By Paul R. La Monica, CNN Business Apple is on the verge of yet another major milestone. The iPhone maker is close to topping a market value of more than $3 trillion — the first publicly traded company ever to be worth that much. Shares of Apple were up about 1% in premarket trading Monday
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By Danielle Wiener-Bronner, CNN Business Coca-Cola CEO James Quincey, a 25-year veteran of the company, has been hearing it from disgruntled niche beverage fans. “I got a lot of emails about Tab,” Quincey told CNN Business. The complaints follow a striking decision Quincey made last year to slash the company’s portfolio of products in half
Continue Reading By Danielle Wiener-Bronner, CNN Business Coca-Cola CEO James Quincey, a 25-year veteran of the company, has been hearing it from disgruntled niche beverage fans. “I got a lot of emails about Tab,” Quincey told CNN Business. The complaints follow a striking decision Quincey made last year to slash the company’s portfolio of products in half
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By Alicia Wallace, CNN Business Biden’s big infrastructure plan, which was passed last month, promises to create hundreds of thousands of new jobs, many of which won’t require a college degree. But it’s going to be an uphill battle trying to fill those roles. The $1.2 trillion Infrastructure Investment and Jobs Act includes $550 billion
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By Julia Horowitz, CNN Business Despite anxiety about inflation and the Omicron variant, the stock market is on track for another banner year. That’s in large part thanks to stellar gains from just a handful of stocks. What’s happening: According to new research from Goldman Sachs, just five companies — Microsoft, Apple, Nvidia, Tesla and
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By Kerry Flynn, CNN Business Time magazine has named CEO of Tesla and SpaceX Elon Musk as Person of the Year. “Person of the Year is a marker of influence, and few individuals have had more influence than Musk on life on Earth, and potentially life off Earth too,” Time editor-in-chief Edward Felsenthal wrote. “In
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By Akanksha Sharma, CNN Business Narendra Modi‘s Twitter handle was “very briefly compromised,” his office said, when a tweet was sent from the Indian Prime Minister’s account saying his country had adopted Bitcoin and would be distributing the cryptocurrency. “The matter was escalated to Twitter and the account has been immediately secured,” the Indian PM’s
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By Michelle Toh, CNN Business SenseTime is postponing its big stock market debut after once again getting caught up in tensions between the United States and China. The Chinese artificial intelligence startup announced Monday that it would delay its initial public offering in Hong Kong, where it had planned to raise up to $767 million.
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By Ramishah Maruf, CNN Business This article contains spoilers about the first episode of “And Just Like That…” Mr. Big is alive. At least according to Peloton. The Mr. Big character was killed off while riding a Peloton bike in the first episode of Sex and the City reboot, “And Just Like That…,” shocking fans.
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By Kay Jones and Ramishah Maruf, CNN Travis Scott’s spiked hard seltzer CACTI has been discontinued, Anheuser-Busch said. “After careful evaluation, we have decided to stop all production and brand development of CACTI Agave Spiked Seltzer. We believe brand fans will understand and respect this decision,” an Anheuser-Busch spokesperson said in a statement to CNN
Continue Reading By Kay Jones and Ramishah Maruf, CNN Travis Scott’s spiked hard seltzer CACTI has been discontinued, Anheuser-Busch said. “After careful evaluation, we have decided to stop all production and brand development of CACTI Agave Spiked Seltzer. We believe brand fans will understand and respect this decision,” an Anheuser-Busch spokesperson said in a statement to CNN
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By Ramishah Maruf, CNN Business As threats to democracy become increasingly mainstream, traditional norms and practices of covering politics must be rethought, Jay Rosen, journalism professor at New York University, said on “Reliable Sources” Sunday. “American news media knows how to cover two parties that are basically equal fighting for power. But when one party
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By Frank Pallotta, CNN Business “West Side Story” had little to sing about this weekend. 20th Century Studios’ remake of the 1961 classic musical brought in an estimated $10.5 million for its opening in North America this weekend. This total was below expectations, which projected the film to make closer to $15 million in its
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By Allison Morrow, CNN Business President Joe Biden and other politicians will tell you inflation is Corporate America’s fault. Corporate America blames the administration’s pandemic assistance programs for putting too much cash into the economy. The reality, economists say, is that it’s all of those things. And more. On Friday, the consumer price index showed
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By Oliver Darcy and Brian Stelter, CNN Fox News anchor Chris Wallace, one of the few high-profile news personalities who retained a reputation of integrity as Fox leaned hard into right-wing and conspiratorial programming, announced Sunday that he is departing the network and joining CNN+ to host a weekday show. Wallace made the stunning announcement
Continue Reading By Oliver Darcy and Brian Stelter, CNN Fox News anchor Chris Wallace, one of the few high-profile news personalities who retained a reputation of integrity as Fox leaned hard into right-wing and conspiratorial programming, announced Sunday that he is departing the network and joining CNN+ to host a weekday show. Wallace made the stunning announcement
Continue Reading By Akanksha Sharma, CNN Narendra Modi‘s Twitter handle was “very briefly compromised,” his office said, when a tweet was sent from the Indian Prime Minister’s account saying his country had adopted Bitcoin and would be distributing the cryptocurrency. “The matter was escalated to Twitter and the account has been immediately secured,” the Indian PM’s office
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By Chris Isidore, CNN Business If you have a job today, chances have never been better that you can keep it as long as you want. There’s been a lot of attention to the “Great Resignation,” the record number of people quitting their jobs amid the pandemic’s upheavals. More than four million workers quit their
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By Jennifer Korn Over the summer, an anonymous hacker stole roughly $600 million in cryptocurrency from Poly Network, a decentralized finance network many outside the crypto world had likely never heard of. Then the hacker gave it back. Four months later, hackers stole at least $150 million from crypto exchange Bitmart. According to one analysis,
Continue Reading By Jennifer Korn Over the summer, an anonymous hacker stole roughly $600 million in cryptocurrency from Poly Network, a decentralized finance network many outside the crypto world had likely never heard of. Then the hacker gave it back. Four months later, hackers stole at least $150 million from crypto exchange Bitmart. According to one analysis,
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