By Chris Isidore, CNN Business Gasoline for less than $4 a gallon is back, at least in some spots. Nearly one in five gas stations is charging under the $4 mark for a gallon of regular gas, according to OPIS, which surveys US gas stations to compute price averages for AAA. That’s about 24,000 stations
Continue Reading By Vanessa Yurkevich, CNN The Staten Island ferry, known for getting residents and commuters to and from Lower Manhattan to Staten Island in 25 minutes, is slowing the frequency of rides, due to an uptick in Covid-19 cases among its staff members, the New York City Department of Transportation announced. New York City’s positivity rate
Continue Reading By Brian Fung, CNN Business Two Democratic senators are planning to reopen a high-stakes battle over internet access in the coming weeks, with a bill aiming to restore net neutrality regulations for broadband providers that a Republican-led Federal Communications Commission gutted in 2017. The draft bill from Sens. Ed Markey and Ron Wyden would explicitly
Continue Reading By Danielle Wiener-Bronner, CNN Business As prices surge and the UK economy struggles more than most of its peers, Starbucks is reportedly looking for an exit. The company is engaged with advisers to determine whether it could — or should — sell its business in the United Kingdom, according to UK newspaper The Times. Asked
Continue Reading By Danielle Wiener-Bronner, CNN Business KFC is trying out a new type of chicken nugget in an effort to attract younger consumers. Starting Monday, the chicken chain is offering Kentucky Fried Chicken Nuggets in restaurants in Charlotte, North Carolina, for a limited time. The nuggets are made with white meat and KFC’s signature 11 herbs
Continue Reading By Eoin McSweeney, Mostafa Salem and Celine Alkhaldi France is in the midst of an energy crisis: Russia continues to cut off supply to Europe while historic heatwaves are causing a spike in demand for gas to cool homes. A cold winter lies ahead if prices continue to rise. But some help, temporary at least,
Continue Reading By Paul R. La Monica, CNN Business One share of Google’s parent company Alphabet is suddenly a lot more affordable for Main Street investors — following a massive stock split that took effect Monday. Alphabet split its two classes of shares by a 20-to-1 margin, a move that reduced the price of one share from
Continue Reading By Ramishah Maruf, CNN Business Once left for dead, Toys “R” Us is making a major comeback. The toy store brand will be just about everywhere for the holidays. Toys “R” Us will be in every US Macy’s in the next few months, part of an expanded partnership with the toy retailer’s parent company, WHP
Continue Reading By Ramishah Maruf, CNN Business Once left for dead, Toys “R” Us is making a major comeback. The toy store brand will be just about everywhere for the holidays. Toys “R” Us will be in every US Macy’s in the next few months, part of an expanded partnership with the toy retailer’s parent company, WHP
Continue Reading By Ramishah Maruf, CNN The attorney general of the state of Ohio couldn’t match the job of a local reporter who confirmed the case of a 10-year-old rape victim who traveled from Ohio to Indiana to receive an abortion, CNN analyst Bill Carter said on “Reliable Sources” Sunday. “There is not a damn scintilla of
Continue Reading By Anna Bahney, CNN Business Anyone who bought a home — or tried to — over the past couple of years knows that it was rip-roaringly competitive, with buyers offering well above asking price and all-cash deals. But it actually could have been worse. One group all but disappeared from the market during the pandemic:
Continue Reading By Paul R. La Monica, CNN Business Goldman Sachs is clearly still the top dog on Wall Street. The investment banking powerhouse reported earnings and revenue Monday morning for the second quarter that easily topped analysts’ forecasts. Goldman Sachs posted a profit of $2.9 billion, or $7.73 a share, during the three months ending in
Continue Reading By Alexandra Peers, CNN Business It’s always frustrating to find out your flight is canceled. Far more frustrating? Receiving word while mid-air, on the first leg of your trip, that the second part of your flight is canceled. That’s what happened to a trio of British Airways passengers last week, in an incident first reported
Continue Reading By Clare Duffy, CNN Business Unlike many other social media platforms, Snapchat has been available only on mobile since its launch over a decade ago. But on Monday, the company launched a web-based version of the popular messaging app. The goal is to give users the freedom to switch between their phones and computers, all
Continue Reading By Sara Ashley O’Brien and Clare Duffy, CNN Business Months after Crystal learned that her boyfriend had been covertly dating at least two other people, she began warning women on TikTok to be cautious of dating him. “I wanted everyone … to see this man’s face. Beware of him, he is a manipulator, he is
Continue Reading By Frank Pallotta and Nicole Goodkind, CNN Business Netflix, once a darling of Wall Street, is suddenly on the ropes. The streaming giant will report its second-quarter earnings on Tuesday, and it’s shaping up to be one of the most consequential moments in the 25-year history of the company. Netflix is having a terrible year.
Continue Reading By Julia Horowitz, CNN Business If a recession were to arrive in the United States, there would normally be evidence of pain at America’s biggest lenders. But so far, top banks aren’t seeing major signs of weakness, even as they admit they’re bracing for tougher times ahead. What’s happening: Results from JPMorgan Chase, Wells Fargo
Continue Reading By Anna Cooban, CNN Business Europe is bracing for the potential of a full-blown gas crisis later this week just as an historic heatwave has hiked demand for energy to help cool the continent’s homes and businesses. On Thursday, the Nord Stream 1 pipeline — a crucial artery linking Russia’s gas to the bloc —
Continue Reading By Laura He, CNN Business China is trying to ease panic over two of the biggest issues threatening social stability in the country—mortgage boycotts and frozen bank accounts. On Sunday, the China Banking and Insurance Regulatory Commission urged banks to increase loan support for real estate developers so they can complete unfinished projects, as thousands
Continue Reading Story by Reuters The Indian government’s Covid-19 vaccinations hit 2 billion on Sunday, with booster doses underway for all adults, as daily infections hit a four-month high, official data showed. Prime Minister Narendra Modi extolled the vaccination milestone, celebrating the world’s largest and longest-running inoculation campaign that began last year. “India creates history again!” Modi
Continue Reading