN Business Wall Street has had a rocky start to the year: Stocks again finished lower Wednesday and the Nasdaq Composite closed in correction territory, defined as a minimum 10% drop from its high. For the Nasdaq, that last peak was its record close on November 19. On Wednesday the tech-heavy index
Continue Reading
Opinion by Chuck Collins for CNN Business Perspectives The pandemic has shone a spotlight on how inequality kills. As inequalities in income, wealth and access to health care have accelerated, the world’s most economically precarious people have suffered far more than their fair share of death and economic loss. As a new Oxfam report points
Continue Reading
By Nathaniel Meyersohn, CNN Business It’s going to cost you more to wash your clothes. Procter & Gamble said Wednesday that it was raising prices by an average of about 8% on retail customers next month for its Tide and Gain laundry detergents, Downy fabric softener and Bounce dryer sheets. If retailers decide to pass
Continue Reading
By Paul R. La Monica, CNN Business Microsoft’s massive acquisition of Activision Blizzard is notable for several reasons, not the least of which is that it’s spending nearly $70 billion -— in cash — to make the deal. That means Microsoft CEO Satya Nadella is essentially going to write a check for Activision Blizzard. Many
Continue Reading By Paul R. La Monica, CNN Business Microsoft’s massive acquisition of Activision Blizzard is notable for several reasons, not the least of which is that it’s spending nearly $70 billion -— in cash — to make the deal. That means Microsoft CEO Satya Nadella is essentially going to write a check for Activision Blizzard. Many
Continue Reading
By Matt Egan, CNN Business From startlingly high inflation and empty grocery store shelves to elevated prices at the pump, Americans are frustrated with the state of the economy. Polls indicate voters are every bit as concerned about the economy as they are about the pandemic. And they feel the government is not doing enough
Continue Reading