By Anna Cooban, CNN Business Thousands of UK workers are starting a four-day work week from Monday with no cut to their pay in the largest trial of its kind. The pilot, which will last for six months, involves 3,300 workers spanning 70 companies, ranging from providers of financial services to a fish-and-chip restaurant. During
Continue Reading Opinion by Karin Kimbrough for CNN Business Perspectives Young workers who entered the US job market in the throes of the pandemic in 2020 faced an uphill battle. Hiring on LinkedIn dropped off dramatically, and widespread layoffs hit Gen Z more severely than most other groups. Fast forward two years, and the picture looks much
Continue Reading By Julia Horowitz, CNN Business Late last week, Microsoft — the second largest public company in the United States — leveled with its investors. Earnings for the current quarter, it warned, would not be as strong as it had hoped. What’s happening: Microsoft now expects revenue of between $51.9 billion and $52.7 billion between April
Continue Reading By Samantha Murphy Kelly, CNN Business Apple kicked off its annual developer conference by unveiling its next-generation mobile software, iOS 16, with new features that will let users personalize their iPhone lock screens, change how they text friends through iMessage and deepen how its smartphones integrate with cars. These and other updates, which were unveiled
Continue Reading By Anna Cooban, CNN Business Thousands of UK workers are starting a four-day work week from Monday with no cut to their pay in the largest trial of its kind. The pilot, which will last for six months, involves 3,300 workers spanning 70 companies, ranging from providers of financial services to a fish-and-chip restaurant. During
Continue Reading By Michelle Toh, CNN Business Didi’s regulatory nightmare in China may be nearly over. That’s according to the Wall Street Journal, which reported Monday, citing unidentified sources, that Beijing’s cybersecurity review of the ride-hailing giant was about to wrap up. The move would allow Didi to return to app stores in mainland China, potentially as
Continue Reading By Kathleen Magramo, CNN A television commercial for a male body spray has been taken off the air in India, after critics said it made light of gang rape. Bollywood celebrities including Priyanka Chopra, Richa Chadha and Farhan Akhtar are among those to have lambasted the commercial for Layer’r Shot, a brand of male fragrance,
Continue Reading By Ramishah Maruf, CNN When Bob Woodward and Carl Bernstein published their groundbreaking Watergate reporting that led to the resignation of former President Richard Nixon in 1974, the duo thought he would be the last president to openly defy the Constitution and the law. “And then, as we say, along came Trump,” Woodward said on
Continue Reading By Ramishah Maruf, CNN When Bob Woodward and Carl Bernstein published their groundbreaking Watergate reporting that led to the resignation of former President Richard Nixon in 1974, the duo thought he would be the last president to openly defy the Constitution and the law. “And then, as we say, along came Trump,” Woodward said on
Continue Reading By Ramishah Maruf, CNN Starbucks workers at an Ithaca, New York, store claim their location is being shut down in retaliation for their union activism. The worker committee said it is filing an Unfair Labor Practice charge with the National Labor Relations Board, alleging that Starbucks is making a “clear attempt to scare workers across
Continue Reading By Frank Pallotta, CNN Business A week after taking off at the box office, “Top Gun: Maverick” is still flying high. The sequel to the 1986 blockbuster — which has Tom Cruise‘s Pete “Maverick” Mitchell teach a new set of recruits about the need for speed — made an estimated $86 million domestically in its
Continue Reading By Samantha Murphy Kelly, CNN Business Apple is about to hold its annual developer conference this week where it’s expected to show off new software coming to its most popular devices and possibly offer the biggest hint yet about a new product long rumored to be in development. At its Worldwide Developers Conference, which kicks
Continue Reading By Danielle Wiener-Bronner, CNN Business Non-alcoholic alternatives to booze have been around for a while. But recently, the sector has been booming. For a long time “you had ‘near beer,’ which was kind of a joke,” said Duane Stanford, editor of Beverage Digest. “People would be discreet about drinking them. And now that’s completely changed.”
Continue Reading By Paul R. La Monica, CNN Business For many average investors, the price of just one Amazon share has been prohibitively expensive. There are a lot of things a person can spend about $2,500 on instead of one tiny piece of “Prime” stock market real estate. A nice vacation? That home entertainment system? Season tickets
Continue Reading By Danielle Wiener-Bronner, CNN Business Non-alcoholic alternatives to booze have been around for a while. But recently, the sector has been booming. For a long time “you had ‘near beer,’ which was kind of a joke,” said Duane Stanford, editor of Beverage Digest. “People would be discreet about drinking them. And now that’s completely changed.”
Continue Reading By Ramishah Maruf, CNN Cryptocurrency scammers have stolen over $1 billion from 46,000 people since the start of 2021, a new Federal Trade Commission report says. The FTC rang the alarm bells on Friday, saying crypto-related crimes amount to about one out of every four dollars reported lost to fraud — more than any other
Continue Reading By Jackie Wattles, CNN Business A rocket built by Jeff Bezos’ Blue Origin carried its fifth group of passengers to the edge of space, including the first-ever Mexican-born woman to make such a journey. The 60-foot-tall suborbital rocket took off from Blue Origin’s facilities in West Texas at 9:26am ET, vaulting a group of six
Continue Reading By Parija Kavilanz, CNN Business Many working parents who rely on local summer camps to keep their kids busy when school’s out for the summer won’t have that option this year because of a serious staffing shortage. The start of summer vacation has arrived, but instead of preparing to welcome campers, several camps have had
Continue Reading By Nathaniel Meyersohn, CNN Business Gas station bathrooms are the last place most people want to stop to do their business. But that wasn’t always the case. Spotless bathrooms were once a crucial selling point for gas stations. In fact, oil giants’ gas station ads in the early and mid-20th century assured travelers that their
Continue Reading By Peter Valdes-Dapena, CNN Business The Michigan-based arm of the international automaker Stellantis has pleaded guilty and agreed to pay $300 million in penalties to settle an investigation into alleged cheating on emissions tests for some of its diesel-powered vehicles. The vehicles in question are more than 100,000 diesel-powered Jeep Grand Cherokee SUVs and Ram
Continue Reading