By Alicia Wallace, CNN Business Since losing one-third of its workforce at the outset of the pandemic, the child care industry has seen a jobs recovery that’s been slow and incomplete. And now it’s starting to backslide. After shedding 4,500 jobs from September through November, preliminary estimates from the US Bureau of Labor Statistics show
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By Parija Kavilanz, CNN Business The unraveling of the global supply chain has been blamed on a multitude of factors — the pandemic, labor and raw material shortages, skyrocketing shipping prices and adverse weather events among them. Now, add one more to the list: a surge in factory fires. Supply chain disruptions last year jumped
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By Jordan Valinsky, CNN Business Mountain Dew’s Baja Blast, the beloved tropical lime-flavored beverage that originated at Taco Bell, is being made boozy. Boston Beer Company, which partnered with Pepsi to make a spiked seltzer version of the soft drink, exclusively told CNN Business that it’s surprising fans with a new “HARD MTN DEW” flavor
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By Anna Cooban, CNN Business UniCredit has dropped a potential bid for a Russian state-owned bank because of the escalating crisis over Ukraine. CEO Andrea Orcel confirmed reports that the Italian bank was considering acquiring Otkritie when it goes public, but has since abandoned the project due to the “geopolitical environment.” “We were indeed evaluating
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By Kristin Fisher, CNN The International Space Station has transcended terrestrial political troubles between the United States and Russia for more than two decades. But some former NASA astronauts who spent months floating alongside Russian cosmonauts are worried the current crisis in Ukraine could end the US-Russian partnership in space. The ISS, which is a
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By Brian Fung, CNN Business From canceled flights to dire warnings of a stalled shipping economy, this was not how the rollout of 5G networks was supposed to go. Despite having years to prepare, the United States last week had to scramble to keep the launch of new, next-generation wireless technologies from disrupting air transportation
Continue Reading By Brian Fung, CNN Business From canceled flights to dire warnings of a stalled shipping economy, this was not how the rollout of 5G networks was supposed to go. Despite having years to prepare, the United States last week had to scramble to keep the launch of new, next-generation wireless technologies from disrupting air transportation
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By Charles Riley, CNN Business UK companies and organizations have been urged to bolster their defenses against potential Russian cyberattacks as Moscow masses military forces on the Ukrainian border. Britain’s National Cyber Security Centre has directed organizations to take action “in response to the malicious cyber incidents in and around Ukraine,” saying recent attacks are
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By Diksha Madhok, CNN Business Google is investing up to $1 billion in a major Indian telecom company, a move it hopes will drive down the cost of smartphones in a huge and rapidly expanding market. Google said in a statement Friday that it would invest $700 million in Bharti Airtel, India’s second-largest telecom operator,
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By Rhea Mogul and Vedika Sud, CNN Dharini Mathur’s son had just turned 4 when he started pre-school online. More than 600 days later, he still sits behind his computer screen, attempting to learn virtually — while making zero contact with his classmates and teachers. He is one of more than 4 million children in
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The coronavirus pandemic, along with a struggling economic climate has created challenges for some minority and women-owned businesses.
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By Michelle Toh and Selina Wang, CNN Business Sponsors of the Olympics are walking a tightrope ahead of the Beijing Winter Games next month as worsening geopolitical tensions force them to consider downplaying their involvement without upsetting China. Political fervor in the United States reached a high last month as the White House called for
Continue Reading By Michelle Toh and Selina Wang, CNN Business Sponsors of the Olympics are walking a tightrope ahead of the Beijing Winter Games next month as worsening geopolitical tensions force them to consider downplaying their involvement without upsetting China. Political fervor in the United States reached a high last month as the White House called for
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By Brian Fung and Laura He, CNN Business The Federal Communications Commission on Thursday voted to ban China Unicom, a state-owned Chinese telecommunications carrier, from offering telecom services in the United States. The decision marks the regulators’ latest move to lock down US networks against the risk of Chinese espionage, a threat that national security
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By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Last week’s frightening sight of a local TV reporter being hit by a car during a live shot is sparking conversations and calls for change. The reporter, Tori Yorgey of
Continue Reading By Rhea Mogul and Vedika Sud, CNN Dharini Mathur’s son had just turned 4 when he started pre-school online. More than 600 days later, he still sits behind his computer screen, attempting to learn virtually — while making zero contact with his classmates and teachers. He is one of more than 4 million children in
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By Rachel Metz, CNN Business The next time you try to log in to the Internal Revenue Service’s website you’ll be urged to use facial-recognition software to verify you are who you say you are. The verification process includes taking a picture of a photo ID, like a driver’s license or passport, and then taking
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By Samantha Murphy Kelly, CNN Business Apple posted record revenue during the all-important holiday quarter even as it continued to grapple with supply chain shortages. The company on Thursday reported $123.9 billion in revenue for the final months of the year, an 11% increase from the year prior, fueled by demand for its latest lineup
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By Paul R. La Monica, CNN Business Stocks have slumped this year. So has bitcoin. But gold, by comparison, has had a fairly solid start to the year. The price of the yellow metal is roughly unchanged, hovering just below $1,800 an ounce. Gold prices are up slightly over the past three months as well.
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By Matt Egan, CNN Business The Covid era of free money is coming to an end. After dropping interest rates to zero in March 2020 to revive the economy, the Federal Reserve is shifting gears and going into inflation-fighting mode. Fed officials indicated Wednesday they plan to raise interest rates in March, launching a series
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