By Jeanne Sahadi, CNN Business The announcement that Social Security retiree benefits will rise by 5.9% next year — the largest cost of living increase since 1982 — should be welcome news for many seniors. Besides the strain of the pandemic, those living on low to moderate incomes have been hit especially hard by the
Continue Reading
By Jordan Valinsky, CNN Business Wendy’s highly anticipated new french fries are officially on sale — and they’re coming with a guarantee. If you’re not happy with the fries, which have been reformulated to be extra hot and crispy, Wendy’s will replace them with no questions asked. Unsatisfied customers just have to bring them back
Continue Reading
By Kerry Flynn, CNN Business Adam Schefter, one of ESPN’s most prominent NFL reporters, appears to have violated typical journalistic standards in a newly-revealed email he sent in 2011 to Bruce Allen, who at the time was general manager of Washington Football Team (WFT). According to email exchanges filed as exhibits in a court case
Continue Reading
By Kerry Flynn, CNN Business Adam Schefter, one of ESPN’s most prominent NFL reporters, appears to have violated typical journalistic standards in a newly-revealed email he sent in 2011 to Bruce Allen, who at the time was general manager of Washington Football Team (WFT). According to email exchanges filed as exhibits in a court case
Continue Reading
By Chris Isidore, CNN Business Delta Air Lines took the unusual step of publicly disputing a viral rumor spread by an anti-vax podcast, which claimed one of Delta’s pilots recently died mid-flight days after getting a vaccine. Delta said no such thing happened. Mid-flight deaths are rare and airlines are legally required to report them
Continue Reading
By Hanna Ziady, CNN Business President Vladimir Putin has rejected accusations that Russia is deliberately driving natural gas prices higher in Europe by withholding exports. Speaking at an energy conference in Moscow on Wednesday, Putin called the accusations “politically motivated” and without evidence. His comments came as EU officials said lower than anticipated supplies of
Continue Reading
By Jackie Wattles, CNN Business Ninety-year-old William Shatner, who gained fame portraying Captain Kirk on the original “Star Trek,” just hitched a ride aboard a suborbital spacecraft that grazed the edge of outer space before parachuting to a landing, making Shatner the oldest person ever to travel to space. “That was unlike anything they described,”
Continue Reading
By Danielle Wiener-Bronner, CNN Business Last year, Halloween entailed homemade candy chutes — pipes that allowed people to send candy down to costumed children without getting too close — and pre-packaged goody bags left on stoops, curbs and outdoor tables. This year, families are eager to get back to trick or treating. That’s good news
Continue Reading By Frank Pallotta, CNN Business Michael Myers made a killing at the box office, even though he was also streaming. Universal Pictures’ “Halloween Kills” — the latest installment in the long running franchise — brought in an estimated $50.3 million at the North American box office this weekend. That number exceeded industry expectations, which had
Continue Reading
By Walé Azeez, CNN Business Should UK government officials be allowed to send each other “disappearing messages” on WhatsApp? A High Court judge has ruled that two campaign groups can pursue their case to end the practice. Nonprofit groups Foxglove and the Citizens were given the go ahead on Tuesday to challenge the use of
Continue Reading By Walé Azeez, CNN Business Should UK government officials be allowed to send each other “disappearing messages” on WhatsApp? A High Court judge has ruled that two campaign groups can pursue their case to end the practice. Nonprofit groups Foxglove and the Citizens were given the go ahead on Tuesday to challenge the use of
Continue Reading
By Paul R. La Monica, CNN Business JPMorgan Chase CEO Jamie Dimon is not known for mincing words or hiding his emotions. So the fact that the leader of America’s largest bank sounds very upbeat about the health of the US economy is noteworthy. Dimon said he is not worried about the possibility of inflation
Continue Reading
By Anneken Tappe, CNN Business US inflation remains much higher than anyone would like — consumers, the White House, the Federal Reserve… In September, prices stayed high, returning to a 13-year peak after dipping a bit in August. Consumer price inflation — one of the key inflation indicators — rose 0.4% in September, adjustefor seasonal
Continue Reading
By Chris Isidore, CNN Business Delta reported a quarterly operating profit in the third quarter, the first major US passenger airline to post a profit since the start of the pandemic. The company earned $194 million in the quarter, adjusted for special items. That’s down from $1.5 billion it earned in the quarter in 2019,
Continue Reading By Jackie Wattles, CNN Business Ninety-year-old William Shatner, who gained fame portraying Captain Kirk on the original “Star Trek,” just hitched a ride aboard a suborbital spacecraft that grazed the edge of outer space before parachuting to a landing, making Shatner the oldest person ever to travel to space. “That was unlike anything they described,”
Continue Reading
By Charles Riley, CNN Business US stocks have stumbled lower in recent weeks as investors try to assess the threat posed by snarled supply chains, a global energy crisis and rising inflation that could prompt central banks to pull back stimulus. “The market is tip toeing forward lost as it is in the fog and
Continue Reading
By Hanna Ziady and James Frater, CNN Business Soaring energy prices are a stark reminder of how dependent Europe is on fossil fuels and should serve to accelerate the shift towards renewable forms of energy. “This experience today of the rising energy prices is a clear wake up call… that we should accelerate the transition
Continue Reading
By Anneken Tappe, CNN Business The US government is stepping up its efforts to relieve the supply chain nightmare that has led to shortages of some goods, higher prices for consumes and now threatens to slow the economic recovery. The White House will work with companies and ports on a “90-day sprint” to alleviate bottlenecks,
Continue Reading
By Julia Horowitz, CNN Business The shift to clean energy is sending the oil industry into decline. But the world needs a much more ambitious plan to save the climate and achieve net-zero emissions by 2050. That’s according to the International Energy Agency, which said in its global energy outlook published Wednesday that more aggressive
Continue Reading
By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Netflix has — once again — changed the game. When the company began to expand internationally, it exported Hollywood-made films and TV shows to other countries. Now, about a decade
Continue Reading