By Clare Duffy, CNN Business Last week, the Associated Press announced the creation of an unusual new position: a democracy editor. Tom Verdin — a more than 20-year veteran of the AP who spent the past seven years leading its state government team — will take up the role,managing coverage on challenges to democracy, voting
Continue Reading By Catherine Thorbecke, CNN Business President Joe Biden said he was “proud” of Apple’s retail workers in Towson, Maryland, who voted this weekend to form the first-ever labor union at one of the tech giant’s US stores. “I’m proud of them,” the President told reporters from Rehoboth Beach, Delaware, on Monday. “Workers have a right
Continue Reading By Zoe Sottile, CNN There really is no such thing as a free lunch. An anonymous bidder paid a record-breaking $19 million for a private steak lunch with legendary investor Warren Buffett. The sale was part of the 21st annual auction for a lunch with Buffett, produced in collaboration with eBay and the Glide Foundation,
Continue Reading By Chris Isidore, CNN Business US drivers got a slight — very slight — break on prices this weekend as the AAA average for a gallon of unleaded gas fell below the $5 mark. The average price Sunday was $4.98 a gallon, down from $4.99 in Saturday’s reading. The average gas price had been $5
Continue Reading By Frank Pallotta, CNN Business “Lightyear” wasn’t able to get enough buzz at the box office this weekend. The latest film from Disney’s Pixar — which features the voice work of Chris Evans as Buzz Lightyear — opened to an estimated $51 million at the North American box office this weekend. That number came in
Continue Reading By Frank Pallotta, CNN Business “Lightyear” wasn’t able to get enough buzz at the box office this weekend. The latest film from Disney’s Pixar — which features the voice work of Chris Evans as Buzz Lightyear — opened to an estimated $51 million at the North American box office this weekend. That number came in
Continue Reading By Inke Kappeler and Tara John, CNN Germany must reduce natural gas consumption and increase the burning of coal in order to help fill gas storage facilities for next winter, German Economy Minister Robert Habeck announced Sunday as the country moves away from reduced Russian gas supplies. “The situation is serious,” Habeck said in a
Continue Reading By Catherine Thorbecke and Chris Isidore, CNN Apple workers in Towson, Maryland, have voted to form the first-ever labor union at one of the tech giant’s US stores. The landmark union election concluded on Saturday evening with 65 workers voting for unionization and 33 against it, a nearly two-to-one margin in favor of the union,
Continue Reading Opinion by Jonathan Reckford and Lisa Rice for CNN Business Perspectives It is ironic and fitting that every June, our nation recognizes both Juneteenth and homeownership, which the George W. Bush administration turned into a month-long observance. Juneteenth is the celebration of Black people’s liberation and theoretical ability to participate fully in the American Dream.
Continue Reading Opinion by Jonathan Reckford and Lisa Rice for CNN Business Perspectives It is ironic and fitting that every June, our nation recognizes both Juneteenth and homeownership, which the George W. Bush administration turned into a month-long observance. Juneteenth is the celebration of Black people’s liberation and theoretical ability to participate fully in the American Dream.
Continue Reading By Nicole Goodkind, CNN Business The mission of the Federal Reserve is to foster the stability of US monetary systems. It’s the reason the central bank was created in 1913, and it’s the reason it still exists today. So when inflation threatens to potentially destabilize the dollar, it’s the Fed’s job to spring to action.
Continue Reading By Brian Stelter and Nicole Goodkind, CNN Mark Shields, the political sage and longtime analyst for CNN and PBS, died Saturday morning at the age of 85, the anchor of PBS NewsHour confirmed. Shields was well known for his “encyclopedic knowledge of American politics, his sense of humor and mainly his big heart,” wrote Judy
Continue Reading By Brian Stelter and Nicole Goodkind, CNN Mark Shields, the political sage and longtime analyst for CNN and PBS, died Saturday morning at the age of 85, the anchor of PBS NewsHour confirmed. Shields was well known for his “encyclopedic knowledge of American politics, his sense of humor and mainly his big heart,” wrote Judy
Continue Reading By Nicole Goodkind, CNN Business Americans gained a new federal holiday last year: Juneteenth. This year the holiday, which commemorates of the end of slavery in the United States, falls on Sunday but it will be observed in many places on Monday, June 20. Given that this long summer weekend also coincides with Father’s Day,
Continue Reading By Nicole Goodkind, CNN Business The price of bitcoin breached $19,000 and ethereum fell below $1,000 Saturday morning, extending the brutal crypto bear market to new lows. Bitcoin plunged nearly 10% in less than 24 hours, adding to a series of sustained losses over the last several months. It now sits below $20,000 for the
Continue Reading By Parija Kavilanz, CNN Business In 2020, when the pandemic brought all nonessential travel to a grinding halt, Ami and Jason Richter had to think fast. They were running a flourishing business called Lug that sold fun travel bags and accessories and had a growing legion of fans, which included Oprah. But as travel bans
Continue Reading By Nathaniel Meyersohn, CNN Business Most Americans facing record gas prices cringe when they fill up their tanks. But not people in New Jersey and Oregon. They’re not allowed to touch the gas nozzle. Seriously. In New Jersey, it’s been illegal for drivers to pump their own gas since 1949. A ban on self-service gas
Continue Reading By Zoe Sottile, CNN Cheese-lovers can now wear their favorite dairy product on their fingertips, thanks to Velveeta and British nail polish brand Nails Inc. A limited-edition set of two cheese-scented polishes will cost cheese fanatics $15 on the Nails Inc. website. It includes two shades: “Finger Food,” a bright red, and “La Dolce Velveeta,”
Continue Reading By Frank Pallotta, CNN Business Vince McMahon is in the middle of a corporate firestorm, but he still opened the company’s wrestling telecast “Smackdown” on Friday. “Mr. McMahon,” the executive’s in-ring persona, kept things short. “It’s a privilege as always to stand before you here tonight,” McMahon said to the crowd in Minneapolis, Minnesota. McMahon
Continue Reading By Frank Pallotta, CNN Business Vince McMahon is in the middle of a corporate firestorm, but he still opened the company’s wrestling telecast “Smackdown” on Friday. “Mr. McMahon,” the executive’s in-ring persona, kept things short. “It’s a privilege as always to stand before you here tonight,” McMahon said to the crowd in Minneapolis, Minnesota. McMahon
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