By Laura He, CNN Business China’s GDP is growing at the slowest pace in a year as a massive energy crunch, shipping disruptions and a deepening property crisis take their toll on the world’s second largest economy. The economy expanded by just 4.9% in the third quarter, compared with the same period a year earlier.
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By Samantha Murphy Kelly, CNN Business Apple is set to kick off its second product event of the season, a month after introducing its new iPhone 13 lineup. At a virtual event on Monday at 1 pm ET, the company is expected to unveil two high-end MacBook Pro laptops powered by its next-generation silicon chip.
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By Ramishah Maruf, CNN Business The media treats some aspects of the first amendment — such as press freedom — as sacred. But when it comes to other crucial protections, including free and fair elections and other basic tenets of democracy, there tends to be a “sliding scale.” On “Reliable Sources” Sunday, CNN’s chief media
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By Ramishah Maruf, CNN Business The media treats some aspects of the first amendment — such as press freedom — as sacred. But when it comes to other crucial protections, including free and fair elections and other basic tenets of democracy, there tends to be a “sliding scale.” On “Reliable Sources” Sunday, CNN’s chief media
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By Brian Stelter, CNN Business Bari Weiss says her publication on Substack, Common Sense, is meant to be “the newspaper for the 21st century, ultimately. I’m starting it out as the op-ed page that I want to read.” One year after quitting The New York Times, Weiss has not drifted off into obscurity, as detractors
Continue Reading By Brian Stelter, CNN Business Bari Weiss says her publication on Substack, Common Sense, is meant to be “the newspaper for the 21st century, ultimately. I’m starting it out as the op-ed page that I want to read.” One year after quitting The New York Times, Weiss has not drifted off into obscurity, as detractors
Continue Reading By Frank Pallotta, CNN Business Michael Myers made a killing at the box office, even though he was also streaming. Universal Pictures’ “Halloween Kills” — the latest installment in the long running franchise — brought in an estimated $50.3 million at the North American box office this weekend. That number exceeded industry expectations, which had
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By Alicia Wallace, CNN Business Pork, much like everything else these days, has gotten more expensive due in part to the supply chain issues and inflationary pressures spurred by the pandemic. And now comes another wildcard: The pork industry’s ability — and desire — to adapt to a new animal welfare law in California, its
Continue Reading By Paul R. La Monica, CNN Business For much of this year, Netflix shares have trailed big tech rivals Facebook, Apple and Amazon. That’s no longer the case, in part because of the global mega-hit “Squid Game.” Netflix’s stock was in the red for 2021 as recently as August. Investors worried it may have lost
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By Frank Pallotta, CNN Business The NFL had a rough week, and “Saturday Night Live” made sure to tackle it on this weekend’s episode. The NBC variety show kicked off with a cold open that covered the scandal around former Las Vegas Raiders head coach Jon Gruden, who resigned Monday after reports emerged of him
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Opinion by Denise Hamilton for CNN Business Perspectives Despite promises from across the corporate world to diversify leadership and give people of all backgrounds equal opportunities, women of color remain stuck with little to no progress in sight. A recent study from McKinsey and LeanIn.org found that while women overall have more high-ranking roles than
Continue Reading By Chris Isidore, CNN Business Workers are saying enough is enough. And many of them are either hitting the picket lines or quitting their jobs as a result. The changing dynamics of the US labor market, which has put employees rather than employers in the driver’s seat in a way not seen for decades, is
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By Ramishah Maruf, CNN Business Netflix fired an employee for sharing “confidential, commercially sensitive information” outside of the company about Dave Chappelle’s controversial stand-up special “The Closer,” the company confirmed to CNN on Saturday. The unidentified employee was an organizer of an upcoming walkout by the company’s trans employees, according to a report by The
Continue Reading By Ramishah Maruf, CNN Business Netflix fired an employee for sharing “confidential, commercially sensitive information” outside of the company about Dave Chappelle’s controversial stand-up special “The Closer,” the company confirmed to CNN on Saturday. The unidentified employee was an organizer of an upcoming walkout by the company’s trans employees, according to a report by The
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By Chris Isidore, CNN Business Hertz is going public again. The rental car company, which filed for bankruptcy early in the pandemic and emerged on June 30, has filed paperwork with the Securities and Exchange Commission for an initial public offering. The company signaled its plans for the IPO in August when it reported second
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By Sara Ashley O’Brien, CNN Business This week in the criminal trial of Theranos founder Elizabeth Holmes, jurors heard from a second former lab director of the blood-testing startup, former executives of the two major retailers that inked deals with the failed company, as well as the beginning of testimony from a former employee who
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By Parija Kavilanz, CNN Business Beauty addicts beware. Your Sephora addiction is about to get a whole lot worse. Sephora has launched a same-day delivery service just ahead of the holiday shopping season, which is set up to deliver purchases within two hours for a fee. Here’s how it works: customers who place an order
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By Nathaniel Meyersohn and Danielle Wiener-Bronner, CNN Business Thanksgiving 2021 may feel a lot more like a normal holiday than last year’s — many Americans have been vaccinated, and restrictions have eased across the country. And that means bigger turkeys are back, too. Grocery chains and retail analysts are expecting people to have bigger gatherings
Continue Reading By Nathaniel Meyersohn and Danielle Wiener-Bronner, CNN Business Thanksgiving 2021 may feel a lot more like a normal holiday than last year’s — many Americans have been vaccinated, and restrictions have eased across the country. And that means bigger turkeys are back, too. Grocery chains and retail analysts are expecting people to have bigger gatherings
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By Nathaniel Meyersohn, CNN Business Jay Foreman, the chief executive of toymaker Basic Fun, was in a bind over the summer. The end-of-year holiday shopping rush was quickly approaching, but Foreman was struggling to book shipping containers to ferry the company’s toys, which include Tonka trucks, Care Bears and Cutetitos. And when he did find
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