By Catherine Thorbecke, CNN Business Nearly three years after Adam Neumann stepped down as CEO of WeWork following a failed attempt to take the company public, he is said to once again be in charge of a billion-dollar real estate startup. Andreessen Horowitz, the prominent venture capital firm known for its early investments in Twitter
Continue Reading By Diksha Madhok, CNN Business The richest man on earth has once again created chaos and commotion on the internet with his tweets. Tesla’s billionaire CEO Elon Musk tweeted late on Tuesday that he was buying Manchester United soccer club. “Also, I’m buying Manchester United ur welcome,” Musk told his 103 million followers on Twitter,
Continue Reading By Ramishah Maruf, CNN The US Department of Labor proposed fines of almost $1.3 million for Dollar General after federal inspectors found workplace violations at three Georgia stores, the agency announced Monday. The DOL said it visited stores earlier this year in Pembroke, Hogansville and Smyrna and saw blocked exit routes, dangerously stacked merchandise boxes
Continue Reading By Jordan Valinsky, CNN Business About 13,000 pounds of frozen pizza made by Home Run Inn Frozen Foods is being recalled because of potential metal contamination. The pizza’s meat topping “may be contaminated with extraneous materials, specifically metal,” the US Department of Agriculture’s Food Safety and Inspection Service said in a release Sunday. Some customers
Continue Reading By Matt McFarland, CNN Business “Full self-driving,” the controversially named driver-assist feature from Tesla, may have finally met its match. Tesla’s foil isn’t a silver-haired US Senator, world-class autonomous driving experts, or some of the country’s preeminent safety advocates. They’ve all warned that “full self-driving” isn’t really full self-driving. The technology is designed to navigate
Continue Reading By Paul R. La Monica, CNN Business Disney wowed Wall Street last week with strong earnings thanks to solid Disney+ subscriber gains and healthy theme park attendance. But that’s not enough to completely win over one activist investor. Third Point has bought a new stake in Disney after selling one off earlier this year, the
Continue Reading By Danielle Wiener-Bronner, CNN Business Starbucks is requesting a suspension of mail-in ballots at unionization votes currently going on at its stores across America. The coffee chain is accusing National Labor Relation Board employees in Kansas and elsewhere of misconduct in handling these mail-in votes, actions it said has skewed results in favor of unionization.
Continue Reading A record number of Americans quit their jobs last year. The reasons for leaving varied: some workers were looking for new opportunities, others wanted more flexibility, higher pay or were starting new careers. But, the grass isn’t always greener when you take on a new role. Sometimes the workload isn’t what you thought it’d be
Continue Reading By Jeanne Sahadi, CNN Business There are plenty of advantages to being single. Among them: You can call the shots in your life without compromise. But being single may cost you more in spending, savings and benefits than being in a relationship with someone who shares in life’s financial obligations. The glaring exception, of course,
Continue Reading By Matt Egan, CNN Business In the latest sign of turbulence in the US economy, New York-area manufacturing suffered a large and unexpected setback in August, according to a survey released on Monday. The New York Federal Reserve said its Empire State Manufacturing Survey plunged by 42 points in August to -31.3. That marks the
Continue Reading By Matt Egan, CNN Business US natural gas prices have skyrocketed to levels unseen since 2008, a spike that threatens to offset the benefits of falling prices at the gas pump. Natural gas futures surged 7% on Tuesday to close at $9.33 per million British thermal unit (BTU), the highest closing price since August 1,
Continue Reading By Jordan Valinsky, CNN Business It’s not just Peloton that’s spinning into trouble: Indoor cycling studio SoulCycle is closing about 25% of its locations. It’s yet another signal that consumers’ exercise habits continue to change as the pandemic wears on. In the coming days, SoulCycle will shutter around 20 of its 83 studios: six in
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COLUMBIA, Mo. (KMIZ) The new school year is approaching as Mid-Missouri families deal with inflation. There are still ways to save money on last-minute back-to-school purchases. In Columbia, PowerHouse Community Development plans to host a back-to-school bash Friday from 2 until 6 p.m. at the MU Health Pavilion on Ash Street. Children that attend the
Continue Reading Opinion by Johnny C. Taylor, Jr. for CNN Business Perspectives As restaurants, malls and movie theaters fill back up with people, the workplace has remained nearly empty. This is partly driven by how engrained remote work has become in society. People have invested in creating workspaces in their homes, relocated to smaller towns and even
Continue Reading By Julia Horowitz, CNN Business The most powerful business lobby in the United States is not a fan of the landmark heath care and climate package President Joe Biden is expected to shortly sign into law. “Business Roundtable opposes the ‘Inflation Reduction Act,’ which, among other things, includes tax provisions that would undermine American economic
Continue Reading By Laura He, CNN Business China’s central bank cut interest rates on Monday as new data showed the economy losing steam last month because of renewed Covid lockdowns and a deepening property downturn. The People’s Bank of China reduced the main rate at which it provides short-term liquidity to banks, from 2.1% to 2%. The
Continue Reading By Rhea Mogul, CNN Standing in front of the historic Red Fort in Delhi, Prime Minister Narendra Modi on Monday pledged to transform India into a developed country in the next 25 years. “The way the world is seeing India is changing. There is hope from India and the reason is the skills of 1.3
Continue Reading By Ramishah Maruf, CNN Thousands of mental health therapists at the country’s largest non-profit HMO are poised to strike this week, holding daily picket lines and rallies outside Kaiser Facilities throughout California. The unionized psychologists, therapists, chemical dependency counselors and social workers are demanding that Kaiser Permanente provide “desperately needed” services to its patients, claiming
Continue Reading By Ramishah Maruf, CNN Byron Allen began his career as a standup comic and is now a media tycoon who owns dozens of outlets including the Weather Channel. He has recently added another network to his portfolio — the Black News Channel. Allen is acquiring the assets of the Black News Channel after a bankruptcy
Continue Reading By Alexandra Peers, CNN Business Credit agencies know a lot about Americans. The agencies accumulate information, such as Social Security numbers, birthdays, how much savings people have, how much debt they’re in and how late they pay their bills. That data is boiled down to a number ranging from 300-850 that estimates the risk of
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