By Michelle Toh, CNN Business PayPal is buying Japanese startup Paidy, marking the latest major tie-up in the fast-growing space of buy now, pay later companies. The US giant announced the mostly cash deal Tuesday night, which is worth 300 billion Japanese yen (about $2.7 billion). In a statement, PayPal said that the acquisition was
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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. It’s happening from Fox to CNN, from The New York Times to the Los Angeles Times. And it’s happening on two tracks simultaneously. Vaccinated America is learning how to live
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By Lauren M. Johnson and David Williams, CNN Restaurants across the country are struggling to find employees, so one establishment in Dallas decided to hire robots to help pick up the slack. It was a “no-brainer,” said Espartaco Borga, the owner of La Duni since 2001, who told CNN he’s never seen the industry in
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By Nathaniel Meyersohn, CNN Business Employers are gearing up for the annual holiday shopping rush and once again looking to add seasonal workers to bolster their store, warehouse and logistics ranks. Their announcements come as big chains are expecting strong holiday demand from shoppers, despite risks that the Delta variant may pose to consumer spending.
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COLUMBIA, Mo. (KMIZ) The second of three public hearings for the Fiscal Year 2022 Annual Budget was held Tuesday in the council chambers to allow opportunities for public input on the many items covered by the budget process. There was also an organized rally held outside city hall before the meeting by “Rally to Invest
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By Clare Duffy, CNN Business Ford on Tuesday announced that it has hired Doug Field away from Apple as it looks to bolster its self-driving and electric vehicle ambitions. Field will become Ford’s chief advanced technology and embedded systems officer, and will oversee efforts including vehicle controls, enterprise connectivity and driver assistance technology, the automaker
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By Sara Ashley O’Brien, CNN Business Elizabeth Holmes, the founder and former CEO of failed biotech startup Theranos, went from being hailed as the next Steve Jobs to facing up to 20 years in prison over federal fraud charges. How did Holmes get here? A Stanford University dropout, Holmes — inspired by her own fear
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By Peter Valdes-Dapena, CNN Business At a Munich auto show Monday, Volkswagen unveiled the ID. Life, a tiny, boxy electric SUV, designed for driving on tight city streets. It’s just an endearingly cute concept vehicle now, but VW plans to put something like it into production around 2025. Priced for young, first-time car buyers, the
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By Anneken Tappe It’s a volatile day for bitcoin, which briefly fell by more than 10% Tuesday — below the $43,000 mark. The drop comes after El Salvador made good on a plan announced in June and adopted the cryptocurrency as legal tender, making it the first country in the world to do so. The
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By Matt Egan Video game CEO John Gibson stepped down from the helm of Tripwire Interactive after his support of the Texas abortion law created a firestorm. Tripwire, which publishes games including “Chivalry 2,” said in a statement Monday that Gibson has stepped down and that his views don’t reflect those of the company. “His
Continue Reading By Matt Egan Video game CEO John Gibson stepped down from the helm of Tripwire Interactive after his support of the Texas abortion law created a firestorm. Tripwire, which publishes games including “Chivalry 2,” said in a statement Monday that Gibson has stepped down and that his views don’t reflect those of the company. “His
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By Anneken Tappe, CNN Business As abortion rights advocates scramble to fight a Texas law that effectively bans abortion in the state, economists are drawing attention to the financial hardships — and subsequent economic downsides — that can occur when women’s reproductive rights are restricted. The effects having children can have on a woman’s career
Continue Reading By Anneken Tappe, CNN Business As abortion rights advocates scramble to fight a Texas law that effectively bans abortion in the state, economists are drawing attention to the financial hardships — and subsequent economic downsides — that can occur when women’s reproductive rights are restricted. The effects having children can have on a woman’s career
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By Samantha Murphy Kelly, CNN Business Apple will likely reveal its latest lineup of iPhones next week. The company sent out press invitations on Tuesday for a virtual event — with the tagline “California Streaming” — that will take place on Tuesday, September 14, at its Apple Park headquarters in Cupertino, California. Apple is expected
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By Kristin Fisher, CNN Russia’s space chief was watching as billionaires Jeff Bezos and Richard Branson blasted into space aboard vehicles they helped fund — and wishing Russian oligarchs would follow suit. “Our millionaires prefer to invest more in yachts rather than in spaceships,” Dmitry Rogozin told CNN in his first interview with Western media
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By Jeanne Sahadi, CNN Business The pandemic has made it very clear to everyone that life doesn’t go as planned. It’s also been a bracing reminder that we could die way sooner than expected. And that means you could inadvertently leave people you love in the lurch. Which brings us to one of the least
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By Chauncey Alcorn, CNN Business Wayne Encalarde’s utility truck and trailer were parked in New Orleans’ Ninth Ward 16 years ago when Hurricane Katrina’s floodwaters ravaged the city and all but completely destroyed the neighborhood. The 68-year-old, a plumber and owner of the local Wayne Jude Encalarde plumbing and public works business, says the deadly
Continue Reading By Chauncey Alcorn, CNN Business Wayne Encalarde’s utility truck and trailer were parked in New Orleans’ Ninth Ward 16 years ago when Hurricane Katrina’s floodwaters ravaged the city and all but completely destroyed the neighborhood. The 68-year-old, a plumber and owner of the local Wayne Jude Encalarde plumbing and public works business, says the deadly
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By Julia Horowitz, CNN Business Regulators are worried about all the people plugging cryptocurrencies online. That includes Kim Kardashian, beauty and fashion mogul and influencer extraordinaire. Charles Randell, chair of the UK Financial Conduct Authority, called out Kardashian in a colorful speech Monday. He started out by suggesting that the internet was full of …
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By Julia Horowitz, CNN Business George Soros, the billionaire financier and philanthropist, thinks BlackRock has made a huge miscalculation on China. What’s happening: Soros called out the world’s largest asset manager in an op-ed published by the Wall Street Journal on Monday titled “BlackRock’s China Blunder.” BlackRock recently started offering investment products to individual Chinese
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