By Ramishah Maruf, CNN Business National fast food chain Raising Cane’s Chicken Fingers has a new solution to the restaurant industry’s labor shortage — it’s asking corporate employees to work as fry cooks and cashiers. The privately-held Baton Rouge, La.-based company has a total of 750 corporate employees, 500 in its Dallas office. Of those,
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By Matt McFarland, CNN Business Tesla CEO Elon Musk has said the company will roll out the latest beta version of its “full self-driving” software to 1,000 owners this weekend. Yet there aren’t actually any self-driving cars for sale today, according to autonomous vehicle experts and the National Highway Traffic Safety Administration, which regulates cars.
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By Nathaniel Meyersohn, CNN Business If you hoped grocery stores this fall and winter would look like they did in the Before Times, with limitless options stretching out before you in the snack, drink, candy and frozen foods aisles, get ready for some disappointing news. Many of the country’s biggest food makers are telling grocers
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By Kara Fox, CNN Chinese officials are ordering coal plants to dramatically ramp up production. The European Union is facing a revolt over its ambitious Green Deal on climate. US President Joe Biden is petitioning OPEC nations to boost oil production. So much for the fight against the climate crisis — it’s the energy crisis
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By Jessie Yeung, Rhea Mogul and Swati Gupta, CNN As India’s brutal second coronavirus wave ravaged the country this spring, Ankit Srivastava went from hospital to hospital, trying to find help for his ailing mother. But hospitals in the Indian city of Varanasi had run out of space, oxygen, medicine, tests — everything. “They told
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By Frank Pallotta, CNN Business In the nearly six decades since 1962’s “Dr. No,” one thing has been a constant at the cinema: Bond, James Bond. The iconic super-spy returns for his latest adventure this weekend with “No Time to Die,” the franchise’s 25th film, which represents both a literal and figurative end of an
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By Hanna Ziady and Mark Thompson, CNN Business A group of 136 countries have agreed to a global treaty that would tax large multinationals at a minimum rate of 15% and require companies to pay taxes in the countries where they do business. Estonia, Hungary and — most notably — Ireland joined the agreement Thursday.
Continue Reading Opinion by Jacob J. Lew for CNN Business Perspectives After weeks of partisan gridlock, Congress is on track to extend the debt ceiling, averting a potential default looming in less than two weeks. But the solution merely moves the new fiscal cliff to December, aligning the deadline with other imminent crises, like a potential government
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By Brian Stelter, CNN Business It all started with a LinkedIn message. Wall Street Journal reporter Jeff Horwitz first connected with Frances Haugen, now known as the Facebook whistleblower, late last year. He was trying to meet more sources at Facebook to learn about how the company managed content on its platforms around the 2020
Continue Reading By Brian Stelter, CNN Business It all started with a LinkedIn message. Wall Street Journal reporter Jeff Horwitz first connected with Frances Haugen, now known as the Facebook whistleblower, late last year. He was trying to meet more sources at Facebook to learn about how the company managed content on its platforms around the 2020
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By Kathryn Vasel, CNN Business Major life events — like a global pandemic — often lead people to take stock of their lives. And many workers are now taking a closer look at their jobs and realizing it’s not what they want to be doing anymore. In July, four million people quit their jobs, according
Continue Reading By Kathryn Vasel, CNN Business Major life events — like a global pandemic — often lead people to take stock of their lives. And many workers are now taking a closer look at their jobs and realizing it’s not what they want to be doing anymore. In July, four million people quit their jobs, according
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By Nathan Hodge, CNN Russian investigative newspaper Novaya Gazeta — whose editor-in-chief Dmitry Muratov won the Nobel Peace Prize on Friday — built its reputation as an outpost of the free press in part for its fearless reporting on the conflict in Chechnya, the former breakaway region in southern Russia. Muratov, who co-founded the paper
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By Paul R. La Monica, CNN Business America added far fewer jobs in September than expected, but investors didn’t seem too disappointed: Stocks were mostly unchanged Friday as Wall Street took solace that the unemployment rate continues to drop after the pandemic-fueled spike last year. The Dow finished the day down nearly 10 points, but
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By Hanna Ziady, CNN Business The global economic recovery from the coronavirus pandemic is weakening and risks are rising, according to the International Monetary Fund. The IMF on Tuesday slashed its 2021 growth forecast for the United States by one full percentage point to 6%, the biggest reduction suffered by any G7 economy in its
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By Charles Riley, CNN Business The Senate voted along party lines to raise the debt ceiling on Thursday, authorizing $480 billion in borrowing that avoids a looming US government default but sets up another showdown in early December. Investors no doubt should be relieved. Alarm bells had been ringing on Wall Street for weeks, and
Continue Reading Opinion by Jacob J. Lew for CNN Business Perspectives After weeks of partisan gridlock, Congress is on track to extend the debt ceiling, averting a potential default looming in less than two weeks. But the solution merely moves the new fiscal cliff to December, aligning the deadline with other imminent crises, like a potential government
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By Ben Westcott, CNN For journalist Maria Ressa, reporting the news has always been the priority. But the newly honored Nobel Peace Prize winner says she has been forced to “become the news” simply because of her determination to do the job properly and defend the rule of law. A day before receiving the Nobel
Continue Reading By Ben Westcott, CNN For journalist Maria Ressa, reporting the news has always been the priority. But the newly honored Nobel Peace Prize winner says she has been forced to “become the news” simply because of her determination to do the job properly and defend the rule of law. A day before receiving the Nobel
Continue Reading By Hanna Ziady and Mark Thompson, CNN Business A group of 136 countries have agreed to a global treaty that would tax large multinationals at a minimum rate of 15% and require companies to pay taxes in the countries where they do business. Estonia, Hungary and — most notably — Ireland joined the agreement Thursday.
Continue Reading