By Kerry Flynn, CNN Business Natalie Morales said farewell on Friday to her viewers and colleagues on “Today” after 22 years at NBC. Morales, who worked as an anchor for “Today” and correspondent for “Dateline NBC,” is leaving the network to join CBS as a host of its afternoon program, “The Talk.” On Friday, “Today”
Continue Reading
By Sara Ashley O’Brien, CNN Business After testimony from 29 witnesses, federal prosecutors are resting their case against Elizabeth Holmes, the former CEO and founder of failed blood testing startup Theranos. Over the course of 31 court days spread out over nearly three months, jurors heard from a broad assortment of witnesses in the San
Continue Reading
By Parija Kavilanz, CNN Business An animated dumpling called “Dart,” with a shiny gold chrome body that pops out of its head when you squeeze its squishy cheeks, is creating quite a stir as parents scramble to score one of this year’s must-have toys. Dart belongs to a family of interactive dumplings from toymaker WowWee
Continue Reading
By Peter Valdes-Dapena, CNN Business Hyundai and Kia look to be going big with their future electric SUVs. The South Korean automaker siblings both unveiled large electric SUV concept vehicles at the Los Angeles Auto Show on Wednesday that, both companies said, offer a preview of real future models. The Hyundai Seven concept has no
Continue Reading
By Walé Azeez, CNN Business The threat by the Women’s Tennis Association (WTA) to quit China after one of its stars, Peng Shuai, disappeared from public view, leaves at least two global brands watching anxiously to see how this will play out. Peng, a two-time former Grand Slam doubles champion, has vanished from the public
Continue Reading
By Matt Egan, CNN Business The Marriott hotel in Prague refused to host a conference this month aimed at drawing attention to alleged human rights abuses in China, the hotel chain confirmed to CNN on Friday. The Prague Marriott cited “reasons of political neutrality” for its decision to decline to host the World Uyghur Congress,
Continue Reading
By Rachel Metz, CNN Business Every time you pick up your smartphone, you’re summoning algorithms. They’re used for everything from unlocking your phone with your face to deciding what videos you see on TikTok to updating your Google Maps route to avoid a freeway accident on your way to work. An algorithm is a set
Continue Reading By Rachel Metz, CNN Business Every time you pick up your smartphone, you’re summoning algorithms. They’re used for everything from unlocking your phone with your face to deciding what videos you see on TikTok to updating your Google Maps route to avoid a freeway accident on your way to work. An algorithm is a set
Continue Reading
By Matt McFarland, CNN Business Westport, Connecticut police chief Foti Koskinas would love it if his patrol cars could drive themselves, but his department isn’t buying Teslas equipped with “full self-driving.” Local governments like Westport and businesses big and small sing the benefits of electric vehicles like Teslas. Westport has saved thousands on fuel and
Continue Reading
By Matt Egan, CNN Business The oil market has gone from booming to busting, much to the relief of inflation-weary American drivers ahead of the Thanksgiving holiday. US crude tumbled to a fresh seven-week low on Friday, settling at $76.10 a barrel. The slide is good news for American drivers hurt by the seven-year high
Continue Reading
By Frank Pallotta, CNN Business In 1984, a film about three New York City owners of an unconventional startup took the country by storm, leading people — young and old — to ask one simple question: “Who you gonna call?” That film was “Ghostbusters,” one of the most successful comedies of all time. Now, 37
Continue Reading By Frank Pallotta, CNN Business In 1984, a film about three New York City owners of an unconventional startup took the country by storm, leading people — young and old — to ask one simple question: “Who you gonna call?” That film was “Ghostbusters,” one of the most successful comedies of all time. Now, 37
Continue Reading
By Nathaniel Meyersohn, CNN Business CVS is heading in the wrong direction: Traditional pharmacies are on the decline, and America’s largest drug store chain plans to close about one in 10 of its outdated locations. One company is particularly primed to take advantage — and it’s not Walgreens or Rite Aid. Dollar General has rapidly
Continue Reading
By Matt Egan, CNN Business Democratic Senators Sheldon Whitehouse and Jeff Merkley on Friday came out against to keeping Jerome Powell at the helm of the Federal Reserve due to what they see as his insufficient response to the climate crisis. The opposition further complicates the imminent decision by President Joe Biden on whether to
Continue Reading
By Julia Horowitz, CNN Business In spring 2020, in the depths of coronavirus lockdowns, investors couldn’t dump Macy’s stock fast enough. Shares fell as low as $4.38 apiece. That was then. On Thursday, Macy’s stock jumped 21% after the company reported better-than-expected earnings. That brought gains so far this year to more than 230%. A
Continue Reading By Paul R. La Monica, CNN Business It’s no secret that consumers love Amazon, Walmart and Target. But they are not the only retailers that bargain-hunting shoppers — or investors — are expected to flock to during the holidays. With Black Friday a week away, the SPDR S&P Retail ETF is up an astonishing 61%
Continue Reading
By Julia Horowitz, CNN Business For months, there have been warnings to shoppers: Get through your holiday to-do list early. Wait until Black Friday or later, and you may not be able to find what you want. But as stores prepare for the peak of the most important season for retailers, bigger companies are starting
Continue Reading
By Esha Mitra and Rhea Mogul CNN Santosh Singh’s earliest memory is of tilling soil on his family’s farm. Now, the 70-year-old farmer’s eyes gleam with pride as he recalls watching his grandson do the same. But Singh hasn’t been home to Punjab for one year since he joined farmers at one of three protest
Continue Reading
By Laura He and Paul R. La Monica, CNN Business Shares of Alibaba plummeted in Hong Kong on Friday after the tech giant warned of weaker growth this year as China’s economy slows and Beijing continues its regulatory crackdown. Alibaba dropped 10.7%, the steepest decline since its listing in the city in November 2019. The
Continue Reading
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. In the words of Committee to Protect Journalists executive director Joel Simon, “To practice journalism in the face of grave danger requires a profound sense of optimism and a sincere
Continue Reading