Money

By Jessie Yeung and Kocha Olarn, CNN Business Crowded factories in Asia’s manufacturing hubs seemed curiously immune to coronavirus as it spread through most of the world last year. By the end of 2020, Thailand and Vietnam had reported fewer than 200 deaths between them, and Cambodia and Laos didn’t report any at all. But

By Allison Morrow, CNN Business Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. Welcome back to a four-day workweek, aka what every week should be. Let’s get into it. THE HANGOVER If you’re feeling a little sluggish today after

By Frank Pallotta, CNN Business Universal Pictures and Peacock announced that new films from the studio will head exclusively to NBCUniversal’s nascent streaming service after they play in theaters. Under a new licensing agreement, which starts with the 2022 theatrical slate, Universal’s movies will be available exclusively on Peacock no later than four months after

By Danielle Wiener-Bronner, CNN Business After years of declining sales, Subway is hoping to reintroduce itself to customers and convince them to give its sandwiches a shot. Next week, Subway restaurants across the country will unveil an updated menu designed to improve items across the board. The chain says the move is the biggest menu

By Anneken Tappe, CNN Business Wall Street has been on fire the past several weeks, with the S&P 500 setting seven consecutive record highs through Friday’s close. That streak came to an end Tuesday. The Dow fell 209 points, or 0.6%. The index had been down by as much as 427 points at one point

By Paul R. La Monica, CNN Business Many investors are still betting against top momentum and Reddit meme stocks — despite getting burned in the process. Richard Branson’s space tourism company Virgin Galactic is one of the most heavily shorted stocks among customers of online broker TradeZero America. Shares of Virgin Galactic have nearly doubled

By Michelle Toh, CNN Business Didi shares plunged almost 20% Tuesday in New York as fallout continued over news of the company’s troubles in China. The company’s stock, which made its US debut only last week, closed down 19.6% on Tuesday at $12.49, well below its closing price of $15.53 on Friday. Tuesday was the

Didi shares plunged as much as 22% in premarket trading as fallout continued over news of the company’s troubles in China. CNN’s David Culver reports.

By Amy Woodyatt, CNN Business Trials of a shorter working week in Iceland have been hailed as an “overwhelming success” by researchers. Public sector employees taking part in two large trials between 2015 and 2019 worked 35-36 hours per week, with no reduction in pay. Many participants had previously worked 40 hours a week. The

By Jordan Valinsky, CNN Business Former Xerox CEO Ursula Burns has been named chairwoman of Teneo, the embattled consulting firm that is still dealing with the fallout from the resignation of its CEO, reportedly over drunken behavior at a party. Burns’ appointment is effective immediately, according to a company statement. She’s not a stranger to

By Frank Pallotta, CNN Business AMC, the largest theater chain in the world, announced Tuesday that it is ditching plans to sell 25 million additional shares of its stock. The company said in a filing with the Securities and Exchange Commission that it has withdrawn the proposal from the agenda for its annual shareholder meeting,