By Rishi Iyengar and Sara Ashley O’Brien, CNN Business The high-profile criminal fraud trial of Theranos founder Elizabeth Holmes will officially resume in 2022. The jury of eight men and four women concluded their deliberations for the year on Wednesday, capping off their second week with the case without reaching a verdict. Deliberations, which have
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By Sara Ashley O’Brien, CNN Business When Elizabeth Holmes got wind that then-Wall Street Journal reporter John Carreyrou was working on a damning expose that would publish in October 2015 about her blood testing startup Theranos, she went straight to the top in an effort to get the story killed. Holmes, who is on trial
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By Oliver Darcy, CNN Business Lara Logan, a Fox News personality and host on the network’s streaming service, appeared on Wednesday to stand by her widely condemned comparison of Dr. Anthony Fauci to an infamous Nazi doctor — all while the right-wing channel remains silent about the matter. Logan tweeted a number of articles about
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By Oliver Darcy, CNN Business Dr. Anthony Fauci on Thursday night called out Fox News for staying silent after one of its personalities and streaming hosts, Lara Logan, compared him to an infamous Nazi doctor. Speaking on MSNBC with host Chris Hayes, Fauci said, “What I find striking, Chris, is how she gets no discipline
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By Donie O’Sullivan, CNN Business Meta, the company formerly known as Facebook, says it has evidence the Belarusian KGB used fake accounts to pose as journalists and activists to stoke tensions about the crisis at the border between Belarus and Poland. “These fictitious personas posted criticism of Poland in English, Polish, and Kurdish, including pictures
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By Paul R. La Monica, CNN Business What’s in your wallet? If you’re a Capital One customer, it might soon be more money: The company will be the first large bank to eliminate overdraft charges. Capital One made the announcement Wednesday, saying is it getting rid of all fees for overdrafts and non-sufficient funds. It
Continue Reading By Walé Azeez, CNN Business Google will ban political advertising on its platforms in the Philippines as the country prepares for elections in May. The company said on Wednesday that it will stop ads running “during an election campaign period or a silence period” in the run-up to the vote. Google considers election ads as
Continue Reading By Walé Azeez, CNN Business Google will ban political advertising on its platforms in the Philippines as the country prepares for elections in May. The company said on Wednesday that it will stop ads running “during an election campaign period or a silence period” in the run-up to the vote. Google considers election ads as
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By Matt Egan, CNN Business Despite rising labor costs, America’s business leaders felt very bullish on the US economy — at least in the days prior to the emergence of the Omicron coronavirus variant. The influential trade group the Business Roundtable said Wednesday its CEO Economic Outlook Survey rose during the fourth quarter to the
Continue Reading By Matt Egan, CNN Business Despite rising labor costs, America’s business leaders felt very bullish on the US economy — at least in the days prior to the emergence of the Omicron coronavirus variant. The influential trade group the Business Roundtable said Wednesday its CEO Economic Outlook Survey rose during the fourth quarter to the
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By Brian Fung, CNN Business Facebook will no longer limit users from searching for or praising Kyle Rittenhouse, following a court’s acquittal of all charges facing the teenager at the center of a deadly shooting in Kenosha, Wisc., last August. Though Facebook will continue to remove posts that glorify the deaths involved in the Kenosha
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By Anna Cooban, CNN Business The European Union has unveiled its €300 billion ($340 billion) alternative to China’s Belt and Road initiative — an investment program the bloc claims will create “links, not dependencies.” The aim of the EU program — called Global Gateway — is to help underpin the global recovery by mobilizing investments
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By Jordan Valinsky, CNN Business ‘Tis the season for McDonald’s to bring back a fan favorite sweet treat: the Holiday Pie. The dessert has returned to menus in “select regions” across the United States, the company confirmed. McDonald’s has released the festive pastry for the past 10 years, but the areas of availability vary. Fans
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By Paul R. La Monica, CNN Business This is shaping up to be the biggest year for new stock listings ever, thanks to the debuts of several buzzy unicorns. The list includes buy-now-pay-later leader Affirm, dating app Bumble, Roblox, Oatly, Robinhood and Amazon-backed electric truck maker Rivian, just to name a few. But will the
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By Allison Morrow, CNN Business No one likes paying more for stuff. That’s why inflation, especially the sharp price increases we’ve seen in recent months, feels like a dirty word. But on the whole, inflation can actually be a good thing for many working-class Americans, especially those with fixed-rate debt like a 30-year mortgage. That’s
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By Matt Egan, CNN Business Commerce Secretary Gina Raimondo is concerned the Omicron coronavirus variant will exacerbate pressure on the already stressed-out global supply chain. “It’s way too soon to tell. But I do worry, because we know people are afraid to go to work,” Raimondo told CNN during an interview at her Washington office.
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By Matt Egan Roger Dow, CEO of the US Travel Association, is questioning the logic of President Joe Biden’s travel restrictions, imposed on South Africa and seven neighboring countries following the emergence of the Omicron coronavirus variant. “We want them to revisit this quickly,” Dow told CNN in a phone interview. “We need to follow
Continue Reading By Matt Egan Roger Dow, CEO of the US Travel Association, is questioning the logic of President Joe Biden’s travel restrictions, imposed on South Africa and seven neighboring countries following the emergence of the Omicron coronavirus variant. “We want them to revisit this quickly,” Dow told CNN in a phone interview. “We need to follow
Continue Reading By Allison Morrow, CNN Business No one likes paying more for stuff. That’s why inflation, especially the sharp price increases we’ve seen in recent months, feels like a dirty word. But on the whole, inflation can actually be a good thing for many working-class Americans, especially those with fixed-rate debt like a 30-year mortgage. That’s
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By Jordan Valinsky, CNN Business Toys “R” Us is opening a new store about a year after a planned relaunch of its brick-and-mortar presence failed. The retailer’s parent company, WHP Global, announced it will open a store at New Jersey’s American Dream mall in mid-December. In a press release, the company said the 20,000 square
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