By Julia Horowitz, CNN Business The economic recovery from the coronavirus has always been uneven, with different parts of the world bouncing back at different speeds. But this divergence could be about to get worse, creating headaches for the policymakers who have to manage what happens next. What’s happening: The biggest central banks in the
Continue Reading
By Frank Pallotta, CNN Business Kate McKinnon returned to “Saturday Night Live” this week and opened the show portraying Dr. Anthony Fauci. The doctor gave the audience scenarios for how to handle the holidays and the pandemic. “I’m back!” McKinnon’s Fauci said during McKinnon’s first appearance of the season. “Do people still think I’m sexy
Continue Reading
by Carma Hassan, CNN and Reuters At least six people died at an Amazon warehouse building collapse after an EF-3 tornado caused major structural damage to the building Friday, according to the Edwardsville Fire Department in Illinois. Forty-five people made it out of the building, with one person airlifted to a regional hospital for treatment,
Continue Reading by Carma Hassan, CNN and Reuters At least six people died at an Amazon warehouse building collapse after an EF-3 tornado caused major structural damage to the building Friday, according to the Edwardsville Fire Department in Illinois. Forty-five people made it out of the building, with one person airlifted to a regional hospital for treatment,
Continue Reading
By Ramishah Maruf, CNN Business Ford is increasing output for its Mustang Mach-Es in 2022, Ford Motor Company CEO Jim Farley announced Friday in a tweet. The company’s first mainstream all-electric vehicle is expected to reach more than 200,000 units per year for North America and Europe by 2023, Farley said, tripling its current rate.
Continue Reading By Ramishah Maruf and Reuters At least two people have died at an Amazon warehouse building collapse in Illinois, Edwardsville police chief Michael Fillback confirmed to reporters Saturday morning. A tornado Friday caused major structural damage to the building. Fillback added one person who worked at the warehouse is hospitalized but said he did not
Continue Reading By Ramishah Maruf and Reuters At least two people have died at an Amazon warehouse building collapse in Illinois, Edwardsville police chief Michael Fillback confirmed to reporters Saturday morning. A tornado Friday caused major structural damage to the building. Fillback added one person who worked at the warehouse is hospitalized but said he did not
Continue Reading By Jackie Wattles, CNN Business Jeff Bezos’ rocket company, Blue Origin, sent Good Morning America host Michael Strahan, the daughter of famed astronaut Alan Shepard, and four paying customers on a supersonic joy ride to the edge of space Saturday morning. The group blasted off aboard Blue Origin’s suborbital space tourism rocket at 9:01 am
Continue Reading
By Matt Egan, CNN Business New car prices are skyrocketing at the fastest pace on record. And Senator Elizabeth Warren says a lack of competition in the semiconductor industry is at least partially to blame. The world is in the midst of an epic computer chip shortage, one largely driven by Covid outbreaks and skyrocketing
Continue Reading
By Danielle Wiener-Bronner, CNN Business Bad news for American consumers: It’s getting more expensive to dine out, and it’s getting more expensive to eat at home. Restaurant prices spiked 5.8% over the 12 months ending in November without seasonal adjustments, the Bureau of Labor Statistics said Friday. That’s the largest 12-month increase since the year
Continue Reading By Jackie Wattles, CNN Business Jeff Bezos’ rocket company, Blue Origin, sent Good Morning America host Michael Strahan, the daughter of famed astronaut Alan Shepard, and four paying customers on a supersonic joy ride to the edge of space Saturday morning. The group blasted off aboard Blue Origin’s suborbital space tourism rocket at 9:01 am
Continue Reading
By Michelle Toh, CNN Business Before the pandemic, Hong Kong was an aviation hub attracting pilots from around the world. Two years on, pilots at flagship airline Cathay Pacific are so exhausted and depressed from working under one of the world’s strictest quarantine regimes that some are reaching a breaking point. Once known as a
Continue Reading By Ramishah Maruf, CNN Business Better.com CEO Vishal Garg, who laid off 900 employees over a Zoom meeting that lasted less than three minutes, is taking time off from the company, Vice reported. “If you’re on this call, you are part of the unlucky group that is being laid off,” Garg said on the December
Continue Reading
By Jackie Wattles, CNN Business Jeff Bezos’ rocket company, Blue Origin, became the subject of a federal review this fall after a group of 21 current and former employees co-signed an essay that raised serious questions about the safety of the company’s rockets — including the rocket making headlines for flying Bezos and other celebrities
Continue Reading
By Frank Pallotta, CNN Business After 60 years the rivalry between the Jets and the Sharks is back on the big screen, under the direction of one of the biggest blockbuster filmmakers of all time, and set for a big opening. “West Side Story,” 20th Century Studios’ remake of the 1961 classic musical, hits theaters
Continue Reading
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
Continue Reading
By Parija Bhatnagar, CNN Business The pandemic sparked a fast and furious love affair with Peloton. Now comes the breakup. The first sign that the Peloton pandemic bubble burst came last month, when the company revealed sales of its Peloton stationary bikes and treadmills fell 17% in its most recent quarter. Those two machines are
Continue Reading
By Nathaniel Meyersohn, CNN Business Americans are spending more on rent, gas, groceries, clothes and other essentials lately. US consumer prices have climbed 6.8% annually without seasonal adjustments — the biggest increase since June 1982 — as inflation has surged due to the imbalance between demand for consumer goods and supply of those products. We
Continue Reading
By Paul R. La Monica, CNN Business This was a big year for new exchange-traded funds, or ETFs, the popular investments that make it easy to buy a basket of stocks, cryptocurrencies or other assets. Numerous bitcoin ETFs launched in 2021, with more likely in 2022. Several experts even predict that there could be new
Continue Reading
Opinion by Mark Wolfe for CNN Business Perspectives The pandemic has only made things worse for those at the bottom of the economic ladder. While families across the country have been hit hard by rising prices for many essential goods and services — especially for food, shelter, clothing and gasoline — those with the lowest
Continue Reading