By Chris Isidore, CNN Business Spirit Airlines said it will stick with its deal with Frontier Airlines, rejecting a more lucrative competing offer from JetBlue Airways. The airline said it doesn’t believe regulators would allow JetBlue to buy Spirit. “We believe a combination of JetBlue and Spirit has a low probability of receiving antitrust clearance
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By Nadeen Ebrahim, CNN When Russia’s invasion of Ukraine triggered an international food crisis, some Middle Eastern importers were hit particularly hard. An economically shattered Lebanon is fighting to avert a bread crisis, war-torn Yemen is already grappling with “alarming heights” of food insecurity, and Egypt, which last year imported 80% of its wheat from
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By Julia Horowitz, CNN Business As the economy began bouncing back from the coronavirus pandemic, interest in investment products that promoted good environmental, social and governance practices took off. But as markets have come under pressure this year, so-called “ESG” funds have started to struggle. What’s happening: Funds that prioritize responsible investments and ESG issues
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By Brian Fung, CNN Business The European Union is warning Apple about possible antitrust violations after an investigation into the iPhone maker’s dominance in mobile retail payments. The European Commission said Monday that it believes Apple has unfairly blocked competitors from using the wireless communications technology behind Apple Pay’s tap-to-pay capabilities. According to a statement
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By Matt Egan, CNN Business The United States is rapidly approaching a major jobs milestone that highlights the historically strong economic recovery from Covid-19. By the end of August, the labor market will have fully recaptured all jobs lost during the pandemic, Fitch Ratings projects in a new report shared first with CNN. If that
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By Diksha Madhok, CNN Business India has seized more than $700 million from one of China’s biggest tech companies after accusing it of moving money out of the country illegally. In a statement on Friday, India’s Enforcement Directorate — the country’s main financial investigation agency — accused the Indian subsidiary of smartphone maker Xiaomi of
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By Ramishah Maruf, CNN Reporting can be a risky profession, and in many parts of the world, it is becoming more dangerous than ever. This year to date, at least 17 journalists have been killed — and the real number is probably higher, CNN’s chief media correspondent Brian Stelter said on “Reliable Sources” Sunday. The
Continue Reading By Ramishah Maruf, CNN Reporting can be a risky profession, and in many parts of the world, it is becoming more dangerous than ever. This year to date, at least 17 journalists have been killed — and the real number is probably higher, CNN’s chief media correspondent Brian Stelter said on “Reliable Sources” Sunday. The
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By Parija Kavilanz, CNN Business Prices are going up for everything from food and cars to gas and clothes. Now, families can add summer camps to that growing list. Some 26 million children nationwide are expected to be enrolled in camps this year after schools wind down in just a few weeks. “Demand is extremely
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By Paul R. La Monica, CNN Business Warren Buffett’s Berkshire Hathaway has beaten the broader market so far this year. But the Oracle of Omaha wasn’t willing to declare himself an investing genius during Saturday’s annual shareholder meeting. Buffett simply said that the Berkshire Hathaway strategy is all about making rational decisions and investing for
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Opinion by Bill Carter for CNN Business Perspectives Every time a host leaves an established late-night show, the guessing game begins: Who will be the successor to Johnny Carson or David Letterman? Or, in this most recent case, James Corden at CBS? Corden announced Thursday that he will leave “The Late Late Show” next year.
Continue Reading Opinion by Bill Carter for CNN Business Perspectives Every time a host leaves an established late-night show, the guessing game begins: Who will be the successor to Johnny Carson or David Letterman? Or, in this most recent case, James Corden at CBS? Corden announced Thursday that he will leave “The Late Late Show” next year.
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By Nicole Goodkind, CNN Business Inflation is at a 40-year high, and Americans are feeling it. A gallon of gas costs about double what it cost in January 2021. Home prices were up a whopping 19.8% year-over-year in February. And, in March, groceries cost 10% more than they did a year earlier. Thankfully some analysts
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By Jordan Valinsky, CNN Business For fans of “The Real Housewives of New York City,” Bluestone Manor was more than home — it was essentially a bonus cast member. Dorinda Medley owns the lush 11,000-square-foot estate in western Massachusetts, which was the scene of several prolific fights and dinner parties during her six seasons on
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By Zoe Sottile, CNN There’s a new grill master in town, just in time for grilling season. Gayle Dudley, a longterm employee at a LongHorn SteakHouse in Georgia, was named “Grill Master Legend” after grilling 1 million steaks — one of just 14 employees to earn the title — according to a statement shared with
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By Ramishah Maruf, CNN Up to a quarter million Ford Explorers are being recalled due to a mechanical problem that can cause the SUV to roll away while it’s parked, according to documents from the National Highway Traffic Safety Administration. The document said a bolt in the rear axle mounting could fracture and cause the
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By Yenny Sanchez, CNN Looking for a juicy alternative to oat bran and milk? Tropicana is introducing a new cereal that’s made specifically for orange juice. Tropicana Crunch, a crispy honey almond cereal, will be available starting May 4, which also happens to be National Orange Juice Day. “Prepare your mind and cereal bowl for
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By Rishi Iyengar, CNN Business Just two days after he announced he would buy Twitter, Elon Musk sent out a deluge of tweets about his plans for the social media platform. One stood out for its broad appeal. “Twitter DMs should have end to end encryption like Signal, so no one can spy on or
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By Peter Valdes-Dapena, CNN Business The way we buy cars in America is just weird. Just think about it for a moment. When you want to buy a refrigerator, you don’t go to a Whirlpool store, then a Maytag store and a Bosch store. You go to an appliance store. And even if there is
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By Nathaniel Meyersohn, CNN Business Ikea is known for sprawling showrooms, cheap flat-pack furniture and, of course, Swedish meatballs. The retail giant sells more than a billion of its trademark Swedish meatballs at cafeterias in stores every year. The meatballs have become a symbol of Ikea’s friendly Scandinavian brand image and central to the retailer’s
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