Vanessa Yurkevich, CNN Business John Deere and the United Auto Workers Union have reached a new tentative agreement, more than two weeks after 10,000 John Deere workers went on strike, both parties announced Saturday. “Our UAW John Deere national bargaining team went back to our local members after the previous tentative agreement and canvassed the
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by Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Fox News is not officially commenting on the record, but it seems the right-wing talk network is quietly trying to distance itself from Tucker Carlson’s 1/6 trutherism. That’s the takeaway
Continue Reading by Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Fox News is not officially commenting on the record, but it seems the right-wing talk network is quietly trying to distance itself from Tucker Carlson’s 1/6 trutherism. That’s the takeaway
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By Julia Horowitz, CNN Business The people who made their fortunes in the oil capital of Europe need a new plan. For decades, Aberdeen, a port city on Scotland’s northeast coast, has served as the commercial gateway to the North Sea, where powerful companies have navigated deep and dangerous waters to extract tens of billions
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By Ramishah Maruf, CNN Business Billionaire Charlie Munger is bankrolling the design of a massive dormitory at the University of California, Santa Barbara. The $1.5 billion project comes with a major catch — 94% of the dorm’s single occupancy rooms are in the interior of the building, and have no windows. A consulting architect on
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By Paul R. La Monica, CNN Business October may be notorious for big market crashes. But this month was more of a Rocktober than Shocktober for stocks. Despite some notable drops in big techs Friday following disappointing sales from Apple and Amazon, the broader market still finished October with healthy gains. The Dow closed about
Continue Reading By Paul R. La Monica, CNN Business October may be notorious for big market crashes. But this month was more of a Rocktober than Shocktober for stocks. Despite some notable drops in big techs Friday following disappointing sales from Apple and Amazon, the broader market still finished October with healthy gains. The Dow closed about
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By Nathaniel Meyersohn, CNN Business Amazon’s rise has been relentless for more than a decade, with regulators and rivals alike failing to slow it. But now Amazon has taken a hit from a pair of immovable forces: snarled supply chains and worker shortages. The company’s third-quarter earnings and sales fell well short of Wall Street’s
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By Chris Isidore, CNN Business Profits soared at the nation’s two largest oil companies, as ExxonMobil and Chevron both benefited from the recent run-up in oil prices. ExxonMobil, America’s largest oil company, posted net income of $6.8 billion, swinging to a profit after a $680 million loss a year ago. Oil prices got crushed in
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Walé Azeez, CNN Business The United Kingdom is pushing ahead with legislation that will force more than 1,300 of its largest companies to disclose climate risks. Announcing the move ahead of the COP26 climate talks that start in Glasgow on Sunday, the UK government said it plans to be the first major economy to require
Continue Reading By Matt Egan, CNN Business Oil prices are unlikely to stay elevated for long, Chevron’s chief financial officer told CNN. “This feels more cyclical than structural,” Pierre Breber, the CFO of Chevron, the No. 2 US oil company, said in a phone interview. “We view these prices as above mid-cycle and above what our price
Continue Reading By Chris Isidore, CNN Business Profits soared at the nation’s two largest oil companies, as ExxonMobil and Chevron both benefited from the recent run-up in oil prices. ExxonMobil, America’s largest oil company, posted net income of $6.8 billion, swinging to a profit after a $680 million loss a year ago. Oil prices got crushed in
Continue Reading By Chris Isidore, CNN Business Profits soared at the nation’s two largest oil companies, as ExxonMobil and Chevron both benefited from the recent run-up in oil prices. ExxonMobil, America’s largest oil company, posted net income of $6.8 billion, swinging to a profit after a $680 million loss a year ago. Oil prices got crushed in
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By Hannah Ritchie and Esha Mitra, CNN Indian actor Puneeth Rajkumar has died aged 46 after suffering cardiac arrest on Friday, according to a statement from Vikram Hospital in the city of Bangalore. “Mr. Puneet Rajkumar, aged 46 years was brought to Vikram Hospital on 29/10/21 with a diagnosis of heart attack with ECG done
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By Julia Horowitz, CNN Business What will dominate this holiday shopping season: Huge demand, as shoppers use pent-up savings to splurge, or supply chain problems leading to empty shelves and presents on back order? Apple’s latest earnings report is amping up fears that production and shipping complications will steal the spotlight. What’s happening: The company
Continue Reading By Laura He, CNN Business For the second time this month, China’s most indebted developer Evergrande has reportedly managed to avoid default at the last minute. The debt-stricken firm paid interest on a dollar-denominated bond that was due in late September, just as a 30-day grace period expired, according to the New York Times and
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By Anna Bahney, CNN Business Waiting for the wild housing market to calm down before buying a place? Don’t bother, said Barbara Corcoran, the founder of the Corcoran Group real estate firm and star of “Shark Tank,” during a CNN Business Foreseeable Future discussion on the current housing market madness. “I don’t think it is
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By Marshall Cohen A January 6 rioter who downplayed the insurrection in a Fox News interview one day after she was sentenced to probation for storming the Capitol was “played by Laura Ingraham” and manipulated into whitewashing the attack, her lawyer said Thursday. Anna Morgan-Lloyd received national attention in June for becoming the first Capitol
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By Amir Vera, CNN News of Facebook’s new company name, Meta, quickly attracted the scorn of the internet. “The only meta we acknowledge,” tweeted writer Mitchell Clark, who posted a picture of former NBA player Meta World Peace (formerly known as Ron Artest). “‘Meta’ is short for ‘I meta girl in high school who I
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By Moira Ritter, CNN Business Whole Foods shoppers may have received a shock this week if they noticed a new $9.95 delivery fee on orders placed through Amazon Prime. Amazon, which acquired Whole Foods in 2017, had previously offered free two-hour delivery for Prime members, but warned shoppers last month a new charge was coming.
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