By Chris Isidore, CNN Business As the global supply chain crisis continues to roil the global economy, the list of impacted industries is growing by the day. The latest: paint. Sherwin-Williams said this week that strong demand for paint isn’t enough to prevent it from having to trim its revenue and profit forecasts. The company
Continue Reading
Opinion by Steven Hassan for CNN Business Perspectives In 1974, I was recruited into a cult. Known as the Unification Church, but often referred to as the Moonies, the group was — and still is — a far-right cult founded by the Korean cult leader Sun Myung Moon. The Moonies believe that Moon was greater
Continue Reading Opinion by Steven Hassan for CNN Business Perspectives In 1974, I was recruited into a cult. Known as the Unification Church, but often referred to as the Moonies, the group was — and still is — a far-right cult founded by the Korean cult leader Sun Myung Moon. The Moonies believe that Moon was greater
Continue Reading
By Peter Valdes-Dapena, CNN Business Rolls-Royce, the British manufacturer of very large and very expensive cars and SUVs powered by 12-cylinder engines, announced Wednesday that it will stop selling gasoline powered vehicles by 2030. From then on, Rolls-Royce will be all electric. The automaker also announced the name of the first electric Rolls-Royce, the Spectre,
Continue Reading
By Julia Horowitz, CNN Business Technology stocks dropped sharply on Tuesday in a painful trading session that led the Nasdaq Composite to its worst day since March. The biggest US companies logged major losses. Apple shed 2.4%, while Microsoft fell 3.6%, Amazon lost 2.6% and Facebook dipped 3.7%. Chipmakers Intel and Nvidia also took a
Continue Reading
By Rachel Metz, CNN Business It’s been a busy year for Encode Justice, an international group of grassroots activists pushing for ethical uses of artificial intelligence. There have been legislators to lobby, online seminars to hold, and meetings to attend, all in hopes of educating others about the harms of facial-recognition technology. It would be
Continue Reading
By Charles Riley, CNN Business British motorists desperate for fuel found service stations still closed and long lines at those with gasoline and diesel on Wednesday as the UK government prepared to deploy soldiers in an effort to end days of shortages. The UK military has put 150 tanker drivers on standby to help deliver
Continue Reading
By CNN Business The-CNN-Wire™ & © 2021 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.
Continue Reading
By Jordan Valinsky, CNN Business It’s that time of the year again: Today is National Coffee Day. This year’s commemoration arrives just as Americans are getting back to their coffee drinking habits, according to the National Coffee Association. Coffee consumption has rebounded to pre-Covid levels thanks to easing health safety restrictions and customers growing more
Continue Reading
By Michelle Toh, CNN Business Evergrande has raised $1.5 billion in much needed cash. But that may do little to help it meet a new bond interest payment due Wednesday. The Chinese real estate developer has agreed to sell off part of its stake in a local bank for nearly 10 billion yuan (about $1.5
Continue Reading
By Oliver Darcy, CNN Business The office of Vice President Kamala Harris is vexed with “The View” after the false Covid-19 positive tests revealed just before Harris was to appear on the show last week sent the program into chaos, people familiar with the matter told CNN on Tuesday. One of the people explained that
Continue Reading By Oliver Darcy, CNN Business The office of Vice President Kamala Harris is vexed with “The View” after the false Covid-19 positive tests revealed just before Harris was to appear on the show last week sent the program into chaos, people familiar with the matter told CNN on Tuesday. One of the people explained that
Continue Reading
By Chris Isidore, CNN Business United Airlines announced Tuesday that only 593 of its workers face dismissal for not complying with the requirement to get a Covid-19 vaccine. That is less than 1% of its 67,000 US workers who are covered by the rule. About 2,000 other employees, or less than 3% of the workforce,
Continue Reading
By Kathryn Vasel, CNN Business Even in the face of a global pandemic, women continued to make strides in corporate America last year. But they’re also burning out in higher numbers. A new report from McKinsey & Company and LeanIn.org said women’s representation improved across most of the corporate pipeline in 2020. The annual report
Continue Reading
By Matt Egan, CNN JPMorgan Chase CEO Jamie Dimon says America’s largest bank is once again preparing for a potential US default even though he expects Congress to avoid that “potentially catastrophic” event by lifting the debt ceiling. In an interview with Reuters on Tuesday, Dimon said JPMorgan has begun scenario-planning for how a possible
Continue Reading
By Samantha Murphy Kelly, CNN Business Amazon is continuing its quest to cover our homes and bodies with Amazon devices. At a livestreamed media event on Tuesday, the company showed off a handful of new Amazon-branded products, including an Echo device that hangs on the wall and acts as a digital whiteboard for the home,
Continue Reading
By Nathaniel Meyersohn, CNN Business A National Labor Relations Board judge is expected to review a complaint Wednesday that Amazon last year illegally fired two corporate employees who had been vocal critics of the company. An administrative law judge is scheduled to hear the charges, which were filed with the NLRB in October by a
Continue Reading By Samantha Murphy Kelly, CNN Business Amazon is continuing its quest to cover our homes and bodies with Amazon devices. At a livestreamed media event on Tuesday, the company showed off a handful of new Amazon-branded products, including an Echo device that hangs on the wall and acts as a digital whiteboard for the home,
Continue Reading
By Samantha Murphy Kelly, CNN Business Meditation toys to help kids manage their feelings. A Lego kit for coding, with a focus on problem-solving skills. And an Amazon video chat portal that uses holograms, games and puzzles to keep little ones engaged on calls. A recent crop of toys and products that launched during the
Continue Reading
By Anneken Tappe The US stock market took it on the chin again Tuesday, plummeting on worries about sustained high inflation that pushed bond yields higher. The debt ceiling debate raging in Washington didn’t help market sentiment either. The Dow dropped some 600 points at its low-point, and finished the day down 569 points, or
Continue Reading