By Anneken Tappe, CNN Business The US jobs recovery is about to get a reality check. It was a strong summer, with nearly 2.5 million jobs added back between May and July even as the Delta variant started to increase Covid-19 infections — but economists are now growing cautious that August may not have been
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By Anneken Tappe, CNN Business The US jobs recovery is about to get a reality check. It was a strong summer, with nearly 2.5 million jobs added back between May and July even as the Delta variant started to increase Covid-19 infections — but economists are now growing cautious that August may not have been
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By Jill Disis, CNN Business Apple will allow companies such as Spotify and Netflix to direct customers to their own websites to make payments, allowing them to more easily avoid fees levied by the App Store. The iPhone maker’s latest concession in a long-standing fight with app developers was announced Wednesday in response to an
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By Michelle Toh, CNN Business Hong Kong has reclaimed its status as the host of a marquee Asian tech conference it lost last year, as organizers cite the city’s success in battling the coronavirus pandemic. Rise, an annual tech conference whose recent speakers have included executives from Uber, Alibaba and Stripe, said Thursday that it
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By Jessie Yeung and Meenketan Jha, CNN The air pollution in India is so bad that it could be reducing the life expectancy of hundreds of millions of people by as much as nine years, according to a new study. The report, released Wednesday by the United States-based research group Energy Policy Institute at the
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By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. ABC News President Kim Godwin hasn’t even been on the job for six months, but she has already infuriated her bosses over at Disney. When Godwin called for an independent,
Continue Reading By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. ABC News President Kim Godwin hasn’t even been on the job for six months, but she has already infuriated her bosses over at Disney. When Godwin called for an independent,
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By Lauren del Valle, CNN Business A federal bankruptcy judge ruled that Purdue Pharma, the maker of the addictive painkiller OxyContin, will be dissolved under a settlement deal and that its owners, members of the Sackler family, will pay out more than $4 billion to address the opioid epidemic that’s killed more than 500,000 Americans.
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By Kerry Flynn, CNN Business Joe Rogan, one of the world’s highest paid and most influential podcast hosts, announced Wednesday he has tested positive for Covid-19 and said he’d embarked on a fringe treatment regime. In a video posted to his official Instagram account, Rogan said he felt “very weary” on Saturday and got tested
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By Rishi Iyengar, CNN Business After days of controversy over its decision not to crack down on misinformation about Covid-19, Reddit is somewhat backtracking, taking action against dozens of its groups known as “subreddits.” The social media site on Wednesday banned one prominent subreddit called r/NoNewNormal, which described itself as hosting a “[skeptical] discussion of
Continue Reading By Kerry Flynn, CNN Business Joe Rogan, one of the world’s highest paid and most influential podcast hosts, announced Wednesday he has tested positive for Covid-19 and said he’d embarked on a fringe treatment regime. In a video posted to his official Instagram account, Rogan said he felt “very weary” on Saturday and got tested
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By Brian Stelter, CNN Business Every week we read a new story about a conservative media figure who downplayed Covid-19 or mocked the vaccines and wound up hospitalized or dead. Almost as often, we see sad new examples of overlapping misinformation. Here’s what I mean by “overlapping misinformation:” An attorney representing many high-profile suspects from
Continue Reading By Clare Duffy, CNN Business Twitter is stepping up its efforts to help users experiencing harassment protect themselves. The social media company on Wednesday announced the test of a new feature called “Safety Mode,” which aims to help users prevent being overwhelmed by harmful tweets and unwanted replies and mentions. The feature will temporarily block
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By Chris Isidore, CNN Business The power is off for nearly a million customers in Louisiana after a Category 4 storm slammed into the region. But that’s not the biggest problem facing the storm-ravaged state: It’s the possibility of perhaps hundreds of thousands of people going weeks, if not longer, before power is restored. Although
Continue Reading Opinion by Ann M. Ravel and Kristin Urquiza for CNN Business Perspectives In May 2020, months before a Covid-19 vaccine was available and just before Arizona’s infection rate soared, Governor Doug Ducey encouraged residents not to stay home. “I want to encourage people to get out and about,” Ducey told listeners of a popular radio
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By Clare Duffy, CNN Business After growing its workforce to more than 1.3 million people in 2020, Amazon is planning to hire another 55,000 employees globally in the coming months, the company announced Wednesday. This is the first major hiring push since new Chief Executive Andy Jassy took the reins from Jeff Bezos in July.
Continue Reading By Clare Duffy, CNN Business After growing its workforce to more than 1.3 million people in 2020, Amazon is planning to hire another 55,000 employees globally in the coming months, the company announced Wednesday. This is the first major hiring push since new Chief Executive Andy Jassy took the reins from Jeff Bezos in July.
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By Jordan Valinsky, CNN Business Apple has enlisted eight states in a program that allows people to “seamlessly and securely” add their driver’s license or state IDs to their Apple Wallet to use at airport security checkpoints. Arizona and Georgia are the first states to enroll in the program, with Connecticut, Iowa, Kentucky, Maryland, Oklahoma
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By Matt McFarland, CNN Business The $1 trillion infrastructure bill appears set to give passenger and freight rail $66 billion, an infusion that will likely expand where service is offered but does little to increase the speed of train travel in the US. Amtrak has proposed spending its share of the infrastructure funding on more
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By Paul R. La Monica, CNN Business If you’re an investor who knows your market history, you might be tempted to tune out for a bit and start singing Green Day’s “Wake Me Up When September Ends.” The ninth month is traditionally the worst of the year for stocks. The market was up slightly Wednesday
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