Money

By Chauncey Alcorn, CNN Business A trio of Black former Kraft Heinz factory workers are suing the company for $30 million over what they claim was routine racist harassment from former co-workers and supervisors. The plaintiffs claim their former coworkers left notes in their lockers calling them the N-word and once threatened to kill them

By Paul R. La Monica, CNN Business The buzzy sports apparel startup Fanatics will become the new exclusive licensee for Major League Baseball cards, taking over from Topps after its deal with MLB ends in 2025, a source close to the company confirmed to CNN Business on Friday. As a result, the more than 80-year-old

By Brian Stelter, CNN Business Mike Richards strategized for years to become the host of an iconic TV game show. But he lasted as the host of “Jeopardy!” for just one taping day. The producer-turned-host who positioned himself as Alex Trebek’s rightful heir said Friday he has “stepped down,” citing the controversy over “past incidents

By Nathaniel Meyersohn, CNN Business Amazon upended the US brick-and-mortar department store model built by companies like Sears and J.C. Penney. Now, the e-commerce giant reportedly has plans to open physical stores that resemble the concept it’s helping to crush. Amazon is expected to open department stores in the United States, starting in Ohio and

By Julia Horowitz, CNN Business China’s escalating crackdown on the country’s once-mighty technology sector shows no signs of abating, leaving investors to wonder: Where does the market rout end? What’s happening: China passed sweeping new rules about the collection and use of personal data on Friday, just days after it proposed major changes to curb

By Nadine Schmidt, CNN Business Taliban fighters searching for a Deutsche Welle journalist in Afghanistan shot dead a member of his family and seriously injured another, Germany’s international public broadcaster reported. Deutsche Welle said that other relatives of the journalist were able to escape and are on the run. The Deutsche Welle journalist the fighters

By Chris Isidore, CNN Business At Kevin Smith’s home health care agency in Massachusetts, only 52% of his 400 staff members have been vaccinated. He’d like to order them all to get the shot, but he says he can’t risk a mass exodus. It’s a legitimate fear. The labor market is very tight, with a

By Rob McLean, CNN Business Johnson & Johnson said Thursday that Joaquin Duato will transition to the role of CEO on January 3, replacing Alex Gorsky. Gorsky, who has served as CEO and chairman since 2012, will become executive chairman at that time, according to a news release. Duato has worked for Johnson & Johnson

By Chris Isidore, CNN Business This quarter was supposed to be when computer chip supply and auto production were returning to normal. Instead, the surge in Covid cases, especially in Southeast Asia, is causing a new round of parts shortages and auto plant shutdowns around the globe. That could keep already astronomical car prices high.