Money Archives

The highly contagious Delta variant of Covid-19 is racing across the globe

The Delta variant is another massive headache for the Fed

July 25, 2021 7:31 AM CNN Newsource

By Anneken Tappe, CNN Business The Federal Reserve was already keeping a close eye on rising prices. Now it has to contend with the Delta coronavirus variant. The highly contagious Delta variant of Covid-19 is racing across the globe, causing a shortage of workers in the United Kingdom and heaping stress on the battered global

See how 17 news outlets are coming together to expose Pegasus spyware

July 25, 2021 6:37 PM CNN

Journalists from 17 news outlets are working together to expose evidence of spyware that specifically targets journalists, activists and politicians, calling it the Pegasus Project. CNN’s Hadas Gold reports.

Just spyware? It’s a potential ‘cyberweapon’

July 25, 2021 6:37 PM CNN

The Washington Post’s Dana Priest talks about the sophisticated technology used to spy on journalists, activists and two women linked to Jamal Khashoggi.

New reports say that once again Israeli-founded technology

Global phone hacks expose darker side of Israel’s ‘startup nation’ image

July 25, 2021 6:37 PM CNN Newsource

By Hadas Gold, CNN Business Audacious Mossad spy operations around the world. The plucky “startup nation” home to reams of billion-dollar ideas. These are two drivers of Israel’s image abroad that its political and business leaders have long been happy to push. That slick image appears to have taken a hit with new reports that

Frito-Lay Kansas worker strike ends after 20 days

July 24, 2021 4:28 PM CNN Newsource

By Sara O’Brien, CNN Business After a nearly three-week strike, hundreds of Frito-Lay employees in Topeka, Kansas have ratified a revised contract Saturday addressing what union leaders had previously described as a diminished quality of life stemming from work conditions, including long hours, forced overtime, and stagnating wages. The contract will provide workers with a

A woman enjoys the new flavor near Union Square in New York City on July 14.

Kraft Macaroni & Cheese ice cream debuts and quickly sells out

July 24, 2021 5:01 AM CNN Newsource

By Alaa Elassar, CNN Nothing gets cheddar than this… The Kraft Heinz Company has partnered with Brooklyn-based Van Leeuwen Ice Cream to introduce a limited-edition macaroni and cheese flavor of ice cream. “We know that there is nothing more refreshing on a hot summer day than ice cream. That is why we wanted to combine

How Taiwan is trying to defend against a cyber ‘World War III’

July 23, 2021 10:29 PM CNN Newsource

By Eric Cheung, Will Ripley and Gladys Tsai, CNN Business As China steps up military pressure on Taiwan, the self-governing island is preparing for the next big frontier of warfare: crippling cyberattacks. Taiwan’s head of cybersecurity told CNN Business this month that it is using dramatic measures to guard against technological vulnerabilities — including employing

Software company’s unveiling of decryption key comes too late for many victims of devastating ransomware attack

July 23, 2021 4:57 PM CNN Newsource

By Brian Fung, Natasha Bertrand and Alex Marquardt, CNN On Thursday, the software company Kaseya announced that it could help unlock any of its customers’ systems that were still inaccessible following a devastating ransomware attack early this month that took down as many as 1,500 businesses worldwide. But for many victims it was too little,

Amazon has hired outside investigators to probe the internal culture of part of its cloud computing operations after employees circulated a petition alleging "systemic discrimination

Amazon hires outside investigators after employee petition alleges discrimination and harassment

July 23, 2021 3:43 PM CNN Newsource

By Sara Ashley O’Brien, CNN Business Amazon has hired outside investigators to probe the internal culture of part of its cloud computing operations after employees circulated a petition alleging “systemic discrimination, harassment, bullying and bias against women and under-represented groups.” The petition, viewed by CNN Business, specifically addresses concerns among staffers within an Amazon Web

Why hundreds of Frito-Lay workers have been striking

July 24, 2021 12:05 PM CNN Newsource

By Harmeet Kaur, CNN Workers at the Frito-Lay plant in Topeka, Kansas, say it used to be one of the best jobs in town — a place of shared meals, group outings and community. In recent years, though, employees and union members say the facility where Doritos, Cheetos and Tostitos are made has become another

GM again recalls its US electric vehicles over fire threat

July 23, 2021 1:48 PM CNN Newsource

By Chris Isidore, CNN Business GM is once again recalling nearly 70,000 Chevrolet Bolt electric vehicles because of a risk that the battery will catch fire when the car is parked. The company does not have a fix for the problem that has been tied to at least nine fires nationwide since early 2020. The

Political commentator Tucker Carlson speaks during Politicon 2018 at Los Angeles Convention Center on October 21

How Fox News is making a network out of race baiting

July 23, 2021 1:48 PM CNN Newsource

By Oliver Darcy, CNN Business One evening earlier this month, a White rage-filled man sat behind a desk, looked into a camera, and began to rant about how something must be done to “save” the United States before “we become Rwanda,” a not-so-subtle reference to the horrific genocide that occurred in the African country decades

Tucker Carlson insults Capitol police officer

July 23, 2021 1:48 PM CNN

Fox News host Tucker Carlson attacked Capitol police officer Harry Dunn, who defended the Capitol during the January 6th attack.

A blank-check firm backed by Tom Barrack

Trump ally Tom Barrack pulls SPAC plans after indictment

July 23, 2021 2:45 PM CNN Newsource

By Paul R. La Monica, CNN Business A blank-check firm backed by Tom Barrack, the billionaire investor who was chairman of Donald Trump’s inaugural committee in 2017 and is a close friend of the former president, has withdrawn plans to take the company public after Barrack was charged with illegal foreign lobbying earlier this week.

Trump ally charged with acting as agent of foreign nation

July 23, 2021 2:45 PM CNN

Tom Barrack, a former adviser to former President Donald Trump, was charged with illegal foreign lobbying on behalf of the United Arab Emirates as an effort to influence the foreign policy positions of both the 2016 Trump presidential campaign and the incoming administration.

Some workers said that their colleagues have quit mid-shift.

‘People are just walking out in the middle of shifts’: What it’s like to work in a restaurant right now

July 26, 2021 8:21 AM CNN Newsource

By Danielle Wiener-Bronner, CNN Business Going out to eat might feel a little different these days. Maybe you’re waiting longer for a table, even though the restaurant doesn’t appear full. Or maybe your service is slower, and your server seems anxious. That’s because restaurants across the United States are understaffed, and jobs that were already

American Express reported a quarterly profit of $2.3 billion

American Express is the Dow’s top stock for 2021. Here’s why

July 23, 2021 11:40 AM CNN Newsource

By Paul R. La Monica, CNN Business American Express is the top stock in the Dow so far this year, and AmEx’s earnings on Friday morning show why investors are never leaving home without it. The credit card giant reported a quarterly profit of $2.3 billion, easily topping Wall Street’s forecasts. Revenue for American Express

Stocks are on track to hit record highs to close the week.

Dow closes above 35,000 for the first time

July 23, 2021 3:06 PM CNN Newsource

By Anneken Tappe, CNN Business It’s been a turbulent week on Wall Street, starting with a massive selloff over worries about the Delta variant. But by Friday, stocks were back up and each index closed at at record highs. The Dow closed 0.7%, or 238 points, higher, finishing above 35,000 for the first time ever.

Construction CEO: No housing market slowdown in sight

July 23, 2021 3:06 PM CNN

Dave Flitman, Builders FirstSource CEO, says the recent uptick in demand for housing will be “sustainable” over the next few years because of millennial and Gen Z clientele.

Shrinkflation is the reason why boxes of cereal like Cinnamon Toast Crunch are shrinking.

Why your cereal boxes and ice cream cartons are shrinking

July 23, 2021 9:27 AM CNN Newsource

By Nathaniel Meyersohn, CNN Business Less cereal in the box. Smaller snack sizes. Ice cream gone missing in a container. You’re not losing your mind. You are actually paying the same price or more these days for everyday items in your fridge and pantry but running through them more quickly because their sizes have shrunk.