By Laura He, CNN Business Alibaba shares fell after US regulators added the stock to a growing list of Chinese firms that might be kicked off Wall Street if US auditors can’t inspect their financial statements. Alibaba slid as much as 6% in Hong Kong on Monday morning, but then pared losses to 3.8% in
Continue Reading By Anna Cooban, CNN Business Workers are fed up. More than two years into the pandemic, many have burned out, quit their jobs or are struggling to make ends meet as record inflation takes a huge bite out of their paychecks. But, for the past eight weeks, thousands of people in the United Kingdom have
Continue Reading By Laura He, CNN Business China’s embattled property giant Evergrande has failed to deliver a preliminary debt restructuring plan it had promised by July 31, leading to further concerns about the future of the world’s most indebted developer. The real estate company’s failure to meet its self-imposed deadline comes at a time when China’s entire
Continue Reading By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Penguin Random House announced its bid to acquire Simon & Schuster in November 2020. The deal — combining two of the top five book publishers in the United States —
Continue Reading By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Penguin Random House announced its bid to acquire Simon & Schuster in November 2020. The deal — combining two of the top five book publishers in the United States —
Continue Reading By Emmy Abbassi, CNN Here’s your chance to earn some sand dollars. Hotels.com is looking to hire a Retro Beach Motelier, who will visit several retro beach motels across the United States and enjoy oceanside views in 1950s style. The itinerary is comprised of Hotels.com’s 10 best retro beach motels across America, including The Pearl
Continue Reading By Ramishah Maruf, CNN Even top economists are struggling to explain perhaps “the weirdest economy” Americans have ever lived through, CNN’s chief media correspondent Brian Stelter said on “Reliable Sources” Sunday. Paul Krugman, a Nobel Laureate and economist and a longtime columnist for the New York Times, said the economy is not in recession, but
Continue Reading By Ramishah Maruf, CNN Even top economists are struggling to explain perhaps “the weirdest economy” Americans have ever lived through, CNN’s chief media correspondent Brian Stelter said on “Reliable Sources” Sunday. Paul Krugman, a Nobel Laureate and economist and a longtime columnist for the New York Times, said the economy is not in recession, but
Continue Reading By Zoe Sottile, CNN Cat food brand Fancy Feast is expanding into feline-inspired human cuisine, with a New York City Italian restaurant designed to celebrate the company’s new line. Gatto Bianco, which means “white cat,” is described by Fancy Feast as an “Italian-style trattoria,” and will be open for dinner reservations on August 11-12 only,
Continue Reading By Ramishah Maruf, CNN Sunscreen is marketed as helping protect against skin cancer — but now some batches of a popular brand are being voluntarily recalled because they may contain a carcinogen. An internal review of Banana Boat Hair & Scalp Sunscreen Spray SPF 30 found some samples contained trace levels of benzene, which is
Continue Reading By Reuters A union representing nearly 2,500 employees at three Boeing defense locations in the St. Louis area said on Saturday they will vote on the company’s revised contract offer, canceling a strike that was set to start early Monday. The International Association of Machinists and Aerospace Workers said an overnight bargaining session had led
Continue Reading By Nicole Goodkind and Julia Horowitz, CNN Business If you’re reading this, it means you’ve survived the busiest week of the summer. Congratulations. The last week of July came with an overwhelming confluence of economic data, earnings reports, Federal Reserve announcements and spending deals in Congress. The impact of these past seven days will reverberate
Continue Reading By Nicole Goodkind and Julia Horowitz, CNN Business If you’re reading this, it means you’ve survived the busiest week of the summer. Congratulations. The last week of July came with an overwhelming confluence of economic data, earnings reports, Federal Reserve announcements and spending deals in Congress. The impact of these past seven days will reverberate
Continue Reading By Catherine Thorbecke, CNN Business If you have one or more drawers filled with old gadgets and wires, you’re not alone. Decades of the tech sector’s pressure to “innovate or die” have led to a long list of useful and flashy household tech products, but many of these same devices also have a need to
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JEFFERSON CITY, Mo. (KMIZ) A spokesperson for MFA Oil Company said it resolved the unleaded fuel issues at its Break Time gas stations and sales of unleaded fuel resumed. Sales of unleaded fuel were put to a halt after a fuel mix-up caused Break Time to partially shut down seven locations. An investigation revealed fuel
Continue Reading By Ramishah Maruf, CNN The fifth-largest commercial bank in the US was fined by the Consumer Financial Protection Bureau for illegally accessing consumer credit reports and opening accounts without their permission. U.S. Bank, which is based in Minneapolis and has over $559 billion in assets, pressured its employees to meet sales goals as part of
Continue Reading Reuters The U.S. Federal Aviation Administration on Friday approved Boeing’s inspection and modification plan to resume deliveries of 787 Dreamliners, two people briefed on the matter told Reuters. The FAA approved Boeing’s proposal that requires specific inspections to verify the condition of the airplane meets requirements and that all work has been completed, a move
Continue Reading By Ashley Strickland, CNN A robot created at Stanford University in California is diving down to shipwrecks and sunken planes in a way that humans can’t. Known as OceanOneK, the robot allows its operators to feel like they’re underwater explorers, too. OceanOneK resembles a human diver from the front, with arms and hands and eyes
Continue Reading By Ashley Strickland, CNN A robot created at Stanford University in California is diving down to shipwrecks and sunken planes in a way that humans can’t. Known as OceanOneK, the robot allows its operators to feel like they’re underwater explorers, too. OceanOneK resembles a human diver from the front, with arms and hands and eyes
Continue Reading By Oliver Darcy, CNN Business Right-wing conspiracy theorist Alex Jones’ primary company filed for bankruptcy protection on Friday, an unexpected move that comes as a trial is underway in Texas to determine how much in damages he will have to pay the families of two Sandy Hook victims who sued and won a default judgment
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