US Rep. Vicky Hartzler speaks out on inflation
The Labor Department says inflation jumped to 8.5 percent last week and prices are still being affected by a recovering supply chain and increasing consumer demands.
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Amazon warehouse injury rate last year was more than twice the rate of other warehouses, study finds
By Sara Ashley O’Brien, CNN Business The rate of serious injuries at Amazon warehouses in the United States is more than twice as high as those at other, non-Amazon warehouses, according to a new study that examines injury data supplied to the federal agency that oversees workplace safety. Amazon employed 33% of all US warehouse
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A second Amazon union election begins in New York
By Sara Ashley O’Brien, CNN Business After a historic union victory at an Amazon warehouse in New York City earlier this month, a grassroots labor organization is hoping it can notch a second win at a facility just across the street. Hundreds of Amazon employees at a Staten Island sorting facility known as LDJ5 began
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It’s going to be a ‘make-or-break’ year for struggling craft brewers
By Alicia Wallace, CNN Business For many of the nation’s small and independent brewers, this year will prove to be a true test of their staying power. Early data for 2022 shows that brewery closures are on the rise and some sales have been spotty, said Bart Watson, senior economist for the Brewers Association, craft
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A shoemaker, a pizza shop and a bakery in Kyiv pivot to serve their country
By Parija Kavilanz, CNN Business In Kyiv, a group of small business owners are busy at work. There’s a war raging around them and they’re reminded how close the danger is whenever the warning sirens go off in the Ukrainian capital. They describe it as a jarring sound, yet they push through the fear because
Continue Reading A shoemaker, a pizza shop and a bakery in Kyiv pivot to serve their country
By Parija Kavilanz, CNN Business In Kyiv, a group of small business owners are busy at work. There’s a war raging around them and they’re reminded how close the danger is whenever the warning sirens go off in the Ukrainian capital. They describe it as a jarring sound, yet they push through the fear because
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Apple’s Tim Cook warns of ‘unintended consequences’ in app store antitrust legislation
By Brian Fung, CNN Business Apple CEO Tim Cook blasted regulatory proposals by Congress and in the European Union on Tuesday, arguing that legislation aimed at cracking open the company’s app store will hurt user security and privacy. The remarks show how Apple is bringing out its heaviest hitters in opposing government policies that could
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Oil races back above $100 a barrel
By Matt Egan, CNN Business Turbulence in the oil market continued on Tuesday, with crude prices soaring back above $100 a barrel on concerns about a loss of supply of oil from Russia and signs that lockdowns in China may be easing. US crude jumped 7% to $100.84 a barrel in recent trading. Brent crude,
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A last-minute way to reduce your 2021 taxes right up until Tax Day
By Jeanne Sahadi, CNN Business Last year may be history. But there may still be one thing you can do this week to reduce your 2021 tax bill (or bolster your refund), all while fattening your retirement savings. You have until Monday, April 18 — the official federal tax-filing deadline — to make a 2021
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Yelp joins growing list of companies offering workers help with abortion care
By Allison Morrow, CNN Business Yelp has joined a growing list of companies supporting abortion access for their employees in the face of state laws that effectively ban it. In a statement Tuesday, the same day Oklahoma’s governor signed a near-total abortion ban, Yelp said it would cover travel expenses for any of its employees
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Nokia and Ericsson halt new business in Russia. Is Huawei next?
By Anna Cooban, CNN Business Nokia has announced its exit from Russia, while rival Ericsson is putting its business there on hold indefinitely, throwing into doubt the country’s ability to build super-fast 5G networks. The Finnish telecom company announced on Tuesday that staying in Russia would “not be possible” given President Vladimir Putin’s ongoing assault
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‘Stranger Things’ debuts new trailer for its creepy upcoming season
By Frank Pallotta, CNN Business “Stranger Things” is approaching its final run, but it still has some creepy scares left in store. Netflix’s immensely popular science fiction horror series released the first trailer to its fourth season Tuesday. The teaser gives fans their best look yet at the upcoming adventures for the kids from Hawkins
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Oxfam: Quarter of a billion more people could be living in extreme poverty by end of year
By Anna Stewart, CNN Business and Livvy Doherty Roughly a quarter billion more people could be living on less than $1.90 a day by the end of this year due to Covid-19, rising global inequality and the shock of food price increases that have been supercharged by the war in Ukraine, a new report by
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‘Recession shock’ is coming, Bank of America warns
By Matt Egan, CNN Business Bank of America is warning that high inflation poses a credible threat to the economic recovery that began just two years ago. “‘Inflation shock’ worsening, ‘rate shock’ just beginning, ‘recession shock’ coming,” Bank of America chief investment strategist Michael Hartnett wrote in a note to clients on Friday. The warning
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David Zaslav lays out his vision for Warner Bros. Discovery: ‘One platform that we take everywhere in the world in every language’
By Brian Stelter, CNN Business David Zaslav, the longtime leader of Discovery, sketched out his vision for the newly formed Warner Bros. Discovery in his first global town hall with the new company’s employees on Thursday. Zaslav spoke from the iconic Warner Brothers movie studio lot in California and was seen by employees around the
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Double Thumbs Up: Netflix introduces a new way to recommend content you love
By Frank Pallotta, CNN Business Netflix wants to make it easier for you to recommend the TV shows and films you love. The streaming service introduced a “Double Thumbs Up” button Monday that is “an additional way for members to let us know what types of series and films you want to see more of.”
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Boeing loses more than 90 jet orders due to war in Ukraine
By Chris Isidore, CNN Business Boeing is likely to lose about 90 jet orders due to “geopolitical issues” related to Russia’s invasion of Ukraine, the company said Tuesday. The aircraft maker said it is not canceling the orders — yet. But it has placed them in an accounting limbo which it uses when there are
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Lululemon wants your used workout clothes
By Parija Kavilanz, CNN Business Lululemon doesn’t mind if you’ve power walked, danced, stretched or meditated in its clothing. Soon you can trade in your gently used items at any of its US stores. The athleisure company, known for its pricey leggings and yoga pants, said Tuesday it is expanding the resale program it launched
Continue Reading Nokia and Ericsson halt new business in Russia. Is Huawei next?
By Anna Cooban, CNN Business Nokia has announced its exit from Russia, while rival Ericsson is putting its business there on hold indefinitely, throwing into doubt the country’s ability to build super-fast 5G networks. The Finnish telecom company announced on Tuesday that staying in Russia would “not be possible” given President Vladimir Putin’s ongoing assault
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Wall Street is battling to determine the future of work from home
By Nicole Goodkind, CNN Business Big banks like to stick together on major policy decisions. But as Wall Street grapples with heading back-to-work, a rare chasm is growing between the finance giants. The implications of these choices, and the resulting stratification of policies will likely ripple through the world of finance and out to Main
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