By Catherine Thorbecke, CNN Business Instagram on Wednesday began rolling out an Amber Alert feature on its platform to notify users of missing children in their area. The alerts, which will be available in the United States and two dozen other countries, will include details about the missing child, such as a photo, description and
Continue Reading By Chris Isidore, CNN Business Elon Musk is demanding that Tesla office workers return to in-person work or leave the company. The policy, disclosed in leaked emails Musk sent to Tesla’s executive staff Tuesday, was first reported by electric vehicle news site Electrek. “Anyone who wishes to do remote work must be in the office
Continue Reading By Chris Isidore, CNN Business The number of workers being fired or laid off has hit the lowest point on record, the Labor Department reported Wednesday. The Job Openings and Labor Turnover Survey showed only 1.25 million people lost their job in April, breaking the previous record low of 1.26 million recorded in December. With
Continue Reading Opinion by Bill Carter for CNN Business Perspectives Streaming networks were the center of attention last month when the television industry — or, more accurately now, the entertainment industry — staged its annual ritual known as the “upfronts.” Long-time attendees of these affairs surely felt some sense of disorientation, because the upfronts were invented as
Continue Reading By Anna Cooban, CNN Business Russia’s increasingly aggressive actions against its European gas customers are taking a toll. The country’s natural gas exports have tumbled by more than a quarter since January. But surging prices have kept Russia’s coffers bulging as it continues to cut off deliveries. Moscow’s gas exports to countries outside of its
Continue Reading By Chris Isidore, CNN Business Russia’s invasion of Ukraine is a major reason that US drivers are paying record prices for gasoline. But it’s not the only cause of the spike. Numerous factors are pushing prices up, with regular gasoline hitting a record $4.67 a gallon Wednesday according to AAA’s survey. Gas prices were already
Continue Reading By Nathaniel Meyersohn, CNN Business Target is stuck with too much home decor and too many TVs. To clear out the glut, it will ramp up discounts. The retail giant said Tuesday that it would mark down prices on some bigger-ticket items that consumers have pulled back on purchasing and cancel pending orders from suppliers.
Continue Reading By Brian Fung, CNN Amazon has sharply criticized a looming antitrust bill in Congress that it says unfairly targets the company and could degrade its customers’ experience. In a blog post Wednesday, Amazon VP of Public Policy Brian Huseman alleged that a bill led by Sen. Amy Klobuchar in the Senate and Rep. David Cicilline
Continue Reading By Chris Isidore, CNN Business Next stop, $5. The US average for the price of a gallon of regular gas hit $4.99 according to the most recent reading from AAA Friday. It marked the 14th straight day, and the 31st time in the last 32 that gas has set a record in America. Gas prices
Continue Reading By Matt Egan, CNN Business Gas prices just took another big step in the wrong direction. The national average for regular gasoline climbed by five cents on Wednesday to a fresh record of $4.67 a gallon, according to AAA. That leaves gas prices up by 48 cents in the past month alone. It now costs
Continue Reading By Julia Horowitz, CNN Business Investors have been increasingly eager in recent years to deploy their money in a way that supports sustainability and aligns with their values — a trend that, in theory, could leverage capitalism to help combat climate change and fight society’s ills. But has the rapid rise of funds that prioritize
Continue Reading By Julia Horowitz, CNN Business Investors have been increasingly eager in recent years to deploy their money in a way that supports sustainability and aligns with their values — a trend that, in theory, could leverage capitalism to help combat climate change and fight society’s ills. But has the rapid rise of funds that prioritize
Continue Reading By Nicole Goodkind, CNN Business The recent string of deadly shootings may send investors searching their portfolios to determine if they have exposure to ammunition manufacturers or companies that sell guns. Chances are that they do. The gunmakers In recent years, large asset managers like BlackRock have offered investors access to alternative funds that don’t
Continue Reading By Chris Isidore, CNN Business Canceled flights, surging airfares, a rental car shortage, record gas prices and rising hotel prices. Welcome to the summer of travel hell. Airlines had said they were prepared to avoid the service problems that plagued much of the industry last year. But between Friday and Monday, US airlines canceled 2,653
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By Michelle Toh, CNN Business China’s richest and most international city is trying to return to business as usual after a two-month lockdown, but some restrictions will remain in place. Shanghai authorities on Sunday pledged to allow all businesses to open up from Wednesday. The city’s deputy mayor, Wu Qing, announced the easing of restrictions
Continue Reading By Melissa Alonso and Andy Rose, CNN A judge has denied former vice-presidential nominee and Alaskan governor Sarah Palin’s bid for a new trial in her defamation case against the New York Times, according to a written decision filed Tuesday in the US District Court for the Southern District of New York. Palin sued the
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By Gregory Wallace and Pete Muntean, CNN White House officials met Tuesday with travel industry leaders who pressed the Biden administration to end its requirements that vaccinated international travelers take a coronavirus test before flying to the United States. Airlines for America, representing major US air carriers, and the US Travel Association, representing the broad
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By Brian Fung and Ariane de Vogue, CNN The Supreme Court of the United States temporarily blocked a sweeping Texas law on Tuesday that restricts the ability of Facebook, Twitter and YouTube to moderate content on their platforms. By a 5-4 vote, the justices granted an emergency request from the tech industry to block a
Continue Reading By Brian Fung and Ariane de Vogue, CNN The Supreme Court of the United States temporarily blocked a sweeping Texas law on Tuesday that restricts the ability of Facebook, Twitter and YouTube to moderate content on their platforms. By a 5-4 vote, the justices granted an emergency request from the tech industry to block a
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By Frank Pallotta, CNN Business Netflix’s world may be upside-down, but “Stranger Things” is still super popular. The latest season of the science-fiction horror series debuted this weekend to record numbers, becoming Netflix’s biggest debut ever for an English-language TV show. Netflix said that “Stranger Things 4 — Volume 1” clocked in at 286.7 million
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