By Chris Isidore, CNN Business Profits soared at the nation’s two largest oil companies, as ExxonMobil and Chevron both benefited from the recent run-up in oil prices. ExxonMobil, America’s largest oil company, posted net income of $6.8 billion, swinging to a profit after a $680 million loss a year ago. Oil prices got crushed in
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By Hannah Ritchie and Esha Mitra, CNN Indian actor Puneeth Rajkumar has died aged 46 after suffering cardiac arrest on Friday, according to a statement from Vikram Hospital in the city of Bangalore. “Mr. Puneet Rajkumar, aged 46 years was brought to Vikram Hospital on 29/10/21 with a diagnosis of heart attack with ECG done
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By Julia Horowitz, CNN Business What will dominate this holiday shopping season: Huge demand, as shoppers use pent-up savings to splurge, or supply chain problems leading to empty shelves and presents on back order? Apple’s latest earnings report is amping up fears that production and shipping complications will steal the spotlight. What’s happening: The company
Continue Reading By Laura He, CNN Business For the second time this month, China’s most indebted developer Evergrande has reportedly managed to avoid default at the last minute. The debt-stricken firm paid interest on a dollar-denominated bond that was due in late September, just as a 30-day grace period expired, according to the New York Times and
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OSAGE BEACH, Mo. (KMIZ) Camden and Miller Counties will vote on Tuesday, November 2nd, on a proposed tax that would pay for new fire equipment and a new fire station. The property tax increase will cost residents 30 cents for every 100 dollars of property value. That would cost property owners $114 a year on
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Jefferson City, Mo (kmiz) Sisters of St. Mary’s Hospital hosted it’s hiring event today. The health system is looking to fill a wide range of full and part-time positions in light of the shortage of health care workers since the pandemic started. According to the U.S labor and statistics since the pandemic began the health
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By Anna Bahney, CNN Business Waiting for the wild housing market to calm down before buying a place? Don’t bother, said Barbara Corcoran, the founder of the Corcoran Group real estate firm and star of “Shark Tank,” during a CNN Business Foreseeable Future discussion on the current housing market madness. “I don’t think it is
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By Marshall Cohen A January 6 rioter who downplayed the insurrection in a Fox News interview one day after she was sentenced to probation for storming the Capitol was “played by Laura Ingraham” and manipulated into whitewashing the attack, her lawyer said Thursday. Anna Morgan-Lloyd received national attention in June for becoming the first Capitol
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By Amir Vera, CNN News of Facebook’s new company name, Meta, quickly attracted the scorn of the internet. “The only meta we acknowledge,” tweeted writer Mitchell Clark, who posted a picture of former NBA player Meta World Peace (formerly known as Ron Artest). “‘Meta’ is short for ‘I meta girl in high school who I
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By Moira Ritter, CNN Business Whole Foods shoppers may have received a shock this week if they noticed a new $9.95 delivery fee on orders placed through Amazon Prime. Amazon, which acquired Whole Foods in 2017, had previously offered free two-hour delivery for Prime members, but warned shoppers last month a new charge was coming.
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By Clare Duffy and Rishi Iyengar, CNN Business Even Amazon and Apple are grappling with the global supply chain crunch. Both companies reported revenue results on Thursday that fell short of Wall Street analysts’ expectations and warned that supply chain issues could weigh on business in the December quarter. Amazon missed Wall Street projections for
Continue Reading By Clare Duffy and Rishi Iyengar, CNN Business Even Amazon and Apple are grappling with the global supply chain crunch. Both companies reported revenue results on Thursday that fell short of Wall Street analysts’ expectations and warned that supply chain issues could weigh on business in the December quarter. Amazon missed Wall Street projections for
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By Matt Egan, CNN In the wake of the revelations in the Facebook Papers, Patagonia CEO Ryan Gellert on Thursday called for companies to join the brand in pressuring Facebook to fix its platforms. “We believe Facebook has a responsibility to make sure its products do no harm, and until they do, Patagonia will continue
Continue Reading By Amir Vera, CNN News of Facebook’s new company name, Meta, quickly attracted the scorn of the internet. “The only meta we acknowledge,” tweeted writer Mitchell Clark, who posted a picture of former NBA player Meta World Peace (formerly known as Ron Artest). “‘Meta’ is short for ‘I meta girl in high school who I
Continue Reading By Anna Bahney, CNN Business Waiting for the wild housing market to calm down before buying a place? Don’t bother, said Barbara Corcoran, the founder of the Corcoran Group real estate firm and star of “Shark Tank,” during a CNN Business Foreseeable Future discussion on the current housing market madness. “I don’t think it is
Continue Reading By Anna Bahney, CNN Business Waiting for the wild housing market to calm down before buying a place? Don’t bother, said Barbara Corcoran, the founder of the Corcoran Group real estate firm and star of “Shark Tank,” during a CNN Business Foreseeable Future discussion on the current housing market madness. “I don’t think it is
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By Rishi Iyengar, CNN Business Activision Blizzard CEO Bobby Kotick has asked the company’s board to slash his pay to the “lowest amount California law will allow” until the gaming company fixes its issues with gender discrimination and harassment, he said in a letter to employees on Thursday. If the board approves, Kotick will be
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By Clare Duffy, CNN Business Ohio Attorney General Dave Yost on Monday announced that he is suing Meta, the social media giant formerly known as Facebook, based on revelations from whistleblower Frances Haugen and the trove of internal company documents she leaked. The securities lawsuit, filed on behalf of the Ohio Public Employees Retirement System
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By Matt Egan, CNN Business Citigroup told staff Thursday that US-based employees will be required to get fully vaccinated if they want to stay employed. In a post on LinkedIn, Citi’s head of human resources Sara Wechter partially cited the Biden administration’s vaccine order for federal contractors, noting the US government is a “large and
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By Oliver Darcy, CNN Business Is Rupert Murdoch a 1/6 or election truther? The conservative media mogul hasn’t weighed in directly on the conspiracy that the 2020 election was stolen or the insurrection that took place at the US Capitol earlier this year, and his spokesperson didn’t respond to a request for comment Thursday morning
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