By Paul R. La Monica, CNN Business It’s a magical world again for Mattel. The toy company won back the rights to make dolls based on Disney’s princess characters, including Frozen’s Elsa and Anna, Jasmine from “Aladdin” along with Snow White, Cinderella, Ariel, Moana and other Disney heroines. Mattel rival Hasbro took over the Disney
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By Celine Alkhaldi, Eoin McSweeney and Hamzeh Noami, CNN Casino operator Wynn Resorts has inked a deal to build a luxury resort in Ras Al Khaimah in the United Arab Emirates. “The planned destination will feature a luxury hotel with more than 1,000 rooms, world-class shopping, state-of-the-art meeting and convention facility, an exclusive spa, more
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By Paul R. La Monica, CNN Business It’s been a little more than a year since the meme mania in GameStop began. It’s shaped up to be, to put it extremely mildly, a wild ride for it and other meme stocks like movie theater chain AMC ever since. GameStop and AMC are up sharply from
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By Jordan Valinsky, CNN Business Twitter has suspended an annoying bot that automatically responded with the next day’s solution when people posted their Wordle scores on the platform. The account, @wordlinator, would tweet: “Guess what. People don’t care about your mediocre linguistic escapades. To teach you a lesson, tomorrow’s word is…,” then adding the spoiler
Continue Reading By Jordan Valinsky, CNN Business Twitter has suspended an annoying bot that automatically responded with the next day’s solution when people posted their Wordle scores on the platform. The account, @wordlinator, would tweet: “Guess what. People don’t care about your mediocre linguistic escapades. To teach you a lesson, tomorrow’s word is…,” then adding the spoiler
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By Jordan Valinsky, CNN Business McDonald’s fans have long been creating menu hacks like using hash browns as a bun. Now the chain is putting some of them on the menu. Beginning January 31 and for a limited time, McDonald’s will sell four menu hacks popularized by its biggest fans. It’s the first-time ever that
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Opinion by Dana Peterson for CNN Business Perspectives Prices are rising for nearly everything, biting into everyone’s income. But the surging cost of food, specifically, hits especially hard, exacerbating the wealth and income disparities between the richest and poorest Americans. The Federal Reserve has been patient throughout the Covid-19 pandemic about achieving full employment to
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By Chris Isidore, CNN Business Many major employers are going ahead with policies to require employees to take steps to combat Covid-19, even if the Supreme Court says they don’t have to do so. A survey by management consultant Gartner of more than 200 major employers last week found 30% still are requiring or will
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By Julia Horowitz, CNN Business The market has churned intensely this week as investors get to grips with expectations that the Federal Reserve will soon begin aggressively hiking interest rates in an effort to cap surging inflation. What’s happening: Trading on Tuesday was another rollercoaster ride, with the S&P 500, Dow and Nasdaq Composite all
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By Paul R. La Monica, CNN Business The Federal Reserve may have a playbook for how it plans to tackle inflation and keep the economy humming along. But as any sports fan knows, the best coaches always have to adapt to what’s happening in the game. Sometimes, the strategy has to change. Investors understandably don’t
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By Chris Isidore, CNN Business Boeing took nearly $4 billion in charges related to problems it had with its 787 Dreamliner, causing losses to soar for the third straight year. The company had already been hit with the problems surrounding the 737 Max, which was grounded for 20 months starting in 2019 following two fatal
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By Chris Isidore, CNN Business Time could be running out for the Chevrolet Bolt, the electric vehicle that only five years ago was positioned as General Motors’ best chance to overtake Tesla. On Tuesday, GM announced a $35 billion investment in EVs by 2025, including $4 billion to build electric versions of its best-selling pickups,
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By Samantha Murphy Kelly, CNN Business Apple posted record revenue during the all-important holiday quarter even as it continued to grapple with supply chain shortages. The company on Thursday reported $123.9 billion in revenue for the final months of the year, an 11% increase from the year prior, fueled by demand for its latest lineup
Continue Reading By Paul R. La Monica, CNN Business It’s been a little more than a year since the meme mania in GameStop began. It’s shaped up to be, to put it extremely mildly, a wild ride for it and other meme stocks like movie theater chain AMC ever since. GameStop and AMC are up sharply from
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By Anneken Tappe, CNN Business The Omicron variant put America’s recovery through the ringer. But the post-Thanksgiving timing may mean the economic scorecard for the final quarter of 2021 could still look decent. At least that’s what economists are hoping. Omicron caused infections to skyrocket, businesses to struggle and workers to stay home sick in
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By Nectar Gan and CNN’s Beijing Bureau, CNN Business More than two decades after its release, “Fight Club” has been given a very different ending in China — and this time, the authorities win. Chinese fans of David Fincher’s cult classic were enraged over the weekend when they noticed a version of the movie available
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By Laura He, CNN Business China’s top cybersecurity regulator is vowing to crack down on “illegal” online content as part of a campaign to clean up the internet ahead of the Beijing Winter Olympics and one of the country’s most important annual holidays. The Cyberspace Administration of China announced Tuesday that its month-long internet “purification”
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The Southern Boone School District is asking the public to vote on the $3 million no-tax-increase bond issue.
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By Samantha Murphy Kelly, CNN Business Apple has been granted a restraining order against a woman who allegedly threatened, harassed and stalked CEO Tim Cook for more than a year. In a court filing late last week with the Santa Clara County Superior Court, Apple said a woman from Virginia has exhibited “erratic, threatening and
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By Clare Duffy, CNN Business Some manufacturers that rely on semiconductors are down to less than five days’ worth of inventory, according to a report released Tuesday by the Commerce Department, in the latest indication of the extent of the computer chip shortage. The report, based on more than 150 responses to a Commerce Department
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