By Nathaniel Meyersohn, CNN Business CVS’ announcement Thursday that it will close 900 stores over the next three years — around 10% of its pharmacies — may have caught some shoppers off guard. Isn’t CVS doing really well right now? Haven’t lots of people gone to drug stores during the pandemic to stock up on
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By Ramishah Maruf, CNN Business Subway co-founder Peter Buck, who turned his initial investment of $1,000 into more than a billion dollars, died Thursday at the age of 90, the company confirmed. With more than 40,000 locations worldwide, Subway today is now the world’s largest submarine sandwich chain. Buck, the company’s last surviving founder, left
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By Nathaniel Meyersohn, CNN Business Gas prices are skyrocketing, and Americans want to save at the pump. That plays right into the hands of Costco, BJ’s Wholesale Club and Sam’s Club. The national gas price average jumped to $3.41 a gallon Friday, according to AAA, 61% higher than the average at the same time last
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One of the perks of owning a Tesla is using your smartphone as a key to open and drive your car. It does away with carrying a separate key fob in your pocket. But what if your smartphone app glitches? You could be stuck not being able to use your car, which seems to be
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By Sara Ashley O’Brien, CNN Business Elizabeth Holmes, the disgraced founder and former CEO of Theranos, is taking the stand in her own criminal trial. Holmes began testimony on Friday afternoon in the San Jose courtroom during the first day of the defense’s case. She is also expected to testify on Monday and Tuesday next
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By Matt Egan, CNN Business The Marriott hotel in Prague refused to host a conference this month aimed at drawing attention to alleged human rights abuses in China, the hotel chain confirmed to CNN on Friday. The Prague Marriott cited “reasons of political neutrality” for its decision to decline to host the World Uyghur Congress,
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By Kerry Flynn, CNN Business Natalie Morales said farewell on Friday to her viewers and colleagues on “Today” after 22 years at NBC. Morales, who worked as an anchor for “Today” and correspondent for “Dateline NBC,” is leaving the network to join CBS as a host of its afternoon program, “The Talk.” On Friday, “Today”
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The second holiday season during the COVID-19 pandemic is beginning, and this year more testing options are available for those wanting some extra peace of mind before seeing loved ones.
Continue Reading By Kerry Flynn, CNN Business Natalie Morales said farewell on Friday to her viewers and colleagues on “Today” after 22 years at NBC. Morales, who worked as an anchor for “Today” and correspondent for “Dateline NBC,” is leaving the network to join CBS as a host of its afternoon program, “The Talk.” On Friday, “Today”
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By Sara Ashley O’Brien, CNN Business After testimony from 29 witnesses, federal prosecutors are resting their case against Elizabeth Holmes, the former CEO and founder of failed blood testing startup Theranos. Over the course of 31 court days spread out over nearly three months, jurors heard from a broad assortment of witnesses in the San
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By Parija Kavilanz, CNN Business An animated dumpling called “Dart,” with a shiny gold chrome body that pops out of its head when you squeeze its squishy cheeks, is creating quite a stir as parents scramble to score one of this year’s must-have toys. Dart belongs to a family of interactive dumplings from toymaker WowWee
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By Peter Valdes-Dapena, CNN Business Hyundai and Kia look to be going big with their future electric SUVs. The South Korean automaker siblings both unveiled large electric SUV concept vehicles at the Los Angeles Auto Show on Wednesday that, both companies said, offer a preview of real future models. The Hyundai Seven concept has no
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By Walé Azeez, CNN Business The threat by the Women’s Tennis Association (WTA) to quit China after one of its stars, Peng Shuai, disappeared from public view, leaves at least two global brands watching anxiously to see how this will play out. Peng, a two-time former Grand Slam doubles champion, has vanished from the public
Continue Reading By Matt Egan, CNN Business The Marriott hotel in Prague refused to host a conference this month aimed at drawing attention to alleged human rights abuses in China, the hotel chain confirmed to CNN on Friday. The Prague Marriott cited “reasons of political neutrality” for its decision to decline to host the World Uyghur Congress,
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By Rachel Metz, CNN Business Every time you pick up your smartphone, you’re summoning algorithms. They’re used for everything from unlocking your phone with your face to deciding what videos you see on TikTok to updating your Google Maps route to avoid a freeway accident on your way to work. An algorithm is a set
Continue Reading By Rachel Metz, CNN Business Every time you pick up your smartphone, you’re summoning algorithms. They’re used for everything from unlocking your phone with your face to deciding what videos you see on TikTok to updating your Google Maps route to avoid a freeway accident on your way to work. An algorithm is a set
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By Matt McFarland, CNN Business Westport, Connecticut police chief Foti Koskinas would love it if his patrol cars could drive themselves, but his department isn’t buying Teslas equipped with “full self-driving.” Local governments like Westport and businesses big and small sing the benefits of electric vehicles like Teslas. Westport has saved thousands on fuel and
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By Matt Egan, CNN Business The oil market has gone from booming to busting, much to the relief of inflation-weary American drivers ahead of the Thanksgiving holiday. US crude tumbled to a fresh seven-week low on Friday, settling at $76.10 a barrel. The slide is good news for American drivers hurt by the seven-year high
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By Frank Pallotta, CNN Business In 1984, a film about three New York City owners of an unconventional startup took the country by storm, leading people — young and old — to ask one simple question: “Who you gonna call?” That film was “Ghostbusters,” one of the most successful comedies of all time. Now, 37
Continue Reading By Frank Pallotta, CNN Business In 1984, a film about three New York City owners of an unconventional startup took the country by storm, leading people — young and old — to ask one simple question: “Who you gonna call?” That film was “Ghostbusters,” one of the most successful comedies of all time. Now, 37
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