By Danielle Wiener-Bronner, CNN Business Wingstop wants to lower its food supply costs. So it’s considering raising its own chickens. Restaurant brands like Wingstop have struggled with their supply chains in recent years, as the Covid-19 pandemic, extreme weather and the war in Ukraine, among other factors, have tightened food supplies and sent prices soaring.
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By Danielle Wiener-Bronner, CNN Business Pizza places have always been experts when it comes to delivery, flexing with remote drop-offs and robot delivery cars. But now they’re facing a problem: not enough drivers. In early March, Domino’s then-CEO Ritch Allison warned that a driver shortage would be a drag on business. “Delivery driver staffing may
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By Brian Stelter and Sharif Paget, CNN A spokesperson for Twitch said the company removed a livestream by the Buffalo grocery store massacre suspect less than two minutes after the violence started. The suspected shooter, an 18-year-old White man, shot and killed 10 people and injured three others at a supermarket in a predominantly Black
Continue Reading By Brian Stelter and Sharif Paget, CNN A spokesperson for Twitch said the company removed a livestream by the Buffalo grocery store massacre suspect less than two minutes after the violence started. The suspected shooter, an 18-year-old White man, shot and killed 10 people and injured three others at a supermarket in a predominantly Black
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By Paul R. La Monica, CNN Business Worries about an economic slowdown are running wild on Wall Street. Despite concerns about inflation, higher interest rates from the Federal Reserve, supply chain issues and geopolitical turmoil due to Russia’s invasion of Ukraine and Covid outbreaks in China, American consumers continue to do what they do best:
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By Ramishah Maruf, CNN Amazon founder Jeff Bezos accused President Joe Biden of spreading “misdirection” on Twitter, after the president tweeted that wealthy corporations should be paying their fair share of taxes to bring down inflation. “You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share,” Biden tweeted from
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By Ramishah Maruf, CNN Mars Wrigley US and Canada issued a voluntary recall of numerous gummy candies Friday, saying there could be a thin metal strand inside the candies or loose in the bag. The gummies were distributed in Canada, the United States and Mexico. The company is recalling certain varieties of Skittle Gummies, Starburst
Continue Reading By Ramishah Maruf, CNN Mars Wrigley US and Canada issued a voluntary recall of numerous gummy candies Friday, saying there could be a thin metal strand inside the candies or loose in the bag. The gummies were distributed in Canada, the United States and Mexico. The company is recalling certain varieties of Skittle Gummies, Starburst
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By Jordan Valinsky, CNN Business Outback Steakhouses of the future won’t be nearly as expansive as the outback itself. Like many casual dining chains, Outback is pivoting toward a post-pandemic future in which delivery and takeout orders are increasingly important to the bottom line. So the chain, known for its Bloomin’ Onions and steaks, is
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By David Goldman, CNN Business The American economy is super weird right now. Pretty much anyone who wants a job can have one. The economy is so hot that prices are surging faster than at any point since the 1980s. The housing market is on fire. Consumers are spending like crazy. Yet we keep hearing
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By Anneken Tappe, CNN Business Reproductive rights activists are worried about women losing abortion access in parts of the United States. Economists are worried, too, because restricting reproductive freedom comes at an economic cost to the nation. The US Supreme Court may be poised to overturn the landmark 1973 Roe v. Wade ruling as soon
Continue Reading By Anneken Tappe, CNN Business Reproductive rights activists are worried about women losing abortion access in parts of the United States. Economists are worried, too, because restricting reproductive freedom comes at an economic cost to the nation. The US Supreme Court may be poised to overturn the landmark 1973 Roe v. Wade ruling as soon
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By Nathaniel Meyersohn, CNN Business We live in a world shaped by shopping carts. The ubiquitous, unloved contraptions are a key feature of US economy. (Yes, really.) The birth of shopping carts in the early 20th century helped usher in an era of mass consumption and enabled grocery stores and brands to expand their products
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By Rishi Iyengar, CNN Business Two prominent lobbying groups representing the tech industry’s biggest companies are asking the US Supreme Court to step in and block a Texas law that lets the state’s residents sue large social media platforms for alleged censorship, two days after a federal appeals court allowed the law to take effect.
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By Paul R. La Monica, CNN Business It’s been a brutal year for Robinhood. The twin plunges of stocks and bitcoin have crushed the online brokerage’s sales. The company also reported a loss and drop in users. The stock has plummeted 40% this year and Robinhood recently announced a big round of layoffs. But there
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By Matt Egan, CNN Business Pain at the pump may be forcing Americans to cut spending elsewhere. In a report shared first with CNN, JPMorgan analyzed Chase card spending data and estimated that the 20% spike in gas prices since the war in Ukraine began is lowering non-gas consumption by about $9.6 billion a month.
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By Anneken Tappe, CNN Business Americans are feeling worse about the state of the economy again and it’s all because of rampant inflation. Even as the pace of consumer price hikes moderated some in April, inflation remains near a 40-year high and is putting many US household budgets in a vice. Consumer sentiment dropped by
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By Jackie Wattles, CNN Business SpaceX has been on a tear in 2022, notching 18 rocket launches and two astronaut splashdowns in just the first 130 days of the year — an unprecedented pace for the company and the commercial launch industry. The latest is scheduled for Friday evening with the launch of 53 of
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By Clare Duffy, CNN Business In the days following the January 6 Capitol riot, Twitter became the first major social media platform to permanently suspend then-President Donald Trump for violating its rules against inciting violence. It was a huge step and one that instantly put pressure on other big platforms to take action. Within days,
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By David Goldman, Chris Isidore and Clare Duffy, CNN Elon Musk said he is putting his bid to acquire Twitter on hold, weeks after agreeing to take the company private in a $44 billion deal. “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,”
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