By Diksha Madhok, CNN Business PayPal is not looking to buy Pinterest, the digital payments company said Sunday, following reports that it was exploring yet another big-ticket acquisition. In a succinct statement made “in response to market rumors,” PayPal said it’s “not pursuing an acquisition of Pinterest at this time.” Shares in PayPal gained 6.7%
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By Laura He, CNN Business Evergrande is starting to pay off its overdue debts and restart stalled real estate projects. Now the embattled Chinese developer is reportedly signaling that it wants to move away from housing and focus on cars. Chairman Xu Jiayin, also known as Hui Ka Yan in Cantonese, said Friday that the
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By Diksha Madhok, CNN Business The parody cryptocurrency shiba inu coin just climbed to an all-time high and is one of the biggest digital currencies by market value. Shiba coin — which appears to be inspired by dogecoin, itself a meme currency — is up more than 40% over the last seven days, according to
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By Helen Regan, CNN Business China plans to cut its reliance on fossil fuels to below 20% by 2060, according to a cabinet document published in state media Sunday. While the document detailed new measures on how the world’s biggest polluter will decarbonize, the country is not updating its pledge to reduce emissions. The guidelines
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By Anneken Tappe, CNN Business America’s worker shortage is alive and well, much to the misfortune of US companies that need staff to keep up with demand. The National Association of Business Economics (NABE) found that nearly half — 47% — of respondents to its Business Conditions Survey reported a shortage of skilled workers in
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By Frank Pallotta, CNN Business “Dune” — the science fiction epic from Warner Bros. — took in an estimated $40.1 million at the North American box office this weekend. The total exceeded expectations that had the film earning about $30 million. It was also the largest opening for Warner Bros. this year and capped off
Continue Reading By Frank Pallotta, CNN Business “Dune” — the science fiction epic from Warner Bros. — took in an estimated $40.1 million at the North American box office this weekend. The total exceeded expectations that had the film earning about $30 million. It was also the largest opening for Warner Bros. this year and capped off
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By Stefano Pozzebon When Beatriz Porras was studying agronomy at university in Tunja, Colombia, she thought her career would lead to growing coffee, like her parents, or flowers, the traditional agricultural staples for the country’s export market. Back then, growing marijuana was illegal, and security forces targeted plantations with forced eradication campaigns aimed at stemming
Continue Reading Opinion by Bill Carter for CNN Business Perspectives I don’t know what people expected from “The Sopranos” prequel movie, “The Many Saints of Newark,” but many of the reactions have been along the lines of, “It’s good; but not as good as the TV show.” (That happens to be mine, as well.) Meanwhile, some of
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By Julia Horowitz, CNN Business You’ve already noticed prices going up at the supermarket and the drugstore. Unfortunately, more sticker shock could be around the corner. What’s happening: Companies that make consumer goods are announcing price increases left and right. Faced with persistent higher costs, they don’t expect the situation to moderate any time soon.
Continue Reading By Frank Pallotta, CNN Business “Saturday Night Live” offered audiences not one, not two, but three Joe Biden’s on Saturday night. The NBC variety show opened Saturday’s episode with President Biden, played by James Austin Johnson, bummed out that no one likes him as much as they used to. “I don’t understand. People used to
Continue Reading By Frank Pallotta, CNN Business “Saturday Night Live” offered audiences not one, not two, but three Joe Biden’s on Saturday night. The NBC variety show opened Saturday’s episode with President Biden, played by James Austin Johnson, bummed out that no one likes him as much as they used to. “I don’t understand. People used to
Continue Reading By Ramishah Maruf, CNN Business Walmart announced its corporate employees will return to the office during the week of Nov. 8, the company said Friday. “We had a way of working before the pandemic and we developed an effective way of working during the pandemic. Now, I’m excited about our new, more flexible way of
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By Sara Ashley O’Brien, CNN Business One witness occupied the stand for the better part of week seven in the criminal trial of Theranos founder Elizabeth Holmes. For two days straight, jurors heard testimony from former Theranos insider Daniel Edlin, who was a friend of Holmes’ brother and worked at the failed blood testing startup
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by Sofia Barrett Twenty years ago this weekend, Apple launched the original, iconic iPod. Six years later, I was gifted my first and only version of the device: a third-generation iPod Nano, fit with a square screen, a click wheel and an engraving on the back: “Sofia Barrett, Happy 11th Birthday.” By that time, the
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By Rishi Iyengar, CNN Business Apple plans to give customers the ability to repair their own devices amid growing pressure from regulators and consumers around the world for manufacturers to ease restrictions on fixing products. The company on Wednesday announced a new program that will make spare parts for Apple products available to purchase starting
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By Jordan Valinsky, CNN Business Black Friday always starts early, but this year, the holiday shopping bonanza is kicking off earlier than ever — more than a month sooner than usual. Major retailers are pushing people to shop earlier than ever this year so shoppers can grab some deals — if they can find them
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By Donie O’Sullivan, Tara Subramaniam and Clare Duffy, CNN Business Just days after insurrectionists stormed the Capitol on January 6th, Facebook’s Chief Operational Officer Sheryl Sandberg downplayed her company’s role in what had happened. “We know this was organized online. We know that,” she said in an interview with Reuters. “We… took down QAnon, Proud
Continue Reading By Donie O’Sullivan, Tara Subramaniam and Clare Duffy, CNN Business Just days after insurrectionists stormed the Capitol on January 6th, Facebook’s Chief Operational Officer Sheryl Sandberg downplayed her company’s role in what had happened. “We know this was organized online. We know that,” she said in an interview with Reuters. “We… took down QAnon, Proud
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By Jordan Valinsky, CNN Business SkyWest, a regional airline that operates flights for several major US carriers, has canceled and delayed thousands of flights over the past two days. The airline explained that it experienced an “operational disruption” on Thursday, and that the cancellations and delays cascaded into Friday because it had to get “crew
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