Money

By Michelle Toh, CNN Business SoftBank CEO Masayoshi Son is cutting back on new investments in China as the country’s private sector continues to face a historic regulatory crackdown. The Japanese billionaire said at an earnings presentation Tuesday that he would take a cautious approach until the impact of new regulations are clear. Chinese companies

By Jordan Valinsky, CNN Business Amazon is changing its complaint process for returns and will pay customers up to $1,000 for products sold by third-party sellers that caused damage or personal injury. The company announced Tuesday that it will deal with customer satisfaction itself and go after companies afterward if third parties are unresponsive or

By Rachel Ramirez and Alexis Benveniste, CNN Business The climate crisis is accelerating at unprecedented pace, according to a new United Nations state-of-the-science report. It is “a code red for humanity,” said UN Secretary-General António Guterres — and given that the report concludes the entirety of the warming is due to human greenhouse gas emissions,

By Tami Luhby, CNN Business Companies big and small are raising wages to attract workers and hold onto employees as the economy revs back into gear. But those fatter paychecks aren’t going as far, thanks to rising inflation. In fact, compensation is now lower than it was in December 2019, when adjusted for inflation, according

By Julia Horowitz, CNN Business The UK government has been warned to stop a massive North Sea oil project or see its hopes of becoming a climate leader dashed as the country prepares to host a crucial environmental summit later this year. In the coming weeks, Britain’s oil regulator could decide whether to green-light the

By Michelle Toh, CNN Business AMC is jumping on the crypto bandwagon. In an earnings call Monday, the theater chain announced that it would start rolling out technology to let moviegoers in the United States pay for their tickets and snacks in bitcoin by the end of the year. “I’ve had to learn more in

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. There is an old adage, sometimes attributed to Neil deGrasse Tyson, that “ignorance is a virus.” It showed up on a protest sign in Los Angeles last month when a

By Scottie Andrew, CNN Vaccination against Covid-19 is increasingly becoming a ticket of entry into restaurants, gyms and indoor performances — or all of the above, if you’re a New York City resident. Rather than misplace your vaccination card, you can log your vaccination status on your phone to use as proof as you reenter

By Paul R. La Monica, CNN Business DraftKings is making an even bigger bet on the business of high-stakes wagers, buying Golden Nugget Online Gaming, another leader in the online casino world, for $1.56 billion. Shares of Golden Nugget Online Gaming skyrocketed nearly 50% on the news. The company is controlled by Tilman Fertitta, the

By Brian Stelter, CNN Business Mike Richards, who is in line to become the new host of “Jeopardy!,” is defending himself against allegations that he mistreated colleagues at another game show. At the same time, he is also confirming has been asked to “consider hosting the show.” Richards, who is currently the executive producer of

By Nathaniel Meyersohn, CNN Business The Delta variant of Covid-19 is spreading across the United States, but stores and restaurants that people walk into on a daily basis aren’t requiring vaccines for customers. Representatives for retailers and restaurants and HR consultants who work with companies say it’s too risky for frontline staff to be put

By Anneken Tappe, CNN Business It’s a hallmark sign of this strange pandemic labor market: America had a record 10.1 million jobs available in June, as businesses struggled to hire enough staff to support the full reopening of the economy. That mismatch between worker demand and supply has been a defining characteristic of the pandemic

By Hanna Ziady, CNN Business A UK company that makes products to treat lung conditions could wind up in the hands of one of the world’s biggest cigarette makers, prompting an outcry from health charities that are calling on the British government to block the deal. Marlboro maker Philip Morris International (PMI) on Sunday increased

By Jordan Valinsky, CNN Business Domino’s Pizza is taking on delivery apps that charge extra fees with a new giveaway totaling $50 million worth of free food. The pizza chain announced Monday a “Surprise Frees” promotion, giving customers a chance for some free food to counter delivery apps like UberEats and DoorDash. Domino’s called competitors’

By Paul R. La Monica, CNN Business Warren Buffett’s Berkshire Hathaway, like the rest of Corporate America, had a miserable first half of 2020 due to the Covid-19 pandemic. But as the stock market and economy has rebounded, so have the fortunes of the Oracle of Omaha’s massive conglomerate. Berkshire reported strong second quarter earnings