By Julia Horowitz, CNN Business You’ve already noticed prices going up at the supermarket and the drugstore. Unfortunately, more sticker shock could be around the corner. What’s happening: Companies that make consumer goods are announcing price increases left and right. Faced with persistent higher costs, they don’t expect the situation to moderate any time soon.
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By Frank Pallotta, CNN Business “Saturday Night Live” offered audiences not one, not two, but three Joe Biden’s on Saturday night. The NBC variety show opened Saturday’s episode with President Biden, played by James Austin Johnson, bummed out that no one likes him as much as they used to. “I don’t understand. People used to
Continue Reading By Frank Pallotta, CNN Business “Saturday Night Live” offered audiences not one, not two, but three Joe Biden’s on Saturday night. The NBC variety show opened Saturday’s episode with President Biden, played by James Austin Johnson, bummed out that no one likes him as much as they used to. “I don’t understand. People used to
Continue Reading By Ramishah Maruf, CNN Business Walmart announced its corporate employees will return to the office during the week of Nov. 8, the company said Friday. “We had a way of working before the pandemic and we developed an effective way of working during the pandemic. Now, I’m excited about our new, more flexible way of
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By Sara Ashley O’Brien, CNN Business One witness occupied the stand for the better part of week seven in the criminal trial of Theranos founder Elizabeth Holmes. For two days straight, jurors heard testimony from former Theranos insider Daniel Edlin, who was a friend of Holmes’ brother and worked at the failed blood testing startup
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by Sofia Barrett Twenty years ago this weekend, Apple launched the original, iconic iPod. Six years later, I was gifted my first and only version of the device: a third-generation iPod Nano, fit with a square screen, a click wheel and an engraving on the back: “Sofia Barrett, Happy 11th Birthday.” By that time, the
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By Rishi Iyengar, CNN Business Apple plans to give customers the ability to repair their own devices amid growing pressure from regulators and consumers around the world for manufacturers to ease restrictions on fixing products. The company on Wednesday announced a new program that will make spare parts for Apple products available to purchase starting
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By Jordan Valinsky, CNN Business Black Friday always starts early, but this year, the holiday shopping bonanza is kicking off earlier than ever — more than a month sooner than usual. Major retailers are pushing people to shop earlier than ever this year so shoppers can grab some deals — if they can find them
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By Donie O’Sullivan, Tara Subramaniam and Clare Duffy, CNN Business Just days after insurrectionists stormed the Capitol on January 6th, Facebook’s Chief Operational Officer Sheryl Sandberg downplayed her company’s role in what had happened. “We know this was organized online. We know that,” she said in an interview with Reuters. “We… took down QAnon, Proud
Continue Reading By Donie O’Sullivan, Tara Subramaniam and Clare Duffy, CNN Business Just days after insurrectionists stormed the Capitol on January 6th, Facebook’s Chief Operational Officer Sheryl Sandberg downplayed her company’s role in what had happened. “We know this was organized online. We know that,” she said in an interview with Reuters. “We… took down QAnon, Proud
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By Jordan Valinsky, CNN Business SkyWest, a regional airline that operates flights for several major US carriers, has canceled and delayed thousands of flights over the past two days. The airline explained that it experienced an “operational disruption” on Thursday, and that the cancellations and delays cascaded into Friday because it had to get “crew
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Opinion by Sylvester Turner for CNN Business Perspectives Earlier this month, the Department of Education announced major fixes to a well-intentioned yet broken program that was designed to help millions of teachers, police officers, military personnel and other public service workers alleviate student loan debt. The Public Service Loan Forgiveness (PSLF) Program is a contract
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By Parija Kavilanz, CNN Business Walmart is recalling an aromatherapy room spray that contained a dangerous bacteria, which can cause a fatal health condition, the U.S. Consumer Product Safety Commission said Friday. The retailer is recalling 3,900 bottles of the Better Homes and Gardens-branded essential oil infused aromatherapy room spray with gemstones. The spray bottles
Continue Reading By Chris Isidore, CNN Business Shellie Parsons never thought she’d be supporting an effort to win union representation at the Dollar General store where she’s worked for a bit more than a year. “I was actually against unions,” said the 37-year-old single mom. “I’d heard a lot of bad things about the unions.” She liked
Continue Reading By Walé Azeez, CNN Business Up to 2 million UK workers will be getting bigger paychecks starting in April following a hike to the minimum wage. The minimum hourly wage for people over the age of 23 will increase by 6.6% to £9.50 ($13), the government said ahead of its budget announcement on Wednesday. The
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By Paul R. La Monica, CNN Business The housing market is showing no significant signs of slowing, despite some concerns that prices may be close to peaking as mortgage rates climb. Housing starts in September were up from a year ago, while existing home sales topped economists’ forecasts and rose from August levels. Even as
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By Anneken Tappe, CNN Business Covid continues to loom over the US economy, but economic activity is nonetheless inching closer to its pre-pandemic strength, helped in large part by people returning to their offices. The biggest problem putting a damper on early celebrations: the ongoing supply chain crisis. The Back-to-Normal Index created by CNN Business
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By Laura He, CNN Business Beijing is making one thing clear to the country’s embattled property developers: Pay your debts. All of them. Two major economic and finance agencies on Tuesday called on companies in “key industries” to redeem the principal and interest on their overseas bonds, according to a government statement. Regulators from the
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By Matt Egan, CNN Business President Joe Biden’s vaccine order will force employers to lay off thousands of workers, making the supply-chain crisis much worse, a major business group warned the White House this week. The National Association of Wholesaler-Distributors, an influential trade group that represents an industry with nearly 6 million workers, is pleading
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By Matt Egan, CNN Business Former President Donald Trump’s planned return to Wall Street is setting off a frenzy. Shares of the shell company that Trump’s new media company plans to merge with surged as much as 284% on Friday, prompting a series of trading halts for volatility. The company, Digital World Acquisition Corp., finished
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