By Nathaniel Meyersohn, CNN Business A record number of Americans are quitting their jobs and businesses are desperately struggling to fill open positions. Target doesn’t have either of those problems. Target said Wednesday that its turnover rate for hourly workers was lower this year compared with 2019, even after accounting for new hires. The retailer
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By Matt Egan, CNN Business The American Petroleum Institute on Wednesday slammed President Joe Biden’s push for a Federal Trade Commission investigation of the oil industry and renewed its call for the federal government to encourage domestic oil and gas production. “This is a distraction from the fundamental shift that is taking place and the
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By Danielle Wiener-Bronner, CNN Business Coke’s new flavor is out of this world. At least, that’s the idea behind Coca-Cola Starlight, a new limited-edition version of the classic soda that comes in regular and zero sugar. After deciding to discontinue half of its portfolio a few years ago, getting rid of outdated but beloved drinks
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By Frank Pallotta, CNN Business Miramax — the movie studio behind the classic crime movie “Pulp Fiction” — is suing Quentin Tarantino, the film’s director, over his planned sale of NFTs from the 1994 film. The two-time Academy Award-winning director and screenwriter announced earlier this month that he’s selling NFTs of seven original scenes from
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By Chris Isidore, CNN Business For most employers it’s full-speed ahead on Covid vaccine mandates, regardless of whether the courts uphold or strike down President Joe Biden’s requirements. A Federal Court of Appeals put on hold the Biden administration’s plans to mandate vaccines or weekly tests for staff of businesses with 100 or more employees.
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By Paul R. La Monica, CNN Business The company formerly known as Facebook is now calling itself Meta Platforms. But investors looking to cash in on the virtual world known as the metaverse already have plenty of other options besides Mark Zuckerberg’s social media giant. Gaming platform Roblox, which lets users generate their own avatars
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By Jordan Valinsky, CNN Business Attention red cup fans: Starbucks is giving away reusable holiday cups for one day only. Customers who order a handcrafted holiday beverage from US Starbucks locations on Thursday will receive their drink in a “limited-edition reusable red cup.” Starbucks said that supplies are limited and the offer applies to all
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Opinion by Mark Zandi for CNN Business Perspectives We can’t catch a break. Since the Covid-19 pandemic struck in the spring of 2020, the United States has suffered hundreds of thousands of deaths due to the virus and lost millions of jobs. There was much hope the pandemic would soon be behind us when 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 Dalal Mawad, CNN Decathlon says it will stop selling kayaks in some stores in northern France in a bid to prevent migrants using them to make the dangerous sea crossing to England. The French sports equipment company said it would stop selling the small boats in stores in the seaside cities of Calais and
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By Julia Horowitz, CNN Business Heading into the all-important holiday shopping season, investors have been nursing a big concern: Will supply chain issues lead to empty shelves, making it impossible for retailers to take advantage of huge demand for toys, appliances and other items as the economy recovers from the pandemic? The answer appears to
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By Jordan Valinsky, CNN Business In a sign of the times, Los Angeles’ Staples Center is switching its name to Crypto.com Arena. The 20-year naming rights agreement, announced Tuesday by arena owner AEG, marks an end of an era. The Staples Center has held that name since the 20,000-seat facility opened in 1999 and is
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By Danielle Wiener-Bronner, CNN Business If you’ve been noticing emptier shelves when shopping for Thanksgiving, you’re not alone. But you won’t have to cancel Thanksgiving. In the week ending November 7, retailers were running lower on stock of essential Thanksgiving items compared to the same time last year, according to IRI, a market research firm
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By Mark Thompson, CNN Business Britain looks set to become the first major economy to hike interest rates since the Covid-19 pandemic began after inflation data showed prices rising at the fastest rate in a decade. Driven by higher energy and transport costs, the UK Consumer Prices Index rose by 4.2% in the year to
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By Rhea Mogul, CNN A comedian’s powerful monologue addressing some of India’s most sensitive issues including rape and farmers’ protests has split opinion in the country, with right-wing activists calling for his arrest while supporters rally to his defense. Comedian Vir Das performed “I come from two Indias” — a speech chronicling what he perceives
Continue Reading By Rhea Mogul, CNN A comedian’s powerful monologue addressing some of India’s most sensitive issues including rape and farmers’ protests has split opinion in the country, with right-wing activists calling for his arrest while supporters rally to his defense. Comedian Vir Das performed “I come from two Indias” — a speech chronicling what he perceives
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By Laura He, CNN Business Evergrande chairman Xu Jiayin has sold more than 7 billion yuan ($1.1 billion) worth of personal assets to prop up his embattled company, Chinese state media reported this week. Xu has sold several houses in Hong Kong, Guangzhou and Shenzhen, as well as some private jets, the state-owned China Business
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By Steven Jiang, CNN Business The United States and China have agreed to relax visa restrictions on each other’s journalists, according to officials from both countries. The deal addresses one source of contention in strained bilateral ties following a lengthy virtual meeting between Presidents Joe Biden and Xi Jinping on Monday. Under the agreement, the
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By Sara Smart and Justin Lear, CNN As the holiday season approaches and many across the US are setting up their Douglas firs, white pines or spruce trees in the house, the US Consumer Product Safety Commission (CPSC) has sent out an alarming warning. The CPSC took to Twitter Saturday, posting a striking image of
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The event will provide financial assistance in the training and placement for those looking to become truck drivers.
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