By Brian Stelter, CNN Business Discovery and AT&T received a long-awaited green light from the Justice Department on Wednesday, driving the two companies closer to completing Discovery’s takeover of WarnerMedia. AT&T is planning to spin off CNN and the rest of WarnerMedia in the coming months, at which point Discovery will merge with WarnerMedia, creating
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By Julia Horowitz, CNN Business Economists and investors have been closely watching climbing producer prices and wages for clues on where inflation is heading. They’re rising, which could add to inflationary pressure in the coming months. But on another front — supply chain backlogs — there are some welcome signs of relief. What’s happening: An
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By Samantha Murphy Kelly, CNN Business Samsung’s Galaxy Note smartphone line appears to be discontinued. But for those who miss it, the Note lives on in one of Samsung’s new flagship devices. The company announced during a virtual event on Wednesday its next-generation flagship Galaxy S smartphones: the Galaxy S22, Galaxy S22 Plus and the
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By Rob North and Chris Liakos Maersk has a front-row seat to global supply chains. It says more trouble is ahead. The supply chain issues that have walloped the global economy and spurred inflation during the coronavirus pandemic are not getting much better, Maersk CEO Søren Skou told CNN Business on Wednesday. “Right now the
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By Danielle Wiener-Bronner, CNN Business The tide could be turning on consumers’ willingness to pay higher prices, Coca-Cola CEO James Quincey warned Thursday. Consumer goods companies have been steadily hiking prices as their own production costs rise, and so far, shoppers seem to be accepting the increases. Executives at McDonald’s, Chipotle and elsewhere have recently
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By Christine Romans, CNN Business There’s an uninvited guest coming to your Super Bowl party this year: inflation. Last year’s shindig may have been a casualty of Covid hibernation. This year, with mass vaccinations and more widespread testing, such a get-together is finally possible. And with it comes a grocery bill that reflects the surging
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By Kathryn Vasel, CNN Business Job listings can be extremely detailed, with long lists of responsibilities and required skills, descriptions of company culture and perks, and numerous other reasons for why you might want to work there. But there’s often one glaring omission: the pay. Only about 12% of postings from US online job sites
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By Danielle Wiener-Bronner, CNN Business Gaming is big business. And snack makers want in. Beverage brands have long been advertising directly to gamers. Red Bull has been active in the esports world for years, Monster Energy made waves when it appeared prominently in the game Death Stranding and PepsiCo has even developed a product, Mountain
Continue Reading By Danielle Wiener-Bronner, CNN Business Gaming is big business. And snack makers want in. Beverage brands have long been advertising directly to gamers. Red Bull has been active in the esports world for years, Monster Energy made waves when it appeared prominently in the game Death Stranding and PepsiCo has even developed a product, Mountain
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By Peter Valdes-Dapena, CNN Business Americans love Italian cars if they have big price tags and names like Ferrari and Lamborghini. But more mass-market Italian manufacturers like Fiat and Alfa Romeo have struggled to find their way into the hearts of American car buyers. Alfa Romeo does have its ardent fans in the United States.
Continue Reading By Peter Valdes-Dapena, CNN Business Americans love Italian cars if they have big price tags and names like Ferrari and Lamborghini. But more mass-market Italian manufacturers like Fiat and Alfa Romeo have struggled to find their way into the hearts of American car buyers. Alfa Romeo does have its ardent fans in the United States.
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By Clare Duffy and Brian Fung, CNN Business Peter Thiel, the controversial billionaire tech founder and investor, has used his fortune to encourage kids to skip college, to back a lawsuit that bankrupted Gawker Media and to donate to the presidential campaign of Donald Trump when many in Silicon Valley were strongly opposed to him.
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By Jordan Valinsky, CNN Business McDonald’s is getting ready for spring with the arrival of the Shamrock Shake. Beginning February 21, the fan-favorite milkshake — as well as an Oreo Shamrock McFlurry — will go on sale at US restaurants for a limited time. Prices vary by location. This year, McDonald’s is also releasing the
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By Julia Horowitz, CNN Business Buying a burrito bowl or a burger will hit your wallet a lot harder these days. What’s happening: An order at Chipotle costs about 10% more than it did one year ago, the restaurant chain said when reporting earnings on Tuesday. That means that if a steak burrito cost $8
Continue Reading By Samantha Murphy Kelly, CNN Business Samsung’s Galaxy Note smartphone line appears to be discontinued. But for those who miss it, the Note lives on in one of Samsung’s new flagship devices. The company announced during a virtual event on Wednesday its next-generation flagship Galaxy S smartphones: the Galaxy S22, Galaxy S22 Plus and the
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By Frank Pallotta, CNN Business Wall Street was not kind to Netflix when the streaming giant released its year-end results last month. Weak financial guidance sent its stock tumbling. Is Disney+ — the other big name in streaming — about to take a similar beating? Disney is set to report first-quarter earnings on Wednesday and
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By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Reporters who cover the US military are alarmed by a lack of access right now. For decades, American journalists have been granted embed opportunities when American military forces deploy abroad.
Continue Reading By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Reporters who cover the US military are alarmed by a lack of access right now. For decades, American journalists have been granted embed opportunities when American military forces deploy abroad.
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By Rachel Metz, CNN Business On Monday, the Internal Revenue Service halted a plan that would have forced taxpayers to verify their identities with facial recognition software before signing on to its website. A day later, the company behind that software, ID.me, said it will make it possible for people to skip the controversial technology
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By Allison Morrow, CNN Business Starbucks fired seven workers who were involved in unionizing in Memphis, Tennessee, fueling accusations that the company is retaliating against a growing labor movement at its locations across the United States. Starbucks denied that the firings were linked to the employees’ organizing efforts. A company spokesman, Reggie Borges, said the
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